Professionals increased 9% long gbp by last four weeks, commercials increased 3% shorts as well. Due to strength in usd dollar gbp/usd in correction mode trend is still bullish. 1.3740-20 first demand zone, 1.3680 second demand zone if first support fails, split risk for long positions by mentions levels. 1.3950 & 1.4000 targets.
GBPUSD approaching a resistance. Potential that we continue higher as the U.K. vaccination pace is doing far better than the U.S. especially as vaccine supply is drying up in L.A. and N.Y., the two most populous and economic cities. I believe the recent rise in yields is giving the USD some strength, as we can see with a potential EURUSD bounce around 1.19750, so...
As we can see gbpusd bullish and making new pattern ascending broadening wedge as well he might respect this pattern until we got the confirmation iil be waiting for flag on 15m or breakout and retest the small pattern on timeframe 15m however gbpusd can be bullish if he break the previous high or resistance comment your perspective below !
Hello friends as i can see this pair has reached to a strong resistance level on Weekly based charts and on Friday it had rejected this level are close under this resistance so we are going to this pair with a small risk and looking for higher rewards Friends Push likes and comments it can support idea which will help to find this trade to other peoples Follow...
ANALYSIS ========== DAILY - BULLISH 4HR - BULLISH PLAN OF ACTION ================ IM EXPECTING PRICE TO COME RETEST THE 147.383 ZONE ON 4HR THEN WE TAKE BUYS IN LINE WITH THE HIGHER TIME FRAME INDICATION BUYS: ENTRY @ 147.383 ZONE EXIT ABOVE THE 148 ZONE SL BELOW THE 147.383 ZONE
I think it. So what is your expectations in comment below. So guys Let's look at it 😍😍😍🥰😍😍😍😍 with #hasanat_hussain_al_ahmed_hasan Stay With me Stay With trading Stay With idea Stay on trend
GBP/USD Long Predictive forecast using the Elliot wave analysis
As i am watching this pair is still testing the strong resistance zone and unable to break so we still thinking for a retrace till design levels if this pair make a break to up side then the trading setup will not be valid Friends push like and comments below follow us for more updates
As i can see this pair is fail to break last high and rejecting from resistance zone so we expect it retrace till trend line as $ showing us some recovery mode so w are selling this pair with a Small risk and looking for higher rewards Friends push like and comments Follow us for more updates
AS I CAN SEE THIS PAIR has break a daily & weekly strong resistance zone and now it tun in to support so we are buying gbpusd on dips from our buying zone and till that we are selling for retrace short term as we can see $ getting some strength after this pair reach @ buying zone we expect the DXY fall so it can be another significant entry for buying Friends...
AS I can see this pair make a double top on 4hr TF and break a strong support zone which confirm us more bears entering in the market to dump this pair till our design levels there is a lote of other reasons to sell this pair now which i cannot define here so this technical view showing us some new entry levels Friends push like and Comments we love ur support...
In the 240-minute chart, by price retracement from the range of 1.3446, the Diagonal pattern represents itself. The interesting thing in this chart was the 3rd wave from this pattern, which was in the form of a confusing Double Zigzag. The targets of the bullish trend can be extended up to the range of 1.3750.
The structure of the wave is in the form of three waves, and there is a scenario that we encounter the Diagonal pattern. Probably the 5th wave is shortened. By crossing the price from the range of 1.3539, we are waiting for a downtrend in the 2 / A wave.
As i am watching this chart GBPUSD break a strong resistance zone and fundamentally post Brexit deal done which is showing strength in GBP against $ so we are buying this pair from support zone and looking for some bigger rewards against small risk friends push like and comments Follow us for more updates
As you know, the price level of 1.3132 is a very important range, and if our price crosses this range, our scenario will be changed. According to the wave count in the 240-minute chart, wave iv has ended in the range of 1.3132 and the uptrend has started in wave V, which its targets can be in the range of 1.3900, the wave count has shown in the 60-minute chart.
As we can see this pair had a successful breakout on daily based resistance which now hold as a support as we had predict in our previous analysis which is on weekly based now we are buying this pair from key level support with small risk and looking for higher rewards Traders dont forget the Brexit Deal is still holding for a hope if this support zone is most...
Price will continue the upward trend towards Buy-Side Liquidity. This is the direction of institutional order flow and also the position of large pools of liquidity. This liquidity exists in the form of buy stops for breakout traders and also stop losses for short position traders. High probability of long setups forming toward this liquidity pool.