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Gbpusdsignals

GBPUSD | Perspective for the new weekI have taken quite a number of short term personal trades off public eyes due to my inability to find a long term perspective to share with you on this pair - GBPUSD. From the current set-up tonight, I think I am seeing something concrete that we can hold on to for an extended period of time. Recent developments reveal that the GBPUSD has advanced to its strongest level in two weeks at $1.363 on Thursday with the initial reaction to the Bank of England's (BOE) rate decision and I am of the opinion that this might be the beginning of a potential rally (maybe short-term). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom) Observation: i. It is obvious that since June 2021, the Pound recorded a drop of over 7% in value against the Greenback to find a bottom at $1.32 in December 2021 and have since been finding higher lows to give room for a potential rally (see daily chart) in the nearest future. ii. And after the test of $1.375 in January 2022, price action respected a trendline structure which guided price to a new low at $1.336 on the 27th of January 2021 which is higher than the previous low. iii. Moving on to the 4H chart, a significant level was identified at $1.351 which I shall take to be my key level at this juncture in the market. iv. Even as the trend line drawn over pivot highs reveals the prevailing direction of speed and price action in the last couple of weeks, the breakout at the beginning of this month could be a signal that the trend is about to change. iv. During last week trading session, we witnessed price action breaking out of the bearish trendline and this feat shares a confluence with the breakout of key level @ $1.351. v. In this regard, I suspect that the early hours/days of the new week might see the price dip to test the Neckline of the Double bottom @ $1.33600 to incite rally continuation. vi. So I have identified a new demand level around 50 to 78.6% retracement of the impulse leg (breakout move which should also respect the new bullish trendline that I think will mature at break above $1.36) for buying opportunity but please note that the area above the key level confirms the bullish bias. vii. And if a dip does not happen, a reversal structure above the key level should make more sense to take a long position... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:4 Potential Duration: 5 to 12days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPUSD As i said in the last weeks... "as I have been saying since May 15 ... As with EJ, GU consisted of the same patern and 1 week chart and 1 month chart what makes me prepare for Sell 700-1000 Pips as I say for a few weeks! ...However, even if it can reach the 1.38-1.38500 area again, in the next period I will continue to search for SELL until the 1.29500 area. THIS WEEK...GU went down as I expected and hit my No.1 target again ... this week I expect a small corrective move and then ... DOWN again to my final target Pay close attention to the news about the new coronavirus ... it can cause big manipulative movements NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
11
GBP/USD Sell Opportunity The pound has been dropping since June 2021. In the last six months, the pound has not been able to break the trendline resistance and support the trendline. Currently, the GBP/USD is hovering close to trendline resistance. More than 450+ pips have risen from trendline support in the last 20 days. That's why I am expecting that market may have some corrections. We should not sell if only the market stays at the resistance level. We can keep in sell mode from the resistance level only when the market creates a bearish pattern. We will enter a sell position only when the GBP/USD creates a bearish pattern from the trend line resistance. If the GBP/USD closes below the current level of 1.3472, we can think of the sell position as well. Because breaking below the 1.3472 will confirm immediate support trendline breakout, or if we see the pound tested 1.3610 / 20 rate, we can also execute our sell order with 80/100 pips stops.
Short
by Gold_Trading_Expert
2
GBPUSD Why it is still a sell for the year 2022This is a (very) long-term chart of GBPUSD on a multi-decade long basis on the 1M time-frame, as I want to make a clear case why, despite of December's rise, the pair will remain a 'sell' during the majority at least of 2022. I've plotted the Sine Waves to illustrate the sense of long-term Cycles on this pair. As you see, for the past 20 years at least (since 2000), the Sine Waves manage to fairly accurate display the multi-year cyclical effect. Bottoms (green arrows) and tops (red arrows) happen to be very close to where the Cycles suggest. An indicator that greatly compliments this approach is the CCI. As shown, when the price is close to the Sine Wave low and the 1M CCI is below -100.00, then GBPUSD is at or very close to its Cyclical Bottom (green arrows). Similarly, when the price is close to the Sine Wave high and the 1M CCI is above +100.00, then the pair is at or close to its Cyclical Top (red arrows). Right now, the CCI is exactly on the CCI middle (0.00) having previous been above +100.00, thus pricing the Cyclical Top (Feb - May 2021). Based on this strategy, the Bottom isn't yet in for this phase of the Cycle, thus my bearish outlook for 2022. The next Cyclical (long-term) buy opportunity should emerge in 2023 once the CCI breaks again below -100.00. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
2
GBPUSD How to trade the upcoming 1D MA50 testGBPUSD has been trading within a Channel Down since May 2021. It is about to test the 1D MA50 (blue trend-line), being the closest to it since breaking below it on October 29. As per the July 21 - 29 rebound, the Resistance on this rally is the 0.618 Fibonacci retracement level at 1.3580. A break above this level, will most likely not be contained within the Channel Down and may aim for the 1D MA200 (orange trend-line) as the CCI has already shown more bullish momentum than any recent rebound since it broke above its July Resistance. If on the other hand the price gets rejected on the 0.618 Fib, I expect the Channel Down to prevail once more and aggressively push for the -0.236 Fibonacci extension as a Lower Low at 1.3005. Similarly if the 1D MA200 does break for the first time since September 15, I would expect a bullish extension towards the 1.236 Fib at 1.4000. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
3
GBPUSD | Perspective for the new week | Follow-upWith over 500pips in our direction since my last publication on this pair (see link below for reference purposes), we might be looking forward to a Bullish momentum in the coming week(s) following the Breakout of the Bearish Trendline during the latter part of last week trading session. It is clear that the Pound went back and forth during the course of last week trading session before breaking through Key level @ $1.32300 to incite a possible bullish momentum that could either be a retracement or an outright reversal. Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Breakout) Observation: i. After my last publication on this pair, we witnessed a 4.2% decline in the price of the Pound against the Dollar. ii. And since price tested the $1.319 area, a sharp rejection of this level in the last two weeks could be a reversal signal as sellers continue to find it difficult to break through this area. iii. The visual representation of a line (Bearish trendline) drawn over pivot highs reveals the prevailing direction of price action in the last two months. iv. The multiple rejections of $1.319 led to the Breakout of Key level on Friday appears to be a signal for me to prepare for buying opportunity against the new week. v. The early hours/days of the new week might see a price plunge into the Key level to incite the potential rise in price. vi. In this regard, above key level @ $1.323 shall be a comfortable area to take on a Long position with an opportunity to add to the existing position at Breakout/Retest of $1.327... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:5 Potential Duration: 3 to 7days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPUSDAs i said in the last week... "as I have been saying since May 15 ... As with EJ, GU consisted of the same patern W and 1 week chart and 1 month chart what makes me prepare for Sell 700-1000 Pips as I say for a few weeks! If we look into the left on the one-month chart you will see that even if it closed below level 1.42, Gu has climbed up to Zone 1.43700 before he descends 2300 pips! This week I will look for Sell but a possible closure even on 1 day above Level 1.42 will make it 150-200 pips and from there Sell minimum 700 pips!" THIS WEEK...GU made the first drop of 700-1000 pips as I told you a few months ago ... it has passed the number 2 target and is heading towards the number 3 target! However ... I expect a retreat move to around 1.35500 before a new descent! Pay close attention to the news about the new coronavirus ... it can cause big manipulative movements NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
6
GBPUSDAs i said in the last weeks ... GU rejected from the 1.37800 area and started the descent towards my final target for this period! however ... considering the macroenymic period of this period I expect that it will retest 1.37500 but it will still reach the target of 1.35500 in a short time THIS WEEK...as I told you 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 NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
1
GBPUSD | Perspective for the new weekDespite long-term Bullish expectations on this pair, the Pound appears to be on the verge of a slide amidst Brexit trade deal worries. The identification of reversal candles in the last days of last week trading session is a reflection of the news informing the possibility that the European Union could terminate the post-Brexit trade deal if the U.K.'s disagreement on the Northern Ireland border deepens. With price action contained within a Descending channel in the last four months, I look forward to the breakdown of the confluence - Key level @ $1.37500 and Bullish Trendline to short the Pound in the coming week(s). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Descending Channel | Trendline | Reversal pattern (Double Top) Observation: i. Since the beginning of the month of October 2021, the Pound rode on a Bullish Trendline to test the $1.38350 zone during last week trading session. ii. The visual representation of a support line drawn under pivot lows revealed the prevailing direction and momentum of price action in the last three weeks. iii. However the appearance of a reversal set-up on the lower time frame immediately price hit the $1.385000 zone could be a clue that we might be on the verge of a risk of further decline in price. iv. Double Top: As stated above, the extremely bearish technical reversal pattern in play after the price reached a peak two consecutive times ($1.38350 & $1.38320 respectively) with a moderate decline between the two highs is awaiting further confirmation in the form of a breakdown of Neckline @ $1.37500 which is also a Key level. v. In the coming week, it is appropriate that we look out for further confirmation which will happen if the price falls below the confluence of a Key level and bullish trendline @ $1.37500 (Neckline of Double Top) - a level which also equals the low between the two prior highs. vi. It is also worthy to state here the significance of the overall Bearish set-up after the price broke below the $1.9500 zone in mid-June 2021. This level later witnessed multiple rejections that sent price spiralling downwards within a descending channel. vii. Connecting the lower highs and lower lows of price action with parallel trendlines since the beginning of June 2021 is a consolidation phase that reveals an underlying downward trend masked within a Descending channel. vi. In this regard, I shall be looking forward to taking a short position below the key level @ $1.37500 in the coming week to be on the safe side with an opportunity to add to the existing position at a Breakdown/Retest of $1.36000. NB: All this been said, it is pertinent to state that if price breaks out of Channel to the upside the narrative so far shall remain invalid as a correction of the Breakout shall signal an opportunity to join a potential rally... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:4 Potential Duration: 4 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
6
GBPUSDDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible I said in the last weeks ...just like EURUSD , GU reached target 2 and made the 700 pips that I have been talking about in the last months and now it is time to do a new analysis ... In the next period I think it will play more on economic factors taking into account the economic crisis in the UK but in the long run ... I think GU will start a new rise of 200-300 pips even if it can, it will test the 1.34500 area again GU closed above the extremely strong 1.34500 area formed in the last 5 years and on the 1 month chart it rejected from the Fibonacci 0.5 area but I repeat ... pay close attention to the economic news in the UK because the decline could be wider ... 200-250 pips and from there UP again to 1.37 THIS WEEK...GU reached and even exceeded 1.37 as I said now ... I see an extremely dangerous period! Judging by the pattern of the letter M that he made in 2018 and because it closed under the green support in zone 1.37800 ... I will continue to bet on SELL until zone 1.34 and from there ... I will reanalyze! however ... any closure even for a day over the green lines should give us the trend for the next period! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS