GBPUSD break through the support. Price continue its downward trend.
gbpusd seems bullish but it is down for shotterm down gbpusd and then boom up so stay alert and trade accordingly it needs to fill the gap.
GBPUSD buy now at/above 1.25147 . Good luck traders! disclaimer on.
I will follow up on M5 timeframe this is a simple reversal trade if all conditions are stable for an entry
Consider the development of the South Impulse in the supply area. The target is - POC. GBPUSD - SHORT ENTRY PRICE - 1.41200 SL - 1.42050 TP - 1.39480 Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
ANTICIPATING BULLISH DOLLAR FOR MONTH OF JUNE AND A POSITIVE NFP AND UNEMPLOYMENT REPORT FUNDAMENTALLY AND TECHNICALLY LIQUIDATING SWING HIGH AND FORMATION OF HIGHER LOW AND METIGATION OF STOP HUNT
What appears to be forming is an expanding channel flag formation, anticipating large movement to the upside
Based on my analysis and theory, I assume price will start to climb when it get down to the 61% fib area and support level, Going up back to the resistance weekly key level Trade at your own risk, This is my personal view.
Traders, Cable is making a very nice bearish turn, so be aware of more downside after a corrective rally in three waves. Get full details in our video. Please like and leave us a comment below. thank you. GH
GBPUSD has made a double bottom structure at Daily support and we have a structure break of the neckline with a MA crossover indicating a bullish volume entering the market.
Again this pair talks about brexit and how UK will handle it properly. I think that before the Oct 31 deadline, the market will play on the technical basis then may create a push up to cash in the profits while people will wait on the brexit deal. For now, I believe we play technicals and follow the trend. Simply down trend.
I see Gbpusd to hit the lowest point this year! Strong sell
Here we can see : Downtrend line has been broken Divergence Price nearing MA's(Once crossed extra confirmation) Reversal pattern(Engulfing bullish candle) Nice opportunity for a buy
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-3 days Actions on - A – Activating Event Market will meet resistance in zone @1.331 - .... and fall to the @1.30. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.30 FX:GBPUSD...