Gbp-usd-short
GBP USD swingDaily zone on the supply - the USD is strong and further to this, bearish pressure of the supply is very strong.
Our first entry has been taken - patience is now the key after holding profit and 'losing potential' profit - but this is just greed.
Main thing here, is simple supply and demand.
3 Entries running
1 swing
1 scalp
1 medium term trade
Awaiting now the traffic order block on a rejection zone, where will hedge.
Enjoy the trade - any questions feel free to message in private or here.
Grazie
Lupa
GBP USD shortWe had a strong downward rally, retracement but failure to break 1.25 - resulting in a long consolidation {within the gold box]
- we have now broken out of the consolidation box to the downside as 1.23 failed to be broken.
NFP produced horrible job creation but grew in artificial strength because of this.
Next- we have added shorts and will add positions where pullbacks apply.
We expect this to be a swing trade and at 4 hour zones draw down 25% of current pips.
Trend = Bearish
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
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
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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.
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: