Good evening Fx Traders, USD fundamentally is Bullish, Looking to go short on GBP/USD after the reaction on the monthly resistance. ** You are not obliged in any way to follow this idea/analysis. This is just my interpretation based on my indicators. Follow me for more ideas/forecasts.
At the moment, the GBP / USD currency pair is trading near historical highs of a 3-year period, which may indicate an increase in the activity of sellers and a further decline in prices. If you are looking for a place to sell GBP / USD for the medium term, this is an interesting area.
what do you think?
GBPUSD - Follow the levels for upcoming week, based on trend lines and price action it is expected to go down. My approach will be a sell below 1.36100 Maintain stop loss around 1.36900 Potential downside target 1.34600 Trade as per your risk appetite, I will be glad to see your likes & comment. Why you should follow this tradingview account ? Managed by top...
BUY/SELL STOPS ENTER USING PRICE ACTION AT BREAKE OF S/R
Potential Head and Shoulder Short
The 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...
based 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
Please 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...
Here 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.
It 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 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... 🎇 ⬇ CHECK OUT BELOW ⬇ 🎇
This is my view on the situation between those two pairs, if you like it, I will appriciate your like.