Gbpshort
GBPJPY we are confirmed in uptrend on 12 june 2017 ..but we have a strong daily resistance at 148.100 which the price can't break it since 16 dec 2016 ... and also the pair make higher lows which confirmed ascending triangle which make us think that we are going long on the long term but before that .. we see on 4 h chart a double top pattern which make the pair going short to the area of 143.000 and 142.800
best sell points are:145.000/144.000
$GBPUSD | Wolfe Wave + G Wave = Harmony? | TestGoal of this test is to see if price will reach the 1-4 line of the Wolfe Wave within close proximity of the Green G wave level.
If so, could this be the ever elusive ETA of the Wolfe Wave??
Maybe.....just maybe.
-Sirak
GBP: A reversal model for a possible downtrend.The resistance level of 1.3049 was not breached. It is possible to form a descending model 3W. The target level may be a long-term support level of 1.2106.
GBP/JPY *SELL*You can see over the year we have been trading between the two main support and resistance. From price action you can see this market is starting to lose momentum trying to break through the resistance barrier. Bearish candle sticks and short term 2 hourly trend line has been broken. Think its time the pound dropped!
let me know what you think!
GBP: Possible to turn down.Possible to turn downwards with the target level in the area of the support level.
Cable Exhaustion: Fundamentals back in playBulls getting exhausted.
This was simply a short squeeze with no fundamental catalyst.
Strong bearish divergence on 4H chart.
Fundamentals should come back into play.
Brexit likely to have negative effect on UK growth. Monetary policy divergence vs Fed and global USD shortage remains.
Real money will begin to flow out of the UK, serving as the catalyst for the next short leg in Cable.
GBP - long-term consolidation
The pound has formed a long-term consolidation. We trade within the consolidation or at its breakdown.
GBP: Consolidation in consolidation - sell setup.Possible rollback up on the news with further breakdown of a small consolidation down.
GBPUSD - Bearish rotation?A series of lower highs, inside a big triangle / wedge (see daily or even weekly timeframe) we could see a bearish rotation down to the bottom of the wedge.
Coming from a historically strong and significant resistance area (1.2555) I see a potential bearish ride down to 1.2300 and possibly further. While venturing down I'm looking to lock profit after passing 1.2400.
Anything can happen. Feel free to comment your thoughts.
GBP has been interesting the past few months to say the least.
GBPUSD - After our breather, comes the next dive.We have hit a historically strong and stubborn support & resistance zone, a psychological round number 1.2400, a 0.618 fibonacci retracement of X-A, and our momentum has been weakening - and even broke to the downside.
Now its time to jump on the bear train again! Or at least I am.
Targets are marked on the cart, with a potential zone which we may very likely hit within the next 30 days.
Entered: 1.2392
Elevator, bring us down please.
LONG TERM CABLE SHORTMassive head and shoulders pattern on monthly chart.
We may test all time lows at 1.05.
GBPUSD - Short setupWill the bouncing continue?
We see a clearly defined, triangle-narrowing movement on this pair as we're respecting both structure and trendlines more and more lately. We're heading into a triangle, and price-action seems pretty determined.
IF it continues we could pick up some profit on the way. It might aswell be a trap, with a break to the upside.
I chose to enter, because of above, and we also see a double top, respecting the trendline, and we ALMOST see a 2618 in the 15 minute chart (bearish candle did not close below the lowest low of the V point between the double top) I did however initially base this setup on the hourly.
Risk to reward is good enough for me. No matter the outcome, it will be interesting to follow - will this pair stay determined on its bouncy narrowing route?
GBPUSD (15min) short opportunity with 2618A setup with two targets, triggered by the 0.618 retracement of the double top. And, the retrace also runs into our falling trend line.
First target - retest of previous low.
Second target - above historic support level
Feel free to ask if somethings on your mind, I'm as transparent as can be.
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I do not recommend using my charts and ideas as a signal to enter a trade. These charts are intended for my own personal review.
GBPUSD Short opportunity with batman and 26182618 completing any moment, and above we have batman soaring. I put my entry order in between these two aiming to follow these down to 1.25000.
Lets see if we get picked up this time.
GBPUSD 15m - Bearish bat - Short opportunityBearish bat with trend line together with structure as resistance.
Lets see if we can squeeze out some profit
Short GBPJPY last day before XMAS!Just technicals, continuation triangle forming going to break down to weekly S2 or atleast daily S2
Medium-term Cable Short - fundamental + technicalFX:GBPUSD
Fundamental: the risks of Brexit continue, which should continue to weigh on Sterling.
Technical: Cable was rejected at 1.3050, and shows divergence on short term charts towards the 1.30 level.
Below the psychological 1.30 handle, cable is bearish and should head towards 1.25 if the current economic climate persists.
CABLE SHORT TO 1.30: Fundamental and TechnicalGBPUSD is trading above 1.33 today, despite the broad risk-off sentiment which has seen JPY up on the day.
Fundamentally: Fed members are hawkish, and at least 1 rate hike is on the table this year. September is a close call - and if we believe the hawkish rhetoric of the FOMC recently - the market is underpricing a rate hike in September. This is bullish for USD.
The UK has seen a slew of good data, however the risks of Brexit remain, as well as the uncertainty about the process itself. Furthermore, it is likely that BoE cut rates in November to protect the economy from such risks, in the event they do arise. QE is still ongoing, however GBPUSD trades above pre-QE levels. This may mean Sterling is overvalued in the near term.
Technically: there is strong resistance at 1.345 / 1.35. The hourly chart shows strong divergence above 1.34. There is much risk to the downside - 500 pips till the post-Brexit low of 1.28.
CFTC data: a few weeks ago, GBP shorts were at record highs. Since then, shorts have reduced. This suggests there is potential for shorts to start building positions again, and that the GBP short squeeze came to an end when Cable was abruptly rejected from 1.345.
Many major banks forecast Cable below 1.30 by the end of the year. I agree with this, and am short from 1.33 until 1.30, after which I will re-enter short on pullbacks or on a clear break of 1.30.
