GbpUsd- to maintain its rangeAfter reaching a local high at 1.4250, GbpUsd corrected around 500 pips and found support in 1.38 zone
The pair is trading in a very well-defined range now and I expect to continue to do so.
1.4 zone is resistance and, in my opinion, this resistance should be sold
Only GbpUsd back above 1.41 would negate this scenario
Gbpusdsell
GBPUSD SELLHello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in GBPUSD .
I still did my best and this is the most likely count for me at the moment.
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GBPUSD DowntrendHi there,
GBPUSD is still in a downtrend on Monthly Timeframe, didn't break last top, and now its setting up for a change of trend on daily and weekly timeframe
This is a long term view, the target is mentioned in the chart, lower than 2020 March
After we hit that target, GBP will change his trend to a Uptrend on Daily, Weekly and Monthly timeframe
Pay attention to the price action arround 1.40/1.41, cause we will make a lower high there, and we start a sharp sell off there.
Good luck
GBPUSD - Sells running too - last buy hit TP 📈👍Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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The stats for this pair are shown below too.
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Darren
GBP/USD SELLGBP/USD has been in an uptrend for a long period of time, and it has managed to break the 1.40 level .
However the price failed to break the 1.41 price level and has rejected it potentially indicating a reversal .
Adding on to the confluence I see a Head and shoulders pattern that has successfully formed which also suggests a potential reversal to happen .
GbpUsd- Correction to come?The trend for GbpUsd is clearly bullish with the pair trading in a channel from the beginning of the month.
With the pair reaching and even passing above 1.4 psychological figure, a correction is not out of the question and the pair could fall to channel's support
A risky trade can be selling rallies above 1.4 figure but a safer approach is to wait for correction and try to buy dips in 1.3850-1.3900 zone
GBPUSD Rise to 1.14500 and sell from 1.14500GBPUSD Rise to 1.14500 and sell from 1.14500
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GBPUSD – Still waiting for Short opportunityGBPUSD surely is on a clear uptrend recently. If you follow all my recent forecast, you will know that i’m waiting for a short opportunity in this pair. However, in the end, the market just decide what it want to do. I rarely get an entry trigger confirmation and the price keep moving to the upside.
Above all of that, I stil havent changed my long term view. As long as the price keep moving up like this, keep extending in this corrective manner, I still think sooner or later it will fall down heavily. What I’m waiting for a entry trigger is of course for the price to drop impulsively first. I want to see a clear rejection to the downside (at least in H4 / daily TF) continued by a bearish continuation structure.
As of where the price sit right now, I think we’re already in a very decent area. The price could start its 1st impulsive bearish move here. However, in the end, just let the market decide what it want to do.
My PLAN B is for the price can still move up from here and my second area of interest to sell entry is rejection from 1.44000 area.
For now, let’s see how will this pair develop, good luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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GBPUSDThe long bull run for Cable is finally starting to loose steam. As you can see, the last higher high (HH) was formed around the 1.3950 handle (-27.00% Fibonacci Retracement). It has also broken broken out of the parallel channel by forming a bearish engulfing and closed below the 1.3875 zone. A confirmation of bearish reversal can be attained with a break of structure around the strong demand zone of the 1.3750 handle (38.20% Fibonacci Retracement ).
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GBP/USD SELLOnce again the GBP/USD is reaching the major resistance level (1.3750) in which it hasn't been able to break above it since 2018.
I expect the price to retest this resistance level , failing to break above the resistance and the p rice to fall until it reaches the next support zone , following the grey path drawn