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
Gbpusdsell
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
GBP/USD SELLFrom Higher time frame I can see that a rising wedge pattern has been formed as shown by the green trend lines , near a key resistance area , which price failed to break above it multiple times.
adding on to the confluence, in the 1-H time frame i can see a triple top pattern being formed as shown by the orange path drawn , near the key resistance area, indicating the price to fall.
I expect the GBP/USD to fall until it reaches the next key support area marked by the green rectangle , thus following the g rey path that is drawn.
GBPUSD - SWING - 26. JANU. 2021Welcome to our weekly trade setup ( GBPUSD )!
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1 HOUR
Bearish closure below main sr level.
4 HOUR
Expecting more downside pressure towards previous support zones.
DAILY
Good short setup following current trend.
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FOREX SWING
SELL GBPUSD
ENTRY LEVEL @ 1.36750
SL @ 1.37340
TP @ 1.35460
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPUSD Short (Sell) Trade Setup IdeaGBPUSD has recently broken out from a range that dates back to June 2018. There's not much in the way of the current rally and price is quickly approaching a relatively strong supply zone. Keep an eye on price action at lower time frames as it approaches the sell zone for potential shorts.
There is a strong possibility that this supply level will fail to hold and the next level for shorts on the daily timeframe would be 1.43, however, the zone there is slightly weaker. The next strong supply is at 1.47.
GBPUSD-- Buy for Short time ... Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
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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..
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
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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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