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Sterlingdollar

More GBP Strength? - GBP/USD Ichimoku Long Trade SetupWe've got a little bit of a gap up here and I'm looking for a chance to buy on a slight drop. I've drawn my entry line at a potential support area that I'm looking for a drop to as well as support to hold to help confirm it's time to keep buying this pair. You can see my price structure that I'm setting as a take profit left on the left side of the screen. I'm setting my potential stop loss down at a flat kumo level that's acted as resistance in the past. If we fail to drop and hold support, this setup may become invalidated. 
Long
by The808Trader
FAST CORRECTION EXPECTED ON GBPUSDHello everyone,hope all is well there. So this week i am on major side,thinking to short it,but waiting a bit quick weird movement or trap somewhere here as it wont be surprising for this pair. will be watching GBPUSD chart comparing with fundamental data,strongly thinking to short it by the mid of the upcoming week. Btw this chart was prepared and was on my follow list with this structures already during past two weeks,the reason i am sharing now is because i think horizontal consolidation might be over according to time-analysis on daily chart. Fundamental data will be analized on my new twitter acccount only in English during weekdays. Dont forget to turn on notifications. Regards, Zelal
Short
by xryptospecial
Sterling may retain BREXIT based 700 pips gains,Range 1.32-1.27UK elections pending royal assent, to be held on 12 December few days before Christmas and first time in December since 1923. Sterling went sharply higher to celebrate BR-EXIT in national fervor. But now in stalemate after parliament rejected current EU-UK deal. Boris Johnson did well in his short leadership tenure to get the deal and his own party leaders confidence. ON CHARTS 1.2750-1.2800 level is a resistance turned support area. GBPUSD may retain this level in next couple of months. But it really needs confirmation and economic strength to surpass 1.3200 level. A new trading range between 1.3200 - 1.2750 is expected.. BR-EXIT drama has prolonged for more than 2.5 years and still expected to continue for few months. News or statement based gains and losses are usually found of temporary nature, BUT current BR-EXIT based gain may be retained by GBPUSD because in recent past to most investors and analysts GBP looked underrated against the US Dollar. Since Br-exit Referendum in June 2016, we are watching developments on this pair carefully but haven't dared to take a single trade risk in last 2.5 years. Which seems prudent to US. Why we should put our capital on risk where a single-line news/statement OR tweet may derail the setup with out taking care of real fundamental/economic grounds. FOREX majors provide numerous opportunities in a month to take advantage of, SO NO NEED TO TRADE A BUBBLE , WHICH MAY BURST ANY TIME....
by VanguardFXTradeDesk
Pound to Fight Back? - GBP/USD Ichimoku Long TradeWhile I have a hard time seeing the Pound gaining much strength over the coming months, right now that is where the technicals are pointing me for the time being. We're above the kumo, we have a bullish kumo twist, and chikou span is above price. So, all the bullish confirmations are there that I need. I've set my entry level right above previous price resistance to act as a trigger. If we break that, we should be able springboard off it and climb higher.  I've drawn out a longer term swing target, and as always, lots of levels to aim for partial profit along the way. If we fail to break through resistance and climb higher, or if our bullish confirmations change, this setup may become invalidated.
Long
by The808Trader