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
Pounddollar
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.
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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.
GBPUSD LONG Bullish divergence on the daily, we've hit a bottom.
Fundamental news of a new PM in the UK will move the price.
Once a new PM is appointed we should be seeing upwards movement.
A good Risk Reward trade in GBPUSDCurrently forming a running flat structrure but be careful it may even transform into an expanded flat
GBPUSD is on a crucial price point. DO NOTHING We can see here that it goes up by 100 pips after it goes down up to 1.255 last Friday. This is not a signal for us to do anything because there are tough days ahead especially Theresa May's resignation date is coming this week. With NonFarm Payrolls and all of the high impact news this week, I would prefer watching Netflix than risking my equity onto this trade.
Be careful traders and always follow the correct Risk Management so that we can always live the next day.
Pound Still Taking A Pounding? - Ichimoku GBP/USD Short TradeThe Pound has fallen drastically with all of the Brexit drama unfolding. As May steps down as Prime Minister there will likely be more uncertainty ahead as a deal or referendum waits to be hashed out. I am looking for a rejection here at kijun sen for another chance to sell as we look to take advantage of this goliath bearish trend. If we find that good rejection candle I'll enter a sell and I've drawn out a few targets I'll be aiming for to take partial profit at along the way. However, if we fail to get rejected at kijun or our bearish signs start to change, this setup may become invalidated.
GBPUSD might turn bullish if it passes 1.265 mark We've seen the Pound Dollar dancing 70 pips yesterday, and the market is on the panic. However, it is just below 20 pips since my previous analysis yesterday. Be careful on this day up to the next few weeks because it is been bloody for the GBP market following the resignation of Prime Minister Theresa May.
Overall, the market bias is still bearish and it might go down up to 1.25 - 1.24. If you are holding a buy trade on this one, pray harder.
Manage your risk well. Golden Rule is 1 - 5% of your target equity to be traded and cut it if it passes the 5% - 10% mark
GBPUSD making first elliot waveAs GBPUSD was falling very hard from last few days because of some fundamental news specially braxit issues,
but now we can see a better reversal and first Elliot wave will start forming here
So You can just fly with the flow on GBP, i will never recommend long term trades but keep getting small profits with small exits, its better idea rather than risking heavy funds
