LONG on GU!For me the cup and handle formation will happen. 38 fib confirmed a continuation pattern of the bullish move. we've been down training for a while respecting the channel however I suspect it to break this time. A lot of buying pressure will come in on the retest of the trend line and will see GBP sore on a falling dollar.
Gu
2022 Forecast of Chaos DXY and it's effect on EU GU etc.In this forecast I am predicting what will happen somewhere between first and second quarter 2022. I expect that volatility will be injected into the markets allowing central banks to clear liquidity on both the buy and sell sides, wiping out many retail traders. The camouflage of a crisis event i.e. higher covid rates, or some sort of terroristic event can/will be used to whipsaw price back and forth creating and similar pricing event to what was seen in 2020. Then I expect that dollar will continue bullish into the 3rd quarter. while opposing currencies crumble.
Have a prosperous year,
Amongst your Getting, GET UNDERSTANDING!
GREAT GBP/USD TRADEIf you saw my post about the dollar index I mentioned that I was looking for GU buys… Perfect 1:3 risk reward ratio risking 2% so I made 6%… My gold trade was a loser so currently up 4% for the day… If you could make 2% a day and compound your money by reinvesting 100% of your earnings, your on your way to being a millionaire. Happy trading #diamondbrotherscapital
GBPUSD BUY IDEAThis is my analysis on GU, lately I've struggled with this pair however it is still the only one I trade along side gold.
I don't trade using trend lines alone, I do use them to spot areas of price that I think could pose a threat of being breached.
This is clear in my shown analysis. I think price looks almost ready to drop from where it currently is but given that Monday will be the first trading week in the new year i will be extremely cautious around entering.
Any questions on this analysis just ask.
GBPUSD: Daily Update (31/12/21)Good morning traders!
GBPUSD has been trading sideways over the Asian session. It has just swept the Asia low, I now expect the price to sweep the Asia high before we pull back into some key levels of buying demand.
We created some minor equal lows on the way up that I expect will be taken if bulls want to continue.
I will give you updates shortly on how I plan to approach trading today depending on price action.
Please be careful trading today, it is the last day of the year. Month-end flows usually call for some strong moves due to portfolio rebalancing by investors.
GBPUSD: Bearish Plan of ActionGood morning Alkalites!
GBPUSD has the potential to start a mild bearish trend retracement to collect more buyers.
Ideally, I would like to join the sellers on a pullback. If I can join at the bearish imbalance created within the supply, I will be very pleased.
If we can position ourselves in a good sell, we should have no issues getting the price down to the strong demand points created on the way up.
What is your view of GBPUSD today?
GBPUSD - Coming up to a Demand zone - Bullish long termHello folks!
I'll be looking at going long on GU once price action comes down to the demand zone shown in rectangular area and price breaks out of the current downtrend channel. I'd be expecting lower time frame trend reversal and confirmation with new demand zones in conjunction with a clear trend up to go LONG.
GBPUSD Overview week commencing on the 13th Dec. 2021Weekly Chart - bullish momentum (not very significant candle)
Daily Chart - Daily chart in a downtrend, broke previous level of support and trend-line also. Previous candle bullish engulfing.
H4 Chart - A lot of indecision, however downtrend is still being maintained last fib being respect 61.8%.
30m Chart - break of minor level of support (watch out for potential of range), would like to see a retracement to a fib level and resistance point before taking a short position
Weekly outlook for Major Forex Pairs Hi Folks!
This is my outlook on some major forex pairs that i trade for the upcoming week.
Please have a tea and some snacks and enjoy my video and prepare your charts for the upcoming week with me.
This video is just for educational purpose, not financial advice, please DYOR before taking any trades.
If u like please hit the Like and Subscribe.