Gbpusddaily
#GBPUSD, continues with long direction Downward trend.
Serious support in 1.2019 with a strong possibility for increases in the above area
The gbpusd stopped just in support and confirmed it with some positive candles.
Direction: Long
Target: 1.2280
GBPUSD 1D CBDOkay so lets start off by talking a little about the weekly time-frame before we digest the daily. Price so far has reached our weekly mid-range support (1.27000) and by the looks of it it seems to be holding.Of course at the time of writing this the market is still open and you never know what could happen in these periods of time. So far price has been bouncing of the monthly key level (1.32000) and the weekly mid-range support (1.27000). But lets just say current price dont fluctuate much and the weekly mid-range support holds, i am anticipating a retracement of the daily time-frame up to 61.8% which is above our daily resistance zone (1.28959).
Keep in mind we got daily resistance zone (1.28013) to breach before we can head up to our retracement target. 1.28013 is slightly below our 38.2% so we can call this confluence at that level which can also hold and price continues on with its current momentum from there on.
So im gonna have to say im in a neutral position as we simple dont know if price will continue to bounce of the monthly key level and the weekly mid-range support level, but we can still get an idea of what could possible happen .
GBPUSD Consolidation: Look for BUYS at SupportGBPUSD is consolidating which indicates we can see some rebound in prices near term. However, there are still chances that the price will reach 1.2480 area.
That being said, swing traders can think about accumulating BUYs at this level. Even short-term traders too can look for buy entries at 1.2610-1.2630 with SL below 1.2695. TPs can be set at 1.2680 and 1.2730
GBPUSD Waiting to Go LongGBP Pairs have been on bearish for the past two weeks, due to political pressure and BRXT,
buying them is too risky now. Trade it with care and with manageable lot size.
Good Luck and happy trading!!
GBPUSD ASCENDING CHANNEL BREAKOUTRecently price was travelling in an ascending channel, however we did just see a clear breakout, several 4 hour candles closed below the channel. Right now price has come back up to retest the channel, also at the 0.618 which is the perfect reversal point of any wave. This suggests price will take a fall, our targets are marked above on the chart.
Our first target is the previous Lower Low, our second is the next support zone and our third is the -0.217 extension level of the fib wave we used of the previous wave!
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The #GBPUSD is in a free fallThe GBP USD technical model is a bearish model, and our recommendation is to stick with the trend.
Our target is 1.2600
#GBPUSD 50 pips of short-term profitAfter an average gain of 200 pips, there is a good chance of fixing the gbpusd price of about 50 pips from the current price-1.3056
Take profit: 1.3003
Supply & Demand - GBPUSD - Bears Coming To Town?We had a nice short opportunity present off a FRESH supply created a few weeks ago on the GBPUSD. As we all know, GBPUSD has been a complete mess over the weeks.. We do have a demand near lows but we have touched this point in the market too many times and the bulls keep getting weaker.
I believe we ARE going to see the bears come to town and eat up this demand and we will see a drop on the GBPUSD down to 1.28500 to 1.28000 as a potential downside target. Let's see how this plays out over the next couple weeks.
#GBP Weekly forecast. In March the gbpusd emerged from the downward trend temporarily it has been in since April 2018, Is currently on a rising green channel with opportunity price.
As long as we do not fall below 1.2960, the recommendation will remain a buy recommendation
Buy GBPUSD:
Entry Price: 1.3034
stop Loss: 1.2960
take profit: 1.3370
2019-03-11 16:53 GMT+08:00 GBPUSD Daily Buy
Open conditions:
1. Buy market at 1.2999
2. EMA (20) > MA(72)
3. Pull back up to EMA (20)
4. Pull back more than 30pip today (almost)
5. Already bear for 7 days,
and the buy bars are bigger and bigger
6. London market opened 2 hours (only 38 mins)
7. Assume ATR is 105, more than 50 pips to TP
Stop loss:
1. 40 pips
2. 1.5% risk, try if the price will turn up
Take profit:
1. 1.3065 (65 pips)
2. Daily volatility
3. Don't trail stop loss
2019-03-08 14:30 GMT+08:00 GBPUSD Daily Sell LimitOpen conditions:
1. Sell limit at 1.3105
2. EMA (20) < MA(72)
3. Pull back up to EMA (20)
4. Pull back more than 30pip today
5. Yesterday pull back and touch MA(72),
then dropped down strongly,
so maybe today we can open position just
around EMA(20)
6. London market opened 2 hours
7. ATR(5) = 90, more than 50 pips to TP
Stop loss:
1. 50pips
2. 3% risk
3. High probability go down,
but we don't where to begin,
so add stop lost to 50 pips
Take profit:
1. 1.3020 or 50pips
2. Daily volatility
2019-03-06 17:10 GMT+08:00 GBPUSD Daily
Open conditions:
1. Sell at 1.3165
2. EMA (20) < MA(72)
3. Pull back up to EMA (20)
4. Pull back more than 30pip today
5. London market opened 2 hours
6. ATR(5) = 90, more than 50 pips to TP
Stop loss:
1. 30pips
2. 2% risk
Take profit:
1. 1.3115 or 1.3085
2. Previous low or daily volatility
GBP/USD SHORT 1/08/19 TARGET 1.26 - 1.250As stated in my last TA of GU this pair needed to stay above key level 1.275 other wise we could see this pair fall to as low as 1.250
That is what we currently are seeing, i feel 1.26 is coming soon and maybe 1.25 shortly after.
That being said I still feel this pair has the potential to push up to 1.3 some where in the near future.
GBPUSD bullish speculationExpecting a turn around because we have reached a major support and the pair is oversold in 1 and 4hrs including daily.
IF we manage to break 1.26, we might got as low as 1.24 and turn there, it all depends on much steam DXY has.
DXY has also hit a major resistance and its overbought in my time frames.
GBPUSD Sell Targets (Daily)Target 1 hit - channel break measured move
Target 2 - next key price level
Target 3 - measured move from previous range break - coincides with 0.236 fibonacci retracement
Wait for break below 0.382 - supported on lower time frames
Supported fundamental analysis - rising dollar
GBPUSD Buy setting upCable just testing the downtrend line, i am looking for a strong breakout and a linear compression to take long position. Watch out this market.
Happy Trading.
GBP/USD plunges amid Brexit newsGBP/USD plunges amid Brexit news
Due to existence of a strong selling pressure in the area between 1.3440 and 1.3450 marks, the cable could not climb higher and was forced to make a rebound. However, as this turnaround matched with news coming from Brussels, the Pound lost more than 100-pips against the Dollar and ended the week at the psychological 1.3300 support level. Today the pair is expected to resume the upward movement, even though it is unlikely to exceed the 1.3380 mark, as this area is reliably secured by the weekly and monthly PP as well as the slipping 55-, 100- and 200-hour SMA. In other words, without another fundamental impulse the pair will be forced to retreat once again. In larger perspective it looks like the Friday’s plunge led to transformation of a medium descending channel into the falling wedge formation.
GBPUSD at Key Fib LevelWatching the GBPUSD for a short trade at a key fibonacci level on the daily chart. Keep your lower timeframes alert for a short trigger which will confirm the move that will ensue. Lower prices for the pound as long as it stays below the 78.6% fib level
