Gbpshort
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.
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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.
we are looking for impulsive move to down on GBPAUDMaybe we can see one more small up move on this pair but we are looking for impulsive move to down on GBPAUD .
Should wait small flag for confirmation before entry. Lets wait and See..
Im going short on the gbpchfHere I have analyzed the GBPCHF currency pair, and I believe we have a shorting opportunity approaching. I believe the GBP currency will experience some weakening throughout this first week of the year and more so into this first quarter.Happy trading
GBPJPY we are confirmed in uptrend on 12 june 2017 ..but we have a strong daily resistance at 148.100 which the price can't break it since 16 dec 2016 ... and also the pair make higher lows which confirmed ascending triangle which make us think that we are going long on the long term but before that .. we see on 4 h chart a double top pattern which make the pair going short to the area of 143.000 and 142.800
best sell points are:145.000/144.000
$GBPUSD | Wolfe Wave + G Wave = Harmony? | TestGoal of this test is to see if price will reach the 1-4 line of the Wolfe Wave within close proximity of the Green G wave level.
If so, could this be the ever elusive ETA of the Wolfe Wave??
Maybe.....just maybe.
-Sirak
GBP: A reversal model for a possible downtrend.The resistance level of 1.3049 was not breached. It is possible to form a descending model 3W. The target level may be a long-term support level of 1.2106.
GBP/JPY *SELL*You can see over the year we have been trading between the two main support and resistance. From price action you can see this market is starting to lose momentum trying to break through the resistance barrier. Bearish candle sticks and short term 2 hourly trend line has been broken. Think its time the pound dropped!
let me know what you think!
GBP: Possible to turn down.Possible to turn downwards with the target level in the area of the support level.
Cable Exhaustion: Fundamentals back in playBulls getting exhausted.
This was simply a short squeeze with no fundamental catalyst.
Strong bearish divergence on 4H chart.
Fundamentals should come back into play.
Brexit likely to have negative effect on UK growth. Monetary policy divergence vs Fed and global USD shortage remains.
Real money will begin to flow out of the UK, serving as the catalyst for the next short leg in Cable.
