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Gbpusdsell

GBP/USD - bearish flag formation before next BIG bearish moveGBP/USD price retested the broken daily ascending trend line on the 18th and 19th September, before continuing to the downside early last week. Price then found support at approx. 1.2741 level and began forming a bearish flag late last week between 1.2765 and 1.2700. There is a zone of confluence shortly coming into play between the potential end of the bearish flag and a descending 4H trend line. We will be looking for rejection from the 4H descending trend line, followed by a close below the 1.2700 level before entering another short position on this currency pair. Initial price target will be 1.2550, with a secondary target of 1.2088. If price closes above the 4H trend line, this analysis would become invalid.
Short
by TheForexFellows
[GBP/USD] SELLER IS GONNA WIN THIS WAR?1. Weekly timeframe: - Big Bearish trend bar after Market reaching to weekly resistance zone. 2. Daily timeframe: - Market broke the uptrend structure. 3. H4 timeframe: - New resistance zone was created near the uptrend structure break. After reaching to this resistance zone, market created a new resistance zone -> This tell us about seller pressure is coming. - Beside it, for trading pattern, We can see the 1st TOP of W pattern appeared -> Where is the 2nd TOP of this pattern? at this time. engulfing appeared -> This signal for 2nd leg. => So, with these informations, + New resistance + 2 top pattern -> We can place the sell order with stoploss above the 1st TOP.
Short
by NamDaoFX
1
GBP/USD - retracement of impulse before bigger move down?GBP/USD price has been, what we believe, to be in a retracement this week so far. After a strong impulse down last week, price is making it's way back into a region which we believe would be excellent for shorting opportunities. This zone represents a confluence between daily ascending support lines now turned resistance (since they have both been broken), the weekly descending trend line, the 100 DAY EMA, and the psychological level of 1.3000. After entry, targets for exit would be the 1.2760 that price briefly touched last week. If price can break that level of support, then a target of 1.2620 would seem sensible. If price closes back above 1.3050 this analysis would become invalid.
Short
by TheForexFellows
4
GBPUSD - potential downwards move for gbpusdHi all traders, This is a trade analysis for gbpusd. Please note that the trend is still showing as UP. But it has reach an important level and now posing some sort of reversal pattern of H&S The left shoulder and head has already been formed. With USD possibly strength noted, we should be wary for this pair to continue downwards. So take note of the right shoulder formation. For now, i will only be looking for sell opportunity for gbpusd. Any buy for GU will only take place if the head is broken. Cheers and have fun trading the pips for this pair.
Short
by FxTradingWarrior
GBPUSD is in correction phaseGBPUSD Due to the broad weakness in US dollar the cable got some boost even there is a brexit worries are ahead and the UK economy is still in lagging phase GBPUSD has broadly reached the 1.34800 level and started falling towards the 50% Fibonacci retracement level which is at 1.32700 On Elliott wave principal the minor waves A,B,C is completed we can expect downward Elliott wave correction in coming days Minor head and shoulder pattern is also forming at his level Yesterday the supportive trend line was broken and we can expect a retest at 1.33650 Which is a 23.6% Fibonacci retracement level Suitable selling orders may placed at this level and the potential take profit will be 1.32700 which is a 50% Fibonacci retracement level Brexit headlines will make this pair more volatile in coming days Please like, subscribe and share your ideas and charts with the community Disclaimer! This post does not provide financial advice. It is for educational purposes only
Short
by forexorbit
GBP/USD SELL IDEAHey tradomaniacs, welcome to a new free trading-setup. Notice: ALL TRADES today especially major-pairs are very risky ahead the ADP-Figures! GBP/USD: Daytrade-Execution Market-Sell: 1,33600 Stop-Loss: 1,34050 Target 1: 1,33150 Target 2: 1,32895 Target 3: 1,32630 Stop-Loss: 45 pips Risk: 0,5% - 1% Risk-Reward: 2,16 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez