GBPUSD WEEEKLY ANALYSISGBPUSD is so close to the top of the channel on Weekly timeframe, it gets ready for increasing, but if it breaks up the trend line, this analysis will no longer be possible to happen.
Gbpusdsell
GBPUSD, 4hr tf, sell bearish engulfing candle on 61.8 fibonacciHello my friends,
This is a new week and we are going to start it fresh.
The last 4hr candle close of GBPUSD has catched my attention because it was rejected fiercely from the 61.8 fibonacci level and closed with a bearish engulfng candle.
I could say that sellers was defending this area and we could see GBPUSD go lower as long as this area hold.
We could also assume the recent downward movemnt wave A / wave 1.
This rejection could be the beginning of Wave-3 or Wave C.
Let's see how it turned out later but for now we could try taking a sell position with SL above the recent candle high at 1.3250.
If price managed to take out the recent high than this analysis become invalid.
Sell GBPUSD 1.3205
Stop loss 1.3250
Take profit 1.3070 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
GBPUSD Set a Stage For Massive Sell-OffIn the GBPUSD 4 hourly chart above, the price decline in five waves from 1.34181 high in September. A five-wave move is regarded as an impulse pattern, which indicates the direction of the primary trend.
According to Elliot Wave Principle, a three-wave correction in the opposite direction follows every impulse move. In GBPUSD's case, the retracement took the shape of (w)-(x)-(y) double zigzag pattern.
The most interesting thing is that, once the correction is completed the price resumes in the direction of the primary trend. If this count is correct, we can expect the price to start declining from or below the current market price in the days ahead.
What's your view on GBPUSD? Let me know in the comment.
Best of luck on the chart,
Veejahbee.
Gbpusd on short...We see price longing since last week.. we might see price falling this week on GBPUSD
gbp/usd sellhi traders, price is now at the top of the channel which is also near a daily resistance level - i expect price to push down now
GBPUSD, 4hr tf, sell on conlfuence of resistanceHello my friends,
I hoped you all are doing well with your trading.
I myself am having a bad week as some positions hit stop loss.
This week alone i got 4 positions hit stop loss and got 8% loss banked.
Each trade was using 2% risk so in total it was 8%.
Well thats not a problem because everybody will have a bad week or months in trading. Nothing to be a shamed of.
For today i am gonna trade lightly and i already got some positions in mind which looks very interesting.
First is GBPUSD pair.
As you can see, price still moving inside the ascending channel which could be a potential bearish flag in the future.
Price currently moving into an area of confluences which is the meeting point of ascending channel and horizontal weekly resitance.
In my opinion, we could see sellers step in to hold this area and a rotation to the lower side is likely to happen.
Sell GBPUSD 1.3265
Stop loss 1.3300
Take profit 1.3160 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
GBPUSD [H4] Climb near Resistance 🚀🚀GBPUSD Climb near Resistance 🚀🚀
Node GBPUSD Climbing near resistance 1.134XX look on that for Rejection + PA Entry sell right that
Target on trendline
❌ IF BREAK NO TRADE❌
Good luck
Ton Trader
🔥🔥🔥🔥🔥
GBP/USD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
GBP/USD: Daytrade-Execution
Note:
Risky trade I personally take due to the previous fakeout of GU.
Price just bounced of 1,30 and was not able to break through.
We just had bad news about brexit and pound doesn`t benefit from DXY weakness which is caused by EURO demand.
Sell-Stop-Order: 1,29920
Stop-Loss: 1,30190
Target 1: 1,29610
Target 2: 1,29450
Target 3: 1,29155
Stop-Loss: 27 pips
Risk: 0,5%
Risk-Reward: 2,83
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
GBPUSD Bearish Retracementas you can see from the charts, we are back on the descending trendline. I believe we have now created are new higher low and would expect to see a retracement to the previous lower lows.
GBP/USD LockdownOn the daily chart the price is testing a daily structure around 1.29 area and we can expect a break below due to the UK lockdown.
GBP/USD SELL SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
GBP/USD: Daytrade-Execution
Market-Sell: 1,30070
Stop-Loss: 1,30525
Target 1: 1,29735
Target 2: 1,29450
Target 3: 1,29170
Stop-Loss: 38 pips
Risk: 0,5% -1%
Risk-Reward: 2,35
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
GbpUsd- waiting for a clear sell signalGbpUsd dropped yesterday under 1.3 and, like EurUsd, has managed to recover some losses and is trading now again above this important figure.
The overall structure for GbpUsd is bearish and, with DXY preparing for rallies, I expect lower prices for this pair also.
I will look for opportunities to enter short and my soft target is 1.2850 support
GBPUSD, 4hr tf, ascending channel breakoutHello my friends,
Another setup coming to all of you is GBPUSD pairs.
As you can see GBPUSD has been moving inside ascending channel for 1 month since September 22nd.
Yesterday we finally see price breakout of it with a solid candle close on 4hr tf.
The daily chart also show that price close below it on daily closing basis.
I am gonna sell GBPUSD on the retest of those channel.
Notice there is now also a horizontal level which has turned into resisance.
This 1.3000 area is now a resistance and we could say this is an area of confluences as there is so many resitance right now at his area.
Sell limit GBPUSD 1.3010
Stop loss 1.3075
Take profit 1.2815
RR ratio 1 : 3 (3R)
Use only 1-2% risk
Good luck
GBPUSD BEARISH GBPUSD
The price reach the level I wanted and it respected the zone and has come down to reach the level 1.3036 and I believe it will touch that zone again to respected as a ceiling and continue its way down to reach my new targets.
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El precio respeto la zona que queria y la respeto para volver a bajar y llegar de nuevo al nivel 1.3036, ahora espero que el precio vuelva a respetar esa zona para volver a bajar y lograr tocar los nuevos targets.
GBP/USD May fall 32-62 PIPPlease support this idea with LIKE if you find it useful.
We can initiate a short position either now or wait the confirmation.
short positions below 1.3130 with targets at 1.3045 & 1.3015 in extension.
The RSI is bearish and calls for further decline.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
GBP/USD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: market kinda choppy today and Brexit-Talks still ongoing! Aggressive management my friends!
GBP/USD: Daytrade-Execution
Market-Sell-Order: 1,29735
Stop-Loss: 1,29940
Target 1: 1,29545
Target 2: 1,29410
Target 3: 1,29230
Target for One-Target-Trader: 1,29410
Stop-Loss: 20 pips
Risk: 0,5% - 1%
Risk-Reward: 2,52
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
What Do u Think On GBPUSD ??GBP/USD Will Sell Because We See ''DOUBLE TOP '' Formation On Weekly Time Frame . So This is Our Clear Confirmation . But Also The price Have Retested On D1 time frame.
