Long opportunity on EUR/GBPBuy - EURGBP
Entry - 0.84200 - 0.84400
Stop Loss - 0.83900
Target - 0.85100
Sterling
Short opportunity on GBP/USDSell - GBPUSD
Entry- 1.37500-1.37700
Stop Loss - 1.37900
Target - 1.36800
GBPUSD running into a lot of resistance The GBPUSD is within close proximity of the 200dma, and just below that was today's highs at the 50% retracement at the 1.3829 level. Overnight, the risk may be for a probe into the 200dma, but the bears may attempt to hold the 200dma to keep the Sterling holding lower highs, which is essence is keeping the bearish trend in tact near term. A move below the 1.3700 level would mean the corrective bounce is now over.
Sterling to Find Supportany pullback on the pair GBPUSD will be a good opportunity to long.
if you are a risk taker you can start buying from current levels however do a correct risk management because we might see a 3 waves pullback as wave (2) before the surge can happen.
will look closely into this trade because if we completed the corrective cycle the upside potential is hugeee!!!
Time to buy GBPUSDThe British pound has found the bottom. Time to open long positions. I think that a full recovery awaits us by the end of next week, at the end of this week I expect the beginning of a correction. Don't forget to subscribe)
head,shoulders,knees and toesuk afected from some serious shortages lately: petrol, food, truck drivers
usa will have to start easing their QE policy rather sooner than later.
entry at 1.36 retest and at neck line retest.
possible entries at resistance retests.
tell me what you think.
HAS ANYONE ELSE NOTICED THIS MASSIVE FALLING WEDGE ON GBP/USD?Hello my beauties.
I think that the cable has just broken a massive falling wedge. I believe it might kiss the trendline goodbye before leaving for good.
If the pattern is set to complete, the opportunity could be massive.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
Consider supporting me if you think I am providing you with value.
Peace.
Luca, TrickleDownFX
GBPJPY Sell offPotential sell off for GBPJPY.
Price squuzzed on a reversal and set up for further fall downwards.
TRYGBP - Turkish Lira | Great British PoundI see a trade on this exotic pair. I am highlighting an entry method I use to find entries and exits of sound setup patterns using Japanese Technical Analysis .
1% Risk - 2:1 RR
EURGBP may setup for another bullish move with a bull flag. The EURGBP has held recent gains well coming out of a "false breakdown" a few weeks ago on the break of the .8470 support and reversal out of the descending wedge. Since then, the EURGBP rallied to test the 61.8% Fibonacci retracement of the July high to August low at .8584. From here, dips to the .8525 level could find support as a bull flag is setting up. Whenever you get a sharp reversal, then a shallow pullback, the risk builds for a continuation move.
GBPUSD - Respecting LevelsAs we can see from the chart, GBPUSD has been respecting the highlighted zones well.
I am expecting GBPUSD to reverse off its current level of support turned resistance, to revisit the June lows at the 1.36 region. Price has tried to break upward several times over the past couple of days, and for that reason my bias is short.
GBPUSD Plan of action.GBPUSD Potential price movements heading into this week, I expect price to reach that contraction we saw at the top in GU, I would expect to see a reaction here, if we are going to see strong $, if we get to this block, we can look to short weakness down to new lots, for the time being I believe we are in a continuation pattern and we can look to trade GBPUSD up before a demise, with a big 4h pinbar in DXY right now, it could be a good time to find an entry.
Bullish Bias on GBPUSDI found an idea that sterling would meet it's supply area @1.40700 since the market retest the flip-over S/R, breaking the bearish trendline, formed a bullish pennant pattern, and made a multiple bullish divergence on oscillator in confluenced as a bullish continuation signal.
GBPUSDFinal chart from me, I realize I also said this a couple days ago lol, but I cant resist, a tight stop set up in GU with targets of 1.3960, Enjoy your weekends and lets go next week for more pips. Peace.
GBP_NZD_4H_LongThe long position is taken – 4H -Daily timeframe I checked and last day candle barriers are HL and HH, in 4H also I see the start of a movement from a 4H demand zone, although price broke an ascending channel it was above a fat ascending komu. Also in lower timeframes, I see HL and HH. I enter the long position and the TP is last week High.
R/R = 1:1.1
GBP/AUD_4H_LongLong position is taken. The price broke yesterday High and also it start the uptrend from a weekly level.
R/R = 1:3.03
GBP/NZD_4H_LongThe long position has been taken, in the daily trend was bullish, in the 4H price broke a supply level and it was pulling back. As a result, I take a long and the TP was the last HH.
R/R = 1:1.48
GBPUSD Covered sellGBPUSD has traded into the golden pocket fibo and the 200 hour MA resistance. PPO and RSI also point to downside!
26th July- 30th July GBP/USD BIASSHORTING GBP/USD from 1.38000 to 1.36000 - 1.34000.
CONFLUENCES:
- Sterling Sentiment overall bearish
- Down trend continuation
- 68.1% FIB
- TRENDLINE BOUNCE
- SUPPLY ZONE
Waiting for confirmation of markdown. Currently in distribution phase of Wyckoff. (Lower timeframes)
Entering shorts week ahead unless trendline has been broken - Bias change.
GBPUSD - To Break LowerGBPUSD H1:
Lots of confluence on GBPUSD here points to a break lower.
Here we have a rejection of the 4 hour descending TL (on the 4 hour chart this also lines up with a rejection of the 100 EMA) The bullish push on the last hour candle I believe is one last run up before price continues its decline. 1.38 is holding as an area of support but if this breaks I believe we will see sub-1.38 prices today.
With 1.39 holding as such strong psychological resistance i am definitely in favour of further bearish movement.
The short position tool added to my chart highlights an excellent R:R of 1:4 with the target being at the 1.37500 mid-psychological level.
let's see how this plays out! Hopefully some USD strength on New York open can provide further momentum to reaching target.
GBPJPY Longs23 mins before the London open, Nice edged just popped up when i looked at the chart. Lets go!!! No expectations as always
Sterling to Find SupportGbpUsd nearly completed a clear WXY corrective cycle and ended wave Y with clear 5 waves, i expect for the coming sessions to find a short term support and bounce to retest previous wave 4.
before any uptrend might happen again. so we will consider the upward move a correction until it proves its an impulsive.
