Gulong
GU Long - Retest of 4 hour supportGU has tested the 1.30 area multiple times on the 4 hour chart over the past few weeks.
From here we are expecting a move up to the 1.33 zone, especially once the 1 hour resistance downtrend is broken.
LONG THEN SHORT FOR GU ? GBPUSD
15M - Trend Continuation Pattern
Target entry:
BUY LIMIT @ 1.2760
SL @ 1.2725
TP @ 1.2830
RRR 1: 2
NOTE: SET PO ONLY AFTER BULLISH CRS FORMED.
Then look for short opportunity @ 1.2830
Can short if we have bearish CRS.
TAYOR
GBPUSD LONG [DAY TRADING STRATEGY]FX:GBPUSD
H1: We can see there is a inverted head and shoulder formation (the blue colored zone). Potential reversal might occurs. So, I will target price might rally for a while before return back to its downtrend movement.
Target entry:
Buy limit @ 1.2985 - 1.2995
SL @ 1.2945 - 1.2950
TP 1.3050
Trade At Your Own Risk
GBPUSD LONG TRADE after the vector to the down side hitting the price at 1.30724 we should be seeing some nice uptrend movement towards 1.31747.
are bearish end at GBPUSD?as we can see at October 18 this pair break up channel down pattern, and create a new pattern.
With smaller timeline, we can see a new channel down almost end. If this small channel break, bullish setup at :
opening : 1.2232
Stop loss : 1.2168 (64 pips)
Take profit at : 1.2378 (146 pips)
R/r ratio : 2.33
GBPUSD - Possible long entries after the Breakout.GBPUSD had a breakout of the range it was in to the upside.
Looking to buy pullback.
-First possible aggressive (more risky) entry at 1.455
-Second possible entry at the bottom of the pitchfork channel in the range of the Fib between 1.448 and 1.452
As long as we kinda stay in the pitchfork formation we are good for longs.
Targets to watch if we break to the upside again 1.479 and 1.49
If the USDOLLAR fails at this point the cable could get some fresh bullish air.
Also very important: event Risk for the upcoming day. BoE rate decision + some data on GB. So don't jump into a trade blindly! If the BoE is really dovish / bad inflation data we could give back everything pretty fast.
Cable - Long / GUGU - Long -
Since it looks like the markets are doing better then they did last week we could see a nice retrace of the big non stop sell of we had the last 24days.
Fib levels to watch. Stop around ~1.422
First Trade this week hopefully you all have a nice week!
Good Luck Trading out there! :)
GU - LongGU - Long Scalp. Trend overall is still strong.
good risk reward ration. Worst Case I get stopped out.
Moving s/l to break even as soon as possible.
picked the second pullback.
Cable is bullish until 1.5090 holds.Awating for the US data, GBP is moving between 0.382 and 0.618 levels of this huge downtrend pitchfork.
Below this level, the 1.50900 major support area (May 04/05) might be considered as a good target if the US data is better than expected.
If the data will be much higher than the expected, 1.272 fibo level (1.49857) should be the next target (where lower level of the pitchwork intercepts with 1.272 fibo). Keep in mind that below this level 1.4740/50 is the next and only support .
In my opinion, the data will be the same as the expected. In this situation, i'm expecting GBPUSD to hit the median (red bold line, 1.5270/80) or even higher levels: 1.53350 major resistance / 100MA or 0.286 of the pitchfork.
Bottomline:
IF 1,5090 still holds with a very good US data: LONG it.
IF the data is worse than the expected LONG it.
