GBPUSD LongLonging the cable. Pound reached the support area I was looking for in the previous post, I expect a bullish run in the next couple of days/weeks. 200EMA and 50EMA crossed in 2h time frame. according to Forex sentiment 63% of the traders are Longing the pair, this is not financial advice but my views on the pair. Make sure to use proper risk management and I wish you a good trading week.
Gbpusdlongsetup
GBPUSD BUY AREA Depending on if we get another rejection from the area of 1.34100 I will be looking at buy trades once again. This area could continue a 4 hr uptrend for a bigger retracement or be an area where price breaks and continues its sell off, I will be patient Monday but watching these areas carefully. Hope everyone has an awesome week and wish everyone luck!
GBPUSDAs i said in the last week GU reached my No. 1 target and was almost close to reaching the 2nd!
in the next period I will wait for a strong retest movement and then ... I will continue SELL until my target no.2 from where ... I will reanalyze the whole situation
THIS WEEK...exactly as I said ... GU also reached my number 2 target and made 800 of the 800-1000 pips predicted a few months ago
this week I expect a retreat move to target 1 and from there ... DOWN AGAINS to 1.30
However ... a closure even for 1 day over the number 1 target means a new range in this area
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*This information is not a Financial Advice.
GBP/USD Technical Analysis.Currently, GBP/USD is trading at 1.3821. The price is moving in sideways trend from last 1 week and can consolidate in the same range before breaking resistance and support level. The pair may start a new down trend if it breaks the support level at 1.3740. As the pair was moving in up trend from some time and there is a lot of fule left in the pair to touch its strong resistance level at 1.3955. If the pair starts a new up trend by breaking its resistance level at 1.3836, then its first target price will be at 1.3892 and second target will be at 1.3955.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
GBPUSD Long Symbol: GBPUSD
Time Frame: 4H
Bias: Long
The overall price direction is long for gbpusd. We can expect a further move in the established direction. We have plaotted a short term momentum move for gbpusd which s=has some positive correlation with eurusd and other synthetic instruments. Let's hope for the best.
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Incoming Bulls : GBPUSDFX:GBPUSD
Price has intentions of grabbing the liquidity initiated by the long bullish drive mad by smart money but for this to happen price needs to mitigate the OB before the move began
Now we see liquidity will be taken out then price hits pink rectangle before clearing out EQHs
GBPUSD LONG TRADE IDEASApologies for the mic sound quality, my daughter messed with my dials lol... Idea for next moves on GBPUSD which will also correlate with long positions on EURUSD as well. Make sure you do your own analysis also, remember this is to my structure and plan so it may not line up with the way you trade. Make sure your always minimizing risk for the great reward... risk reward is everything!
GBPUSD-short#GBPUSD
In a larger timeframe, GBPUSD has broken out of bullish and has completed retest so now the trend is bearish in long term.
While we are looking in H1 timeframe market has fallen from strong support after that has formed an ascending correction. So it is confirmed market will go for sell up to the next support level.
Note: Analysis is just for educational purposes, not financial advice.
GBP/USD Technical Analysis.Currently, GBP/USD is trading at 1.3886. The pair is trading in a downward resistance and support channel but from some time it is consolidating in the same range. If the price breaks the resistance level at 1.3937, then it can start a new up trend and its first target price will be at 1.3983 and second target will be at 1.4034.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat