Gbpshort
GJ EW UPDATE1. Truncated wave 5 means the current wave is making abc correction upwards
2. This impulse and correction waves can be constitued as wave 1 &2.
3. Further downside is expected to finish up the C leg.
Sell angle level on GBPUSDOpen Sell position on 1.3092
SL 1.3121
TP 1.2986
RRR - 1:3.6
I think many major pairs is going down (xauusd, audusd, gbpusd). What about USD ?
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
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
