Gbpusdshortsetup
GBPUSD SELLHere is a double top formation in gbpusd after breaking a structure with 3 touches , the market is now consolidating and forming a flag wait for the structure breakout and then place a long sell order .
GBPUSD ShortStrong possibility of GBPUSD to melt straight down to a major key level of 1.30. A possible retest to the 1.33 key resistance to the downside. Due to Brexit news we could just melt straight down. Right now GBPUSD is forming a bearish continuation pattern with adds to my confluence to the downside.
GBPUSD: Correction move probability Hi to all,
GU was came a strong resistance level last week. As we know it is in a strong bull trend but i wait a correction fall from this resistance.
You can see the pinbar at the last candlestick. After this candle, we can wait an engulf candle too and we could named it a price action formation after that.
1.3190 is the most important support, if it come. Because it is bottom support of the uptrend. The first target of the correction should be this trend line.
I'll update this analysis with formations for entry a trade in lower timeframes next week.
Have a good weekend all. If you find it useful, please support this idea with LIKE and writing a COMMENT.
A fresh look at the GBPUSD - SHORT; SELL it here!This is good for at least 500 pips.
... and the Weekly;
GBPUSD SellGBPUSD has started weakening as its approaching weekly resistance, If a daily candle closes below the daily structure then we can be looking for a short opportunity after the restest
GBPUSD - SHORTALL ANALYSIS ARE MADE USING ONLY PRICE ACTION, NO INDICATORS. MULTIPLE TIMEFRAMES ARE INVOLVED BEFORE TAKING A TRADE.
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==> PLEASE TAKE NOTE!! DO NOT SET LIMIT ORDERS. GET IN ONLY WHEN YOU GET THE GO SIGNAL FROM PRICE ACTION
GBPUSD NEXT SESSION PLANS YO YO YO We back baybbbbeeeeeee! how yall doing, hope we started the week off on a blue note of course. If not, we still have the rest of the week to get the gainz in. Lets jump straight into this one. So GBP had a drop today but the drop was extended through the slower period of the day, around 12:30 pm to be exact (my time). I don trade past 11:30 just to stick to the volatile hours of the day.
So I have to setups here, one continuing the drop we saw earlier, and one suggesting that price is making a bunch of liquidity to shoot back up during more volatile hours. Now since we are sill in an uptrend on the hourly and the 4h chart, it be more logical to be biased for a buy. that being said, price has gotten comfortable around the trendline i have marked in red. If we see a break of that trend line we can be safe in saying price will continue to drop. For further verification we can wait for price to break the support just below that trend line (in green).
If price decides to shoot up, we will most likely see a break out candle simply from all the built up liquidity on this little channel we have i guess you could say. Either way, we are ready either direction price wants to go.
But to be one sided im going to be looking for buys before sells simply because of that trendline moving upwards.
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GBPUSD ANALYSISA sell trend sited on the daily and now the pullback is complete the price might go straight to the support zone at 1.27639 below and might even break further depending on the strength of the selloff. Let's see how this goes!
GBPUSD UpdateGBPUSD is printing a failure setup at the previous 1HR Structural Point This makes our trade easy. Buy Above the structure, Sell below the structure. This now left us with the simple task of defining a trend. Up or Down from a lower timeframe.
Sell is the High probability trade!
GBP/USD SHORT SET UPTITLE/(DATE)- SELL GBP/USD
ASSET- FOREX
PLATFORM-MT4
ORDER TYPE- SELL LIMIT
Time Frame-4hr
ENTRY PRICE 1- 1.30980 (pending)
ENTRY 2- 1.31280 (pending)
STOP LOSS- 1.31480 (50 PIPs)
TAKE PROFIT 1- 1.30480 (50 PIPS)
TAKE PROFIT 2- 1.29980 (100 PIPS)
TAKE PROFIT 3- 1.29480 (150 PIPS)
TAKE PROFIT 4- 1.28980 (200 PIPS)
STATUS: 🚨pending 🚨
GBP/USD Broke one month support.Currently, GBP/USD is trading at 1.3048. The pair is trading in a downtrend and broke the one month support level at 1.3065 to continue the same downtrend, as the price went below its previous support level, which is a clear indication of continuing the same downtrend. So, its first target price is at 1.2778 and the second target is at 1.2600.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
Short Position on GBPUSD 4HHello Traders!
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🚀SELL Execution according to the market.
------------------------👇🏻👇🏻Look the running swing trades below👇🏻👇🏻
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GBP/USD Technical Analysis.Currently, GBP/USD is trading at 1.3102. The price has formed a head and shoulders pattern. The pair may start a new down trend if it breaks the support level and neck line at 1.3011, likely It is possible that the pair may rebound back after touching support levels. If the pair starts a new down trend after breaking the support level and neck line, then its first target price will be at 1.2844 and second target price will be at 1.2740.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
GBPUSD 1H Short SetupBasic short from previous SR continuing with bearish correction.
R/R 4.64
Follow for more setups.
GBP/USD- Downward move AheadFA:
Britian have failed to strike a trade deal with the USA due to Covid and that being a priority currently- however, this was something that they were relying on after Brexit. Therefore, there may be downward pressure on the Pound.
Response to the outbreak was rather lackluster and a Brexit deal is looking more unlikely with the EU prioritising their response to the outbreak as well.
Britain is therefore in No Mans land in terms of economic ties until the outbreak blows over.
TA:
Rally has been halted at a KEY FIBONACCI level, we can expect great downward pressure
Key traditional Resistance area, if we don't get a candle above the rectangle we can expect a downward move.
Megalodon Whales (Rahim)
You are welcome to share your ideas below and post your own chart, trade safe :)
OANDA:GBPUSD OANDA:GBPJPY OANDA:GBPZAR
