Trading Ideas
GBPUSD Broke Major Support, Prepare For A Plunge
Mon, 21 May 2018 22:14:32 -0500
Sell below 1.3469. Stop loss 1.3652. Take profit at 1.3026. Reason for the trading strategy (technically): GBPUSD broke out of our support-turned-resistance at 1.3469 (horizontal overlap support, 38.2% Fibonacci retracement) where we look to sell on strength. We expect price to drop to its support at 1.3026 (horizontal swing low support, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish bias, in line with our bearish bias. RSI (55) is seeing a bearish exit in line in line with our bearish view.
GBPUSD Setup Late May / Early June
Mon, 21 May 2018 19:30:28 -0500
GBPUSD has seen a continuous downtrend with no significant pullbacks. However, it is losing downwards momentum in synchrony with USD's loss of upwards momentum. This week or early next week, GBPUSD should be expected to enter a significant retrace. Further, minor retraces in the current downtrend are aligned for harmonic Fibonacci levels, which can be used to estimate a price target. This is a risky trade, as it attempts to catch a pullback rather than enter the trend from a pullback.
GBPUSD Potential Rebound
Mon, 21 May 2018 18:59:45 -0500
After a strong bearish trend, GBPUSD may find a turning point in the upcoming days thanks to the monthly resistances coming ahead. They are significantly strong and may confirm a bounce back.
GBPUSD 4H BREAKOUT SHORT
Mon, 21 May 2018 16:12:02 -0500
Pair has broken out of range box. Sell Stop @ 1.3380 1st Take profit @ 1.3305 Price may have a bullish bounce here 2nd Take Profit @ 1.3205
Mid-term trading idea
Mon, 21 May 2018 11:20:42 -0500
On this chart i want to show that situation from my point of view. I like GBPUSD pair a lot. For now it's one of the pairs that can give you a good trade opportunity. In the circle you can see the big shades. It may be the result of huge position preparation. So for now it looks like it's going down. So, if it goes in our direction, but then suddenly stops you should quit the position.
GBP/USD by Locked-in Range Analysis
Mon, 21 May 2018 11:20:02 -0500
Locked-in Range Analysis: Preference: Long positions above support Locked-in Range. Preference: Short positions below resistance Locked-in Range. Alternative scenario: After the LR Cancellation look for opportunities for opening positions by a direction of a breakout About Locked-in Range Analysis LRA is the method of interpreting the price and volume chart to determine the direction of the prevailing volume of open positions, the imbalance of which will enlighten you to future market behavior. Locked-in Range is the trading range in which the volume of open positions accumulates, making the price change to the side where the prevailing volume of open positions will be locked at a loss, because the price will no longer allow to close in profits or break-even. Resistance LR is the locked-in range in which the volume of open buy positions prevails, and it is profitable for the market maker to quote prices below the range. Support LR is the locked-in range in which the volume of open sell positions prevails, and it is profitable for the market maker to quote prices above the range. Important Current Locked-in Range Analysis is 7 days delayed
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Mon, 21 May 2018 10:51:24 -0500
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GBPUSD- bearish move imminent
Mon, 21 May 2018 08:30:23 -0500
A retrace to the broken structure on lower time frame is happening right now. As price breaks out to the downside we can capitalise on this move.
GBPUSD falling to 1.29?
Mon, 21 May 2018 08:01:38 -0500
GBPUSD broke an uptrend and now it's the time to fall to some point. here we have a good entry point. 2 targets Set your SL above the previous high, or higher based on your capital. Good Luck
GBP/USD Bullish Butterfly Pattern
Mon, 21 May 2018 06:56:31 -0500
Well finally, a long position for GBP/USD. A bullish Butterfly Pattern has emerged on the 1 hour time frame, and with a close above 1.3425 you can enter a long trade. Although there is no real major news to be released for today beware of volatility as some European countries have a national holiday. This pattern is invalid with a close below 1.3359 (3.140 of BC) Trade 1 long (RvR ratio 2.71) Entry: Close above 1.3425 S/L: 1.3387 (2.618 ext of BC) T/P 1: 1.3476 T/P 2: 1.3528 Trade 2 long (RvR ratio 2:1) Entry: Close above 1.3569 S/L: 1.3507 T/P 3: 1.3569 As always, scale out your profits and adjust stop/loss to suit your personal risk management profile. Happy trading
CABLE'S (GBPUSD) interesting levels
Mon, 21 May 2018 04:16:32 -0500
Cable looks poised for some sort of pick-up in my opinion. Elliot-wave theory points at a 5th wave to the upside might be due, and this week is filled with UK economic data. Definitely one to watch out for.
GBP/USD broke down key level...
Mon, 21 May 2018 02:50:30 -0500
GBP/USD broke down key level 1.3458. As we see on chart price moving down with big strength. Situations are bearish. The best option for Short is wait for pull beak to key level 1.3458. Goal is 1.33011. If you want to get proper S/L and more signals just subscribe on my telegram channel: https://t.me/ForexLegion
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