GBP / USD ! Support and good news for GBP ! signal BUYGBPUSD trend forecast November 12, 2024
The GBP/USD slipped back to recent lows on Monday, dipping below 1.2900 as traders await UK wages and jobs data set for release early Tuesday. Despite a quiet US session, risk-on sentiment remained strong, which continued to support the US Dollar.
Good news data forecast for GBP with H1 support - suitable for BUY signal
/// BUY GBP/USD : zone 1.28400 - 1.28200
SL: 1.27800
TP: 40 - 100 - 200 pips (1.30200)
Safe and profitable trading
Longgbpusd
LONG GBPUSDEntered a long position at 1.22480, after the recent run from November 1st-6th. I waited for price to come back down into what I saw as a demand zone ranging between 1.22674 & 1.22316 to fill that bullish price movement that took place between the 3rd and the 6th. I'm looking for price to continue to the upside reaching 1.24282. Good luck traders, let me know your thoughts in the comments.
LONG GBPUSDGBPUSD has formed a symmetrical triangle up chart pattern and has created a new resistance area at 1.16423.
And now GBPUSD is being corrected in the support area of the old resistance. And there is a possibility that GBPUSD will continue rising and create a new resusgance area at 1.16845 👍
So now I'm going to open a trade:
BUY GBPUSD in the area of 1.14837
Take profit 1: 1.15660
Take profit 2: 1.16243
Stop Loss : 1.14178 ️
This analysis does not 100% guarantee profits, this analysis can be wrong and it can happen right. Because the market cannot be analyzed 100% correctly.
The profits and risks are borne by each of you
#disclaimeroN #daytrader #gbpusd
GBP/USD. It's time for pound to gain the weight.The GBP/USD has been falling for a month now and globally since last summer. The decline in the pound led to its strong oversold. There are bullish divergences on the charts of different timeframes.
We think it's time to buy the pound against the US dollar.
The divergence signals of H1 and H4 charts suggest an upward movement within a few weeks. If the situation goes in this way, the bullish divergence of the weekly chart will form completely and this may stimulate a longer-term growth of the GBP.
As the main option, we consider the formation of an Reverse Head-and-Shoulders figure. The first target of growth is the resistance level near 1.33000 (also, 1.33141 is a 1.618 Fibonacci extension of the 1.31943-1.30005 impulse 10-14.03; 1.33220 is a 50% fibo-correction from the decline 1.36435-1.30005 10.02 -14.03). The next target is around 1.33900 (the target of the classic Head-and-Shoulders pattern realisation with the horizontal neckline).
How to trade
Open long with the first target 1.33000 (close deals whole or partially). In case of partial closing, use a floating stop-loss to protect profits and, depending on the reversal pattern, determine a target level for the complete closing the trade.
Set the stop-loss below 1.30000.
ATFX - gbpusd break & retest analysis long ideaGBPUSD is on the way for a pullback before reaching our final zone of 1.36000 let me know your thoughts. Please check my previous analysis on AUDUSD, its doing really well since analysing this way, understanding market structure, price action trading, institutional trading and patterns.
LONG GBPUSD pending orderok...........GBPUSD currently tested its new highs in a long time now after the long term down trend due to the economic instability in pounds and to the advantage of dollar ,creating a break in structure (downtrend). currently on a retest at key support zone ....obviously the banks are involved in the upward momentum of the market ...(impulse upward )....on hitting the support zone i expect a quick rejection to the upside as marked up.........
Short term GBP/USD long positionMarkets is largely expecting the BOE to hike Rates in the December meeting. the positive print in the inflation data this morning further fuels the expectation of the 15 basis point hike to be this coming meeting. we are expecting the BOE to disappoint the market hence we have a very bearish bias on the GBP currency. technically we expert a completion of a WXY pattern on a small timeframe.
Sterling to Find Supportany pullback on the pair GBPUSD will be a good opportunity to long.
if you are a risk taker you can start buying from current levels however do a correct risk management because we might see a 3 waves pullback as wave (2) before the surge can happen.
will look closely into this trade because if we completed the corrective cycle the upside potential is hugeee!!!
buy gbpusdbuy gbpusd at 88.6% of wave a(that's the region wave b is expected to end, that is wave b cannot exceed 100% of wave a). wave c is then expected to be bullish to at least 0.618 of wave a (tp1). that is over 400pips. tp2 is over 600pips, tp3 is over 1000pips and tp4 is over 1500pips. and the stop loss from entry is less than 100pips.