AlexxChan
Short

GBPUSD waiting for a break of 1.41036 to reach lower lows

FX:GBPUSD   British Pound/U.S. Dollar
With large amount of insecurity and uncertainty surrounding GBPUSD             , my bearish sentiment on GBPUSD             is at 99.9%. With that being said I expect 1.41036 to break, retest then make its way to 1.39426 as its next target.
Nshan
9 months ago
but it broke the triangle on an h1 and all the way up to 1.42500 . any updates by your side ?
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AlexxChan Nshan
9 months ago
Possible fake out. Right now its back right under the triangle

snapshot
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Hysterics AlexxChan
9 months ago

Sir it looks like that 1.3364 (bottom?) is a perfect place to buy, can i get your advice about that?
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AlexxChan Hysterics
9 months ago
That's a very long way down haha, you sure your number is correct?
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Hysterics AlexxChan
9 months ago
Yes im talking about the lows of 2009/2008 i would like to go long there but this downtrend is soo strong and i just dunno looks risky (i know it will take a while before we are there btw)
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AlexxChan Hysterics
9 months ago
There's a lot things that can happen between now till the 2009/2008 lows. It may bounce back up again from those levels but again, things can change. I suggest shorting GBPUSD for now until then.
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mp4mp5 AlexxChan
9 months ago
is it good to sell now?
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AlexxChan mp4mp5
9 months ago
Wait for the retest to around 1.4022 before issuing a sell. You could technically send at this point however, there's a possibility that its going back up a bit before heading down lower because its momentum is slowing down.
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Hysterics AlexxChan
9 months ago
Thank you bro, this small conversation just freshed me up :D
+1 Reply
AlexxChan Hysterics
9 months ago
No problem! Love to help anyway.
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mp4mp5
9 months ago
it breaks 1.39426, falling down to 1.3770?
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AlexxChan mp4mp5
9 months ago
Im going to wait to see what it does, it might move sideways a bit before making a next move
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AlexxChan mp4mp5
9 months ago
Haha really hitting the mark lately with my analysis
snapshot
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mp4mp5 AlexxChan
9 months ago
Yeah, i saw that.. 1.377 possible the next ?? Question is when?
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AlexxChan mp4mp5
9 months ago
most likely
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mp4mp5 AlexxChan
9 months ago
can sell now? it's up a bit ... 1.39115 Any retest level?
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AlexxChan mp4mp5
9 months ago
Yeah I think you can sell now, there's a small bullish engulfing candle on the 1hr timeframe. It might hit 1.3881 and have a minor bounce off there
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mp4mp5 AlexxChan
9 months ago
Seems like it bullishing now... wait and see
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AlexxChan mp4mp5
9 months ago
It's only a retracement right now, it should go down later on in the near future. However there is news that's going to affect the pair in about an hour and at 8:30am est
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mp4mp5 AlexxChan
9 months ago
Where can i get the news? Can share please? =)
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