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Pounddollar

4H GBP/USD Short OutlookWhen looking at the 4H GBP/USD, as the week gets kicked off look for the 01:00:00 candle to close bullish, as that would be the third requirement for a Morning Star set-up (look it up if you're not sure what I'm talking about), it is that verification that we need in order for the pullback to be valid. But that is all that it is, a pullback, and from the looks of proximity resistance levels, the 38.2% fibo retracement at 1.24182 coincides as a recent support level turned resistance. At that point you may wish to enter a short position with a SL above the 61.8% level. Another option is to scale in; enter half of a short position at the 38.2% level and the second half between the 50 and 61.8% levels IF and ONLY IF your personal analysis shows it pulling back beyond the 38.2. Regardless of your entry, long for a bearish expansion to the 1.22630 area, the next major support area. Let's start the week off right and collect us some pips! And don't forget to take a look at my recent ideas, which have played out in a favorabe direction. And ultimately if you believe in my analyses, give me a follow and get notified of my future ideas.
Short
by bcombs95
GBPUSD Thoughts A little bit late with my idea. I wanted to post it earlier but forgot.I expected price to rich yellow rectangles. It has not happened yet, but in 1-2 days it probably will happen. Price made a very weak projection. And could not even reach 1.27 Fibo Level. And bears are more agressive. I can see 2 possible scenarios: 1. Trend change ( breaks yellow rectangle). 2. Price spends some time in a range between 1.2423-1.2528 ( complex correction) and then breaks the lower rectangle. Remember: you should confirm my expectations with your own analysis.
Short
by Magician
GBPUSD(4Hr) a bit more to the downside before up moveGBPUSD 4 hour chart still gives us some more momentum to the downside before the up move it is believed that price will eventually reach the 1.24000-1.24500 area if the area breaks the market structure we could see it go all the way to 1.2650 if it fails to break market structure we can see a further downside of 1.1990-1.1850 PS: This is not a trading signal just a market idea, please use a valid strategy to enter this trade, if you are not educated enough do not trade it! wait for clarity and correct signs before entering the trade! there is no 100% guarantee in trades! know how to risk manage your trades! AceTeam FX #Forex #forextrader #forextraders #forexmarket
by AceTeamFx
The triangle has been broken to the upside on GBPUSDHey guys, just wanted to share my view on gbpusd; as you can see price has recently broken to the upside this simple pattern called triangle. It's basically made of two converging trendlines that encompass price action. You can take advantage of this pattern by simply buy at the first candle close above/below one of the trendlines, or you can wait for a retracement and then enter the market. The bigger retracement has already happened, but as of now price level is nice in order to have a positive risk to reward ratio at the retest of the daily resistance near 1,2550, so it's appealing to me. Entry at market, stops below 1,2400 even handle, target1 near 1,2550, target2 to be determined (approximately near the dark green line). Let's see. If you have any question, feel free to type it in below. Otherwise, see you in the next chart!
Long
by Roker1
Pound to Dollar forecast 1H to DailyPound to Dollar forecast for December 2016. The exchange rate for beginning of December 1.23. Maximum rate 1.24, while minimum 1.20. Averaged rate for month 1.22. The forecast for pound exchange rate at the end 1.22, change for December -0.81%. GBP to USD forecast for January 2017. The exchange rate for beginning of January 1.22. Maximum rate 1.23, while minimum 1.19. Averaged rate for month 1.21. The forecast for pound exchange rate at the end 1.21, change for January -0.82%. Pound to Dollar forecast for February 2017. The exchange rate for beginning of February 1.21. Maximum rate 1.21, while minimum 1.16. Averaged rate for month 1.19. The forecast for pound exchange rate at the end 1.18, change for February -2.48%. 1H/4H Range looking for breakout Daily Small UP Channel from 2016-10-06
by iBrokers
Continuing Decline in Post-Brexit BritainAfter countless headlines detailing what seems to be a continuing spiral towards a hard brexit it is hard to see a clear spell ahead for the currently ever weakening pound. Little real positive news has appeared to suggest anything but shorting the currency in the current market with increasing volatility and a prime minster dead set on hitting the city it'd be unlikely to expect a large rally of the currency any time soon. In this analyst's opinion I expect nothing but further falls for the currency and with time we may find what appeared to be an algorithmic error becomes a very real economic reality.
Short
by Warlulz