GBP/USD LONG SENTIMENTTechnical Overview: - GBP/USD
Pound sterling is a very beautiful pair, yes I really mean it. One of the most influential pairs against the dollar and we can see that we have been in a bullish trend for a long time. For anybody buying on-top of a trend, meaning buying at the overbought area... you are only doing yourself harm. Overall bias is bullish and we have a buying opportunity in 2 possible zones
1.3400 as a zone and 1.3300 as a zone 2.
The lower price gets, the more shopping deals.
Fundamental Overview: - DXY is gaining bullish momentum because of recent high impact NFP news and unemployment change rate.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
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Trade with the manipulation👾
Gu
GBPUSD DAILY LONGSo i was going to post this yesterday but had a 24h mute -_- so couldnt show either my bitcoin trade or my gbpusd trade till today which is a shame. so mmy entry is 1.3520. and price has rejected the 0.5 fib of the major daily move from low to high and price looks to push above 1.37 especially as the dollar falls. go long stop under the wick manage your risk, look for pullback or inside bar break up
GBP / USD (CABLE) LongWXN TRADE IDEA
Buy GBP / USD @1.35500
Stop Loss: @ 1.35300
Take Profit: @ 1.36100
But we recommend that you take profit when you're happy.
Bearish depletion and a sign of bullish structure at the support created around the 1.36500 area.
Risk: 20 pips (1R)
Gain: 60 pips (3R)
Risk/Reward : 1:3
GBPUSD - Wipe Out ZoneLots of tension is building around this support region, which indicates to me a potential stop hunt. I would like to see a swoop below support into the order block region before upside continuation into my target level.
COT & Sentiment is pointing to the downside so I will be trading to the upside.
GBPUSD CONTINUEDSo GBPUSD is in a clear uptrend, so on a 4h pullback look to enter previously on our last two trades we have utilized the 0.618 pullback to bag lots of pips, so can we expect a third 0.618 4h pullback to enter on? time will tell, its for sure something i have my eye on, if the rally is really strong we might retrace higher up the fibs, price action or rvi indicator can help.
SHORT idea for The Cable in short term.Actually GU has already broken one of the major resistance lines to continue bullish trend.
But I think there will be some bearish movement for short term, based on technical analysis.
However it may not be worth to risk in this situation in terms of risk reward ratio.
GBPUSD short ideaPrice is making a double top pattern on 2H/4H timeframes (also on daily but less clear).
So we have 2 bounces on 1.36 major level (good resistance area).
Price also made a lower high indicating change in market structure.
I placed a trade on the top of the lowerhigh.
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