It is very likely that we see a strong push to the upside to tackle this previous resistance that was only purged once. Plenty of money is sitting above it, always remember, prices move to where orders reside.
GBPUSD - Sell Setup for next week.
Price rallied throughout the year, but with DXY getting stronger we might see GBPUSD back to 1.32 area.
So keep an eye out and if it works with your strategy.
Trade with care.
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on GBPUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please...
GBPUSD heading its way back to pre brexit prices with a clear break of the weekly trendline now all signals creating a long should be taken with a target of the psychological price point of 1.50 as a target.
This pair is creating bearish market structure suggesting the trend is down for now.
I would like to see a pullback into the 'rejection box' marked before we attempt to sell-off into the next key psychological level.
Ideally, I want price to follow the arrow marked.
Or are you just happy to see me? ;p
Oi Oi keep it PG! I dont want to get banned haha.
I dont really like trading this pairing at the moment as i can only see massive weakness coming for GBP and USD with the economy the way it is, so my views are this pairing is going to be rather unpredictable this year, 2 weak currencies going at each other.. Anything could...
Already holding a long on this but for another entry opportunity you can long from this support providing it holds. EMA's are close to crossing, if price rebounds from this level and EMA's stay long then this should be a safe entry. MACD remains very bullish despite retrace. Setting a short term target of 1.40 then can wait for retrace and re-enter a long with a...
Looks like we have had a double bottom on GBPUSD on the MONTHLY.. Price has broken resistance and i expect a retest of the neckline before continue to go to its next resistance level..
We can probably expect a big retracement from the next zone but we can take profits at that area if we choose too
Expectations are a decline.
Instructions - if trade flat or has not moved in the next 24 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Seeing a retrace to support after the breakout which is to be expected. Anyone who entered longs on my last post for this pair should still be good to stay in their positions. Looking for it to retrace to the highs of the previous resistance around 0.618 Fibonacci would offer the best entry.
Target remains 1.4000
SL can be just below 0.786 Fib
This has broken the previous high. If you are not already long on this then wait for a pullback to test the previous resistance which will now act as support. A long can be entered here with a target of 1.40
We had a huge GBP pump as expected alongside the data release. Sellers had taken over the sentiment and it was time for banks to wipe out the majority of selling. I still think the price will get pushed above the previous highs before another dip down.
Several long positions have now been closed introducing sellers into the market, let’s continue to target the...
The GBP is correcting across most pairs, this offers the chance to add long positions or enter longs if not already in them. I marked out 1.37948 on this previously as a possible area of resistance and it has pulled back just short of here. I have marked out the lower trendline as the area to look to add long positions. I expect the downward move to slow down now...