GBPUSD 05/09/2022 to 09/09/2022Price while moving in downtrend it has recent resistance at 1.1600/1.1657 & also creating a new low breaking the previous one. now on a high tf pov price needs to respect 1.1600/1.1657 as resistance if price is to continue to go down in respect to the downtrendline.
And a breakout of the resistance would result in the breakout of the downtrendline leading gj to go for some deepr retracemets all the way to the next major resistance at 1.1755.
Gbpusdweekly
GBPUSD Weekly Chart Analysis From 29 AUG to 2 SEP 2022GBPUSD closed the week with such bearish engulfing move after a retest on a newly formed downtrendline. so if gu is to continue moving down then it should keep on respecting the zone at 1.1939 as its resistance & continue to push down by breaking below 1.1716.
my GBPUSD trade ideas weekly movement Hellooo...My Dragon Friends
i see GU have movement reversal up. but lets see...my "reversal up" target maksimum just at 1.3420-25.
if cross over that number, example 1.3450, will see break that line, can go to 1.3650-1.3750 (maks).
and we call GU make some little uptrend.
But if cant break 1.3420-25, its just reversal UP, to make more downtrend and make lower low number.
Lets See
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i already try to make Buy at 1.3300 (reversal from 1.3279) and still hold it.
My SL now at 1.3280.if break 1.3450 i will add more lots, and my first lot move to ZERO LOSS/ENTRY POINT.
i hope we can make money from this strategy.
GBPUSD weekly movement (12-19 October)Hellooo...My Dragon Friends
i see GBPUSD already break the triangle.
i see will go to down trends to our old target at around 1.3290-1.3310.
but if break upper line, resistance, i can see inverse SHS pattern, and can go to
resis 1 at 1.3750 and resis 2 at 1.3855.
Lets See
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u can see the other link, at daily time frame
GBPUSD Weekly Movement (28/09 - 05/10)Hellooo...My Dragon Friends
i see GBPUSD already break triandle and confirm double top pattern.
and already break 1.3600, that the strong support.
i think GBPUSD if want back up just go to 1.3610-40, and will get down trend again, and we sell it from there and end TP at 1.3300
Or just we that bearish flag and go to 1.3400.
Lets See
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GBPUSD Movement for Weekly (10-17 August 2021)Hellooo...My Dragon Friends
For this correction this down trend is 1.3850, 1.3800 and 1.3770 (for my watchlist)
if going back up, I will make by, ig break 1.4000 I will add more buy for TP at 1.4250 again
but break 1.3750 I will add more sell for TP go to 1.3550-20
Lets See
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Waiting On Bullish Confirmation Or Continued Short SignalThis pair has an interesting setup I want to play out no matter where it goes. If it continues to go down, it can possibly form a harmonic for the bull, or just keep dominating for the bears.
If it decides to shoot up sooner than later, that means a pullback is complete.
So I am waiting it out until it hits a zone to determine the next trade.
Here are your TPs:
BULL
• 1.24148
• 1.25035
• 1.26229
BEAR
• 1.23033
• 1.22306
• 1.21150
Weekly GBPUSD ForecastThe pair ended a cycle up in wave ((A)) from the 9/3/2019 lows at 1.3519 where the hourly is turning down. While a bounce fails below there it can see a pullback correct the cycle from the 9/3/19 lows. While it shows it will remain above the 9/3/2019 lows where the 4 hour right side is up it can see another swing higher in the correction of the cycle lower from the 7/15/14 highs.
Weekly Buying Area.
1.2550-1.2500
target: 1.3500-14000
Stop Loss: 1.2350
Good luck !
#GBPUSD Prediction Next WeekThe graph above contains two interesting technical patterns
1. Doji-A Doji is a name for a session in which the candlestick for security has an open and close that are virtually equal and are often components in patterns, What Does a Doji tell us? Most of the time it comes as a sign of reversal And that's what happened
2. Three White Soldiers - is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart-And that's what we think is going to happen then the third candle is supposed to happen now
That 's why we recommend to Buy!
Buy GBPUSD:
Take Profit: 1.3580
Stop Loss: 1.3050
Buy GBPUSD Based on Multiple Timeframe Trend ContinuationThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Short GBPUSD Breakout Long Term Based on D+W TF For 330 PipsI've been out of action for a while but hopefully back with full force :)
We broke out from our rising wedge and now waiting for the pullback before entering a sell position and a long term target of 1.27786
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
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.