GBPUSD longWedge formation in progress. . . PA might test the lows again. . .but if breaks above becomes bullish. . .either buy the breakout or from the lows of wedge
GBPUSD_LMAX trade ideas
gbpusd buy updatedTrade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 6
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
GBPUSD Long then short in NY sessionGBPUSD long in London session till blue box
then short in New York session
gbpusd long till 1.2680 and then sellers will enter#gbpusd is now at the bottom at 1.2580 and there is a chance that it can go to 1.2680 as it is forming a triangle where in buyers enter bottom and sellers at the top of trend lines.
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GBPUSD buyers remain hopeful despite latest disappointmentGBPUSD managed to confuse pair sellers last week by defending a one-month-long falling wedge bullish chart pattern despite declining in the later days. Also challenging the Cable pair’s downside is a weeklong rising support line, as well as a nearly oversold RSI (14) line. It’s worth noting, however, that the MACD still flashes the bearish signals and hence the Pound Sterling buyers need to wait for a clear upside break of the stated wedge’s top line surrounding 1.2720, as well as the 200-SMA of near 1.2755, to retake control. That said, a horizontal support-turned-resistance stretched from early August, close to 1.2620, guards the pair’s immediate recovery whereas a clear break of 200-SMA will enable the quote to challenge the yearly top marked in July around 1.3145, with a likely pause in the run-up around the 1.3000 round figure.
Meanwhile, a downside break of the immediate one-week-old rising support line surrounding 1.2580 could convince GBPUSD bears to test the falling wedge bullish formation. In doing so, the quote will poke the wedge’s bottom line of around 1.2530. Should the Cable pair sellers dominate past 1.2530, the odds of witnessing a gradual downside toward May’s bottom near 1.2300 can’t be ruled out.
Overall, GBPUSD bears run out of steam but the recovery needs validation from 1.2755, as well as this week’s key data/events.
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.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
GBPUSDFX:GBPUSD
As you can see that, GBPUSD has created a head & shoulder pattern in 1D Time frame. If it gives breakout then we can plan for sell side. This set-up is for monday (04-09-2023) Plan your trade accordingly...
Trade Idea: gbpusd
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 5
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
Possible Long in GBPUSDPound has broken above the supply zone after forming a rectangle bottoming out pattern. It sustained above the supply zone and has also rallied from there confirming the change in trend. It is now re-testing the 200 period moving average on the hourly charts with the momentum at the mean. With plenty of support and the MA being here it looks like a good entry point to ride the uptrend should it resume.
GBPUSD appears ready for further downside towards 200-SMAGBPUSD remains on the back foot while justifying a downside break of a 5.5-month-old rising support line and the 100-SMA. Also keeping the Cable bears hopeful are the bearish MACD signals. However, the nearly oversold RSI conditions suggest limited room towards the south, which in turn highlights the 200-SMA level of around 1.2400 as the key support. It’s worth noting that the 50% Fibonacci retracement of the March-July fall, close to 1.2470, acts as an immediate check of the sellers while the 61.8% Fibonacci retracement of near 1.2310, also known as the golden ratio, will challenge the sellers past 200-SMA.
On the contrary, the GBPUSD pair’s corrective bounce needs validation from the 100-SMA hurdle of 1.2645. Following that, a convergence of the 21-SMA and the previous support line from mid-March, surrounding 1.2700, appears a tough nut to crack for the Cable buyers. In a case where the Pound Sterling remains firmer past 1.2700, the gradual upside toward June’s peak of 1.2848 can’t be ruled out.
Overall, GBPUSD appears well set for further downside even if the road towards the south appears bumpy.
Complete head & shoulders pattern on GBPUSDAs per theory, a complete H&S pattern on the Gbpusd. If this work out rightfully there’s a huge percentage of RR with swing a trade.
#GBPUSD short from 1.2646#gbpusd short from 1.2646 and can retest 1.2595 before going up more. In future i.e; 2 days we can see it can even retest 1.27 or 1.2750 if it crosses 1.2646.
So be careful white taking the position.
Suggestion, Alwasys use 2HR 4HR and 1D for analysing and use 15M candle chart for entries.
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GBPUSD SHORT till 2588#GBPUSD is running ina a channel and has rejected from 2630 and it has some possibility to hit 2588 again to continue up.
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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.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
GBPUSD ANALYSIS Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 4
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
H&S FOR GBPUSD/ BRITISH POUND IS WEAK LOOK TARGETS1.GBPUSD is looking very weak on technical basis as H&S seen on charts
2.Good Opportunity For large profits
3. DaX Dollaer index too is breakout its resistance..
Position long in GBPBuy GBPUSD at cmp based on Willian's %r and alligator signal with support and resistance zone
GBPUSD 15 minHello 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.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
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.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
GBPUSD SHORTlook for a 4 hr candle close below 1.26000.
then wait for a retest and a candle confirmation to short.
GBPUSD LongGBPUSD has reached the previous support zone and seeing a bit of reaction. Hence the target for GU to be 1.27 from here. Depending on the reaction of the candle at the trendline will decide the next direction.
gbpusd sell Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
