GBPUSD analysis going forwardIt is possible GBPUSD will touch the price of 1.3 before the correction drops to 1.25
Pounddollar
GBPUSD break support trend line SHORT ?GBPUSD break green support trend line. Current testing EMA 21. GBPUSD was formed correction structure.
Still Uptrend price action above EMA 50,100 and 200 periods.3:0 Risk Reward plan retest EMA 100 at 1.25905 price level.
Volume: bearish/red volume increased.
Indicators: Bearish MACD crossover above zero line, going to break zero line, RSI above 50 points. First sign of correction.
S/R: Support at 1.2899 EMA 21, Major support 1.26$, Resistance at 1.3 psychology, Major Resistance 1.30125.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
GBP/USD reaches target like forecastedGBP/USD has finished a 3-wave ABC move to the upside like analyzed prior (blue target). The pair could now be watched for reversals. However due to the news this pair has become very volatile so at the moment I would just watch from the sideline. It is possible that we get an overshooting in which case the pair could reach the second target (pink). Eitherway the blue targetzone or the pink targetzone are potential reversal points, overall the picutre remains bearish for the pair at this point in time.
GBP/USD Price Action Analysis | The Safe SetupPound is keep showing weakness against Dollar. Even though shorting at the Range High seems like a good idea, there is still untouched liquidity above. This setup gives a better R/R although being less likely to happen. Playing safe is important.
Entry: 1.2419
SL: 1.2511
TP-1: 1.2211
TP-2: 1.2111
TP-3: 1.1971
R/R: 4.87
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
GBPUSD POSSIBLE BULLISH MOVEI believe that GBPUSD will complete the 5th bearish impulsive wave and we can start looking for a reversal pattern at the marked zones/prices.
Good luck!
Fibz
GBPUSD breaks the resistance. Buy from the current priceFew days ago we created a support and resistance for the Cable that when it breaks, it will continue. However when market is manipulated nowadays it is tricky to see which will it go later.
However because of the ISM Manufacturing last night, it gives us an idea where the high chances that it will go. Always use a proper risk management because a Trump tweet or a recent trade war deal might stopped you out.
Get our free signals here: t.me
Follow us on Facebook: www.facebook.com
GBPUSDSecond position
D- Currently at monthly resistance, forming new support.
4H- 38.20% fib re-test, demand zone!
POUNDDOLLAR SHORTLooking at Great British Pound Dollar currency presenting Short trade opportunity as seen from the analysis
GBPUSDW- three weeks of consolidation.
D- Consolidation zone broke, re-tested/ closed.
4h- Currently at consolidation zone's resistance level, might fly up to 1.275. Awaiting on fib retest to at least 38.20%.
GBDUSD - SELL - 11th September 2019Hi Traders, here is my setup for GBPUSD Short. Looking good so far.. This is the minimum risk to reward trade I would usually take. Let's see.
GBPUSD - SELLS - 10th September 2019GBPUSD Sell off analysis! Seems pretty straight forward, wouldn't you agree? Monthly resistance not broken yet, and the fibonacci lines up perfectly for a sell. There is a 50 and 200 SMA that price is below too.. but I try not to use too many indicators, as I am a straight up price action trader. Would love to get your thoughts!
GBPUSD forming a bearish Shark | Upto 24.50% expectedPriceline of British Pound / US Dollar forex trading pair is forming a bearish Shark and entered in potential reversal zone to start the formation of last leg soon insha Allah.
Price action is also hitting the support of bollinger bands.
RSI is oversold.
Volume profile of complete pattern is showing less interest of traders at this area.
Stochastic is oversold.
But Stochastic did not give bull cross sofar and MACD is still strong bearish therefore I would suggest to wait for MACD to turn weak bearish or for Stochastic bull cross signal then buy.
The potential reversal zone can be used as stop loss in case the complete candle stick closes below the PRZ area.
I have used Fibonacci sequence to set the targets:
Buy between: 1.22420 to 1.17505
Sell between:
Secure targets:
1.27537 to 1.38147
Aggressive targets (upto the completion of leg)
1.41488 to 1.46370
Regards,
Atif Akbar (moon333)
USDGBP hitting down channel support | A good long opportunityIf we see the movement of price action US Dollar / Pound Sterling then it giving easy profits within the channel by hitting bollinger bands support and moving up even most of the times it is not hitting the channel's support but moving up after hitting the bollinger bands.
But this time it is hitting the channel's support and the lower bands of bollinger bands both at a time moreover price action is also hitting the 50 simple moving average support, so this time the chances of bullish divergence are more stronger.
MACD is still strong bearish and Stochastic is almost entered in oversold but did not give any bull cross sofar therefore I would suggest to wait for MACD to turn weak bearish from strong bearish or for stochastic bull cross then take the long position.
I have used Fibonacci sequence to set the sell targets.
Sell between: 0.81973 to 0.83048
Regards,
Atif Akbar (moon333)
Cup and handle coming? INV H&SReversal XABCD pattern up to 1.2200
SL should be below Daily candle of 1.20 or 1.1980 zone.
Medium to high risk - we could drop 1 more leg down before a reversal should we not break above 1.2080 by end of Europe tomorrow.
On Hourly we have a left shoulder into a drop making a head formation with an adam and eve pattern. There is a lot of volatility here around this zone with impulsive buying strength.
GL and trade with risk management as always. Doesn't matter how much you lose as long as your winners out weigh your losses every quarter! :D Thanks all enjoy and let me know what you think!
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.212.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.221.
TP4: R2=1.2245.
Set the stoploss of these orders at breakout of S2=1.21.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.21.
In this situation, there is an expectation to reach the target S3=1.201.
Set the stoploss of reverse orders at breakout of S1=1.212.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.212.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.221.
TP4: R2=1.2245.
Set the stoploss of these orders at breakout of S2=1.21.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.21.
In this situation, there is an expectation to reach the target S3=1.201.
Set the stoploss of reverse orders at breakout of S1=1.212.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Sterling will recover soonBritish Pound is expected to have its new low at the trend line or very close to it. If you have a sell on this pair then your tp should be at 1.215-1.22
GBPNZDBull range
Bear range
Im bull.
Give me a sign Fibonacci! GIVE ME A SIGN!
I think Gbp is gonna turn its frown upside down! But when and where? What seems fair?
Why should my broker care to share?
Would you pay half price for that fruit you got there?
Look at all the GREAT BRITISH POUND PAIRS! And maybe if your a tortoise instead of a hare, this trade idea might play out in your favor if GBP is your flavor ^_^
-The end.
;)
I will be looking for a higher risk entry here at the 88% pullback zone from the previous daily low. We can either have a pinching triangle here, continue to follow the bullish angular floor or head straight to an ABCD LOW D structure to the RED RANGE floor.
Tell me your thoughts on the fundamentals of GBP! What do you see coming in the next 3 to 6 months?
I will be looking for buy opportunities.
Please like and share your thoughts below! Thank you!
GBP/USD - Long [2:1]Price of #GBPUSD is overall bearishh however we have a intraday bearish break to the upside
with minor S&R on the smaller time frame. With a risk to reward of 2:1 and target at 25637
I'm anticipating for price to rally up 29pips.
GBPUSD longThe pound is actually on the very oversold area. Also, Fomc stated rate cut will come, GBPUSD will go up. If only the new prime minister from the UK say something positive things toward Brexit, the cable can start the strong move. Right now, it is hard to see the supporting yellow line or 1.25 area to break. From the technical side of view, the cable needs to break the blue resistance line and 1.275 area to start the bullish move.
