Get started

Gpbusd

GBPUSD - SWING - 16. NOVE. 2020Welcome to our weekly trade setup ( GBPUSD )! - 1 HOUR Bullish market structure.. 4 HOUR Expecting further upside movement.. DAILY Great long entries prices broke above main sr level. - FOREX SWING BUY GBPUSD ENTRY LEVEL @ 1.31850 SL @ 1.31170 TP @ 1.32890 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
51
GBP-USD Daily and Trend AnalysisGBP-USD Daily and Trend Analysis It took decades for sterling to drop below the 1.4000 price mark well it looks like it may take another decade for it to break above that. The daily chart on the cable looks quite bullish for the past few days however the H4 begs to disagree seeing a closeup on the trend reversals, the UKs economy on the other hand haven't been too promising for a bullish sterling. In the coming days we could likely see price play around the 1.3---level but only for a while as the market is poised for a decline in price. Traders and investors will be paying more attention to the breakout below the consolidation channel of the ABC Elliot wave pattern at the price level of <1.28-- ❇️ Trend Resistance R1: 1.3100 🛑 Trend Support S1: 1.2800
Short
by nicholasilechie
GBPUSD SHORT Through the start of the week, I shorted on the GBPUSD at an OB that happened to be invalid and banks managed to pull me out at break-even, Anyways the run candle managed to be a BSL purge run. The candle reached the typical 20 PIP institutional run before staying under that. The new OB managed to reject price allowing the price now to finally plunge. Overall I'm expecting the SSL to be hit again this week. The bear market FIB states to be a premium market meaning banks would be selling their long positions now to make a new low. However, in the overall trend in general (daily) we happen to also be at a discount so I would also expect after a few SSL runs we can have a huge bullish rally to a new high.
Short
by CertifiedJimenez