mcpeacocks

Short GU based on Tombstone Candle and resistance held

FX:GBPUSD   British Pound/U.S. Dollar
resistance formed almost perfect 4hr tombstone.
shorting this to daily pivots and supports
MaryJane
a year ago
Thx for sharing....here is my view!
Update: GBPUSD reached Selling Zone / Breakout Zone
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Update: GBPUSD reached Selling Zone / Breakout Zone The Pair tested 9!!! times the Level between 1,5645- 1,5685.
When it worked 9 times to short that Pair, will it work once again?
In my opinion it looks too easy to fix that Level again because the strong Resistance Cluster is too obvious. The Short Chance/Risk-Ratio is appealing. I have illustrated the possible short Position in my Chart.
IMO, the resist will fall, the pair will reach new HIGHS. The BUY-Trigger is still above the mentioned Level (1,5685). For the bullish szeanrio i also Show a possible longtrade in my Chart. Good luck! Good Trades!

Former Analysis:https://www.tradingview.com/chart/GBPUSD/XtGNzbJj-LongTerm-1-2-3-Breakout-Chance-Target-1-6145/

Good things need time: Will the Pair beat its strong resist @ 1,5675? If yes then the pair could make a new HIGH @ the uptrend channels upper edge @ 1,6145.
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MaryJane MaryJane
a year ago
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mcpeacocks
a year ago
TP1 hit, expect a little pullback and bounce from various Ma's here
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