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Gbpusdidea

GbpUsd- Best place to buyAs I argued in my previous analysis, GbpUsd is bullish both on the weekly time frame, with the price confirming and reversing from 1.32 support and on daily, with the pair breaking above the corrective flag that took 6 months to form. At this moment cable is in a slight correction, and this can be a good opportunity for bulls to open long positions in the direction of the overall trend. The best place for this is the confluence support zone around 1.36 and this scenario is negated if the price fails to stay above 1.35
Long
by Mihai_Iacob
23
GBPUSD SELLLooking to short gbpusd long term. We are playing into a daily orderblock now and I would like price to spike higher into the 50% of the candle from where we can anticipate a drop. From wave analysis we can see that we have created relatively equal impulses and retracements so I'd like to see another impulsive move down from the current level. I would like price to drop down to 1.30000 as my swing target. This could take several weeks/months so please be patient when in this trade. Take partials and protect profits as market drops and when you're satisfied with profits. Note the stop loss i have shown here is very aggressive so take that into consideration if you take this trade. DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
Short
by Turtlesoup_Maestro
GBPUSD: Trapped Sellers Everywhere 🐻After analysing the volume and delta profile, it seems that a large number of sellers are found trapped down the chart where we have had previous fake breakouts. Now that we are in a major supply, it is likely to see some of these bullish moves being corrected. I will be waiting for a liquidity grab of the equal highs created within the supply, followed by a shift in the structure before I join the sellers. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
14
GBPUSD: Zone to Zone Compression 🎯Price is trading at the main supply near the previous high. I have illustrated the type of compression liquidity grab move I would like to repeat again before we start to see some downside. This pattern is very common near areas of interest. A battle between the buyers and sellers form before a liquidity grab is performed to reverse the trend. Do you like these setups? 💬 Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 🚨 RISK DISCLAIMER : Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
20
GBPUSD | Good Buy Opportunity. Hurry up!When it comes to GBPUSD , I think you might get a buy opportunity based on the current price range. If the support S1 holds the price you may take the buy position and target T1. Just incase, the price breaks through T1, you may also target for T2. And also, don't forget to place the stop below the previous support to reduce the risk. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by maxprofwizard