GBPUSD-short#GBPUSD market is moving nicely as I predicted earlier.
Let it complete correction up to mark resistance then there is a good short move.
Gbpusdshortsetup
GBPUSD SHORTI've been consistently changing my bias on GU over the last two weeks. now that we have failed to break 1.40 for the third time, the HTF is showing us a bear flag, looking for a 1-1 move that conveniently puts us back to 1.365 (TP2) so I'm forecasting price to move how I have forecasted.
LTF ill look for the Chanel to be broken and retested before I take another entry (maybe London open tomorrow)
i'm currently in from 1.3986 on break even
so let's see how she moves over the next few weeks.
anyone wanna check out my YT check out 'Elliot's Trading'
peace
GBPUSD Forecast looking great!!GBPUSD Forecast for the rest of the week.! PA is looking great! I will be waiting a CE on the lower time frames! I cant wait!
GBPUSDThe long bull run for Cable is finally starting to loose steam. As you can see, the last higher high (HH) was formed around the 1.3950 handle (-27.00% Fibonacci Retracement). It has also broken broken out of the parallel channel by forming a bearish engulfing and closed below the 1.3875 zone. A confirmation of bearish reversal can be attained with a break of structure around the strong demand zone of the 1.3750 handle (38.20% Fibonacci Retracement ).
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GBP/USD Trading in Upward Channel.Hello traders, GBP/USD is trading at 1.3942. The price is trading in upward resistance and support channel and moving towards resistance level. If the price rebounds back from resistance level then it can possibly touch its support level. So, the entry price for short will be 1.3966, if the price rebounds from resistance level and its target will be at 1.3911.
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Rishikesh Lilawat
GBPUSD shortGBPUSD formed inverse head and shoulder on the hourly chart, but it was only a fake breakout the 78.6% fibonacci retracement. In my opinion the next support is between 1.34-1.345. I recommend to open short position on market price, with stop loss around 1.38, and Take profit around 1.34(Risk:1%).
Trade at your own risk.
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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
