GBP USD SHORT!!!GBPUSD is looking good for a short, continuous down trend on higher time frames, with price reacting to the downtrend outlined in chart mark up. Additionally price is at a level of resistance, where it is acting positively. Fib shows us that price is additionally reacting to a key level,, again giving us an indication of the market staying bearish . recent wicks left on multiple time frame show heavy bottom candles, supporting the decision to short. Finally, the 200 EMA is at price. TP is set to a previous high where market has reacted, and SL the same.
Gu
Time for a bullish momentum on GUHello traders, i am back this week with a new perspective and a new vision over GBP/USD this time.
I`ve placed multiple buy limits positions around 1.36 zone because i think we will reach again our demand zone and that strong psyhological level which is a Daily support and we have big chance to hold again.
And i am expecting at least some confirmation before our bullish momentum to began, most probably will have a candle confirmation.
GBPUSD Trading Plan - 16/Sep/2021Hello Traders,
Hope you all are doing good!!
I expect GBPUSD to go UP
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Buy Limit GU- We had weak momentum to the downside creating descending channels breaking the lows and retracing showing price does not want to continue to the downside
- At the bottom we got another channel with a smaller descending channel showing more weakness
- we get a strong push that breaks through the channel with little to no wicks
Entry: 1.38240
Stop: 1.37990
25 pips
GBPUSD ShortHello traders,
i see a possible opertunity on GU for a short position , i am going to let the price action do the work and see how the pair is going to react on 1.37785 level. i am expecting to get another touch on the bearish trendline , as the price has rejected also the specific level 3 times already... waiting for the confirmation.
GBPUSD - Bullish Price Action, Buy OpportunityGBPUSD is developing a bullish flag on the 1H and 4H timeframes.
With EURUSD going up to retest previous months high after touching monthly support last week, GBPUSD is highly likely to go up.
The fundamentals also support a GBP bullish bias with recent hawkish tones coming from the BoE.
Price target of 1.40 area is realistic for GBPUSD.