GBPUSD hourly chart analysis, uptrend continuation is likelyGBPUSD has managed to stay above the crucial 100H EMA, which implies that the uptrend is still intact.
The dip may be considered as a temporary pullback. The area I have highlighted in my chart could be a possible buying area for targets of 1.3150 and 1.3200.
The overall market structure is still bullish and I will be looking to buy between 1.3030-1.3060 level. Only a strong break of the 100H EMA will imply that the uptrend has been broken.
Gbpusdbuy
GBPUSD / STILL LONGAfter doing some more studying of this pair I can see that price is heading towards its weekly resistance level where it was rejected from previously
If we take notice of the 50MA price has bounced off it several times which indicates a strong bullish move to resistance
I also see bullish divergence on the daily which indicates price is in an uptrend
I will wait for confirmation on the 15m timeframe before entering this trade
GBPUSD and Buy Area (8/7/2020)Buy limit
1.25275
SL at 1.25100
TP1 at 1.25440
TP2 at 1.25615
TP3 at 1.25770
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
GBPUSD: Bullish Trade Idea to target 1.2850 GBPUSD bullish scenario is supported by the following factors:
1. It's moving perfectly in the ascending channel.
2. Hidden bullish divergence formed on MACD for the continuation upwards.
3. Break out of the most recent falling trend line within the bullish channel.
4. The next target of 1.2850 is derived from the confluence of Fibo Extn's on the prior impulsive moves.
Enter your trades once the lower timeframes get aligned with the daily setup.
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
GBPUSD BUY - middle bollinger band, blue moving average is nicely pushing price to go up.
- it is in a downtrend UNTIL it broke the trend line, the middle bollinger band and the BLUE MA confirms it is a buy.
-**Not shown in the picture** but the Ichimoku cloud is also acting as a nice resistance zone. When the Ichimoku cloud is SHOWN then we can see that the clouds changes colors to red to green which gives us another confirmation to buy.
GBPUSD, 4hr tf, buy on channel breakoutBased on the 4hr timeframe we could see a descending channel on this pair.
Today we got a solid candle close outside of this channel. Not only price closing outside of descending channel but also above the structural resistance.
Buy GBPUPSD 1.2420
Stop loss 1.2355
Take profit 1 @1.2480
Take profit 2 @1.2540
GBPUSD - SWING - 23. JUNE. 2020Welcome to our weekly trade setup ( GBPUSD )!
-
1 HOUR
Very bullish price action occured.
4 HOUR
This week did open really bullish, we expect another pump.
DAILY
Overall bearish waving market at range low, looking for a push to the upside.
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FOREX SWING
BUY GBPUSD
ENTRY LEVEL @ 1.24810
SL @ 1.23600
TP @ 1.26480
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPUSD - LONG AF!!As we can see price took a massive nosedive in the past and has tested the highlighted resistance level several times before dropping below it.
I can see there is a setup coming to go long and get a fair few pips!.. Once price breaks out of resistance I think its safe to go LONG and hold the position until it shoots back up to its old highs.
GBPUSD - SWING - 16. JUNE. 2020Welcome to our weekly trade setup ( GBPUSD )!
-
1 HOUR
Strong market manipulation right now.
4 HOUR
Takeouts and high volatility, expecting a push to the upside again!
DAILY
Overall Bullish market downside right now, good entries.
-
FOREX SWING
BUY GBPUSD
ENTRY LEVEL @ 1.25940
SL @ 1.24890
TP @ 1.27750
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN