Get started

Gbpusd4hrs

This is how GBPUSD presents a handsome short trade opportunityTrade Idea: We can see that GBPUSD has formed a double top and price has broken the neckline of the M formation, now price has retested the neckline so I will only be looking for short trades targeting next S/R zones as illustrated in the chart. Previously, I took a short trade when price retraced back to the 0.618 level (also my favourite retracement level), targeting the next S/R zones, however, the next safe entry level would be a retest of the EMA14&21 in combination with favourable rejection/reversal candles. TP & SL Levels: TP1: 1.2076 TP2: 1.1943 SL: 1.2243 Technical Analysis: * Price below 200EMA. * RSI 14 below 45. * Respecting the Light Blue Downwards Trend line * Break and Retest of the Neckline Fundamental Analysis: Brexit Talk with EU not going well (Bearish GBP) UK issuing negative yield government bonds (Bearish GBP)
Short
by JKFXTrading
2
GBPUSD An Underwhelming Piece of............... Tea LeavesGBPUSD.... You just got to do this ? I've put my hope on your demise... And this is what i got !? SHAME I SAY !! SHAMEEEEEEEE !!! Me, Peesha and Tea... Are staying so far far away from this pair for now. I have problem with this pair. We are not in talking terms....... See, i estimated the downfall would be equal to the Initial wave A. But no....... It has to make a Diagonal C. It has to make the DIAGONAL ! WHY !? Do you hate me so much !? *Ahem* I am sorry for the outburst... I ran out of tea recently. . . . . . We are looking at the possible long term upside on this pair. But be aware, I don't trust this pair........... If it manage to break 1.30518, we are possibly in a Bullish Run. At least in the Short Term...... (UNLESS IT WENT CRAZY AND KABOOM ! WENT TO 4.618 ! YES WE ARE BULLISH !) *Ahem*... Yes ? Overall, Its Bullish. So enjoy your tea..... And do eat peesha once in a while. I heard they imported new cheese. My oh my, such a delightful news......
Long
by Arthyus
GBPUSD Technical Analysis: Downside Pressure Support at 1.2865 GBP/USD is trading below the 50, 100, and 200 Simple Moving Averages on the four-hour chart and Momentum remains to the downside. Moreover, the Relative Strength Index recaptured the 30 levels, exiting oversold conditions. The graphs show a clear bias to the downside Initial support awaits at 1.2865, the fresh two-month low. Further down, 1.2830 was a support line in early February. It is followed by 1.2775 that was the low point that month. 1.2675 is next. Resistance awaits at 1.2920 that held cable down earlier in the day. 1.2960 was the low point in March and a swing high earlier this week. 1.3020 held the pair down beforehand. GBP/USD Sell Area 1.2950/60 level Take profit Area 1.2850 level . Other side of GBP/USD Breakout and stable 1.2980 level then next target 1.3050 and 1.3100 level. GBPUSD touch 1.3100 level Must be Sell GBPUSD because H4 200 ma Moving Average 1.3100 level . Daily SMA100 1.2964 Daily SMA200 1.2963 Previous Weekly High 1.312 Previous Weekly Low 1.2978 Previous Monthly High 1.3384 Previous Monthly Low 1.296 Daily Fibonacci 38.2% 1.2885 Daily Fibonacci 61.8% 1.2897
Short
by Saleh11
GBPUSD H4 *Long Opportunity*We currently have price action of 1.32141 sitting very tightly under a resistance of 1.32154 . After a strong show from the bears on Friday pushing the price down to 38.20 Fib level the bulls quickly recovered back up to the 1.32 area, closing Friday on another green candle to where we are now. I do believe the sentiment of the Pound is still long, with the bulls showing their power still so it would be nice to see the price taken to at least 1.3260 area and back to a full retrace. Also meeting the 4 hourly trendline, which may present another opportunity to catch a short on the way down. I will need a confirmation of a break of the 1.32 resistance before making any decisions, will be watching market open this evening and into the Asia session .
Long
by JordanWillson