GBPUSD
Analysis on GBPUSD (with TP and SL)hello traders.
After we hit our tp on gbpusd (see the comment below for link)
here is our fresh analysis on this.
The pair did break the support line, did a retest and is heading
towards its support.
TP=1.6400 SL=1.29000
Sell on GBPUSD (With TP and SL)Hello traders.
After we hit our tp on gbpusd (see the comment below for link)
here is our fresh analysis on this.
The pair did break the support line, did a retest and is heading
towards its support.
TP=1.6400 SL=1.29000
GBPUSD Sell ideaHere is an in-depth look at my market analysis. My sell entry was at 1.29611. If we get a nice pullback a REENTRY is highly possible which would then continue the gbpusd downside momentum
GBPUSD sell ideaWait for a nice pullback into structure to continue the trade if you missed our entry on our signals :)
Analysis of GBPUSDHello Traders,
So here is an analysis of GBPUSD
As we can see that in 4h its on sell trend but
there would be a small buy that might come.
As you can see that at level 1.3000 it hit the trendline resistence
and started falling.but after hitting the support line on 1.27955 it went a bit high,
so considering this it wil go a bit up and then continue falling again as its a sell trend.
GBPUSD TRADE SETUPThe pair ended a cycle up in wave ((1)) from the 9/3/2019 lows at 1.3519 on 12/13/19. From there a cycle in wave (A) ended at 1.2904 & wave (B) ended on 12/31/19 at 1.3284 to correct the cycle lower from the 12/13/19 highs . While below 1.3066 where the hourly right side is down a turn back lower to correct the cycle from the 9/3/19 lows can further develop. While it shows it will remain above the 9/3/2019 lows where the 4 hour right side is up it can see another swing higher in the correction of the cycle lower from the 4/17/18 highs.
GBPUSD: LONG TRADE SETUP (150 PIPS PROFIT )Few weeks of bearish trends and retracement, bullish momentum is finally building strongly on GBPUSD as price is approaching 1.30 , Probably before the week runs out buyers are able to take price towards 1.31 zone.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
GBPUSD : SHORT TRADE IDEAGBPUSD is looking bearish as buyers are losing hold from 1.29750, Hopefully bearish sentiment continues with this momentum and drive price downwards towards 1.28750 level(TP level).
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
GBP/USD Technical AnalysisThe counter is currently in a pullback mode after a steep fall.
The correction has ended with the formation of a head and shoulder pattern.
The price action has broken the neckline and is currently consolidating just below it.
Hence, we expect the pair to be bearish in the near-term.
GBPUSD TRADE SETUP The pair ended a cycle up in wave ((1)) from the 9/3/2019 lows at 1.3519 on 12/13/19. From there a cycle in wave (A) ended at 1.2904 & wave (B) ended on 12/31/19 at 1.3284 to correct the cycle lower from the 12/13/19 highs . While below 1.3210 where the hourly right side is down a turn back lower to correct the cycle from the 9/3/19 lows further develop. While it shows it will remain above the 9/3/2019 lows where the 4 hour right side is up it can see another swing higher in the correction of the cycle lower from the 7/15/14 highs.
GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.296.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.2905.
TP4: S2=1.287.
Set the stoploss of these orders at breakout of R2=1.298.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.298.
In this situation, there is an expectation to reach the target R3=1.3065.
Set the stoploss of reverse orders at breakout of R1=1.296.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.2955.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.2905.
TP4: S2=1.289.
Set the stoploss of these orders at breakout of R2=1.2975.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.2975.
In this situation, there is an expectation to reach the target R3=1.307.
Set the stoploss of reverse orders at breakout of R1=1.2955.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
