Gbpusd1h
GBPUSD Long GBPUSD seems to rally upwards
It has broken the falling wedge
Bullish Divergence is also intact
Please take trade at Your Own Risk.
short GBPUSD @ 1h @ trading capability for this 1st week `17This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
short GBPUSD @ 1h @ trading capability for this 52nd week `16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
short GBPUSD @ 60 min @ trading capability for this 51st week`16This is only a trading capability - no recommendation !!!
Next wkk i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
GBPUSD SHORTGBPUSD is still downtrending as per previous analyses, and is currently trading within two short-term channels.
We expect price to either quickly drop to the Major Support Zone (staying within the blue channel), or to break above the blue channel and head towards the upper band of the green channel, before finally falling back towards the Major Support Zone.
Short Trades:
Enter short upon failed blue trendline breakout
Enter short upon failed green trendline breakout
GBPUSD BREAKOUT LOWERGBPUSD has continued its bearish run as per our previous analyses and is now heading towards our latest TP point.
Price has just broken lower through it's downtrend.
We expect demand to pick up once again at the Major Support Zone where there may be a potential reversal trade if price can break back above.
If price fails to reverse, GBPUSD's recent historic low comes into play, where a further break down would trigger a Short trade.
GBPUSD ForecastOur previous two trades on GBPUSD went perfectly, where we took profit taking a long from support to resistance, and a short after price broke below support.
GBPUSD is currently in a downtrend channel, so all plays should be short for the moment.
We remain bearish on GBPUSD as it heads towards the Major Support level.
A breakout through the trendline may provide a quick trade.
Trading Ideas:
Short GBPUSD within trendline
Trade a breakout of trendline
GBPUSD BREAKOUT SHORTGBPUSD has been travelling perfectly to how our previous analyses have predicted.
Price has now broken below the Support Level so we may now enter our short towards TP Zone 1.
We are looking for a break of the 200 MA to confirm this continuation downwards.
SL just above the trendline.
GBPUSD 1H 'M' Formation & ForecastGBPUSD has just it's 4th leg on an M formation, with price reacting perfectly to our previous prediction.
We have taken profit from our trade long to resistance, and now wait to see if price breaks through support or bounces back upwards.
Interestingly, the 200 MA is sitting near the Support Level at the moment adding an extra layer of buyer demand.
However, with the overall daily trend being bearish, we find it more probable of a break downwards.
We await confirmation.
Trading Ideas:
Trade the range
Trade the M formation
Trade the breakout on either side
GBPUSD 1H Upcoming Plays (Naked Forex)Price is at an interesting point currently on the GBPUSD 1H Chart, sitting at a local support level.
A break of the local support level would warrant movement towards TP Zone 1.
A bounce off the support level would see price move to the Resistance Level. At the resistance level price may then breakout yet again and travel towards the Long TP Zone. However, we believe it is more likely to bounce back downwards, creating an M pattern and continuing along its downtrend.
There are many trading opportunities here.
GBPUSD Sell the BreakoutGBPUSD Sell the Breakout
Sell the breakout of the lower channel. Look for direction with many GBP and USD economic data coming out this week
