GBP-USD-SELL
GBP/USD WEEKLY OUTLOOKGBP/USD ANALYSIS 7/12
The idea is not labeled as LONG or SHORT
because price is stuck in a correction
We are seeing the start of a correction
Keep in mind price will range and will accumulate liquidy
before the next impulse move
TO STAY UPDATED REGARDING THIS PAIR...
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GBP/USD ANALYSISThis is my view on the situation between those two pairs, if you like it, I will appriciate your like.
selling GBP/USD pairi genuinely believe that GBP/USD is going to go down for a bit as it rejected a critical level i will be placing my stop loss at 1.18937
and i will let it run however i will keep you updated when i close it
GBPUSD DAY Trade Sell Day Trade !!!. We can open sell till a break of the daily trendline & Retest 1.28883 Tp 1 . Moving Sl above entry / Above trendline.
If we have a bounce from TP1 we have to monitor the price action back to retest the trendline a rejection would give us our TP2 1.27677.
Many Thanks.
GBPUSD SETUP AND NEXT WEEK PROJECTIONSTake profit for last weeks entries should be taken now for around 400-450 pips which I will have posted again at the bottom.
For further details on this trade or any help please message me, and happy trading! :)
GBPUSD SHORTWe offer information and technical analysis about investing in the forex and crypto markets, but not personal advice. Please remember past performance is not a guide to future returns and that investments can go up and down in value, so you could get back less than you put in.
~Anthony
GBPUSD Triangle patternIt is really clear to see that we formed pattern 'Triangle'. Now we have to wait when the candle broke the level of support or resistance and after it sell or buy. But don't be harry if you are afraid of taking the movement down you can wait for the retracement to the key level and after it do your job
Breaking the levelsTo date, the pair has a downward impulse and continues to consolidate under the new levels of support. The next level to which the price goes is 1.3135. We believe that at the moment there is a good opportunity to enter for sale.
Therefore, we advise you to take short positions in the pair and expect the price to reach the 1.3090 and 1.3010 marks.
Trend has changedOn the chart, we see that the pair broke through the support level and fell below the moving average MA (120), which may indicate a change in the medium-term trend and at the current moment we see confirmation.
We believe that this is not a false breakdown and the pair will go further downwards. Based on the Elliot wave theory, the 3rd wave is formed, which should be stronger than the first one and has the potential to advance to the level of 1.2805. We advise to take short positions in the pair and consider the marks near levels of 1.29, 1.2860 and 1.2810
GBPUSD Swing trade We've recently some good news coming from the U.K but how long will it last? it could be a good opportunity to sell now as the trendline appears to be holding.
GBP/USD shortpossible M formation at recistance level 1.29000 and possible move down for continistion of elliot wave B.& C for correction.
