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Gbpusdtrade

GBPUSDCurrently, we have the completion of an ABCD pattern and we had the failure of the resistance zone in the range of 1.20509, and in dealing with the resistance zone based on the most important pivot point range in the range of 1.20673, we see a negative reaction in the role of resistance. The three ranges of 1.20509 and the range of pattern completion at 1.20351 and 1.20213 based on the pivot can form supports and it climbed up to the range of 1.20673 and then 1.20641. If the expected support fails, we will continue the reduction targets.
Short
by maryammh
GBPUSD Long Term Analsis (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Downtrend in red color (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White Levels are stop losses or levels and trends that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBPUSD-EXCITING SELLING OPPORTUNITY!!Dear Traders, hope you all doing great, wanted to give some time to the market after NFP last friday, we have an good selling opportunity on GBPUSD . As we look on the longer timeframe we identify the key important area where price may attract to after strong bullish impulse as DXY reversed as we had expected. Longer term bias on GBPUSD is bearish as we expect DXY TO continue the bullish trend . PLEASE DO LIKE AND FOLLOW FOR MORE!
Short
by Setupsfx_
23
GBPUSD SELLHappy weekend guys, so a quick one on GU so basically we are looking to sell GBPUSD Why is because on The Monthly TF we are Currently on a down trend, I will break it down Educationally to be very much understanding, so on the weekly/daily we have a support zone or level which ever one you may call it that need to be tested properly before we can eventually see a bullish continuation, selling because we had a very nice down trend market structure and we are Currently on a resistance lvl, also on the Daily TF we broke trend line nicely. So that’s all for now Please drop a Comment on what you also think on GU. Thanks and have a lovely weekend
Short
by GoCrazyfx0
2
#GBPUSDIn the time of 4 hours, by checking the monthly time on 2 static and dynamic resistances, we are in the range of 1.21884, and checking the movement and choosing targets assuming the correction range is the best strategy. It is expected that by touching the range of 1.20213, we will reach the target of 1.19646 in the second range. The second and third target range between 1.19646 and 1.19211 is a dense resistance range, and considering the coverage of the previous 3 waves in this range, it is completely It is thermal. On the other hand, if the range of 1.19211 is touched, a retracement with 61.8 qibu in the range of 1.19294 can complete a zigzag. And finally, if we reach the bottom of 78.6 fibo, we have another area to complete another percentage of zigzag. Areas between Fibo 61.8 and 78.6 can be a range to form or complete a divergence to begin with. (following the price movement is the best option to better cover the steps)
by maryammh
GBP Intraday support bounce & inverse H&S pattern?! 09.02.2023Nice combo of bullish short-term indications. Support trend-line since October 2022 to today just confirmed again with aggressive bounce (3rd test of trend-line). 3 lows with middle lower low show potential for inverse head & shoulder pattern (bullish) with 1.2170 middle neck-line resistance , with daily candle close above 1.2390 may be reached very quickly. A break above 1.239 may lead to 1.2540 resistance which is connecting highs since back to August 2020 resistance trend-line. Drop below 1.2117 may lead down to 1.1650 longer term with daily candle close (very much less likely) could be a great stop loss below 1.2117 and take profit at 1.2390 for much greater reward than risk.
Long
by Exactus
2
GBPUSD : The edge 9.5 Let's keep it simple and understandable. 2007-2020 lower high descending trend-line which was broken to up-trend Mid 2020. Currently between 1.198-1.2250 is the retest range of this breakout and up-trend support. The bounce from the retest may take GBPUSD to 1.2680 quickly on it's route back to the weekly trend breakout. At the same time, we have a high potential bullish reverse head and shoulder that is forming around the retest area as a second shoulder. The Dollar is stretching around extreme overbought conditions and historical horizontal level of resistance. This is in line with the retest which is currently ongoing. Make informed decisions trading and always consider the bigger picture. --------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading, if you found my idea useful please like and follow - It would truly mean a lot to me. If you have any questions please don't hesitate to ask - I'll be more than happy to respond to each and everyone. Best of luck and enjoy your trading :) ---------------------------------------------------------------------------------------------------------------------------------
Long
by Exactus
7
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2700 LEVEL. Before that, you can SELL at 1.1837 LEVEL. So go for GBPUSD LONG ENTRIES.
by benny_marshall