GBPUSD Further Move Down... Or Up?Analysis done on the weekly/daily timeframe.
So, first things first: GU is on long-term uptrend, as are the other GBP pairs. Our economy is recovering.
I've drawn a trendline from the weekly TF and price could very well come down to it. There's a chance price will go down to the lower S&D zone if it were to break and hold below 1.38000. However, there are fundamentals coming out this week which are predicted to be positive for GBP so we very well might see a move to the upside.
I see price moving down before this happens but i'll be positioning myself for a long.
Updates to follow, follow me to see them.
Gu
GBPUSD 13/06/2021 - WEEKLY FORECAST TF 2HHello Traders!
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the eye signs.
Heart in the box - a place to take profits
Eye sign - spot to jump in, or watch
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool.
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gbpusd SELL / SHORTwe are coming to a sell opportunity if the fib doesnt extend down any further...
its a retest of the broken trend line, a retest of yesterdays lows, the 50% fib retrace, which GU favors. also the 14 /100 / 28 / 50 EMA's all bunching up there too.
take partials along the way and set SL to BE once in profit.
GBPUSD 7/06/2021 - WEEKLY FORECAST TF 2HHello Traders!
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the eye signs.
Heart in the box - a place to take profits
Eye sign - spot to jump in, or watch
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy.
Like it if it was helpful to you. We appreciate the likes and comments.
Provided feedback helps us with the future service. Got questions? Feel free to DM us!
Thank you for your attention,
GOD BLESS U ALL!
GBPUSD PROBABLE BUY SETUP GBPUSD has been in a bullish trend on the 4H recently, visible by the direction of the trend-line marked out.
Significant HH and HL points have been marked out beautifully following the structure of the market. Now on a breathing spree,
traders are battling themselves on what direction market is going to take at this juncture.
Nevertheless, presented on the chart is my opinion of how I see the market playing out...
A PROBABLE BUY SETUP ON GU COMING IN.
MY JOB IS TO HAVE PATIENCE AND HAVE THE MARKET PLAY OUT UNTIL IT REACHES MY ZONE
WHERE I LAY WAIT TO TRIGGER THE SNIPER SHOT TO 1.4250 OR BEYOND.
GBPUSDAs I said in the last weeks ... If we make a parallel between the chart on a week and one month because the month of May closes ...we can see as in both they are at the end of W and expect an imminent descent!
if the month of May closes below 1.41800 I will look for SELL for at least 500 pips! if not ... I will wait for a new climb to the 1.43500 area after which ... DOWN AGAIN 700-1000 pips!
You can see that on the 1 week chart, the bands formed in circles have exactly the same configuration!
THIS WEEK...as I said last week UG started the descent but has not yet left the critical area! I will wait until the beginning of the week to see if Friday's massive withdrawal was just the NFP effect or will it continue to climb ... but for now I will start looking for SELL for 700-1000 pips as I said!
However ... a close even for 1 day over 42300 will force me to think of BUY another 100-150 pips and then ... DOWN AGAIN
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*This information is not a Financial Advice.
GBP/USD, a drop is highly possibleAs it can be inferred from the chart, the price is forming a top at the area of resistance and preparing to start dropping. We will be looking forward to open short positions around the zone marked on the chart and aim for the 1.4 level of support.
Feel free to drop your ideas and opinions in the comment section below, family!