GBPUSD SHORT Linked chart for Short Term ideaCheck out the linked chart analysis that will display my long term idea.
Gbpusd_forecast
GbpUsd- Next stop 1.4In my yesterday's comment , I said that GbpUsd is facing a short term resistance that is very likely to be broken and, indeed, the pair passed above 1.3850
At this point, cable is on the run and 1.4 seems to be the next logical stop.
1.3850 is now support and dips towards this area should be bought
GBPUSD Outlook for next week Our trade setup on GBPUSD based on Elliot wave count.
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GbpUsd- to break above resistance?Since the recent low of just under 1.37, GbpUsd traded to the upside putting in a series of higher lows on our chart.
The long term trend is clearly up and I believe that a break above recent short term resistance will follow.
Considering we are speaking about Gbp, a spike under 1.38 is very probable and this can be a good opportunity for bulls to enter the market.
1.4 is a reasonable target and, on the other hand, a daily close under 1.37 would negate this scenario
GBPUSD sell off is commingHi there,
GBPUSD is going to touch 1.41 again, this will be the last correction before we sell off hard.
1.41 will make a retracement of 70-80% from last move down, completing a weekly candle with a lower top, next weekly candle will be a hugly bearish one
wait for the retracement to sell it.
Good luck
GBPUSD - Push HigherIt is very likely that we see a strong push to the upside to tackle this previous resistance that was only purged once. Plenty of money is sitting above it, always remember, prices move to where orders reside.
GBPUSD ForecastGBP Weekly Forecast
- one more up move to at least 1.38800
- then expect a pullback correction or sharp impulse to total down
- aim for target level 1.40200 and above if the pullback correction given
GBP/USD sell set-up brewingOverview - GBP/USD have managed to stage a modest recovery after
dropping to 1.3670 level a week ago. However, price has reached a level of
resistance at present and price is unable to break the resistance.
Analysis - As you can from the chart, GBP/USD has reversed from the 1.3850
resistance level . So, it is possible that this resistance level can stop the bulls and
price can drop once again. A strong break through this area will however indicate that
bulls will target 1.40 but that seems unlikely as of now.
Probable trade set-up - Based on the above analysis, and looking at the fact
that rejection candles have formed in the resistance area , short entries between
1.3840-1.3850 are preferred with SL above the resistance area and TP at 1.3720
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
GBPUSD Sell setup in makingGBPUSD entered a sell zone. If the price respects the spot, then we may see an extensive sell. We have to wait to watch the lower time frame and look for a sell setup.
1.38200 to 1.38400 is a good area for a good sell setup.
Do not consider this as a piece of financial advice—this Above chart analysis based on experience with the combination of technical and fundamental Knowledge. Please follow proper risk management parameters to trade in the market.
Have a nice day.
The Financial Regime
GU looks bearish!GU 4hrs Head & Shoulders. GU needs to break and close above this zone for us be to interested in buying. It's Monday so let it play out and we see where it will be the end of the day.
GBP/USD analysis for next weekHello everyone! Hope you all are having lucky and profitable trades. here is my analysis for GBP/USD, currently GBP/USD is ranging I will decide to go long or short after breakout of 1.39962 or 1.38035 horizontal lines, give a like for me, if you like my idea.
GBPUSD BUYThis is GBPUSD analysis, currently on 15 minutes timeframe but analysis was done on the higher timeframes to enable me understand where the market direction is heading to, so if you're interested in buying it you can do so right now.
Weekly Market Forecast for - GBPUSDDear Traders,
I continue to think GBPUSD put in a false break in late February.
That could trigger an extended move lower for the pair.
However, sellers first have to get through the 1.3800 region, which is a confluence of support.
Do that, and we could see the GBPUSD head back to 1.3500.
Alternatively, a bounce from the 1.3800 area would likely find resistance near 1.4000.
If you like this idea/analysis, kindly press the Follow & Like button and support us.
GBPUSD Forecast looking great!!I missed an entry on gu short just before as I took EU short. GU is consolidating sideways. You can take advantage of these moves by riding them up and down in the consolidation period. We have clear IMB to be filled above, With alot of equal highs created. Lets see if this liquidity will get swept to fill the imb . Been a great week of trading for me so far up over 35%!
GbpUsd- to maintain its rangeAfter reaching a local high at 1.4250, GbpUsd corrected around 500 pips and found support in 1.38 zone
The pair is trading in a very well-defined range now and I expect to continue to do so.
1.4 zone is resistance and, in my opinion, this resistance should be sold
Only GbpUsd back above 1.41 would negate this scenario
