GBPUSD possibility longDear Trader GBPUSD possibility long use stop losses entry after channel Break out only so enjoy the trade
GBPUSD trade ideas
GBPUSD possibility longDear Trader GBPUSD possibility long When you achieve 1st target exit 50% of your Trade Left 50% put On Cost To Cost When Achieve 2nd Tp Exit 25% Oy your quantity Rest 25% Use Trailing Stop Loses
GBPUSD prints bullish consolidation ahead of UK employment dataGBPUSD portrays a bullish megaphone trend widening formation as the Cable traders await the UK employment report on Tuesday. The quote’s latest rebound from the stated pattern’s bottom line allowed it to cross the weekly resistance line. However, a clear upside break of the 100-SMA and 23.6% Fibonacci retracement of the March-May upside, near 1.2525, becomes necessary for the buyer’s conviction. Following that, a fortnight-long horizontal hurdle around 1.2585 and the 1.2600 round figure may act as extra checks for the Cable buyers before directing them to the megaphone’s top line, close to the 1.2700 round figure. It should be noted that the latest multi-month peak of near 1.2680 and likely overbought RSI conditions around then may challenge the bulls ahead of the 1.2700 hurdle.
Alternatively, GBPUSD pullback remains elusive unless the quote breaks a convergence of the stated megaphone’s lower line and the previous resistance line from May 10, close to 1.2445 at the latest. Should the quote drop below the stated key support, a quick decline to the 50% Fibonacci retracement level of around 1.2340 can’t be ruled out. Additionally, the Cable pair’s weakness past 1.2340 makes it vulnerable to challenge the previous monthly low of around 1.2270.
Overall, GBPUSD is likely to grind higher but a surprise disappointment from the UK jobs report, like the last week’s BoE, can drag the quote lower.
GBPUSD possibility longdear trader gbpusd enjoy this trade with stop loss and hit the stop losses wait for the next level for a long. I will be share my idea.
GBPUSDlooking from last week the scenario seemed completely reversed , after hitting a very old resistance zone the price consolidated for a period at the top and forming a double top and rejected towards down side so lets wait for a pullback with some entry signals to enter in the trade
GBPUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading ❤️
Hustle hard ✅
GBPUSDGBPUSD is making continuous higher highs in 4H timeframe, now I"m just following SMC concept oder block here is the complete analysis to trade GBPUSD
GBPUSD struggles with key resistance on BoE “Super Thursday”After taking out the 1.2580 key resistance, GBPUSD bulls jostle with the 78.6% Fibonacci retracement of its March-September 2022 downturn, around 1.2685. That said, the RSI (14) grinds near the overbought territory and the MACD signals are sluggish too, which in turn suggests that the buyers are running out of steam on the Bank of England (BoE) inspired “Super Thursday”. Hence, the Cable buyers need a strong boost from the “Old Lady”, as the BoE is often termed informally, to cross the aforementioned Fibonacci resistance. Following that, a run-up towards the April 2022 low of near 1.2980 and the 1.3000 round figure could act as the final checks for the upside momentum targeting the late March 2022 peak of around 1.3300.
On the contrary, a daily closing below the resistance-turned-support of around 1.2580, comprising an upward-sloping trend line from August 2022, could push back the intraday buyers. Even so, the 21-day EMA level of near 1.2510 may act as an additional downside filter before pushing the GBPUSD towards the previous monthly bottom surrounding 1.2275. It’s worth noting that the 61.8% and 50.0% Fibonacci retracement levels, close to 1.2170 and 1.1820 in that order, are the final defenses of the Cable pair buyers.
Overall, GBPUSD bulls occupy the driver’s seat on the key day but the upside room appears limited.
GBPUSD 4hrs possibility shortDear Trader GBPUSD 4hrs possibility short Only Beak out Base Trade. Break Out May Be Happened M5/M15 and M30 Risk And Reward Ration 1:5 So Enjoy The Trade
GBPUSD Long GBPUSD is making continuous higher highs in 4H and 15M timeframe, now im just following trend here is the complete analysis to trade GBPUSD
GBP USD SHORT Risk 0.5%
TP1 = 1:3 RR
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SMT conceptin gbpusd there is heavy sellers enter in whole legs so we think its go bullish and recently its take sellstop liquid so we expect its final low and we go with bulls.
and in we thought about correlation so eurusd recently change sentiment bulls to bears and in gbpusd i dont see any sentiment changing periods so its all about in eurusd taking sellside liquid and in gbpusd make higher high its i expect.
GBPUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading ❤️
Hustle hard ✅
GBPUSD trading setup for next weeks and monthsGBPUSD is right now testing at weekly resistance and also been rising for last 6 weeks . It may seem for correction here at this moment with target at fib. retracement at 61.8 .
Stop loss just above the weekly resistance . You can trade accordingly with proper risk management . Also , this week we have BoE interest rate decision in view and also the GDP report on friday.
Be cautious on these days
Happy trading
