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Gbpusdidea

GBPUSD Idea for the weekPrice has recently tested the long term bearish trendline and has also tested the 61.8% Fib level. I will be looking to go short on a combination of 3 or more of these confluences: Break and retest of level 1.36000 Break and retest of Bullish Push Line Bearish Structure Bearish Candlestick Pattern Moving Average Crossover Strength on the DXY If price fails to go lower and breaks + retested long-term trendline, it could be retracing towards this previous high Previous Analysis on GBPUSD
by NoahXBorg
GBPUSD October OutlookOn the large scale, The overall Trend is still Bearish. However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY; Thus, I will expecting a retracement towards the area around level 1.36000: Confluences at level 1.36000: Previous Flip Zone (Red) Fib Golden Zone (50%-61.8%) (Gold) Test of long-term bearish trendline Level 1.36000 Entry Criteria (Best with 3 or more confirmation): Break and retest of counter-trendline (Red) Retest of golden zone (Gold) Retest of Flip Zone (Red) Retest of Level 1.36000 Bearish Structure Bearish candlesticks Moving Average Crossover DXY shows strength on a retest of support
Short
by NoahXBorg
GBPUSDIn my opinion, I still see Buy trade in Higher TF and I consider as an opportunity to entering the market with the combination of SnD and Elliot wave In SnD(Supply and Demand) there is an Orderblock at 1.35000 And I consider trendline which ended near OB in D1 TF which give me more confidence to excute the Order And the last reason there is a Zigzag as Wave 4 always there is appearance of any corrective patterns(Triangles, Zigzag, Combinations...) just as I see there have Zig zag patterns Note; Be reasonable when you place your Orders and always use proper risk management
Long
by EmmanuelJB
4
GBP/USD Short Setup After Daily Closure To Get 300 Pips ! No Entry Right Now , We Should Waiting Until Daily Closure To Confirm , If We Have Not Daily Closure Below 1.36000 So This Idea Is Not Valid This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Short
by FX_Elite_Club
8