GBP-USD-SELL
GBP USD : The beginning of a corrective downward waveThe pound's pairs consumed the positive news at the beginning of the week about an agreement between Britain and the European Union on Brexit. The pound dollar pair continued to rise and reached a resistance area , where the bullish wave really seemed to be confined, as the pair failed to close above the ascending channel , and the corrective descending wave appeared, and the pair formed a right triangle that was able to break it lower side.
The reason for this decline is due to the fading hopes that prevailed this week for the signing of the draft Brexit Agreement.
Technically, if the pair is able to stabilize below 1.3310, it is a good opportunity to sell by targeting the lower side of the ascending channel and the uptrend within the price range of 1.3071.
GBP/USD SELLbased on daily resistance ,which is shown by yellow line, price position on top of the 4h channel unable to break
the resistance.
so we can enter sell position simultaneously with reversal pattern up to bottom of the 4h channel and stop loss above the 4h channel .
please share us your opinion about this analysis of trend and upload your own trend-analysis here
GBP/USD May fall 32-62 PIPPlease support this idea with LIKE if you find it useful.
We can initiate a short position either now or wait the confirmation.
short positions below 1.3130 with targets at 1.3045 & 1.3015 in extension.
The RSI is bearish and calls for further decline.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
GBPUSDHere we can see the GBPUSD is at the end of its bullish move . look at my next upload for a closer view. we shall see what happens after the US retail data is released on Thursday.
Apuesto a la baja en GBP/USDIt is observed in the GBP / USD chart of 15 minutes, creating a triangle pattern of trend change. In addition, a divergence is being created in the RSI indicator period 14, this indicates that it will arrive within the fibonacci zones 0.382-0.618. also the Bollinger bands support this theory. GBP / USD down.
any contribution? I am learning. Do you think my work is fine?
GBP/USD WEEKLY OUTLOOKGBP/USD ANALYSIS 7/12
The idea is not labeled as LONG or SHORT
because price is stuck in a correction
We are seeing the start of a correction
Keep in mind price will range and will accumulate liquidy
before the next impulse move
TO STAY UPDATED REGARDING THIS PAIR...
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GBP/USD ANALYSISThis is my view on the situation between those two pairs, if you like it, I will appriciate your like.
selling GBP/USD pairi genuinely believe that GBP/USD is going to go down for a bit as it rejected a critical level i will be placing my stop loss at 1.18937
and i will let it run however i will keep you updated when i close it
GBPUSD DAY Trade Sell Day Trade !!!. We can open sell till a break of the daily trendline & Retest 1.28883 Tp 1 . Moving Sl above entry / Above trendline.
If we have a bounce from TP1 we have to monitor the price action back to retest the trendline a rejection would give us our TP2 1.27677.
Many Thanks.
GBPUSD SETUP AND NEXT WEEK PROJECTIONSTake profit for last weeks entries should be taken now for around 400-450 pips which I will have posted again at the bottom.
For further details on this trade or any help please message me, and happy trading! :)
GBPUSD SHORTWe offer information and technical analysis about investing in the forex and crypto markets, but not personal advice. Please remember past performance is not a guide to future returns and that investments can go up and down in value, so you could get back less than you put in.
~Anthony
GBPUSD Triangle patternIt is really clear to see that we formed pattern 'Triangle'. Now we have to wait when the candle broke the level of support or resistance and after it sell or buy. But don't be harry if you are afraid of taking the movement down you can wait for the retracement to the key level and after it do your job
