Gbpusdwavecount
GBPUSD 11/05/2021Here is my continuation analysis in GBPUSD from my previous video analysis yesterday.
Disclaimer: This is my personal trading setup !! please use this as a comparison with your own analysis.
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GBP/USD SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Notice: ALL TRADES today especially major-pairs are very risky ahead the ADP-Figures!
GBP/USD: Daytrade-Execution
Market-Sell: 1,33600
Stop-Loss: 1,34050
Target 1: 1,33150
Target 2: 1,32895
Target 3: 1,32630
Stop-Loss: 45 pips
Risk: 0,5% - 1%
Risk-Reward: 2,16
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Peace and good trades
Irasor
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GBPUSDat the bottom chart ull see following gbpusd since the top, and predicting the structures aint easy all tho most of the charts came up very true.
so here im with reviewed technical about gbpusd, since this last structure looked very familiar if u scroll a bit back in 4H ull see same structure from lows.
considering it will be a diagonal we have some further down pressure and brexit ahead of us, so my thinking is that with brexit nearing things gets volatile where we will get same correction from the few days ago and will go to new lows with support at that blue line or even to the green aat bottom, will that be lowest low or not need to follow what will make on the way...
GBP USD Wave count Wave 4 in Progress = ABC
Division ABC of wave 4 as follows :::
A is complete in 12345
B is in Progress ABC ( in Blue ) will be complete at 1.1960
C will be Long in 12345 to Complete wave 4 at 1.2960 ( Expected )
So Lets consider Long Right from 1.19600 till 1.29600
Regards
Elliot Wave By mazchaudhry
Trade at your own risk
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.
GBP USD ShortGbp Usd is short till 1.1950 level
Forming C Wave downwards in 12345
division of C wave Clearly visible on chart and it following it .
Today sure it will cover its GAP in 4th wave 5th will be final downward move .
Ride the short trend after the Gap is Filled .
Get your trades short till 1.19500 area
I will long on this area after completion of main C .
Regards , Thanks for Following .
Elliot Wave By mazchaudhry
Trade at your own Risk .
GBPUSD Trading Forecast for July 13, 2016As we stated in our last week's analysis, cable may rise up once more reaching 1.39-1.41 levels before downtrend resumes.
ZigZag is complete. What next?What type of a correction is in progress? Too early to conclude. But there is high probability for an impulse wave down to reach the bottom of the corrective structure. Then I am rooting for the correction to continue further. If price reaches this bottom structure, we will know by then if price wants to break out to the down side or turn back up for an interesting long trade.
