Boon2
Short

GBPUSD D1 Running flat for more downside.

OANDA:GBPUSD   British Pound / U.S. Dollar
D1 We will either get the running flat or expanding flat in the B wave, No one knows exactly where C wave will end. At this stage I'm going for the running flat as D1 has the potential of bear hidden divergence although H4 hasn't confirmed it I'm not ruling it out just yet.

H4 we only have one wave up with no bearish divergence so if were going to get the D1 expanding flat we will want to see a H4 correction something like we seen in wave A.

H1 we have bearish divergence starting to form in the C wave. There is no confirmation wave C is over so even with the bearish divergence it still can push higher. Wait for confirmation before jumping in.

Experienced trader's can scalp the bullish flag's but it's now getting risky due to the H1 bearish divergence. I will only be looking for the short setup's for the D1 C down. What I would like to see is an impulse down on the lower time frames and a bear flag to confirm more downside to come before jumping in to any sell 1st targeting the low of the D1 internal B wave.

This is a longer term outlook so I will update this idea as price play's out.

If you would like to see more trade setups like this, hit the follow button, If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get update's.

Thank's to all the traders in advance that hit the thumbs for your support!

H1 chart.


Comment: GBPUSD H1 Bearish Running Flat. Checkout the idea detail's and updates for the complete picture thanks.

Related Ideas

hi what do you think next ? have got new analisy
Reply
Boon2 OkkesYaglici
@OkkesYaglici, Howdy, The D1 structure of the running flat as per this idea still hold's and is playing out nicely (hit the play button). It will take a fair while to play out as it's a D1 chart.

If you click on the chart in my last update (comment) on this idea, that is my H1 idea where I have updated that idea for the lower time frame which is up to date. The H1 Idea is still playing out nicely and I don't see any signs of a reversal so I'm still very much bearish at this stage.

Hope that help's and if you have any other question's let us know.
Reply
@Boon2, i think h1 chart conti. running flat where finish h1 chart runnig flat ?
Reply
@Boon2 , great analysis...definitely don't want to miss this one :)
Reply
Boon2 AntonioM
@AntonioM, Yes should be a nice trade when it's ready
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Get Help Ideas Published Followers Following Private Messages Chat Sign Out