Gbpusdlongsetup
GBP/USD potential long opportunity. GBP/USD potential long opporutnity. Waiting for price to break resistance level and retest it as support. I'll be watching closely how candels react to level and maybe if we can see any candlestick patterns form, that'd be great. This is
for educational purposes only and should not be construed as investment advice.
GU update !!Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair.
Monthly : We have an overextended "W" Formation and we retested the neckline and aggressively rejected it.
Weekly : We do have a rising Wedge and we just broke above the upper trendline and retested it and we are ready to continue to the upside.
Daily : We have a retracement that was rejected by the last Fib level and we expect the price to rise again for a potential long opportunity.
COT : Institution have been longing GBP massively since we went from 9600 Net positions to over 30000 Net positions during the last Month and previous reports.
We also looking at a strong USD since we have a bullish DXY and institutions have been adding long on the $ index during the previous weeks.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
Trade safe !!!
GBPUSD LONG TP HITOur GBPUSD trade which was entered at the start of the week hit out Take profit mark at around +6 percent in profit. This trade was effectively active for around 60 minutes in total before activating our TP zone automatically.
GBP/USD Trading in Ascending Wedges.Hello traders, GBP/USD is trading at 1.3673. The price is trading in upward resistance and support channel and can continue the same trend. As the impact of FED interest rate is fading and the pair has already touched its support level, it can rebound back from here to continue trading in upward resistance and support channel. The price can touch its resistance level at 0.3774 after rebounding from support level.
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
GBP/USD Technical Analysis.Currently, GBP/USD is trading at 1.3596. The price is trading at 2 years high and now it can consolidate before moving back upwards. If the price breaks 1.3620 level then it can continue its up trend and its target price will be at 1.3724.
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
GBPUSD pushes!GBPUSD seems to continually be bullish, after Brexit deal finalised and only a slight restraint on lockdown rules, potential for more upwards movement! TVC:DXY continually bearish which backs the bullish potential. Triangle pattern forming including increased spacing on the 20,50,200 ema.
GBP/USD Technical Analysis.Currently, GBP/USD is trading at 1.3260. The pair is trading in an upward trend and can break the resistance level for further continuing the same trend. If the price breaks the resistance level at 1.3280, then it can continue the uptrend and touch its target price at 1.3468.
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
GBPUSD Uptrend continues above 1.3150The PoundDollar is resuming its uptrend after a correction.
The price has behaved as expected stopping at the 50% retracement.
15 Mins Price Behaviour: Consolidation and Breakout at 50% retracement level.
We have seen the first impulse and a pause. This pause is an opportunity to Buy into the uptrend.
Stop Loss is still recommended to be the Low of Yesterday. We need to see another impulse before we can use this morning correction low 15Mins as a stop.
I encourage you to count the waves.
Always count 4 Impulse and 3 Correctives.
Trade with care.
GBPUSD more upside expected above 1.3153Market Phase: The current situation in the cable is still Up-Trend
Last Action: The last significant move in the gbpusd is a Higher High created above the previous Higher high .
The truth about the trending market:
- A trend will continue in the same direction for as long as possible
- A trend will not change easily
- A move in the opposite direction of the trend is an opportunity to trade in the direction of the trend
- A trend will only change after a STRUCTURAL FAILURE.
Trade Approach & Execution:
Price has retraced to the 37.5% of the last action , We have now seen participation at this level.
Buy GBPUSD; When 1hr Candle Closes above 1.3153
Stop Loss: 1.3120
Target1: 1.34210 Fibonacci Target1{23.6%}
Target2: 1.35970 Fibonacci Target2{61.8%}
....................................
Trade with care.
GBPUSD potential setupWe had significant breakout on the GBP, now is trending down a narrow channel. Monitor this trend, look for breaking out this range, but careful of any false breakout either up or down. I think if we move below 1.296 suspect will back down significantly. I though am hoping that can go long this one once we see significant movement north.
GBP/USD: bullish signal triggeredhi !
analysis done, so here is trading theme
in my opinion we are into buy the dips theme for the coming weeks with 1.34 area as the first target.
in case the theme gathers momentum, we may print above 1.3730 still this year
good luck!
Strong Buy On GBPUSDHello,
GBPUSD is set for a buy. On the daily time frame, a bullish inverted head and shoulders pattern is being formed. The current price has broken the neckline of the pattern, retested it and is moving bullish. My Tp is set at 1.33840 because that's the highest price has reached.
Strong Buy on GBPUSDHello,
GBPUSD is set for a Buy. On the daily timeframe, a bullish inverted head & shoulders pattern is being formed. Current price has broken the neckline of the pattern, retested it and is moving bullish. I set my Tp at 1.33840 because that's the highest point price has been recently.
GBPUSD LONG - 600 PIPSRECOVERING FROM THE PREVIOUS DECLINE WAS SEEMINGLY SLOW, WHICH CAN ALL BE ATTRIBUTED TO THE BRETIX ISSUE, BUT WITHT THE DECLINE OF THE DOLLAR, WE MIGHT BE SEEING THE POUND GAINING STREGNTH SLOWLY TO ACHIEVE A NEW HIGH FOR THE YEAR 2020.TRADE WITH CAUTION
