Ichimoku_Trader
Short

GBPUSD Bull trap almost printed (I hope non of you got caught)..

FX:GBPUSD   British Pound/U.S. Dollar
879 26 32
4 months ago
..
4 months ago
Comment: If you decide to take a position, it should be a sell not a buy please
4 months ago
Comment: this chart is difficult so if you have taken a position short, have a really good stop near by until we see how and where it will close. Then we can decide where and how to go..
4 months ago
Comment: Oh boy...
more confusion .. a possible bear trap was set
Let's let it run a bit and I'll update it
4 months ago
Comment: This chart was updated ..
Pressing the like button encourages me to continue publishing my ideas and is highly appreciated...

I have a section on my page under the tag "Educational" that contains a lot of information on my trading method, please take sometime to read it...
willzhang6
4 months ago
Thanks, but where will the price finds support?
Reply
Ichimoku_Trader willzhang6
4 months ago
at TS
+1 Reply
xadiq
4 months ago
Just from the chart, does this mean there is a strong possibility that price will drop further, and as some known analysts from CNBC, Bloomberg, Nomura, etc are expecting this pair to close at 1.27 (or lower)?

Given BoE is expected to cut rates (if not this week, then August), will this drive this pair even further down?

I guess the same can be said for GBPJPY.
+1 Reply
Ichimoku_Trader xadiq
4 months ago
we are going down UNDOUBTEDLY
the question is when
Price going across TS is an event .. so tomorrow, we will see how it goes
+2 Reply
Mavarick22 Ichimoku_Trader
4 months ago
Whats is TS?
Reply
Ichimoku_Trader Mavarick22
4 months ago
TS = orange line
Reply
rist
4 months ago
hmmm where can we get in this short =)
+1 Reply
Ichimoku_Trader rist
4 months ago
I love the question
+1 Reply
xiiimik
4 months ago
I guess USDJPY bull trap as well. What you think?
+1 Reply
Ichimoku_Trader xiiimik
4 months ago
no
+1 Reply
xiiimik Ichimoku_Trader
4 months ago
But I think USDJPY should retrace more before trend resumption to around 103,2.
+1 Reply
Ichimoku_Trader xiiimik
4 months ago
why not
+1 Reply
1Percent xiiimik
4 months ago
Check the weekly. Facing a resistance at the moment. Can definitely fail here. Above 105.50 it may run.
Reply
xiiimik 1Percent
4 months ago
Confusing... You mean it will retrace firstly to around 103 then go up to 105.50?
Reply
1Percent xiiimik
4 months ago
I'm not analyzing where it can come down to right now. All I am saying is that while its under 105.50; the overall long term trend is that it is still bearish.
+1 Reply
Ichimoku_Trader 1Percent
4 months ago
tomorrow it will have to show its real face .. or maybe after tomorrow
let's see .. but that bull trap is very bearish
Reply
nicholas_myq Ichimoku_Trader
4 months ago
actually, how to use the TS trading level? can you give us a lecture on it?
thanks,
Reply
Ichimoku_Trader nicholas_myq
4 months ago
I already did
check my slides please
Reply
xiiimik
4 months ago
Tomorrow - interest decision on GBP. Will you close position before it?
Reply
Ichimoku_Trader xiiimik
4 months ago
We'll see how it develops
Reply
RajveerSingh
4 months ago
till which level it will fall sir ..any predictions?
Reply
Ichimoku_Trader RajveerSingh
4 months ago
Since we are above TS, it should not fall. Since we had a bull trap it should fall
So now, I'm still not worried about where it will fall to I'm just trying to read where it will go
Reply
boyzagape26
4 months ago
well said thank you for the update...........God give you many years i am blessed.
Reply
Ichimoku_Trader boyzagape26
4 months ago
thank you
Reply
DenizAsliturk
4 months ago
May i request update for GBPUSD? Thank you.
Reply
Ichimoku_Trader DenizAsliturk
4 months ago
off course
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