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Gbpusd1hr

GBP/USD BUYS FROM A BETTER PRICE 1.38600-1.38750 OR THE 1.38300 Looking at GU we have come up to 1.42 region and have respected it quite well overall last week was bearish but the trend is still bullish on 4hr we can see no structure has been broken so I'm still looking for buys from these two areas we have to remember the overall trend is higher so looking for sells while we have been in a strong uptrend is us going against the trend and we could get stopped out at anytime Looking on lower time frames we can see we are starting to make lower lows but I just think this could be a fake move for banks to buy at a cheaper price we can normally see a decent amount of movement from Tuesday to thursday and yesterday gu didn't move that much so I expect Thursday between London and New York session we could see a move down to cover the imbalances and then shoot up BUY ZONE 1 ENTRY : 1.38750 STOP LOSS 1.38550 (20 PIPS) TAKE PROFIT 1.40 (125 PIPS) REASONS FOR BUYING AT THE PRICE 1. 88.6% 2. S2 3. Lower g1 4. no lower lows structure forming BUY ZONE 2 ENTRY: 1.38300 STOP LOSS: 1.38180(12 pips) TAKE PROFIT : 1.40 (170 pips) REASONS FOR BUYING AT THE PRICE 1.Double bottom 2. 4hr structure 3. S3 4.4hr 200 If price breaks below 1.38300 do not enter wait for price action and enter
Long
by Carlos44
3
GBPUSD hits 1.2310 buyers may test towards the 1.2380 and 1.2480The British pound has surged to its highest buying and selling stage since late-July in opposition to the US greenback as dip-buyers retain management of the pair. The GBPUSD pair has hit its near-term bullish goal, at 1.2310, though the bigger upside goal is nearer to the 1.2500 stage. Bulls might want to maintain worth above the 1.2310 stage to encourage extra shopping for in direction of the 1.2380 resistance space.  The GBPUSD pair is simply bearish whereas buying and selling beneath the 1.2195 stage, key assist is discovered on the 1.2155 and 1.2100 ranges.  If the GBPUSD pair trades above the 1.2310 stage, patrons might take a look at in direction of the 1.2380 and 1.2480 ranges.
Short
by forexinworld