GBPUSD 7/06/2021 - WEEKLY FORECAST TF 2HHello Traders!
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the eye signs.
Heart in the box - a place to take profits
Eye sign - spot to jump in, or watch
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
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GOD BLESS U ALL!
Gu
GBPUSD PROBABLE BUY SETUP GBPUSD has been in a bullish trend on the 4H recently, visible by the direction of the trend-line marked out.
Significant HH and HL points have been marked out beautifully following the structure of the market. Now on a breathing spree,
traders are battling themselves on what direction market is going to take at this juncture.
Nevertheless, presented on the chart is my opinion of how I see the market playing out...
A PROBABLE BUY SETUP ON GU COMING IN.
MY JOB IS TO HAVE PATIENCE AND HAVE THE MARKET PLAY OUT UNTIL IT REACHES MY ZONE
WHERE I LAY WAIT TO TRIGGER THE SNIPER SHOT TO 1.4250 OR BEYOND.
GBPUSDAs I said in the last weeks ... If we make a parallel between the chart on a week and one month because the month of May closes ...we can see as in both they are at the end of W and expect an imminent descent!
if the month of May closes below 1.41800 I will look for SELL for at least 500 pips! if not ... I will wait for a new climb to the 1.43500 area after which ... DOWN AGAIN 700-1000 pips!
You can see that on the 1 week chart, the bands formed in circles have exactly the same configuration!
THIS WEEK...as I said last week UG started the descent but has not yet left the critical area! I will wait until the beginning of the week to see if Friday's massive withdrawal was just the NFP effect or will it continue to climb ... but for now I will start looking for SELL for 700-1000 pips as I said!
However ... a close even for 1 day over 42300 will force me to think of BUY another 100-150 pips and then ... DOWN AGAIN
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*This information is not a Financial Advice.
GBP/USD, a drop is highly possibleAs it can be inferred from the chart, the price is forming a top at the area of resistance and preparing to start dropping. We will be looking forward to open short positions around the zone marked on the chart and aim for the 1.4 level of support.
Feel free to drop your ideas and opinions in the comment section below, family!
GBPUSD - Sell (Short) DevelopedGBPUSD has created a wonderful sell opportunity after rallying to multi-year highs.
A cross pair analyses of GBP shows that GBP is now showing bearish signs across many other currencies and is highly likely to reverse to the downside for a retrace.
Main target is the strong 1.40 level which happens to align with the 4 hour 200 EMA (Exponential Moving Average).
GBPUSDAs I said in the last weeks ... GU retested the 1. 40 area from where I will continue to search for SELL for 500 pips to close W.
however ... a close even for a day over 1.41 will make me think of BUY up to the 1.43500 area to restore the 2018 pattern from where ... it will go down again!
THIS WEEK...As with EJ, GU consisted of the same patern W and 1 week chart and 1 month chart what makes me prepare for Sell 700-1000 Pips as I say for a few weeks!
If we look into the left on the one-month chart you will see that even if he closed below level 1.42, Gu has climbed up to Zone 1,43700 before he descends 2300 pips!
This week I will look for Sell but a possible closure even on 1 day above Level 1.42 will make it Daubuy 150-200 pips and from there Sell minimum 700 pips!
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GREAT ATTENTION:
Our analyzes have an accuracy of over 92% in the last 5 months
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.
GPBUSD IDEAthe price close under the resistance (1.4002) and the bearish ABCD pattern that is formed under that same resistance makes me think that the price will be dragged down to 1.3929/1.3870 levels and maybe more .
the bullish scenario is hardly to happen if price breaks above the resistance with a clear green candle and showing bullish strength , in that case the price should pump all the way up to 1.4175 and maybe more .
this analysis is for educational purpose and to help you with your own homework about this chart and not a financial advise ,please stick to your own trading plan and your money management.
GBPUSDTHIS WEEK ... GU retested the 1.40 area from where I will continue to search for SELL for 500 pips to close W.
however ... a close even for a day over 1.41 will make me think of BUY up to the 1.43500 area to restore the 20188 pattern from where ... it will go down again!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
Our analyzes have an accuracy of over 92% in the last 5 months
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.
WHAT A GOOD DAY TO SCALP !!!!!!!!GO TO 1M AND 5M TO UNDERSTAND IT BETTER
USUALLY DONT SCALP BUT HOW CAN YOU MISS AN OPPORTUNITY IF ITS IN FRONT OF YOU /////////////// AND IF YOU ARE NEW TO TRADING JUST PLEASE DONT DO THAT IT WILL BLOW YOUR ACCOUNT.
50+ PIPS BANKED FOR TODAY.
JUT USE PRICE ACTION TRY TO SYNC WITH THE MARKETS.
STOCH RSI I USE IT FOR POSSIBLE PULBACKS STILL ITS AN INDICATOR BUT PRICE ACTION WITH THIS INDICATOR IS MIND BLOWING