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Usdgbplong

USDGBPUSDGBP good mooney on a good friday. ;D Its very thoughtful the new feature in publishment . this will definetly improve the trading skills of everyone rather just drawing someelse ideas. I did this analysis cx after the TA i came to conlusion it should retest closest resistance . iTs not good idea to trade pullbacks . It never about taking the trade .all work is done after you enter the trade sometime you have to belive in you strateghy and be consistant with what you do. risk reward and mangaing the trade play huge role in making money. after it trade get profit dont wait you should change the stoploss atleast to a breakeven or the retest itmakes. even if you dont have a strategy if you can do this you will win. Its easy to get TA for free , even in tradingview it provide its just there for free. TA all indicators shows bullishh that means you should buy it. ofcourse you should not buy from ATH not a good idea. then it come to news and other fundamentals you dont have to reads the 247 .or watch the news all the time yeah sometimes you get a hint whn billionares talk . I remeber Boris speach how it effected the gppusd. brexit deal or no deal speach ofcourse they will already make money from it before the speach all triggerd i suppose. I think same thing goes in may 2021. Elon musk saying hustle to dogie then dump it now on 0.16 and accepting btc in tesla and dump for green energy crap. maket manipulator can always play with big candles with just a tweet. sometime i think of what is difference between inside trader and rich billionars who tweets or twist the words for their benefit. Trump is another example he tweeted somthing like 2 billion trade ban to china. and few mins later said otherwise its nice how AI involes in reading these tweet and execute it. Just beautiful how it read and execute the trade. Its more like art how i see the charts .Just they to say somthing funny to whole market react on it. recently its evergrand in china how beautiful it reacted to btc market. 300 Billion ?? ciao
Long
by robinhoood
USD/GBP bullish with a cup pattern Hello everyone , as we all know the market action discounts everything :) The USD/GBP looking bullish with a completion of a cup and handle with conformation of the pattern when the price breached the resistance level at 0.72533 , The USD showing great momentum against the GBP , the price is moving up after a piercing candlestick pattern happened last week. The US dollar index, which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.67% to 92.97 in the last 5 days . using different indicators to confirm this movement where we see that : 1_The market price 0.73427 moving above the MA at 0.71908 and EMA at 0.72240 (bullish sign) 2_The RSI is at 56.32 showing that the market is strong and gaining more momentum by the day with no divergences between the market and the RSI 3_ADX at 27.14544 showing that the market is trending with a bullish crossover between DI+ and DI- where DI+ 20.40116 and DI- 15.25323. Support & Resistance points : support Resistance 1_ 0.7210 1_0.7289 2_ 0.7160 2_0.7318 3_ 0.7131 3_0.7368 Fundamental point of view : The British pound has gotten hammered again during the course of the trading session on Tuesday as we continue to see the US dollar pick up strength against almost everything. At this point, it is likely that we will see negative pressure, and I think that short-term pressure continues to pick up, and at this point in time the market is likely to continue to see bearish pressure on anything that is not a US dollar, due to the fact that the bond market continues to attract a significant amount of money, and as a result more of those dollars are needed. _____________________________________________Make sure to Follow and Like for more content_____________________________________________ This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh
BRITISH POUND / U.S. DOLLAR (GBPUSD) DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
by Dinjin
🥊Tyson Fury Vs Deontay Wilder - who wins?🥊Looking at the macro, we can see the GBP has been in a bear market against the USD since 2008, and then after Brexit it felt even more pain. So what happens next? The UK is currently applying a lot of fiscal and monetary stimulus to the economy, and negative interests rate could be on the way. This is a bearish signal for the GBP. You may say well the US is printing even more and they too are signaling negative rates, surely the GBP can move higher? Yes it can, but there is more demand for the USD as it's used to buy oil and it's the currency businesses pay suppliers globally. There is very little reason for anyone wanting to hold GBP unless you live there, The long-term forecast is bearish for the GBP, unless it receives some good news. RSI is also showing lack of momentum of buyers for the GBP. I provide long-term macro technical analysis combined with industry sentiment to understand charting better. Please give me a follow and look at my other monthly ideas for Gold, Bitcoin S&P500, Curde Oil and GDX.
by BangkokCharts
2
GBPUSD Short IdeaSimilar to my AUDUSD idea, I have technical reasons to believe that GBPUSD is about to make a swift move downward. Short term bear trend here has been obscured by absorbent buying on each attempt to flush out longs. 1:6 R:R On Weekly timeframe you will see a just recently posted bearish engulfing candle. On Monthly timeframe you will see a just recently posted hanging man candle. USD continues to push up with the rest of the market and until trend suggests otherwise, I expect that to continue. Thoughts? Trade your own plan, this is just an idea.
Short
by Acitsilos