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Gbpusdsetup

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.
Long
by mahfuzazim_TA
GBP/USD Getting ready for a 250+pips moveTo understand what is happening in price we need to do a top down analysis starting from the monthly time frame. Also it is important to look at what the dollar is doing. Monthly: The price is sitting in an important demand zone that has being rejected twice. Also the dollar is strong and has surpassed the supply zone. This scenario could mean that the Dollar could be taking liquidity. Weekly: The price has created a double bottom and the price is also over extended. Also there is an M formation , we could expect the price to make a retracement to the neckline to complete the pattern. If we take the fibo from high to low the .618 is in confluence with the neckline. Daily: The price is accumulating and over extended. This is a clear sign that the price is getting ready to make the move to the upside.
Long
by Wiiso
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBP is on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be DOWN due to MARKET RISK OFF. It affects the POUND greatly. GBPUSD may be slightly UP after this DOWN. - Definitely, GBPUSD can go up to the high RESISTANCE LEVEL. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. But GBPUSD can go up to 1.1854 LEVEL. And after that the market can go DOWN, GBPUSD can SELL to the 1.1500 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it.
by benny_marshall
GBP/USD potential double bottom, price may riseThe value of GBP/USD has fallen steadily over the past few trading sessions. However, the downtrend may come to an end soon and we may say a recovery in price. A potential double bottom at 1.1770 level might give GBP/USD bulls the much-needed impetus to take the price upwards towards 1.23 level. It seems that a lot of retail traders are long in GBP/USD. However, my recommendation is to buy GBP/USD between 1.1760-1.810 with SL below 1.1720 and TP at 1.23 . Traders must approach such anticipatory trades with partial lot strategy.
by YourLazyTrader