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Cableshort

GBPUSD ShortMy analysis for the next 48/72 hours. A break below and retest of 1.33000 will indicate a continuation to the downside, and so, I will be looking at short trades from here down to 1.32000. Second plan will be to look at the exhaustion phase (retracement) of the push phase of the market to complete. Therefore looking at price to break above 1.33600 and retest 50% retracement level and/or 61% @ 1.34000/34200 before looking at price action, patterns and processes to take the trend down to 1.32000. Any price action above the 78% retracement level and specially 1.35000 my bias will change to a bull trend bias where I will be looking at trades to go long. DYOR before placing any trades. Analysis are for educational purposes only.
Short
by mrchoudhury
2
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. Please like, share and subscribe if you find this idea useful. 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.
Short
by MissC_FX
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.
Short
by ObsoleteFX
GBP/USD – Week 17 – Bearish sentiment to increase?As we anticipated in our last week’s outlook, GBPUSD found some resistance at our target and started to drop. For this week, we expect the price to continue being bearish and drop towards the support area that we highlighted, having a chance to break the $1.36 low. 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.
Short
by financialflagship
11
GBPUSD possibly bearish scenarioPrice will go above 1.378 to reach above the equal highs to capture liquidity and a possible scenario is price will hit a key level @1.38110 and retrace to below the equal lows at 1.368. DXY has very obvious bearish market structure forming which makes me think we can see a move to the upside to capture some liquidity. Sell@ 1.38110 SL: 1.387 TP: 1.357 Levels to look for early profit taking: 1.37770,1.37, 1.367, 1.384 level can be early SL depending on how price action forms around there.
Short
by pgrande10
GBP USD SHORTPrice has came to retest a previous level of resistance in the market. Its appears we have had a fake out above this resistance level before seeing a bearish engulfing candle close back below this level. This also lined up with rejections at a key fib level. On lower time frames we will be looking for a break of the next level of resistance before considering shorts. If things develop how we planned and we take a set up, we will be targeting around the 1.368 level. Let me know what you guys think!
Short
by Geordiefx
2