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Bearishgbpusd

Bearish (SHORT) GBPUSD-DXY (US Dollar) is overall bullish, so I will be looking to buy/go long US pairs. -GU is in an overall downtrend and after some bearish pressure, expecting price to make a retracement. -Price formed a double top and broke below the neckline, ultimately creating a lower low. -I am expecting price to make a retracement and potentially stop hunt and test the 50.0-61.8 fib level, confirming the break of structure/testing the neckline of the double top. Please Like, Follow, Comment. What is your analysis?
Short
by NoCeilingsTrading
2
GBP USD sell target is 1.3450Hello Bears, I can see the GBP USD is about to make the third top of the bearish correction, by reaching 1.3430 - 1.3450 support area and got some buying volume will liquidity discharge to the 1.3600 -1.3620 resistance area, going short to pounce back to the support area. as you can see a vertical line on dates 27/10/2021 and 9/11/2021 these cyclic trends will show us some trend impacts. I put a regression trend between the two dates to see where the price will go, I also highlighted the previous two tops and waiting for the price to make the third one. Target is 1.3430 - 1.3450 support area, I always prefer to put a hedge position just in case the price goes against us. Enjoy
Short
by youssefallax
LongTerm and ShortTerm Analysis of GBPCHF, This monthly chart is a possible bullish bias I have for GBPCHF over the long term. A bullish upmove to my 382 @1.76048. You can see that here: What is my fundamental reason for this? My theory is that if the vote for new british leader is lost by Boris Johnson, then the Pound is bullish. Now if this fails, odds are the pound will continue bearish, but if the Pound is currently bearish I have an alternative below: If price manages to break 1.2938 then bullish bias is confirmed for buys all the way to 1.34 But if price is BEARISH: Assuming Pound breaks 1.269 then confirmed down trend to my short term 382 and 618 take profits, 1.26158 and 1.24445 respectively.
by CryptoKarmaker
GBPUSD : Shorting chance on trendline breakHey Guys, GBPUSD is retesting the resistance area which it broke previously if it's in bearish mode on hourly this resistance will act as point of reversal to downward move. So we are expecting to enter short in GBPUSD only on break of trendline. Sometimes false breakout happens, part of the game. If you are an aggressive trader out there hourly candles are facing higher price rejection at the resistance area so that you can enter, but aggressive means higher risk in trade. Check your risk n reward before initiating any position. I have marked targets at half-way bcos I have planned to book partial positions profit little earlier. Hit likes if you agree...thanks for you support ! Happy Trading !
Short
by InsiderB