GBPUSD have broken a strong Daily Rising wedge, possible for a further downside move to at least 1.3450, a further break below the 1.3450 level would mean more downside Please Share and Like if you agree! Disclaimer: this is only for informational purpose, not any form of trading advice ;)
GBPUSD has rejected from a very strong area formed in the last 5-6 years where it also hit the trendline and we believe that there will be a decline. The first area is at 1.31100 after will go to the area of 1.27800.
Hello everyone, The last up trend of GBPUSD was broken. In next week i think GU will start a new sale wave. At the same time i see a double top in daily period. I'll share the most suitable entry point with smaller time period on Monday. For now have a good weekend! If you find it useful, please support this idea with LIKE. In the analysis I published, 1H...
Hi Traders, Price will continue lower as expected and enter a correction. Wait for a corrective structure before taking any short positions. The correction is what will confirm further downside. Trade with care and always manage risk. Regards Wave Theorist
We are heading for the C leg of zigzag correction pattern... Alternatively the current move down maybe a wave 4 which will be followed by a bullish move up.
Gbpusd - H4 - Reversal down to 1.23 and lower
Heavy Confluence Area 1. Retest of broken H&S support 2. Creating possible Lower high for 3rd drop 3. Still respecting trendline as of now 4. At the 50% (high PRZ) WAIT FOR REJECTION IN THE AREA OF GOLDEN BOX FOR A POSSIBLE SHORT.
Looking for the market to break the significant trend line down and short GBPUSD
we looking to make 130 pips with GBPUSD. we've put our SL tightly at 1.26050 because the pair is Neutral at the moment. Scroll Back to view key support areas highlighted in Red. never risk more than 3% of your account on a single trade. Nasgoldpros.com
- Wait for a breakout on a side - it could continue it's uptrend if it breaks above 1.2485 level - or continue downward
Market may be readying to reak out of channel, sizeable profit to be made here. Chose your entry and exit wisely. May have a small leg up before breakout. For observational purposes, trade at your own risk ...
enter now for sell and with low risk close stop loss with profit target not more good luck
I think the upward impulse will continue and the pair will easily reach the strong resistance zone between 1.2600 up to 1.2655 and then starts to fall downward to 1.2400 down to 1.2270. So im gonna start a trade as per below setup: Entry point: between 1.2600 up to 1.2660 depending on price action or step by step entering. Stop Loss : 1.2670 Take Profit : 1.2400...
Very critical resistance here. Also cable has not been as strong as the euro. MPC meeting coming up and it will provide us with a clear direction. As of now its a low risk high reward setup