Hello Traders, 🙋♂️🙋♂️🙋♂️
Here we have a
GBPUSD long trade idea. If you like this idea please show your support!
GBP
The Pound (GBP) has surpassed our weekly low since the end of September and is approaching our next structure level below. We are expecting a possible reversal at this structure level which we don't want to miss! We can see similar price action in other pairs.
ThisGBP weakness can be seen across other GBP pairs, for example 
GBPAUD below :
We have 2 possible outcomes for this pair similar toGBPUSD. Both scenarios are supported in both pairs but we can analyse GBPAUD to figure out whether Scenario A or B will play out.
USD
United States Dollar (USD) weakness can be seen as price has hit resistance on its bull run. On the chart below we can see price has hit our structure level and trendline. Comparing this to reversal patterns we can see a possible shooting star forming which is a clear reversal indicator. 🌠🌠
DXY weakness
If you want to improve your trading, do not hesitate to send me a message! 📲
Please trade with caution and make sure you set your stop losses! Happy Trading 😁
Be sure to check out my other ideas below!
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Here we have a
GBPUSD long trade idea. If you like this idea please show your support!GBPThe Pound (
GBP) has surpassed our weekly low since the end of September and is approaching our next structure level below. We are expecting a possible reversal at this structure level which we don't want to miss! We can see similar price action in other pairs.This
GBP weakness can be seen across other GBP pairs, for example GBPAUD below :We have 2 possible outcomes for this pair similar to
GBPUSD. Both scenarios are supported in both pairs but we can analyse GBPAUD to figure out whether Scenario A or B will play out. USDUnited States Dollar (
USD) weakness can be seen as price has hit resistance on its bull run. On the chart below we can see price has hit our structure level and trendline. Comparing this to reversal patterns we can see a possible shooting star forming which is a clear reversal indicator. 🌠🌠DXY weaknessIf you want to improve your trading, do not hesitate to send me a message! 📲
Please trade with caution and make sure you set your stop losses! Happy Trading 😁
Be sure to check out my other ideas below!
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Trade closed: stop reached
Stop hit, Reentry where price respected trendline
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.