GbpUsd- Bearish continuation?After confirming 1.36 as very strong resistance, GbpUsd has continued its downtrend and has broken also under 1.3430 support.
Now the pair is trading exactly in this support (now should act as resistance) and the recent rise is also a flag pattern.
I expect a continuation to the downside for this pair and 1.3 could be bear's target
Only GbpUsd back above 1.36 would negate this bearish scenario
Gbpusd_forecast
GBPUSDAs i said in the last week GU reached my No. 1 target and was almost close to reaching the 2nd!
in the next period I will wait for a strong retest movement and then ... I will continue SELL until my target no.2 from where ... I will reanalyze the whole situation
THIS WEEK...exactly as I said ... GU also reached my number 2 target and made 800 of the 800-1000 pips predicted a few months ago
this week I expect a retreat move to target 1 and from there ... DOWN AGAINS to 1.30
However ... a closure even for 1 day over the number 1 target means a new range in this area
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
GBPUSD , Its time to buy ...Hello everybody
In here we were in downward trend but the trend was change to upward and now we are ready to jump toward the target
We made reverse head & shoulders in the bottom of the price and in other view of technical we have a key and the trend was changed to upward and now its time to jump and make new rally
Dont forget check the chart in multi-time frame and take signal like hammer or ... then take buy position
Dont forget use stop loss guys
If you have and question ask us
Good Luck
Abtin
GBPUSD: Time for Reversals?Price pushed down and aggressively wiped out a significant previous order block on the hourly timeframe.
This may now give buyers the opportunity to switch the trend.
We can ONLY take this trade if we see a BOS as illustrated.
Once we get the BOS and the equal highs are broken, we could look to use the new demand region for buys.
If we don't see this, then the trend must be respected and sells remain valid.
GbpUsd- 1.4 is still my targetAs I said in my previous analysis, I expect GbpUsd to reach 1.4
Although the price has dropped hard on Friday, the bullish structure is still intact and at this moment Cable is close to the 1.36 important support.
I will look to buy near this support with mentioned target
GbpUsd under 1.35 would negate this bullish scenario
More downside for GBPUSDAs predicted, the pound dollar broke its weak structure and we are looking for farther downside for this pair. There is no bullish bias for this pair and structurally it looks ready to go down. The green line depicts a scenario where the price will consolidate in a small range before breaking farther down. Regardless, we see 1.35 as an area price must retest before any relief rally can happen.
GBPUSDHTF analysis shows a break of a bearish Trendline and a possbile retracement down to 1.37000 where a retest of support and trendline might push it back up strongly. Alternatively if it breaks below then we can look to enter around 1.36000 where an inverse head & shoulder pattern will also be completing.
GBPUSD , Do the channel can support the price again ??Hello guys
I hope that anyone take profit from the market until today
In here we have a amazing descipline chart , the price is moving in upward channel and have reaction the the up or down of the channel
The price is near the trendline below of the channel and we expect like past , that can support the price to rise
But we need at first to take signal and see the powerful of the price then we can buy and take position
Dont forget use stop loss and attention to money management
Good Luck
Abtin
GBP/USD hold, The buyers will help to get out of it.The quantity of US retail commerce, which grew in July, has turned out to be a lot worse than the forecasts of economists. This issue prompted the pound to develop which then allowed the bulls to grab the initiative once more, however it's nonetheless very early to speak in regards to the resumption of the bull market. Firstly of the week, patrons of the pound ought to attempt to keep away from a breakout of the 1.3081 help, slightly below which the decrease border of the present upward channel passes.
A false breakout forming there would be the first sign to open lengthy positions in anticipation of development in direction of the excessive of 1.3139, the place I like to recommend taking earnings in the present day. The 1.3181 resistance continues to be the long-term aim, however with the intention to attain it, patrons must be extra aggressive, and this requires good basic information. If there isn't a demand for the pound within the help space of 1.3081, it's best to postpone new lengthy positions till the decrease border of the present aspect channel is up to date within the 1.3007 space in anticipation of a correction of 30-40 factors throughout the day.
To open quick positions on GBP/USD, you want:
Sellers want to interrupt under the help of 1.3081, consolidating under this degree will probably be a very good sign to open quick positions within the hope of knocking down the pair to a low of 1.3007. A break within the help of 1.3081 will even result in a break within the decrease border of the present upward channel, which patrons of the pound have been attempting to type because of the center of Friday final week.
The bears nonetheless think about the low of 1.2916 because the long-term aim, the place I like to recommend taking earnings. In case the pair recovers within the first half of the day, it's best to not rush with gross sales, and watch for the take a look at of a giant resistance of 1.3139, however you may open quick positions from there provided that a false breakout is fashioned. I like to recommend promoting the pair instantly for a rebound solely after updating the resistance of 1.3181 in anticipation of a correction of 30-40 factors.
GBPUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD Dual-Direction IdeaAs price plays around the 1.36000 level. There are 2 possibilities based on the strength of the USD
As of the current moment, the DXY broke above the highlighted level of 94.000 and is currently trending higher showing strength in the USD amid the ADP Non-Farm Employment Change later today.
Buy on the retest of:
Trendline
Level 1.36000
Minor Order Block
Weak USD Report
~ With bullish candlestick and patterns
Sell on the break and retest of :
Trendline
Level 1.36000
Minor Order Block
Strong USD Report
~ With bearish candlestick and patterns