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Gbplong

Long GBP/USDFundamentals:- We are taking a short term Fundamental view on the GBP/USD at the moment. The USD has gone from strength to strength for many months now; every so often it will produce a pull back and some profit taking. The short term data has been a little worse than expected and with the MPC changing its interest rate vote recently we could see a continuation of the GBP strength, at least for the short term. Technicals:- As you can see from the 1 hour chart we are hovering around an area where there is plenty of support and resistance levels. The recent push up is a sign of buyers coming back into the market, however at an over bought price on the 1 hour chart and current resistance would suggest a slight pull back in its upward path. there is a nice stepping upward pattern on the 1 hour and 30 minute chart as in the pic below I would expect a poke at the bottom line and a fake breakout as the week draws towards the NFP figures at the end of the week. Overall a retest of the 13330 on short term sentiment is a strong possibility which I intent to profit from buy limit:- 13177 stop loss:- 13107 take profit:- 13340
Long
by FreeForexSignals4u
EURGBP - A deeper look on the lower timeframeHere's the chart I've posted about the Short in this pair. With this chart, I want to give a more in-depth view on the hourly chart, although I only manage my trades in the original chart. You see the Blocks (orange & red). These are very often important structures. They have their merit, and we can get useful information from them, supporting our decisions in trading. The downsloping yellow Fork shows us the most probable path of price. Now, price reached the CL already. Then a decent pullback, leaving structure (red Block) on the chart. After reaching the U-MLH, price got a natural rejection (price is stretched) and then released it's energy to the downside (pink WideRangeBar). Of course, it must pull-back, just to take out the weak hands, sametime running into the next structure - the red Block. From here we will see a important decision playing out - Bears vs. Bulls. Keep in mind that the really important part plays on the higher timeframe. So this is just a more insight into the playground of the madness §8-) P!
by Tr8dingN3rd
GBPUSD BULLISH BREAKOUT TRADE SCENARIO - 14X RISK/REWARDWe have a strong bullish breakout of the Kumo cloud, a Kumo twist, and a nice bullish RSI divergence. Upper boundary of Kumo along with the Fib level held as a nice resistance. Lagging strand of the Ichimoku graph has not collided with previous prices--yet. This is a signal for consolidation. There are a few possible plays here: a minor channel-based play with an exit in the middle of the black consolidation area; a buy-in after the Resistance line and exits at or below ~1.358
Long
by Allen4083
GBPUSD Hourly, 2618 setup (LONG)Its been a while since I entered with this setup, but this one had a case with historical support and resistance area coinciding with the 2618. A clear double bottom, right at the level. With a break to the upside (break of the "v" point of the double bottom) followed by a 0.618 retracement - and here we already see some reaction. Targetting retest of the previous high followed by a 0.618 retracement of the larger bearish leg - which coincide with 1.286 round number. Stop loss below previous lows
Long
by timmynorin
GBPUSD Long Position After The Vivid UptrendMy bias for this pair would change if this pair attempts to remain below 1.3 and break the trend line. Moreover, 4h might confirm short entries when the trend line is broken. Having had GBP on its lows, It may be time to get back up with an uptrend and far more formations. On the chart, we have an uptrend on the weekly level and also one on the daily level. A breakout has already occurred and I do see a continuation to the upper side in the course of the coming week. The breakout is followed by a bearish pattern which I do take as a retest/retracement.
Long
by DevLucem
3
GBPUSD long off election news in anticipation of Fed.Logistic Wealth Management Strategist-Tanner Elphee 6/12/17 GBPUSD sold off harshly after election results. Me being the novice trader I am jumped right in off the first woosh bar. Set my stop behind the first wick and through the night it stopped me out. In hindsight the stop was way too close and I really have no clue what is going on in UK. I know the USD is expected to fall, if move at all, Wednesday after the fed meeting. That being said XXX/USD pairs should continue to rise like eurusd. The whole situation is out of the ordinary and this setup looks too good to miss again. I've waited patiently and here is my precision entry. I'd certainly expect a reasonable fill between now and Wednesday. GBPUSD short 50k Entry 1.25708 Stop (no place particular) 1.26500 Target 1.295 Disclaimer - LWM is a fictional company at this point of time. Naming rights are not owned. The views and beliefs of current market conditions are not intended to be acted on without proper evaluation and understanding according to your own trading plan. Trade at your own risk!
Long
by UnknownUnicorn981629