Forex Blog |  GBP/USD

GBP/USD | Long | H4 Timeframe: H4 Analysis Method: vol/wav Analysis: W pattern after several bearish impulsive waves. Buying opportunity on breakout of top of the W. Volume is slowly rising for the upside bars, indicating a potential reversal. Month is ending, so smart money

GBP/USD | Short | M30 Timeframe: M30 Analysis Method: vol/wav Analysis: The volume sees a big surge with a widespread down bar. The pair has mild support at 1.1648. If broken, sell the pair and aim for 1.1600. Trade Plan: sell on breakout Risk Management:

GBP/USD | Short | H4 Timeframe: H4 Analysis Method: vol/wav Analysis: The weak recovery attempt strongly overshadowed by the recent 4-hour bar. Breaking below the 1.1780 calls for a short sell position here. Trade Plan: sell now Risk Management: 1% Things To Watch For: 1.1700

GBP/USD | Short | H4 Timeframe: H4 Analysis Method: vol/wav Analysis: As long as the price remains below 1.2300, it is likely to revisit the 1.2050 level. The final up wave halted at 1.2300 and forming an M pattern, confirming a bearish price action. Volume

GBP/USD | Long | H1 Timeframe: H1 Analysis Method: price action Analysis: Look for a bullish flag breakout. Enter on breakout. Trade Plan: buy on breakout Risk Management: 1% Things To Watch For: upper band of flag for reversal/breakout

GBP/USD | Long | H4 Timeframe: H4 Analysis Method: vol/wav Analysis: The price of the pair has slipped below the yearly lows of 1.1930. However, the pair has done 183% adr today. Afte a strong bearish momentum, we can expect support around 1.1900 for a

GBP/USD | Short | H4 Timeframe: H4 Analysis Method: vol/wav Analysis: look for breakout of the support with a high volume. At current level, price can bounce up for a while but most likely to fall further. Trade Plan: sell on breakout Risk Management: 1%

GBP/USD | Long | H4 Timeframe: H4 Analysis Method: volume/wave Analysis: Wait for the price to hit the orderblock at 1.2450. Trade Plan: pending buy order Risk Management: 1% Things To Watch For: 1.2600 and 1.2450

GBP/USD | Short | H4 Timeframe: H4 Analysis Method: price action Analysis: look for a triangle breakout and enter the sell Trade Plan: sell on breakout Risk Management: 1% Things To Watch For: triangle

GBP/USD | Long | H4 Timeframe: H4 Analysis: After a long time that the pound showed weakness against the dollar, it seems at the moment that it is getting stronger. Good opportunity for Long with a stop loss of below 1.32088

GBP/USD | Long | H4 Timeframe: H4 Analysis Method: price action Analysis: I can clearly see cup n handle pattern. So, there is a clear buying opportunity if it breaks 1.3200. Trade Plan: buy in breakout Risk Management: 1% Things To Watch For: 1.3200

GBP/USD | Long | H4 Timeframe: H4 Analysis Method: vsa Analysis: The GBP/USD finds respite at 1.3000 and looking to bounce. The 1.3080 level remains a key point for the bulls. Trade Plan: buy now Risk Management: 1% Things To Watch For: 1.3000

GBP/USD | Short | H4 Timeframe: H4 Analysis Method: Down trend and bearish engulfing candle Analysis: Secret Trade Plan: Down trend and bearish engulfing candle Risk Management: 0.5%-1%