GBPUSD Quarterly Bull Rally Resumes To New Monthly HighsI am currently long on this pair.
I got in earlier today during late Asian session at 1.2468 so I am already up +1R but due to TradingViews “House Rules”, I must put a later entry than this real-time post so a solid second entry would be once price breaks above todays current daily highs around 1.2489.
I am going for at least +3R but am willing to take this as far as +6R (“R” is representation of a fixed risk I take, so 1R = 1% risk).
Trailing stops will be used along the way with future updates.
The pattern that triggered me in along with the solid context was a northbound trend continuation.
The prior wave was strong and we’ve seen an acceleration in buying activity in the last 2-3 rallies up.
I will get out if price breaches 1.24548 lows because then the trend will be in conflict of either reversing or going into some extended chop.
Pounddollar
📈GBPUSD analysis, Weekly insight into price behavior📉FX:GBPUSD
OANDA:GBPUSD
Hello Traders, please check out my previous ideas.
If the Pound stabilizes above the weekly Bollinger midline, the bearish scenario won't be fellfield.
In the bearish scenario, the price can fall to the yellow zone.
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✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
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CrazyS✌
GBPUSD Trend Analysis - Buy or SellPound was making lower highs and lower lows. Previously GBP rejected from the Resistance x3 times and continue pushing down.
Scenarios:
1- Retest the recent Resistance and continue pushing down towards the zone. Also break the zone the form the next lower low to respect the trend.
2- Buying above the top Resistance or Reversal in Trend.
Note:
Trade according to the scenarios, risk management, account size, and always take entries on Confirmations.
GBPUSD Bullish Trade Opportunity Long trade setup on the pound-dollar pair; as shown by the bullish harami candlestick pattern which signals a fakeout of the nearest horizontal support level.
Enough momentum should see price rallying towards the next horizontal resistance level.
Apply appropriate risk management if you must trade.
📈GBPUSD analysis, Weekly insight into price behavior📉FX:GBPUSD
FOREXCOM:GBPUSD
Hello Traders, please check out my previous ideas.
This is my first analysis on GBPUSD daily.
If the Pound stabilizes above the yellow zone (crossing the weekly Bollinger midline), the price can climb up to the 1.30 level.
In the opposite scenario, if the price does not follow the conditions of the previous scenario, the price can fall to around 1.2626.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
GBP/USD Reversal Anticipation - Long BiasOutlook for GU for a long reversal. I still believe we will be expecting new highs soon, to the Monthly FVG and quite possibly to the NWOG above it.
I have some potential iFVGs that will be reused as support later on.
For lower prices, I am anticipating retracement into the Daily Breaker Block, or back into the NWOG. There is a 2 Week FVG and Daily Order Block further down which I don't think we will get to but it is not out of the realm of possibility.
My anticipation for higher prices is based on the liquidity residing above and the strong correlation in the COT reports.
Always look for confirmation.
GBPUSD, H1 | Potential bearish reversalWe're seeing price test a key overlap resistance at 1.2697 which is a 127% Fibonacci extension, 61.8% Fibonacci retracement and an overlap resistance.
A reversal from here could see prices drop all the way down to 1.2613 which is a multi-swing low support.
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GBPUSD about to make a big move down?I've been closely monitoring current LTF price action and about to go short on this pair. We've retested last weeks broken dynamic support, and running out of steam right now.
I'm seeing DXY continuing to grow, to at least 105 in the coming week or so. BoE hawkish sentiment, failure to get inflation under control, despite hikes gives the mark no confidence, and therefor a risk off mentality.
My ultimate target is 1.185 area, but will be taking partials on the way down.
Happy trading!
GBPUSD BUY TRADE SETUP! 🤔Today's price action on the GBPUSD was more of an indecision day, although still bullish in the long term. My area of interest is the 1.2520 level where I'll be looking to buy. It's a significant level, in my opinion, which hasn't been tested since we broke above it yesterday. The S2 Pivot Point falls in line at that level where I'll be entering with a 1.2610 target for a 3:1 reward to risk. Good luck!
~ Happy Trading, Cheers! 💰