4xbullion
Short

GBPUSD Another Perspective

FX:GBPUSD   Pound Sterling/U.S. Dollar
273 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
90% to target achieved. trade closed..
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
Yes it certainly looks like a possibility. I think a lot depends on the sp500
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out