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Gbpusdanalysis

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
Long
by Tradersnode1
GBPUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Price is respecting downward trend-line as resistance. It reached monthly resistance coinciding with the trend-line, got rejected and moved to the downside. We saw a W pattern, its neck also coincided with 0.618 Fib level on last bullish impulse, however price retraced to the upside failing to test the neck. W > We saw an M formation and expected price to move up to test its neck and complete the pattern. Price moved up till 0.5 Fib level on last bearish impulse. We now expect price to continue with downward move to test neck of W formation, it can continue to drop further till -0.272 Fib level which also coincides with weekly demand zone. D > Price moved up to complete M formation creating HH abd HL in a rising channel. After testing neck price dropped but could not break its last HL and moved up facing rejection at daily demand zone. Price is now testing supply zone created by neck of M formation. As per COT GBP saw addition of Long and closure of Short positions further improving net positions though still in -ve. BXY however weakened during the said week and ended last week in a Doji after strong buying pressure during start of the week. We must note that in month of June and July BXY made all bullish move while having negative net positions, this ride was because of weak DXY and not due to strength of BXY . Hence we expect a realtime correction to the downside soon. 4H > We will monitor price action at current supply zone for breakout. For bearish breakout we already have two targets, for a bullish breakout we expect price to rise up till next daily supply zone and face rejection to the downside. Pair Correlation > GBPUSD has positive correlation with GBPJPY, GBPCHF and GBPCAD and negative correlation with EURGBP. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
1
SWING TRADE- GBP/USD- SELL FROM 1.25500-1.25700 REGIONCONTINUATION GU - FROM 1.25500-1.25700 REGION LOOKING TO GO SHORT GU FROM OUR BLUE ZONE WE HAVE CONFLUENCES THAT AT THE 1.25500-1.25700 REGION WE COULD SEE SOME SORT OF SELL OFF IN THIS REGION WE HAVE 61%FIB ALSO A TREND LINE AND TWO PRICE GAPS THAT HAVE TO GET FILLED UP IN THIS AREA ALSO WE HAVE ELLIOT WAVE WHICH LINES UP PERFECTLY WITH THE 4 WAVE I THINK THIS IS JUST A PULL BACK BEFORE WE SEE PRICE DROP TO AROUND 1.22500 THIS IS WHERE OUR FIRST TAKE PROFIT IS OUR SECOND TAKE PROFIT IS 1.21700 THIS GIVES US AROUND 320-400 PIP TARGET DEPENDING ON ENTRY SELL LIMIT 1 SELL LIMIT 2 ENTRY; 1.25550 ENTRY;1.25700 TP;1.22500 TP;1.21700 SL;1.25750 SL;1.25850 R:R; 1:15 R:R; 1:26 REASONS FOR GU SELL 61% FIB DOWNWARD TREND LINE LIQUITITY TRAPPED IN 1.25500-1.25700 R2(INTRADAY)(15) 4TH ELLIOT WAVE - MEANING NEEDS TO AST LEAST GO BACK TO PREVIOUS LOW I WILL LOOK AT PRICE ACTION BEFORE ENTERING THIS TRADE LOOK FOR BEARISH REVERSAL ON LOWER TIMEFRAME IN THE AREA OF 1.25500-1.25700 IF YOU SEE BULLISH MOMENTUM PAST 1.25800 DO NOT ENTER TRADE AT YOUR OWN RISK
Short
by Carlos44
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.
Short
by Forextuitions
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.
Short
by Forextuitions
GBPUSD SHORT 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) is in progress as a triangle while above the 1.2954 lows where the hourly is turning up. While a bounce fails below 12/13/19 highs it can see a pullback lower to correct the cycle from the 9/3/19 lows. 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.
Short
by Forextuitions