ARFXC
Short

Short On GBP/USD SELL SELL SELL !!!

FX:GBPUSD   Pound Sterling/U.S. Dollar
Reasons for

-On the four hour we have been testing that upper trend line for some time now and price simply aint breaking it
-Also we are putting in Lower Highs A sign of change of trend and a reversal
-We also have broken our Wedge to the downside which confirms bearish momentum
-We have also Held at the 0.618 Fib levels numerous times from the highs high on the up move
Therefore i believe the 4 hour timeframe is bearish

Daily
-On the daily we are clearly in a long term down trend
-There alot of wicks to the upside shows more selling pressure
-This pull up can be seen as a small correction
-After todays             candle which is shaping up to close as a bearish engulfing if so A bearish reversal sign
-Also price closes bearish it would have engulfed almost 4 days worth of price action
-Fridays candle was a doji so this signifies indecision so price putting in a Bearish engulfing gives us the signal that we are going Bears again
-We also trading at a key level of 1.45000 that has stalled price and show RES
Therefore i believe the Daily is bearish

Weekly
-Firstly last weeks candle was a doji on our key level of 1.45000
-Yes i no we are only 2 Days into the week (Tuesday) But if this week carries on being bearish we could be looking at a long term selling setup But we will wait for that to happen
-We are clearly down trending on the weekly
The trend is your friend ;)
-So the bullish movement we've had over the past two weeks could be a simple correction before another move down and create another Leg down
-Also we are near all time lows so perhaps we are going to test that again before anymore bullish movement (LongTerm)
Therefore i am bearish on the weekly too

My Entry : 1.44350

3 Timeframes all bearish :)
Only 1-3% of account proper risk management
Trade safe

If you liked this analysis and Setup
Follow and give thumbs up Also id love to hear what you guys think of the setup :)
Wishing everyone a great trading Week :)
Comment: May close early
due to Major news For GBP
so may close 10 minutes before depending on how the trade looks :)
Nice trade ! For trend line trade, I think is good to wait it pull back and retest and enter.
Reply
I got the same target man.GL!
Reply
$$$$$
+1 Reply
In profit , thanks again.
Reply
I think we still gonna see a lower high. then maybe it breaks down.
+1 Reply
ARFXC Wesual
Hmm maybe i dont see it happening but lets see
Reply
Wesual ARFXC
Ah I missed it. :) Nice predict man! Waiting for the next one. ( I wont miss that! )
Reply
this is a great setup
very bearish
multi timeframe analysis :)
+1 Reply
ARFXC yiaya1234
All about confluences ;)
Reply
MONEYYYYY ;)
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out