this is a buy signal based on supply and demand in confluence with W and M formations. i believe this is going to be another good trade inrespective of the outcome.
Price is sitting on a key support in line with the ascending trend line and 61.8% retracement where we could see a bounce from here.
Follow the chart to understand this analysis.
GBPUSD Bullish Accumulation 400 Pips on the way.
GBP/$ has provided lots of trading opportunities over the last few weeks with it's very large range bound moves. Over the last week, sterling made another strong and undisrupted move back into 1.37. This ended in the 'double-top' structure formation which consequently ended on Friday in a plunge (-0.79%) drop back into the highs of 1.35. Entering this week, i...
gbpusd if break this resistance then great opportunity for 30 pips
Here we look at buying the GBP/USD exchange rate as the market prices in the expectation of a Brexit deal over the coming week. We look at entry price strategies and one-month volatility stop-loss area's.
1.28820 is my clear target for scalp , proper loss limit enjoy
Taking a look at the price action on GBPUSD we can see a potential level of support set up for a possible move higher at around the 1.3200 big figure. As you can see from the 1 Hour chart, we have a possible convergence of factors that could increase the probability for a move higher. The 1.3200 level being a big figure level in general is psychological level...
A nice uptrend, healthy pullback achieved courtesy of FOMC. Nice drive into 1.31 key psychological figure. Buy back up to 1.325 and above.
Bullish on the pair but always wait for a confirmation before entering a trade. This is an analysis and projection - not a signal. We have a red zone where price might range first.
GBPUSD bullish scenario is supported by the following factors: 1. It's moving perfectly in the ascending channel. 2. Hidden bullish divergence formed on MACD for the continuation upwards. 3. Break out of the most recent falling trend line within the bullish channel. 4. The next target of 1.2850 is derived from the confluence of Fibo Extn's on the prior impulsive...
Hello, The GBPUSD pair break the trendline on H4 timeframe. Then the market consolidated in a range. I think this is a good time to take a long. Good luck.
The pair maintains its laterality, which enhances the idea that it will continue in an uptrend. A clear flag marks this lateral movement. At any moment we should see a bullish momentum. If we see it with Elliot Wave , we would be in front of a lateral 4 wave. going in search of wave 5, and resistance.,,
The pair maintains its laterality, which enhances the idea that it will continue in an uptrend. A clear flag marks this lateral movement. At any moment we should see a bullish momentum. If we see it with Elliot Wave, we would be in front of a lateral 4 wave. going in search of wave 5, and resistance.