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Gbpusdsell

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
GBPUSD, 4hr tf, sell on confluence of resistanceHello my friends, Today we are going to sell GBPUSD as i think price pretty much overbought and looks like bulls start to exhausted. If we do an Elliott Wave count, we found that we are at the end of Wave-5 and pretty much we will see an ABC correction soon. Price also moving inside this upwards channel respecting it for the last 4 weeks. Finally it come to meet an area of confluence resistance at 1.3485 and was rejected from it twice already. With this second rejection at this resistance then i am convinced we could try selling GBPUSD now. Sell GBPUPSD 1.3475 Stop loss 1.3520 Take profit 1.3295 (4R) RR ratio 1 : 4 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
2
GBPUSD - Wait for the big sell opportunityAfter waiting for seeral weeks, finally now GBPUSD start to looks more promising. Its now has reach the double top area of HTF structure while forming a Rising wedge in the process. The price is now rejected from the double top area and top of rising wedge structure. Its now starting to form what appear to look like a bearish continuation flag on H1 TF. If the price break below this flag structure, it will confirm the move to the downside. I set a sell stop entry here with sl above the flag and target up to 1.27000 area 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