GBPUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gbpusd_forecast
GBP/USD Long Entry UpdateHey Guys!
As you guys know the current weekly bias is long. Or in other words, price is likely to reach 1.3750 before reaching 1.3163.
In this video I explain the current set ups I'm looking at for this long entry, as well as what has been happening on this pair for the last couple of weeks.
That's it! I'll keep you guys updated!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 2 Uptrend in green color (LONG TERM AND INTERNAL TRENDS)
We have 1 Downtrend in red color (LONG TERM)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
Yellow Levels are levels from my past ideas published or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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GBP/USD Long Entry UpdateHey Guys!
I'm still waiting for a pullback to 1.3313 and perhaps even further with the stop loss at 1.3163 and the main target at 1.3748 for a Long Entry.
On the last post I mentioned that if price reaches the 4h trendline break back in pivot low, I can expect some short strength.
However, at the next pivot low a " 1M v-shape recovery" formed and price regained its long strength.
I'll publish again when the next possible set up that shows short strength appears.
Lets see what happens! Fingers crossed!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 2 Uptrend in green color (LONG TERM AND INTERNAL TRENDS)
We have 2 Downtrend in red color (LONG TERM AND INTERNAL TRENDS)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
Yellow Levels are levels from my past ideas published or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
GBP/USD Long Entry UpdateHey Guys!
I'm still waiting for a pullback to 1.3313 and perhaps even further with the stop loss at 1.3163 and the main target at 1.3748 for a Long Entry.
Like I mentioned in my previous post, there were no signs of long strength on the price rise up on the left side of the chart, thus as expected, we got a small pullback down. (Remember! Just because price goes up, it doesn't mean there
is long strength in the market) .
Moreover, there were 2 areas in recent price shown on the chart that created extreme short strength, so although price rose, there's still a little bit of short strength left in the pair for the time being. (Great! I want that pullback to 1.3313!)
At the current moment, in order to confirm more short strength, I want price to reach the 4h pivot low shown on the chart. With the idea being, if the upward trendline break out and immediate break back, which shows long strength
can be stopped out at the pivot low, that will tell me short strength was able to override that long strength = extreme short term short strength.
So this week I'll just be watching if that 4h pivot low is reached so we can get a pullback down to the entry level at 1.3313. Ok! That's it!
I'll keep you guys updated!
Have a great week!
Ken
Disclaimer: This is not Personal Financial Advice.
GBPUSD: Bailey Supply Wipe 🎯Looking at this pair from the daily we can clearly mark our LH's & LL's confirming the overall bearish trend.
Although price is suggesting signs of wanting a break away from this trendline holding it together, we must remember that price is still in selling territory until the LH marked is clearly broken.
If we bring this mindset to the 4H we can begin to look for our sell entry points.
Price seems to have 'broken out' of this trendline but the bulls are losing momentum.
LTF's are shifting causing BOS and new order flow.
If price is to continue bearish, I would like to see this most recent OB to hold so we can join sellers.
Trades and updates to follow from this idea.
WE NEVER SET ORDERS WITH NEWS AROUND THE CORNER, WAIT FOR NEWS AND REACT.
GBP/USD BUY TO SUPPORT AREA
Hello Traders, here is the full 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. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
GBPUSDwait till it gt trigger .It is important to wait to get trade to get trigger. to get this right you be aware of the spread sizes of the your broker.after you are trigger it is important to manage the trades. One of the common mistakes traders do is leaving the the trades as it is . moving stop loss to break even then some percentage of profit base on structure level can help not to loose the trades.
lets enjoy the ride the analysis is out from different time frames . pure technical analysis. news may effect on the trades
GBPUSDThe British pound rallied rather significantly on Tuesday to continue the massive move to the upside. That being said, the market is likely to continue seeing upward pressure on pullbacks, but longer term we are probably going to continue to see more of a focus on central bank policy. It should be noted that Friday features not only the Bank of England and interest rate decision, but it also features the jobs number coming out of the United States. With this being the case, it is likely that we will continue to see a lot of guessing as to where we go next.
The 1.35 level causes a certain amount of interest, as it had been resistance previously. However, as we have seen this market close towards the top of the range for the session, it certainly looks as if we have a little bit of wherewithal by the bullish traders out there. The market will continue to hear a lot of noise here, because there is a lot of fear out there. Whether or not we can continue to hang on to this type of positivity is a different question altogether, but I do think that ultimately, we will have to make a bigger decision.
The central bank decision on Friday is going to be a major driver as to where we go next, as the attitude of the central bank could work against the value of the British pound if they suddenly suggest that they are not going to be extraordinarily hawkish. They are expected to raise interest rates by 25 basis points, but a failure to do so could have the markets freaking out as well. A lot of what will happen is probably going to be based upon the idea of whether or not the Bank of England is ready to raise interest rates consecutively, or if they are going to become “data dependent.”
To the downside, if we were to take out the candlestick from the trading session on Tuesday, that would be an extraordinarily bearish sign, and probably have British pound traders running for the hills. Having said that though, it certainly looks as if the market thinks that the Bank of England could surprise with hawkish behavior.
GBP/USD Long Trade UpdateHey Guys!
There was actually a new weekly short trade that formed this week, so the weekly bias remains long however, the target has changed to 1.3750. Moreover the Entry level at 1.3313 and the Stop loss at 1.3163 does not change.
Furthermore, we got some waning of short term short strength with the Break Out of a downward 1H trendline and no immediate break back in.
So for the time being, I'll still be watching for some short term short strength to kick back in. So I can get a pullback to the long entry point at 1.3313.
Have a great day guys!
Ken
Disclaimer: This is not Personal Financial Advice.
GBPUSD, Further Crash or Ready to Take Off?Hi, Let's take a look at GBPUSD
1/2
Sterling Has broken and Retested Rising Wedge
W & D candle closed above 1.34 strong support
zone indicating no further Bearish momentum.
However, FOMC interest rates make Dollar's
recovery and we might be able to see some strong
movements in upcoming months also.
2/2
After breakout, GU seems to be retesting
inside Rising Wedge .
GU retested at 1.34 but further decline is
expected.
If M candle closes above 1.34 zone then
there's possibility of Bullish Momentum.
Don't forget about OMIICRON'S manipulations.
We might see some crashes same like COVID 19.
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 2 Downtrend in red color (LONG TERM AND 2 INTERNAL TRENDS)
We have 1 Internal uptrend in green
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
Yellow Levels are levels from the past that were respected some are from my last publication.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
GBPUSD HIT 0.34000 SUCCESSFULLYDay trading is one of the greatest aspect of trading, it gives so much peace of mind instead of scalping, this is knowledge is not free it comes with paying attention and having a coach, had 5 different coaches over the past years and i can say i am grateful i did not assume i can have all the knowledge by my self or gain anything worthwhile from watching free youtube videos..
Continuous practice has led me to bagging everyday with over 5 analysis used to breakdown every pair i come accross..
its been a great journey with GBPUSD for over years she has been good to me and my team..
Another position was dropped last week, and here is the result.
we are currently approaching final target.
another successful week smashed.. forever stuckinprofit.
GBP/USD Long Trade UpdateHey Guys!
The mid-road long entry did not set up yesterday...So I'll still be waiting for a pullback to 1.3313 and perhaps even further with the stop loss at 1.3163 and the main target at 1.3833.
Moreover, since the fake 1H double bottom confirmed short term short strength, I'll still be expecting a pullback to my long entry level at 1.3313.
I explain some possible intraday long set ups that formed on this move up also in the video! Check it out!
I'll Keep you Guys Updated!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.