i 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
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.
Hello Traders, Here's my analysis for GBPUSD for the next weeks! Trade Safe!
Take 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! :)
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It 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
Expecting a further push-up before the continued selloff
Down Trend Continue. Sell on H4
To 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.
On 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...
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.
possible M formation at recistance level 1.29000 and possible move down for continistion of elliot wave B.& C for correction.