GBPUSD - Cable has a nice zone which was strong 3/4 times as a support, broke through once and now retesting. Potential to short straight away or wait for the retest.
Here we have a chart EXACTLY like the EURUSD chart. IN ORDER TO ENTER SELLS, we want to sell any pullbacks that arise on this chart and enter in to our sell zone. More risky trades can sell any pullbacks period. Any one of these rallies that doesn't break our top on the chart can be sold. We are bearish for this pair. Those with any entry feel free to get in-...
GBPAUD have enough strong to continue his descending trend and reach the bottom at 1.63 GBPUSD will support it caused by a stronger USD it also have a positive swap that help the trend
Key support of 1.295 broken Which make it a resistance zone now. Will be bear bias and look to short upon retrace. Looks like the only way is down. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors....
i look for short position for this pair, either using 2618 strategy or shark pattern. let's see
Hello there. My sentiment is keep on bearish movement based on particular reasoning. Below is my BIG WHY Selling GBP/USD is a good idea. 1) Price make a ascending triangle. It shows that compression had been taken a long time period 2) Price trigger the supply area which is where the cumulative big order placed 3) Price break mid BB after bouncing Supply Area 4)...
GBPUSD Short Setup and Long Setup Resistance: 1.3000 - 1.31000 Support: 1.2950 - 1.2940 This is not investment advice
FX_IDC:GBPUSD shaped the bearish wolfewave which appears to be a good opportunity for sell entry with high profit/loss risk ratio even at conservative TP1. RSI divergence and rising volume at point 5 are confirming the peak formation. Opened 4 shorts at 1.305x/6x with SL 1.3141 and TP1 at 2-4 line crossing / TP2 at 1.2643 Tomorrow will be an interesting day as...
We wish that our analysis could be helpful on your trades. Here is an update for GBP/USD, envisage for PRICE BREAKOUT. It would be a great idea to SELL on 1.30053 and place your TARGET at 1.29654
Hi there, I don't usually follow chart patterns, but this one looks pretty decent:)
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.
Timeframe: 4H Simple ABCD movement, caught the short on the C leg, in a bearish fib zone, with a BRC of a broken support turned resistance. Broke through a bullish TL on this timeframe, which indicates bearish movements. Took out a previous low which should now act as resistance.
Buy above 1.3006. Stop loss at 1.2954. Take profit at 1.3109. Reason for the trading strategy (technically): Price continues to drop towards our buying area. We prepare to buy on major support at 1.3006 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, bullish divergence) for a bounce up to at least 1.3109 resistance (Fibonacci...
GBPUSD faces a Bear storm as Friday's action forced the pair under the 100 MA for the first time since June 8 ,2017. With Sunday night's pullback now reversed, price looks to be sliding back to the 200MA(4hr) with strong support however temporary it may be, at the 1.2976. The June 20, 2017 price low 1.26036 would be next target if price continues to slide beneath...
Buy above 1.3006. Stop loss at 1.2954. Take profit at 1.3109. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy on major support at 1.3006 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a bounce up to at least 1.3109...
GBPUSD Sell to 1.2940 min (support) along with Trend. MAs have not crossed, still bearish. Support Confluence with fibs Anticipating a move up with DXY or more bad news for the Pound Trader sentiment = buy Contrarian confirm We shall see. Non-aggressive movers will wait for confirmation of a close below support (blue) line or entry with confluent MoMo.
Decline from highs expected to continue this week with selling pressure on GBP after bank of England statements last week , retesting 1.3150 will give good short opportunity .