Huge profits with the British Poundif somebody is looking for a good long-term deal then you are here!
There are so many reasons why the pound will stop its growth here. Don't miss the chance.
Weekly and monthly positions.
Gbplong
GBPUSD Hourly, 2618 setup (LONG)Its been a while since I entered with this setup, but this one had a case with historical support and resistance area coinciding with the 2618. A clear double bottom, right at the level. With a break to the upside (break of the "v" point of the double bottom) followed by a 0.618 retracement - and here we already see some reaction.
Targetting retest of the previous high followed by a 0.618 retracement of the larger bearish leg - which coincide with 1.286 round number.
Stop loss below previous lows
GBPUSD (4H) Dancing with round numbers and fibonacciIm buying into the strong support showed by 0.618 fib together with 1.285 round number.
For target prognosis Im also using fib - same level, 0.618 which coincides with another round number, 1.31.
GBPUSD Long Position After The Vivid UptrendMy bias for this pair would change if this pair attempts to remain below 1.3 and break the trend line. Moreover, 4h might confirm short entries when the trend line is broken.
Having had GBP on its lows, It may be time to get back up with an uptrend and far more formations. On the chart, we have an uptrend on the weekly level and also one on the daily level. A breakout has already occurred and I do see a continuation to the upper side in the course of the coming week. The breakout is followed by a bearish pattern which I do take as a retest/retracement.
GBP/USD RETEST OF BROKEN NECKLINEAs you see on the Chart, GU creates a H&S pattern, break through neckline resistance at 1.3080. If we see the retest of broken neckline and Resistance (which turn into support), we could look for an 120 - 140 PIP upside move.
SIMPLE ABCD PATTERN ON STERLING We pulled now back in our 40PIP´S FIB region to create that FIB C Leg. We also rejected of H4 Support 1.2970 and break CTL so far. Can we see a clear bull close above 1.3010 on next H4 close ? Then we may reach our Targets at first 1.3120 and second at 1.3170. Keep your eyes on the Charts..!!
GBPUSD long off election news in anticipation of Fed.Logistic Wealth Management
Strategist-Tanner Elphee
6/12/17
GBPUSD sold off harshly after election results.
Me being the novice trader I am jumped right in off the first woosh bar. Set my stop behind the first wick and through the night it stopped me out.
In hindsight the stop was way too close and I really have no clue what is going on in UK.
I know the USD is expected to fall, if move at all, Wednesday after the fed meeting. That being said XXX/USD pairs should continue to rise like eurusd.
The whole situation is out of the ordinary and this setup looks too good to miss again. I've waited patiently and here is my precision entry. I'd certainly expect a reasonable fill between now and Wednesday.
GBPUSD short 50k
Entry 1.25708
Stop (no place particular) 1.26500
Target 1.295
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GBP: Buy setup.Opening a long position in the support area. The target may be in the local resistance level or higher. Started Profit Factor 7.
GBP: It is possible to return up.If the support level is not broken, after a small consolidation, it is possible to move up to the resistance level or higher.
GBPUSD hourlyHere I'm trading the potential scenario where we have a retrace down to 61.8% fib of the recent bullish leg. This is then followed by a long opportunity. Will update this post when we get to this point.
Behind this idea we have a bullish reversal which is showing by change in momentum and a double bottom followed by a break to the upside (of the V point of the double bottom).
The long target is a previous support area at 1.293
GBP: Range break.For more than 12 trading days, the pound is in a small range. A break in the range can cause a short-term movement with a target of around 160 points. In my opinion, it is more likely to move up.
GBP: Breakthrough small range.A pound for more than 4 days is in the range of less than 100 pips. A range break can be used to open a long position with a target in the 1.3550 area.
GBPUSD, BULLISH TREND!GBPUSD 0.32% , after a market consolidation, breaking the monthly resistance, now looking forward to hit the first 150PIPs target and then waiting for the long-term target..
GBP - long-term consolidation
The pound has formed a long-term consolidation. We trade within the consolidation or at its breakdown.
GBP: Consolidation in consolidation - buy setup.A breakthrough is possible up the small consolidation on the news with a further breakthrough up the long-term consolidation. I think the probability of a breakthrough down is still greater.
GBPUSD - This morning's setup - Another train leaving soonIf you are following me on Telegram (t.me) you saw my entry and targets this morning on GBPUSD.
We had a double bottom, with several failed attempts to close below 1.2400 - together with heavily oversold conditions and a historically strong support and resistance area. A good case.
What I was looking for was a pullback that we could profit from with 2 targets.
I entered at Z, target 1 is already hit, profit booked and stop loss moved to break even. My risk to reward is shown on chart.
When we also saw that dragonfly doji candle right after my entry, this case was already closed - the pullback was inevitable.
However, the train has not completely left yet as we could get another possibility to enter (see X mark). That entry is based on a 2618, if that is a strategy that you use to base your entry.
I will not enter again since Im already in, but I wanted to share the idea.
Keep in mind, this is currently a bearish train. We're just looking to catch a station before jumping off again.
GBPJPY already formed Reversal Signal!!!! Hi traders,
After a long time of waiting, GBPJPY has formed a reversal signal , which is a good looking pinbar at support area!! Yay!! :)
Well, I'm not 100% saying that GBPJPY will go up, instead I'm it has higher probability and possibility to go up. The risk-reward is beautiful. Therefore, I would suggest you to do a long position on this pairing.
If you like this, please subscribe me for more setups and ideas in future. Thank you and feel free to exchange your ideas with me.
**Trade with care**
GBPUSD - Buying signalsGBPUSD giving buying signals after struggling at 1.2150 and failing to close below.
Targetting 1.2300 before looking for bearish confirmation again.
Entered first position at 1.21870
GBPUSD Long setupAfter our successful short we find ourselves with an opportunity to get long.
Based on;
>Bat-pattern completion
>Trend line (triangle) support at bat D completion
>Oversold condition
>Psychological support at 1.24000
These combined gives me a clear signal to enter.
Target conventional 0.382 fib of A to D (the lowest point)
GBPUSD (15m) Buying signal with break above monthly resWe have an opportunity to get long with a break and close above monthly resistance. Historically when this has happened the price has retraced for a brief retest before heading up.
Lets see how this pair responds this time, the risk to reward is big enough for taking the risk (for me).
Do your own analysis, we see lots of different opinions on this pair. I follow the signals that the price action gives me, in the end, the most important factor is being profitable over time despite being wrong every now and then.
GBPUSD (15min) 2618 - Long opportunityWe find a 2618 (double top followed by retracement to at least 0.618 fib) opportunity to get long. I put my entry below 0.618 to improve my risk to reward ratio.
Order is pending, lets see if we get filled.
GBPUSD Simple fibonacci and structure trade - LongI let the chart do most of the talking.
But the main ingredients in this setup is fibonacci retracements to predict entry, target and stops together with previously tested structure areas that is of interest for building this case.
Oversold condition together with the 0.618 is my signal.
Lets hope we get filled, and lets see how this plays out.
