DariusFxTrading

GBPUSD short - Bearish Correction

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
Welcome to a new Update

On GU we had a strong move to the downside.

Monthly:
It was because of the monthly timeframe . We are currently completing the correction based on the last impulse move to the upside.

Weekly:
Nice bearish Pinbar so signalize us the market will go down. This also the point why I expect it to go up first before dropping down. To collect some more liquidity.

Daily:
Bearish environment. We broke the trendlind

Lower Timeframes:
M Formation on the h4. Therefore I would like to see market going up before dropping down lower

What do you think of this Analysis? Share your opinion of this pair below.
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Comments

Hello Darius,
Great analysis there as always! Already playing out well.
Here's my view if you don't mind me sharing, it's pretty soon to the resistance you pointed out as well:
Cheers,
-Dale
+2 Reply
DariusFxTrading Trader_Dale
@Trader_Dale, thank you my friend ;) yeah no problem you can share your thoughts and analysis anytime
Reply
nice setup
+2 Reply
DariusFxTrading Yuriy_Bishko
@Yuriy_Bishko, thanks bro ;)
Reply
Very Nice, This is called trend friend, i have same view
+1 Reply
DariusFxTrading MrForex_Global
@MrForex_Global, yes right bro ;)
Reply
DariusFxTrading MrForex_Global
@MrForex_Global, thanks for sharing ;)
Reply
Very dope! Love the concise explanation
+1 Reply
DariusFxTrading FlyyGuyFresh
@FlyyGuyFresh, you are welcome ;)
Reply
Where is the selling price starts
+1 Reply
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