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Gbpshort

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
Short
by fastboiijd
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.
Short
by GeorgeZii
GBPUSD IDEAS (SHORT)Whats up guys, back with another idea babyyyy, been dealing with some stuff is why im absent yet again. Life has been crazy but thats what makes us wiser, but lets hop right into this one: So as we can see, GBP has taken an extended drop and we can clearly see this from the hourly chart. Price wasnt being decisive about dropping until the very end of the trading morning. This being said, we see the price is below the 2 EMA's i have marked on the chart. It would make sense for us to have short targets rather than long, until we have a solid accumulation zone at a lower support. But until that support is found, we can continue to search for shorts along the wave of this move. I havent been giving my all to my trades and from this point on im going to be spot on because i wat to grow with you guys as better traders. So im going to be doing my best to pump out these ideas as well as start a telegram where traders can share ideas and just collaborate. That way we have an environment full of traders learning and carving their way along this path. Stay tuned for my next ideas, we going stupid precision fam. TRADE SMART AND TRADE ACCURATE GUYS SEE YOU SOON!!
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by fastboiijd
GBPAUD is about to DROPGA has been ranging back and fourth between 1.85000 and 1.82000 and I believe price is about to make its way back to 1.82000 , if so price will create a double bottom and move up back towards 1.85000. Price could also move down from where it is now 1.83000 to 1.82000, and continue falling. Price reached its resistance at 1.84940, fell, and now is about to test the green zone below. A big move down CAN happen, especially because of upcoming news this week for GBP and also AUD . I gave three possible scenarios, let me know what you guys think!
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by lobfxempire
GBP-USD Daily and Trend AnalysisGBP-USD Daily and Trend Analysis It took decades for sterling to drop below the 1.4000 price mark well it looks like it may take another decade for it to break above that. The daily chart on the cable looks quite bullish for the past few days however the H4 begs to disagree seeing a closeup on the trend reversals, the UKs economy on the other hand haven't been too promising for a bullish sterling. In the coming days we could likely see price play around the 1.3---level but only for a while as the market is poised for a decline in price. Traders and investors will be paying more attention to the breakout below the consolidation channel of the ABC Elliot wave pattern at the price level of <1.28-- ❇️ Trend Resistance R1: 1.3100 🛑 Trend Support S1: 1.2800
Short
by niclaxfx