This is good for at least 500 pips. ... and the Weekly;
GBPUSD has started weakening as its approaching weekly resistance, If a daily candle closes below the daily structure then we can be looking for a short opportunity after the restest
ALL ANALYSIS ARE MADE USING ONLY PRICE ACTION, NO INDICATORS. MULTIPLE TIMEFRAMES ARE INVOLVED BEFORE TAKING A TRADE. ==> FIND THIS USEFUL?: LEAVE A LIKE AND FOLLOW ==> OTHER THOUGHTS?: COMMENT SO WE DISCUSS ==> PLEASE TAKE NOTE!! DO NOT SET LIMIT ORDERS. GET IN ONLY WHEN YOU GET THE GO SIGNAL FROM PRICE ACTION
Tight stops should be sufficient here - Stop Hunt.
YO YO YO We back baybbbbeeeeeee! how yall doing, hope we started the week off on a blue note of course. If not, we still have the rest of the week to get the gainz in. Lets jump straight into this one. So GBP had a drop today but the drop was extended through the slower period of the day, around 12:30 pm to be exact (my time). I don trade past 11:30 just to stick...
A sell trend sited on the daily and now the pullback is complete the price might go straight to the support zone at 1.27639 below and might even break further depending on the strength of the selloff. Let's see how this goes!
GBPUSD is printing a failure setup at the previous 1HR Structural Point This makes our trade easy. Buy Above the structure, Sell below the structure. This now left us with the simple task of defining a trend. Up or Down from a lower timeframe. Sell is the High probability trade!
TITLE/(DATE)- SELL GBP/USD ASSET- FOREX PLATFORM-MT4 ORDER TYPE- SELL LIMIT Time Frame-4hr ENTRY PRICE 1- 1.30980 (pending) ENTRY 2- 1.31280 (pending) STOP LOSS- 1.31480 (50 PIPs) TAKE PROFIT 1- 1.30480 (50 PIPS) TAKE PROFIT 2- 1.29980 (100 PIPS) TAKE PROFIT 3- 1.29480 (150 PIPS) TAKE PROFIT 4- 1.28980 (200 PIPS) STATUS: 🚨pending 🚨
Currently, GBP/USD is trading at 1.3048. The pair is trading in a downtrend and broke the one month support level at 1.3065 to continue the same downtrend, as the price went below its previous support level, which is a clear indication of continuing the same downtrend. So, its first target price is at 1.2778 and the second target is at 1.2600. Follow proper risk...
I'm seeing a GBPUSD correction before more upside ?
Hello Traders! ------------------------------------------------------------- 🚀SELL Execution according to the market. ------------------------👇🏻👇🏻Look the running swing trades below👇🏻👇🏻 -----------------------------------------------------------------------------------------------------
Currently, GBP/USD is trading at 1.3102. The price has formed a head and shoulders pattern. The pair may start a new down trend if it breaks the support level and neck line at 1.3011, likely It is possible that the pair may rebound back after touching support levels. If the pair starts a new down trend after breaking the support level and neck line, then its first...
Basic short from previous SR continuing with bearish correction. R/R 4.64 Follow for more setups.
FA: Britian have failed to strike a trade deal with the USA due to Covid and that being a priority currently- however, this was something that they were relying on after Brexit. Therefore, there may be downward pressure on the Pound. Response to the outbreak was rather lackluster and a Brexit deal is looking more unlikely with the EU prioritising their response...
Price created a lower high with a huge rejection wick to the last high. Candle closes are below the .618 fibonacci level so i will look for short positions in lower timeframes. The thing is when it reaches the last low it might not just break it. So i will try to go breakeven when it reaches there. Enjoy