newbie2016
Short

GBPUSD Sell Setup

FX:GBPUSD   British Pound/U.S. Dollar
280 16 19
Details on chart.
Comment: Was stopped out at 1.3075 but gbpusd is still a sell to me.. Big day tomorrow and there can be spikes..
Comment: To keep bullish action.. gbpusd needs to close 4hr candle above 1.336 otherwise downside towards 1.31 again looming.
Comment: gbpusd back below yesterday spike and clearing 1.322 again..

Now we have 2 double tops.. one at 1hr chart and other at 4hr chart.. and very strong resistance till 1.355.

Remain short as downside is still looming of 1.20
Comment: For short term, if gbpusd remains below 1.332 then target is towards 1.30.
Comment: Breakout... 1.305 gone!!!!!! Targets towards 1.20 now if 1.35 remsins
Comment: Death Cross Formation in process on 4hr time frame..
Comment: I am out at 1.304...

Gbpusd now preparing jump towards 1.315
Comment: In order to play weakness of gbp.. i am shorting gbpaud from 1.75and i think it has more 700 pips to go from current prices 1.696.. for now as far as 1.7125 holds nearterm targetis 1.68 and 1.67
Getting a power nap. GBP catalysts could push price further in our favor.
Reply
I thought your stop was above 1.3650. Jut leave it there and wait. The more you fiddle around the more you churn your account. hehe...
Reply
newbie2016 Rocketman
Earlier stop was therr.. but now i am into intraday due to market fluctuations.. it can still move for 124.5 major support but if it keeps 1.294 for today then expect jump towards 1.308
Reply
Rocketman PRO newbie2016
Its waiting on that economic data release to come out in one hour.
Reply
newbie2016 Rocketman
Now you know why i change stop as i was aware of bounces... and regarding data... technicals simply change whole scenario...
Reply
thanks dear. ..i am also waiting good pettern. can you join our trading group on skype there are many seniour traders.
Reply
newbie2016 Qasimshahzadgt
Thanks.. gu is now bearish below 1.304 and now if it remains below 1.3085 then targets are
1.294 and 1.28. Stop sell side 1.3085
Reply
dear what about gbpjpy ?
Reply
newbie2016 Qasimshahzadgt
Gbpjpy neutral today.. it taken out 133.8 thats positive for bulls but today is monday not to forget..
Reply
now can buy or wait. ?
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out