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Buygbpusd

Kenji signals: buy GBPUSDToday, the indicator "Kenji" on the daily GBPUSD chart generated a buy signal. Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume . According to the indicator, the price of GBPUSD is currently in the active uptrend phase (the area between the fast and slow averages is colored blue). At the same time, current prices entered the buy zone, which led to the formation of a "buy" signal. The long position remains relevant until either the market conditions change (for example, the uptrend changes to flat or downtrend), or a signal to close it appears (a blue cross indicating a sharp divergence between the price and average values). Recall, work in a trend is one of the most comfortable and potentially successful trading options. For reference: The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, numerous changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness. The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat). It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a handy tool both for novice and experienced traders.
Long
by Trade24Fx
GBP/USD - great risk-to-reward for a longterm buyGBPUSD has hit a lovely energy point right at the cross. Also on the horizontal line very close to the last major bottom. Plan is to go long here and hold for different TP's depending on one's ability to hold medium or long term. Stop Loss should be placed below the downsloping Median Line and also a bit below the last major bottom, in case of an overshoot of the ML (which is not rare on very big timeframes). Trade is Long GBPUSD cmp (1.24600) Stop Loss: 1.23000 TP 1: 1.29400 (take some profit and if one chooses to hold the rest put SL above BreakEven) TP 2: 1.34400 (take most profit and SL of the rest at TP 1) TP 3: 1.38300 (low risk / low chance target at the point of hitting TP 2) As always, one shouldn't risk more than 4% of his/her account. These positions are by no means a sure win, they are derived from analysis and are not signals and tips. Trade on your own due diligence. Thread carefully, Nick
Long
by NickBlack
MIRROR LEVELS: Very Interesting set-up in the ChartThis is a very interesting chart. I made this chart way back in February when Pound started rallying. Back then it helped me predict the peak around 1.3350. However, I didn't pay too much emphasis on this chart. Even in March, it helped me predict the Peak. Now, if you notice, as per this "interesting chart", the LOW is around 1.2870. And well, price has managed to bounce once again. So, if this works like it did in the previous times, we can see a rally upto 1.3550 in the next couple of months and probably, we have seen the lows.
by TraderAvDM
4
"IF" descending Triangle Breaks Upwards, BIG BUY on GBPUSDDuring the last 3-4 weeks, we have been seeing a subdued price action on GBPUSD due to lack of any Brexit related Headlines or meaningful progress. However, looking at the H4 chart, you can clearly identify three things: 1) A DESCENDING TRIANGLE indicated by the light pink area in the chart. 2) A strong resistance trend line(royal blue line) which has stopped the rallies in GU multiple times. 3) A support zone(yellow rectangle) which is VERY STRONG. It has managed to stop the fall 6 times(indicated by green arrows). f you like this idea, please encourage me with your thumbs up. I appreciate your valuable comments and feedback as well. To receive daily signals, ideas and updates, don't forget to check my signature at the bottom of this idea. Based on these factors, there are two distinct possibilities: 1)Bullish Case: The support zone holds, price breaks the resistance line(blue line), consolidates above it and then moves towards 1.33. 2)Bearish Case: The support zone breaks down, and the price continues to go down. However, I prefer the bullish case and I will explain it in a moment. For the BULLISH scenario, aggressive traders can BUY between 1.2980-1.3000 and set TPs at 1.3080, 1.3150 and 1.33 respectively. SL should be placed below 1.2920. Conservative traders can wait for the price to break the trend line(blue line) and BUY after a successful retest. (I have indicated it with arrows in my chart) This is the daily chart. As you can see, we have a Golden cross on the daily chart which is usually a very bullish sign. The Golden cross happened around 1.2920. So, as long as price manages to stay above this, we can continue to look for "BUY ON DIPS" trades. NOTE: The last time a Golden Cross happened on GBPUSD, Price rallied almost 1800 pips that year.
Long
by TraderAvDM