Ride GBP weakness down to key monthly level 1.8100 (GBP/AUD)See chart for details of trade configuration
Low Risk, High Reward...
Gbpshort
GBPUSD sell Right Now!GBPUSD is on the top of his wide flat. He make 1 impulse. Make 3 correction movements with 3 update of correction peaks. And it ready to go lower. First target is second wave - 1.3008. Next targer is 1.27. So SHORT it RIGHT NOW!
GBPUSD nearing Strong resistance level before falling downwards.The price is making a very sharp move towards last years resistance forming a " Rising Wedge ". My prediction is it will test the resistance before falling down. Take profit at the first level where the wedge trend line is formed. This is valid in all the hourly time frames, might be a long term short position.
GBP/USD ShortPossible Head and Shoulder forming, Plus, we have a strong daily Resistance at this level
GBPAUD SHORT OPPURTUNITYIf we break and close under the flag pattern we can expect price to move towards the target zone.
GBPCAD, short-term potential +/- 200 pips on short set-up A potential short trade is busy setting up for this coming week starting on 12 November 2018.
FUNDAMENTAL
Fundamentals will probably support a weaker GBP.
Economic red news releases include GBP: cpi, retail sales and inflation reporting.
Should all of or most of these news items be negative for the GBP, a definite GBP weakness will be experienced.
Note: no significant news releases scheduled for the CAD.
TECHNICAL
Price appear to be oversold on the 4hr chart.
The Ichimoku indicator on the 1hr chart show further weakness.
It therefore imply a potential short position is in the making that might produce +/- 200 pips.
See potential price levels for entry, profit taking and risk management on chart.
Remember, anything can happen.
Happy trading
GBPJPY Weekly levels analysis
If we zoom out on the weekly chart, we can see that these orange levels are highly reactive whenever the price comes near them.
Zoomed in, it's clear that once we've broken past all three of them, we came back, retested the lowest one a bunch of times, broke through, retested the middle one just once before getting rejected back to below the lowest one again. (Notice how it kept consolidating around it lowest one, it shows and indecisiveness in the market)
So now we've fallen below the lowest level again and are currently getting rejected for the third time.
It's important to say that usually when a level keeps getting retested it gets broken and switches sides ( pivot ). In this case, whoever, since the other x/JPY pairs are seeing some weakness as well, it might be better to anticipate shorts. What we need to see is a breakdown on a lower time frame and a proper retrace in order to find a setup.
That green block is a daily bearish order block which is also acting as resistance currently.
In short: we're currently waiting for the breakdown, and a possible setup on retrace on a lower time frame. If GBPJPY -0.91% decides to go up anyway, we'd be looking for a break of that green order block and a possible long on a retrace.
Original idea by Svarog
GBPUSD / 4H / H&SWait for a break and close below the neckline to enter.
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GBP/USD ShortFundamental Analysis:- The USD is still the stronger of the two currencies with the FED looking at continuing their gradual rate raises over the near term. Even raising rates a little more than expected to stop Inflation jumping over their target. On the GBP side of the currency pair; Teressa May comes under pressure to resign as 40 of her MP's announce a vote of no confidence. This will add pressure to the outcome of Brexit and weigh further on the GBP. These two fundamentals make the GBP weak and the USD strong giving this currency pair downward pressure.
Technical Analysis:- You can see from the 4 hour chart that the price closed on a previous support and resistance zone and their was a significant push down after the pull back to 13100. Each high spike since the end of September has been lower than the previous showing downward pressure. The current price looks good for entry although after the vote of no confidence over the weekend the market might open lower. A stop loss above the high spike of 13100 is a good spot and looking for a return to 12900 in the first instance will give a reward of 3:1
enter 13060
stop loss 13110
take profit 12900
** GBPJPY - Short Order Pending **Using Multiple TF's
Entry was determined on the 5 /15 TF
Sell stop set at 142.48
Target 1 is a 1:1 Risk T2 extended target at recent structure lows
EUR/GBP long or short ? Hi everyone ! I have for you you my EURGBP analysis.
What I see now on the 1H chart is bearish divergence. So go short for now (0.9030 +/-), but What I see on the 4H chart is bearish too, It means for me that there is big chance that We will be on the short road in this week + RSI is pretty overbought on 1D.
Take care, everything is possible.
Enjoy your life and follow me !
For Educational Purposes Only.
GBP/NZD SELL GBP/NZD has hit resistance therefore has gone down, and it will keep going down, it is still a good entry if you enter now.
GBPUSD UPDATE, wit previous good response Evert hing is clearly mention above
Follow 1,2 and 3 resistance levels, nothing else. Because i like to keep the previous record too
if you have any questions don't hesitated to ask.
GBPNZD - DAILY - SWING SELL SETUPGbpaud - daily chart - Good swing trade setup here, clear break of bullish structure on weekly chart calling for a deeper pull back. Decent risk to reward.
Brexit Vote to determine if GBPUSD downtrend resumesThe break below previous support at 1.32 amid a strong downtrend signals lower prices
Two possible scenarios after today's vote in UK parliament over Brexit
A) former support at 1.32 is resistance and downtrend resumes toward 1.305
B) price closes back above 1.32 signalling a rangebound market and an eventual re-test of 1.347
GBPJPY shortWe notice mirroring between the pattern of daily(september 2017- today) and the current 15 min
GBPUSD SELL SETUPPotential short on this pair wait for the clear break but wait for a clear break. Minimum target is the end of three wave.
