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Pounddollar

GBP/USD Head and shouldersSterling pound is struggling on different levels: 1- BOE disappointed investors by providing less liquidity than anticipated. 2- Brexit woes. 3- Fear of second Covid-19 wave. 4- Economic recession All those factors are weighing on the pair which almost completed a head and shoulders pattern on the 4H chart, but still waiting for confirmation. Bears and bulls are now fighting over the neckline support. Traders must wait for a confirmation/close below this level for a safer short position. Good luck
by RamziAbouAbdallah-CMT
(GBP/USD) Potential Sell OpportunityGood Morning Traders. I hope everyone has had a great week so far. These are my thoughts for GBP/USD. After a strong push to the upside momentum is finally starting to exhaust. I expect price to correct before continuing on an uptrend. Reasons for trade: - Strong wick rejection on 1hr indicating sell pressure. - Price over brought Advice: Trade one pair at a time. Its best to focus you attention on one thing at a time. Peace Out Forex Prodigy.
Short
by forex_prodigy
9
GBPUSD | Ascending Channel & Major Resistance..!!GBPUSD (Update) In 4h Chart, Pound forming Ascending Channel & Facing Major Resistance As well. Last Candle Was Bearish Shooting Star While It's Was Facing Major Resistance. Expecting Bearish Wave in Coming Hours So Sell it At Around Resistance Area. Expecting Another Higher Low (Might test the Lower Border of Channel) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
Short
by Faibik
This is how GBPUSD presents a handsome short trade opportunityTrade Idea: We can see that GBPUSD has formed a double top and price has broken the neckline of the M formation, now price has retested the neckline so I will only be looking for short trades targeting next S/R zones as illustrated in the chart. Previously, I took a short trade when price retraced back to the 0.618 level (also my favourite retracement level), targeting the next S/R zones, however, the next safe entry level would be a retest of the EMA14&21 in combination with favourable rejection/reversal candles. TP & SL Levels: TP1: 1.2076 TP2: 1.1943 SL: 1.2243 Technical Analysis: * Price below 200EMA. * RSI 14 below 45. * Respecting the Light Blue Downwards Trend line * Break and Retest of the Neckline Fundamental Analysis: Brexit Talk with EU not going well (Bearish GBP) UK issuing negative yield government bonds (Bearish GBP)
Short
by JKFXTrading
2
GBPUSD FOREXCOM:GBPUSD Note: (MARKET IS REACTIVE AND NOT PREDICIVE) From a daily perpective, price has clearly broken the support zone and has created a an impulse to the downside . After an impulse we expect a correction otherwise known as a retracement. Since market price moves in waves, Price can retest the box before making another impulse to the downside. Making a move to the target of 1.19768 (PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT ) With this over 200 pips can be caught. Kindly note that there is a downtrend line drawn for easier visuals. Monitor price action on the 4H timeframe; Entries will be initiated using one hour or four hour timeframe. (PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
Short
by Kelachi
GBPUSD Long IdeaNote: DO NOT FOLLOW THIS TRADE BLINDLY! Hi traders. Retest of the blue zone to ride it up. Could look to swing this into next week if the economy begins bouncing back up. Fundamentals wise, the UK economy is opening up so Sterling should strengthen against other currencies. Seen a two day cable sell off, approaching a possible reversal. Awaiting a possible sharper entry. Planning on bringing stops to entry once it is possible and take partial profits along the way.
Long
by TheFinancialTRDR
Strong Bearish Trend Downside 128$-125$ with Correction.(weekly)Overview: GBPJPY The GBP/JPY pair is still trading above the daily pivot point of 132.70 Currently pairs moving sideways range between 132 to 135 level. The GBP/jpy pair was moving downwards from the level of 135.40. Last week, the pair dropped from the level of 134.80(this level of 134.90 strong resistance until Yen weak, But Yen currently safe haven side and $ get weak then GBPJPY COULD drop more coming weeks towards support level 128 level and more 125 along with Pound weak. Pound Condition not looking good next some month so both side pressures help us to go major support 125 level monthly base. 🛑SUPPORT/RESISTANCE ✅S1= 132.10 ✅S2=128.52 ✴️R1=134.90 ✴️R2=138.70 Please like, share, comments and follow me to get daily base analysis Thank you for your support, I appreciate it.
Short
by Allmypips
1