IvanLabrie
Short

GBPUSD to confirm short soon

FX:GBPUSD   British Pound / U.S. Dollar
231 3 13
Thanks to The Working Trader for bringing this to my attention.
We have considerably bearish GBPUSD             news, mentions of a possible rate cut, amongst others...
The technical setup in both daily and weekly charts is clear, downtrend continuation.
My time and price target is ultimately 1.41021, to be reached at or before June 1st.
The entry hasn't been confirmed on the daily, but RgMov is already printing new lows ahead of price action, which is a bearish signal.
I'll update with my entry short.
Cheers,
Ivan.
Trade closed: stop reached
Retest of weekly resistance, very limited upside potential.
Reply
GBP seems to be extremely strong lately, I suspect it won't fall much, or won't fall at all.
Reply
snapshot

Setup confirms after today's close...Time and price target are outlined in the chart but it may reach it ahead of time.
If it does, expect a strong retracement from that level.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out