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GBPUSD Counter Trend
GBPUSD - Propulsion trade
GBPUSD Trend continuation
Propulsion setup GBPUSD 4hr
GBPUSD - Perfect Propulsion trade
GU Propulsion trade idea.
GBPUSD pullback for a long
GBPUSD long
Propulsion Trade
Pretty 8 EMA Gap on Cable
GU Propulsion trade idea.
GBPUSD Idea
GBPUSD SELL VIEW
TAKE THE TREND TRAIN HIGHER WITH CABLE
GBP/USD Short against USDX correlation.
GBPUSD Monthly, Weekly and Daily Chart Up Trends
Monthly GAP
USD has retested support on DXY. GBP at top of range
Pending Trade Setup....Waiting for Long Entry confirmation to hit the target at 1.3839
GBPUSD Sell Setup
GBPUSD - WANTS YOUR ATTENTION
Naked Trading
GBPUSD long
BCR of significant level.
Top trade ideas
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GBPUSD Counter Trend
Wait for price to break and close below the 4hr 8ema with sniper onside before executing a short. Risk accordingly
GBPUSD - Propulsion trade
The GBPUSD Trend is up since April 2020 with the Pound being the strongest of the currencies now and USD becoming more and more weaker. This morning price hit 1.42400 and now Price has had a 50% pulled back and hit 1.40809. Price is reversing and I am waiting for Price to break above the 15m 8ema before entering the trade. You can trade this 2 ways. 1) Place a Buy stop at 1.41200 and place One TP - at Fib 161.8 level is 1.44131 and SP at 1.39598 (RRR: 2.18/1) 2) Place a Buy stop at 1.41200 and place Two TPs - 1 at Fib 100 level at 1.42399 with same SL & second TP as above. When the first TP is hit, move the SL to the entry level. I know Andrew has mentioned to be fearful of the pound at the moment so you reduce your risk if you want to enter this trade. Remember to respect your risk and trade safe.
GBPUSD Trend continuation
GBP very strong and USD is weak , Entry at 2 ATR Pull back with a good risk reward ratio i.e 1.8 Your suggestions and feedback is appreciated.
Propulsion setup GBPUSD 4hr
For Educational Purpose only and good times!. The momentum meter is showing GBP strong and USD weak, GBP is strong upward trend above 10,20 &40 SMA, 50% pullback on support level and 2XATR, and decent risk-reward 2R. I'm still learning the propulsion setup, so I'd like to share my idea and hopefully get some feedback.
GBPUSD - Perfect Propulsion trade
This is an excellent example of Andrew's Propulsion trade strategy. Price has pulled back to 50% of the previous Support level at around 1.37420, GU is in a uptrend and still one of the strongest currencies in the bouquet so GU is expected to move higher. You can trade this 2 ways. 1) One TP - at Fib 161.8 level is 1.40780 and SP at 1.37420 or below the Support zone 2) Two TPs - 1 at Fib 100 level at 1.39496 with same SL as above and second TP as above. Good time to get in is now. Remember to respect your risk and trade safe
GU Propulsion trade idea.
GU long from the retrace idea. 1. 50% pullback. 2. moving averages fanned out. 3. G strong usd - meh. SL below the S&D zone. TP at 1,61 ext
GBPUSD pullback for a long
bullish trend continuation, with a pullback to previous resistance and 50EMA, TP on next resistance. Entry if the 4H candle closes green. would appreciate feedback about this idea!
GBPUSD long
GBP strong/ USD weak. GBP weakening but Euro strength helping this pair. Strong up trend. 50% pullback also 2ATRs into previous minor resistance level. TP targets 161.8 extension at next Daily support zone. Risking 0.5% R/R 1,86
Propulsion Trade
Looking for the pullback to the 50% for a continuation to the upside. GBP looking good at the moment. Decent risk reward.
Pretty 8 EMA Gap on Cable
All criteria onside. * This is for educational purposes, all comments are welcome. Please take this only if it fits your strategy and rules, don't follow blindly.
GU Propulsion trade idea.
Looking to enter the GU trend on the pullback from today. The pound seems will continue to grind higher as the vaccine keeps rolling out. The pullback coincides with the stock of todays, which is good opportunity for entry. 1.Good technical level was broken, and we got a pullback of 50%. 2.Confluence with the upper level of the triangle (not part of the strategy but a nice bonus. 3. Moving averages fanned out. SL below the previous S&D zone. TP at the 1,61% ext.
GBPUSD Idea
Note By take confirmation from the trend line, support and resistance Using the Fibonacci tool Points 0.61% and .618% are always the best area to enter the position -------- Please ensure you do your own analysis before take any action ---- Open Buy or Sell after confirmation of the return move
GBPUSD SELL VIEW
GBPUSD SELL VIEW
TAKE THE TREND TRAIN HIGHER WITH CABLE
POUND SEEMS TO BE FORGING AHEAD WHILE THE DXY HAS PULLED BACK THROUGH PREVIOUS SUPPORT THIS WEEK AND LOOKS TO BE UNDER PRESSURE. BROKEN SIGNIFICANT LEVEL AT 1.37430 FANNED OUT MOVING AVERAGES 2 X ATR ENTRY AT PREVIOUS SUPPORT 80 PIP STOP / 120 PIP TP GL 😃
GBP/USD Short against USDX correlation.
Looking at the correlation with GBP/USD and USDX. GBP/USD at a high since 2018 with a bear sell on the H1. USDX in a phase 2 on the daily now at a support level around 90.30. I'm seeing a potential reversal? First post so interested in forums observations. Thanks
GBPUSD Monthly, Weekly and Daily Chart Up Trends
Test of the daily chart uptrend anchor has held (horizontal white line) Take Profit at 1.42 (2R) Stop loss 1 daily ATR (14) Below the daily chart uptrend anchor ( horizontal white line)
Monthly GAP
Pull a sell limit order @1.36152 Tp 1 @1.35017 TP 2 @1.33886 ALWAYS CONSIDER YOUR BROKERS SPREAD FOR TAKE PROFIT
USD has retested support on DXY. GBP at top of range
A combination of DXY breakout and GBP failure to break daily long term resistance...view more
Pending Trade Setup....Waiting for Long Entry confirmation to hit the target at 1.3839
Will only enter Long once confirmed by a trend line break on 1H chart and MACD going in the direction of the trend.
GBPUSD Sell Setup
Good day traders As we still waiting for a retrace to our previous broken resist zone to act as support. Here's an short term sell setup for counter trend traders with a good risk reward ratio. Trade safe
GBPUSD - WANTS YOUR ATTENTION
As I understood I have to explain my idea. Why I think so... So I will try to do so: I trade based on PRICE ACTION/NAKED CHART. PLEASE DO YOUR OWN RESEARCH AND CALCULATIONS BEFORE BUYING!!!!! Thnks 😃 1) Price action says to me when should I buy, what size stop loss I must have and when to exit. a)Price action size tells me what size stop loss I'm going to have and which direction it's going to go if all signals are triggered. b)How I'm finding out which currencies are strong enough to trade?... Strongest currencies forms on Mondays. 2)How I find my entry: a)When price action starts to form opportunity I'm looking which direction market planning to go. b)I look for Shooting Star or Inverted Hammer (Which ono I have to look for it depends on price action. Price action tells me which one I have to finde.) c)When I finde 'Hammer' or 'Star' I start to look for 2 candlestick combination. d)After. I draw lines: 1)15 min support , 2) 1H support , 3) Support based on price action size , 4) Channel support which he broke true. e) TP till price action going to say to you that price planning to slow down or reverse. Or at Thursday night. f) Price have to reach at least 3 supports. Ideal all 4. PLEASE DO YOUR OWN RESEARCH AND CALCULATIONS BEFORE BUYING!!!!! Thnks 😃
Naked Trading
What do you guys think?
GBPUSD long
Trend bullish with decent pullback this should continute up today as buyers jump in. Risk accordingly . Good luck and happy piping
BCR of significant level.
GBP been strong for the week USD been weaker than GBP. 50% PB & 2ATR pullback also into a significant level for a BCR. TP at 161.8 extension at next resistance level. Trade carefully, not the strongest pair to trade but good technicals.
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Andrew Lockwood
X30+ years experienceStarted in the trading pits of London with some of the biggest traders in the world. Migrated to screen trading around 2005 now trades full time focusing on FX, Indices, commodities.
Max Norbury
X10+ years experienceMax is a diligent and pro-active individual with a wealth of experience in technical and fundamental analysis, high-probability trading and mentoring within the financial markets. He has also has a variety of non-accredited analytical certifications.
Mark Bennell
X15+ years experienceCertified Financial Technician (CFTe), Diploma of Technical Analysis, Diploma of Share Trading and Investment. 14+ yrs trading experience. Focus on the process and the money will follow.