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Gbpusdidea

GBP/USD Getting ready for a 250+pips moveTo understand what is happening in price we need to do a top down analysis starting from the monthly time frame. Also it is important to look at what the dollar is doing. Monthly: The price is sitting in an important demand zone that has being rejected twice. Also the dollar is strong and has surpassed the supply zone. This scenario could mean that the Dollar could be taking liquidity. Weekly: The price has created a double bottom and the price is also over extended. Also there is an M formation , we could expect the price to make a retracement to the neckline to complete the pattern. If we take the fibo from high to low the .618 is in confluence with the neckline. Daily: The price is accumulating and over extended. This is a clear sign that the price is getting ready to make the move to the upside.
Long
by Wiiso
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBP is on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be DOWN due to MARKET RISK OFF. It affects the POUND greatly. GBPUSD may be slightly UP after this DOWN. - Definitely, GBPUSD can go up to the high RESISTANCE LEVEL. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. But GBPUSD can go up to 1.1854 LEVEL. And after that the market can go DOWN, GBPUSD can SELL to the 1.1500 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it.
by benny_marshall
Likelihood of GBP/USD reaching 1.1900 on US Dollar weaknessSudden US dollar strength on this week's market open has led to a sharp decline in GBP/USD. However, the decline seems to have come to an end now as prices are consolidating. If the 1.1650 level holds, there is a chance for GBP/USD to reach 1.1740, 1.18 and 1.19 eventually over the next couple of days. Please note that GBP/USD is still weak price may drop below 1.15 if US dollar strength persisists. So, bullls must be careful before going long. Personally, I went long in GBP/USD@1.1654 with a small lot size.
by YourLazyTrader
8
GBP/USD potential double bottom, price may riseThe value of GBP/USD has fallen steadily over the past few trading sessions. However, the downtrend may come to an end soon and we may say a recovery in price. A potential double bottom at 1.1770 level might give GBP/USD bulls the much-needed impetus to take the price upwards towards 1.23 level. It seems that a lot of retail traders are long in GBP/USD. However, my recommendation is to buy GBP/USD between 1.1760-1.810 with SL below 1.1720 and TP at 1.23 . Traders must approach such anticipatory trades with partial lot strategy.
by YourLazyTrader
Sterling bull setupHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:GBPUSD We can see a market break its strong support in D1. but weekly candle is running and FED and GBP rates are ahead tomorrow. So we are expecting a strong rise near support. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
Long
by Theranasaramd