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Gbpusdshortsetup

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
Short
by BoSukas
GBP/USD Technical Analysis.Currently, GBP/USD is trading at 1.2614. The pair may start a new down trend if it breaks the support level and neck line at 1.2582. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the neck line, then its first target price will be at 1.2435 and second target will be at 1.2344. 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
Short
by rishililawat5
Super Resistance in GBPUSD, I go sell now!If you Agree, hit the like button and follow me to see my opportunity to buy or sell in the market. Keeping the trade simple, even it's super simple, as long as you understand what you are doing then take the risk to gain. Money Management: 1. Lot size: Acc 100 USD : 0.01 lot Acc 1000 USD : 0.1 lot Acc 10,000 USD : 1.0 lot Acc 100,000 USD : 10.0 lot Acc 1,000,000 USD : 100.0 lot 2. Risk of an account max is 1%-3% from the capital in your current running trades. Priority: 1. Stop loss must smaller than your take profit. 2. Must at least 2 reasons why you enter the trade. 3. Trade and Forget. Psychology: 1. Not all setup is valid, its fact. 2. Trading is predicting the market. 3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio. 4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
Short
by UnknownUnicorn4036496
GBPUSD Short IdeaSimilar to my AUDUSD idea, I have technical reasons to believe that GBPUSD is about to make a swift move downward. Short term bear trend here has been obscured by absorbent buying on each attempt to flush out longs. 1:6 R:R On Weekly timeframe you will see a just recently posted bearish engulfing candle. On Monthly timeframe you will see a just recently posted hanging man candle. USD continues to push up with the rest of the market and until trend suggests otherwise, I expect that to continue. Thoughts? Trade your own plan, this is just an idea.
Short
by Acitsilos
GBPUSD All set to crack - Swing short GBPUSD is breaking below the trendline on hourly charts, On technical analysis ground it showing the weakness after a great run up, It can be a exhaustion after a good pull back so losing strength and momentum at this point of time so the weakness will not continue for a longer time and after taking a support it will get ready for the next run up in uptrend. For trading point of view better go with the short position at this level with keeping an stop loss mentioned in the chart and wait for the target, after reaching the target keep trailing for more, In case if stop loss triggers go buy at the same level and then wait for a good run up. All the best!!
Short
by Professor_GS