This pair has been ranging in between 125.400 and the 128.200 since the year began. If price keeps reacting the way it has been at these levels we are likely to see price increase, especially after the recent liquidity sweep. Let me know your thoughts on this trading idea.
still up for me in gbpusd The trend is always your friend, my plan says that today we are going to go up.
Entered a long position at 1.22480, after the recent run from November 1st-6th. I waited for price to come back down into what I saw as a demand zone ranging between 1.22674 & 1.22316 to fill that bullish price movement that took place between the 3rd and the 6th. I'm looking for price to continue to the upside reaching 1.24282. Good luck traders, let me know...
I mark the sequence of my analysis. The conclusiom is toward upside with clear invalidation level for this scenario. Trade with care. May the pips be with u. Anyone shares the same thought?
Hey traders, in today's trading session i'm are monitoring GBPUSD for a buying opportunity around 1.21455 zone, once I will receive any bullish confirmation the trade will be executed.
GBPUSD has formed a symmetrical triangle up chart pattern and has created a new resistance area at 1.16423. And now GBPUSD is being corrected in the support area of the old resistance. And there is a possibility that GBPUSD will continue rising and create a new resusgance area at 1.16845 👍 So now I'm going to open a trade: BUY GBPUSD in the area of 1.14837 Take...
The GBP/USD has been falling for a month now and globally since last summer. The decline in the pound led to its strong oversold. There are bullish divergences on the charts of different timeframes. We think it's time to buy the pound against the US dollar. The divergence signals of H1 and H4 charts suggest an upward movement within a few weeks. If the situation...
GBPUSD is on the way for a pullback before reaching our final zone of 1.36000 let me know your thoughts. Please check my previous analysis on AUDUSD, its doing really well since analysing this way, understanding market structure, price action trading, institutional trading and patterns.
ok...........GBPUSD currently tested its new highs in a long time now after the long term down trend due to the economic instability in pounds and to the advantage of dollar ,creating a break in structure (downtrend). currently on a retest at key support zone ....obviously the banks are involved in the upward momentum of the market ...(impulse upward )....on...
Markets is largely expecting the BOE to hike Rates in the December meeting. the positive print in the inflation data this morning further fuels the expectation of the 15 basis point hike to be this coming meeting. we are expecting the BOE to disappoint the market hence we have a very bearish bias on the GBP currency. technically we expert a completion of a WXY...
Buy Pound when price gets to 1.3350. This looks like a great point to go long. Use proper money management
any pullback on the pair GBPUSD will be a good opportunity to long. if you are a risk taker you can start buying from current levels however do a correct risk management because we might see a 3 waves pullback as wave (2) before the surge can happen. will look closely into this trade because if we completed the corrective cycle the upside potential is hugeee!!!
We have just hit demand zone and we are also retesting a channel so a buy is probable
Continuing bullish momentum into higher levels temporarily, complete fibonacci retest then create higher highs.
mid bullinger band expecting long above 200 and 50 ema
buy gbpusd.. looks like the abc correction has ended with price forming a double buttom at 88.3% of the fibonacci.( u can refer from from recent gbpusd setup.) however we maintain the same stop loss if price moves further down the double bottom.
buy gbpusd at 88.6% of wave a(that's the region wave b is expected to end, that is wave b cannot exceed 100% of wave a). wave c is then expected to be bullish to at least 0.618 of wave a (tp1). that is over 400pips. tp2 is over 600pips, tp3 is over 1000pips and tp4 is over 1500pips. and the stop loss from entry is less than 100pips.