Gbpusdsetup
GBPUSD gonna longGU create strong bullish divergence! If price will not close below 1.183xx than GU will retest 1.204xx; so its 200 pips opportunity!
Remember, there is no place for luck in trading - only strategy!
This analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions.
For best result in trading follow these rules for best result!
1. WHAT IS THE OVERALL TREND? PRICE ACTION WILL GIVE YOU CLUE!
2. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
3. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
5. AND MUST CHECK THE DIVERGENCE.
GBP/USD Full Analysis, Why You Want To Buy If It Still Bearish ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 1 Uptrend in green color .
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 levels from my past ideas published (Last 4H Support published yesterday) or levels that were respected from the past.
Good luck everyone, stay safe!
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Price unable to break resistance,rallies could be soldDear traders, GBP/USD has been unable to break the dynamic resistance on the 4-hour chart.
Hence, the bears now have the upper hand.
Minor support at 1.2160 exists, which if broken could open the doors to 1.19
As long a price is unable to break the dynamic resistance in the 4H chart, I would prefer to
sell the rallies in GBPUSD.
I have already sold at 1.2280 and if price spikes to that level again, I would recommend traders to
short it.