Gbpusdprediction
GBPUSD Strong Buy To 1.25215| 28th April 2020|From the last week, I jotted down in my trading diary.
Expecting the bullish on GBPUSD is about to happen starting last week itself. I am spamming long on GBPUSD last week and profitable.
GBPUSD losing the grip on bear trader after the power has been change clearly by last week move. Bear trader already exhausted to spam shorting.
This week, the gain will about to set and I will open the long position and hold it for once whole week.
Expecting the price with hit my expectation key on 1.25215 level.
Good luck,
Cheers~
Regards,
Zezu Zaza
2048
GbpUsd predictionWe can see a channel in my previous post i told to take a short position which is now playing on our side now the flow up of previous analysis we can close your sell position and wait for long position as the market reaches the support of the ascending triangle and tp and sl are shown in the chart.
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Note this is not a trading advice and I am wrong 100%
Friday's Bearish Daily candle shows GBPUSD might drop below 1.20GBPUSD seems to have reversed from the 1.2470 area. There were multiple rejections at this level on the daily chart and the bulls couldn't breach this level.
Currently, the price has dropped below the all-important 100 hour EMA, which is a short-term indicator of the trend.
So, we are back to the Bearish Territory.
As per my analysis, GBPUSD might continue to drop till 1.1950 and even more.
So, my trading plan is to sell GBPUSD@1.2280-1.2350 with SL above 1.2470 and TP at 1.1950.
Disclaimer: This is just my personal trading plan and not a signal of any kind.
GBPUSD Possible LongSo, as many of you are aware that yesterday didn't go to plan for Theresa May, and many did assume that the GBPUSD was going to sink to the ground - which it did but didn't.
I have done some analysis on the GBPUSD going long with a Target @ 1.32000.
Let me know your thoughts, happy trading! :) GL
GBP/USD is so close to key place where we can open....GBP/USD is moving to key place for open Short
If take a look on chart, you could see that price have powerful downtrend. As you know most of the times trend is continue, it is safer to look for deals for Short near key levels. On chart, I see that price bounced several times from 1.3460, that mean, that level is interesting for big players.
For US is the best to Look for Short position near 1.3460
S/L: 1.3510
1T/P: 1.3210
2T/P: 1.3060
GBPUSD profit target reached once again, remain bullishBuy above 1.2510. Stop loss at 1.2421. Take profit at 1.2651.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly as expected. We now remain bullish above 1.2510 support (Fibonacci retracement, horizontal pullback support) for a further push up to 1.2651 resistance (major Fibonacci extension).
RSI (34) has made a nice bullish exit signalling that a further rise in price is expected.
GBPUSD right on resistance again, remain bearishSell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356.
Reason for the trading strategy (technically):
We remain bearish below 1.2546 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low support) especially with price making a bearish exit.
RSI (34) sees a descending resistance line holding price down really well.
GBPUSD reached profit target, turn bearishSell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356.
Reason for the trading strategy (technically):
Price has bounced and reached our profit target from yesterday. We turn bearish below 1.2546 resistance (Fibonacci retracement horizontal overlap resistance) for a push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low support).
RSI (34) is seeing strong descending resistance holding price down.