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Gbp-usd-short

GBP USD : The beginning of a corrective downward waveThe pound's pairs consumed the positive news at the beginning of the week about an agreement between Britain and the European Union on Brexit. The pound dollar pair continued to rise and reached a resistance area , where the bullish wave really seemed to be confined, as the pair failed to close above the ascending channel , and the corrective descending wave appeared, and the pair formed a right triangle that was able to break it lower side. The reason for this decline is due to the fading hopes that prevailed this week for the signing of the draft Brexit Agreement. Technically, if the pair is able to stabilize below 1.3310, it is a good opportunity to sell by targeting the lower side of the ascending channel and the uptrend within the price range of 1.3071.
Short
by TradingFleet
3
GBPUSD SHORT RUNNING +5.42% / 548 PIPS ! GBPUSD SHORT PROVING HOW OUR STRATEGY CAN HELP YOU LET THOSE WINNERS RUN GBPUSD Sell still running on our strategy. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by RossTyler
GBPUSD SHORTHello Traders ! Today I have this idea for you, I'm already in this trade. We have this pair that on daily TF is on a down trend, currently testing the highest price touched today, also we can see on the chart that the price was rejected when come last time here. I set my Sl above that high at 1.26450 more exactly, I entered already in this trade but you can wait to see what happen next, depends on your appetite for risk. You can set your TP at 1.25890 where we have an important zone of S/R. Overall this trade has a 3+ R/R and if you checked my last ideas you should be on profit ! Thank you for your time and please give a like and a follow for those ideas ! Have a nice start of week and stay safe !
Short
by Andrei_C
GBPUSD WEEKLY OUTLOOK JUNE 15-19GBPUSD is looking to fulfill an head+shoulders pattern based on the 4H and lower timeframes. The markets reacted this week with the Federal Funds Rate being kept at 0.25% for the USD. The markets have reacted strongly to that decision and has showed signs of trend reversals/USD strength in most pairs. The criteria I am looking for regarding this pair is 1 of 3 things. A 4HR bearish closure below 1.24730. Whether that be a bearish engulfing candlestick, bearish inside bar pattern, or a bearish pin bar candlestick. This should take this pair to 1.23500, which would equate to about 120 or so pips. Patience is key.
Short
by drewillixms
GBPUSD in a uptrend channel (3-Hour chart) - Short opportunity Just a quick snapshot of the new channel that has emerged in the GBP/USD pair. Currently trading around the upper trendline, it is likely that we will see the pair move downwards towards the lower trendline. RSI is also around the 70s, and the 20 (red) & 50 (green) SMA lines are below it by a significant amount. - MY ANALYSIS SHALL NOT BE TAKEN AS PROFESSIONAL INVESTMENT ADVICE. I DO NOT TAKE RESPONSIBILITY FOR ANY OF YOUR ACTIONS ;))
Short
by michaeldobfx
GBPUSD Short Trade *INTRADAY TREND*I quite like the look of shorting GBPUSD at this key 1.22 level. Nice 1hr bearish trendline, consecutive lower highs and lower lows being made. The 50/200EMA alignment is bearish and I can see signs of 1.22 key level resistance holding strong. I think we could see a sell off from here through the rest of the week and at least see previous lows from Friday evening retested (1.20800). There is potential for lower lows to be made at 1.20 which would be nice to see.
Short
by UnknownUnicorn772665
2