GBPUSD - SWING - 06. APR. 2020Welcome to our daily trade setup ( GBPUSD )!
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1 HOUR
Strong reaction from 1.22 support area.
4 HOUR
Price broke back into main trend and PA with strong pressure.
OVERALL
Looking forward another push to the upside after we pullback to 1.22840!
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FOREX INTRADAY
BUY GBPUSD
ENTRY LEVEL @ 1.22840
SL @ 1.22150
TP @ 1.23800
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Gbpusdbuy
GBPUSD Weekly OverviewGBPUSD we had a boring week for the long term traders but nice good range for the scalpers
If GU failed to break back inside the range there is a possibility that we see another return toward this area,1.2100 it could be a possible support area for next week .so if that doesn't hold then the next support will be neckline 1.8700.
***Comment your thoughts down below!
GBPUSD - INTRADAY - 03. APR. 2020Welcome to our daily trade setup ( GBPUSD )!
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1 HOUR
Bullish pa comming up, looking for a push to the upside.
4 HOUR
Sideways moving market, high chance to push towards highs.
OVERALL
Range trade, market moving in a s/r zone.
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FOREX SWING
BUY GBPUSD
ENTRY LEVEL @ 1.24000
SL @ 1.23560
TP @ 1.24610
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
The confluence of Lower TL Support and 100H EMA (Possible BUY)GBPUSD is consolidating in the hourly chart for the last 5 to 6 days.
However, it seems like the consolidation phase is about to end very soon.
Since the trend has been up for the last two weeks, placing Buy trades when the price drops seem like a better choice.
I am looking at the confluence of 100H EMA + Lower TL Support as a possible buy entry.
Based on Bullish price action in the Lower TFs, I am looking to buy at 1.2340-1.2360 with SL below 1.2250.
TPs will be placed at 1.2450, 1.2600 and 1.2870 respectively for multiple trades opened.
GBPUSD - INTRADAY - 02. APR. 2020Welcome to our daily trade setup ( GBPUSD )!
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1 HOUR
Consolidating market and price action increasing.
4 HOUR
We will have a break of this range eather short or long with higher chances of a long break.
DAILY
Good long entries with midterm trend and bullish pa overall.
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FOREX SWING
BUY GBPUSD
ENTRY LEVEL @ 1.23780
SL @ 1.23360
TP @ 1.24310
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! Confluence Support Idea DXY (USD) is currently trading Stronger than GBP, meaning Sell Bias;
However!
Analysis has it Price is at Confluence of Supports-- Trendline and 1.13883.
Multi-level profit targets are presented with anticipation of weakening DXY to gaining of GBP.
Note: Idea is to To complement your research.
Check comments section for future updates on idea.
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Thank you and happy trading.
GBPUSD sell tradeGBPUSD
The pound is under selling pressure its lost almost 1000 pips against USD
We can expect further downward movement in coming days
Suitable short positions may open at 1.17690
Potential take profit will be 1.13450
Stop lose may placed above the topside resistance zone which is 1.19480
Leave your valuable comments below
GBPUSD#4--->Waiting buy: Good day, dear #investors and colleagues #traders!
Your attention to the analysis of the currency pair #Gbpusd:
The asset ended the week with a decrease of 775 points or -5.79%. This is the worst drop of # pound, it was worse only on the day of #Brexit, if we consider modern history.
The volatility of the current week amounted to 931 points (Range - coefficient).
#Comment_by_past_week:
The currency pair ended the week with an incredible decline, and given that the euro did not suffer so much against the dollar, it should be concluded that the main reason for the fall was the spread of government bonds.
From March 9 to Friday closing, the US10 & UK10 spread widened from 0.32 to 0.58. Although these are minimal changes for an ordinary trader, these are great indicators for the bond market.
The Fed intends to lower the rate next week. Rate futures suggest a decrease in this indicator from 1.25% to 0.5-0.75% with a probability of 100%.
Moreover, there are rumors that the Fed may provide repos to banks for $ 4 trillion and lower the rate to 0-0.25%.
If this happens, the spread between the bonds will narrow and the currency pair will rise again.
#Technical_analysis:
Globally (D1):
The currency pair came close to the global support zone 1.23-1.20 from where the pair was in constant demand.
The likely place to buy may be zone 1.2178.
Locally (H1-H4):
The currency pair is falling in the downward channel, breaking 2 times over the past week, first on March 12, then on March 13.
Now, if the current quotes have already shown the bottom, then you can use it to build the Fibonacci.
#Indicative_analysis:
- Leading indicators: At the close of the trading week, leading indicators of the fund, demonstrate the presence of a currency pair in the "zone of potential purchases."
- Indicators of price behavior: At the close of the trading week, indicators of fund price behavior demonstrate the exit of a currency pair from "Normal price behavior".
- Trend indicators: At the close of the trading week, the stock trend indicators show a steady downward trend.
=> Total: All indicators indicate extreme oversold currency. Thus, we will use any stabilization or growth of the currency pair as an opportunity to open long transactions.
You can see the exact purchase prices at our signal or in our social networks.
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