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GBPUSD Trend Lines

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Since my previous post, GBPUSD has been falling as I expected. 

Also, the trend line on the Daily TF which I said would attract price has actually been attracting the price (Note: it looks like I made an error in drawing that trend line on the Daily TF, but the idea is correct. The location of the trend line is just a little off and it shifted for some reason before I made that screenshot). I am expecting that same trend line on the daily TF to break. It's been tested several times now. Price may become bullish again for a little before that happens. That's okay because it gives traders the opportunity to place more sell trades again. When it breaks, the move down should be big.

I have personally been trading this and will probably continue to sell GBPUSD for now.
#16 - March 21, 2019, 02:05:03 PM

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The daily trend line has attracted price as I posted about before and GBPUSD has been falling. Price is currently at the trend line and I expect this trend line to fail as support. GBPUSD will most likely fall to around 1.2950.
#17 - March 28, 2019, 11:40:51 AM
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The daily trend line has attracted price as I posted about before and GBPUSD has been falling. Price is currently at the trend line and I expect this trend line to fail as support. GBPUSD will most likely fall to around 1.2950.
signyal good sir, tonight there is important news released, is it influential with technical analysis
#18 - March 28, 2019, 11:58:36 AM

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The daily trend line has attracted price as I posted about before and GBPUSD has been falling. Price is currently at the trend line and I expect this trend line to fail as support. GBPUSD will most likely fall to around 1.2950.
likely to survive in the support area last month.
thank you for the admin's analysis signal.
hopefully get a lot of profit.
#19 - March 28, 2019, 12:12:44 PM

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We can see the GBP / USD trend in Tf D1 where the position enters the cloud from the Ichimoku indicator and we see its movement if it successfully breaks the upper line then the bullish position will occur if it breaks the lower limit of the cloud then bearish.
#20 - April 09, 2019, 10:48:37 PM
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it looks like if seen on the GBPUSD daily candle shows a strong bullish for today.
#21 - April 15, 2019, 08:14:04 AM

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it looks like if seen on the GBPUSD daily candle shows a strong bullish for today.
the movement is still the same as yesterday's condition. GBP / USD price movements are still limited.
I think it's better to wait for a moment if you want to take a position in GBP / USD.
#22 - April 15, 2019, 08:57:24 AM

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There is a long-term trend line from the weekly TF that has been broken and re-tested. I expect price to start falling hard any time now.

Minimum target is 1.2600, but I expect price to fall more than this. Current price is 1.2764 at the time of this post. So this is a 150+ pip trade with low risk if traded.
it seems that for this evening GBPUSD will rise to the price of 1.31753
#23 - April 15, 2019, 01:35:18 PM

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hello friend. for the analysis of the GBpusd currency today it will move up if observed from the timeframe h4 and dayli. prices will move up after several days of declining moves.
#24 - April 23, 2019, 03:48:39 AM

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Current bearish pressure for the GBPUSD pair is very strong so if you look at TF weekly it looks like bearish will run until the end of this week.
#25 - April 23, 2019, 03:28:39 PM

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the movement is still the same as yesterday's condition. GBP / USD price movements are still limited.
I think it's better to wait for a moment if you want to take a position in GBP / USD.

the movement is now bearish strong
#26 - April 23, 2019, 04:20:57 PM

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GBPUSD price is currently 1.2344 at the time of this post. GBPUSD has risen a lot in the past couple days. I believe this to be a short-lived bullish move.

There are 3 reasons I think this based on the weekly TF. See attachment.

Red line - This acted as support for a long time and then failed. Price closed below this line for 2 weeks in a row and then became bullish. Then the line failed again. I expect price to fall back below this line once again. This would mean at least a 200 pip drop from current price.

Yellow line - Another long-term support line broke and is in the process of being retested. Price must not move the whole way back up to this line, but only a good amount of the way for this to become a bearish signal. So price may move up a little more, but I expect price to fall because of this. When it does, it will be a bearish move which is a few hundred pips at least.

Purple line - Price is at overhead resistance. Price may move a little above this line, but I expect it to hold.

Not pictured - Near the middle of the chart, there is a candle with a long bottom wick near the 1.2400 level. Which is about 50-60 pips from current price. Price may move up to this level briefly before it starts falling hard.
#27 - September 05, 2019, 11:44:37 AM
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Hey, I'm still new here. 
Your analysis is very good, I will use it, hopefully we get profit. 

thanks.
#28 - November 22, 2019, 07:06:45 AM

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    I am bullish on GBPUSD for 3 reasons:
  • Price has fallen more than 200 pips today. It's too hard and too fast. When this happens, a reversal is likely to happen.
  • Price is at a support level on the daily TF.
  • Price has broken a downwards trend line and remained above this line. Price is now retesting this previous resistance level. Usually when this happens, price will bounce off this line since it will act as support.
GBPUSD is currently 1.2904 and I think a good target for this is the 1.31 area. This might fall down to around 1.2875 before becoming bullish again, but entry anywhere near this level is good in my opinion since the reward is about 200 pips away.


#29 - March 10, 2020, 05:36:21 PM
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« Last Edit: March 10, 2020, 05:38:26 PM by Admin »

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GBPUSD Trend Lines in Technical_topic=650

GBPUSD is down to strong support on the daily TF near 1.2434

There is a confluence of support at the current price level. Price is at prior horizontal resistance level which is now support. Also, price is at trend line support which will probably hold strong. So a move higher is very probable.

TP will be at the prior top at 1.2675 (241 pips)
SL below the nearest at 1.2335 (99 pips)

#30 - May 23, 2023, 12:09:30 AM
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