I am waiting for price to break and retest the red area, as we can see price has faked a lot of people out before by reversing all the way back up.. Waiting on confirmation before the short continues
GBP - BEARISH 1️⃣ The latest disagreements over the UK truckers’ access to Europe risk breakdown of the seventh round of Brexit negotiations. 2️⃣ A turnaround in the global risk sentiment extended some support to the USD's relative safe-haven status. 3️⃣ Tomorrow retail sales expect to print negative due to weaker BRC retail sales and average hourly earnings. ...
GBPUSD is constantly testing the 1.3150-1.3180 resistance level for the last two weeks. Each time price has pulled back a little after testing the resistance. So far, the resistance remains intact. But repeated attempts to break the resistance indicates that a big move may occur very soon. In my opinion, buyers should wait for a strong break of this resistance...
The counter is forming a descending triangle at the high. It made a fake-out at the resistive trendline and then sold off only to form a bearish flag pattern in the near-term. We expect the bearish flag to break down and the price to move to the short-term support zone.
Hi Traders! It has been a while I posted here. I caught a bug around June so I had to take a break to get proper treatment and heal myself. Remember guys! Your health is your greatest wealth. The market is going nowhere, it will always be there as long as the human race continues to exist. Trading has to deal with mental and psychological wellbeing. When you're...
OUTLOOK: BEARISH BRITISH POUND GROANS ON PROLONGED BREXIT NEGOTIATIONS
sell gbpusd 1.310x-1.311x SL 1.316x TP 1.30300 TP2 1.29500
Basic short from previous SR continuing with bearish correction. R/R 4.64 Follow for more setups.
📉Potential trade idea 💡 Sell GBP/USD @ 1.2991 🎯 Target Profit 1.2755 🛑 Stop Loss 1.3116
daily reversal candlestick. break of 1hr trendline. entry on retest.
Many times Bearish Engulfing failed, but how's about this time? Very hard to make the decision on, but I will try one more time, why? The pricing is rejected when it reached the Supply Zone, maybe it's just the corrective wave, but when combining with the tick-volume, I think we have to do do something at the right time, right place. Just set up a short position...
For GBPUSD I see price has tested a weekly decending trendline, its been rejected and currently stopped at resistance I believe price will break the current trendline and retest an area near to it before falling to its next support level (I actually think this pair will just bomb without much of a retracement but will have to wait and see)
After touching the resistance line, I expect GBPUSD to decline to the level of 1.24. Sell@1.2920. Take profit at 1.24 and put Sl at 1.3024
The counter is currently in a short-term bull run. It is now consolidating within ranges to form wave 4. We expect the pair to move to the support zone (marked in the chart) and then head higher.
Here in GBPUSD, i'm focusing on selling with 80% chances of STRONG SELL and by this market remain in its correction to have a trend for the next bullish move..... Market close on it resistance & the down gap is expected for coming back in correction stage. WELL, if it break the resistance zone then we've to focus on buy till its strong resistance.. I HOPE THIS...
GBPUSD has all the perfect reasons to make a sharp move down. From here I will look only for short entry setups on a smaller time frame and ignore any move up. SELL from 1.2810 with SL 1.2900 and TP 1.2700, 1.2600