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Gbpusd4hrs

A Cautious Trend Continuation Idea Bullish Indications • As per DOW’s theory Price action is registering Higher Highs and Higher Lows. • Candle Stick pattern show Inverted Hammer is followed by Bullish Engulfing candle which indicates Bulls are in control. • Support zone is at 1.23386 which can help price bounce up to continue bullish trend. • Linear Regression Channel with standard deviation 2 is used as trend line Support and Resistance. It is evident Price has respected median line and moved back up. • Support Zone confluences with Fib Level 78.6% and price has respected it. • Formation of Bullish Pennant , which indicates continuation of current trend. • As per Seasonal Analysis, BXY remain Bullish until closing of 2nd week of January 2023 with an increment of 2.35% from December 2022. It is safe to say it can sustain to close bullish for January Month. • On the other hand, as per last 10 years seasonal BXY remain slightly bearish in January month. • Macro Analysis on 1 Day Time-Frame trend is Bullish. • Micro analysis on 15 Minutes Time-Frame Trend remains Bullish. • Hidden Bullish Divergence spotted on RSI oscillator. • Average Directional Index , which measures the trend direction strength and its value is at 31.96 which indicates trend is strong. Bearish Indications • Price action is approaching Resistance zone at 1.24103 which can bounce back. • DXY index analysis shows it to be testing a major support area which can provide a cushion for a bounce back which can result in trend reversal upon confirmation. • AB=CD Harmonic Pattern indicates a reversal in trend is possible in area of 1.24526. But we can be only sure of reversal of trend if DOW’s theory is valid for the trend. • 10 years Seasonal analysis of DXY show it remain Bullish in January. • BXY index analysis shows it to be approaching a major resistance zone which can bounce back the trend. Analysis Takeaways: As per facts available to us and projections we can assume that it is quite possible that trend will continue to be bullish with a short-term bounce back from resistance area and again will continue as biased. However, we can’t reject the possibility of trend reversal into a bearish trend as per market sentiments so we need to be cautious and safely take what we can until that happens. Bias : Long Plan (Long) Entry Long: 1.23677 (Fib Lvl 88.6%) TP: 1.24543 (Fib Lvl 100%) TP2 : 1.25936 (Fib Lvl 1.27%) Stop Loss: 123.066 (Fib level of 78.6%) Risk/Reward: 1:3.94 Manage your Risk Accordingly and Remember Stop Loss is your friend. If this post was useful to you, do not forget to like and comment.
Long
by adnanmagsi
3
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Uptrend in green color (Long Term) We have 1 Downtrend in red color (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White Levels are stop ;osses or levels that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 2 Downtrend in red color (LONG TERM AND 2 INTERNAL TRENDS) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBPUSD AnalysisLooking first at the weekly chart, GU is most likely setting up to form a Head & shoulders pattern (also on the daily). Scaling down to the H4, price has been in an impulse phase (thus forming the weekly''s right shoulder). Price is currently in a correction phase (bullish flag). Therefore, I am expecting another impulse to the upside, which will be followed by a drop to complete the right shoulder. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial. #Trade_Like_A_Magnate
Long
by Magna_Riqueza_Divina
GBPUSD Is strong Bearish on H4, No chance for a Pullback!!!! Welcome back Traders, Investors, and Community! Hi Traders, GBPUSD on the H4 is in a strong Bearish trend and after the rejection with long wicked bar from the Bearish line of the channel is expected to go lower to first Support which is 1.3726 I don’t think after this long red candle and the long wicked bar before that it gets a chance for any Pullback to 1.3890 ⬇️Sell now or Sell at 1.389 ⭕️SL @ 1.3946 ✅TP1 @ 1.3726 ✅TP2 @ 1.3626 ✅TP3 @ 1.3493 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
Short
by Fibonacci-Signals
GBPUSD 4H Analysis Hello, this is my analysis of GBPUSD based primarily off the 4H Chart. Note: This is a BULLISH Analysis, meaning, I do not confidently anticipate for the price to continue bearish towards this levels, from this current moment in time. This Analysis is SOLEY intended to be used IF the price were to approach, one of these two shown price points WITH verified rejection OVERVIEW This is my overall BULLISH Analysis for GBPUSD, intended for use among assuming BULLISH buyer participants, are looking to position in on the overall daily trend. This analysis is to be used in the event the price were to approach one of the two listed levels, as of the current relative market conditions. Primarily, this is intended to serve as two points within the GBPUSD Market, to OBSERVE for the possibility of pivoting. REASONING The Analysis is based solely off of the 4H chart. These levels were chosen due to their unvalidated nature, relative to the CURRENT 4H price action. These two specific points within the 4H chart have yet to be approached for a second time, as of the current market. Considering the price action within the 4H is quite respectful from a "break-and-retest" perspective as well as the overall bullish nature of the daily time frame, I have identified these points as adequate points and possible points for the price to pivot.
Long
by The-Hoss
GBPUSDThe long bull run for Cable is finally starting to loose steam. As you can see, the last higher high (HH) was formed around the 1.3950 handle (-27.00% Fibonacci Retracement). It has also broken broken out of the parallel channel by forming a bearish engulfing and closed below the 1.3875 zone. A confirmation of bearish reversal can be attained with a break of structure around the strong demand zone of the 1.3750 handle (38.20% Fibonacci Retracement ). #gbpusd #gbpusdanalysis #gbpusd_signal #gbpusdtrade #gbpusdfreesignal #forex #forextrader #forextrading #forexlifestyle #forexsignals #forexsignal #forexmarket #forexeducation #forextrade #forexmoney #forexmentor #forexsignalservice #currency #currencytrading #technicalanalysis #trader #forexmarket #forexfunded #forextrade #forexgroup #forexprofit #forexmoney #daytrader #forextraders #forexanalysis #forextraining
Short
by projectpipelinefx