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Pounddollar

Gbp/Usd : Inevitable stop loss cluster hunt 1.4400 handle ?Gbp/Usd is trading inside the Strong Rectangular range since the Brexit, lacking essential catalysts for an upside breakout/Central bank keep intervening it to support the economy. On daily TF, price is approaching the strong resistance around 1.4200 and likely to make 150-200 pips high to clear the cluster of stop losses / Speculative Sentiment Index is around 30% on an average. Having said that, it is not that easy for the price to break upside range invincibly without any strong economical or geopolitical catalyst. Hence we are expecting a phase 1 retracement towards the 23.6% fib around 1.3560 once the above mentioned stop loss cluster of 1.4400 handle is cleared. Daily Trend : Up Major Trend : Range Signal : Sell Limit @ 1.42xx-1.4400 Stop Loss : 1.45xx Target : 1.3560
by UnknownUnicorn13514545
GBP/USD: IDEAHere is an analysis on the GBP/USD GU is currently trading @ 1.41200 Our expectations on the pair have now turned bearish We have bearish harmonics on both the 4H & 1D chart But GU is still currently bullish as you can see it is still trading within the current trend line If GU breaks above 1.41500 we'd expect it to hit 1.42 before falling back to 1.40, then 1.39 creating a perfect selling opportunity for us. It would be advantageous to place Sell Limit entries @ that level On the other hand if the pair breaks below its current trendline & treats 1.41 as resistance then we would expect it to fall further to 1.40, 1.39 Do note that there still is a bearish harmonic present on the 1M chart. link to previous analysis below
by fxspott
GBP/USD Prepare to Long the Breakout GBP/USD Pair Fib fan pull + Fib Ext Pull Rejected at the .382 or breaks above and pulled back down. Trading inside a symmetrical triangle and expecting a breakout soon as we close in towards the apex . Im expecting a move down to the .618 as displayed in the chart in which case a long opportunity presents itself . Confluence with the 100EMA, .618 fan, .618 fib extension and volume profile match . Long from the box with a SL below the last Swing low. Word of caution * We can also break down from this level as symmetrical triangles can break either way so exercise your own risk management and define your invalidation ! I will be looking for longs when we reach the Target drawn as Iam expecting more upside . A Like or Share will be appreciated for my analysis and Follow me for Daily Setups
Long
by SJTRADESFUTURES
$GBPUSD - Inverted head and shoulders and Double bottomHi guys! 👋🏻 🔔 Inverted head and shoulders spotted on GBP/USD. The first resistance would be a neckline at $1.38600. 🔔 The second resistance is based on the confirmation of the Double bottom at $1.39880, and the final is the target of the double bottom pattern and February 25th high at $1.41740 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
GBP/USD: IDEAHere is an analysis on GBP/USD Currently @ 1.38900 In our previous analysis everything looked bullish on the pair except for the formation of a bearish harmonic pattern on the 4H chart suggesting a retracement or Reversal GBP & the Dollar have been outperformed by the EUR these past few weeks and we expect the Pound to be bearish long term . If the pair manages to break above 1.39 then it might challenge 1.40 Seeing that more long positions have been added to the GBP according to the COT this attempt might be feasible, but the Bearish harmonic suggests otherwise. It will be wise to place buys above 1.39200 and sell entries below 1.38600 link to previous analysis below
by fxspott
GBPUSD Buy and Short Potential, Stop Hunt Looming?GBPUSD had a big sell of starting April 6th then found some ground around 1.3680. That price is important because just below it there are potential smart money buy orders sitting at 1.3640. If you zoom out you'll see that 1.3680 has formed equal lows, which implies a lot of traders and funds will see this as potential support. There are most likely pending orders sitting around it now. We also have a double bottom that was confirmed this week on the H1 chart. I'd like to see one more high made for this double bottom to entice more traders long, I will be looking to sell around 1.3820 where there are potential smart money sell orders. The idea is that retail thinks long but smart money is actually selling all there long orders. Definitely monitor if we approach 1.3820 because GBPUSD could very well shoot right up. If we hit that price, divergence from the April5th high to the high at 1.3820 would give me enough confidence to observe price for a short entry. Long-term target is 1.3640, but It would be best to scale out along the way. Hope you enjoyed, Let's Elevate, Gio
by elevatedinvestor
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