Second trend confirmation on GUSame markup and analysis as yesterdays GU. trend line test and taken as rejection, zone taken as rejection, on key fib level and finally heavy bottom candles indicating a bearing market.
Gu
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.
Divergence on GBPUSDGU has been in a downtrend for almost a month now. I see it going back to the 1.34 (major psychological level) zone. The hourly timeframe shows an RSI Diverge that can be used as an entry point.
Hope you can catch some good pips in this operation
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 LONG TO 1.38000 The trade was provided in consideration of various factors one of them being Gu changed the trend , Gu broke the trendline and it has retested Fib zone of 61.8. Now lets see it fly to 1.38000 hopefully
GU 💰🤷🏾♂️ Market Correction?The strong surge of the dollar last night has to correct.
The target here is the Resistance that's at 1.3689
#LETSGO! Secure the bag!!! 💰💰💸😜🔥💲
GU shortGU appears to have completed a distribution on the 4HR leaving an unmitigated last point of supply. look for LTF accumulation and buy into sell at LPSY
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.
ANALYSIS OF GBPUSD CONTINUATION OF UPTREND POSSIBILITYHigher timeframe analysis for the next bullish move on GBPUSD. Will further analyze when price reaches my 38.2% Fib point, but this is what I have in mind as of now.
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 short setupThis maybe only setup of GU this week. I haven't made any trades after like 3 loses in a row.
I believe it still downtrend to key level 1.3620 in D1.
Possible trade on highlighted zoneWe could have a possible push to the upside on the 1.37372 - 1.37204 zone.
GBPUSD Sell follow upIf you like this post and my other posts please give them a like as it lets me know how useful these are for everyone
WE ARE GOING LONG FOR GBPUSD THIS MONTH,,GBPUSD LONGWe have a clear rejection on the fib retracement level suggesting that we could try to reach on the previous highs.
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.
GBPUSDIf the weekly candle opens and breaks above then I expect the price to drop down further and then monthly to do it continuation to the downside. That is my view as of now
If weekly candles do a pullback to gather more volume then meaning it could move higher.
Week34-Th-GU Second potential entry on GU pair this week.
We can either chose first setup-High R:R (short SL-> easy to stop out) or second setup-Low R:R (long SL->more secure)
GU longwww.tradingview.com
1.3710 is strong key level. Can see Dark-Cloud Cover candle pattern in M15.
GBPUSD - SHORT POSITION (4HR)ACTIVE
- SL at breakeven
- Partial profits taken
- Downtrend
- Significant rejection candle at area of interest
- Short term trade
