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
TP1 hit, expect a little pullback and bounce from various Ma's here
Reply
Thx for sharing....here is my view!
snapshot
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.
snapshot
 
Reply
snapshot
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out