GBPCHF LONGBullish divergence on 4H. Hidden bullish Divergence on daily. The price has Bounced off the 50% fib level on 4H. Looking for continuation long !!
Counter trend trade, so I’ll be looking out for reversals at key levels !
Good luck
Gbppairs
Bearish channel guiding GBP indexGBP has been one of the weakest currencies for some time now and it's easy to see that from this chart The FX market has been quiet for the majority of the week and it looks like GBP tried to regain some ground albeit slowly It could continue to gain but the overall bearish channel is what I'm focused on. I'm watching for bearish setups on GBP pairs but waiting to see how price will react to the bearish flag pattern. Good confirmation will be if price can sustain trading below the bearish flag breakout point on the index.
GBP/JPY, price is approaching Strong Resistance zoneIf the price breaks and retests minor support on H4 Timeframe, we will take short on GBPJPY. Otherwise, in case we saw the resistance broken, we would be looking for a nice long.
GBP JPYJapanese Yen is a safe haven asset for investors, but while pairs have been taken a beating - especially GBP against these safe haven assets - the demand zone 1 was touched so a scalp trade has been placed - aim to get 70-100 pips before closing.
Risk free entry already.
With new fresh zones being touched with heaving selling - await a rejection on a zone and enter. However trading against the trend (in majority of cases) is free money to the sellers or buyers in a trend. So pay attention. Scalping is in and out - so once your pips are secured. onto the next trade
GBPNZD Easy Pips!the Pair can be trading in a corrective cycle for an impulsive wave, or a beginning of a bearish impulsive cycle.
in both of the above cases the pair can grant us an easy 150 pips with a short positions from current levels.
Good Luck !!
GBPJPY long (Supply and Demand)Back to my favorite Trading Pair. The GBPJPY.
We can mark up some nice levels.
Current State:
We are at a Demand Level right now. But we could see 2 Scenarios.
Expectations:
I expect the price to go up to the Resistance Line. Only enter at the Retest which would be a confirmation.
Second Scenario:
The price could go further down. Also here wait for the Retest before entering shorts.
This is my Analysis on the GBPJPY . I hope you enjoy it.
Feel free to comment on the Analysis if you want to know something.
Let me also know in the comments your view about the GBPJPY .
GBPUSD Trading Idea August 2019GBPUSD has been in a decline for a while now
Boris Johnson elected as PM - more confidence in shadow of Brexit dilemma
US Fed rate cut expected - Dollar expected to weaken
RSI divergence
Falling wedge identified
GBPUSD pair on near major resistance zoneGBPUSD pair trade near major price rejection zone but oversold momentum indicator still suggest price can trade in this range.
resistance zone 1.2800-1.2850
price needs to trade above 1.2700.
GBPCHF LONG!Trade when it breaks the bullish pennant!
Short term GOAL: 1.28705
Short term Wave GOAL: 1.31600
Fundamental: Brexit pression!
GBPAUD - Trendline sellI sold GBPAUD. The trendline is really strong and I don't think it'll pass it. On the 4-hour chart, RSI touched the oversold level. (70)
I'm also short on other GBP pairs except for GBPCHF but as I said, I might not trade it. We'll see!
Trade safely.
GBPJPY potential longIf it breaks the trendline, it shouldnt go back down, so potential long with small risk
