ARFXC
Short

Short On GBP/USD SELL SELL SELL !!!

FX:GBPUSD   British Pound/U.S. Dollar
9 months ago
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 :)
9 months ago
Comment: May close early
due to Major news For GBP
so may close 10 minutes before depending on how the trade looks :)
SniperFX PRO
9 months ago
Looks good, break of trend, failed to make a new high, price pivot compression......
+1 Reply
ARFXC SniperFX
9 months ago
Agreed more confluences :)
Reply
arif_awan
9 months ago
great chart.
+1 Reply
ARFXC arif_awan
9 months ago
Thanks
Reply
LeviEvans
9 months ago
I'm loving this setup
+1 Reply
ARFXC LeviEvans
9 months ago
Thank you
Reply
wen_325
9 months ago
Nice
+1 Reply
Ryanwollacott
9 months ago
Hoping for a good 1st trade of the week
+1 Reply
ARFXC Ryanwollacott
9 months ago
I hope soo too
lets see what happens
Reply
Macallan2607
9 months ago
On it
+1 Reply
BigLee123
9 months ago
Loving the analysis
I learn so much from your setups
so much detail thankyou
+1 Reply
ARFXC BigLee123
9 months ago
Thankyou
i appreciate it
Reply
EssawGipson
9 months ago
Great setups as always brother
+1 Reply
ARFXC EssawGipson
9 months ago
Thanks Essaw
+1 Reply
EssawGipson
9 months ago
Good setups as usual brother!
+1 Reply
breeJy
9 months ago
1st of the week lets see how this one goes :)
+1 Reply
ARFXC breeJy
9 months ago
Yep lets see how oit goes im confident about this one :)
Reply
TradingFX1234
9 months ago
Great looking setup
Your my go to guy for setups
Always on point
+1 Reply
ARFXC TradingFX1234
9 months ago
Cheers
Reply
swisse1
9 months ago
MONEYYYYY ;)
+1 Reply
ARFXC swisse1
9 months ago
££££ hahaha
:)
Reply
yiaya1234
9 months ago
this is a great setup
very bearish
multi timeframe analysis :)
+1 Reply
ARFXC yiaya1234
9 months ago
All about confluences ;)
Reply
Wesual
9 months ago
I think we still gonna see a lower high. then maybe it breaks down.
+1 Reply
ARFXC Wesual
9 months ago
Hmm maybe i dont see it happening but lets see
Reply
Wesual ARFXC
9 months ago
Ah I missed it. :) Nice predict man! Waiting for the next one. ( I wont miss that! )
Reply
Fx.Master
9 months ago
In profit , thanks again.
Reply
$$$$$
+1 Reply
I got the same target man.GL!
Reply
tntsunrise TOP
9 months ago
Nice trade ! For trend line trade, I think is good to wait it pull back and retest and enter.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out