$GBPUSD - Potential buy setupHello everyone!
GBPUSD is back in the channel, though as before remains close to the dynamic resistance.
The pair formed a rectangle pattern and I'm bullish on GBP above the 1.33992
Sterling
GBPUSD Price ForecastWait for breakdown on GBPUSD and sell
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EURGBP Trade Set UpWait for the breakout and buy EURGBP
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GBP/USD Is At a Difficult Position - Here is How to Trade it.After a fantastic trade set-up for GBP/USD on my previous idea where we saw that indeed the confluence between the support zone and the trendline caused the price to go up, we are now at a difficult situation.
If you were long already a great place to exit could be directly underneath the horizontal resistance. However, if you're not in the trade at the moment this is not a good moment to buy. Instead, I suggest waiting until the price reaches the resistance and go short there for a better risk-reward on your trade.
For the take profit position, you can see that I deviate from my normal suggestion. Instead of taking profit at the horizontal level, I decided to be more conservative here and suggest holding to the trendline only. The reason for this is that the ascending trendline indicates a bullish trend overall, and therefore I feel waiting until the horizontal support would be too optimistic and risky.
- Trading-Guru
GJ LONG - Target 145.668Long Term Target 145.668
I will be adding more positions as the market structures the move.
GL
GBPUSD Price ForecastSell trade for GBPUSD
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GBP/NZD NICE SET UPThis looks like a beautiful set up with rvi and price action blending perfectly price rising to a neckline and ema 89, looks very good to short on weakness. price has been consolidating under the neckline and looks ready to drop,
LOVELY SET UP!This looks like a beautiful set up with rvi and price action blending perfectly price rising to a neckline and ema 89, looks very good to short on weakness. price has been consolidating under the neckline and looks ready to drop,
EUR/JPY BULLISHIm long the euro/yen on daily timeframe and now price on 15m chart has presented a good entry signal bouncing of uk pivot point. long to a higher high. the dollar is falling and eur/usd is highly correlated to dragon, so euro/usd climbing signals bullish interest in euro/yen all be it a bit weaker.
GBP/AUD looks set to continue downPound struggling with fundamentals. price looks ready to collapse from these levels.
GBPUSD US ELECTIONS SELL LIMIT!!!!!!!!!the Pair traded in a range the last couple weeks, however the pattern shows that the upside momentum is still corrective for a
downtrend continuation. 7-9-11 swings are related to A,B,C corrective phases in Elliott Wave Theory.
tomorrow is the US ELECTIONS results so we will definitely expect high volatility trading, thats why i prefer to put pending orders ( sell limit ) orders near 1.3270 level
to short the pair and probably target 1.2390 the monthly engulfing pattern target.
Good luck
GBP/AUD 30M SHORTI have the daily chart ready to sell off, so right now on the 30m we have had this little rally, i am looking to short from this extension.
xauusd GOLD buysI am risking around 50 pips to buy gold for a nice retracement and pullback back into 1900 and 1920 and 1930 with potential targets!
GBP/AUD bears are strongRVI Bearish cross and sterling looking weak into next week, could be time to short after last weeks rally of sorts as price enters supply area and good defensive bearish battleground before show the start of bearish breakdown on daily.
GBP/AUD bears are strongRVI Bearish cross and sterling looking weak into next week, could be time to short after last weeks rally of sorts as price enters supply area and good defensive bearish battleground before show the start of bearish breakdown on daily.
EUR/GBPWE look to have broken bullish out of a descending wedge, on top of this we have the rvi bullish cross on daily chart, as this classes as consolidation look for bullish breakout.
SIMPLE FTSE 1Ha very simple trade to short ftse 100 down on hourly timeframe, overall trend is slightly down on daily. 1h is now facing resistance. so im gunna short it downwards towards target. if ftse continues down expect a stronger GBP.
gbp/usd buywith the 4h swing low being in, I have been looking for 1h weakness to start accumulating a long position, the hourly chart is now in this zone for me and as such i will take a long position with stop below the 1h low and hold it on 4h chart till we have the start of a distribution. as you can see we have an indicator relative vigor index buy signal. i remain bullish on the pair until proven otherwise.
Pound fell sharp as BoE Gov Bailey not seeing V shaped recoveryThe Bank of England asked banks on 12th October on how ready they are for zero or negative interest rates, following up its announcement last month that it was considering how to take rates below zero if necessary. The BOE set a deadline of Nov. 12 a week after its next monetary policy announcement for banks to respond. Money Markets are expecting BOE's next move to be an increase in the 745 billion Pound bond buying program in November.
Technically, GBPUSD came out fom upward rising channel in 4hr with a break of channel support at 1.2960 or 50ma heading towards 1.2845-50 Oct 10th low. A break upside 50ma again can rise towards 1.2980 or 200ma and 1.3082 Oct 12th high. As we see a small retrace to the todays pivot point at 1.2955-60 would be a selling zone freshly for downside said targets. Overall sell on rise is advised for the day.
Suggestion: SELL GBPUSD FROM 1.2950-60 SL ABV 1.3030 TGT 1.2880/2830
ELSE
BUY GBPUSD FROM 1.3030 FOR 1.3120 WITH SL BELOW 1.2950
