GBP/USD - 4hrHello guys. Here we have the GBP / USD chart. This is a 4 hour time frame and as you can see we have bear dominance. The daily bearish trend has not yet been confirmed, but the pair made a new low for the year at 1.2983. I expect that this lowest point will be attacked again in the coming days and we can expect the bear to continue. Weekly and monthly trends are also bearish. Of course, follow the rules of your strategy and find the most suitable entry point. Of course, we could see strength before bear domination and that could actually serve as a great opportunity for a short position.
Gbpusd-trading
GBPUSD at 1.36 confluence of levelGBP should be one of the stronger currency against USD and 1.36 comes as a confluence of trendline ,200 ema and past level.
Could be tough nut to crack, not shorting as well, let the market tell us what to do...
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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GBPUSD | LOOKS GOOD FOR A SELL WHAT YOU THINK?Hello Traders,
Today I am looking at GBPUSD and it seems like it could be a good selling opportunity it recently pulled back to the moving averages and gave a bearish engulfing candle to confirm that bears are still in the market.
Everything is also trending towards the downside except the monthly timeframe, so we might see bulls coming in the market shortly, however, this is not to say there aren't any pips to make with this trade.
Also, hedge funds are heavily decreasing the amount of GBP they are holding which is good.
GBPUSD turning down?More downside should be coming for Gbpusd...
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
GBPUSD: Important Decision Ahead 🇬🇧🇺🇸
GBPUSD is very close to an important decision point:
1.3785 - 1.38 is a support cluster based on a current local structure low.
Here are two scenarios for you to watch:
Bearish -
To catch a bearish continuation,
wait for a breakout of the yellow zone to the downside.
It will trigger a bearish move to 1.37
Bullish -
To catch a pullback from the underlined zone,
let the price reach the yellow zone,
wait for a bullish breakout of a falling wedge pattern,
buy aggressively or on a retest.
Goal will be - 1.393
Wait for the trigger and follow the market.
Are you bullish or bearish on GBPUSD?
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GBPUSD Selling with a level breach GBPUSD Selling with a level breach
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GBPUSD - Week 4Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
GBPUSD NEUTRAL BIASThe British pound has moved back under the 1.3600 level against the US dollar, after risk-off sentiment came cause sterling to tumble on Friday. Technical analysis highlights that the GBPUSD pair faces strong upcoming support from the 1.3520 area. Overall, the GBPUSD pair is still setting higher highs on the weekly time frame, so bears still need to be careful at this stage.
The GBPUSD pair is only bullish while trading above the 1.3580 level, key resistance is found at the 1.3660 and the 1.3710 levels.
If the GBPUSD pair trades below the 1.3580, sellers may test the 1.3520 and 1.3460 support levels.
Trading plan for EURUSD, GBPUSD, USDJPY for 04/01/2021EURUSD*
Technical analysis**:
Trend: 1
Trend power: 2
Overbought/Oversold : absent
Preferable trade direction : buy
Buy near 1,2230 with a stop loss above 1,2190 and a take profit near 1,2300.
Buy near 1,2160 with a stop loss above 1,2120 and a take profit near 1,2250.
GBPUSD
Technical analysis**:
Trend : 1
Trend power: 3
Overbought/Oversold : absent
Preferable trade direction : buy
Sell near 1,3690 with a stop loss above 1,3740 and a take profit near 1,3560.
Buy near 1,3550 with a stop loss above 1,3500 and a take profit near 1,3650.
Buy near 1,3450 with a stop loss above 1,3400 and a take profit near 1,3550.
USDJPY
Technical analysis**:
Trend: -1
Trend power: -4
Overbought/Oversold : absent
Preferable trade direction : sell
Sell near 103,80 with a stop loss above 104,10 and a take profit near 103,20.
Sell near 104,40 with a stop loss above 104,80 and a take profit near 103,70.
Buy near 103,00 with a stop loss above 102,70 and a take profit near 103,60.
* all transactions are intraday, that is, it must be closed at the end of the day. The error in the parameters of transactions is +/- 5 points; in the case of fundamental force majeure, the recommendations may be less relevant;
** the trend parameter accepts values “+1” - an uptrend, “-1” - a downtrend, “0” - no trend. Determined in terms of the author's analysis of a set of signals from technical indicators from different time frames;
the trend strength parameter - accepts values from “-4” to “+4” and shows how strong this trend is. It is determined based on the author's analysis of a set of signals from technical indicators from different time frames;
overbought/oversold is defined in terms of the analy
sis of the RSI (8) indicator on a daily time frame. The boundaries of the zones are accordingly 70 and 30;
the priority area of transactions depends first of all on trend and its strength but is also taken into account our value judgments of the situation on the market.
Wish you successful trading solutions and transactions!