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Gbpshort

GBPUSD IDEAS (SHORT)Whats up guys, back with another idea babyyyy, been dealing with some stuff is why im absent yet again. Life has been crazy but thats what makes us wiser, but lets hop right into this one: So as we can see, GBP has taken an extended drop and we can clearly see this from the hourly chart. Price wasnt being decisive about dropping until the very end of the trading morning. This being said, we see the price is below the 2 EMA's i have marked on the chart. It would make sense for us to have short targets rather than long, until we have a solid accumulation zone at a lower support. But until that support is found, we can continue to search for shorts along the wave of this move. I havent been giving my all to my trades and from this point on im going to be spot on because i wat to grow with you guys as better traders. So im going to be doing my best to pump out these ideas as well as start a telegram where traders can share ideas and just collaborate. That way we have an environment full of traders learning and carving their way along this path. Stay tuned for my next ideas, we going stupid precision fam. TRADE SMART AND TRADE ACCURATE GUYS SEE YOU SOON!!
Short
by fastboiijd
GBPAUD is about to DROPGA has been ranging back and fourth between 1.85000 and 1.82000 and I believe price is about to make its way back to 1.82000 , if so price will create a double bottom and move up back towards 1.85000. Price could also move down from where it is now 1.83000 to 1.82000, and continue falling. Price reached its resistance at 1.84940, fell, and now is about to test the green zone below. A big move down CAN happen, especially because of upcoming news this week for GBP and also AUD . I gave three possible scenarios, let me know what you guys think!
Short
by lobfxempire
GBP-USD Daily and Trend AnalysisGBP-USD Daily and Trend Analysis It took decades for sterling to drop below the 1.4000 price mark well it looks like it may take another decade for it to break above that. The daily chart on the cable looks quite bullish for the past few days however the H4 begs to disagree seeing a closeup on the trend reversals, the UKs economy on the other hand haven't been too promising for a bullish sterling. In the coming days we could likely see price play around the 1.3---level but only for a while as the market is poised for a decline in price. Traders and investors will be paying more attention to the breakout below the consolidation channel of the ABC Elliot wave pattern at the price level of <1.28-- ❇️ Trend Resistance R1: 1.3100 🛑 Trend Support S1: 1.2800
Short
by niclaxfx
📈Long trading setup or a bull-trap? Let me know your thoughts🤔On the daily chart we can see that the EUR/GBP has been trading in a range of 0.887-0.900. Yesterday it broke the 24 day consolidation by breaking through the 0.900 daily resistances on the daily level, which is a BIG DEAL. Throughout this trading pair’s history the .900 level has acted as resistance going as far back as 2011, which tells me it’s an important level and lots of traders are watching. The break to the upside was caused by the BOE singling that they will increase QE by an extra £100m+, with the markets assuming that more QE will be needed in summer. I don’t want to FOMO in right now because this is also a great place to get caught in a bull-trap. For me to go long, I would like to see a few daily candles close above the 0.900 range to confirm the break out to the upside, and see the 0.900 resistance level turn to support via rounded re-test. For that to happen I’d probably get in around 0.900 with a stop at 0.8987 and a take profit at .9500 for an R of 3.46. If we get to the 0.8987 my idea of a breakout has failed as we’ll be near the mid of the daily trading range. I take profit at 0.9500 because that was the top of the last daily candle during the fake out, and I suspect there to be a lot of sells if reaches that level. If you have any questions please feel free to leave a comment
Long
by BangkokCharts
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