GBPUSD w; bearish
d; bearish
4h; bearish
my confluences;
a break of a strong support and resistance zone
the break of the structure LL with an engulfing candle
broke below the 50/20ema which it already did
1h
engulfing candle break
bellow the ema's and away from the 14ema
sl; above the nearest structure that could be near 200ema
tp; next s/r
sentimentally; 31% sell which is amazing
Gbpusdsell
GBP/USD likely to fall!Hey tradomaniacs,
looks like GU has just re-tested the resistance-zone after fakeout with great momentum to attract ans absorb buyers.
So far a great spot to go short but still risky due to the news from BoE.
Make sure if u short that you manage aggressively!
What do you think?
GBPUSD is preparing for another drop!!GBPUSD 4H has grabbed liquidity from 4h20EMA after a spike to the upside, and at the same time, has broken the daily high and rejected. As long-term price action is bearish, it is highly likely that the price will respect the daily high and 20EMA and finally, the price will break down to continue its downtrend.
A sell setup from the area of value shown on the chart is high probability :)
GBP/USD likely to fall!Hey tradomaniacs,
after higher core-inflation than expected the market will probably price in a very hawkish monetary policy by the fed as the black period won`t give any further input regarding plans or eventual changes.
This might oush the USD further to the upside and could cause another fall for GBP/USD.
Technically a good spot to sell, especially of we get another fake-move towards resistance-zone.
GBP/USD Very Bearish , Short Setup After Retest To Broken Supp This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- Currently the MARKET SENTIMENT for GBP is on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be DOWN due to MARKET RISK OFF. It affects the POUND greatly. GBPUSD may be slightly UP after this DOWN.
- Definitely, GBPUSD can go up to the high RESISTANCE LEVEL. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. But GBPUSD can go up to 1.1854 LEVEL.
And after that the market can go DOWN, GBPUSD can SELL to the 1.1500 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it.