Cable
GBPUSD LONGPossible setup for me to go long on GBPUSD once i see some good rejection for some buliish move with my target at 1.4000 and also i need to see some weakness in dxy and EG as some confluences
GBPUSD | Range | How To Work ItLooking for buys within this range at the moment. Things are looking like what we spoke about in this week's market prep.
Ideal scenario
We attack buy-side liquidity, then we see a minor sell-off from UK close to Asia Open.
Right now the activity within this range looks bullish because we have a void above price and the price has been clearing the sell-side orders.
This means the buy-side should be cleared next.
Price is like Pacman, all it wants to do is eat orders.
I'm actually still bearish overall on this pair at the moment, depending on how this progresses things could change, (targeting 1.3800)
I wouldn't be surprised if we retraced all the way up to those two red zones, then see a heavy dump off,
Keep in mind GBP has some red folders on Thursday morning. Might be safer to work within this until then, then let the news do its thing.
$GBPUSD - LONG (NOT TOO LATE TO JUMP IN)I GOT IN AT 1.38997 ON MY Channel with my students watching. It's moved since then but there is ultimate goal as there re so many upside liquidities to this. Jump in now and you cn scalp at least. few along your way. I have it all laid out here
$GBPUSD - Long, Take Profit (You Tube Video)It's bout 30 pips in from the announcement of entering. long on GBPUSD. I would Suggest taking seom profit now. 20-25%. Move you S/L up a little to protect your position.
Multiple Take Profits along the way until the ultimate goal 152.604
GBPUSD Price TargetThe Fibonacci extension tool shows us that the next price target, in the short term, is going to be at least 1.403
GBPUSDHello traders😌⚜️
Congratulations to those who took my recent GBPUSD scalp, now we are geared up for the swing
This is my outlook on this pair🎯
Let me know what you think down below
Have a profitable trading day💸⚜️
GBPUSD Still Targeting Strong Support Before The Upside RallyAfter the first "a-b-c" corrections, Cable still have more corrections before the upside rally can commence...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GBP/USD - More Downside Potential Imminent?We have been bullish on the USD for some time now.
We've seen a break of our ascending channel and key level in the market in the latest bearish 4HR.
Right now we're seeing some rejection of 1.38.
Be careful trading this market today with NFP figures out!
Technical 1h Swing GBPUSD Long 1:14Expectations are a rise.
Instructions - if trade flat or has not moved in the next 24 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Entry: Market
SL: 1.39630
TP: 1.41484
GBPUSD - BullishGBPUSD in a significant uptrend, with the pound showing strength today across the board. D1 timeframe illustrates the overall bullishness more obviously.
Price has managed to close above the H1 100 and EMA, and so 1.4000 seems reasonable to reach at some point today.
As illustrated on the chart, the 1.4000 psychological level is acting as a noticeable area of support/resistance. If momentum can break this then I believe we can move much higher. the 1.40857 area then appears to be the next level to watch.
Let's see how this plays out!
Where Next For GBPUSDCable has done what we wanted since calling longs last year to $1.40s after Brexit had been sorted. Now it's rangebound at the highs. So can look to trade this range or patiently wait for price to make its next big move. There is certainly potential and scope for $1.50 so am sure Traders will be reviewing this providing USD Index remains Bearish this year.
EURUSD// Long OpportunityReasons not to enter...yet:
1. Haven't had the daily reversal close yet.
2. News hasn't been released yet, and it could be the opposite of what is expected.
3. Possible liquidity grab before continuing up.
As of right now, these are the only reasons I could see that would prevent entry. In terms of news, it is possible that expected results might be exaggerated in effort to force a spike or surprise. However, I for EURUSD, I don't think there will be any surprises. I couldn't find much reasons not to enter...this seems like a good buy.
Let me hear your thoughts.
Previous Analysis linked.
GBPUSD - LongGooood morning ladies & gents.
Price has corrected down to the D1 Bullish OB. The IoF is still bullish therefore long is the favourable direction to trade in.
Price has induced past PDL followed by presenting me with a signature reversal structure going long. I'm looking to trade this up to PDH for an RR of 1:5.
Peace & Love,
- AmplaFX
GBPUSD - THIS WEEKweekly, daily, 4hr. all key here.
Weekly shows that for the 2nd week in a row, price rejected the 1.40 level.
Daily is showing good corrective candles.
4hr is showing a small zone of support, but I'm more interested in the daily below which would be the safer buy for the next impulse.
IS CABLE FALLING TO H4 OR DAILY TRENDLINE?After a nice rally up, cable now pulling back to find a good support level. Will bears push the pair down to the rising H4 or daily trendline?
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GBPUSD SETUP 1:5This is simply just an updated and more detailed version of the previous GBPUSD setup.
Looking to take this position next week and hold this position for the whole week in order to catch all 240 pips.
GBPUSD may have bearish finishing for feb, 26/02It looks like strong USD capable of keeps the gbpusd under bears control
GBP - 🐂BULLISH but for how long? 🐻Hey, I'm back!
It's been a while took some time off the screens, I am happy and proud of my longer term positioning within GBP taking hits on profit targets - longer term target before 1.43 areas, and I did state yr ahead outlook I am thinking 1.47-1.50! Nice monthly area. In my year ahead outlook for 2021- If you're interested in the video , Privately message.
Over night, we had a GBP head higher towards 1.42 areas - Now we did get positive news starting this week easing lockdown, but the key is we COULD be out of lock down before June 21st! Incredible right?! if that happens! Less craziness.. Now if you're active follower of mine you would know - I am bullish GBP and I've been selling EURGBP combined. Well, I've given you my longer term target one of them...However, be careful don't go buying all in at these levels I'd like actually GBP to have pull back to some key areas.
Fundamentals:
- GBP Monetary Policy Report Hearings - Chief Economist Haldane Speaks & Gov Bailey.
- Fed Chair Powell Testifies (Yesterday, we had Powell testifies- Dovish the usual 'far away from employment and long term inflation goals' but we've got this reflation trade situation - Yields high...! )
- RBNZ Gov Orr Speaks (RBNZ - Yesterday, Monetary Policy Statement. Take a look at AUDNZD, It was a great short opportunity - Prolonged Monetary Stimulus)
Technical: - More of a complicated chart...
- Pattern: Within Channel or wedge formation (Monthly - double bottom)
- Support: 1.41405, 1.41210, 1.40760, 1.40430
- Resistance: 1.42255, 1.42606, 1.43120
Be aware of the over night spike, if that gets taken out, further bullish momentum to continue. Overall we are still in bullish territory until we are out of the channel i've drawn , then I'd target 50 EMA areas, which add confluence to Fib area.
(FOLLOW YOUR OWN TRADE PLAN FOR FURTHER CONFLUENCE)
Bonus: BTC -It was at high areas of 58k areas, to 48/49k. A Very volatile asset, I did state it would head lower when it was at highs. What goes up, comes down eventually! I actually think we could perhaps head lower and if it doesn't I rather be late to the party - It isn't really an asset I'd invest a high % of my portfolio in due to the high volatile movements. I am not holding BTC Positioning at this current moment of time. I am out until I am ready to get long again.
Key tip: “Patience is bitter, but its fruit is sweet.”― Aristotle
Have a good day,
Trade Journal
(Just a trade idea, not a recommendation)
GBP SETUP 1:6A general bullish trend has formed on the H4 timeframe.
The trend line was adjusted slightly to connect as many major bounce points as possible.
The slight dip below the trend line was regarded as an anomaly as it did not invalidate the uptrend.
Looking to go long after the next bounce which could possibly happen within the next 2 trading days.
GBPUSD trade idea H4 time frame After breaking through H4 resistance level 1.39900 level
and the next resistance level is 1.43530 level so ...
my expectation for the cable to complete its up trend to reach my TP1 level at 1.40757 for 40 pips
and my TP2 level at 1.42210 for 180 pips after breaking my enetry point at 1.40395 level .
goodluck..
GBPUSD Resisted by 500 EMATrade Safe - Trade Well
Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
