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Gbpusdidea

GBP/USD. Short-term recommendation - short.The GBP/USD, bounced from the low of 1.21552, reached a significant level around 1.26400. There is a rising wedge pattern, accompanied by a divergence of the MACD indicator is observed on the H4 chart. Our trading strategy indicators also show "weariness" of buyers. We expect the GBP to fall in the next few days and the working out of the wedge figure. How to trade. Sell GBP/USD in short with limit orders in the range of 1.26650-1.26700. Target ranges for closing trades: 1,24100-1,24200; 1,23350-1,23550; 1,21500-1,21600.
Short
by ForbesRatingN1
280 pips profit hit in GBPUSD. Possible buy entry near 1.2150?Dear traders, in my last GBP/USD idea, I gave you a signal to sell GBP/USD@1.2570 (previous idea is pasted below for your reference). If you followed my signal then you have certainly earned 280 pips worth of profit. Currently, I believe GBP/USD will continue the downtrend for another 100-120 pips. However, I will not enter into any fresh sell trades as of now. I will be waiting to see the price action in the 1.2160 area. If bullish price action is found in the support level that I have highlighted in my chart, I would recommend buying GBPUSD@1.2160 with SL below 1.21 and TP at 1.25
by KaltoireCapital
7
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Uptrend in green color (LONG TERM) We have 1 Downtrend in red color (LONG TERM) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Yellow Levels are levels from my past ideas published or levels that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBP/USD price action appears to be weak, trade with cautionAfter hitting the lows at mid-1.21 levels, GBP/USD made a decent recovery. However, the recovery appears to have run out of steam now. Price action over the last few days has been weak and currently, GBP/USD has edged lower below the 100 period EMA on the 4hour chart. So, bulls need to be careful here. There is a chance that GBP/USD may visit the recent lows once again. If bearish price action persists, I would recommend traders to short GBP/USD@1.2570 with SL above 1.2650 and TP at 1.22
by KaltoireCapital
5
GBPUSD gonna pullbackGU try to pullback at 1.276xx than continue bearish pattern! Remember, there is no place for luck in trading - only your trading strategy! This analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions. For best result in trading follow these rules for best result! 1. WHAT IS THE OVERALL TREND? PRICE ACTION WILL GIVE YOU CLUE! 2. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 3. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 5. AND MUST CHECK THE DIVERGENCE.
Long
by mahfuzazim_TA