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Gbpshort

GBP\USD The Great British Pound will become great againBut a little later. The chart is still bearish; I see no reason to explain the direction. It's just another opportunity to ride the wave. Yes, we have unfilled imbalances (Fair Value Gap) upstairs, which can be a magnet for the price, but they must remain untouchable until the price reaches the mark 1.97. Sure, if the pound does not want to die. Why? Cuz price delivery must have a reason. A filled imbalance from above will mean that the price has no reason to go higher in the near future. Is it possible? Yes. But! We have a synchronized bearish trend (Monnth>Week>Day>4h) and a powerful imbalance magnet down below. In case we close even the daily candle above 1.264 this will mark the start of a bullish cycle. But bullish cycle from where? Partial liquidity grab from low of May 2020? Looks like a trap for fake optimism. The true purpose is to fill the imbalance below. What will happen after that? I'll tell you if the bull trend starts. Conservative trade - stop above daily sponsored candle 1.264 Aggressive trade - stop above "buy to sell move" 1.258 I am a day trader and will look for entry into a position intraday on lower timeframes, but you can search for shorts inside the zones that I marked on the charts. Friendly reminder. Respect the risks and try to enjoy the process. Good luck folks <3
Short
by vuspenskyi
1
GBP/USD - Short Sell Fundamental and Technical Set UpThe British pound continues to come under selling pressure as the UK grapples with high inflation, caused by high energy prices, supply chain issues, and a cost of living crisis forcing consumers to lose confidence in their future economic prospects and drastically cut back on spending. The UK economy is expected to fall into a recession, whilst a recession in the US is still under debate given the strength in the labor market. I am looking at taking a short sell position below $1.28 on the exchange rate.
Short
by KayansMarkets
1
GBPJPY Reaching Weekly Resistance / Volume ClusterGBPJPY is Arriving at a weekly Volume Resistance. lets see how the price behave at this level marked on the chart. There are also high impact news today and tomorrow on Pound and Yen. I am short biased but still the price is in an uptrend so I am waiting for a correction of at least 150-200 Pips. The MACD also shows a divergence on a 2hr time frame and a heavy bearish divergence on 1hr. stop loss should be 45 pips. Good Luck! Trade responsibly. Use proper Risk Management.
Short
by Pak_shaheen