gbpusd looking to hit support in the 1hr chart before uptrend
FX:GBPUSD Safe Trades;
GBPUSD 4h Short Support: 1.25900 This is not investment advice
GBPUSD pair fundamental is not well , the pair fall more than 0.2% after carney speech not to hike interest rate soon, as technically pair is not yet completed his weekly target, the pair traded now on 50%fibo with strong resistance, we can see one more leg down towards 1.2600/1.2560. Sell GBPUSD @1.2698/1.2715 Target: 1.2608/1.2580 Stoploss: 1.2748 Gud luck...
It is possible to form the descending model 3W.
FX:GBPUSD will move sideways for a while. Look for a good short setup because it will go lower.
Sell from current level for 100 PIPS Let's Watch !!
Given the strong bearish movement after the UK elections and with the EMA low price of 50 we have no choice but to follow the price. We have a breaking of a banderin with a strong bearish tendency, we only have to wait for a backward step that validates the break and give us a trigger, only at that moment to enter short. 1.259 target.
This is an update about my trading analysis linked below at the "Link to Related Ideas." This is just a friendly reminder why no one should manually close trades! If I had my emotion taken the best out of me, I would have had closed the trades when I saw it an inch close to my Stop Loss. If I had, I would have had a loss now. Since I did not, I have still both...
Tested the highlighted resistance 3 times, now broke down. Good probability short. Enter however suits you. Comment what you think will happen. This is just my opinion on things.
GBPUSD, it broke previous resistance, then support, now it's at resistance area
GBPUSD shorting to support before starting up trend
This setup often tends to return to the original support line and from there to a downward trend.
based on my analysis, the pound will go up around 1.2879 price area and probably will hit rock bottom again. make sure to put a stop loss around 1.2908 to make a sweet trade. probably gonna make new Lower high(LH) right after you saw the previous Lower(LL) low before making for a new Lower Low! watch carefully. make sure to follow the money management and trade...
There are many reasons- 1) Bearish butterfly in daily 2) 2hr Stoch RSI Over Bought 3) 2hr MACD hidden bearish divergence. 4) 2hr uptrend line break and re-test
Hi, I am looking for a huge potential sell setup on this pair.Price is inside the corrective structure and we can see a break to the downside soon.
GBPUSD SHORT POSSIBLE Leading up to the BoJ interest rate decision this month, the GBP rallied against the USD and the pair formed a top just above the level of $1.278 USD per pound sterling. This provides an opportunity for a reduced-risk shorting opportunity. The outlook on this pair is bearish as the dollar index (DXY) is in the progress of making a recovery...