GBPUSD Intraday Analysis (500 Pips GAINED Last Week!)

Hey everyone! Last week's analysis and daily updates will be linked in "Related Ideas" below. The marked up Price Ranges were all caught moves! THIS WEEK we're looking for a reversal in the top key level for a short position. My prediction is a sell pattern confirmation on lower time frames, for us to execute price down to the daily's resistance zone and expect a reversal in that area by the trend line. This reversal should then go long to reach liquidity and break previous highs. Of course, we will wait for all confirmations and set our parameters accordingly. Comment below your thoughts! :)

Trade active:

Enter!

Trade closed: target reached:

While waiting for a sell confirmation, we received a break above the trend line along with a re-test. From there we entered for a long position instead, Target was reached for 80 Pips! Now we’re getting ready for a short position reversal.

Trade closed: target reached:

Head and Shoulders sell confirmation! 50 Pips

Comment:

TP2 was hit for 70 Pips!

Trade closed: target reached:

TP3 was hit for 100 Pips!

Comment:

For those who gotten in at the shoulder, 150 Pips!

Trade closed: target reached:

Our level was reached, in this area we were looking for a rejection and reversal or for a break through and to continue with a short position. The level was rejected and we entered for a long position. All TP's were hit for a 60-80 Pip total.