buy for gbpusdelliott wave count of gbpusd. count is invalid if wave iv overlaps wave i before making a new high(wave v)
Longgbpusd
GBP/USD Buy Set Up (Brexit)Here we look at buying the GBP/USD exchange rate as the market prices in the expectation of a Brexit deal over the coming week.
We look at entry price strategies and one-month volatility stop-loss area's.
GBPUSD - Potential Buy setup using convergence at 1.3200 Taking a look at the price action on GBPUSD we can see a potential level of support set up for a possible move higher at around the 1.3200 big figure.
As you can see from the 1 Hour chart, we have a possible convergence of factors that could increase the probability for a move higher.
The 1.3200 level being a big figure level in general is psychological level but what can help strengthen this point is the liquidity gap that was created by price spiking higher on the 28th August (marked with a pink arrow). These 2 factors alone could have additional order flow resting at this level which could cause a reaction in price higher.
Lastly, we can also see a descending diagonal trend line that could also meet at the same point if price starts to sell off currently, again increasing the probability of the level to react.
If price gets to this level and goes straight through it then no action is needed and the trade is void, but if we can see a bounce occur here we will go down to our lower time frames and see if we can find any additional signals like a bullish price pattern or structure that could help in fine tuning a possible execution point.
We will update this accordingly.
Buy GBPUSDOnly entering this trade if we have a bullish engulfing over asian session candles.
I do 300-500 pips a week. Telegram Signals in bio.
Quick enter and exit trade for 30-100 pips.
Market psychology. The banks and firms do exactly the opposite of what the retail traders do. That's how they make their money. This, if criteria are met, will be the perfect example.
Good angle breakout to buy situationI opened buy order on GBPUSD at 1.3204
SL - 1.3155
TP - 1.3380
RRR - 3.59
Reason - Price was breakout 4hour and 1hour angle level. SL 50 pips. And 178 pips to renew near high. If GBPUSD now has good volatility so it can be good order.
GBPUSD buy pattern. Try to catch long profitMonday, Tuesday and Wednesday - has main news for GBP pairs.
But pair has big long impulse on 7 feb. And next - 3 lower lows on correction.
So right now we can open long position on GBPUSD on 1.2920
SL on - 1.2851 - near 70 pips - big SL so use not big order volume.
TP - 1.3100 and RiskRewardRatio - 2.64.
BULLISH BAT ON GBPUSD On the 4hr chart on GBPUSD a bullish bat has formed. This is a good opportunity to look for bullish evidence and buy. This week will be filled with lots of News it is important to use proper money management and tight stop losses before news are released. Cheers my people.
Bullish Gartley on GBPUSD On the 4hr on GBPUSD a bullish gartley has formed. I am looking for bullish evidence before going long. I will have tight stop loss on this trade. Use proper money management.
Long GBPUSD from the previous rejection of lower pricesGoing long on GBPUSD is risky so keeping a short PT and SL.
GBPUSD bullish ideaIchimoku & heiken ashi bullish, slow SSRC bullish, waiting for fast SSRC to make a move up. Approaching 1X1 Gann line break. Target 1 1.349 Target 2 1.36249
BULLISH BAT ON GBPUSDOn gbpusd a bullish bat has formed. The pound is at a very significant area at the moment. If you see bullish evidence this will be a great trade to take. If it meets your trade plan then all the best. cheers mates
LONG GBPUSDLONG 1.3275 or NOW
SL: 1.3070 (205p)
TP: 1.3480 (205p)
MACD crossed & rebound on long term rise.
long GBPUSD @ 1.2960We have clearly broken out of that triangle with the TL above the pre-Brexit levels.
Looking to go long @ 1.2960 with a stop @ 1.2850 and a target of 1.3150
Long CableAfter a considerable drop based on the General Election result I feel now is a good time to get in cheap on the GBP against a falling USD. I have placed my stop just below the current 200sma (which i expect to rise over the next few weeks) and set my TP below yesterday's open.
GBPUSD Low Risk/High RewardingFellow Traders.
Please be patience and pay attention to this chart. It is a very important chart and it is what exactly I trade myself based on. In order to have a better understanding of this chart please try to import it by "Make it Mine" bottom.
Trade Safe and consciously.
Regards
-Masih
