Pounddollar
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
GBPUSD Potential Long PositionAfter careful analysis i believe the gbpusd to be reversing and pushing back up
ShortGBPUSD is forming an expanding triangle in the daily chart. So this structure tells us that
this currency pair is in a down trend right now. I won't recommend anyone to short this currency because taking a short position right now would be a high risk, instead we should wait for the price to form a corrective structure or a pullback then sell this currency pair.
Pound Dangers Still Strong Bearish ?As you see on the chart H4 above, GBP USD still inside on the bearish channel....
GBPUSD PENDING BREAKOUT AND RISE!Hi fellow traders!
GBPUSD is currently trading around 1.31100.
It has the potential to rise all the way up, following the current EU summit taking place right now.
If the UK is granted an extension, this will rule the chance of No Deal out, which will allow the £ to strengthen.
Hopefully if it is a short one, it would be better as it would allow the UK to leave as early as possible to get rid of the issues regarding the European elections.
Taking a look at this pair from a technical perspective, it should look to rise if the pair does break out from the structure drawn.
I believe this pair could easily skyrocket towards 1.32000 and beyond if the extension is granted, as it gets rid of business and economic uncertainty for the UK.
I think it would still be a good idea to keep a tight stop loss on this pair as we don't know where the news regarding this could go.
Fingers crossed there is an extension!
Good luck trading.
If you read it to all the way down here, thanks for showing some support to this article! Tell me where you think GBPUSD will be heading next! Comment below all your ideas about the future of the Pound! Buy or Sell and why? Additionally, drop me your charts/ideas for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX, Stocks & Crypto market, and I'd appreciate any help people may offer!
Please drop a follow/like! I need reputation points!
Cable Former Levels of Resistance as SupportI guess one of the only non-political comment that you could make on this chart is to look for those former levels of resistance as support. But also though, to what degree is a deal priced in? Are Brexit deal fully priced into the cable? Staying clear of this pair. No hedgefund algos on my side. Good luck to Blackrock since they probably have the edge on this one like in June 2016.
GBP Waiting for a push back to 1.32A very clear and active trade on GBPUSD as per technical and fundamental analysis.
Open Buy Order at: 1.3014
TP1: 1.3188
TP 2: 1.3247
SL: 1.2957
Do open your long trade with a proper money management and book some good profit on intraday trading
Brexit Vote Could Lead to Potential Upside BreakoutMuch of the trading is focused on ranges as opposed to breakout with follow through potential. Moreover, while technicals are quite insightful to herd psychology, the fundamentals will be driving markets going forward in the next 24 to 48 hours ahead of us. This includes assets mostly affected by ongoing themes, such as the pound (GBPUSD) which has primarily been driven by Brexit. Luckily for those looking for a less choppy trading environment, traders will have significant clarity given to it with the upcoming votes in the House of Commons which will see if Theresa May can exchange her position as prime minister in exchange for other conservative members to vote for her bill that they had already rejected twice. Given reports that members of her party who were once against the bill may be for it like former Foreign Secretary Boris Johnson, the chances of a no deal Brexit have swung wildly in the other direction away possible hard accidental no deal Brexit towards a potential deal. But if this is not passed, then it is difficult to see Parliament agree upon any deal that the EU would be okay with. In spite of this, most analysts believe that a deal will be done even if the House of Commons does not pass May’s deal. Either way, GBPUSD has priced in a deal and volatility has significantly stalled.
For a few more words on the matter and EURUSD, check out anthonylaurence.wordpress.com
Pound Sterling Massively Overvalued if No Deal Brexit We are fast approaching a conclusion to the Brexit story. While no deal Brexit chances greatly increased over the past week with a short extension of April 12th, UK Parliament is still weighing over whether or not to pass May's deal, a rejection of which would even further heighten the chances of a no deal Brexit. If the House of Commons can pass May's deal, then a major crisis is averted and pound sterling may trade at higher levels or may stay muted as a deal between the two is largely priced in. If however a deal cannot be concluded and pound sterling dollar is overpriced, then we can expect to see dramatic swings lower in this pair as a no deal Brexit would certainly bring chaos to the foreign exchange and equity markets.
The politics of this situation are a bit tricky. Both sides want a deal which incentivizes some amicable conclusion to this. However, such a deal is not necessarily in the offing. Shorter duration trades could be made to the upside, but the politics remain key in price action since economic indicators and technicals are being dominated by the headlines. Much more analysis on how the politics could play out here: anthonylaurence.wordpress.com
