Gbpusd4hrs
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 2 Downtrend in red color (LONG TERM AND 2 INTERNAL TRENDS)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
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GBPUSD AnalysisLooking first at the weekly chart, GU is most likely setting up to form a Head & shoulders pattern (also on the daily). Scaling down to the H4, price has been in an impulse phase (thus forming the weekly''s right shoulder). Price is currently in a correction phase (bullish flag). Therefore, I am expecting another impulse to the upside, which will be followed by a drop to complete the right shoulder.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial.
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GBPUSD Is strong Bearish on H4, No chance for a Pullback!!!!
Welcome back Traders, Investors, and Community!
Hi Traders, GBPUSD on the H4 is in a strong Bearish trend and after the rejection with long wicked bar from the Bearish line of the channel is expected to go lower to first Support which is 1.3726
I don’t think after this long red candle and the long wicked bar before that it gets a chance for any Pullback to 1.3890
⬇️Sell now or Sell at 1.389
⭕️SL @ 1.3946
✅TP1 @ 1.3726
✅TP2 @ 1.3626
✅TP3 @ 1.3493
We will have more FREE forecasts in TradingView soon
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GBPUSD 4H Analysis
Hello, this is my analysis of GBPUSD based primarily off the 4H Chart.
Note:
This is a BULLISH Analysis, meaning, I do not confidently anticipate for the price to continue bearish towards this levels, from this current moment in time.
This Analysis is SOLEY intended to be used IF the price were to approach, one of these two shown price points WITH verified rejection
OVERVIEW
This is my overall BULLISH Analysis for GBPUSD, intended for use among assuming BULLISH buyer participants, are looking to position in on the overall daily trend.
This analysis is to be used in the event the price were to approach one of the two listed levels, as of the current relative market conditions. Primarily, this is intended to
serve as two points within the GBPUSD Market, to OBSERVE for the possibility of pivoting.
REASONING
The Analysis is based solely off of the 4H chart. These levels were chosen due to their unvalidated nature, relative to the CURRENT 4H price action.
These two specific points within the 4H chart have yet to be approached for a second time, as of the current market. Considering the price action within the 4H is quite
respectful from a "break-and-retest" perspective as well as the overall bullish nature of the daily time frame, I have identified these points as adequate points
and possible points for the price to pivot.
GBPUSDThe long bull run for Cable is finally starting to loose steam. As you can see, the last higher high (HH) was formed around the 1.3950 handle (-27.00% Fibonacci Retracement). It has also broken broken out of the parallel channel by forming a bearish engulfing and closed below the 1.3875 zone. A confirmation of bearish reversal can be attained with a break of structure around the strong demand zone of the 1.3750 handle (38.20% Fibonacci Retracement ).
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GBPUSDUSD H4 #OUTLOOk For 21 To 25 September#OutLook 21 to 25 September
Dear Traders Today We Have an Analysis Of GBPUSD H4. This Analysis Based On Price Action Theory.
According to The Analysis, We Can See That After the setback Market On Down Trend Formation with Trendline. Last Friday Price Reject On-Resistance with Trend support. So Behalf On the That we Have Some New Supports Level 1st @1.2724, 2nd @1.2513.
If Price does not refuse 1st support Level then 2nd level is the target
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Enclavefx technical group