GBP-USD-SELL
Breaking the levelsTo date, the pair has a downward impulse and continues to consolidate under the new levels of support. The next level to which the price goes is 1.3135. We believe that at the moment there is a good opportunity to enter for sale.
Therefore, we advise you to take short positions in the pair and expect the price to reach the 1.3090 and 1.3010 marks.
Trend has changedOn the chart, we see that the pair broke through the support level and fell below the moving average MA (120), which may indicate a change in the medium-term trend and at the current moment we see confirmation.
We believe that this is not a false breakdown and the pair will go further downwards. Based on the Elliot wave theory, the 3rd wave is formed, which should be stronger than the first one and has the potential to advance to the level of 1.2805. We advise to take short positions in the pair and consider the marks near levels of 1.29, 1.2860 and 1.2810
GBPUSD Swing trade We've recently some good news coming from the U.K but how long will it last? it could be a good opportunity to sell now as the trendline appears to be holding.
GBP/USD shortpossible M formation at recistance level 1.29000 and possible move down for continistion of elliot wave B.& C for correction.
GBP/USDfantastic sell opportunity here for gbpusd. we have see major impulses to the down side, and are now in a corrective phase before another impulse lower to reach our outer channel. this is the main trade im looking for next week.
setups which highlights continual USD strengthDXY struggling to bounce strongly off 90. Might see some weakening of the USD, but traders should be careful and consider possibility of this as a technical and reactionary move.
This retracement of the DXY coincides with the S&P 500 bouncing off the 2,700 level.
I’ll be looking for trade setups which highlights continual USD strength.
For example, the GBPUSD especially if it is unable to break above the 1.3950 resistance.
a solid looking idea to short GBP/USDGBP has broken down through the 4h channel , a retrace of 50% looks good to short for a decent move down to the daily bottom channel line .
gbpusd divergence-end of bulls powermultiple indicators show a divergence on gbpusd H3 , H4 time frames. waiting for the bulls power to finish and create the 4th wave for us to sell.
GBPUSD - Sell Opportunity - Bearish EngulfingGBPUSD has formed a bearish engulfing candlestick pattern on the daily timeframe. TP1 is set at the 61.8% fibonacci retracement level.
Gbp/UsdWith Cable being overall Bearish Coming back into the grey highlighted zone.
I actually missed my Entry, Now creating (Lower Highs) & (Lower Lows)
This has given me a new opportunity to trade this pair.
With the break of a minor Bullish channel.
Expecting a 80+ Pips drop to create a new (LL)
