Make sure you do your own analysis GBPUSD - SELL (SHORT) Good pips.!
GBPUSD potential Short; trade entry ok. sl30, RR 2
Overall I'm looking for some relief on this pair given the recent rally. One potential opportunity to get involved on the short side of this pair could be a 2618 trade entry as shown on the chart. Definitely not the cleanest double top here, but matched with the bearish RSI divergence could be setting up a nice 2618 short. If price can come back up into that...
- BoE expected to hike rates, and bullish trend may continue till next week or so. - 2 Possible trades - Buy at .50 or .618 - Sell from top, however watch out for false break out and let's see if price shows a lot of bearish evidence. Trade with care Good luck!
rsi show a bearish divergence in 15m also is aoverbought in many time frame so need a consolidation about 50 pips 1.3350-55 will be the target so is 45-55 pips will make in 2 lot 1 lot that i will close full profit at 1.3370 (30pip) 1 other lot i let until 1.3350 and even more with trailing stop.
The Gartley patterns is now completed, wait for confirmation ...
Update of previous idea with Sell Stop & TP1 and TP2 on GBPUSD
Another divergence is taking place, possible big drop, last one was 110+ pips
Morning outlook - GBP/USD to reach upper edge of dominant pattern Due to release of satisfying data on the UK CPI, the Pound got an upside momentum that helped it to cross the monthly R1 at 1.3208 and then continue the surge. In the early Wednesday morning the pair even managed to reach the weekly R1. Most probably, until a release of information on...
Price hit daily resistance level and seems to be turning around. A Double Top formed and has broken support trendline on 4H which to me is a possible True Break to the downside. 5 and 10 MAs have also turned on the higher time frame, further signalling a sell. I have THREE reasons to believe price is selling. However I'm open to suggestions.
Nice setup and good opportunity to short GBPUSD. Keep it simple ! Cheers :)
Keeping on short positions and wait for impulse. Good luck!
Gbpusd Trading around 1.32 level where Strong top seems on daily around 1.3265 if hold below we can see a drop toward 1.2950-1.30. Advice to sell in range of 1.3200-1.3250 SL above 1.33 TP1 1.3080 TP2 1.2950
Big divergence is making it self visible.