GBPUSDDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
I said in the last weeks ...it rejected and went up more than we anticipated last week ... we anticipated 120 pips and went up almost 200 but it remained below the strategic area of 1.40!
a monthly close below 1. 40 will make me share the idea and keep looking for SELL until the 1.33700 area and a close above 1.4 will open the range area and will force this area for a while ..
THIS WEEK...as you can see, the W pattern for a week is almost perfectly respected and GU has already reached level 1 that I proposed last week!
from here ... I expect a rejection and a small retracement move and after ... DOWN AGAIN to target 2
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
Gbpusdanalysis
GBPUSDDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
I said in the last weeks ...GU has started the massive decline and has already made 400 of the 700-1000 pips we anticipate!
even if it will still range in this area or will go up a maximum of 100-120 pips ... my next target is 1.36700 and after ... 1.33800 from where I will reanalyze
THIS WEEK...it rejected and went up more than we anticipated last week ... we anticipated 120 pips and went up almost 200 but it remained below the strategic area of 1.40!
a monthly close below 1.40 will make me share the idea and keep looking for SELL until the 1.33700 area and a close above 1.4 will open the range area and will force this area for a while ..
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
GBPUSDDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
I said in the last weeks ...as I said last week UG started the descent but has not yet left the critical area! I will wait until the beginning of the week to see if Friday's massive withdrawal was just the NFP effect or will it continue to climb ... but for now I will start looking for SELL for 700-1000 pips as I said!
However ... a close even for 1 day over 42300 will force me to think of BUY another 100-150 pips and then ... DOWN AGAIN
THIS WEEK...GU has started the massive decline and has already made 400 of the 700-1000 pips we anticipate!
even if it will still range in this area or will go up a maximum of 100-120 pips ... my next target is 1.36700 and after ... 1.33800 from where I will reanalyze
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
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
GBPUSD, looking for retest on February third weekHi traders,
GBPUSD analysis for the week of Feb 15-19,
Resistance line above the top for GBPUSD pair at 1.38750 area,
It may stops and expect to send it back to 1.37500 area
Dollar index too looks strengthened on the beginning of the week.
After the mid of week , it might go bullish, price action suggest the same too.
could be the mixed week for long and short.
Analysis only for education purpose..
GBPUSD WEEKLY FORECASTGBPUSD price now in resistacne zone what we can except...
1) RED
Price can Make a little correction moves downwards upto 1.31200 and then it can move upwards
Wait for Price Confirmation @ 1.31200 and then GO LONG...
Take Profit @ 1.32600
2) BLUE
Price move to new support level Where it will meet upwards trendline @ 1.29950 - 1.300000
Wait for Price Confirmation @ 1.29950 and then G0 LONG....
Take Profit @ 1.31000
3) PINK
Price move towards a Major support zone @ 1.28580
Wait for Price Confirmation @1.28580 and then GO LONG...
Take Profit @ 1.29800