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
GBPUSD
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
GBP/USD - SHORTThis analytics i use Trad line, multi time farm confirmation, some of news etc. Lets check it and give me a feedback into to comment bellow. Like this idea as your wish.
And also make sure you have follow me because i will share money ideas regularly.
thank your for giving your time.
#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
GBPCHF SELLwe are able to see the momentum for sell and it is going for the sell and has reached the point which it did not reached from last 22 years so the value of GBP pair is decreasing day by day and still we can see a downward movement in it from here till 98 pips down for now and mush more if the point is been crossed which we labeled as target point and if its get stable lower then it we can see it falling for this week more
GBPUSD Analysis for GBPUSD. It has gone under correction zone with wave . Assuming a flat correction here still its not confirm either lets see where the market heads making a clearer picture to get into trade.
This is clearly my idea and don't claim any signals, trade according to yours lookout and analysis
Happy Trading
Thankyou
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GOLD SIGNALS
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warning: Note! The Analysis video shared here are for educational/informational purposes only.
Technical Analysis: GBPUSD bulls need validation from 1.2110GBPUSD refreshed a three-week high on Tuesday while extending the breakout of 100-SMA. However, a convergence of the 200-SMA and a downward sloping trend line from June 16, around 1.2110 appears a tough nut to crack for the Cable pair buyers. Given the RSI’s nearness to the overbought territory, the upside momentum is less likely to overcome the key hurdle. However, a successful break of the 1.2110 could quickly propel the quote towards the June 30 peak near 1.2190. It’s worth noting that multiple resistances around 1.2230 and 1.2325-30 could challenge the pair buyers beyond 1.2190, before directing them to the previous monthly peak of 1.2405.
Meanwhile, pullback moves may dribble around 1.2050-45 and the 100-SMA level surrounding 1.1960. Following that, an ascending support line from mid-July, close to 1.1940, will be crucial to watch for further downside. In a case where the GBPUSD prices remain weak past 1.1940, the 1.1800 round figure may act as an intermediate halt before directing the bears toward the monthly low, also the yearly bottom, surrounding 1.1760.
Overall, GBPUSD bulls approach the key resistance, a break of which can reverse the downtrend, at least for the short term.
Potential Generational bottom on GBP/USDIf GBPUSD continues to struggle to make new lows, on a macro perspective the move could be complete and now start retracing higher to the move that brought us here in the first place.
Looking to sustain 1.19 targeting 1.90
GBPUSD buyers jostle with key resistance around 1.2030GBPUSD's rebound dribbles around a one-week high while extending Friday’s upside break of a descending resistance line from June 27, now support. The Cable pair’s recovery also takes clues from the firmer RSI and the bullish MACD signals to keep buyers hopeful. However, sustained trading beyond convergence of the 100-SMA and a downward sloping trend line from June 07, around 1.2030, becomes necessary for the bulls to retake control. Should the quote manage to stay firmer past 1.2030, a run-up towards the monthly high near 1.2175 can’t be ruled out. Though, multiple hurdles stay firer to challenge the quote’s upside past 1.2175, a break of which could propel the prices towards the mid-June high near 1.2400.
Meanwhile, a weekly support line, close to 1.1990, could challenge the GBPUSD sellers. Following that, the resistance-turned-support from late June and the recently flashed multi-month low, respectively around 1.1820 and 1.1775, will be in focus. It’s worth noting that the pair’s sustained downtrend below 1.1775 could make it vulnerable to slump towards March 2020 bottom close to 1.1400.
Overall, GBPUSD recovery pokes the key resistance confluence as traders brace for important UK data, starting with today’s UK employment report.
GBPUSD "4H"The trend correction is almost finished in the 4-hour time frame. I personally wait for the reversal candle, after that I open my position short
GBP/USD BUY SETUP [1:23]GBP/USD try to fill the imbalance...it is in downtrend but now it is going against the trend to fill the left orders...it is a high rr 1:23 buy setup
GBPUSD AnalysisHTF Trend - Bearish
Idea - Price is moving in a range and the bounces should be sold off when the Risk Reward Is Favorable (Positional Trade)
GBPUSD bears have a bumpy road to the south at multi-month lowBe it recession fears or the UK’s political crisis, GBPUSD has to bear it all as it dropped to the lowest level since March 2020. However, the cable pair appears to have a limited downside room before hitting the key supports. That said, a nearly oversold RSI and a falling wedge bullish chart pattern near the multi-month low also tease buyers to take the risk. It should be noted, however, that a downside break of the 1.1770 mark, comprising the wedge’s support line and 78.6% Fibonacci Expansion (FE) of late March-May moves, will defy the bullish hopes. Following that, the 100% FE level surrounding 1.1520 may offer an intermediate halt before dragging the quote to the year 2020 bottom close to 1.1410.
Meanwhile, recovery moves may initially struggle around the 61.8% FE level near 1.1950 before regaining the 1.2000 mark. Though, bulls will be interested in seeing a successful break of the 1.2100 mark as it confirms the falling wedge bullish formation. In that case, theory suggests a run-up towards the 1.2800 round figure but the 50-DMA and May’s top could challenge the buyers respectively around 1.2360 and 1.2565.
Overall, GBPUSD sellers appear to have run out of steam but the bulls need validation.
Buy GBP/USDIt tested the weekly low and created and doji so its time to but it.
I am an Technical analyst. I have an 5 year experience of analysis. Providing you sweet and simple analysis of Forex pairs. For an paid/ daily analysis you an contact me detail in profile (Free calls for 3 days only) then its Paid with guidance.
Wait for an Setup to made GBP/USD.Gbp/usd is going near to resistance and tendline too lets wait and watch it is going to be come down soon.
I am an Technical analyst. I have an 5 year experience of analysis. Providing you sweet and simple analysis of Forex pairs. For an paid/daily analysis you an contact me detail in profile (Free calls for 3 days only) then its Paid with guidance.
GBP/USD - Bullish trade Hi,
Looking for a gbp/usd analysis, the pair is going to break the trendline and retouched.
Take the buy trade on after the support line broke.
Note: Trade only on 100% satisfaction on your strategy fulfill.
Thank you. Happy Trader.. 🤞
