trading idea and price prediction for British Pound/U.S. Dollar (FX:GBPUSD)
This is my current Setup on GBP/USD. Waiting for price to reach entry level 1.2440 again to trigger the SELL.
Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356. Reason for the trading strategy (technically): We remain bearish below 1.2546 resistance (Fibonacci retracement horizontal overlap resistance) for a push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low support). RSI (34) is seeing strong descending resistance holding...
Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356. Reason for the trading strategy (technically): Price has bounced and reached our profit target from yesterday. We turn bearish below 1.2546 resistance (Fibonacci retracement horizontal overlap resistance) for a push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low...
Telah Mengalami Koreksi Yang Sangat Tajam, Hari Ini GBPUSD Akan Kembali Down Trend Hingga Level Terbawah,
Buy above 1.2433. Stop loss at 1.2330. Take profit at 1.2563. Reason for the trading strategy (technically): GBPUSD has touched our entry level and is bouncing nicely as expected. We remain bullish on GBPUSD above major support at 1.2433 (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a bounce up to 1.2563 resistance (Fibonacci...
There is an downtrend in GBPUSD. Set Entry level as 1.24413, TP - 1.24093, SL - 1.24713
Buy above 1.2433. Stop loss at 1.2330. Take profit at 1.2563. Reason for the trading strategy (technically): We prepare to turn bullish on GBPUSD above major support at 1.2433 (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a bounce up to 1.2563 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3)...
I'm not quite as certain about this as I am about my EURUSD analysis. There's a lot of uncertainty in play for the British Pound right now. However, I don't currently have much confidence in the US dollar. Now, this pair could possibly reach as low as 1.23150. However, my buy limit will be right on the 0.50 on the Fibs at. 1.23900. I'll be sure to leave margin...
Looking ahead a turning point / entry is starting to form. Depending on what's going to happen at 128000. I am leaning towards short. Still think the dollar has more strength, but not worth betting, better be sure and be patient to see what will happen.
There is a volatily in GBP / USD. There is an uptrend. Set entry level - 1.26699, TP - 1.27204, SL - 1.26199
There is a downtrend. Set Entry price - 1.25705, TP - 1.25398, SL - 1.26105
IS CLEAR YOU CAN SEE THE H&SH FORMATION AND ALSO THE DOWNTREND THAT HAS STARTED SO I AM WAITING IT @1.24150
Trade Parameters: While the 4 hour charts hint at further short term weakness, the dailies remain constructive, so leaving some room on the downside to buy a dip does appear to be the plan. The 100 DMA and Daily Cloud base, both currently at around 1.2485 but falling fast (chart below), the rising daily Tenkan (1.2465) and the minor rising trend support...
Good evening traders! Here comes another analasys of mine Enjoy. Who is in charge? That is a very intresting Question that allot of people are asking themselfs right now.. and this is because the sellers are actually in charge if you look att price action from the top left of the screen to were we are now. and because we are looking bearish right now alot of...