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Gbpusdsell

GBPUSD Bearish Impulse - Minor CGBPUSD is starting a Bearish Impulse in Minor C (orange). Wave B (orange) is most likely a Running Flat. However, based on Elliott Wave patterns, it could also reflect as an Expanding Flat. But I don't think so. I am going short on the Pound Dollar. GBPUSD tech. Analysis: * Elliott Wave: Ending Diagonal on Intermediate (C) (white). * Running Flat in Minor B (orange) * Sep '20 Bearish Fractal * 38.2% Fibonacci Retracement of Minor A (orange) * Up-Trend Breach * Channel Consolidation GBPUSD Trading Signal: * Entry @ 1.2170 * SL @ 1.2500 * TP1 @ 1.1800 / TP2 @ 1.1600 / TP3 @ 1.2500 * BUY STOP @ 1.2050 * Aggressive Entry @ Market Price * Moderate Entry @ 1.2320 *Safety Measure: when in the green, moving SL to BE. Many pips ahead! Richard, the Wave Jedi.
Short
by Lionheart-EWA
4
BEAR MAY TAKE CONTROL FOR WHILE ON GBPUSD (11 DEC 2022)Educational Analysis says GBPUSD may go SHORT. According to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why SHORT? On the 1HR timeframe, the pair is about to reach on supply zone. After that, it may go down to 1.19212. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS HOW TO TAKE ENTRY ON THIS? I would suggest that if the price reaches the supply zone, I would put a sell limit order with a 46.7 risk-reward ratio. As the price would move down I would post a comment on new trade entries with a good risk-reward ratio. SELL LIMIT ENTRY:- 1.23366 STOP LOSS:- 1.23455 TAKE PROFIT:- 1.19212 RISK-REWARD RATIO IS 46.7.
Short
by VishalBudhrani
3