When I look at the weekly chart of GBPUSD, i think there's a great swing trade potential. My target is $1.38 However, i still want to see the breakout confirmation. This is not financial advice
We have finished triple cycle, best part of here all it happens on a psychological level 1.25. We have false breakout happening right on a bottom, buy retraces remains the plan.
GBPUSD price is at support zone , i think its a good entry for long position. If the price can't break this support and bounce from here, we can see double bottom on the daily chart . I open long for this pair at current market price, and I set my first take profit to 1.275.
This one prediction may or may not take long to form at all. I decided to take this pair on a weekly outook to be sure of no noise on the smaller time frames. With everything going on with this Brexit deal I'm sure there will be some volatility in this pair. I would play it safe but setting a small trade on this pair. Once the pair breaks through the 1st...
Current rate: 1.2736 Cable clocked a high of 1.2757 post-NFP. The pullback does little damage to the bull view. A 4-hour close above 1.2745 would confirm a inverse head and shoulders breakout and open the doors to at least $10. pip move. The breakout on 4H would supplement the bullish profile of the daily chart, which has 5 and 10-day bull cross and the...
Looking to buy GBPUSD from the buy area. Take profit (+40-50pips). Feel free to check out the other trading analysis and precision. Please like, comment your thoughts and subscribe so that you don't miss out on catching hundreds of pips weekly. Good luck traders!
Hi traders, on GBPUSD we have a good chance to go long and trade the reversal to see the next lower high after a lower low. The trend is still bearish. Have a eye on your money management and risk management. Have a great weekend. Your Stefan Forex
OANDA:GBPUSD GBP/USD (H4) Swing BUY FROM CURENT PRICE TP-1.3040 SL-1.2575 BUY LIMIT FROM 1.2684 TP-1.3188 SL-1.2575
Buy @ 1.31 ******** TP #1 : 1.3057 TP #2 : 1.31 ******** Strong resistance @ 1.2983 Suggested StopLoss : 1.2975 ******** Trade at your own risk.
ASCENDING Channel on GBPUSD Looking for it to travel to the next resistance - both the resistance on the channel and the MN horizontal resistance zone.
GBP USD, according to the US data release today we we will expect US Strong, which will provide a good set up for USD JPY and Of course GBP USD After this impulse of the pair we will need to recover in order to push lower. First we have 1.28520 on the cards, However a clean break of 1.30 on the Daily time frames will me this trade invalid. Furthermore the ...
$GBP/USD long swing trade set-up based on this spike down to support and strong green candle. Also looking at the fib retrace on the 1D as an optimal entry. I'll take partial profits and trail the rest.
Hi Guys, GBP will have a very bullish move soon,Its all about Brexit, they will find a good way to make GBP and EUR GP Up However, Must use stop Loss on this one, in case something really bad comes out. I dont think so, but just to be safe. USD is down, GBP is UP ==== Very Bullish move Buying areas are shown, Stop loss, and Targets as well. Best Luck
Good rejection at 1.26600 ( daily support). Now the trendline is broken, making a pullback. Now we´re heading to 50% fibonacci level.
Awaiting for long opportunity, many might see this as a bearish move but as for me, based on D1 chart, it is still a bullish run. Awaiting for double bottom and sign or market weakness for long opportunity.