GBPUSD short opportunity on a possible pullback down to 50% fib level
GBPUSD is breaking below the trendline on hourly charts, On technical analysis ground it showing the weakness after a great run up, It can be a exhaustion after a good pull back so losing strength and momentum at this point of time so the weakness will not continue for a longer time and after taking a support it will get ready for the next run up in uptrend. For...
Hey traders, Right now i am flat on GBPUSD. But on the H1 charts if price reaches the upper green trend line at the orange shaded area. I will wait a price action confirmation signal before entering short! Simple price action and technical analysis.
GBPUSD lower highs and pullback into the 618 fibo may give us an opportunity to short this pair.
GBPUSD Short sell opportunity at play this week waiting for entry signal
We can already see price testing support area @ 1.29285, as the markets closes for the weekend. What we could see during the opening of the London market session is either price re-testing the support area, so the big boys can stop hunt those who are holding their sell positions over the weekend, then a complete bullish movement. Or for price to continue on the...
Hey traders, after today's volatility due to the FOMC interest rate decision, price has started to calm down. On the H1 and M15 charts for GBPUSD I see a bearish flag pattern, which is a continuation of the bearish move I saw last week. We have a pinbar for price action to confirm sellers coming in, with a follow up down move. The stop loss is set just above...
TP- 1.27739 SL- 1.28480 DIVERGENCE ON THE 1H UPTREND
At the moment, we're looking for price to give us more downside to confirm the leading diagonal we forming into wave C. At current levels, we can see price correcting the down move from 1.2567. A sell setup will be confirmed if price breaks below and closes below the correction. Let's be patient and wait for clear confirmation.
see a sell opportunity here, the pair seems to have a double top pattern formed on the 15 minute chart, we took a position probably a little bit too early but we will play it out, usual just keep stop loss set up and take profit there too, at work and will update afterwards!
I entered this trade off the back of a short, seeing it get rejected by support at 1.23013, a big part of trading is realising when you're wrong, its something that takes a while to overcome and just like the last trade I can admit defeat on this day trade too, were playing for the bigger picture and looking for that longer term entry
-Short GBPUSD near 1.258 -Be careful with FOMC and Brexit news.
Long & Short As Per My Analysis Chart or You Can Also set Own Risk reward. Let see what Will be Next Move on .Risk Warning- I m Not a Financial Advisor This idea Only For Educational Purpose Only. Thank You !! Dragon Club .
let price comes to my bank level zone and enter sell with me
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...
The long term vision is very bearish here if you see this.