GBPUSD ShortDXY looking bullish right now to make a higher high on the megaphone on daily chart, so because of that I will be looking to short the GU after the retest. let me know what you think in the comments
Gbpshort
GBP USD ShortThere appears to be selling pressure
Short Selling would be advised
Stop Loss Levels to be followed
GBP/AUD - Short Hey Guys,
GA is looking great from the higher timeframes for a longer-term move lower. I have just been tagged into my position for the short, the at least complete to the lows of the larger flag. I took this based on the lower time frame price action of having the first push and flag from the third touch of the larger structured flag.
In this breakdown I explain:
Full top-down analysis
Why I have been away for a while
My gameplan if I was to be tagged out for a loss
my profit levels and management plan
Hope you had a great week all!
As always, if you want me to break down a pair then send me a message.
GBP/USD Tehnical Analysis for Today Will be Updated Stay TunedPurple Line = Daily SNR /Trendline
Red Line = 4 Hour SNR /Trendline
Orange = 1 Hour SNR /Trendline
Yellow = 15 Minute SNR/Trendline
Will be Updated During the Day Stay Tuned
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Wish you succesfull and consistent trading with profits!
This is not an investment advice.
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GBP USD MAY GO SHORT ACCORDING TO MY ANALYSIS. {6/6/2021}.Disclaimer:- Educational Analysis says GBP USD may go Short according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why short?
Looking at the pair weekly is held up. And daily is down.
On 15 min time frame pair making a lower high and lower low. Which can touch to the daily support at 1.4012. And plus
in 15 min tf, i Saw a double top which is confirming the pair is heading downside.
On 1 hr time, frame pitchfork tool is applied on the 2nd top.
For extra confirmation just zoom in and see the last candle before the market closed on Friday has bearish engulfing.
The risk to reward ratio is 1:1.99.
GBP ShortI'm predicting there may be an opportunity to short GBP against other currencies Sunday evening, before the JPY interest rate announcement Monday Night.
GBP is differentiation on USD, showing weakness compared to the other currencies. The other currencies gained strength, and are all above their Simple and Weighted Weekly Moving Averages against market low USD. GBP is still underneath its Simple and Weighted Weekly Moving Average against market low USD.
Furthermore, it's GBP's 10 Day Linear Regression Offset is rather close to passing the Smoothed Moving Average on many charts.
Looking for a nice short on GBPNZDLooking to see if GBP can pullback to hunt for some liquidity before pushing lower, could possibly be a decent trade to the upside for about 50-60 pips but I find that when market sell-off they sell hard and fast don't want to be on the side where there is a clear downtrend on the H1 chart.
Will see how this one plays out next week.
#gbp #gbpnzd #gbpnzdshort
GBPJPY PUSHING HIGHER TAKE PROFIT REACHEDOur first take profit target is hit!
We have now closed half the position and will look for continuation of trend.
I will update analysis when we have more information available.
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ORIGINAL TRADE IDEA BELOW
GBPUSD SHORT TRADE 1D DAILY ENTRY : 1.37521
STOP LOSS : 1.38950
FIRST TAKE PROFIT : 1.36450
RISK : 1% CAPITAL
Once first take profit target is hit we will close half the position. We will then look for continuation of trend. As we have more information i will follow up with an analysis.
GL.
Please feel free to comment and discuss.
If you like this idea or traded it with me please like and follow for more ideas.
GBP AUDTesting 4HR Resistance.
Usually rejects this area.
Trendline being tested also.
20 MA being used as support can see potential shorts soon.
RSI Bearish Divergence.
The Pounds Climb Against the Dollar- Some Reference PointsThe pound has been incredibly strong against the dollar through early 2021 and it has peaked out at 1.42418 following some sharp downward momentum. Here are some potential reference points for this week as well as some longer term POI's that might come into play in the near future. The Pound's rate is at a similar level as 2016 yet interestingly enough the US 10 year bonds are at levels similar to 2012 lows and though they seem to be recovering from almost nothing. None the less, the Dollar still may be in trouble on a short term basis. Cash has been printed on a widespread basis and there is a now seemingly exponential growth to the money supply in the US compared to normal trends. Compared to Asian counterparts, the Dollar has preformed seemingly well with similar equity market conditions which brings me to my next point. As the dollar continuously loses value, and the potential growth sector in the US equity market corrects, it raises the question: has the US moved out of the euphoric market state into recession like trends? I choose to take the standpoint that though the outlook may be grim, no, there is not a recession on our hands and the dollar is likely to recover some of its losses within the year as long as the Fed keeps a steady hand.
GBP/AUD 4H ShortHello everyone! GBP/AUD has closed below the previous support on the 4H chart. My TP will be all the way down at 1.74200, the SL is at 1.78550. Good luck with your trades!
GBPCAD AREA OF SUPPLY. SHORT IDEAI have annotated the relevant levels. Equal highs being formed so I'm expecting price to fly past them to take out stops and capture the remaining liquidity from the supply zone above where we seen a strong imbalance in the price.
I am going to be very active on this channel from now so follow up for more set ups and content!
Brexit Done! So What?Even though GBP has been crashing the pairs left, right and center, we believe it's time to turn the tables. Time for a deeper correction!
Enter at 1.352, SL is at 1.358 while TP is right at 1.34
Good luck out there! Follow for more.
GBP/JPY SellConsistent patterns playing out. Perfect 4H rejection at the previous resistance. My target is the current 4H support and i will update you from there. Good luck!
GBOUSD CONTINUATION DOWNWARDSWhats up guys, back with another idea. Dont forget to leave a like and if you wanna stay updated with my ideas go ahead and follow the page! We are getting better everyday.
Now, on with the idea:
So, we see that pre NY session, the pound was stuck in a consolidation zone. We can take from that, price is getting ready for a major play. WE can see the tall wicks at the tops of certain candles, telling us sellers are pushing down. Pair that with the fact that we are making lower highs in the process. We can conclude we are forming a down trend and we can proceed to see a drop to the lower supports i have marked. the green dashed lines being targets and the blue being a major level.
Remember to use price action, risk management and be patient. Play the game, dont rush it.
Trade Smart, Trade Precise. Lets get it snipers
Brexit dark clouds are still here no matter what - GBPCHF SetupUK and EU might seem to find a common path after latest talks but Brexit is a fact now, and the Pound won't come out unscathed after 31st December. Even a deal takes place, the economy of UK will be harmed. GBPCHF is an example of how investors will probably be willing to move their funds to CHF after Brexit to seek for a safety shelter.
It's not a secret that Switzerland was always a shelter for the bad days. History won't be any different now. Prepare up.
On a more technical aspect, GBPCHF lastly topped just below 1.22 providing a resistance that bears could rely on to capitalize. This was followed by a bearish wave sequence 1-5. Currently, we find price completing the 4th wave. That means that latecomers jump in the market, and initial positions are increasing, providing more bearish pressure for the Pound vs Swiss Franc.
1.20 is considered to play a catalyst role, on if this setup will be accurate and reliable or not, for two major reasons.
1) It can play the role of a psychological support as a big figure or
2) It could be a "locked level" that cannot be surpassed as wave theory's principal talks about the fact that Wave 4 "DOES NOT" overlap Wave 1 territory.
With these - fundamental and technical reasons - being mentioned, I expect further bearish progression, aiming a major channel support that can be see in the chart below.
