GBPUSD-short#GBPUSD
In a larger timeframe, GBPUSD has broken out of bullish and has completed retest so now the trend is bearish in long term.
While we are looking in H1 timeframe market has fallen from strong support after that has formed an ascending correction. So it is confirmed market will go for sell up to the next support level.
Note: Analysis is just for educational purposes, not financial advice.
Gbpusd_forecast
Thursday: GBPUSD - Week 31Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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GbpUsd failed once moreAs I mentioned in my previous analysis, 1.4 should provide a strong ceiling for GbpUsd.
Yesterday we have a strong reversal from 1.3960 proving that rallies are sold and the pair is ready to fall.
At this point, GbpUsd is trading at support and the pair is waiting for a trigger.
A break here should accelerate losses and 1.3750 could be the target
Wednesday: GBPUSD - Week 31Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
GbpUsd- 1.4 is VERY STRAONG ceilingGbpUsd failed again in its attempt to pass 1.4 zone.
Last week was closed with a nice bearish engulfing which can be a sign for a new leg down.
Rallies should be sold in my opinion and traders can target 1.37 zone support
A daily close above 1.4 would negate this scenario
GBPUSD Long into 1.38000Confluences
A. Major Key level
b. FIB 38.2% (Most likely since previous daily closure was Bullish engulfing shooting star)
-another reason why 38.2% might rejected and reverse is that there is a Liquidity in 1HTF
c. Quarter points .750 (If reversal happen @ price of 1.36750)
d. Daily engulfing shooting star