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Gbpusdlong

120 Pips profit booked on GBP/USD, more uptrend ahead?Hello traders, yesterday before the start of the London session, I published an idea on how GBP/USD could start an uptrend. As you can see, price has moved more than 130 pips to the upside since then. 📌In the hourly chart, you can see the formation of strong bullish impulse candles. The three white soldiers pattern can also be observed. 📌Price has broken through the 100 hour exponential moving average and continues to stay above it. 📌As long as the price continues to stay above the 100H EMA, there is a likelihood of further uptrend. I recommend buying the dips in GBP/USD
Long
by MarcellusLUX
3
GBPUSD I Pivot upward from weekly levelWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
9
GBPUSD Analysis: Potential Support and Trading PlanAs anticipated, the GBPUSD pair has undergone a decline, currently trading below the crucial 78.6% Fibonacci retracement level at 1.24700. Our analysis suggests the potential for a retest of the 78.6% Fibonacci level at 1.24850. Following this, we anticipate a downward move towards the 88.6% Fibonacci retracement level, coinciding with the S2 Pivot from D1 at 1.23930 and the psychological support level of 1.24. This convergence of multiple strategies and technical indicators indicates that this support level could potentially act as a formidable barrier for bearish momentum. From this pivotal support, our outlook envisions a strong upward rally towards the 1.27200 to 1.2800 levels. In accordance with our trading plan, we are considering initiating a trade near the 88.6% retracement level. To manage risk effectively, we plan to implement a stop-loss order just below the low from May 23rd, positioned at the 1.23 level. This risk management strategy aims to limit potential losses to approximately 0.8%, while targeting a potential reward of around 3-3.5%. It is crucial to emphasize that this analysis is not a trading recommendation but rather our current perspective, which may evolve as the market approaches our anticipated levels. Always prioritize prudent risk management and align your trading strategy with your individual preferences and risk tolerance.
Long
by Coder775
GBPUSD - Only short position ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a strong bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block for a potential short. Fundamental analysis: This week on Wednesday will be released Interest Rate on USD, followed by FOMC Press Conference, yearly CPI on GBP and on Thursday Interest Rate. Very important news, so pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2