4xbullion
Short

GBPUSD Another Perspective

FX:GBPUSD   British Pound/U.S. Dollar
272 3 2
UPDATE 07-11-2014 Stops brought to break even

A lot of people (including me) are rooting for the pair to rise from the ashes. However we could even see a continuation of the hammering. We have to be prepared for the unforeseen and thus this analysis.
We now see a bear flag forming, in which we have a down leg also called the pole, and a rising flag which signifies consolidation. However, a break of the flag will lead to the downward trend continuation to the extent and measure of the pole.
The trade has a great risk-reward ratio but make sure to enter only on break of the flag to the downside

Trade Type: Trend Continuation
Price: 1.5977
Target: 1.5739
Stops: 1.6043
R/R Ratio: 3.5
Yes it certainly looks like a possibility. I think a lot depends on the sp500
Reply
I think alsow short we can see on 1h chart at gbp/usd create SHS formation at the line of flag breakout so this signal is more strong ;)
snapshot
Reply
90% to target achieved. trade closed..
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out