GBPJPY already formed Reversal Signal!!!! Hi traders,
After a long time of waiting, GBPJPY has formed a reversal signal , which is a good looking pinbar at support area!! Yay!! :)
Well, I'm not 100% saying that GBPJPY will go up, instead I'm it has higher probability and possibility to go up. The risk-reward is beautiful. Therefore, I would suggest you to do a long position on this pairing.
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**Trade with care**
Gbplong
GBPUSD Long setupAfter our successful short we find ourselves with an opportunity to get long.
Based on;
>Bat-pattern completion
>Trend line (triangle) support at bat D completion
>Oversold condition
>Psychological support at 1.24000
These combined gives me a clear signal to enter.
Target conventional 0.382 fib of A to D (the lowest point)
GBPUSD (15m) Buying signal with break above monthly resWe have an opportunity to get long with a break and close above monthly resistance. Historically when this has happened the price has retraced for a brief retest before heading up.
Lets see how this pair responds this time, the risk to reward is big enough for taking the risk (for me).
Do your own analysis, we see lots of different opinions on this pair. I follow the signals that the price action gives me, in the end, the most important factor is being profitable over time despite being wrong every now and then.
GBPUSD Simple fibonacci and structure trade - LongI let the chart do most of the talking.
But the main ingredients in this setup is fibonacci retracements to predict entry, target and stops together with previously tested structure areas that is of interest for building this case.
Oversold condition together with the 0.618 is my signal.
Lets hope we get filled, and lets see how this plays out.
GBPUSD 15m - 2618 long ideaAnother 2618 hits the radar and order has been filled.
On a bigger scale we have a bearish cypher which favors the sellers, on the other hand we also have a trend continuation favoring the bulls (on the bigger scale).
Nevertheless, 2618 is an entry reason for me to get long on this pair today.
Lets see which side prevails this time!
EURGBP LONG TERM SHORT: Fundamental and TechnicalTechnically EURGBP is overvalued, trading outside 800 period BB on the daily chart.
Long term bearish divergence is seen towards 0.90 and 0.92.
Targets = 0.86 (missed monthly pivot) and 0.81 (missed monthly pivot) with profit being taken every 100 pips along the way to these targets.
Fundamentally the Euro should remain under pressure since Draghi has not changed his stance on QE and rates. This may change in December, however.
More importantly, the BoE should not cut interest rates further in the wake of strong UK data since Brexit. This should support Sterling.
GBPUSD 4H short-term LONG setupHey traders,
I'm looking to grab a piece from this opportunity.
Reason for entry: Cypher completion D
+
Price failed to close below bullish trendline despite several attempts.
+
Double bottom in area of cypher D closed the deal for me.
Entered long at 1.29800
Target based on 38.2 fib of C-D leg (adjusted for the entire move)
GBPAUD POSSIBLE LONG?Pro's
- good reversal pattern.
- price sat at good support.
- recent break of downward trendline, now retesting.
- 0.5 Fib retracement level from previous swing low to high
Con's
- Trending against the trend
- Trading through EMA's including 50EMA on daily.
Thoughts? Please comment below
Long Term Buy GBP/NZDWith NZD still struggling to make any consistent good data and CPI expected to fall again this week we expect to see a huge relief rally on this downside against the GBP. This is a longer term trade and will probably last for a few weeks so trading it at smaller lot sizes to accommodate the large stop loss is wise...also take into consideration the difference in interest rates and the charges you will incure to hold this trade over long periods of time Learn to trad like a pro HTTP://BANKONADAM.COM
Long term Analysis on GBPFor the first time this year the C.O.T. report is showing long positions are higher than shorts amongst non commercial traders. This is a clear sign that long term sentiment is changing.. Although we are likely to see the 15000 level tested again and a possible dip towards the 14600 support it is time to start thinking about long term buy positions with large targets for the rate increase next year. WE SHOULD ALSO BE LOOKING AT THE gbp/jpy AT THE MOMENT Learn more about how I trade boafx.com