I don't usually trade Elliott Wave but this setup jumped off the chart and slapped me in the face while looking for reasons to go long GBPUSD. 15th August saw the beginning of the 1st wave with a double bottom at post-Brexit lows. To kick off leg 2, on Thursday 1st Septmeber UK PMI Manufacturing came out at 53.3, above the projected 49 and far exceeding July's...
Buy Sterling with a Take Profit target in the Brexit ICT Liquidity Zone Entries - Buy 1.3260 and TP 1.3600 (Reward:Risk of 2.38:1) - Buy 1.3255 and TP 1.3600 (Reward:Risk of 3.2:1) Intermediate targets would be 1.3345 and 1.3410 Look to phase in a 3x reversal below 1.3115 Rationale; 1. Elliott wave setup as per chart 2. Support/Resistance Flip ties in nicely...
I go long beacause there is an intersection of the Stoch's lines.
Am seeing lower lows on the 30 min chart and higher lows on macd indicator. this shows that there may be a breakout of an uptrend.
Ok, so, if you study this pair over the last 3 months, post Brexit, it has been a study in Trend reversal and I have enjoyed being part of it .. Price broke through recently on Trend line resistance(Maroon) from Sept 1. Its been in reversal since Sept 6, but we await price to touch on the channel floor. Which has been a driver for price recent bullish run. I...
The pair looks bullish now. I used Fibonaccii to determine the profit levels.
Currency pair has gone over 100% of 20 day average.. London brokers closing their orders, should cause pair to go opposite direction, in our case (UP) we are going with 4 hr and day chart trend (bullish). Divergence showing. Possible consolidation around the TP1 area.
This is very simple setup in GBPUSD, to take long positions. Check your risks before taking this trade in GBPUSD. As I was typing this description GBPUSD shot up... only on retest you may get entry chance as mentioned in chart !
Once Head and shoulders plays out out Ill be getting long on the inverse level marked in red
This is an update for GBP/USD, The pair is currently hovering around the trend line shown in the chart. we're predicting for PRICE BREAKOUT. We hope our signals could be of best use for you, so BUY on 1.31497 and place your TARGET at 1.31797
Gbpusd pair holding strongly 1.3050 level So advice to buy gbpusd in range 1.3030-1.310 sl around 1.2940 tp 1.33
This is an update on an idea I published a couple of hours back. I just added an AB=CD pattern.
GBPUSD Long from now! Dont ask me how, just trade it!