...GBP/USD TRADE SETUP... As you can see the price is making LL structure the trend is DOWN as like my previous idea on EUR/USD SHORT if you didnt seen it yet i'll give a link below... GU now retrace to the AOC where price is now trading near * Resistence * Supply area * Fibo 50% * Multiple rejection candle at the AOC Its a good place to short GU TP expexting...
Price have played as planned will be looking for 13650 or 13600 for some price action to develop
According to My Analysis GBPUSD Will Move in Downward Channel And Hit My TP Targets
1:3, short opportunity, anticipating push to downside given recent price action forming on the 1 hour timeframe
So we have a rather tall Asian range ...not particularly excited or expecting a solid break and reversal early london, might not happen until NY even. But then the levels I'm interested in above and below are the lines. Wait for break out of the range and then a reversal (M or W) at the level and then decide/find entries and execute. Big picture this is just...
#GBPUSD market is moving nicely as I predicted earlier. Let it complete correction up to mark resistance then there is a good short move.
Should be good for ~250 pips.
Selling to profit objectives that I established before in my previous post
I've been consistently changing my bias on GU over the last two weeks. now that we have failed to break 1.40 for the third time, the HTF is showing us a bear flag, looking for a 1-1 move that conveniently puts us back to 1.365 (TP2) so I'm forecasting price to move how I have forecasted. LTF ill look for the Chanel to be broken and retested before I take another...
GBPUSD Forecast for the rest of the week.! PA is looking great! I will be waiting a CE on the lower time frames! I cant wait!
The long bull run for Cable is finally starting to loose steam. As you can see, the last higher high (HH) was formed around the 1.3950 handle (-27.00% Fibonacci Retracement). It has also broken broken out of the parallel channel by forming a bearish engulfing and closed below the 1.3875 zone. A confirmation of bearish reversal can be attained with a break of...
Hello traders, GBP/USD is trading at 1.3942. The price is trading in upward resistance and support channel and moving towards resistance level. If the price rebounds back from resistance level then it can possibly touch its support level. So, the entry price for short will be 1.3966, if the price rebounds from resistance level and its target will be at...
... and sell it hard! Here is the 4 hr.
... or just dump it, unceremoniously. Less formal.
... hard!!! ... and here is the DXY
GBPUSD formed inverse head and shoulder on the hourly chart, but it was only a fake breakout the 78.6% fibonacci retracement. In my opinion the next support is between 1.34-1.345. I recommend to open short position on market price, with stop loss around 1.38, and Take profit around 1.34(Risk:1%). Trade at your own risk. Please don't forget to like, follow, and...