GBPUSD Swing*Disclaimer*
This is not financial advice. Forex Trading is risky. Trade at your own risk.
#Trade_Like_A_Magnate
Gu
GBPUSD - BUY OPPORTUNITYLooking to Buy GU in buy areas and to close in TP areas (+30pips)
Buy 1: TP area 1 40pips. TP area 2 90pips
Buy 2: Initial profit at 30pip. then target TP area 1 68pips and then TP area 2 117pips.
Entry Criteria:
- Looking to take this setup on signs of reversal
- Will not execute BUY if price shows clear break through of Buy Areas with strong bearish momentum
- If buy executed, will look to hold trade to price area 1.3962 (depending on price action at TP areas)
Trade Safe - Risk management is key!
If GU sticks to the trend 100% retracement zone , price could continue higher and break structure then we switch bias
GBP USD SETUPI'm looking for a good short opportunity, high reward low risk.
1:8 Risk/Reward
GU down on bigger timeframe has started on daily, 4h etc.
- Major Pullback to Liquidity Pool
- Risk about 32 pips
- Down Channel
- nothing to say much, look at the analysis
GBPUSD - SHORT POSITION (4HR)CONFLUENCES:
- Spinning top closure in 4HR
- Rejection of 71% Fib level
- Bearish market structure
- Rejection of previous support
- Fib extension lines up perfectly with 1.35 key level
GU big short positionthe head and shoulders neck line broke powerfully and the price come back to that trend line and test it but I think will come back to the down trend and will be very powerful trend. if pay attention to the head and shoulders pattern in technical analysis and other charts, its common that price come back to the broke neckline and again go to the past trend and we say it goodbye kiss!!
GU Bullish Trade IdeaBased on daily timeframe structure, we are in an overall bearish market. Right now price is in a distribution schematic. I expect a move to liquidate orders and stop losses above the last daily swing high before continuing down. Here on the hour I expect another small push up to entice buyers in the market before falling to either untouched order block from the swing move up. After the big drop price would ideally climb to a new high to form the daily UTAD before distributing and crashing down to continue the overall daily downtrend.
GBPUSD OutlookOANDA:GBPUSD
My drawing looks terrible but the move is 60% likely.
Trade conservatively.
Happy Pips
PPPDirhams
GBPUSD Bullish BreakthroughIf you like this idea, give it a like and follow me for more :)
Analysis done on the daily timeframe. If you zoom out, you can very clearly see a strong bullish trendline (bottom one). Price is currently very close to it. Over the past couple of weeks, price has been declining, creating lower lows and lower highs. This can be seen with the upper trendline. These two trendlines have created a wedge pattern, which suggests a breakthrough soon, and i believe the breakthrough will be to the upside. I've drawn out some key supply and demand (S&D) zones, as well as some key support and resistance (S&R) levels. I may enter a buy should price come down lower, but confirmation for my bullish bias would be once price comfortably breaks through the upper trendline.
Updates to follow, follow me to see them.
Trade Idea: GURly nice reversal forming on GU. We can see bigger descending chennel and a nice breakout. Dnt like the fact that price rejected this previus high but if we look structure it deffinetly did break mrh. If price comes on this strong demand zone it will form Inverted Head and Shoulders Pattern too and we know that is rlh HP reversal setup when we see inverted at the end of descending channel.
GBPUSD LONG IDEA GBPUSD has take sell side for NFP, looking for a change in direction from this order due to July tendencies. targeting the volume imbalance and equal highs.
my entry 1.37535 SL 1.37435
GU will continue the downtrendAfter reaching a profit of nearly 100pips, GU will there was a slight uptrend before continuing the downtrend
GBPUSD - PREDICTIONTechnicals:
Weekly resistance
4hr resistance
Daily support
4hr 200ema falling to 4hr res
short term bearish fib which 61.8% has held once
short term descending TL awaiting 3rd touch
Would love another pullback to key psychological level 1.40 which also has multiple confluences would also give us a Double Top off the 61.8% fib and res.
15m Technical GBPUSD Long 1:8Expectations are a rise.
Instructions - if trade flat or has not moved in the next 2 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Entry: Market
SL: 1.38975
TP: 1.40340
EURJPY - BUY OPPORTUNITYLooking to target TP Areas from Buy Zone - Strong break above TP Area 1, target TP Area 2 (30+ PIPS)
Trade at your own risk!
