GBPUSD Looking At A BuyGBPUSD looking at a buy on this based upon a smart money set up although you will see i risking the sl by not placing this on the the lower swing point but im looking at the .786 to more or less hold due to formation inside the box area.
These are not trade ideas for you to take but to help identify structure and let you see haow these play out we then look back to understand the movement of the price action
What are your thoughts.........?
Gbpusd1hr
GBPUSD Has Formed a Revers Head&Shoulders, Going Up
Welcome back Traders, Investors, and Community!
Hi Traders, GBPUSD on H1 has formed a reverse Head & Shoulders. It has already broken above the Neckline, so all we expect is that it goes up.
⬆️Buy now or Buy at 1.3776
⭕️SL @ 1.3714
✅TP1 @ 1.3844
✅TP2 @ 1.3913
✅TP3 @ 1.4000
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GBP/USD Trading in Upward Channel.Hello traders, GBP/USD is trading at 1.3942. The price is trading in upward resistance and support channel and moving towards resistance level. If the price rebounds back from resistance level then it can possibly touch its support level. So, the entry price for short will be 1.3966, if the price rebounds from resistance level and its target will be at 1.3911.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Rishikesh Lilawat
GBPUSD LONGWith the price point now reaching a consolidation area following the recent general elections. I see the the strength of the pound greatly encouraged by the re-elected Boris Johnson.
There is the possibility for the GBPUSD to reach daily highs in the coming days. With an almost certain retest of the 1.32250 Price point (to form a right shoulder in a H&S pattern)
Not to forget the MACD and RSI confirmation.
GBP/USD.... Go short & Enjoy the fallGBPUSD is breaking below the trendline on hourly charts, On technical analysis ground it showing the weakness after a great run up, It can be a exhaustion after a good pull back so losing strength and momentum at this point of time so the weakness will not continue for a longer time and after taking a support it will get ready for the next run up in uptrend.
For trading point of view better go with the short position at this level with keeping an stop loss mentioned in the chart and wait for the target, after reaching the target keep trailing for more, In case if stop loss triggers go buy at the same level and then wait for a good run up.
All the best!!
GBP/USD Long Idea (5/8/19) Daily Chart GBP/USD Long Idea (5/8/19) Daily Chart
- Price just rejected off of the short term 61.8% fib level and the long term 38.20% fib level. Price had a hard rejection of on the 1.30000 Monthly
Supp Level.
- Looking for price to continue up to the Micro level at 1.32500 which is near the -27.00% fib level.
(4HR Markup Linked Below)
Time + Price = Better Than a GuessA major retracement is about to coincide with a major time extension level; simple squaring of time and price. Expect volatility to cause swings before resumption of upward trend. Combine with RSI and measure trendline divergences to determine entry and exit timing.
GBPUSD 30 PIPS PROFIT ON DOWTREND DIRECTION PREDICTEDPAIR CURRENCY: GBPUSD DIRECTION PREDICTED: DOWNTREND GBPUSD has been predicted for a downtrend.
After analysing bollinger bands and moving averages, I came to the conclusion to put a resistance level for gbp/usd at 1.2800.
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GBPUSD - INTRA DAY TRADEHey folks,
Saw this nice advanced M formation on the H1 with all the necessary confirmation.
Entered on a 1:1 RR (not really ideal but hey...) with 1% at risk.
Price @1.3246
SL @1.3270
TP @1.3220
Once price closes ABOVE 13EMA we take a scratch and kill the trade.
Happy trading :)