It seems GBP/USD is on Bullish direction. From the povit point analysis it's time to reach price @ 1.42428.
Failed to break channel and is around strong weekly area which ended with a sell with a target to lower channel. Will be adding positions on every retracement I find convenient.
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LONG Bottom of channel - price action supports reversal FX:GBPUSD
as you all can see... the box area is for buy... In h4 timeframe... according to AO indicator... it shows CONVERGENCE which is the price will continue up to the north... What do you think guyz? I already placed my buy limit at 1.32100 with 30 pips risk.
GBPUSD Price was re test, best opportuniti for LONG
We are at important 4 channel support here on Cable alongwith 50% fib of the recent move. This is a decent area which should hold. Long GBPUSD @ 1.2817 target 1.29 Stop @ 1.2787
long gbpusd @ 1.2906 with 30 pip stop. Target previous highs @ 1.3030 squirrelfxblog.com
Buying GBPUSD (When triangle break out) Nice setup on GBPUSD as we have couple of major news for tomorrow, currecntly forming triangle or a flag pattern it would be favourable if we buy the pound once the break out happens Set Buy stop at 1.2780 with stop loss at 1.2710 TAKE PROFIT AT 1.2890
Sell below 1.2933. Stop loss at 1.2988. Take profit at 1.2854. Reason for the trading strategy (technically): Price continues to hold perfectly below our selling area. We remain bearish looking to sell below 1.2933 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1.2854 support (Fibonacci retracement,...
GBPUSD Long !! :) support zone + trendline
Sell below 1.2933. Stop loss at 1.2988. Take profit at 1.2854. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly. We prepare to sell below 1.2933 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1.2854 support (Fibonacci retracement, horizontal swing...
We wish that our analysis could be helpful on your trades. Here is an update for GBP/USD, envisage for PRICE BREAKOUT. It would be a great idea to BUY on 1.29699 and place your TARGET at 1.30199
Buy above 1.2830. Stop loss at 1.2791. Take profit at 1.2923. Reason for the trading strategy (technically): Price is approaching major support at 1.2830 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a nice bounce above this level to at least 1.2923 resistance (Fibonacci retracement, Fibonacci extension, horizontal...
Sell below 1.2531. Stop loss at 1.2621. Take profit at 1.2378. Reason for the trading strategy (technically): Price is testing major resistance at 1.2531 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance, descending resistance) and we expect to see a reaction from this level for a further drop to at least 1.2378 support (Fibonacci...
Buy above 1.2415. Stop loss at 1.2250. Take profit at 1.2850. Reason for the trading strategy: We turn bullish above 1.2210 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to 1.2400 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing strong support above the 7.9% level...
Buy above 1.2415. Stop loss at 1.2250. Take profit at 1.2850. Reason for the trading strategy: Price is at our buying area once again as we remain bullish above 1.2415 (Fibonacci retracement, Fibonacci projection, horizontal overlap support) to play a bounce up to 1.2850 which is our long term resistance. From there, we can expect a bearish reaction. This is...