Completed Butterfly Pattern Price action is inspired by the real life incidents. Any news or happening will result in great downfall or uptrend. As we know manipulations are going so I cannot ignore the invalidation of analysis. Sell : 1.30095 - 1.28432 Best Entry : 1.29679 T/P : 1.27455 | 1.25959 | 1.24732 | 1.23527 StopLoss : 1.32079
Open SELL order - 1.3069 SL - 1.3113 TP - 1.2867 RRR - 1:4.6 Adding new SELL order Reasons - breakout sell level at 1.3068 and retest it
As I mentioned in last weeks post, we are currently testing that 1.29-1.30 support. This area is going to be extremely crucial in determining what comes next but I am expecting a retest of the 1.305 ish price mark before a continuation of the downtrend. The MACD bearish Divergence is now currently confirmed signaling the just now start of that downward trend. The...
I opened short position on 1.2866 and it SL is 1.2886 - 20pips. Short stop and good volume can be used. TP - 1.2710. Far target but interesting. So RiskRewardRatio very good - 8.65 but i think that it is not achieved simply. Lets try catch profit :)
GBPUSD is on the top of his wide flat. He make 1 impulse. Make 3 correction movements with 3 update of correction peaks. And it ready to go lower. First target is second wave - 1.3008. Next targer is 1.27. So SHORT it RIGHT NOW!
USD will be hading up especially with the trade war. Look to to take profit at 1.3600 on the daily. Just sharing my trades. This is not financial advice.
On the 4hour chart a bearish gartley has formed on the GBPUSD. There was an extension of the D leg, and it might extend a little before dropping. I believe this is a good place to place short position. Look for bearish evidence before taking this trade. Cheers
Hello Traders, This pair needs more time to correct, watch price action at the top of the continuation pattern. I need to at least see overbought conditions on RSI. I will manage to sell as much high as possible. Good luck! Cheers, Jonas
short GBPUSD @ 1.2995 for a target below horizontal support. Cable has a lot of downside potential and if the dollar gets cracking then it would be easy to see 1.29.
Price unable to break resistance at 1.3 Still bearish on this pair till 1.28 Trenches overhead will push it downwards.
Hello Traders, Price still respecting the upper trend line and is rising correctively. Watch to sell as much high as you can. Good Luck! Cheers, Jonas
FX:GBPUSD GBPUSD posdibile rejection from D1 TREND LINE!
Decision on the UK's governments appeal of the Supreme Court decision is coming out today at 9:30am London time and expectations are crushing the GBPUSD
Good Morning, Afternoon and Evening Traders A week later from my post "Sterling heading for 1.21 level?", the cable has yet again pushed into the very low levels after UK Prime Minister Theresa May stated last week that triggering article 50 would mean the UK not having access to the single market. This wasn't great news for the cable at all, and consequently...
Good Evening Traders, The pound has broken through key support and resistance, now at the sloping support level. After the key S/R being broken, we had a retrace and then a continuation of the down trend. I believe the sterling now has the momentum to head back to the 1.21 level, previously seen post October flash crash. With only months before Prime Minister,...
sell @1.26326. There is nice upside protection from daily lows asking as resistance around X. Also this is a good opportunity to hop on the downtrend for trend following traders!
GBPUSD faces very good resistance from 1.3240's to 60's, and we got bearish confirmation in resistance zone. So its good chance to initiate short trades in GBPUSD, but please check your rules and stops before entering. The above is just my idea to trade this GBPUSD pair. Risk Reward is also very much in our favour. Happy Trading !