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Gbplong

Still some good buying pressure in GBPOn the chart above you can see two falling wedges in the bullish market which resulted in two strong breakouts above EMA 50. This points to strong bullish pressure on the 15M chart. Also we see that RSI approaches lower bound (30 points) around which it is expected to rebound as it happened in three previous cases (shown by blue shaded areas). Note that RSI reversals from lower bounds work better in during up-trending markets which we currently observe. Trade setup: BUY GBPUSD. Entry point 1 - 1.30845, Entry 2 - 1.30645 Take Profit 1.31450 Stop Loss 1.30420
Long
by PipVision
Quick Tip for Traders: (Please Read)In the past I've often left trades and forgotten I had them open. It's ALWAYS ALWAYS ALWAYS IMPORTANT to place a Stop Loss and Take profit, for every trade you place, especially if you Day/intraday/Swing & Position trade. I don't often scalp and if I do I'm usually in and out very quickly in around 10-15 minutes. Now lets say you place a trade, entry after candle close, from a level of support or resistance, test/re-test, pullback, breakout etc. Main priority is to establish the risk which I either make tight which is dependent on the trading environment (Trending) or if I'm going to hold the trade for a long time then SL below previous low. Followed by how much profit to take. Let's say the market is likely to increase 200 pips, I personally would make sure my TP is is around 20 pips under. Then, for joining the trade, I make sure almost every trade is made on either 1 hour chart or 15 minute, because pullbacks are more defined if you're able to establish the trend. I only use the 5 minute chart for re-entry if I've missed an opportunity. If I entered at 1.20514, I would be in around 60 pips profit. The beginner idiot me would have left the trade and done something else. It's important to establish if you're in profit, pips are like points that you score in a game. You play tactically and defensively to score as many points as possible, so if you place your SL at say 30 pips in profit, if the market turned on you, you'd close out in profit rather than a loss, in which case you'd now be running a risk free trade. Obviously, as the pips stack up, naturally you'd increase your SL in profit as well. So I hope this tip is helpful and improves your trading and limits your losses. Have a blessed day!
by UnknownUnicorn2215917
2
GBPUSD: Possible Long Setup Welcome traders to another trading analysis on the GBPUSD pair. We are looking at the 4h timeframe and we saw GBPSUD on a nice down trend the last weeks. Looking at price now, we can see that there is something forming like a bottom right now. Price did already a nice divergence on the low and broke out of that structure. Another confirmation is that price broke already the bearish trend line. I do not want to enter the trade for now, because i want price to be a little bit more deeper than it is from now. My possible entry zone is the yellow box, which also indicates the fibonacci levels. I will keep you guys updated if price reaches this zone and when im entering the trade. Wishing everyone of you guys a successful trading and a great weekend!
Long
by darian_fx
GBP/USD Weekly Long Prediction This one prediction may or may not take long to form at all. I decided to take this pair on a weekly outook to be sure of no noise on the smaller time frames. With everything going on with this Brexit deal I'm sure there will be some volatility in this pair. I would play it safe but setting a small trade on this pair. Once the pair breaks through the 1st resistance zone and becomes support I would think about doubling up on this pair for the long haul. (Comment Your Thoughts)
Long
by ProfxCapital
GBPCHF 1:5 Risk Reward LONG (Potential Setup)Fundamentals: LogicStrategy Quant scores shifting in favour of GBP, compared to the weak score provided for CHF. - This was following the recent decrease in unemployment in the UK down to 3.8% from 3.9%. - CHF PPI dropping significantly to 0% with a forecast of 0.2% - CHF retail sales dropped significantly this month, down to -0.7% - SVME PMI down for CHF to 48.5 with a forecast for 51 All signs showing the safe haven CHF is overvalued and requires a correction whereas GBP has started to gain strength amidst brexit negotiations being extended. Technicals: - Waiting for any long confirmation signals before considering an entry - still to early in terms of technicals - Would like to see 4HR higher highs, buying power candle stick confirmations etc..
Long
by Eren_Jaeger_Trader
7