I think we're still selling GU. Price is reacting on that H1 OB. Stop loss should be slightly above the OB. Potential targets are indicated on the chart
I think GU is in a major correction before it goes up further sell ar 1.3889 TP1: 1.3927 TP2: 1.3793 TP3: 1.3635 SL: 1.3925
in the picture, you can see my analysis in this case I have 2 confirmations and some market structures. for confirmation in zone blue this indication for price action and think price bearish and make HL in the zone, in fib retracement in between 0.5 - 0.618. saw in D1trend bearish
GBPUSD has broken market structure on the weekly, therefore candles close below that area confirms sell. Sell GbpUsd @1.3660 TP1: 1.3620 TP2: 1.3563 TP3: 1.3503 SL: 1.3710
in time frame Daily its down trend in line blue. in H4 i have zone, H1 signal retest and i think price down in ration 1:2 in this case
HELLO TRADERS, We have have reached a strong resistance ZONE, so reversal is probable. we are now looking to short,
Last week GBP was rising because of weakness of USD. We hit 1.40 resistance level and fell below. Last time when this happened GU fell to 1.3685. I will sell this with target on channels bottom on 1.38. We're waiting for high volatility next week referring to GDP and a lot of bad news for GBP. Feel free to short this one, but set your stop losses above 1.4020. GL & HF
Short GbpUsd at 1.3895 stops above 1.39600 Don't miss out on this short opportunity, this will drop all week long. Use proper money management.
1. Market in a channel 2. at 4hr major resistance 3. double top created 4. Bearish engulfing on second touch of DT 5. RSI divergence
Daily closed as a shooting star, we are going to see a roll off into 1.27600 to clear off retail longs.
Entry parameters for a short entry is based on the following; 1. Price action pattern (double top) at resistance zone. 2. Confirmation of bearing engulfing candle on 1hr time frame. 3. Confirmation of divergence on RSI
I entered a sell on Friday on GBPUSD to sell from 1.32974 for about 227pips. *Please do your analysis and share your thoughts. Thank you.
Hit resistance and closed below, rollover to weekly support and lows.
Wait for any channel breakout. Invalidation 1.31744