Get started

Poundsterling

GBPUSD: Technical Outlook & Trading Plan GBPUSD is trading within a rising wedge pattern on 4H. From the 20th of January, the price is stuck within a horizontal decision range. This formation signifies local buyers' exhaustion. I am waiting for a breakout of its support to short the pair. That breakout will match with a wedge's support violation and will most likely lead to a bearish continuation. First goal will be 1.355 In case of a bullish breakout of the range, setup will be invalid.
Short
by VasilyTrader
12
GBP/USD BULLISH SENTIMENTTechnical Overview: - GBP/USD Last week we have called buying opportunity in 2 possible zones 1.3400 as a zone and 1.3300 as a zone 2. Check out the outcome of the analysis below. Since then we have reached our target #1 and we have closed our position. We do see more downside (small time frame) however HTF still suggest that we are bullish so we use this as an advantage to enter in on our buy setups in oversold areas. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
EURGBP: Structure Based Trading Plan EURGBP has reached major daily structure support. In 2020 we saw strong swing moves from that key level. With a high probability, we will see a similar reaction this time. To catch a bullish wave, follow a falling parallel channel on hourly. We need a breakout of its resistance to confirm the shift in the market sentiment. Only then a long trade can be initiated with an initial goal - 0.8925. In case if the price drops below the underlined support on daily, setup will be invalid and the pair will most likely keep falling. Please, support me with like and comment. Thank you!
Long
by VasilyTrader
11
GBPUSD DAILY FORECASTThe Pound Sterling this year has been bullish with the decline of the US Dollar. GBPUSD made new highs at 1.37039 and has recently seen selling pressure to 1.35549. The daily chart shows us that GBPUSD has rejection wicks and making lower highs continuing the bearish momentum. Last week, it found some daily support around 1.35300. Friday however, closed with a Bearish Pin Bar candlestick suggesting the Pound may still drop further next week Support levels are 1.34300, 1.33050, and 1.31300
by StockSniperTrading
2