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Gbp-usd-short

Short GBPUSD Brexit deal trade initial entryToday the sentiment is that there will be significant pressure on the pound. Trumps comments that the Brexit deal is a good deal for the EU and that the UK may not be able to trade with the U.S. have initially trigged sterlings sell off this morning. Those comments have been watered down to an extent by a UK spokesperson clarifying that the UK can make trade deals with the US. All that in combination with the month end flows favoring the greenback I like a GBPUSD short from the 38.2 pull back of this mornings sell off. In addition this will be my first of a series of Pound shorts leading into the house of commons vote on the Brexit deal. The market seems fairly convinced that it will be rejected. This will drive sterling lower into the lead up to the event itself. I am going to be trading into this event. I feel the trade that has the most upside potential come the event proper is if the house approves the deal. The market is currently pricing in a rejection of the deal. If the house approves the deal there will be massive volatility as the market scrambles to price this unexpected turn of events. I will likely trade into the event with a series of trades and look to get in on the Monday before to take advantage of the expected spike. I will also be ready to close a short position and open a long position if the house in fact approves the deal.
Short
by FX_Trade_Plan
We expect the level to breakOur pair again reflected from the level of 1.3150, after which it headed down. Our technical indicators show the sale. To date, we expect the FOMC statement and the publication of the Fed's interest rate decision. We can assume that until this point the dollar will continue to strengthen against the pound. We expect that the pair will test the level of 1.3080 and in case of breaking, the pair may continue the downward movement to the level of 1.3010. Therefore, we advise you to look for points to enter short positions.
Short
by SuperForex
The pair has slowed downAt the moment, we see on the chart that the upward movement has slowed and after the rebound from the resistance level, the price is preparing to test it again. The price did not reach the next level which is at 1.3490, and technical indicators have already turned for sale. We assume that during today's trading may be a slight upward movement, after which the pair will resume the downward movement. Therefore, we recommend taking short positions with SL above the mark 1.3490. The goals to consider are the marks near the level of 1.3330
Short
by SuperForex
13.04 GBPUSD Short [ALREADY CLOSED]Hi guys, forgot to post this setup at the time of entry because it was frickin late. It was a double top setup on GBPUSD on the 13.04. With 5 confluence factors for this trade it is categorized as a B Type setup. Sadly I was closed out the next day for a full loss of 1.00%, nevertheless it was a good setup, losses are just part of the game of trading. I see alot of people, especially on the frontpage, who would never admit to being "wrong" and instead of doing so just find new trendlines, formations or other confluence factors validating their trade idea. There is no successfull trader without a loss, these people are nothing but fakes. I trade on probability. I know that my system works, I dont cling to ideas and I let the market show its cards. I only have to execute my trading strategy as flawlessly as possible and I will (and am) in the green in the long run. Best wishes and happy trading
Short
by Schlabberlatz
GBP/USD analysisNice trend has formed on GBPUSD at the end of this week. Based on wave A and B I expect point C to not only break through the yellow dashed support but to reach the main purple support level. I've been following this trend since point A. The general trend is an uptrend, it started around March 2017; the idea here is to find trends within that long uptrend; this here is an example of a nice trend within that general uptrend.....USD was doing alright this week and looked as if it was going to continue that performance but sadly not; huge moves across many pairs; (other pairs like EUR/USD are looking like shorts also). CPI for UK coming out next week along with some important US data, so we'll see if it'll effect this pair; it already seems to be overbought but we'll see; if not then a nice short for this GBP/USD. Cheers everyone and great weekend.
Short
by Jaye