Cable POV HANDS Price is under support.
closing bearish more than likely price will fill in the empty space 1.37981
Cable
GBPUSD - To Revisit June Lows?Lots of confluence pointing toward a decline on GBPUSD here.
Here we see the rejection of the identified resistance area, in line with the downward trendline. Price is holding well under the 200 EMA also. Price action on the last hourly candle also infers a reversal.
I don't really like this pair due to both GBP and USD being two dominant currencies - I find the fundamentals hard to predict! But here I think the technicals line up nicely for a sell off.
Stop loss can be placed above resistance at around 1.39400. I'll set TP at the 1.38000 psychological level. Nice R:R, let's see how it plays out! Let's watch out for 1.38800-600 though as this could be an area of struggle.
GBPUSD:looking for short entries.first target is previous lower low at 1.37900
second target is 1.37000.
GBPUSD - PREDICTIONTechnicals:
Weekly resistance
4hr resistance
Daily support
4hr 200ema falling to 4hr res
short term bearish fib which 61.8% has held once
short term descending TL awaiting 3rd touch
Would love another pullback to key psychological level 1.40 which also has multiple confluences would also give us a Double Top off the 61.8% fib and res.
GUpotential setup for next week, us dollar looks strong I can see the pound falling to the 1.38 area next week
where you can buy GBPUSD This is the second try for Cable to break the 2018 highs, and so far new prices above 1.4444 seems to be hard to reach.
That's why its important to have an idea about buying dips and at what low prices it can go so we can have a proper risk management.
15m Technical GBPUSD Long 1:8Expectations are a rise.
Instructions - if trade flat or has not moved in the next 2 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Entry: Market
SL: 1.38975
TP: 1.40340
GBPUSD - Key resistance + bearish divergences suggest a sellPrice reached key resistance #1 and currently holding below it.
H4 bearish hidden divergence.
H1 bearish regular divergence.
Looking for continuation lower.
If the first level marked on the chart doesn't hold, i will look for sell opportunities at the next key resistance above.
GBP/USD, no need for a parachuteAfter some long and dull consolidation, we are finally seeing some confirmations of a downside breakout. We are opening sell positions and aiming for the are identified on the chart
Potential Sell On GbpUsd Watching GbpUsd for a potential sell between 1.4130 - 1.4140 to take out the below Sellside Liquidity. If we break above this level we can look for a run above the highs above.
GBPUSD SHORTTechnical Analysis for GBPUSD on the 4H Timeframe.
Mixed feelings for the Cable for the week ahead.
As expected, Cable went to retest the 1.41800 area before heading down on Friday to the 1.41000 area.
My Personal BIAS on GBPUSD is BEARISH but ONLY after taking out the buy stops resting at the 1.42000 area, before crashing towards the 1.40700 key level.
If I will see a rejection from the 1.41700 level, I will consider it as a strong confirmation that the Bearish OB resting at that level is a valid block and I will take a sell.
If not, we will wait and take a sell position from a higher level above 1.42000.
As a first Take profit, I will look for the 1.40700 level. The second TP I will consider the GAP that needs to be fill at around 1.40000 level.
It only depends on the strength of the greenback.
It will be an interesting week ahead.
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What is your opinion on the CABLE for the week?
Remember: THIS IS NOT FINANCIAL ADVICE. THIS IS ONLY A TRADING IDEA. Do your own research. Use proper risk management. Never trade without a Stop loss and open positions accordingly to the size of your trading account.
GBP/USD, next destination: DownsideWe are waiting for the price to break the rectangular box to the downside and potentially re-test it before we open SELL positions for this one and aim for the tectonic plates
GBPUSD - SELL -08/06/2021✨Hi there Traders✨
I’ve done a thorough analysis on this pair and this is my outlook
I’m Bullish on this pair and I’m utilizing market entries to snipe these entries
I have used Trend-lines, S&D zones and Psych Levels to analyze this pair
Share your thoughts with me down below and any suggestions are appreciated
God bless you !
Slick⚡️
GBPUSD shorts after price action i am watching gbpusd around 1.39273 to short this pair back into recent lows we have multiple confluences in this zone
1. structure break and retest
2. 0.618 fib confluence
3. atr for today is around this area
if we see clear bearish rejection i will be looking to short this pair
GBPUSD - PERSONALLY BULLISHThink with the fundamentals we should be looking at buys here.
Just needs to break the resistance.
Cable Sentiments' Remains Bullish, But Pullback May Occur 1stHigher time frame sentiments for GBPUSD remains bullish. An immediate rise above resistance may likely be rejected which will cause a pullback towards the rising trendline from where another impulse leg will commence.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GBP/USD, all the way upAs it can be inferred from the chart, the price was able to reject the Weekly area of resistance. We are waiting for the price to drop a little bit more before we can open BUY positions and aim for the upside
GBP/USD - CRUCIAL Level in Price. Where are we heading?!🤔We are currently testing 1.42 yet again on this pair.
A potential long term double top formation has occurred. Will this, coinciding with the 1.42 whole level be enough to turn the tide on this pair and put USD bulls back on top?
Always zoom out to the HTF and mark key long term levels - then scale down!
GBP/USD, time to sell soon!As indicated on the graph, firstly, we are expecting the price to rise till the major area of resistance plotted on the chart. Afterwards, we will be looking for possible SELL positions and aiming for the target illustrated.
GBPUSD History always repeats itselfHistory always repeats itself, especially in the markets. This isn't the end of Cable yet, but it will come.
One more spike to the upside to take out the shorters and way down we go.
