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Gbpusdideas

GBPUSD, Further ShortOn the Weekly time frame, the last two daily candles closed below the EMA-200 dynamic support in a descending price channel within a monthly falling wedge. There was a breakout of the falling wedge which under normal circumstances would have been a bullish start at the base of it, but this decline was as a result of the rising DXY index over the week past. The retest into the wedge by the last daily candle was resisted by the EMA-200 support. This signifies huge declines in the coming days. The upside swing of the DXY index is also evident backing further declines of the GBPUSD. Resistance: 1.25331 Support: 1.23083, 1.22743, 1.21523
Short
by AbeikuGlobal_FX
1
GBPUSD Long Term Analysis (Daily Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 2 Downtrend in red color (Long Term and Short Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Daily Level (In White) We have been respecting if we broken we will have a big drop downward toward the support levels. White Levels are stop losses or levels and trends that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Uptrend in green color . We have 1 Downtrend in red color (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White Levels are levels from my past ideas published (Last 4H Support published yesterday) or levels that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBPUSD | 2 Longs & 1 Short | Empires rise and fallGeneral GBPUSD in an interesting spot. Its under the bottom of the current minor range which is in confluence with the weekly open and its at the 50% of a monthly range. I marked out 3 trades i would take either or all. Be aware that i usually use LTF (such as the 1 hour chart to plan my entries). Meaning the SLs and RR are not completly as shown. 1. Long (Blue arrow) Prices moves reclaims the bottom of the minor range and finds support atleast at the weekly open. Entry around the entry. Target: A bit under the 50% of the range SL: Depending on the LTF entry i wouldnt want to see it loosing the weekly open or the 50% of the monthly range. Time duration: Days, weeks, months, years... ;) 2. Long (Orange arrow) Price reclaims monthly open and the 50% of the minor range. Enter around retest. Target: Level 3. Nice confluence with the start of the recent downtrend + a big resistance area SL: Loss of the 50% level and break under monthly open Time duration: Days, weeks, months, years... ;) 1. Short (Green arrow) Price falls under level 1 and level 2. Preferable a reclaim of the weekly open / 50% major range / bottom minor range happened before breaking down again. (see smaller green arrow). Target: The next big support level SL: A bit above level 1 Time duration: Days, weeks, months, years... ;) Good luck
by a_tale_of_bulls_and_bears
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 2 Uptrend in green color (LONG TERM AND INTERNAL TRENDS) We have 2 Downtrend in red color (LONG TERM AND INTERNAL TRENDS) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Yellow Levels are levels from my past ideas published or levels that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 2 Uptrend in green color (LONG TERM AND 2 INTERNAL TRENDS) We have 2 Downtrend in red color (LONG TERM AND 2 INTERNAL TRENDS) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Yellow Levels are levels from my past ideas published or levels that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham