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Gbpusdlong

GBPUSD | The best price targets to climb📍Hello traders , GBPUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. In our count, we conclude that we are in a leading cycle, and that this cycle is probably related to a larger zigzag . In this count, waves 1, 2 and 3 are finished and wave 4 is formed. Wave 4 is in the form of a zigzag , and from this zigzag , waves a and b are completed, and now we doubt whether wave c is complete or not. We will have two scenarios: Scenario 1 Completion of Wave C: If Wave C is completed, it will break the range between 1.35000 and 1.34000 upwards, confirming the start of Wave 5. Second scenario incomplete of wave c: we assume that the count we had for wave b of this zigzag is not correct and wave b is two waves behind the current situation and these two waves are related to waves 1 and 2 of wave c. So we conclude that waves 1, 2 and 3 are composed of wave c and now wave 4 will be formed in the sideways state. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by mahdisoltaninjad
💡Don't miss the great buy opportunity in GBPUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.3309). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 49. Take Profits: TP1= @ 1.3330 TP2= @ 1.3353 TP3= @ 1.3386 TP4= @ 1.3419 TP5= @ 1.3450 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
GBPUSD: Bullish TriangleGBPUSD has formed a bullish triangular pattern. Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern. Trading strategy: Buy on cmp and add on dips , maintain the sl of 1.35700 & look for the tgt of 1.3800/ 1.3900 /1.4000
Long
by TradingSutra
GBPUSD HOURLY CHART ANALYSIS LOOK at the marked chart you will find the demand and supply zone . I'm lokking for e sell trade at the price point of near about 1.4000. BUY SIDE VIEW WILL AFTER PRICE SUSTAIN OVER 1.4200. If any rejection noticed at those marked level then sell side view is strong . . BEST THING IN MARKET YOU SHOULD NEVER ASSUME ANYTHING So look out for your level and execute as per your analysis . Hope this helps your trade to execute in coeerct direction .
Short
by daydreamer_sa