tntsunrise
Short

GBPUSD Going to hit strong resistance 1.4635

FX:GBPUSD   British Pound/U.S. Dollar
1682 8 69
GBPUSD             Going to hit strong resistance
1.4635 is the Level that price may show a pull back.
Reason:
1. 0.382 Retracement
2. 100 DAY MA
3. Left Structure.
So if you have long position, Please consdier to
take some profit at this level.
Alternatively, you can also consider to open a short
position based on this resistance level and price action.
Trade with what you see.
Trade with your plan.
Good Luck!
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Great and fantastic analysis ! Thank you tntSunrise !!!
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thank you ^^
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thanks jack. i have longs based on the libra pattern but was expecting some resistance after another spike(2 impulse spikes have been created so looking for the 5th of the 5th) . thing is i am about to short gbpjpy so i was looking to see signs of bears on gbpusd. your analysis helped see where they might be! enjoy your weekend !
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tntsunrise TOP DAVID_GIRALDO
have a nice weekend
Reply
Jack, another reason AB=CD.Thank you ,my teacher.I am class 15,YanBing Fu.
Reply
NICE! AB=CD
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Sounds like.. Down trend starts even before hitting the resistance.. Lower time frames like M30 gives a strong indication.
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