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Sterlingdollar

GBPUSD still going upsideI would like to continue riding the uptrend of sterling dollar. Reasons are basically the pair has been in an uptrend for quite sometime and that would be a safer bet to ride the trend and be friend with the trend as they say. This may take some time to happen but if happens it will pay good pips. Long @ 1.31489 SL: 1.27116 TP1: 1.36739 TP2: 1.39900 Follow us for more quality trades. September we had gather 1000+ pips. *Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies and crypto currencies can be risky and potentially profitable opportunity for investors. However, before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Long
by SmarterFxCapital
Sterling to gain some momentum with further dollar decline?Keeping it simple here with a key area marked, fib and trendline . Uncertainty and recent events in the US could leave to the dollar weakening more over the coming days / weeks. With the fib drawn we could potentially be in for a bounce from the 61.8 level and looking at the 4hr chart this level matches us with some previous support that we are consolidating around currently. Personally I would wait for a clean breakout from this consolidation on the 4hr chart before entering long. We could see a new high formed here but I would feel comfortable riding this up to the previous high to be on the safe side.
Long
by AshleyB95
GBPUSD - "Adam and Eve" Double BottomA & E Double Bottom Pattern has formed on GU on the hourly chart. Wait for the price to close above the peak of the two valley's. Stay conscious of the news tomorrow as it could be a big day. A & E Double Bottoms can break the peak and then form a cup and handle pattern, when price breaks the handle it will be a strong bullish move. -Wait for news tomorrow -If price cannot break the peak, look to sell if a bullish engulfing candle forms and closes below the DB
by Jroge107
GBPUSD to Take on 1.2410 Resistance This WeekLast week saw the GBPUSD gain nearly 300 pips from Tuesday’s low at 1.2108. However, the pair finished Friday’s session just below key resistance in the 1.2400 region. This area has acted as a pivot since November 22nd and will likely attract sellers in the coming week. With that said, buyers managed to carve out a weekly bullish engulfing candle. This alone hints at a level of strength that I don’t want to step in front of, at least not right now. So while bearish price action could form near 1.2400, I’ll likely pass on any short setup for now as I don’t want to fight a bullish pattern on a higher time frame. At the moment, key support comes in at 1.2215 while resistance remains 1.2400/10. A daily close above this area would expose the recent high at 1.2568 and possibly the current 2017 high near 1.2670.
by Daily-Price-Action