GBPJPY: Classic Bullish Setup Explained 🇬🇧🇯🇵
GBPJPY reached a solid horizontal support yesterday.
The price formed the inside bar formation on that.
Its range was successfully broken to the upside, and the 4H candle closed above that.
It will most likely push the pair higher.
Goals will be 164.6 / 165.78
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Pound
GBPJPY Long IdeaI want to see price take out yesterdays lows; to collect liquidity (black shaded box)
Correlating with market structure I want to see price reject the 15 minute order block (greenish box) and push into the FVG (target1).
I see this happening due to the amount of bullish price action within the last day. I believe that this market is trying to entice sell trades, even though market structure hasn't been broken. Thus the long trade being the better move in my opinion.
The risk to reward for this trade is minimum 1:3, however if I see a quick move I will be holding the trade further (on the chart its a 1:4)
I only risk 1% maximum per trade.
Please comment below your thoughts and ideas.
GBP-USD Will Keep Growing Towards Resistance! Buy!
Hello,Traders!
GBP-USD will keep
Growing us the pair broke
The 1.24 resistance which
Paired with the uptrend means
That the pair is most likely
To go further up to retest
The resistance level of 1.269 above
Buy!
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✅GBP_USD BULLISH BREAKOUT OF THE RESISTANCE|LONG🚀
✅GBP_USD is trading in an
Uptrend and the pair broke
The resistance level of 1.245
So the bullish bias is now
Reinforced and I think that
After the pullback and retest
We will see bullish continuation
LONG🚀
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ArmanShabanTrading |🔴 GBP/USD : Bear ?The possible scenarioes of Pound/Dollar is indicated on the chart, pay special attention to the supply and demand levels indicated on the chart!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.03.2023
⚠️(DYOR)
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GBPCAD 2th April This setup is based off of our larger swing setup for a possible BUY move, but we have a short term bearish order flow so we are following that for now, if we see price tapping in and dropping we will expect it to reach the lower areas of demand that you can see located at our lower swing low... it is from this stage iam looing for a possible shift to a bullish order flow so il be watching these zones in the coming sessions!
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
GBPUSD short to $1.17From looking at bigger TF's, you can see overall that GBPUSD is currently going through a corrective phase. Price peaked in December 2022 & since then price has been ranging.
Selling Confluences:
🚫Failure to Take Out Last Daily High.
🚫Buying Momentum Slowed Down.
🚫Strong Bearish Rejection of January OB.
🚫3 Sub-Wave (A,B,C) Correction Still Not Complete.
GBPUSD: Your Detailed Trading Plan For Next Week 🇬🇧🇺🇸
GBPUSD is approaching a key daily structure resistance.
The price is currently stuck with a rising wedge pattern.
To catch a bearish move from that, watch a reaction of the price to the support of the wedge.
If the price breaks and closes below that on a daily, a bearish move will be expected
at least to 1.225.
Alternatively, a bullish breakout of the underlined resistance will push the price much higher.
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✅GBP_CHF RISKY LONG AFTER WEDGE BREAKOUT🚀
✅GBP_CHF is trading in a
Local uptrend and the pair
Broke out of the narrowing
Bullish wedge pattern which
Suggests that with high
Probability the pair is likely
To go further up towards the
Target around 1.13 area
LONG🚀
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✅GBP_CAD SHORT FROM RESISTANCE CLUSTER|SHORT🔥
✅GBP_CAD has reached a
Cluster of the falling and
Horizontal resistance levels
So despite the strong bullish
Momentum of the pair
It seems that before the
Bullish breakout we might
See some correction
From the cluster above
SHORT🔥
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GBPUSD: short if Neckline is BrokenThe GBP/USD has broken the weekly downtrend but faced support at the 1.215 level, which is also the 23.60 Fibonacci level. I expect the price to retest the previous resistance level around 1.228 to form a head and shoulders pattern before reversing down to attempt to break the neckline at 1.220. This would be a signal to enter a bearish trade with a target of at least 1.214.
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