Get started

Gbpusdsell

GBPUSD - BEARISH BIASGBP - BEARISH 1️⃣ The latest disagreements over the UK truckers’ access to Europe risk breakdown of the seventh round of Brexit negotiations. 2️⃣ A turnaround in the global risk sentiment extended some support to the USD's relative safe-haven status. 3️⃣ Tomorrow retail sales expect to print negative due to weaker BRC retail sales and average hourly earnings. USD - BULLISH 1️⃣ FOMC minutes showing the Fed remains very concerned about the US economic recovery and is considering keeping agressive stimulus measures for longer. 2️⃣ Gloomy US Fed comments, US-China tensions, a fall in oil prices and a spike in new coronavirus infections triggered demand for safe haven currency like USD. ===== TECHNICAL ===== - We shorting GBPUSD on SBR level + SMA100 area in H1 chart + SMA100 area. Stop loss on the next resistance. - GBPUSD in bearish zone. ===== RISK TO THIS TRADE ==== - Trade will hit stop loss if Brexit issues going positive and U.K. retail sales tomorrow print positive numbers.
Short
by MonsunAsia
GBPUSD daily chart analysis, will the resistance break?GBPUSD is constantly testing the 1.3150-1.3180 resistance level for the last two weeks. Each time price has pulled back a little after testing the resistance. So far, the resistance remains intact. But repeated attempts to break the resistance indicates that a big move may occur very soon. In my opinion, buyers should wait for a strong break of this resistance level before buying. If this resistance breaks, then 1.35 is a possibility. On the other hand, sellers can sell at the resistance level if some bearish price action is visible and target the 1.30 area as TP.
by YourLazyTrader
3
GBPUSD Simple Price Action Trade SetupHi Traders! It has been a while I posted here. I caught a bug around June so I had to take a break to get proper treatment and heal myself. Remember guys! Your health is your greatest wealth. The market is going nowhere, it will always be there as long as the human race continues to exist. Trading has to deal with mental and psychological wellbeing. When you're sick you won't be in the right state of mind to trade perfectly. So always take some time off trading to get treated whenever you're sick so you can bring a feeling of peace into your body. Your trading can move in a new direction that will guarantee you are inviting ease, flow and even “miracles” into your life. BACK TO GBPUSD ANALYSIS: 1. In the chart above, the price made a double top pattern and break out of the inner trendline. 2. Price also made a 4HR bearish flag/corrective pattern and price has broken one of it's Counter Trend Line (CTL) that's visible on H1. 3. Price has the potential to move lower towards the major trendline and beyond in the days ahead. I will be watching how this plays out. Support this analysis with your like and comment and also follow me to enjoy more trade ideas/setups using different trading strategies. Safe Trading, Veejahbee.
Short
by Veejahbee