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GBPUSD - SHORTFollowing on from the EURUSD posted; GBPUSD has a more ready to go shorting entry right now on the 1HR timeframe. 1) At resistance of the down channel; while just completing a bearish Head and Shoulders from Friday. 2) RSI was in oversold territory on Friday and price never hit the overbought green line; signalling a bearish move to come. 3) Bearish engulfing candle has formed; this gives me more reason to enter right now. Fundamental sentiment is bearish given the BOE's forecast from last week with high inflation predicted at 13.3% in UK and a likelihood of several negative GDP quarters signalling a recession is highly likely in the UK. Stops are just above 618 level. Target price is lower wick of Friday.
Short
by Boogeyman123
EUR-USD next resistance ahead! Hello, Traders! EUR-USD is surging, defying all the technical analysis Which means that it is going up on fundamentals However, no tree grows to the sky And the next resistance is ahead of us I begins on 1.22222 with the high being 1.25211 I expect the growth of the Euro to Stop on this level At least for some time And that will give us a ton of great reversal trades! Like, comment and subscribe to boost your trading! See other ideas below too!
Short
by TopTradingSignals
3
EURO_YEN STRUCUTRE ANALYSIS| TRADING PLAN daily view EUR_JPY IS TRADING IN A RANGE ABOVE STRONG DAILY SUPPORT| (1) Trades on the edges of the range still possible yet are becoming more risky. (2) Long or short are excellent trades after breakout pullback as shown on the chart. (3) Long shot short/longs pre-breakout from the opposite sides of the range possible. (4) More risk and more profit too. Decide for yourself. _______________________________________________________________________ LIKE and SUBSCRIBE for VIBEZ!
Short
by ProSignalsFx
1