trading idea and price prediction for British Pound/U.S. Dollar (FX:GBPUSD)
Hi guys, we have a T Rex on the GBPUSD, but it's upside down. Remember, these patterns usually break to the upside, so that should give us a break to the downside on this pattern. I will sell a clean break below support. I know that everyone is trading the daily channel on this pair, but these T Rex patterns are pretty constant. We'll see. This is not investment...
Hey guys, today i want to share with you an harmonic pattern formation that i think may be interesting in the next days. On the GBPUSD we are consolidating and ususally when this market condition occurs there are a lot of patterns that appear on the charts. Make sure your stop is below X, and targets could be set as i illustrated above, at the .382 and .618...
Buy above 1.2415. Stop loss at 1.2250. Take profit at 1.2850. Reason for the trading strategy: Price is approaching 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...
Double top, multiple rejections. Pair looks short.
Hi guys, my GBPUSD went in and out of profits all night, then got stopped out. After some sleep and fresh eyes, we can see a strong area of resistance forming around the 1.2530ish area. This is sort of a channel trade (with an ugly channel). We have strong support around 1.2480ish. I am short (prices marked on the chart), but the real trade to catch will be a...
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,
Hi guys, the GBPUSD has a short term channel. Many traders feel that this last move was a consolidation before the next long term bullish move up. However, almost as many traders feel that this last move is the beginning of a reversal back in the longer term bearish direction. I will wait for a break out of the channel before trading. I will buy a 'confirmed'...
Time for a correction before further upside
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
Hi guys, the GBPUSD is decidedly bearish right now. We have a nice clean bearish channel to trade from. My plan is to sell a bounce off of the top of the channel and then ride it down to the bottom. If we get a trade, I'll update this post. Plan B (and not my favorite) - If price break above resistance I'll probably leave it alone unless I get a very clear sign...
IS CLEAR YOU CAN SEE THE H&SH FORMATION AND ALSO THE DOWNTREND THAT HAS STARTED SO I AM WAITING IT @1.24150
Hey guys, this morning during my analysis i've spotted this nice opportunity to sell the pound against the dollar. Not often it occurs to see such a good confluence. So i thought i could share with you this outlook. As you can see above on the pound price is testing a daily structure level (blue rectangle ) that happens to be also a psychological number and the...
There maybe a uptrend today. Entry price - 1.25236, TP - 1.25437, SL - 1.25036