GBPUSD retest on Resistance ... againBullish momentum still intact as of now.
Do not short until the buying momentum fade away.
Cable
Chart GBP/USD Update: Limited scope above 1.3600The pullback towards 1.3500 has given way to a corrective bounce from 1.3520~, whilst oversold intraday momentum studies unwind.
FX:GBPUSD is trading around 1.3600, but falling daily stochastics and the bearish Tension Indicator are expected to cap any break to below the 1.3675 Fibonacci retracement.
Following corrective trade, downside levels are expected to attract, with a later close below 1.3500 adding fresh weight to sentiment and opening up the 1.3450 weekly low of 11 January.
GBP/USD ConsolidatingVery strong resistance was broken at 134.5 level. Since breaking this level it has touched it twice and found support. If the Dollars short term strength continues in the coming days this support will offer a good long entry. There may be some resistance at 1.38 so it could be worth taking profit there or wait for 1.40 for a longer term target.
GBPUSD - WEEKLY PREDICTIONEven though I'm expecting dollar strength this week, I think this is the strongest outcome. There are too many confluences around the 1.35500 area. Obviously a close below this negates and should see previous LH retested.
GBPUSD PULLBACKA good time to enter would be if the 4h chart can make a pullback to the 0.382 and the volume profiles breaker. i have an order set at 1.36
GBPUSD (Long)An ABC long and my first official trade on the cable, it feels good to place an order on the currency I use. I'm in two minds about waiting for the stochastic to provide a buy signal however the shape of this ABC looks sharp and I don't want to miss an entry. Having never traded the Cable before I have a preconception that it doesn't hang about when impulsive waves are present. so I'm going long and learning along the way.
🔰 GBP/USD - Daily Update 🔰🔔 The long-term outlook for the pound is bullish this year — Our entry from last night is running 55+ Pips in profits ✅🌱
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GBP / USD (CABLE) LongWXN TRADE IDEA
Buy GBP / USD @1.35500
Stop Loss: @ 1.35300
Take Profit: @ 1.36100
But we recommend that you take profit when you're happy.
Bearish depletion and a sign of bullish structure at the support created around the 1.36500 area.
Risk: 20 pips (1R)
Gain: 60 pips (3R)
Risk/Reward : 1:3
GBPUSD PREDICTIONI think we could be coming to the end of the bull run for GU with this ending Diagonal but as always we're prepped for both situations.
Also a bit of Bull Flag formed.
GBPUSD December OutlookThe cable has had a bullish run so far for some months. A swing low(as shown in the chart) was formed and price continues its bullish run. I expect price to continue its bullish run to the order block at the 1.3700 price level (also shown in the chart). There seems to be a lot of liquidity at the level as a result of relative equal highs which makes it an added confluence and high probability to go bullish to the order block. As per the analysis I expect a 'bullish cable Christmas'. haha. Follow me for more trade ideas and general market commentary
GBPUSD Near The Strong Resistance ZoneNow we see a big daily bearish hammer candle and We can expect the price to move up to fill the shadow.
To enter, we have to wait for the resistance line to break and the momentum to become positive.
Short on GBPUSDMy Analysis of the GBPUSD , the target will be a trigger for a long , we need a breakout of the stop line to exit , if we breaks the yellow line my analysis is canceled
GBP USD - intradayHi all,
just a very quick update: for GBP USD - this is what we are seeing over the 4 hour chart within the next week and weekly close.
Price has held nicely at 0.618 retracement from the high, now we expect the "0" zone to be removed and extension targets to be met.
See our other ideas below;
Many thanks and enjoy this one.
Team Lupa
GBPUSD Short SellGBPUSD has broken the ascending trendline and we are looking for further downside as COVID 19 Cases increase in the UK.
GBPUSD WEEKLY OUTLOOKSo the gbpusd weekly chart has broken a two year high. look to trade a big move to the upside.
CABLE BIG PIX! - Bullish Wedge BreakOut Targeting 1.5000 In 2021Now that GBPUSD has violated the monthly bullish wedge (as explained in our 22/11/2020 post below), bullish rally may commence in 2021! First obstacle is at 1.4000 level which may likely cause the pair to pullback towards the first bullish-order-candle at 1.34000 level (or deeper at 1.25000). Any price rejection from thence will then be targeting 1.50000 and above.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GBPUSD short ideaPrice just reached 1.3600 level. On 15 Minutes there are rejection candles with very long wicks.
Rsi is overbougth in 1H and 2H timeframes.
I don't think price will broke 1.36 due to pound problems.
This level was already touched by the price but it always rejected it.
Let's see if price can make a new lower high.
CABLE (GBPUSD): WAVE (C) in play - daily chartI think that we are in a corrective ABC structure inside a wave (C) in the daily chart.
According with this count we may are inside a bigger wave 4 before another big dip for the wave 5, or the previous impulsive movement may already be over also.
So if this count is correct we may have 3 different potential targets for the completition of this (C):
1) 1.374xx in case of a regular flat 3-3-5 ABC
2) 1.43 in case of an expanded flat 3-3-5 ABC
3) 1.518xx in case of a running flat 3-3-5 ABC (that's the mostly rare case of this type of corrections, so this target will be difficult to reach i think, but not impossibile)
Lets see what will happens!
