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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.
Long
by financialflagship
4
GBPUSD - BUY OPPORTUNITYLooking to Buy GU in buy areas and to close in TP areas (+30pips) Buy 1: TP area 1 40pips. TP area 2 90pips Buy 2: Initial profit at 30pip. then target TP area 1 68pips and then TP area 2 117pips. Entry Criteria: - Looking to take this setup on signs of reversal - Will not execute BUY if price shows clear break through of Buy Areas with strong bearish momentum - If buy executed, will look to hold trade to price area 1.3962 (depending on price action at TP areas) Trade Safe - Risk management is key!
Long
by PathaanKhan
GU Bullish Trade IdeaBased on daily timeframe structure, we are in an overall bearish market. Right now price is in a distribution schematic. I expect a move to liquidate orders and stop losses above the last daily swing high before continuing down. Here on the hour I expect another small push up to entice buyers in the market before falling to either untouched order block from the swing move up. After the big drop price would ideally climb to a new high to form the daily UTAD before distributing and crashing down to continue the overall daily downtrend.
by trendylj
GBPUSD Bullish BreakthroughIf you like this idea, give it a like and follow me for more :) Analysis done on the daily timeframe. If you zoom out, you can very clearly see a strong bullish trendline (bottom one). Price is currently very close to it. Over the past couple of weeks, price has been declining, creating lower lows and lower highs. This can be seen with the upper trendline. These two trendlines have created a wedge pattern, which suggests a breakthrough soon, and i believe the breakthrough will be to the upside. I've drawn out some key supply and demand (S&D) zones, as well as some key support and resistance (S&R) levels. I may enter a buy should price come down lower, but confirmation for my bullish bias would be once price comfortably breaks through the upper trendline. Updates to follow, follow me to see them.
Long
by darbova
9