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Gbpusdlongsetup

GBPUSD NEXT SESSION IDEAS (Long)Ok so gbp was acting up today not gonna lie, but thats ok ,we gonna make our pips regardless. My idea is more on the long side although i have a set up for either side; heres why: ] - Had a massive push upwards this morning - Price is being supported at the lower level i have marked - Price has been stubborn to go down today, yet when it moves up it shoots up - MACD and Stochiastics are nearing confirmation zones if not hit already (crossover on MACD lower level, and Stochiastic in oversold conditions down below. I would like to see price bounce from that bottom level to the target i have place above, however if price breaks this support, we can safely assume the move will only continue downwards since we are at relatively high price for this short term period
Long
by fastboiijd
GBP/USD Started new up trend.Currently, GBP/USD is trading at 1.2985. The pair is trading in a resistance and support channel from some time and now broke a small resistance level at 1.2939 to start a new uptrend. It has rebounded after touching the support level and started a new uptrend. Soon pair will touch the first resistance level at 1.3017 and if it breaks that level, then it can touch the second resistance level at 1.3160. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
GBP/USD Pair Still Bullish Above 1.2900the assist at 1.2848 surviving being examined was a bullish signal, so I used to be ready to take a bullish bias right here right this moment if we acquired an hourly shut above the latest swing excessive at 1.2904. This was an OK and barely worthwhile name, as on the time of writing, the value is about 12 pips increased than that entry value given after the primary hourly shut yesterday above 1.2900. The resurgence within the USD that we noticed seems to be a pure and comparatively small retracement throughout the longer-term bullish pattern, which survives, with the British Pound arguably barely technically stronger than the Euro. The value appears to be like set to advance, however, we now have the very main FOMC assertion and rate of interest launch due late in right this moment’s New York session which might produce unpredictable value motion, particularly on this foreign money pair. I feel if you wish to commerce this pair right this moment you must scalp bullish breakouts within the lengthy course. Swing and place merchants would possibly do higher to attend till after the FOMC, though the percentages are nonetheless in favour of stronger bullish than bearish value motion. Concerning the USD, there might be a launch of Pending Houses Gross sales knowledge at 3 pm London time, adopted by the FOMC Assertion and Federal Funds Fee at 7 pm then the standard press convention half an hour later. There may be nothing of excessive significance due in regards to the GBP.
Short
by forexinworld
GBPUSD: Bullish Trade Idea to target 1.2850 GBPUSD bullish scenario is supported by the following factors: 1. It's moving perfectly in the ascending channel. 2. Hidden bullish divergence formed on MACD for the continuation upwards. 3. Break out of the most recent falling trend line within the bullish channel. 4. The next target of 1.2850 is derived from the confluence of Fibo Extn's on the prior impulsive moves. Enter your trades once the lower timeframes get aligned with the daily setup. GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
Long
by moneytize
GBP/USD Technical Analysis.Currently, GBP/USD is trading at 1.2367. The pair may start a new up trend if it breaks the resistance level at 1.7825. Previously, the pair was trading in a down trend and after touching the support level, started consolidating in the resistance and support levels. The pair may start a new up trend if it breaks the resistance level, then its first target price will be at 1.2659 and the second target price will be at 1.2816. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
GBP/USD Buy Setup at the Frankfurt OpenTime Frame : M15 Conditions it must meet: At the Frankfurt open check that Price created a sideways boxed tight range the m15 chart. Price did not retrace more than 38%. Preferably stayed sideways as shown in the picture on the m15 chart to the left Look for a breakout long. Tight SL 2 R target. What violates the signal? If price created a deeper pullback Wave 4 down. or price continued to go up without creating a range during Asian session. then it's void.
Long
by iTradeAIMS