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GBPUSD - oppurtunity for the Bulls to rush in (temporarily)
GBPUSD
, 240
GBPUSD: GBPUSD - oppurtunity for the Bulls to rush in (temporarily)

Some news for GBPUSD Bulls ... Check on the 15 minute chart ... A PENDING Falling wedge/Descending Triangle is forming on tentative supp ...It could break out and hit./target the marked TL areas ...depending on the strength but this will be more correction than impulse .. Im getting increasingly BEARISH on the POUND ...as we go along ...

GBPUSD Bull Trap aftermath .. lets wait for confirmation
GBPUSD
, D
GBPUSD: GBPUSD Bull Trap aftermath .. lets wait for confirmation

#GBPUSD - Daily #economicfreedomFX Have a look at the contextual trend lines ...which stretch back many months ago Price is still reacting to them, and the way its going, this SUPPORT is looking more fragile for me ... there is a big room for a SHORT in this Pair, wiping out a lot of technical bulls ... lets wait for confirmation ...

Watch out for a Bull Trap ...
GBPUSD
, 240
GBPUSD: Watch out for a Bull Trap ...

Just my thoughts and ideas ... on what could happen

Possible move.. once Price hits marked BUY zone ..Exsp Channel
GBPUSD
, 240
GBPUSD: Possible move.. once Price hits marked BUY zone ..Exsp Channel

Have a look at the chart, I've plotted possible path price might make

Possible BUY ZONE , for expanding Descending Channel
GBPUSD
, 240
Long
GBPUSD: Possible BUY ZONE , for expanding Descending Channel

Check the circled BUYZONE .. Place BUY ORDER there ...

Fantastic opportunity for a serious LONG
GBPUSD
, D
Long
GBPUSD: Fantastic opportunity for a serious LONG

Just have a look at the Price channels and the 1 Year Context of Price movement ... Price at the moment, is sitting on a fantastic zone , where its retesting previous Levels, but in this context, its on previous Mid Channel. Just have a look at previous consequences of this and other Channel zones on price ... Institutional Traders will be looking to make profits...

Awaiting Price Action from Previous Trend line Resistance RETEST
GBPUSD
, 240
GBPUSD: Awaiting Price Action from Previous Trend line Resistance RETEST

Price is currently on previous Trendline resistance... RSI on Higher Time, could form a Dbl Bottom ...

The Blue Bulls are coming !!
GBPUSD
, 240
Long
GBPUSD: The Blue Bulls are coming !!

Ok, so, if you study this pair over the last 3 months, post Brexit, it has been a study in Trend reversal and I have enjoyed being part of it .. Price broke through recently on Trend line resistance(Maroon) from Sept 1. Its been in reversal since Sept 6, but we await price to touch on the channel floor. Which has been a driver for price recent bullish run. I...

GBPUSD - 4 Hours
GBPUSD
, 240
Short
GBPUSD: GBPUSD - 4 Hours

The general setup, from WEEKLY is SHORT, but Price is currently going through a RETEST, of previous support/now resistance. I would look at price to FAIL to break it and price will go futher down to next strong support at 1.30530

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