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NoahXBorg

GBPUSD Idea for the week

British Pound / U.S. Dollar (FX:GBPUSD)  
NoahXBorg  
FX:GBPUSD   British Pound / U.S. Dollar
Pivot Points Supply and Demand Support and Resistance GBPUSD gbpusdshort gbpusdanalysis gbpusdsignal gbpusdlong gbpusdidea gbpusdtrade gbpusdsetup gbpusd_forecast
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pivotpoints supplyanddemand supportandresistance gbpusd gbpusdshort gbpusdanalysis gbpusdsignal gbpusdlong gbpusdidea gbpusdtrade gbpusdsetup gbpusd_forecast
Price has recently tested the long term bearish trendline and has also tested the 61.8% Fib level.

I will be looking to go short on a combination of 3 or more of these confluences:
  • Break and retest of level 1.36000
  • Break and retest of Bullish Push Line
  • Bearish Structure
  • Bearish Candlestick Pattern
  • Moving Average Crossover
  • Strength on the DXY
    USD Strength: DXY Forecast Pt.2

If price fails to go lower and breaks + retested long-term trendline, it could be retracing towards this previous high

Previous Analysis on GBPUSD
GBPUSD October Outlook

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NoahXBorg
GBPUSD October Outlook
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