What Do You Think About Buying GBPUSD?The way i see it, price will obey the inverted flag until it touches the upper bounds of our equidistant channel.
Buy within the yellow box.
Do not trade if you trading system does not permit you to risk your capital on corrective waves .
FX:GBPUSD
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment.
Gbpusddaily
21September: GBPUSD Road To $1.37700After the DXY looking for the last pump towards the new ATH, that index booked its way for making the last cycle of anticipation.
Today is the Canada federal election and normally when any country went out for election, their currency will went on bearish.
Thus, this bearish impact to all current both currencies in EUR and GBP. Pumped up with the last enforcement from the dollar index today.
Ahead towards the FED meeting next tomorrow morning GMT+8, all currencies and crypto trembling.
On the GBPUSD pair, I am predicting this pair will going towards its way to $1.37700 by today morning.
Zezu Zaza
2048
GBPUSD analysis on the daily chartFirst: It is in an uptrend, meaning that the general trend is buying.
Second: It broke a continuation triangle, and its targets are 1.39851 - 1.41029.
Third: The formation of double bottoms, and if it breaks through the neckline 1.39013, its target becomes 1.41029.
Fourth: All of this, provided that it does not break 1.38246.
GBP/USD Daily Fib Retracement & Fib Extension ShortGBP/USD is at the .886 retracement from the high to low, and is at the fibonacci extension of 1.272 of the last recent low to high. Also the structure we are in is looking bearish considering it is going up but the channel is looking weak. What do you guys think? Let me know thank you
GBPUSD bull trap probabilityI discussed about the probability of the GBPUSD to result into a sling shot which can also be referred to as a bull trap. I think its better of waiting for price to make a pull back before buy low the GBPUSD for more bullish anticipation.
What do you think GBPUSD traders?
GBPUSD Short (Sell) Trade Setup IdeaGBPUSD has recently broken out from a range that dates back to June 2018. There's not much in the way of the current rally and price is quickly approaching a relatively strong supply zone. Keep an eye on price action at lower time frames as it approaches the sell zone for potential shorts.
There is a strong possibility that this supply level will fail to hold and the next level for shorts on the daily timeframe would be 1.43, however, the zone there is slightly weaker. The next strong supply is at 1.47.
GBPUSD Resistance Testing Here in GBPUSD, it about after 500pips stop at resistance area from where it will do testing probably & then it'll try to break it or to repeat the testing step again. Well, the trend is still Bullish & further up moves are considering as to be taken. While if it go on breaking the resistance take trade till the last resistance level. All level of resistance & support are mentioned there.
I HOPE THIS ANALYSIS CAN GIVE YOU A BETTER IDEA.
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P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.