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    Thread: GBP/USD (part 58)

    1. #1 Collapse Post
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      Default GBP/USD (part 58)

      Quote Originally Posted by PhantomTrader79     
      Yesterday's D1 time frame candle: bearish candle
      General direction: sideways
      Expectation: down
      Short commentary: the gap is still not yet closed so we might see price return to that place again. This might make it a retracement rather than price going sideways so we have to be careful.

      Yesterday's D1 time frame candle: bearish doji
      General direction: sideways
      Expectation: down
      Short commentary: Price is hesitating to go down too strong and there is a sign of pause however, the main trend is still down so caution must be exercised if you want to take advantage of this. Remember, that my charts are always the daily time frame so there is enough opportunity to get from this opportunity.


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      2020-10-16   11:33
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      In the Asian session, the USD/CAD pair was trading in a rather narrow range, holding slightly above the levels from the previous close. On Thursday, the Canadian dollar depreciated notably against the USD and is currently staying under pressure. Most commodity currencies dropped amid negative sentiment in the energy market. The positive dynamics of the US dollar also contributed to the pairs growth.
      The greenback advanced against most major currencies and was in demand among investors amid rising risk aversion. The news that the stimulus package for the US economy has been postponed also supported the US dollar. In the first half of the day, I dont expect the pair to make any sharp movements. A moderate downward correction is possible. However, I think that the uptrend should prevail.
      A possible pivot point is seen at 1.3185, and Im going to buy the pair above this level with the targets at 1.3275 and 1.3325. Under a different scenario, USD/CAD will start to fall until it breaks below the mark of 1.3185. After settling there, it may then test the levels of 1.3165 and 1.3155. I will probably open new long positions from these levels.
      Attachment 289922

      The attachment
      2020-10-19   09:43
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      From a technical point of view, the pound/dollar pair is likely to continue gaining ground at least to the upper level of the waves located at 1.12970. If the European Union and the United Kingdom can reach an agreement, the pound will have every chance to advance further. However, I doubt that the price will grow higher than 1.3100 under current circumstances. In general, as long as negotiations are underway, trading this instrument is risky. Of course, if you do not take into account all the risks.
      Attachment 291065
      For now, I expect the pound/dollar pair to continue moving in an upward trend. The quotes are forming something similar to a bullish divergence. However, we will hardly see a strong increase in quotes without progress in UK-EU trade talks since the current price is already high for the pound.

      The attachment
      2020-10-16   10:38
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      Attachment 289905
      Last Thursday turned out to be successful for the US currency. It gained ground across the board. The British pound/US dollar pair was not an exception. During the previous trading day, the pair was moving in a downward trend. Sellers managed to drag the quotes down to the level of 1.2893. Well, the pair is currently trading in this area. According to the hourly chart, neither bears nor bulls have an advantage. Some indicators point to the pair's upward trend, while others indicate its downward movement. Therefore, the pair is likely to move in a sideways trend for a while. However, I still think that sellers will be stronger again and they will start pushing the price down. I suppose that today the pair will go down to 1.2850. In case it breaks through this level, the pair will have every chance to reach 1.2800. Today's macroeconomic calendar is bereft of any important releases. Only some statistics on the US economy are set to be released later. However, I do not think this data will affect the market. Thus, the pound/dollar pair will most likely go down to the level of 1.2850 and then to 1.2800.

      The attachment
      2020-10-21   09:53
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      At first, the British pound/US dollar pair was standing still, but in the late previous session bulls managed to pull the price a little up. As a result, the pound/dollar pair advanced and stopped at the level of 1.2980. According to the indicators on the hourly chart, buyers have an advantage. I suppose that today the pair will continue to gain ground and try to test the round level of 1.3000. If this level does not resist, the pound/dollar pair will most likely go up further and reach the level of 1.3100. However, I do not exclude that the price may again return to the level of the early session on Tuesday. Today's macroeconomic calendar includes some significant data from Great Britain, but it will hardly affect the market sentiment. As for the American economy, the data on crude oil inventories is set to be released today. However, this release is not so important for the currency market.

      The attachment
      2020-10-15   16:24
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      GBP/USD. H4 time frame
      Attachment 289670
      The GBP/USD pair is trading above the Pivot point of 1.2977. Currently, the price is at the level of 1.3011. All four elements of Genesis Matrix, the primary technical tool, are white. The indicator is giving a buy signal. This signal is also confirmed by the Bollinger bands indicator, where the price is trading above the middle band, which is expanding the borders of the channel, and the Stochastic oscillator, whose lines inter-crossed, left the overbought zone, and are now heading upward. The daily time frame is giving a buy signal as well. The levels to open long positions are 1.3091 and 1.3177.
      A Stop Loss order is better be placed below the Pivot point. When the elements of Genesis Matrix will change their color from white to red, long positions will no longer be relevant. Mind to set your trades to the break-even. This will help minimize losses in case of a price reversal. Also, you can activate a Trailing Stop when the price has passed at least 20-30 pips in a profitable direction.
      If the price consolidates below the Pivot point, the pair is likely to extend the downward movement to 1.2891 and even lower. Remember to follow the rules of money management.

      The attachment
      2020-10-20   09:52
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      Yesterday, the British pound/US dollar pair was quite volatile. At first, bulls pull the price up but then bears dragged it down. As a result, there is a sort of a wave on the chart. The pound/dollar pair stopped at around 1.2950. According to the indicators on the hourly chart, the situation is uncertain. Some indicators point to the pair's downward trend, while others indicate its upward direction. Today, I expect the pound/dollar pair to trade upwards. I suppose that the pair will grow on Tuesday and will probably reach the level of 1.3000 again. Today's macroeconomic calendar is bereft of any significant releases. Some statistics on the US economy are set to be released later. However, I do not think this news will affect the market. Traders are awaiting the US elections. Then we will see price spikes. In the meantime, I expect the quotes to move in an upward trend.

      The attachment
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      Default Day candle is downward

      Good day! As we can see, the previous day candle closed headed southward. It goes the same for today, the current candle is also directed downward based on the 15-minute chart. Fixation of the price higher than 1.2845, I would look for the continuous growth or higher. In case a breakout occurs and fixes below 1.2805, then there is a chance for a decline and sell the pair down to 1.2765 or lower.

      Name: 9.05.18a.png Views: 2912 Size: 123.9 KB

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      Default UK Services offer a positive surprise but the GBP ignores it

      Name: 5-9-2018-4-34-22-pm-852x485.png Views: 2876 Size: 205.9 KB

      The UK services report was just released and it was a tad surprising. it was expected to come at 53.9 points but it beat expectations and posted 54.3 PMI points. The surprise was due to the negative economy data that we have seen form the UK recently.
      Yesterday i saw the manufacturing PMI report which showed that this sector had lost one full point comapred to the previous month. The economic outlook from the Bank of England yesterday was not that encouraging as brexit worries prevailed.

      Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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      Name: perfect GU PA.png Views: 2807 Size: 120.4 KB
      Here is a perfect GU price action analysis, because on 4h chart it nicely closes with an important pin bar and its a valid buy signal and just 5 mins later there are talks UK, GERMANY will drop some key brexit demands and there it goes, more than 100 pips higher in just few moments and definitely this move will be evolving in something bigger, just wait.
      Those who missed, re-enter at 1.2930 buy will be very good and profitable deal!


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      The bullion was able to take control of the GBPUSD move down to the 1.2800 support level
      In view of the technical indicators
      Both the RSI and the Stochastic are indicating signs of recovery
      Therefore we expect the pair to test $ 1.2935 again
      The alternative scenario is the GBPUSD pair's decline to the 1.2800 level
      Resistance: 1.2840 - 1.2965 - 1.3044
      Support: 1.2800 - 1.2718 - 1.2653


      ---------- Post added at 10:57 PM ---------- Previous post was at 10:41 PM ----------

      GBP pair and on a 4-hour frame. Looking at the attached chart, the pair has now reached a key demand area for the pair, which ranges from 142.59 to 142.17. It is worth mentioning that the demand areas are considered to be price reversal areas. For the husband in the coming period.
      Technical and steady trading on the pair above the above mentioned demand area or more accurately the highest level of 142.17 and not break it down the expected rise of the pair until its goals divided into two goals, where the first target at levels of 143.78 and then to the second goal at levels 145.52, but as we mentioned earlier, Level 142.17 and do not break it down.

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      Quote Originally Posted by PhantomTrader79     
      Yesterday's D1 time frame candle: bearish doji
      General direction: sideways
      Expectation: down
      Short commentary: Price is hesitating to go down too strong and there is a sign of pause however, the main trend is still down so caution must be exercised if you want to take advantage of this. Remember, that my charts are always the daily time frame so there is enough opportunity to get from this opportunity.

      Yesterday's D1 time frame candle: bullish doji
      General direction: sideways
      Expectation: down
      Short commentary: Yesterday showed the market's whipsaw and the closing of the gap that we had previously on Monday so now the market might continue to go down without strong rejection. But we have to be cautious because the other major pair is also in caution mode.


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      i think next few hour Gbp/usd trend is bearish i hope more down 1.2900

      Current price is : 1.2955


      Resistance 1: 1.2965
      Resistance 2: 1.2997
      Resistance 3: 1.3016

      Support 1: 1.2919
      Support 2: 1.2896
      Support 3: 1.2869



      possible next few hour go more down in this price

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      Pound is the indistinct movement inside the flat with the tapping of its borders to the exit of the "nook". The growth of the pound looks grown-up in case of fixing above the resistance. 1.3040. In this version, bulls could use this zone as a reference for continuing growth. I consider for buying a pound in this zone.

      Name: GBPUSD.png Views: 2772 Size: 174.7 KB

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      Quote Originally Posted by PhantomTrader79     
      Yesterday's D1 time frame candle: bullish doji
      General direction: sideways
      Expectation: down
      Short commentary: Yesterday showed the market's whipsaw and the closing of the gap that we had previously on Monday so now the market might continue to go down without strong rejection. But we have to be cautious because the other major pair is also in caution mode.

      Yesterday's D1 time frame candle: bullish doji
      General direction: sideways
      Expectation: down
      Short commentary: Price is still contained inside that big doji candle from several days ago and we it might stay there for a couple more days.


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      Gbp/usd today touch the very high price i think in the European market go down

      Resistance and supporting level
      first time fail breaking the resistance level 1.3029 if break again this resistance then go to 1.3264
      but if back in this point then in the European market going strong back possible close very low rate market tonight
      i see next H1 candle is very important but i hope now go back strongly and touch again 1.2953 or more less

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