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Gbpusdsell

GBPUSD - Big Short opportunity almost ready once againAfter moving up correctively for several months, now once again a big short opportunity presented it self on GBPUSD. I have marked 1.37000 as a very interesting area to watch for sell position on GU since my previous analysis. We can see that everytime this pair reach this price, its rejected impulsively. This one now is looking very interesting. The price has now reach a very high value area, at the top of multi TF structure (Rising Wedge, Ascending channel). It also near has pieced through and breaking back daily inflection point (double top) area. To add more confluences this weekly close price forma very nice bearish pinbar with big wick. In the lower TF, we can see now that the price already rejected very impulsively from the top high value area. Its starting to consolidate a little now in H1 – H4 TF. I will look closely on how the price develop in this area. If the price form some clear bearish contuation structrure,.. I will take the break of the structure as confirmation for more further downside move. If we look at the bigger picture on HTF structure on how the price develop, we can see that this pair really have massive profit target area,.. there is still so many opportunity that will present it self, and I’m expecting we will finally see some big momentum on this pair for the next few months. For now, let’s see how will this pair develop, good luck..
Short
by moa_trading_journal
2
GBPUSD – Nice Sell Setup waiting for BreakOver the last few weeks, GBPUSD correctively and slowly move to the upside while approaching the sell area of TF structure. In addition, it the process, it also form a reversal Rising Wedge Pattern. Yesterday, finally, GBPUSD gor rejected impulsively from the high value area (top of multi TF structure) that I have marked from a long time. Now, the price is forming a small bearish continuation flag in H1 TF. Its not the clearest structure that we can see, but it still visible in my opinion. I’m waiting for the break of this flag structure to confirm a further move to the downside. Lets see how will this pair play out. Good Luck __________________________________________________________________________________________________________________________________________________________________ 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. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
2
GBPUSD – Getting READY for a big SELL We finally came to the end of 2020. I have been forecasting for big bearish move for several weeks, will 2021 finally start to favor the bear?? This is a hard question to answer, however one thing that I know is from the technical standpoint it says so,.. and it will be a MASSIVE one. In addition, this year we will finally end the brexit story as 2021 mark the end of Brexit transition period. Trade aggrement between Britain and EU has finally been approved. Despite all of that, what I want to tell is from the technical view. This chart that I show is just a portion of a multi high TF (Daily and above) corrective ascending structure and the price is now really at the top (high value area) of these structure. I see no other option to make use of this upcoming bearish trend beside from take the short entry as early as possible as it shows any sign of reversal. I’m now anticipating a rejection move to the downside (must be impulsive) and forming a small bearish continuation structure (H1 or M15 depending on structure). I will take a short entry as the price break the bearish continuation structure. Lets see how will this pair develop. Good Luck ______________________________________________________________________________________________________________________________________________________________ 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. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
GBPUSD 200 Pips drop was expected will it reach 1.31000 level ?GBPUSD ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Channel resiatnce-H4-Megaphone structure 2️⃣ November high & September high acting as strong resistance 3️⃣ 1.35000 acted as strong resistance 4️⃣ 1.34000 will act as key psychological resistance 5️⃣ Price below .78.6 Fibonacci retracement level 6️⃣ medium term upward pressure 7️⃣ Technical support - Bear 8️⃣ Price is well above POC-VOLUME 9️⃣ 1.29400 Immediate resistance/swing target area 🔟 Price movement within rising channel was expected #️⃣ Overall bearish trend —————-❇️——————- 📉 Technical bias-H4-Bearish Below 100,50 Exponential moving average 200 acting as immediate resistance( Current level 1.32150) Ichimoku-cloud is about to turn red-Price below the cloud Cloud resistance Bollinger band- Price is around middle band-Minor rebound expected after reaching the lower side of the band RSI- well below the neutral area - approaching oversold territory MACD-Still below the middle line, Red zone territory Stochastic - Reached 25 level about to cross-Short term bullish trend was expected —————-✳️——————- Key reversal area's 1.35000 Key psychological level 1.31800 October month high 1.35350 2020 high level 1.33500 .786 Fibonacci level 1.32000 Key psychological level 1.30700 Lower channel trend line reversal zone 1.34780 Year 2020 High 1.28638 October month low 1.33970 November month high —————-✳️——————- Bearish entry #GBPUSD Entry price - 1.33300 Take profit 01 - 1.32300 (100 pips) Take profit 02 - 1.31100 (190pips) 🚫 Stop lose 1.33800 (50 pips) ⬇️ 1.65% Drop expected ⤴️ Account growth 0.38 : 1.65 ✅ Risk reward ratio 1 : 4 —————-⚜️——————- Push the like button , And cheer up if you found useful
Short
by forexorbit