Gbpusdbuy
#GBPUSD, Weekly Technical AnalysisLike the recent analysis, we continue with the buy signal on the above currency.
Since the gbpusd stopped at the support line at 1.20 the price goes back to recover and break every barrier on the way.
If we learn from the other times, any recovery of the gbpusd after the above support seems to have been powerful.
Target: 1.2720
#GBPUSD, Will the increases continue?Strong support in 1.2019 that brings in a lot of buyers.
A bullish trend for several days.
The increases come after a hammer-shaped candle that indicates a trend change.
If we learn from the history of the gbpusd encounter with the above support line the direction is very clear.
Target: 1.2570
GBPUSD Bullish BreakoutGBPUSD bounced at a weekly support making the direction bullish.
Now as you can see on the 4 hour chart the market broke out of the double top with a increase in volume, confirming the break out is probably a true breakout, (don't forget nothing in the market is a 100% we are looking at what is the percentages we have)
the breakout occurred on thursday night, I was looking to get in at the pull back but I didnt take it due to it was before the Fed meetup on friday and I did not want to take the risk before seeing what will happen.
But I dont think this is over I believe I will still have a chance to get involved, Im waiting for a little pull back now so I can at least have a 2-1 Risk Reward ratio, my Stop will go below the recent low and my take profit at my first Target.
I hope You Learned Something From This Post.
if you have a question you can ask me anytime.
Happy Trading!
GBPUSD BUY/LONG DIVERGENCE + STOPHUNT 4Hr + DailyGBPUSD is has given us multiple confirmations on this trade:
The Analysis is Done On The 4 Hour + Daily, The Trade Is Placed On The Daily
On the 4hr we have:
Divergence
StopHunt
On the Daily we have:
Break of Structure
Retest Of Structure
Also The BXY(GBP Index) is showing signs of strength indicating most GBP pairs are gain strength
GBP/USD BUY (RETEST OF 1.22500)My BIAS for GBP/USD for the upcoming week is BUY.
My reasons behind this are
1. Price has just broken above our Daily Resistance.
2.Price has retested our Daily Resistance and bounced straight back up sitting currently just above the previous high made on the 4HR TF.
What I will be looking for before entering this trade.
- A retest of previous highs at 1.22500
- A strong Bullish Rejection Candlestick
- Price to not fall below recent lows at 1.22000.
I will be looking to enter my trade around 1.22500
Taking profits at 1.23800 (130 pips)
Stops set at 1.22200(30 pips)
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#GBPUSD, A strategic price that cannot be ignoredThe pound is on super-serious support at 1.20,
Stochastic is close to 0 with cross lines which mark Oversold.
So it is true that the trend is down but worth taking advantage of the above bull signs.
Target: 1.23
In the event of a downward break, a strategy should be completely changed
GBPUSD - 15 MIN ENTRY & EXITFREE ANALYSIS ON GBPUSD
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45 Min
GBPUSD should continue its downward trend. Watch for break in trend Line