15Min Descending TriangleLooking for a breakdown below support, a retest of the previous support now turned resistance before entering a short to continue down to previous higher timeframe lows
Cableshort
GBPUSD possible sell for 24th March 2022With recent correction nearing 1.3300, GBPUSD might be heading back to the target region displayed in red.
Technical aspects:
1- Most recent lower trendline broken on H4 Timeframe
2- Harami on Daily timeframe 23rd March 2022
3- Inverted cup and handle on H1 timeframe
These technical aspects are sufficient evidence for Cable to be heading lower today towards 1.30xx.
Best of Luck, Ensure proper risk management, Happy trading :)
GBPUSD - Inverted Cup and Handle - Targets ApproachingAs elaborated in my previous article regarding the bearish picture of GBPUSD, Cable is entering its target region that extends as far as 1.2700.
Call it a turn of events owing to the Russo-Ukraine conflict, but cable is following the analysis from my previous post tagged in this article.
No sign of reversal spotted so far, so we are good in short position!
Day traders attention!
Look for daily pivots and weekly fibonacci retracement for potential stop loss prices and daily targets. We are good on siding with bears so far. Avoid long positions.
Ensure proper risk management and manage lot size accordingly.
Happy trading and happier profits!
High Wave Pattern good short opportunity high wave pattern reveals in the financial markets to indicate a reversal, in this situation its a bearish pattern, put your TP level at 1.3472 or above a little bit for short term profits, you can also hold your position for long term as well.
Sell GBP/USD After Support Level BreakoutSell GBP/USD After Support Level Breakout, price formed a head and shoulders, use fibo levels to find your sl and tp levels
SHORT GBPUSD STRUCTURED downtrend, the structure of the daily downtrend would suggest the continuation down we are holding the previous low and testing it as resistance so taking the short based off the rejection there and basing the TP off the channel formed after new low was created but any break of that would be a case of looking at the volume slowing down. entry point has confluence as you can see its retesting the low and also the golden pocket - all looks good
GBPUSD ShortMy analysis for the next 48/72 hours. A break below and retest of 1.33000 will indicate a continuation to the downside, and so, I will be looking at short trades from here down to 1.32000. Second plan will be to look at the exhaustion phase (retracement) of the push phase of the market to complete. Therefore looking at price to break above 1.33600 and retest 50% retracement level and/or 61% @ 1.34000/34200 before looking at price action, patterns and processes to take the trend down to 1.32000. Any price action above the 78% retracement level and specially 1.35000 my bias will change to a bull trend bias where I will be looking at trades to go long.
DYOR before placing any trades. Analysis are for educational purposes only.
GBPUSD CABLE SHORT SWING (LONG TERM)- 2 potential setups outlined (only entering if there is significant price action confirmation on the lower time frames)
- Using appropriate risk management as always
- Patience here is key
GBPUSDGBPUSD is neutral. Currently consolidating on the 15 min. Yellow lines are BOS levels. Monthly, weekly, and daily are short.
GPB/USD Short Setupab=cd to 0.618 FIB.
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Remember in a risk-reward equation, we can control only the risk, do that and you will be fine. It's a game of probabilities :)
What is Cable upto?The previous week we saw prices go higher to clear liquidity just like analysed in last week's idea.
Price will now resume the downtrend.
GBPUSD Sell follow upIf you like this post and my other posts please give them a like as it lets me know how useful these are for everyone
GBPUSD Sell ideaIf you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
GBPUSD Short ideaIf you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
Pound/DollarThese are levels that I'll be keeping an eye on when dealing with Cable, and I'll revise as price action progresses.
I adapt to the change in money flow.. I'm usually neutral, but I'm bearish on this one.
my gu next levelGu played the trend as expected back to 137 region , i would be expecting a bounce from here for a deep of correction to 132 maybe...a break above 13750 can change the trend back to bull
Aug. 13, 2021 - CBL, more than words.Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
GBPUSD ShortExpecting cable to be bullish going for a liquidity hunt before dropping to the lower zone. Will keep an eye on price action
Selling GBPUSD+ Retail sales
+ PMI data will
+ Brexit trouble
+ Delta variant high cases may create new lockdown measure
Potential Sell On GbpUsd Watching GbpUsd for a potential sell between 1.4130 - 1.4140 to take out the below Sellside Liquidity. If we break above this level we can look for a run above the highs above.
GBPUSD SHORTTechnical Analysis for GBPUSD on the 4H Timeframe.
Mixed feelings for the Cable for the week ahead.
As expected, Cable went to retest the 1.41800 area before heading down on Friday to the 1.41000 area.
My Personal BIAS on GBPUSD is BEARISH but ONLY after taking out the buy stops resting at the 1.42000 area, before crashing towards the 1.40700 key level.
If I will see a rejection from the 1.41700 level, I will consider it as a strong confirmation that the Bearish OB resting at that level is a valid block and I will take a sell.
If not, we will wait and take a sell position from a higher level above 1.42000.
As a first Take profit, I will look for the 1.40700 level. The second TP I will consider the GAP that needs to be fill at around 1.40000 level.
It only depends on the strength of the greenback.
It will be an interesting week ahead.
Please like, share and subscribe if you find this idea useful.
What is your opinion on the CABLE for the week?
Remember: THIS IS NOT FINANCIAL ADVICE. THIS IS ONLY A TRADING IDEA. Do your own research. Use proper risk management. Never trade without a Stop loss and open positions accordingly to the size of your trading account.
GBPUSD History always repeats itselfHistory always repeats itself, especially in the markets. This isn't the end of Cable yet, but it will come.
One more spike to the upside to take out the shorters and way down we go.
Sell, GBPUSD 1.40000 Rejection. Reversal before long.First-time publishing, South African, been trading for a few years. Please like, share, and follow.
Daily - Double Top formation at key level 1.40000, rejection.
4hr - Shooting star candlestick - this is most effective when formed after a series of 3 or more consecutive rising candles with Higher Highs are formed which is a strong confirmation for a reversal.
1hr - Candle rejection at 1.40000, closed bearish and below previous candle.
Current Sell at 1.3950. SL secured. Trailing stop.
Sell Stop set at 1.39800 and TP will be 1.39350.
