Gbpusd_forecast
GbpUsd- Best place to buyAs I argued in my previous analysis, GbpUsd is bullish both on the weekly time frame, with the price confirming and reversing from 1.32 support and on daily, with the pair breaking above the corrective flag that took 6 months to form.
At this moment cable is in a slight correction, and this can be a good opportunity for bulls to open long positions in the direction of the overall trend.
The best place for this is the confluence support zone around 1.36 and this scenario is negated if the price fails to stay above 1.35
GBPUSD SELLLooking to short gbpusd long term.
We are playing into a daily orderblock now and I would like price to spike higher into the 50% of the candle from where we can anticipate a drop.
From wave analysis we can see that we have created relatively equal impulses and retracements so I'd like to see another impulsive move down from the current level.
I would like price to drop down to 1.30000 as my swing target. This could take several weeks/months so please be patient when in this trade.
Take partials and protect profits as market drops and when you're satisfied with profits.
Note the stop loss i have shown here is very aggressive so take that into consideration if you take this trade.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
GBPUSD: Zone to Zone Compression 🎯Price is trading at the main supply near the previous high.
I have illustrated the type of compression liquidity grab move I would like to repeat again before we start to see some downside.
This pattern is very common near areas of interest. A battle between the buyers and sellers form before a liquidity grab is performed to reverse the trend.
Do you like these setups? 💬
Traders, if you have your own opinion about this idea, write in the comments section, I always reply.
🚨 RISK DISCLAIMER :
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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GBPUSD SELLLooking to short gbpusd long term. We have reached a key level of 1.36 and rejected it.
From wave analysis we can see that we have created relatively equal impulses and retracements so I'd like to see another impulsive move down from the current level.
Note the stop loss i have shown here is very aggressive so take that into consideration if you take this trade.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
GBPUSD: Ready to Buy 🚀After successfully completing our sales this morning (View Below) we are now looking to buy from the key levels of interest.
Although we are trading within demand, imbalances remain below.
I have illustrated what I would like to see depending on what level rejects.
Always locate a level and refine it on the lower timeframes before you proceed with a trade.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨 RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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Please like, subscribe, and share this idea with others! ⬇️
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GBPUSD: Supply Holding 😜Today is a Bank holiday virtually everywhere, so expect low volume in the markets. I am open to the possibility of a trade today but spreads must be suitable.
No real high-impact news but be mindful of the US Manufacturing PMI at 14:45 GMT.
Market sentiment shows that buyers have slowly started to close out and sellers have increased. However, the sentiment still currently remains at 56% net long and 44% short.
If this supply level holds, sellers may take price all the way down into demand.
Do you think it will? 🎯
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨 RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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Please like, subscribe, and share this idea with others! ⬇️
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GBPUSD: Bearish Plan of ActionGood morning Alkalites!
GBPUSD has the potential to start a mild bearish trend retracement to collect more buyers.
Ideally, I would like to join the sellers on a pullback. If I can join at the bearish imbalance created within the supply, I will be very pleased.
If we can position ourselves in a good sell, we should have no issues getting the price down to the strong demand points created on the way up.
What is your view of GBPUSD today?
GBPUSD - Ready for the Day Good morning Alkalites! Hopefully, you all had a great Christmas with your families, it is now time to get back to work!
I have put together some analysis for GBPUSD today, although the banks remain closed in the United Kingdom, this setup is ideal.
Equal lows have been created at the Asian low just above the demand, leaving a liquidity gap open for purging.
The major 15m imbalance has been tackled already so I wouldn't expect the price to push past the demand box marked.
We have sellers who remain trapped in the bearish candle marked, which usually means the price will be pushed back to the zone so losers can get out of their negative positions.
We also have some bullish imbalance from the explosive move on the footprint, these levels are marked as 21x0 and 25x0.
I have illustrated what I would like to see today, volume is extremely light but fingers crossed we can make something work.
Good luck trading! Are we all ready for the new year?
GbpUsd can extend gainsAfter finding strong support under 1.32, GbpUsd has started its ascent and has broken above very important 1.3370 resistance.
A short period of consolidation followed with the pair trading in a small flag.
Now GBP seems ready for a new leg up and swing traders can target 1.36 very important resistance
Interim resistance is at 1.35 zone.
I'm bullish as long as the price stays above 1.3350
GBPUSD LONG WITH 3 CONFLUCENCES Listed confluences:
1: Trendline Breakout
2: Inverse Head and Shoulder Pattern
3: Key Level
Summary: GBPUSD has been selling off for serval day now. We are waiting for the breakout of the key level at 1.3277** on the Daily Chart as confirmation of the trade. Trade has a potential RR OF 4.43 to 1.
We will be entering and holding this trade until around the end of the month, or until target is reached, which ever comes first. If we get stopped out we will only look at the pair next month for any new trade setups.