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Point of Risk-Reduction: 1.34120
Stop-Loss: 31 pips
Risk: 0,5% -1%
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After confirming 1.36 as very strong resistance, GbpUsd has continued its downtrend and has broken also under 1.3430 support.
Now the pair is trading exactly in this support (now should act as resistance) and the recent rise is also a flag pattern.
I expect a continuation to the downside for this pair and 1.3 could be bear's target
Only GbpUsd back above 1.36...
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What we see on GBPUSD is quite clear and nice, price had strong impulse to down and CP back to different areas as you see on the chart determined perfectly. preparing to make new lower lows we will have another entry after more pressure to down...
Finally set our 1:5 order and go with bearish trend ...
As you may know, tomorrow we have IMP NEWS for POUND...
The GBPUSD short-term buy strategy at 1.3435 incurred a small loss. Market is turning negative, and I suspect we may see 1.3300 before we will move higher.
Strategy SELL current 1.3395- 1.3400 window with stop-loss 1.3439 and profit at 1.3317.
📉 GBP/USD | Potential Downward Movement
💡 Sell Limit Order @ 1.34373
🎯 Target Profit 1.33556
🛑 Stop Loss 1.34779
❌ Do not risk more than 1% of your account on each trade
The price found bears around the 50% Fibonacci retracement level where it could lead to a breakout of the bullish channel to the downside. A higher correction could be...
Hi everyone this is my trade set up for the GBP/USD for the new week ahead
GBP/USD is still in a downtrend so i am expecting a pullback to the order block zones and will be looking for a sell trade
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk...
With a little bit of Dollar strength this is the perfect spot to sell GU. It broke out of the support and came back for a retest and if it hold if will turn into resistance. I will be waiting for confirmation which could either be a 4hr bearish candle or dollar bullishness. We'll see. let me know what you think in the comments please
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Though Monthly is Bullish our Weekly & Daily are bearish. We also draw a trendline where the market as continuously respecting, if we see a break of structure we can expect a breakout on the trendline and continue to ride with this bearish...
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Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
So im looking for a short on GBPUSD from around 1.36000.. Id expect to see price pull back from here even if its just short term, ill take the trade move stops and hopefully swing back towards the support of 1.34400
We are now starting to see GBPUSD breaking through that major daily support level so we can hopefully see price make some huge moves to the downside, my next target I will probably take another 20% profit!
Price has started rejecting the trendline on the 4h, the higher high expected to form at 1.42300 is invalidated. im now looking to take this down to 1.34180 (sl size is only for my account's risk allocation. the correct and safer placement is at 1.38000)