Looking for GBPUSD to retrace a little bit longer. It was well over due after a 250 pip daily close, last time GBPUSD even got close to that was back in January. Either a serious momentum shift or a planned stop run on all long term short sellers of cable. You never know unless we see continuation. I have noted key areas of value on Gu and will be looking for buys...
Bearish Market making LL and HL. Maintaining structure. DXY bullish.
looking for an entry during London session.
sell stop place below consolidation
target 1.26759
This is my 500 pip analysis prediction on this pair. Ad you can see this is on the daily chart. Breaking that edge next 2 weeks reaching our target wih the help of NFP.
GU Back to support zone--
DXY hitting Top resistance--
its good RR for GU longs here --give it a generous sl if it decided to go for stop hunt and move stops to breakeven as soon as you feel you are in comfortable position---
saving your capital is the goal--profit will come anyways :)
GBPUSD potential LONG.
BREXIT summit next week (Wed-Thurs) Potential fake out out of TL into protective support on previous highs. It is not valid unless we see buying in this area, if we dont see buying in this area. its invalid. Purely an idea. We will see!
Price broke down 1,3183 level — it's key Sell level, because price bounced from it so many times.
I think near 1,3183 is the safest place to open Short with low risk. Goal will be 1.3048 (before next key level)
P.S. Push Like and Subscribe if you want to see more signals in the future
RSI shows divergence on a 4H timeframe, price makes higher high while the indicator made a lower low from the last move up,indicating a downtrend in place from now on or atleast untill the trendline that it has been respecting.
Price also returned back from a major reversal zone and PA shows strong down trend, however the bears may get exhausted for a bit and...
4HR
Enter this trade today on GU
Position already secure with a profit stop loss
if we can break the support zone its possible
that we gain huge momentum to following short
daijumm... what do we call this candle.... tombstone
:rip:
failed break and close about MA. shorting this and targeting 1.30 and 1.27xx with a trailing stop
