GBPUSD BULISH we are expecting gbpusd to go up 90 pips up for now
hpe you will take full advantage of the analysis and make fortune ut of it
GBPUSD
XAU/USD ANALYSISWe are expecting gold to move 1709.50 from 1701.50 almost 90 pips up from the currenct position and then there will be a huge sell momentum from 1709.50 till 1688 amost 210 pips from where we are executing the gold so hopefully you will take such opportunity and make a fortune out of this trade
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
GBPUSD: Ending DiagonalTheory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1.
Properties Of Diagonals:
Diagonals can be contracting or expanding type being expanding diagonal a rare one.
In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2.
In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2.
Types Of Diagonals:
LEADING DIAGONAL
ENDING DIAGONAL
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat.
After the termination of the diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal structure)
TRADING STRATEGY:
Buy GBPUSD with SL of 1.1590 and look for the upside target of 1.1760 and 1.1800
GBPUSD AnalysisSetup Contains:
1. Stop Hunt (Buy Side Liquidity)
2. Structural Breaks
3. Expecting Return to Current Range's Premium POI (OB/IMBALANCE)
FOLLOW PAFX & TRADE LIKE BANKS 💸
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
GBPUSD portrays falling wedge at multi-month lowGBPUSD prints a falling wedge bullish chart pattern amid all the pessimism surrounding the UK economy and the hawkish Fed, not to forget the US dollar’s run-up. The recovery moves, however, need validation from the 1.1810 hurdle, as well as the 50-SMA resistance surrounding 1.1840. Following that, a three-week-long horizontal resistance near 1.2010 could test the bulls before directing them to the monthly high, currently around 1.2295.
Meanwhile, pullback moves could retest the lower line of the stated falling wedge, close to 1.1640, while refreshing the multi-month low. Following that, the 1.1600 and the 1.1500 round figure may entertain the GBPUSD bears before highlighting the year 2020 bottom close to 1.1410. That said, the cable pair’s south-run past 1.1410 will make it vulnerable to drop towards the 1.1000 psychological magnet.
Overall, GBPUSD bears seem running out of fuel but the recovery needs a strong push to convince buyers.
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
GBPUSD bears prepare for fresh yearly low, 1.1620 in focusGBPUSD dropped consecutively during the last four days to approach the yearly low marked in July, before recently bouncing off towards 1.1800. The bears, however, appear more dreadful this time as the RSI has comparatively more space to hit the oversold territory than the previous south-run to refresh the multi-day low of 1.1760. That said, the 1.1760 level may test the sellers before directing them to a convergence of the three-month-old descending trend channel and 61.8% Fibonacci Expansion (FE) of April 25 to August 01 moves, around 1.1620. Should the quote fail to reverse from the 1.1620 support confluence, the March 2020 lows near 1.1410 will gain the market’s attention.
Alternatively, recovery moves remain elusive until the quote rises back beyond June’s low of 1.1935. Following that, the 1.2000 psychological magnet could lure the buyers. It should be noted, however, that the GBPUSD run-up beyond 1.2000 will challenge the convergence of the 21 DMA and 50 DMA, around 1.2080-85, which will be crucial to watch for a short-term trend change.
To sum up, GBPUSD is on the bear’s radar for a fresh yearly low as traders brace for the flash PMIs for August.
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
Go Long on GBPUSD/ #GBPUSD Analysisfirst start with monthly so as you can see price has already reached very respected support level and if you will open Monthly chart , you will find price has at very crucial level. and second if go to the weekly and daily chart you can see there is head and shoulder pattern has been formed and many more reason to go long from this level. in my views GBPUSD probably go up.
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
GBPUSD bulls step back from key resistance ahead of UK GDPGBPUSD retreats from the 11-week-old descending trend line as the traders await the first readings of the Q2 2022 UK GDP. In addition to the trend line hurdle, the 38.2% Fibonacci retracement of the March-July downside, near 1.2345, guards the pair’s immediate upside. Following that, the 100-DMA hurdle surrounding 1.2435 will be in focus. In a case where the quote remains strong past 1.2435, the odds of witnessing a run-up towards May’s peak of 1.2665 can’t be ruled out.
On the contrary, GBPUSD sellers can aim for the 21-DMA support near 1.2075 during further weakness. It’s worth noting, however, that the quote’s downside beneath 1.2075 will have the two-month-old resistance-turned-support line, around 1.1955, as the last defense for buyers. In a case where the quote remains weak past 1.1955, the odds of its south-run towards the yearly low near 1.1860 can’t be ruled out.
Overall, GBPUSD bulls are in the driver’s seat ahead of the key UK GDP data. It should be observed that the British economy is likely to witness recession and hence positive surprise will be welcomed with zeal considering the pre-data bullish bias.
GBPUSDGBPUSD- descending triangle pattern formed. Once it breaks the Triangle. It may retest and move towards the target marked.
Disc- Only for Learning Purpose, Not a trading Recommendation
GBP/USD FX:GBPUSD
Hi Everyone
Sorry for absence for so long. Actually i was busy in forex trading and working on something so it took some time in doing experimenting. But will make some time on daily basis and try to help you as much as i can with my charts.
This is an chart of British pound/ US Dollar. As you can see GBP/USD is falling for sometime now or you can say its almost an complete year. I will say this has complete its wave 1 and currently price is in wave 2. So you can expect some range bound in it or bounce back in form of correction for 2...3 months. It will form an ABC structure as per our Long Term Degree and currently we are in wave-LC1. Lets see what happen.
See the below chart to understand how our degree cycles work.
GBPUSD ALSO BEARFISH ON DAILY CHART.As you can see on the daily chart GBPUSD is struggling at this point and also it is showing a bearish price action. as you can see gbpusd has already touched the upper trendline of descending channel pattern. Now I see that it can continue its long-term trend which is to sell. remember, this is a daily chart and higher timeframe is more infective than a lower timeframe. so design your trade accordingly. hope you guys enjoyed my analysis.And one more thing don't forget to follow me and hit the like. thank you, guys.
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
GBPUSD Technical Analysis based .The long term trend of gbpusd is sell . And now you can see gbpusd is making channel which id showing bearish price action. And gbpusd has been touched the upper line of channel .If you want to take position gbpusd you can take with proper risk management.if you like my analysis please follow me .thanks everyone.
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
GBPUSD bulls losing strength ahead of BOEGBPUSD extends early-week pullback from a 2.5-month-old resistance line around a lower line of the bullish channel connecting multiple levels marked since mid-July. Considering the recently downbeat RSI and MACD conditions, as well as the Cable pair’s U-turn from the key resistance line, the sellers are likely to defy an upward sloping trend channel by keeping reins below 1.2120 nearby support. With this, a slump to the 200-SMA level surrounding 1.2080 appears imminent. However, multiple supports around 1.2050, the 1.2000 psychological magnet and the 1.1980 levels could test the bears afterward. In a case where the quote remains bearish below 1.1980, the odds of witnessing a fresh yearly low, currently around 1.1760, can’t be ruled out.
Meanwhile, recover moves need to cross the 10-week-long resistance line, at 1.2250 by the press time, to recall GBPUSD buyers. Even so, the 61.8% Fibonacci retracement of the May-July downturn and the aforementioned channel’s upper line, respectively near 1.2320 and 1.2335, could challenge the bulls. It should be observed that the pair’s upside past 1.2335 needs validation from the mid-June swing high surrounding 1.2405 before directing the north-run to 78.6% Fibonacci retracement level and May’s peak, around 1.2475 and 1.2665 in that order.
To sum up, GBPUSD fades upside momentum ahead of the key Bank of England (BOE) monetary policy. The British central bank is expected to announce a 0.50% rate hike but the details surrounding the economic conditions of the UK might favor the pair sellers.
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.13724
Next Zone area & horizontal swing Low support
1st Resistance
1.24353.
Zone area & horizontal swing high resistance
