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Gbpusd1hr

GBPUSD SELLWelcome . The pound sterling against the dollar. in a very negative state. With the price reaching the strong resistance 1.2100, with a retest of the area. It also formed a very negative candle on the daily chart. with a downward trend. And break the bullish flag. There is a lot of pressure from the sellers to bring the market down. to 1.18,000 levels in the first stage. And the level of 1.16000 is good luck. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
4
GBPUSD Short: Hanging Man on 1hr Timeframe Trend: Bearish trend followed by LL and LH. Support/Resistance: Blue lines are S/R levels on 1D while red lines are on 4h timeframe. The reason behind the Short: A hanging man was spotted near the 4hr resistance at the LH of the chart. It indicates the potential downfall of the price towards the lowered support area. SL: It is placed on the previous LH of the chart. TP1: Placed near the support. TP2: Placed just a little below the support area.
by sanasaeed
GBP/USD Trading in Upward Channel.Hello traders, GBP/USD is trading at 1.3942. The price is trading in upward resistance and support channel and moving towards resistance level. If the price rebounds back from resistance level then it can possibly touch its support level. So, the entry price for short will be 1.3966, if the price rebounds from resistance level and its target will be at 1.3911. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5