Shortgbpusd
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.
sell GBPUSDa great 1:6 short setup for gbpusd ,if price goes up i might add on another trade for a better risk reward, money management is key
Short GBPUSDGBPUSD has a strong support line, its broken through unlike the other times. Entry off the retest of the strong support/resistance line.
GBPUSD | Sell the DELAY & lower bank rates | 5 NovBrexit delay, again. Well, I guess bob's your uncle, same recycled story.
BoE rate coming this week too.. we think they will lower the rates to continue stimulating the pre-Brexit effects on economy.
1:5 R:R
Brexit seems to short sell GBPUSDCompleted Butterfly Pattern
Price action is inspired by the real life incidents. Any news or happening will result in great downfall or uptrend. As we know manipulations are going so I cannot ignore the invalidation of analysis.
Sell : 1.30095 - 1.28432 Best Entry : 1.29679
T/P : 1.27455 | 1.25959 | 1.24732 | 1.23527
StopLoss : 1.32079
GBPUSD sell againOpen SELL order - 1.3069
SL - 1.3113
TP - 1.2867
RRR - 1:4.6
Adding new SELL order
Reasons - breakout sell level at 1.3068 and retest it
GBPUSD SHORTAs I mentioned in last weeks post, we are currently testing that 1.29-1.30 support. This area is going to be extremely crucial in determining what comes next but I am expecting a retest of the 1.305 ish price mark before a continuation of the downtrend. The MACD bearish Divergence is now currently confirmed signaling the just now start of that downward trend. The break of the trend line indicated will see us looking to retest the 1.28 zone which may or may not hold and failure to do so will find us headed back down to the 1.26-1.24 range. With HEAVY GBP and BREXIT news next week, I expect a crazy amount of volatility so we want to be very careful trading GBP pairs.
Remember, patience is KEY! GL
DISCLAIMER!!!!
My Ideas are mine and mine alone and are only to provide my perspective of the current market situation. Do not take my posts as trading decisions for entries or exit. Trading the FOREX market is very risky and indulge in it at your own risks!
GBPUSD sell - continue sell trend and sell level on 1.2866I opened short position on 1.2866 and it SL is 1.2886 - 20pips. Short stop and good volume can be used.
TP - 1.2710. Far target but interesting. So RiskRewardRatio very good - 8.65 but i think that it is not achieved simply. Lets try catch profit :)
GBPUSD sell Right Now!GBPUSD is on the top of his wide flat. He make 1 impulse. Make 3 correction movements with 3 update of correction peaks. And it ready to go lower. First target is second wave - 1.3008. Next targer is 1.27. So SHORT it RIGHT NOW!
Sell GBPUSDUSD will be hading up especially with the trade war.
Look to to take profit at 1.3600 on the daily.
Just sharing my trades. This is not financial advice.
BEARISH GARTLEY ON GBPUSDOn the 4hour chart a bearish gartley has formed on the GBPUSD. There was an extension of the D leg, and it might extend a little before dropping. I believe this is a good place to place short position. Look for bearish evidence before taking this trade. Cheers
GBPUSD Sell IdeaHello Traders,
This pair needs more time to correct, watch price action at the top of the continuation pattern. I need to at least see overbought conditions on RSI. I will manage to sell as much high as possible.
Good luck!
Cheers,
Jonas
short GBPUSD on TL short GBPUSD @ 1.2995 for a target below horizontal support.
Cable has a lot of downside potential and if the dollar gets cracking then it would be easy to see 1.29.
GBP/USD Daily update (11/7/17)Price unable to break resistance at 1.3
Still bearish on this pair till 1.28
Trenches overhead will push it downwards.
GBPUSD Short IdeaHello Traders,
Price still respecting the upper trend line and is rising correctively. Watch to sell as much high as you can.
Good Luck!
Cheers,
Jonas
GBPUSD no levels are valid today!Decision on the UK's governments appeal of the Supreme Court decision is coming out today at 9:30am London time and expectations are crushing the GBPUSD
GBP/USD Brexit UPDATE *Until Article 50 is Triggered*Good Morning, Afternoon and Evening Traders
A week later from my post "Sterling heading for 1.21 level?", the cable has yet again pushed into the very low levels after UK Prime Minister Theresa May stated last week that triggering article 50 would mean the UK not having access to the single market. This wasn't great news for the cable at all, and consequently pushed the cable into eyebrow raising levels, previously seen in the October flash crash.
What now?
1.21 appears to be the cables key support/resistance level, so that is most definitely a zone to look out for. The blue sloping trend-line has been broken, which I had mentioned If was broken would indicate further selling pressure into the 1.20 level. I am also looking for potentially a retest of the sloping support trend-line, as price action may have a short-term rally and then fall away back into the 1.20/1.19 level. I'm still remaining short in this market, and i will keep you all updated on any changes.
Any questions or additional thoughts you want to add, feel more than free to comment below! More updates coming soon, Ike Okeke.
Sterling heading for the 1.21 level?Good Evening Traders,
The pound has broken through key support and resistance, now at the sloping support level. After the key S/R being broken, we had a retrace and then a continuation of the down trend. I believe the sterling now has the momentum to head back to the 1.21 level, previously seen post October flash crash. With only months before Prime Minister, Theresa May triggering article 50, the cable lacks strength with uncertainties remaining high. In the meantime, I'll be watching for a potential price squeeze, otherwise a break of the sloping support.
TWITTER: BrightForex
Many thanks,
Ike
