[Potential] GBPUSD Short Opportunity GBPUSD Short Opportunity
Breakout the box (consolidation)
For safer trade, please set sell stop at below the Inside Bar.
Gbp-usd-short
Technical analysis GBPUSDHi traders.
If you want to enter short position, better to let the stochastic Indicator cross down .
I wish you all the best.
GBP/USD 4H SHORTGBP/USD May fall 80-100 pips
Insight - Price has pushed back up just below resistance at 1.2222 and support now at 1.2040 after forming a double bottom. Two touches at the resistance line after possibly a third rejection, this could mean more downside if entry for the sort is reached.
Intraday - 4H
Trade: Sell
Sell or Below 1.2040
Entry: 1.2117
Target TP: 1.2040 & 1.1915
Pivot and Support 1.2040
Alternative scenario:
Trade: Buy
Buy or Above: 1.1226
Target TP: 1.2297 & 1.2407
GU weekly view price actionPlease use proper money management if you want to follow this trading plan, GBPUSD weekly view possible short based on price action view.
GBPUSD long short tradeGBPUSD just broke out from a local trend line ascending since Nov/2019 and will go short
my entry point will be: 1.29468
targets are
TP(1): 1.2779
TP(2): 1.2548
TP(3): 1.23989
TP(4): 1.22215
a stop-loss will be @1.31037
Take a look @ my trading Idea about GBPJPY 1000+ pips
If you agree with this Idea Please support
Don't forget to leave a LIKE
Check my idea's here: www.tradingview.com
follow me to get the latest analysis daily
thank you
Short GBPUSDGBPUSD has a strong support line, its broken through unlike the other times. Entry off the retest of the strong support/resistance line.
GBPUSD Trade IdeaHello Traders,
Here's my analysis for GBPUSD, and the update for GBPUSD finished Wave B
GBPUSD weekly reversalCheck the price labels.
For further details on this trade or any help please message me, and happy trading! :)
GBPUSD SHORTShort GBPUSD looking for continued downside trending after touching resistance. A breach of resistance could signify a breakout and strategy should reverse.
GBPUSD NEUTRAL I'm more Bullish Bias'd than Bearish but always am prepared to adapt to market momentum. GBPCAD/GBPUSD Share a very strong correlation, there's a channel cross over which can be a little confusing if not understood properly. The aggressive but proper buy enter would've been the D leg in the AB=CD Pattern (Complex) but because price is in an area where price can very well reject and reverse, we are waiting for price to breakout and hit either our Buy or Sell Order. I chose these levels because it was give us a clear view of where price can potentially head towards.
GBPUSD | 1HIn this situation I see again a price drop where if it reaches TP1, SL can move up to 50% of TP1 and thus it will have a safe profit.
:)))))))))))
GBPUSD - POTENTIAL SHORTA very similar pattern is running across all GBP pairs (double tops).
GU has broken a recent support line.
Our bias is short. This chart is far more clearer on a H4 timeframe.
Short on GBPUSDOpening this Week on GBPUSD. Head&Shoulders pattern, great RR-ratio, and the crossing MA soon confirm the forecast. Target the next Support Line.
GBPUSDWe had an up flat and we just broke the support level after it we can wait for the pull back to the resistance level and after the touch of this level we can wait for the big movement down to the closest level.
My plan on this trade you can see in the chart.
Short GBP/USD on weekly chartShort GBP/USD on weekly chart
Stop Loss = 1.3462
Entry = 1.3012
TP1 = 1.2562
Two positions with the same stop loss and x1 target for the first position
The stop loss of the second position to breakeven when the first position hits the target1.
The second position has no target, only exit
Risk= 2% of account capital (1% each position)
"Top and Bottom Analysis" GBP/USD by ThinkingAntsOk4H CHART EXPLANATION:
In the 4H chart we observe that price started a big bearish movement since it broke the Ascending Trendline. We was expecting a little bounce at the Support Zone but price did not do it and broke down. Now the next Support Level is at 1.26730, so we will wait for a confirmation of the move to take any position.
Updates comming soon!
MULTI TIMEFRAME VISION:
Weeky:
Daily:
GBPJPYGot a decent short in on this pair last week but i am still leaving my stoploss where it is incase of any pullbacks that may occur. Overall my bias is bearish for the pair.
Decline is expectedOn the chart, we observe that the pair has risen from the level of 1.28. According to the Elliott wave theory, when it reached the level of 1.3320, the turn began.
We believe that the pair will continue the downward movement and advise you to take short positions. Set support levels and take profit near the 1.3080 and 1.3025 marks.
