Tag: GBPUSD Analysis

GBPUSD – Very clear bearish market condition

The GBPUSD is trading in a very clear bearish condition, it broke through an important LT support level and it is likely to continue its way down until it reaches the next LT support level:

As long as the GBPUSD keeps trading below 1.6353 I’ll keep looking for short opportunities.

The next LT support level is at 1.5984

Trade Safe!

Raul Lopez
Forex Training

GBPUSD Analysis

GBPUSD – Trading at an important level

The GBPUSD is trading in a short term range around and important long term level:

I’ll wait for the GBPUSD to break the short term range, this will trigger a market condition in the direction of the breakout and of course, I’ll look for trades in the direction of the breakout.

Trade Safe!

Raul Lopez
Forex Training

GBPUSD Analysis

GBPUSD – Short signal

The GBPUSD is trading in a very clear bearish market condition, and only short opportunities are in play. A few minutes ago, the GBPUSD broke through the ST support level and retraced back forming a significant pattern with downward pressure which made me go short:

Here are my trade details:

Entry: 1.6182
SL: 1.6226
TP: 1.602

Trade Safe!

Raul Lopez
Forex Training

GBPUSD Analysis

GBPUSD – Bearish market condition

Last week we had the GBPUSD in a bullish market condition, and it reached the main LT resistance level. Now, it looks like the GBPUSD is being rejected from the main LT resistance level, triggering a bearish market condition:

As long as the GBPUSD keeps trading below 1.6151 I’ll be looking for short opportunities.

Trade Safe!

Raul Lopez
Forex Training

GBPUSD Analysis

GBPUSD – Bullish market condition

Yesterday the GBPUSD broke through both,  an important LT and ST resistance level triggering a bullish market condition. It is likely to continue its way up until it finds the next LT resistance level around 1.6296:

As long as the GBPUSD trades above 1.6020 I’ll be looking for long opportunities.

Trade Safe!

Raul Lopez
Forex Training

GBPUSD Analysis

GBPUSD – Short signal

I’ve got a signal to go short in the GBPUSD, it is trading in a bearish market condition, the next LT support level is at 1.5660, so we’ve got plenty of room for a good RRR. This is how my short term chart looks like:

This is where I have my levels:

Entry: 1.5908
SL: 1.5957
TP: 1.5690

So I’m risking 49 pips for the possibility to make 218 (a good RRR, what do you think?)

Trade Safe!

Raul Lopez
Price Action

GBPUSD Analysis