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Gbpusdbuy

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. #Trade_Like_A_Magnate
Long
by Magnatrio
GBPUSD - BUY OPPORTUNITYLooking to Buy GU in buy areas and to close in TP areas (+30pips) Buy 1: TP area 1 40pips. TP area 2 90pips Buy 2: Initial profit at 30pip. then target TP area 1 68pips and then TP area 2 117pips. Entry Criteria: - Looking to take this setup on signs of reversal - Will not execute BUY if price shows clear break through of Buy Areas with strong bearish momentum - If buy executed, will look to hold trade to price area 1.3962 (depending on price action at TP areas) Trade Safe - Risk management is key!
Long
by PathaanKhan
GBPUSD bullish scenario:In this pair, you can find a technical figure Channel Down. The Channel Down has broken through the resistance line on 27/07/2021. GBPUSD forming a bullish formation on a daily chart. If the price holds above this level you can have possible bullish price movement with a forecast for the next 11 days with a target of 1.39651. Your stop loss order according to experts should be placed at 1.3572 if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
1
GBPUSD BullishGBPUSD create in daily Lower Low & RSI indicate Higher Low! So, its a clear strong Bullish Divergence! 1st TP 1.374xx 2nd TP 1.379xx GBP/USD has hit a fresh five-month low as worries about the Delta covid variant rise. GBP/USD's tumble below the 1.359xx it was also exacerbated by the risk-off mood in markets, which favors a light to the safety of the US dollar. The delta strain is spreading rapidly all over the world, causing investors a rethink the economic recovery. The dollar's breather early on Wednesday and cable's inability to take advantage of it is a bearish sign. A currency pair that cannot recover is set to tumble. Advanced vaccination campaigns in the US and especially the UK should keep hospitalizations and deaths at low levels – this wave is far less deadly than the previous ones. However, the suffering has yet to peak – it is still not the time to buy the Delta dip. Sterling was also hit by dovish comments from Monetary Policy Committee member Jonathan Haskel, who prefers refraining from tightening. Brexit issues continue weighing on the pound. The EU and the UK remain at loggerheads around the Northern Irish protocol. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
Long
by mahfuzazim_TA