Hey tradomaniacs,
welcome to another trade-setup!
Notice: All trades ahead the FOMC-meeting involve a higher risk!
GBP/USD: Daytrade-Execution
Market-Sell-Order: 1.41670
Stop-Loss: 1.42055
Point of Risk-Reduction: 1.41420
Take-Profit: 1.40790
Stop-Loss: 39
Risk: 0,5% -1%
Risk-Reward: 2,30
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starting with the monthly time frame we are in a clear downtrend and this trend has been broken.
so we expect that the price will continue going up.
the double bottom formation is completed and we expect that the price will pull back to test the neck of the "W" formation and then going up.
that aligns with the string area in the monthly time frame that is treated...
GBPUSD Sell Setup
- look for short term sell setup
- Expect DXY short term up move then high potential one more down to break the low
- look for GBPUSD sell setup from range level 1.41200
- targeting to break previous structure low towards range level 1.40600 or below
GBPUSD Weekly Forecast
- Expect DXY short term up move then high potential one more down to break the low
- look for GBPUSD sell setup from range level 1.41200
- targeting to break previous structure low towards range level 1.40600 or below
GBPUSD Has Been A Beast Of Late But That Push Down To Trend Line Indicated Some Sellers Intent.. Looking For It To Test The Trendline & The Lows It Created Before Making A Push Up If Any.... Hoping The News Don't Mess Up Things
GBP/USD went up quite strongly over the last few days but yesterday, the bulls
took a breather. The rally stopped at a familiar resistance level and based on the
current price action, there is probability of a further drop.
The short-term support at 1.4105 needs to break for the downtrend to accelerate.
If this weakness continues, selling GBP/USD@1.4122-1.4150...
As we can see in the chart that GBPUSD has rejected its uptrend and now falling below its trend line which is giving a strong indication that the market will fall further more to the downside.
GBPUSD Sell Setup
- aim for short term sell will do as GBP might still have potential one more up move next week
- first targeting level 1.38900 then 1.38600
As long as price hold below 1.3980 we could expect price to continue going down.
Price holding below the descending trendline for now so will try to forecast the movement with elliott wave theory.
We're now on the process of wave-3 and this wave will consist of 5 subwaves.
This wave-3 could go down towards 1.3660-1.3600. But in order to reach that, price need...
GBPUSD Weekly Forecast
- Expect DXY retracement down this week before the continuos of up trend
- look for GBPUSD sell setup from range level 1.39300 - 1.39600
- targeting to break previous structure low at level 1.38000
- may consider swing trade target at 1.36800 or below
This is an educational + analytic content that will teach why and how to enter a trade
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
Hello my friends,
Another trade ideas for today is GBPUSD pair.
As you can see price recently broken below the ascending trendline. It also bounce back from strong resistance at 1.4000.
As long as price failed to closed above 1.4000 on a daily closing basis then we might see further weakness on GBPUSD.
Right now price retesting the broken trendline and it also...
