GBPUSD History always repeats itselfHistory always repeats itself, especially in the markets. This isn't the end of Cable yet, but it will come.
One more spike to the upside to take out the shorters and way down we go.
Cable
GBP/JPY Signal - GBP Retail Sales - 21 May 2021GBPJPY is trending to the downside today prior to the GBP retail sales data, which measures the total receipts of retail stores domestically. Technically the pair has done a break and retest of the support trendline, and the PPO is doing a bearish cross. We anticipate a retest of support at 153.35.
Strong Bearish Setupafter a false breakout of the cable on the 4h chart, i think it's the best time to sell the GBP USD, next target it will be the high on the uptrend.
Good Luck
GBP/USD, bullish continuation🧙🏻♂️CABLE is on a nice bullish rally. As indicated on the chart, the price has come down to re-test the previously broken structure before continuing its move to the upside. We are looking forward to opening BUY positions around the circled area and aim for the moon😈
Gbp/Usd : Inevitable stop loss cluster hunt 1.4400 handle ?Gbp/Usd is trading inside the Strong Rectangular range since the Brexit, lacking essential catalysts for an upside breakout/Central bank keep intervening it to support the economy. On daily TF, price is approaching the strong resistance around 1.4200 and likely to make 150-200 pips high to clear the cluster of stop losses / Speculative Sentiment Index is around 30% on an average. Having said that, it is not that easy for the price to break upside range invincibly without any strong economical or geopolitical catalyst. Hence we are expecting a phase 1 retracement towards the 23.6% fib around 1.3560 once the above mentioned stop loss cluster of 1.4400 handle is cleared.
Daily Trend : Up
Major Trend : Range
Signal : Sell Limit @ 1.42xx-1.4400
Stop Loss : 1.45xx
Target : 1.3560
GBP/USD – Week 20 – Bullish sentiment to resume.As we anticipated in our last week’s outlook, GBPUSD started to drop from the channel upper line.
For this week, we expect the price to break the top, but not in a straight line. This move could turn out to be very slow.
Keep an eye on Wednesday’s UK Consumer Price Index data as it could create some volatility.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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GBPUSD (CABLE) LONGi see the wave of market and market condition is says price go higher. now at this time projected price are 1.4466
GBPUSD SHORTIf price breaks and closes below support level. Next we can expect price to continue down to Basline support level of higher timeframe H & S structure.
Sell, GBPUSD 1.40000 Rejection. Reversal before long.First-time publishing, South African, been trading for a few years. Please like, share, and follow.
Daily - Double Top formation at key level 1.40000, rejection.
4hr - Shooting star candlestick - this is most effective when formed after a series of 3 or more consecutive rising candles with Higher Highs are formed which is a strong confirmation for a reversal.
1hr - Candle rejection at 1.40000, closed bearish and below previous candle.
Current Sell at 1.3950. SL secured. Trailing stop.
Sell Stop set at 1.39800 and TP will be 1.39350.
Cable At A Critical Level, But Still Have Bullish PotentialMost USD pairs are at a critical reversal level as evident on GBPUSD also. The pair is facing some selling pressure, however the bullish sentiment is still high to overcome the resistance level and further push the pair to February Bearish Order Candle at 1.41000. Price was rejected at 1.41 before and most likely it will similarly be rejected IF GBPUSD rally to this level.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GBPUSD - CLEAR TRADE FOR THE 1ST TIME IN WEEKSI've left the pennant on to show an important area broken by GU on Friday with the bad NFP numbers.
This would be a really clear and simple trade, clean traffic, break of the consolidation period, overcome the resistance and would negate the 61.8% plotted if we close above.
GBPUSD - 160 pips Banked💰💰💰- UpdateHello Traders
Congratulations to everyone who took this trade with me 👏
Congratulation on the USDCHF shorts too another good 100pips👏💰
It was a wild ride but we got through and the news worked in our favor
I know some of the members have not yet taken profit due to different brokers but don’t worry 1.40 will be hit
God bless you
I wish you a happy weekend and be rejuvenated as we start the new week next week
Stay blessed
Slick⚜️
GBP/USD – Week 18 – What’s next?As we anticipated in our last week’s outlook, GBPUSD continued to test the resistance and made a pullback that we anticipate to push the price higher after the latest drop.
For this week, we expect the price to correct and break the resistance area that we highlighted, having a chance to go beyond the $1.40 level.
Keep an eye on Friday’s NFP & unemployment rate data as it may impact the pair.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBPUSD Watching for High Base set upWatching for a potential High Base setup on GBPUSD
I trade with trends, longer term & breakouts so not looking for short positions currently on this pair. Looking for a long entry on breakout of consolidation. If price breaks to the downside will eye up potential long entry nearer the 200 EMA.
GBPUSD H4 - Short SetupGBPUSD H4
This is the basis my GBPUSD short was taken from, nice initial rejection during volume open for our EUR/LON session kickoff, 1.39 is holding as resistance nicely so far.
Really want to get this bulletproofed and see a nice 15-20 pip dip, currently flirting between 5-15 pips profit, but need to squeeze a little more out hopefully. Manually monitoring anyway.
Cable short setupI see Rising wedge pattern- bearish reversal sign, and a resistance area. I'm anticipating it to come down back to the bottom of the range
WHAT A GOOD DAY TO SCALP !!!!!!!!GO TO 1M AND 5M TO UNDERSTAND IT BETTER
USUALLY DONT SCALP BUT HOW CAN YOU MISS AN OPPORTUNITY IF ITS IN FRONT OF YOU /////////////// AND IF YOU ARE NEW TO TRADING JUST PLEASE DONT DO THAT IT WILL BLOW YOUR ACCOUNT.
50+ PIPS BANKED FOR TODAY.
JUT USE PRICE ACTION TRY TO SYNC WITH THE MARKETS.
STOCH RSI I USE IT FOR POSSIBLE PULBACKS STILL ITS AN INDICATOR BUT PRICE ACTION WITH THIS INDICATOR IS MIND BLOWING
GBPUSD - PREDICTION Would have been a really good buy off the support and fib area but stick to the trading plan and we don't do Bank Holidays.
This is the best trade on GU, clean traffic to the left and will have clear bullish intent once broken the pennant and April highs. Also would break the key 1.40 level and good to 1.42 from there. Expect some chop for a few days as the day umms and arr's about the depth of its corrective phase.
Don't forget next week the UK indoor hospitality re-opens, further aiding the economy.
BUY GBP/USD (GO LONG ON THE CABLE), WE GOING LONG ON THE Cable this week, all levels included in the analysis. please make sure to secure profits by setting target levels and stop levels.
GBP - Cable: Are you going to move anytime soon?GBP - Cable: Are you going to move anytime soon?
GBPUSD - I actually like trading GBPUSD a lot. I know there's a lot that found it frustrating due to Brexit times and all the other aspects we have to take into account but as I live in UK I find it a comfort to trade GBP - I've had questions given do you think what's happening with Boris will affect the GBP and the answer is a no. The market does not care as it isn't as a big scandal to take into account to shift GBP focus. We've been in a range for a while and including myself it's been a tricky pair, I've had to day trade due to it being a choppy market for now. I am still a firm believer we will head higher, since start of this yr and last yr due to dollar weakness but whilst looking at GBP I do tend to put my focus on EURGBP and even that pair is trying to find which way it should shift. The best advice I can give you whilst trading GBP and other pairs for now: Trade what you see, not what you think. 1hr-30min Time frames have speeded up my day on day trades rather than swings set ups.
GBPUSD - Technical view
Support: 1.39346, 1.39234, 1.39035 (200 & 50 EMA are key support areas at this current moment of time)
Resistance: 1.39738, 1.39875, 1.40075,1.40255
Pattern: Wedge (longer term) Bull flag/smaller wedge (Shorter term)
Key Tip: Question to ask yourself whilst planning your trades - What kind of environment are we in?
Best of luck!
Trade Journal
Just a trade idea, not a recommendation
