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
Gu
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.
GBPUSD Short for 80+ PipsWhat's up traders! I've been watching and trading GBPUSD this past week with 3 successful trades clearing 150+ pips. We've been trading in a channel and we have once again reached the top of the channel so we will be looking for more shorts for this upcoming week. Here is what I'm currently looking at on the 1H for GU. Looking to see some price action to single the sale on Sunday evening or Monday morning. If we do see enough singles to signal a trade we will take the short for roughly 80 pips. This is not confirmed yet by any means! This is just something I will be looking for to set up.
GBPUSD Trading Plan - 11/Aug/2021Hello Traders,
Hope you all are doing good!!
I expect GU to go up after correction.
Look for 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.
GBP/USD – Week 32 – Expecting a bullish move.The Bank of England has kept monetary policy unchanged as expected but a less hawkish tone than expected has left the Pound lacking a meaningful bounce.
Last week, as we pointed out in our previous analysis the pair continued the bearish correction from the resistance level.
In the coming week, we expect a bullish move to start from the support area that we highlighted on the chart. Our first target will be a break of the resistance level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.