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Gbpusdbuy

GBPUSD | The Cable is ready to be pulled out of the ocean#GBPUSD 4H | #Swing trade The Cable (nickname for GBPUSD) has been in a bearish since March. And we think it might be time for this pair to reverse. So we are bullish on this pair for the next few weeks. Technically, The Cable has already broken the bearish trendline that has formed in late April, which indicates that a change in trend is about to happen (in the short-term at least). :newspaper: Fundamentals to look out for: - U.S. CB Consumer Confidence - U.S. New Home Sales - U.S. Core Durable Goods Orders MoM - U.S. Gross Domestic Product (GDP) QoQ - U.S. Initial Jobless Claims - U.S. Pending Home Sales MoM - U.S. Crude Oil Inventories Risk ONLY: 2-3% Good Luck!
Long
by UncleBullFX
GBPUSD - SWING - 19. MAY. 2020Welcome to our weekly trade setup ( GBPUSD )! - 1 HOUR Bullish price action and pressure above previous sr level. 4 HOUR Overall very bearish market turning bullish again. DAILY Expecting a push to previous resistance level. - FOREX SWING BUY GBPUSD ENTRY LEVEL @ 1.22330 SL @ 1.21160 TP @ 1.23980 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
Long
by DACapitalTrading
31
GBPUSD POTENTIAL BUY SETUPPrice has been trending down and has reached a key support level on the daily. If price respects this level, I will wait for an inner trendline break to open a long entry. Overall, if this has happened, price is pulling back for a retracement to eventually continue down. The Take Profit 3 area is 61.8% of the entire move down and is a key level. ______________________________________________________________________________________________ If price does not respect this level, I would wait for it to break through, retest and enter for the sell. If we are signaled for a sell, I expect price to travel to the long term support zone ~1.14XXX
Long
by kacijackson
GBPUSD BUYFollowing up from the previous analysis of EURUSD and knowing that these two pairs correlate with each other, it gives me an idea of where GBPUSD is heading long-term. Right now we can see that an ascending triangle is forming which suggests that price is on it's way up. Therefore, i'm looking to buy when price breaks the resistance zone at 1.26470 to then take profit at the next resistance zone. And if price breaks that too i'll look to enter once again for a buy with my take profit set at the successive resistance area.
Long
by brightidafum