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Gbpusdanalysis

GBP/USD : Will it reach 1.29 level?Hello traders, let us take a look at the daily chart in GBP/USD. First of all, I would like to draw your attention towards the highlighted elliptical zone in the chart. If you look at the price action, you will see that there are signs of reversal in this zone. The last daily candle indicates bulls are back in the game Secondly, the horizontal support level has remained unbroken so far which indicates there is ample buying interest in the 1.2540-1.26 zone. A combination of these two factors gives us a bullish bias in GBP/USD. In my idea published on 3 April, I already recommended buying at the 1.2540 level. So, my plans remain the same, I would continue to buy the dips in GBP/USD as long as the support zone remains unbroken.
Long
by KaltoireCapital
9
GBPUSD Weekly Outlook: Analyzing Potential Trends and IdeasIn this video, I'll conduct a comprehensive analysis of GBPUSD , examining it from a High Timeframe (HTF) perspective down to our Low Timeframes (LTF) . This approach will provide insights into what to expect in trading for the upcoming week. Additionally, I'll delve into an analysis of the DXY to further enhance our understanding of market dynamics. Stay tuned for valuable insights and strategies. Kind Regards, The_Architect
by The_Archi-tect
Xauusd analysis is ready to target 🎯🎯traders Gold price is ready to fly My dear subscribers My technical analysis is for Gold below The price is coming around a solid key Level 2356 Now Xauusd market 2356 Support zone 2345 Target zone. 2415 Bis_ Bullish Technical indicators Pivot point low anticipates a potential price reversal Super trend shows a clear buy giving a Perfect indicators convergence perfect Indicators convergence Give us like and comments support us
OANDA:XAUUSDShort
by FxJoseph_7
GBPUSD: Exploring Buy OpportunitiesCurrently, I'm observing a continuation of bullish institutional order flow , particularly towards the H1 Buy Stops , which serves as our Draw On Liquidity . Price action is positioned at a crucial juncture, resting upon a significant H1 Bullish Order Block , aligned with a reclaimed order block — an institutional support zone. In this scenario, I anticipate this area to serve as a stronghold as we persist in our pursuit of a bullish trajectory. Furthermore, below the current price action lies a compelling H4 Bullish Order Block, characterized by a Liquidity Void. Should price action gravitate towards this zone, I'll be vigilant for a confirmation entry, signaling potential buying opportunities. Stay tuned for further updates and analysis. Kind Regards, The_Architect
Long
by The_Archi-tect
GBPUSD Trade Idea - Important Points To ConsiderIn the video, we analyse a potential trading opportunity for the GBPUSD. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. Additionally, I discuss my risk management strategy. Traders who lack a robust risk management plan expose themselves to significant risk and often encounter negative trading outcomes. It is crucial to incorporate sound risk management principles into your trading strategy. As always, please be aware that this information is strictly for educational purposes and should not be construed as financial advice.
Short
by fxtraderanthony
GBP/USD Daily chart analysis, is a reversal brewing for GBPUSD?Hello traders, let us take a look at the daily chart in GBP/USD. First of all, I would like to draw your attention towards the highlighted elliptical zone in the chart. If you look at the price action, you will see that there are signs of reversal in this zone . The last daily candle indicates bulls are back in the game Secondly, the horizontal support level has remained unbroken so far which indicates there is ample buying interest in the 1.2540-1.26 zone. A combination of these two factors gives us a bullish bias in GBP/USD. In my idea published on 3 April, I already recommended to buy at the 1.2540 level. So, my plans remain the same, I would continue to buy the dips in GBP/USD as long as the support zone remains unbroken.
Long
by KaltoireCapital
4
GBPUSD directional Bias is Bullish this week**Weekly Chart** Are you still thinking that markets are random? No, it is not. The Market is moving precisely as it is calculated and measured perfectly. The evidence is last week's move on GBPUSD as an example. The previous weekly candle closed as doji after testing the low of the range and breaking the previous week's high. The test of the low indicates that the price will have a high probability move to the upside. **Daily Chart** On GBPUSD daily timeframe, the price tested the low of the consolidation, created MC, and moved higher only to break the high of the previous range. Many professional traders closed their positions near the break of the high and collected short profits gains before NFP announcement last Friday. This week's direction is now clear, we will be looking for a long trade setup to enter the market. The next target will be above 1.3000 and then 1.31000
Long
by PropSignals
120+ Pips profit secured, more uptrend in GBP/USD?Hello traders, in our idea published yesterday, we advised buying GBP/USD@1.2540 zone as it was a support level. Currently, with price at 1.2661, the buy trade is in over 120 pips profit .( We have linked the previous idea below for you to cross-check) Now, let us take a look at the daily chart. We can clearly see that price has climbed back above the 100-day EMA level. This is a bullish sign The immediate resistance now lies at the 1.2670 level, which if broken would take the price towards 1.28. Our plan is to keep holding our buys from 1.2540 level and in case there is another dip, we will load some buys again.
Long
by KaltoireCapital
2
GBP/USD back to support level, price may rebound a bitHello traders, as I had predicted a week ago, GBP/USD fell after hitting the 1.28 resistance level. Currently, price is back at the 1.2530 zone. Please note that, there is a likelihood of further rebound in GBP/USD . Price has already rebounded more than 40 pips. We have already bought GBPUSD 1.2540 with initial target at 1.2650 If price dips again, I recommend traders to buy GBPUSD@1.2520-1.2540 with Stop loss under 1.25 and ititial TP at 1.2650 However, a fall below the 1.25 level would be bad for the bulls, so I advise everyone to apply proper money management while buying
Long
by KaltoireCapital
11
GBPUSD: Bullish Potential Post-Harmonic Pattern FormationThe GBPUSD currency pair has recently completed the formation of an XABCD harmonic pattern, with a notable rejection observed at point D around 1.2580. This rejection signifies a potential reversal in the price action. Presently, the pair is consolidating within this region, suggesting a period of indecision among market participants. Our analysis indicates a bullish bias for GBPUSD, contingent upon a breakout above the 1.2660 price range. A decisive breach of this level could signal the initiation of an upward momentum, prompting a favorable entry opportunity. For traders considering a position, we recommend entering upon the retest of the 1.2660 level, with a strategically placed stop loss at 1.2550 to manage risk exposure effectively. In terms of profit targets, we propose two potential exit points: TP-1 at 1.2770 and TP-2 at 1.2880. These targets align with key resistance levels and offer favorable risk-to-reward ratios for prudent traders. It is important to remain vigilant and monitor price action closely for any signs of deviation from the anticipated scenario. Adherence to risk management principles is paramount to mitigate potential losses and maximize profitability. Disclaimer: This analysis is based solely on technical indicators and historical price data, and it should not be construed as financial advice. Traders are advised to conduct their own research and exercise caution when making trading decisions in the forex market.
Long
by trading_jupiter