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D-GBP

GBP/AUD - Short Hey Guys, GA is looking great from the higher timeframes for a longer-term move lower. I have just been tagged into my position for the short, the at least complete to the lows of the larger flag. I took this based on the lower time frame price action of having the first push and flag from the third touch of the larger structured flag. In this breakdown I explain: Full top-down analysis Why I have been away for a while My gameplan if I was to be tagged out for a loss my profit levels and management plan Hope you had a great week all! As always, if you want me to break down a pair then send me a message.
Short
by HarrisonForexx
GBPUSD: Update! Spotting False Breakout 🇬🇧🇺🇸 If you remember, last week we spotted a structure breakout on GBPUSD. The price broke and closed below a daily key level, and for us, it was a strong bearish clue. However, it turned out that the breakout was false. After a violation of a support, the price was accumulating for quite a while and managed to return back above the broken structure and also violate a falling parallel channel to the upside on 4H. It looks like the market maker is playing with our expectations here. Adjusting my analysis, now I am locally bullish biased and expect a local bullish continuation. ❤️Please, support this idea with a like and comment!❤️
Long
by VasilyTrader
19
GBP/NZD AnalysisWelcome back! Please support this idea with a LIKE if you find it useful. *** GBP/NZD - Price is currently rejecting a very strong structure of support and we could see another push to the upside. We'd like to see a move back down to support for a clean long entry and will look to take profit right before the highlighted resistance zone. Do you agree with this analysis? What are your thoughts? Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
3
Detail USD Outlook in Price Action Analysis (GBP, EUR, CAD) Hi everyone: Today I want to dig deeper into a few USD pairs that may shape up for a very good bullish move in USD in the near future. I narrow down the 3 best potential pairs, EURUSD, GBPUSD and USDCAD. EURUSD GBPUSD USDCAD Lets take a look at each of them, and see my analysis, forecast, and entry potential on all of them. As always, understand that price needs to develop into the right price action before entering any live trades. If it does not, then no entry and move on to other opportunities. Always have your own plan, management, entry, SL, TP that fits your trading perspective and expectations. Feel free to ask me questions, or comment/feedback. Thank you
by jojofang0901
38
GBPNZD is facing bearish pressure | 10 May 2021Prices are facing bearish pressure from horizontal swing high resistance, in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down towards 1st support in line with horizontal swing low support which coincides with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. If prices push up further, prices might face resistance from horizontal pullback resistance in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement. Stochastics is facing resistance from 90.29 level, potential for further downside.
Short
by FXCM
GBPNZD is facing bearish pressure | 07 May 2021Prices are facing bearish pressure from our short-term descending trendline resistance, horizontal swing high resistance as well as 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards horizontal swing low support and our 2nd target can be the Fibonacci confluence area of 78.6% Fibonacci extension as well as -27.2% Fibonacci retracement. If prices push up further, prices might face resistance from 50% Fibonacci retracement and 161.8% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices.
Short
by FXCM
3