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Gbpusd-trading

GBPUSD in Upward Trend Channel, Target at 1.365Overview The main view of this trade idea is on the Daily Chart. The FX Cross GBPUSD is in an upward trend channel after making a historical low of 1.03595 on 26th September, 2022, it proceeded to make higher lows and higher highs. Higher lows within the trend channel can be observed around the 1.11519 and 1.18413 price levels which were made on 3rd November, 2022 and 6th January 2023 respectively. The higher highs of 1.14902 and 1.24468 were made on 4th October 2022 and 14th December 2022 respectively. The expectations are for the FX Cross to rally to 1.365. A negation of this view will be a decline to 1.155. Technical Indicators Several technical indicators support this uptrend. The Supertrend indicator turned to buy mode on 17th January while the Awesome Oscillator is above 0 and green. The RSI for GBPUSD is also above 50 and trending higher. The intra-day trend following indicators of GBPUSD also show uptrends in the 15-Min, 2-Hr, 4-Hr and Daily timeframes. Short term support is observed around the 1.17 price level. Recommendation The recommendation will be to go long at market, with a stop loss at 1.155 and a target of 1.365. This produces a risk/reward ratio of 1.54. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of writing, I have exposure to GBPUSD.
Long
by Ceddy86
GBPUSD Bullish Flag pattern Instrument: GBPUSD Chart pattern: Bullish Flag Optimal technical indicator: EMA CROSS 50_20 Current signal of optimal tech indicator: LONG Optimal technical indicator win-rate: 48% Days for backtesting: 2231 Timeframe for backtesting: 1D Price at the day of forecast: 1,2216 Enter point (market): 1,2216 Take-profit (model data): on chart Current stop-loss: on chart Multiple for stop-loss strategy ATR(14) x 2,9 Average trades per month with optimum technical indicator: <1 Average time for 1 trade with optimum technical indicator: 77 Average profit per 1 trade: 0,81% Projected annual return w/o leverage: 5,1% Technical analysis applicability for 3325 technical strategies: 54% Technical analysis recommendations: Long: 96% Short: 4% Neutral: 0% Stable long-term profit for FOREX, CRYPTO, Equity based on backtesting optimization algorithm. Instant analysis of 3.3K technical strategies
Long
by Trading_investing_2021
RLinda ! GBPUSD-> A retest of the 0.618 Fibo level. What's next?GBPUSD continues to recover within the ascending range. The price reached the level of 1.23400 and started to form a correction, having made a false break of the resistance level 1.2293 The pound descends to the support area of the uptrend channel, to the level of 1.21600. The main potential for the rebound lies at the key Fibo level of 0.618, which is located at 1.21746. The prospect is buying, since we have an uptrend. But, provided that the price breaks the level of 1.21600, selling is allowed. It is possible to open a deal only after the price breaks the support and consolidates under the level. Targets for pullback - resistance at 1.22932 and 1.24059 Targets for fall - 1.19334 Regards R.Linda!
Long
by RLinda
21
GBPUSD and Why Markets Rise/Fall/StallThe GBPUSD has risen greatly after falling to extreme lows... It was at this point you could decide.. Is the GBPUSD cheap? Am I getting a good deal? Has it fallen an extremely long way and has a low price? If you took such information into your Brain VIA the Computer and took it long and exited for gains you made the right decision as we looked at so many times.. It is now time to decide where you will get out and where you will begin to further short the asset. This is going to come from A) How much the price is in value VS what it was before. B) Is price hitting key Resistance / Price action levels (reading where Traders are Trading). C) Is the market sentiment good bad or ugly? Once you have factored in those three you shall have a powerful approach. Look to lightly short as we rise to current resistance as seen way back and nearby. Use ALL timeframes for judgement of price.
Short
by WillSebastian
6
👉 GBPUSD Uplink formedGBPUSD Uplink formed The main goal is to buy from the support level for the next week ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the comments! ❤️ I use all my transactions in real trading in my account, my account has already reached Profitability: 1549.04%🙏!❤️ It's your turn! Be sure to leave a comment and let us know how you see this opportunity and prediction.
Long
by QuantumLabSignals
📉GOLD 07/22/2022: strong impulse❗️📉 Priority direction: Down . 📝 Description: Strong impulse on Thursday after the ECB meeting sent the price of gold up to $1720. More than we expected, but sell remain a priority in the short term. The instrument is located at the upper border of the price range of $1680-$1720. Longs can be considered in the area of the $1700 level, if the reaction of buyers can be traced. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
OANDA:XAUUSDShort
by Market-Mentor
1
Going Long from a support zone aiming for resistance.I’m just made a demo account after taking about a two or more months from trading. I took the ftmo challenge and I passed the first step but I failed the verification. @baileythebarber I’ve known about trading for about five or more years and I’ve made money and lost money but I’ve never gotten to making money consistently and seeing six figure days. I’d like to make thousands a day and five figures would be great a week I really want to make large sums of money on a weekly and daily basis from trading. Even making cash money from other business ventures. Blue hundred dollar wads of money stacks in my pockets paid getting paid and experiencing the power. money. This trade idea is based off quarter theory trade on the gbpusd 7/8/22 12:56 am Buying from support at 1.2000 large quarter point. Stop loss below the close price of 1.9087 Take profit at 1.21958 I trade from the body of the candles, not the wicks, I think that’s where the liquidity will began and I like to be out early as possible in my take profit ranges, especially if I have a good risk to reward ratio. Let’s see how this one goes and if I’ll remember to come back to this idea. I’m working on being consistent.
Long
by Baileyfx
GBP/USD - 4hrHello guys. Here we have the GBP / USD chart. This is a 4 hour time frame and as you can see we have bear dominance. The daily bearish trend has not yet been confirmed, but the pair made a new low for the year at 1.2983. I expect that this lowest point will be attacked again in the coming days and we can expect the bear to continue. Weekly and monthly trends are also bearish. Of course, follow the rules of your strategy and find the most suitable entry point. Of course, we could see strength before bear domination and that could actually serve as a great opportunity for a short position.
Short
by merjemascerija
GBPUSD at 1.36 confluence of levelGBP should be one of the stronger currency against USD and 1.36 comes as a confluence of trendline ,200 ema and past level. Could be tough nut to crack, not shorting as well, let the market tell us what to do... *************************************************************************************** Hello there! If you are keen to learn more on the technical setups,do visit my website at www.shadowingthebb.com ! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
GBPUSD | LOOKS GOOD FOR A SELL WHAT YOU THINK?Hello Traders, Today I am looking at GBPUSD and it seems like it could be a good selling opportunity it recently pulled back to the moving averages and gave a bearish engulfing candle to confirm that bears are still in the market. Everything is also trending towards the downside except the monthly timeframe, so we might see bulls coming in the market shortly, however, this is not to say there aren't any pips to make with this trade. Also, hedge funds are heavily decreasing the amount of GBP they are holding which is good.
Short
by FX-TradingLions