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Gpbusdlong

GBPUSD remains a Buy intraday trendGBPUSD remains a Buy intraday trend In the short term buy intraday in the 1.21600-1.21400 area sl: 1.21000 tp:1.22000-122300 The Hamas-Israel conflict and yields continue to pose a threat to the currency pair ahead of a series of key economic data from the UK and US this week. In the H4 framework, GBP/USD started to rise after testing his 1.2100 support, but the RSI is still stuck below 50, indicating that selling pressure remains strong. If the price closes below 1.2100, sellers will continue to target support at 1.2050 (on the downside from July high to October low) and 1.2000 support. Immediate resistance for buyers lies at the 20-day moving average at 1.2150, then at the 100-day moving average at 1.2180 and 1.2200.
Long
by NicoTradingMaster
1
GBDUSD LONG! RETEST TO HAPPEN!?i have setup my chart with a lovely confirmation of two strong trendlines going in only one direction! to me this is a strong bullish sign of a breakout to happen to hit the next daily high! i will be waiting for that possible retest for a confirmation signal for my entry on the 5M - 1HTF (less experience please use 1H)! please be risk assured as this is at a strong resistance level! HOWEVER due to the strong trendline direction in both the DAILY and the 4H it's also piling pressure and pushing a squeeze on that resistance! manage your risk accordingly and let's hit that target!
Long
by RJLfamily
1
The GBP in the reign of King Charles The death of Queen Elizabeth II on Sept. 8 beaconed a new era for the UK, coming on the heels of Elizabeth Truss taking office as prime minister and heralding the proclamation of King Charles as the new monarch. These changes could be overwhelming for a country that has known only one monarch for 70 years. Even more daunting is that these changes happened amid economic uncertainties, the energy problems affecting Europe and before full recovery from the COVID-19 pandemic has been truly achieved. The British pound was modestly lower compared with other major currencies a day after the Queen's passing. However, the sterling had been relatively week even after the Truss was named prime minister. On Sept. 7, it dropped to a 37-year low of $1.1469. However, the pound has found some buyers since the seventh, bouncing from this low and climbing back to its last consolidation zone just above 1.7000. This is perhaps an odd bout of bullishness in the lead up to the release of the UK’s August inflation data due on Wednesday. Days before the Queen's death, Goldman Sachs warned that the UK could fall into recession in the fourth quarter of 2022, echoing earlier forecasts from Bank of England. Considering these bearish sentiments, all eyes are on how Truss and the new King will navigate the country of four nations through these murky economic waters. Long lived the queen Queen Elizabeth was 96 years old when she died. She was the UK's longest-reigning monarch and lived through the aftermath of WWII, the winding down of Britain’s vast empire, the 2016 Brexit vote and a global pandemic, among other major events. Following her death, her eldest son Charles takes the throne and the crown amid ongoing criticisms that the monarchy is outdated and absorbing public finances, CNBC reported. Considering the country's current financial situation, it is not too far off to assume that these disapprovals will only intensify. King Charles is already one of the richest people in the world. Being the monarch, he will also be responsible to the Crown Estate, which comprises 15.6 billion pounds ($18.25 billion) of property, according to Financial Times senior business writer, Andrew Hill. While the Royal Family may not have a direct hand at UK's financial policies, it falls on the new King the responsibility to rally public sentiment, especially during a period of crisis. Andrew Roberts, a historian and professor at King's College London, was cited by CNBC as saying that the new monarch intends to "slim down the Royal Family" to show solidarity with the rest of the country during a "massive cost-of-living crisis." Trusting Liz Truss Amid the troubling times in the UK, perhaps harder work is demanded more from new Prime Minister Truss than any other person in the country. In her last public engagement, the Queen met with Truss two days before her death to ask the latter to form a new government. Truss immediately jumped into action, unveiling a 40 billion-pound energy support package for homes and businesses in the UK amid soaring electricity and gas prices, exacerbated by the reduction of supply from Russia after it faced sanctions over its military action against Ukraine. The plan includes a 2,500 pound cap on household energy bills for 2023. Truss took office also after the annual inflation rate in the UK reached 10.1% in July, marking a record high since February 1982 and a peak among G-7 nations. Her election victory also comes on the back on the biggest rate hike in the country in 27 years, which is also expected to further grow once the Bank of England resumes its monetary meeting following a period of mourning for the Queen. Earlier unveiled economic plans for the Truss government also includes an emergency budget targeted at reversing the recent increase in national insurance contributions, as well as the removal of the corporation tax hike scheduled for April 2023.
by BlackBull_Markets
Double Bottom Pattern GBPUSD 4-HourHi Traders, Happy Monday. Today we are looking at a double bottom pattern that has been playing out on GBPUSD – 4-Hour TF. I have highlighted the yellow NECK ZONE that we were watching. We were waiting for the price to break up and close above the neck zone. We then wanted to see the price retrace back into the neck zone before entering into a long position. Our targets are previous support. Looking left, we can see that price did indeed pierce up to our target. Another bit of confluence for this setup was the full divergence that was displayed on the MACD. We have sellers weakening out even though the price was pushing lower. We can see this on the MACD Histogram as well as the MACD MA Lines.
Long
by TheVortexTrader
GBPUSD LONG - Einstein Says So Hi traders Please check out our simple analysis of Gbp/Usd. Again this was on our watch list from a 4hr our perspective last week so I thought id share the daily perspective to give you the bigger picture. I do anticipate we could see the top of the channel but my exit will be at the 0.618 of the impulsive move. Do you agree with this set up? If you do let me know in the comments below. Hope you have a profitable week and remember keep it simple stupid! The Fx Chartist
Long
by TheFxChartist_
1
GBPUSD | LONG| Areas of InterestTrend: Bullish Retail Sentiment: 76% Short LP Sentiment: 44% Long Hope you have all had a great trading weekend Moving into Tuesday my sentiment has not changed, but I would like to see better prices than where we are at the moment. If you are looking to short the market in the morning that could provide a good short term move. For all my followers I wanted to provide content that can enable you to become a better trader. My Areas of interest are defined by looking for volume imbalances in the market 👨🏾‍💻 I will be focused on the buy-side (green) areas of interest. As an intraday trader, I will be looking for a good setup to trade back into the trend. Sell-side areas are great for exits 🕵🏾‍♂️ Happy Trading Regards LBM
Long
by Little_Big_Movement
GBPUSD - SWING - 19. OCTO. 2020Welcome to our weekly trade setup ( GBPUSD )! - 1 HOUR Strong break and pressure towards previous highs. 4 HOUR Pullback towards previous main sr level. DAILY Overall good long entries, nice price action.. - FOREX SWING BUY GBPUSD ENTRY LEVEL @ 1.29510 SL @ 1.28750 TP @ 1.30570 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
21
GBPUSD Short or Long?scenario that i am thinking is probable is a bullish breakout to the area of high resistance possibly even between 1.26 & 1.28 on 1hr to 1d time frames its showing a loss in bullish momentum and if there is a break to 1.22 it could signal a further drop to 1.19 or possibly even 1.14 however its more likely the market would reject those lower prices. one 1 week time frames though it shows a loss in bearish momentum -- i'd relatively new to trading so id appreciate some feedback on this
by UnknownUnicorn7785892