Gbpusdsetup
Looking bullishAfter a long time of being indecisive and not providing clearer opportunities. The market created divergence and dropped, at first in a corrective manner, then finally went volatile after the shooting star candlestick influenced the distribution phase break out. Mitigation occurred and a buying opportunity was created, however, the market was sluggish on Friday, the bullish move was worse than expected, to add to that, 4h is still looking bullish. Should this move persist, then the first target is the 4h breaker block. How price reacts from there will determine whether we continue to reach the 1.23418 target or price will drop massively…
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD BUY LONGCaptain America Forex Indicator is a trend-following tool and works on crossover signaling methods. This indicator is able to detect the reversal points of the market trend and can spot the best possible areas to enter the market within the trend directions. The indicator suits with all sorts of timeframe charts available within the MT4 forex trading platform.
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD WEEKLY ANALYSISFX:GBPUSD
we can already see that price has reaches a key level in the market and can do only two things it can either reject that area and continue heading downward or it can breaks that area strongly and close above it the we could enter at the retest of that area but i am mainly bullish on this pair
GBPUSD Technical Analysis and Trade IdeaIn this video, we take a look the GBPUSD and observe that it has currently traded up to a significant resistance level. Below that, there is a price gap and sell-side liquidity in the form of stop losses, which could potentially target for bigger players. During the video, we delve into trend analysis, price action, market structure, price gaps, and touch on a potential trade opportunity. Please note that everything discussed in the video is purely for educational purposes and should not be construed as financial advice.
GBP - Weekly/Daily close will be key! GBP - Weekly/Daily close will be key!
GBPUSD - At a very key resistance, we have NFP today that will shift the market. We did have GDP m/m Bullish 0.3 Higher than expected. I think when it comes to GBP there are very bearish views when it comes to there fundamentals and there rate hikes but I don't think the situation as bad as it's considered. What does this mean and how can we trade this opportunity? Well, we can first wait for daily close and see how we close and perhaps wait for pull back and get in long taking us back towards key resistance areas of 1.21 half areas and target areas 1.23. However, if we are fail to close above we are back within the range until further clarification. Don't forget to check minor pairs such as EURGBP & GBPAUD as commodity FX is lagging there are plenty of trading opportunities, including GB10Y W set up.
Now we do have NFP, if that beats expectation we could get pull back in GBP. However, if it comes out lower than expected NFP I expect dxy to decline and majors to rise. And see how price reacts if it beats expectations and by how much and vice versa - that's what is very key!
Now regarding GBP technical view:
High: 1.21560
Low: 1.18420
Pattern: Wedge/Channel
A break above the highs and 200/50 EMA I expect further bullish momentum and target area of 1.23 areas. If we are to break below of 1.18 handle then 1.15 is still on the table. However, at this current moment of time we are within the ranges and we have to respect that, in addition you could even go to lower time frame of 4hr and get better price!
Trade safe and have a great weekend!
Trade Journal
GBP/USD - Short; SELL it here.This is an ever so slightly lesser short than the EUR/USD on the long run but for now it's all the same on these levels. (GB isn't "dying" - i.e. committing suicide - at the same vigorous pace as the EU nor is it tied to that Titanic. Also, the US-GB trade zone's significance is bound to gain steam in the very near future.)
The technical picture ought to be self explanatory.
as for the long term EUR/GBP relationship;
GBPUSD SELLWelcome . The pound sterling against the dollar. in a very negative state. With the price reaching the strong resistance 1.2100, with a retest of the area. It also formed a very negative candle on the daily chart. with a downward trend. And break the bullish flag. There is a lot of pressure from the sellers to bring the market down. to 1.18,000 levels in the first stage. And the level of 1.16000 is good luck. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
GBPUSD - Now we wait... GBPUSD - Now we wait...
GBPUSD within the ranges Highs: 1.22480 Lows: 1.18530
Keep in mind:
we had BOE'S BAILEY: CAUTION AGAINST SAYING WE'RE DONE ON RATES & Let's not forget we aren't done with 'Brexit' as that tension tightens as per usual we saw EURGBP escalate higher whilst GBP we are within these ranges until prices give us clear direction.
Technical view - It's very clear levels when it comes to price and we could even say there's pattern formed
Highs: 1.22480 Lows: 1.18530
A break of highs, take us back to 1.24000 areas
A break of lows, take us back to 1.17000 areas
Don't forget to add alerts & stick to your own trade plan.
Have a great day ahead,
Trade Journal