GBPUSD sell againOpen SELL order - 1.3069
SL - 1.3113
TP - 1.2867
RRR - 1:4.6
Adding new SELL order
Reasons - breakout sell level at 1.3068 and retest it
Gbpshort
GBP/USD SHORT & BEAR PLAY GBP has been under lots of pressure lately, All 8 Brexit proposals by the British PM (Theresa May) were all rejected. This has put the GBP under investor risk and uncertainty, the last 4 months been a Bullish ascending channel ride for GBP/USD. The bulls are no longer in play as the channel is broken to the downside with a strong retest and 200 ema daily crossover. The Fundamentals and Technicals tell the same story for GBP/USD which is WEAKNESS. A short will be our bias.
GBPUSD short - BrexitOver the next couple of weeks, I would think that this pair will be highly driven by Brexit.
It potentially could turn in any direction but in the rewards for the shorting the pair down to 1.18 is strong. If things turn confluence at the lower time frames should be monitored allowing with price action. However, this would need to close above the daily channel.
Pretty self explanatory chart.
GBP INDEX Shark Pattern Analysis and StrategyWe are trading 4th leg of the predicted shark pattern. We are looking for price action to break the yellow trend line which will take us to out targets on the 1st and 2nd green zones, which will complete the pattern as well. NASDAQ:GBP
GBP SHORT to 1.2484 | BREXIT Uncertainty GBP SHORT
- Weak pound due to BREXIT
- More upcoming uncertainty with the brexit date on the 29th
- Trade war in the US creating uncertainty on global demand
hurting UK exports (excluding financial sector)
- Trade surplus likely to increase during the fall in demand
- Possible upcoming Austerity in the UK
This is my view of the GBP in the current market state, what do you think?
If you get a chance to short the GBP against safer or even major currencies then this may be the time before brexit.
Ride GBP weakness down to key monthly level 1.8100 (GBP/AUD)See chart for details of trade configuration
Low Risk, High Reward...
GBPUSD sell Right Now!GBPUSD is on the top of his wide flat. He make 1 impulse. Make 3 correction movements with 3 update of correction peaks. And it ready to go lower. First target is second wave - 1.3008. Next targer is 1.27. So SHORT it RIGHT NOW!
GBPUSD nearing Strong resistance level before falling downwards.The price is making a very sharp move towards last years resistance forming a " Rising Wedge ". My prediction is it will test the resistance before falling down. Take profit at the first level where the wedge trend line is formed. This is valid in all the hourly time frames, might be a long term short position.
GBP/USD ShortPossible Head and Shoulder forming, Plus, we have a strong daily Resistance at this level
GBPAUD SHORT OPPURTUNITYIf we break and close under the flag pattern we can expect price to move towards the target zone.
GBPCAD, short-term potential +/- 200 pips on short set-up A potential short trade is busy setting up for this coming week starting on 12 November 2018.
FUNDAMENTAL
Fundamentals will probably support a weaker GBP.
Economic red news releases include GBP: cpi, retail sales and inflation reporting.
Should all of or most of these news items be negative for the GBP, a definite GBP weakness will be experienced.
Note: no significant news releases scheduled for the CAD.
TECHNICAL
Price appear to be oversold on the 4hr chart.
The Ichimoku indicator on the 1hr chart show further weakness.
It therefore imply a potential short position is in the making that might produce +/- 200 pips.
See potential price levels for entry, profit taking and risk management on chart.
Remember, anything can happen.
Happy trading
GBPJPY Weekly levels analysis
If we zoom out on the weekly chart, we can see that these orange levels are highly reactive whenever the price comes near them.
Zoomed in, it's clear that once we've broken past all three of them, we came back, retested the lowest one a bunch of times, broke through, retested the middle one just once before getting rejected back to below the lowest one again. (Notice how it kept consolidating around it lowest one, it shows and indecisiveness in the market)
So now we've fallen below the lowest level again and are currently getting rejected for the third time.
It's important to say that usually when a level keeps getting retested it gets broken and switches sides ( pivot ). In this case, whoever, since the other x/JPY pairs are seeing some weakness as well, it might be better to anticipate shorts. What we need to see is a breakdown on a lower time frame and a proper retrace in order to find a setup.
That green block is a daily bearish order block which is also acting as resistance currently.
In short: we're currently waiting for the breakdown, and a possible setup on retrace on a lower time frame. If GBPJPY -0.91% decides to go up anyway, we'd be looking for a break of that green order block and a possible long on a retrace.
Original idea by Svarog
GBPUSD / 4H / H&SWait for a break and close below the neckline to enter.
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GBP/USD ShortFundamental Analysis:- The USD is still the stronger of the two currencies with the FED looking at continuing their gradual rate raises over the near term. Even raising rates a little more than expected to stop Inflation jumping over their target. On the GBP side of the currency pair; Teressa May comes under pressure to resign as 40 of her MP's announce a vote of no confidence. This will add pressure to the outcome of Brexit and weigh further on the GBP. These two fundamentals make the GBP weak and the USD strong giving this currency pair downward pressure.
Technical Analysis:- You can see from the 4 hour chart that the price closed on a previous support and resistance zone and their was a significant push down after the pull back to 13100. Each high spike since the end of September has been lower than the previous showing downward pressure. The current price looks good for entry although after the vote of no confidence over the weekend the market might open lower. A stop loss above the high spike of 13100 is a good spot and looking for a return to 12900 in the first instance will give a reward of 3:1
enter 13060
stop loss 13110
take profit 12900
