tntsunrise
Short

GBPUSD AB=CD Going to Complete

FX:GBPUSD   British Pound/U.S. Dollar
8769 28 158
GBPUSD             AB=CD @ 1.34668
1.618 EXT @ 1.3534

Watch closely for the PRZ

and ready to short GBP

Again, Watch for the Price Action
and zoom in to lower time frame to find
short patterns and candles.


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cowboy cowboy
sorry,mae a mistake.
snapshot
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Potential Crab with impulse starting at the top of post BR EXIT.

snapshot
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I've already shorted at 1.34141, would you say ive entered too early? or should I hold on to it..
+1 Reply
where's ur original sl?
+1 Reply
OmarSher tntsunrise
1.34958
+2 Reply
Hi, thanks jack. what do you think if its a break of triangle? And I have checked the usd index, it fails to construct AB=CD in that chart. So I guess theres a big drop of usd and the rise of GBP could be up to 1.366 this time?
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I think this time it will break top.
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yeah. that's possilbe. if it breaks up, we need to find chance to buy
+1 Reply
MertErten tntsunrise
If it breaks 1.353x it will go up.
(Which is in line with other instruments' resistance like
XAU 1350-1360
XPT 1100-1110
to name a few)

The momentum is very strong this time...
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MertErten MertErten
Check XPTUSD ticks.
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MertErten tntsunrise
"Turncoat Resistance" area.

So I would wait until strong reversal signal...
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MertErten tntsunrise
Having said all that, I agree that GBPUSD price action/price is overextended.

I think next weeks W1 candle will print red and of course start printing from TOP :)

Thank you for your analysis.
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GREAT VIEW
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MertErten tntsunrise
Very nice, your analysis is on point.
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the bulls have inaff power for it .. hmm ..
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seems like a solid setup
Big Short Incoming
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Very good idea on GBPUSD, I have a similar idea on the 60 min chart.
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I think DXY is the key....it should rebound at 94.50....at the same time GBPUSD should be meeting one of these targets, this is when I will short...
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Jack you are right, cheers
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Great find jack
Time to finally short GbpUsd

Best of luck mate
+1 Reply
Calamity AkashGaur
too late prob, it looks like a correction only , and its well supported now
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Calamity Calamity
1.344could be a good entry yesterday
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AkashGaur Calamity
best of luck with your analysis
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You called it!!!! Nice one!.
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I got in probably to late, but enjoying the ride all the same up now at the close of play up 154 pips. Thank you Capt Jack
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Will it reverse or going to break the support? Jack update your idea plz
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