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Gbpusdsignals

GBPUSD | perspective for the new weekPrice broke out of Key level @ $1.32850 to negate my previous speculation (see link below for reference purposes) to find new highs. The GBPUSD had a negative start to the trading session on Friday, doing a correction into the $1.34800 level. I am seeing this level as a temporary Demand zone that might be a good sign that an uptrend continuation is in the air! Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand Observation: i. Breakout of $1.34500 on Wednesday followed by a retest of this level points at a rally in the following week(s). ii. As my expectations of a rally grows, patience is hereby required at this juncture as it is possible that price is still going through a corrective phase which might settle further into major Demand level @ $1.33500/1.33000. iii. In this regard, the Bullish trendline shall be my yardstick for entry in the coming week as a Breakdown of this line shall put all buying intentions on hold for an appropriate window to go long. Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:5 Potential Duration: 2 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1
GBPUSD BUY ON DIPS !!!As we can see this pair had a successful breakout on daily based resistance which now hold as a support as we had predict in our previous analysis which is on weekly based now we are buying this pair from key level support with small risk and looking for higher rewards Traders dont forget the Brexit Deal is still holding for a hope if this support zone is most import idea to trade GBPUSD it will be highly violent pair incoming day so use proper money managment and if it hold above the support zone then it can pay us great rewards Friends dont forget to push like and subscribe Follow us for more updates
Long
by APEX_TRADING_ACADMEY
GBPUSD | Perspective for the new weekWith over 500pips in our direction since my last publication (see link below) on this pair; The British pound has gotten hit pretty hard during the last couple of weeks after an optimistic rise topped $1.35400 early in the month. With the growing fears that Brexit talks could collapse, I am anticipating the risk of decline in price in the coming week(s). Tendency: Downtrend ( Bearish ) Structure: Reversal pattern | Breakdown | Supply & Demand Observation: i. The last couple of weeks witnessed a price going through Lower Lows which culminated in a Breakdown of Neckline @ $1.32850 last week. ii. The Breakdown/Breakout of Key level @ $1.32850 has served as a determinant of the prevailing direction of price action since on the 10th of Nov. 2020. iii. I have noticed that for every Breakdown/Breakout of this level in the past saw price maintained above/below Key level for a couple of weeks. iv. Looking forward to a possible correction into Key level in the coming week. Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:4 Potential Duration: 2 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPUSD | PERSPECTIVE FOR THE NEW WEEKPrice moved 130pips in our direction before rejecting our previous key level ($1.28700) followed by an engulfing Bullish run in the later part of the week to negate previous bias (see link below for detailed reference purposes). Following the EU Summit on Thursday and Friday (a critical moment to reach a Brexit deal ), the Pound turned around during the week to show signs of strength as both Brexit talks and the US fiscal stimulus situation incited a dominating trend for the Cable, with high tendency of pushing the pair higher in the following week(s) as selloffs continue for the Greenback. Tendency: Uptrend (Bullish) Structure: Reversal pattern (Inverse Head and Shoulder)| Breakout expectations Observation: i. Since the fall of price action from the beginning of the month, price found a reversal structure with bullish momentum accumulating to fulfill neckline Breakout. ii. Key level @ $1.30000 remains a major Resistance with a strong indication that it will be broken and retested to make a new Support in the coming week. iii. Our Inverse H & S structure points at a completion of a full trend reversal pattern with engulfing candle Breaking out of Neckline in the latter part of last week. iv. Looking forward to Neckline Breakout and Retest. Trading plan: BUY confirmation with a minimum potential profit of 500 pips. Risk/Reward: 1:3 Potential Duration: 5 to 12 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPUSD | PERSPECTIVE FOR THE NEW WEEKWith over 250pips in our direction since my last publication on this pair (see link below for reference purposes); Price experienced a Correction phase to climb back to our previous Key level @ $1.3000. Since the termination of the Impulse leg that began this month, the price has been moving sideways between $1.27000 and $1.30000. The optimism on Brexit coupled with pessimism on fiscal talks appears to be the major factor that will move/drive the GBP/USD in the following week(s). Volatility is looming on this one! Tendency: Downtrend ( Bearish ) Structure: Breakdown | Channel | Supply & Demand Observation: i. Price has been on a downward spiral since the beginning of the month (October 2020) to find a Flat channel between $1.27000 and $1.30000. ii. Price is currently at an area that has a memory of Selling action as it hovers around the Supply zone. iii. My bias is looking forward to a Breakdown of this Channel in the future but before then I shall target the Demand zone for the first phase of profits. iv. However, a significant Breakout of $1.30500 shall render this setup invalid for the meantime. Trading plan: SELL confirmation with a minimum potential profit of 220 pips. Risk/Reward: 1:4 Potential Duration: 1 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
GBPUSD | PERSPECTIVE FOR THE NEW WEEKWith over 350pips in our direction since my last publication (see link below for reference purposes), we continue to experience tendencies for a decline in the coming week(s) as UK Prime Minister Boris Johnson agreed to compromise on the controversial Brexit bill. Tendency: Downtrend ( Bearish ) Structure: Trendline | Breakdown | Support & Resistance Observation: i. The last couple of weeks saw price break down major levels @ 1.31500 and 1.30000 followed by a retest of my key level last week. ii. I shall be looking forward to touching /Breakdown of Bullish Trendline (Day chart). Trading plan: SELL confirmation with a minimum potential profit of 450 pips. Risk/Reward: 1:3 Potential Duration: 4 to 8 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
3
GBPUSD | PERSPECTIVE FOR THE WEEKWith over 100pips against us since my last publication (see link below for reference purposes); The increasing risk of a No-Deal Brexit is beginning to reflect in market structure as momentum remains to the downside which is also aligning with my last week expectations. Breakdown of my Key level @ 1.33000 on Friday with an Engulfing Bearish candle sets the Pound for its first weekly loss in a month with a risk of further decline in the coming week(s) as I look forward to a retest of this zone. Tendency: Downtrend ( Bearish ) Structure: Trendline | Breakdown | Support & Resistance Observation: i. From a holistic perspective, the GBPUSD is sitting on an uptrend prevailing structure considering Bullish Trendline on our Daily chart. ii. Since the price hit peak @ 1.35000 (a psychological level respected since Nov. 2017), we have experienced a downward spiral since the beginning of the month (Sept. 2020). iii. Breakdown of my Key level coupled with a breakdown of the Temporary trendline (1.32000) is a confluence that could signal a decline in the coming week(s). Trading plan: SELL confirmation with a minimum potential profit of 600 pips. Risk/Reward: 1:6 Potential Duration: 4 to 10days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPUSD | MY PERSPECTIVE FOR THE WEEKWith over 500pips in our direction since my last publication (see link below for reference purposes) on this pair, we continue to trade back and forth in a range which appears to be forming a Reversal structure. Tendency: Downtrend ( Bearish ) Structure: Wedge | Supply & Demand | Reversal pattern Observation: i. The appearance of a rising wedge after price hits peak @ 1.31500 at this juncture in the market is suggesting a possible reversal in the nearest future. ii. Wedge Breakdown in the following week(s) is a signal to look out for entry options. iii. It is worthy to note here that, my Demand zone is an area to be aware of this week for any Engulfing Bullish candle that might suggest an uptrend continuation. Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:3 Potential Duration: 2 to 6 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry