GBPUSD showing bullish signsGBPUSD has been showing bullish signs in the recent days and it may be a good time to buy the currency as it has the tendency to rally up to 1.22500 and then 1.23000. One of the key factors supporting this prediction is the divergence on TDI (Traders Dynamic Index) which is a technical indicator that helps to identify trend strength and potential trend reversal.
Additionally, the pair had a stop hunt taken on Monday, away from the psychological Support and Resistance level which is another indication of bullish sentiment. A stop hunt is a technique used by market makers to push prices away from key levels in order to trigger stop-loss orders and create liquidity. The fact that the stop hunt was taken away from the psychological level, indicates that the buyers are in control and that the pair is likely to continue moving higher.
Furthermore, the stop hunt area was tested again in the Asian session today which confirms the strength of the support at this level, and increases the probability of a rally. My short term target is 1.22500, and my medium term target is 1.23000.
Gbpusdlongsetup
GBPUSDAs a student of SMC, I've just spotted GBPUSD might be having a reversal of trend on the Daily timeframe as it already formed an inverted H&S on a downtrend.There is liquidity before that, market might have just grab the liquidity and may reverse at anytime. There is also a divergence formed between Market Price and RSI.
Drop down what do you think of this idea of longing GBPUSD.
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- At present the MARKET SENTIMENT for GBPUSD is slightly on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK being ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, because the FED is a bit HAWKISH, the XXXUSD PAIRS are getting slightly downward PRESSURE.
- The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a bit of a DOWNSIDE BIAS in the MARKET for USD. But after that GBPUSD can BUY until 1.2901 LEVEL. Before that, you can SELL at 1.1837 LEVEL. So go for GBPUSD LONG ENTRIES.
Be sure to pay attention to the UK GEOPOLITICAL STATUS.
If that MARKET SENTIMENT changes and STOCKS and COMMODITIES start to DOWN, it is risky to BUY GBPUSD. So keep an eye on the MARKET SENTIMENT. gbpusd
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- Currently the MARKET SENTIMENT for GBPUSD is on the UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK being ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week.
- The price can definitely move up to the resistance level above the GBPUSD. The reason for that is because there is a DOWNSIDE BIAS in the MARKET for USD. But before that GBPUSD can SELL until 1.1580 LEVEL. Then you can BUY at 1.2392 LEVEL. So go for GBPUSD LONG ENTRIES.
Be sure to pay attention to the UK GEOPOLITICAL STATUS.
If that MARKET SENTIMENT changes and STOCKS and COMMODITIES start to DOWN, it is risky to BUY GBPUSD. So keep an eye on the MARKET SENTIMENT.
GBPUSD w; bearish
d; bearish
4h; bearish
my confluences;
a break of a strong support and resistance zone
the break of the structure LL with an engulfing candle
broke below the 50/20ema which it already did
1h
engulfing candle break
bellow the ema's and away from the 14ema
sl; above the nearest structure that could be near 200ema
tp; next s/r
sentimentally; 31% sell which is amazing
GU BIAS: SHORT-TERM BULLISHGood morning traders, wishing you a profitable trade today. Currently, the support level of 1.1485 has been holding the price since last week now in the H4 timeframe, and it it's still holding. Mr. GU is pulling back above this level, failing to make a new low. As a result, a bullish candlestick is forming to change the price bearish direction to a bullish direction. If this current candle closes as a bullish tail candle, then it's safe to long this market and aim for 30-50 pips or exit at the immediate resistance level. Also, the 61.8 fib level is being respected: the price is hovering between the 50 and 61.8 fib level snow. The levels to consider for exit: 1. 1590 and 1.1712. Wait till 10 am before going long, that is, wait for this current H4 candle to close. Don't rush.
GBPUSD Long Trade SetupA bullish opportunity recently presented itself on the pound-dollar trading chart. This follows from the bullish harami candlestick pattern which printed just above the 1.14000 psychological level. A stop loss below the same psychological level and a profit target anywhere between your entry and the swing high of 1.22956 could give you a reward-to-risk ratio as high as 5 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
Rooting for you!
Your FX Plug
FX:GBPUSD
GBPUSD Gonna LongGU create a classical bullish butterfly pattern with Strong Bullish divergence. So, i anticipate GU 400pips long opportunity!
GU Support Immediate Support : 1.153xx If not Honoured then GU gonna 1.144xx. And Surely GU long long from these Demand zone! Happy Trading with money management.
DISCLAIMER
Remember, there is no place for luck in trading - only strategy!
This analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions. We are the only one person who is responsible for our physical, mental health, relationships, success, and money in our lives. So taking a risk on the markets based on this idea is only and only your decision. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this idea. Here i anticipated as price action, do not constitute investment advice, Because i'm not your financial advisor. The author of this analysis does not accept liability for any loss or damage.
It’s time to long GBPUSD?Hi traders as we can see we are sitting in a good support if price can hold this support we can enter long after a candle confirmation and also a double bottom pattern but there is no confirmation yet. Note (double bottom pattern is a reversal pattern from downtrend to uptrend)
If you like my idea like it and comment your opinion
Good luck all☺️