We are longing this pair based on : - Broken trendline. - On major and last support. - Broken minor trendline within our major trendline. - At the bottom of the channel. - Broken trendline in RSI Divergence.
Many people saying GBPUSD will continue going up to 1.30 or 1.32. i doubt that. i dout that very much . Im thinking 1.28- 1.29 will be big resistance zone for GBPUSD zone . im going to sell GBPUSD around 1.28-1.29 . sl 1.31 and my target will be 1.25 and next one will be 1.24
While the U.S. dollar is expected to rally across the board should Hilary Clinton win the election, we are looking for a surprise when it comes to the GBPUSD pair. The British pound has been grossly oversold over the past couple of weeks and we see the rally last week as only the beginning of a broader correction. We would be buying the pair at 1.2355 looking for...
Buying once we break the trendline, you can also buy after the pullback.
Wait for beak on sky blue lines either up or down i will follow the trend in short term. Trade with your own risk.
GBPUSD has continued its bearish run as per our previous analyses and is now heading towards our latest TP point. Price has just broken lower through it's downtrend. We expect demand to pick up once again at the Major Support Zone where there may be a potential reversal trade if price can break back above. If price fails to reverse, GBPUSD's recent historic low...
GBPUSD has just it's 4th leg on an M formation, with price reacting perfectly to our previous prediction. We have taken profit from our trade long to resistance, and now wait to see if price breaks through support or bounces back upwards. Interestingly, the 200 MA is sitting near the Support Level at the moment adding an extra layer of buyer demand. However, with...
Price is at an interesting point currently on the GBPUSD 1H Chart, sitting at a local support level. A break of the local support level would warrant movement towards TP Zone 1. A bounce off the support level would see price move to the Resistance Level. At the resistance level price may then breakout yet again and travel towards the Long TP Zone. However, we...
Long GBPUSD based on MACD divergence on daily chart Also retest of previous support (now resistance) is possible Also the same area is Dynamic zone ( SMA30 & SMA50) which will offer fresh short opportunities for long term
Pattern within pattern, yes it is. We have Bullish Gartley pattern within triangle pattern, so I'm expecting a bullish move to upside till 1.2222's & depending on what happens in the zone GBPUSD may to 1.2325's. But there is so much of bearish sentiment in Gbpusd so, a downside breakout from triangle will be awesome. Check your tradeplan before taking any trade...
Note and Remember this idea is technical not fundamentally , According to Techincal , It`s down move 3000 pips and make flag pattern and then it`s down 3000 pips also reached and now flag pattern complete , Now time gbp going up ,,,,,
GIVEN THE UPCOMING NEGATIVE BREXIT NEWS, I BELIEVE WE ARE SEEING THE 'BIRTH' OF A LON SHORT TREND. 'JUMP ON THE BOAT' FROM THE PREVIOUS MARKET LOW OF 1.23500.
Some news for GBPUSD Bulls ... Check on the 15 minute chart ... A PENDING Falling wedge/Descending Triangle is forming on tentative supp ...It could break out and hit./target the marked TL areas ...depending on the strength but this will be more correction than impulse .. Im getting increasingly BEARISH on the POUND ...as we go along ...