Nice GBP/USD Sell setup with the trend from the resistance area to the green level as a first target. Good luck.
Time Frame: 4H Symbol: GBPUSD Bias: Long There is a room for upward movement in GBPUSD. The intraday price action seem to be within the predefined range but technically it is a lot of pips that you can catapult within the range.
Despite long-term Bullish expectations on this pair, the Pound appears to be on the verge of a slide amidst Brexit trade deal worries. The identification of reversal candles in the last days of last week trading session is a reflection of the news informing the possibility that the European Union could terminate the post-Brexit trade deal if the U.K.'s...
Dear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible I said in the last weeks ...just like EURUSD , GU reached target 2 and made the 700 pips that I have been talking about in the last months and now it is time to do a...
Symbol: GBPUSD Time: 4H Bias: Neutral Analysis: The price is consolidated and congested. There can be an up or down strong price movement depending upon primary data . A good breakout trigger can be done to exploit the potential volatility .
A very nice gbpusd short setup can be seen in 4H chart. This is a high probability setup and can garner some nice pips. Let's see what happens next week. All the best.
The pair has been trading within a Channel Down since April 30. Today it is rebounding after coming the closest to the bottom (Lower Lows trend-line) of the Channel Down since July 20. This is a short-term buy signal on its own with a 1.3750 Target (the short-term Resistance). On a more longer term perspective though, we can see a similar fractal developing as in...
Usually the Death Cross is a bearish formation. When formed, it should be received as a sell signal on an upcoming bearish reversal. On GBPUSD though and the 1D time-frame in particular, the last time a 1D Death Cross was formed was on April 03 2020, after the COVID crash market bottom of mid March. Interestingly enough even the Golden Cross patterns have been...
It is over 250pips move in our direction since my last publication (see link below for reference purposes) and the appearance of a strong reversal pattern (Double Bottom) at this juncture in the market suggest a trend reversal is unfolding as price continue to find higher-high since hitting a bottom @ $1.36000 a couple of times. The British pound spiked a bit on...
How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and...
With over 60pips move in our direction since my last publication, the character of price action during the course of last week trading session appears to have shed more light on the direction that the majority are heading as price broke and closed below our previous key level @ $1.39850. As multiple rejections of our previous neckline @ $1.39400 (see link below...
We are yet to take a position since price action negates the Bearish expectation projected in my last publication on this pair (see link below for reference purposes) as price broke out of the Bearish trendline to find a new high. The current structure appears to have clues that support selling opportunities as the price is at a zone that has accumulated bearish...
Slow markets call for widened s and r zones and trail stops. How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at...
GBPUSD buy Idea for Uptrend Enter the trade after closing the price above 1.3897 in M 30 Bar
With over 300pips in our kitty as predicted in my last publication (see link below for reference purposes); the Price is back at around $1.38ish - a level I advised that we add sell position ( see previous publication). The successful Breakdown of Key levels on the 18th of July 2021 emphasizes a risk of further decline in price for the Pound in the coming...
Welcome back Traders, Investors, and Community! Hi Traders, GBPUSD on H1 has formed a reverse Head & Shoulders. It has already broken above the Neckline, so all we expect is that it goes up. ⬆️Buy now or Buy at 1.3776 ⭕️SL @ 1.3714 ✅TP1 @ 1.3844 ✅TP2 @ 1.3913 ✅TP3 @ 1.4000 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really...
Pattern: Channel Up (Fibonacci) on 1D. Signal: Buy as the price is printing a short-term Lower Lows sequence which is similar to the bottom formed on September 23, while the RSI is rebounding off a Double Bottom formation. Target: 1.4200 short-term (the Resistance) and 1.4800 long-term (the 2.0 Fibonacci extension level). ** Please support this idea with...
It has been over 300pips plunge in our direction since my last publication on this pair (see link below for reference purposes) and it appears we are in the middle of a correction phase that might incite a further risk in decline for the Pound in the coming week! It is obvious that the British pound rallied a bit during the course of last week trading session but...