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GBPUSD, 4hr tf, wave-5 to the upsideTrade ideas for GBPUSD by Hardi We could see further upside in GBPUSD. Price moving in sideways direction for the last 3 weeks. I think we will have explosive movement soon. We also currently completing WXY correction and might continue to go upwards completing wave-5. Wave-4 complete exactly at ascending trendline support. Notice that FOMC is just around the corner so minimize your risk as low as possible. Buy GBPUSD 1.4120 Stop loss 1.4060 Take profit 1.4300 (3R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
GBPUSD OVERVIEW for the month of June GBPUSD Overview - Monthly Closure - Strong Bullish closure previous resistance level (very similar situation to GBPAUD) Weekly chart - market structure broke previous level of resistance and is creating a new HH, previous candle closure bullish ( however, not the strongest bullish candle) Daily Chart - Overall in an uptrend, stalling at previous resistance level. H4 Chart - previously ranging, had a break above the range's resistance! Currently retracing 30m chart - we had a break of previous level of resistance, and started pulling back! Could this retrace to the 100% fib level which is the last level of support and if a rejection does occur from this level would create a double bottom around the H4 61.8%...
Long
by Inacio_1998
EURAUD, daily tf, hanging man candle appearsPrice previously broken above the marked yellow resistance area and go up for 160 pips. In my opinion we haven't see any retest to this resistance as a support and we might see one soon. There is going to be RBA meeting soon and it might follow it neighborhood RBNZ stance which send NZD gone up. Notice also the previous daily candle close looks like hanging man candle indicating sellers could be in control soon. Sell EURAUD 1.5790 Stop loss 1.5840 Take profit 1.5665 (2.5R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX