GU Short - Thoughts on this analysis pleaseAs a new trader, thought I would share this analysis to see what more experienced traders think, any tips and comments would be greatly appreciated. Thanks !
Gu
GBPUSD I moved some of the original points after the market had made its move to the upside, also added in a trendline for better analysis as well as some zones. GU has pushed to my original analysis mark on my page and has set for the short. target area is 0.389
GBP/USDI see a buy for GU because as you can see on the h4 and he there is a clear break and retest of structure and right now it is retesting and I can also see the price reached this significant structure and starting to leave it after see in the multiple doji's (indecision candles) and right after I see a bullish engulfing after the hammer candlestick pattern.
GBPUSD Possible 3 drives or H&SGU is currently at a support zone where it is failing to hold below the zone. if price breaks and continues down this will be null and void as it could for a head and shoulder pattern. However if price pushes little lower and then reverse it sill push above the previous Resistance zone look for the 3 drive pattern.
GBPUSD - THIS WEEKHere's both the short term and long term moves on GU with the expected weaker Dollar. I do think we're due a pullback the market is so hyper extended GBP vs safe havens.
Technical 4h Swing GBPUSD Short 1:9.5Expectations are a decline.
Instructions - if trade flat or has not moved in the next 24 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Entry: Market
SL: 1.39550
TP: 1.36500
GU ShortGBPUSD is at restistance of the trend. Bearish divergence is a second confirmation of bearish biased.
GBPUSD - Potential Short (SELL) Entry DevelopingGBPUSD has continued with it's bullish up-trend with the current risk-on market sentiment.
I've identified A potential level for an overdue retracement at the 140.0 level - this is a strong psychological level, and it also aligns nicely with the current bullish trend line.
I've identified other factors including correlation which supports this short term retracement idea.
Shorting GBPUSD is a high risk endeavour at the moment and this is the only area with the highest amount of confluence for a "safer" short attempt at the moment.
Technical 4h Swing GBPUSD Short 1:8.5Expectations are a decline.
Instructions - if trade flat or has not moved in the next 24 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Entry: Market
SL: 1.39300
TP: 1.36500
GU // ⏱️ Long Soon 🛬🛫Price has been in an ascending channel for quite some time, notably respecting two upward areas of support.
What happens next is dependent on happens with the USD. Of course price doesn't have to respect these areas, however looking at recent price action, there is a high probability of this happening.
What could this indicate about DXY? Idk, I just be reacting, not indicating 😂.
Open to different opinions.
🔰 GBP/USD — Waiting to test our slow zone before the spike 🔰 🔻 Same with GBPUSD nothing changed and closed Doji as other pairs — The market is slow before the market closes
🔹 We are still in the Bullish market which we waiting for the price to retest and create another Higher High
🔹 The price could visit our Slow Zone before it goes up
🔔 If we get any Bullish DXY the Slow Zone will be tested
Technical 4h Swing GBPUSD Short 1:5Expectations are a decline.
Instructions - if trade flat or has not moved in the next 24 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Entry: Market
SL: 1.38500
TP: 1.36500
🔰 GBP/USD is Bullish when the DXY is Bearish 🔰 🔻 The pound today got very bullish and closed the Daily candle as a higher high
🔹 Bullishness will accelerate above 1.3800
🔹 Below 1.3700 the pound is bearish
✅ The market is waiting for a retracement then we will see 1.4000 very soon
🔰 GBP/USD — Daily Outlook 🔰🔹 The GBPUSD is moving with DXY chart — 1.3950 is our Next Resistance
🔹 bellow our current Zone, 1.3500 will held as our major Support for the week
🔔 GBPUSD needs a
GBPUSD INSIDE BAR BREAK UPGBPUSD on the 4h chart is making inside bar, an inside bar on the 4h chart basically represents a 1h consolidation, so you look for price to break the previous candles high and you place your stop beneath the inside bars low. these offer great risk reward and usually fast impulsive trades, so fingers crossed
GU Higher low play at origin of the move to top swingExpecting a bounce at the origin of the move
Targeting the white levels, any of them could reject
Last target previous high range
🔰 GBP/USD - Daily Update 🔰✅ Today is a very big day from the fundamentals side for the pound
- We should see a decent correction if the Dollar Index turns bullish
⚠️ What are you waiting for??
Message us to help you become a profitable trader
Selling GbpUsdMy 2 Entry short on GU.
- The Fibo level is still holding
- the price also formed a trendline
- and I got a retest on my previous session high
- 15min entrys
let's see.
comment what do you think.
Channel break and 0.618 pullbackI am longing cable with this breakout of downtrend and pullback, We may see Gbp/usd work its way uptowards 1.38 before NFP this week. Trade your plan
GU Weekly analysisOver the past couple of weeks GU has provided us with an ascending triangle creating higher lows with a respected resistance level at 1.37458. We are looking for price to test this level, either reject and go short to test the support leg of the ascending triangle or test and break through resistance and create a higher high.
