GBPUSD - BIG SHORT - TIME FOR PARITYGbpusd - Daily - Uptrend is over on this pair and the bear hook is nearly complete.. expect a sharp sell off in this pair in the coming weeks and months possibly down to parity as dollar resumes its rally.
Gbpusdsell
GBPUSD : Short Trade , 1hGBPUSD sell Entry : 1.21755
Stop : 1.23550 , Target1 : 1.20320 , Target2 : 1.18840
Risk/Reward Ratio : 2
GBPUSD Local Short! GBP-USD has retested the
Horizontal resistance level again at 1.22123
And the pullback is already happening
So I think we will see a retest
Of the target level below
GBPUSD Bearish Impulse - Minor CGBPUSD is starting a Bearish Impulse in Minor C (orange).
Wave B (orange) is most likely a Running Flat.
However, based on Elliott Wave patterns, it could also reflect as an Expanding Flat.
But I don't think so.
I am going short on the Pound Dollar.
GBPUSD tech. Analysis:
* Elliott Wave: Ending Diagonal on Intermediate (C) (white).
* Running Flat in Minor B (orange)
* Sep '20 Bearish Fractal
* 38.2% Fibonacci Retracement of Minor A (orange)
* Up-Trend Breach
* Channel Consolidation
GBPUSD Trading Signal:
* Entry @ 1.2170
* SL @ 1.2500
* TP1 @ 1.1800 / TP2 @ 1.1600 / TP3 @ 1.2500
* BUY STOP @ 1.2050
* Aggressive Entry @ Market Price
* Moderate Entry @ 1.2320
*Safety Measure: when in the green, moving SL to BE.
Many pips ahead!
Richard, the Wave Jedi.
GBPUSD : Short Trade , 1hGBPUSD sell Entry : 1.20783
Stop : 1.21498 , Target : 1.19352
Risk/Reward Ratio : 2
DXY IS ABOUT TO RISE ONCE AGAIN There are a lot of liquidity resting below on DXY and has a weekly trend line with a weekly demand, we might see another bearish trend once again on USD based pairs once we reach this certain level
GBPUSD Swing Short!GBP-USD was trading in an uptrend
But then broke the rising support line
And the breakout is confirmed
So I think that after the retest
Of the broken line we will see
A further move down
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD Short Bias from 1h FVGHey traders, here is the analysis for the GBPUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
Waiting...GBPUSD - I might take some LTF scalps up towards the 50% if we create structure above the current DH, but mainly im looking to see how price reacts to the 50%/4H BOS level, if price gets on top of this it will continue back up towards the 1.23238 resistance level, if we reject at the 50% i'll be looking for price to take out the current DL $ before looking for reversals inside the Daily demand zone.
Let me know your thoughts!
GBP/USD breakout-Scneario!Hey tradomaniacs,
GBP/USD recently broke out of the trendchannel aswell as the support-zone after a very strong manipulated USD during the FED-Conference.
Jerome Powell has been very very hawkish, yet the market tried to bet against him and his Dot-Plots aswell as terminal-rate.
Technically a great setup if we get a re-test of the resistance-zone!
HEADS UP: Big expiration-day tomorrow! Volatility possible!
What do you think?
GBPUSD, Expected Move H1GBPUSD, i am expecting a bullish move before down because of trendline, Choch & POI
GBPUSD Sell Screnario!!Price is slowly aproaching the bearish order block and strong resistance is waiting for us.I think price is going to fall from 1.23451-1.23131 zone.You should consider Economic calendar today.
GBPUSD Wait For Breakout! GBP-USD is trading in along
The rising support line
But a strong horizontal resistance
Is above and I am somewhat
Bearish biased so I think that
IF we see a bearish breakout
Then the price will go down
BEAR MAY TAKE CONTROL FOR WHILE ON GBPUSD (11 DEC 2022)Educational Analysis says GBPUSD may go SHORT. According to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why SHORT?
On the 1HR timeframe, the pair is about to reach on supply zone.
After that, it may go down to 1.19212.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS
HOW TO TAKE ENTRY ON THIS?
I would suggest that if the price reaches the supply zone, I would put a sell limit order with a 46.7 risk-reward ratio.
As the price would move down I would post a comment on new trade entries with a good risk-reward ratio.
SELL LIMIT ENTRY:- 1.23366
STOP LOSS:- 1.23455
TAKE PROFIT:- 1.19212
RISK-REWARD RATIO IS 46.7.
GBP/USD SELLHitting its Highest since June this Year - China Lockdown Policies & PPI on Friday provide clear Direction - Smart Money Target @ 1.13 - Small Exp @ 1.19 / 1.17 - Buyers still in - Wait for hawkish Volume Spikes, hedging here and there!
[TRADE ALERT] GBPUSD Here We Go......As expected we got the move above 1.21 into the weekly SUPPLY/SELL zone you can read the full analysis in my related post.
You will read in that post that I was looking for a SELL signal to occur on timeframes above the 4hr once we went above 1.20 my indicator give that SELL signal earlier today and we entered the position.
As per previous post we will target the previous swing high in the current trend @ 1.16 with stop loss above the SUPPLY/SELL zone.
As the position moves in our favor I will lock in profits and trail the stop.
If you read my related post this is going exactly as predicted enjoy
GBP/USD likely to fall!Hey tradomaniacs,
looks like GBP/USD could soon break out the current contraction and move towards the key-support-zone and D-Trendline in order to re-test.
Current situation looks bullish for the USD imo as market got dissapointed by previous FED-Statements and will most likely price in affects of the recent and upcoming rate-hikes which will slow down the economy.
However, technically a good spot to short when breakout occurs as we can expect more momentum to the downside.
What do you think?
GBPUSD SELLLast week GBP has done excellent job and it maintain its strength against the USD. I would like to say if it moved against the DXY next week then trade it. Also watch the range of movement, If GBPUSD start to fall and DXY start to rise it does not mean to trade GBPUSD. First watch the speed of falling of GBPUSD if the speed of falling is fast against the USD then sell it.
UPDATE GBPUSDPrice make a nice bullish channel pattern and price already touch the resistance line and also touch the resistance line of pattern.
