GBPCHF: Important Breakout & Bearish Outlook
GBPCHF formed a cute h&s formation on a strong horizontal 4H structure.
Its neckline was just broken and now the hourly candle closed below that.
Taking into consideration that we remain bearish biased on the pair from last week,
chances are high that the market will drop.
Intraday goals:
1.2105
1.20853
Poundsterling
GBPCHF: Important Breakout & Bearish Outlook
GBPCHF has just broken and closed below a support line of a rising wedge pattern on 4H.
Now its trend line serves as a local supply area.
I recommend you looking for short opportunities from that zone.
Goals: 1.2035/1.196
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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👾
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.
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GBPCHF: Long Trade from Key Level
GBPCHF is taking off from strong 4H structure support level.
On that the price has set a higher low this morning and then formed double bottom formation with a confirmed breakout of its minor resistance.
Now we may expect a continuation because global sentiment on the pair is strongly bullish.
First goal - 1.215
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GJ has Gentle upward movementAfter the Brexit agreement, it seems that GJ has started a very gentle uptrend in the daily chart. Widespread vaccination has made investors optimistic about the British economy.
In 4 hours if the price of a candlestick rises above 140.200 We can expect the price to rise to 142,500 and then 144.00 if it stabilizes.
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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
GBPUSD Falling Wedge-UPSIDE FavouredA Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. That is what GU is displaying right now. Why don't we wait for that break out and the take a position? Sounds cool, right? ;)
GBP/USD BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you. As Always we will have to wait for a confirmation
GBP/USD: Daytrade-Preparation
Market-Buy: 1,36225
Stop-Loss: 1,35870
Point Of Risk-Reduction: 1,36550
Take-Profit: 1,36945
Stop-Loss: 35 pips
Risk: 0,5% - 1%
Risk-Reward: 2,10
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Peace and good trades
Irasor
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GBP/USD could move UP!Hey tradomaniacs,
GBP/USD has just retested the current trendline and support-zone with an instant rejection and could move up again.
Bullish confluence is likely to appear in order to push price up with a 5th Wave of the current impulse.
Wait for rejection, fakeouts and decreasing bearish volume for a confiramtion!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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GBPUSD: End of Uncertainty & Bullish 2021
Like all major USD pairs, GBPUSD is very bullish since spring 2020.
However, in contrast to many other pairs, pound managed to break and close above a major resistance cluster on a weekly.
That structure breakout indicates a highly probable long term bullish continuation.
Based on that I am highly confident that this year the price will aim at 1.43-1.44 resistance.
That is the next major weekly structure.
In December 2020 finally, we have a clear picture of Brexit and its aftermaths. The sense of certainty could be the main driver of a bullish wave.
Remember that on a weekly chart the price is relatively slow. So do not expect a rally in January. It may take the entire year or even more to reach the goal.
What do you think will happen with pound this year?
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GBP/USD BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you. As Always we will have to wait for a confirmation!
GBP/USD: Daytrade-Preparation
Market-Buy: 1,35140
Stop-Loss: 1,34570
Point Of Risk-Reduction: 1,35575
Take-Profit: 1,36180
Stop-Loss: 55 pips
Risk: 0,5% - 1%
Risk-Reward: 1,90
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
GBPJPY Short on 4HR TimeframeWith GBPJPY looking like its getting rejected at the top of the zone, we are thinking that it could be a nice short on the 4HR timeframe. we have given 3 TP's which if one of them hit you can take partial profits and let the rest ride. One tip is starting an initial runner at 0.01 and see if you're going in the right direction. This tactic allows you to be able to be wrong and not at a huge cost.
GBPJPY: Sideways Market & Consolidation
GBPJPY is consolidating within a horizontal trading range on a daily.
140.0 - 140.5 is its resistance.
137.3 - 137.5 is its support.
The next strong swing move will most likely initiate only after a breakout of the range.
The side of the breakout will show the direction of the market.
In case of a bullish breakout (daily candle close above),
next goal for buyers will be 141.8 level.
In case of a bearish breakout (daily candle close below),
next goal for sellers will be 135.5 level.
Wait for a breakout, follow the market.