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Gbpusdsell

GBPUSD SELLLooking to short gbpusd long term. We are playing into a daily orderblock now and I would like price to spike higher into the 50% of the candle from where we can anticipate a drop. From wave analysis we can see that we have created relatively equal impulses and retracements so I'd like to see another impulsive move down from the current level. I would like price to drop down to 1.30000 as my swing target. This could take several weeks/months so please be patient when in this trade. Take partials and protect profits as market drops and when you're satisfied with profits. Note the stop loss i have shown here is very aggressive so take that into consideration if you take this trade. DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose and this type of speculative trading can result in loss and/or profits.
Short
by Turtlesoup_Maestro
GBP/USD and a great SHORT.Hey tradomaniacs, looking at GBP/USD we can expect at least a retracement from here on as there is potential high bearish confluence close to the primary trendline and strong resistance-zone (Weekly). If we close below we probably see more momentum to the downside due to profit-saves and bears which are waiting to follow the trend. Trade carefully due to low liquidity during holidays. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
3
GBPUSD - Potential Short OpportunityHey Traders, this week we will be monitoring GBPUSD . Putting all recent price action and the drop in bullish momentum in to perspective, GBPUSD is poised to face a confluence of resistance at 1.3600 - 1.3625. NB: A confluence of resistance or support is simply an intersection of two or more key levels. Market participants are more likely to gather around an area that involves two or more factors rather than an area with just one. The aforementioned price zone coincides with the fib's golden ratio (61.8%) drawn from swing high to swing low and the down trendline. I expect price to retest this key level and should the market fail to break the bearish market structure from a daily perspective, I will be shorting the pair. Take Profit 1: 1.3450 Take Profit 2: 1.3350 Take Profit 3: 1.3200 Stop Level: 40-50 pips above entry price Happy Trading Week Ahead and a Pipful 2022! Please like and leave a comment.
Short
by K_Budu