Cable
GBP/USD, no need for a parachuteAfter some long and dull consolidation, we are finally seeing some confirmations of a downside breakout. We are opening sell positions and aiming for the are identified on the chart
Potential Sell On GbpUsd Watching GbpUsd for a potential sell between 1.4130 - 1.4140 to take out the below Sellside Liquidity. If we break above this level we can look for a run above the highs above.
GBPUSD SHORTTechnical Analysis for GBPUSD on the 4H Timeframe.
Mixed feelings for the Cable for the week ahead.
As expected, Cable went to retest the 1.41800 area before heading down on Friday to the 1.41000 area.
My Personal BIAS on GBPUSD is BEARISH but ONLY after taking out the buy stops resting at the 1.42000 area, before crashing towards the 1.40700 key level.
If I will see a rejection from the 1.41700 level, I will consider it as a strong confirmation that the Bearish OB resting at that level is a valid block and I will take a sell.
If not, we will wait and take a sell position from a higher level above 1.42000.
As a first Take profit, I will look for the 1.40700 level. The second TP I will consider the GAP that needs to be fill at around 1.40000 level.
It only depends on the strength of the greenback.
It will be an interesting week ahead.
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What is your opinion on the CABLE for the week?
Remember: THIS IS NOT FINANCIAL ADVICE. THIS IS ONLY A TRADING IDEA. Do your own research. Use proper risk management. Never trade without a Stop loss and open positions accordingly to the size of your trading account.
GBP/USD, next destination: DownsideWe are waiting for the price to break the rectangular box to the downside and potentially re-test it before we open SELL positions for this one and aim for the tectonic plates
GBPUSD - SELL -08/06/2021✨Hi there Traders✨
I’ve done a thorough analysis on this pair and this is my outlook
I’m Bullish on this pair and I’m utilizing market entries to snipe these entries
I have used Trend-lines, S&D zones and Psych Levels to analyze this pair
Share your thoughts with me down below and any suggestions are appreciated
God bless you !
Slick⚡️
GBPUSD shorts after price action i am watching gbpusd around 1.39273 to short this pair back into recent lows we have multiple confluences in this zone
1. structure break and retest
2. 0.618 fib confluence
3. atr for today is around this area
if we see clear bearish rejection i will be looking to short this pair
GBPUSD - PERSONALLY BULLISHThink with the fundamentals we should be looking at buys here.
Just needs to break the resistance.
Cable Sentiments' Remains Bullish, But Pullback May Occur 1stHigher time frame sentiments for GBPUSD remains bullish. An immediate rise above resistance may likely be rejected which will cause a pullback towards the rising trendline from where another impulse leg will commence.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GBP/USD, all the way upAs it can be inferred from the chart, the price was able to reject the Weekly area of resistance. We are waiting for the price to drop a little bit more before we can open BUY positions and aim for the upside
GBP/USD - CRUCIAL Level in Price. Where are we heading?!🤔We are currently testing 1.42 yet again on this pair.
A potential long term double top formation has occurred. Will this, coinciding with the 1.42 whole level be enough to turn the tide on this pair and put USD bulls back on top?
Always zoom out to the HTF and mark key long term levels - then scale down!
GBP/USD, time to sell soon!As indicated on the graph, firstly, we are expecting the price to rise till the major area of resistance plotted on the chart. Afterwards, we will be looking for possible SELL positions and aiming for the target illustrated.
GBPUSD History always repeats itselfHistory always repeats itself, especially in the markets. This isn't the end of Cable yet, but it will come.
One more spike to the upside to take out the shorters and way down we go.
GBP/JPY Signal - GBP Retail Sales - 21 May 2021GBPJPY is trending to the downside today prior to the GBP retail sales data, which measures the total receipts of retail stores domestically. Technically the pair has done a break and retest of the support trendline, and the PPO is doing a bearish cross. We anticipate a retest of support at 153.35.
Strong Bearish Setupafter a false breakout of the cable on the 4h chart, i think it's the best time to sell the GBP USD, next target it will be the high on the uptrend.
Good Luck
GBP/USD, bullish continuation🧙🏻♂️CABLE is on a nice bullish rally. As indicated on the chart, the price has come down to re-test the previously broken structure before continuing its move to the upside. We are looking forward to opening BUY positions around the circled area and aim for the moon😈
Gbp/Usd : Inevitable stop loss cluster hunt 1.4400 handle ?Gbp/Usd is trading inside the Strong Rectangular range since the Brexit, lacking essential catalysts for an upside breakout/Central bank keep intervening it to support the economy. On daily TF, price is approaching the strong resistance around 1.4200 and likely to make 150-200 pips high to clear the cluster of stop losses / Speculative Sentiment Index is around 30% on an average. Having said that, it is not that easy for the price to break upside range invincibly without any strong economical or geopolitical catalyst. Hence we are expecting a phase 1 retracement towards the 23.6% fib around 1.3560 once the above mentioned stop loss cluster of 1.4400 handle is cleared.
Daily Trend : Up
Major Trend : Range
Signal : Sell Limit @ 1.42xx-1.4400
Stop Loss : 1.45xx
Target : 1.3560
GBP/USD – Week 20 – Bullish sentiment to resume.As we anticipated in our last week’s outlook, GBPUSD started to drop from the channel upper line.
For this week, we expect the price to break the top, but not in a straight line. This move could turn out to be very slow.
Keep an eye on Wednesday’s UK Consumer Price Index data as it could create some volatility.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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GBPUSD (CABLE) LONGi see the wave of market and market condition is says price go higher. now at this time projected price are 1.4466
GBPUSD SHORTIf price breaks and closes below support level. Next we can expect price to continue down to Basline support level of higher timeframe H & S structure.
Sell, GBPUSD 1.40000 Rejection. Reversal before long.First-time publishing, South African, been trading for a few years. Please like, share, and follow.
Daily - Double Top formation at key level 1.40000, rejection.
4hr - Shooting star candlestick - this is most effective when formed after a series of 3 or more consecutive rising candles with Higher Highs are formed which is a strong confirmation for a reversal.
1hr - Candle rejection at 1.40000, closed bearish and below previous candle.
Current Sell at 1.3950. SL secured. Trailing stop.
Sell Stop set at 1.39800 and TP will be 1.39350.
