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Gbpusdsell

GBPUSD, 4hr tf, sell bearish engulfing candle on 61.8 fibonacciHello my friends, This is a new week and we are going to start it fresh. The last 4hr candle close of GBPUSD has catched my attention because it was rejected fiercely from the 61.8 fibonacci level and closed with a bearish engulfng candle. I could say that sellers was defending this area and we could see GBPUSD go lower as long as this area hold. We could also assume the recent downward movemnt wave A / wave 1. This rejection could be the beginning of Wave-3 or Wave C. Let's see how it turned out later but for now we could try taking a sell position with SL above the recent candle high at 1.3250. If price managed to take out the recent high than this analysis become invalid. Sell GBPUSD 1.3205 Stop loss 1.3250 Take profit 1.3070 (3R) RR ratio 1 : 3 Use only 1-2% risk Good luck
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by HayatoDragonFX
GBPUSD Set a Stage For Massive Sell-OffIn the GBPUSD 4 hourly chart above, the price decline in five waves from 1.34181 high in September. A five-wave move is regarded as an impulse pattern, which indicates the direction of the primary trend. According to Elliot Wave Principle, a three-wave correction in the opposite direction follows every impulse move. In GBPUSD's case, the retracement took the shape of (w)-(x)-(y) double zigzag pattern. The most interesting thing is that, once the correction is completed the price resumes in the direction of the primary trend. If this count is correct, we can expect the price to start declining from or below the current market price in the days ahead. What's your view on GBPUSD? Let me know in the comment. Best of luck on the chart, Veejahbee.
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by Veejahbee
2
GBPUSD, 4hr tf, sell on conlfuence of resistanceHello my friends, I hoped you all are doing well with your trading. I myself am having a bad week as some positions hit stop loss. This week alone i got 4 positions hit stop loss and got 8% loss banked. Each trade was using 2% risk so in total it was 8%. Well thats not a problem because everybody will have a bad week or months in trading. Nothing to be a shamed of. For today i am gonna trade lightly and i already got some positions in mind which looks very interesting. First is GBPUSD pair. As you can see, price still moving inside the ascending channel which could be a potential bearish flag in the future. Price currently moving into an area of confluences which is the meeting point of ascending channel and horizontal weekly resitance. In my opinion, we could see sellers step in to hold this area and a rotation to the lower side is likely to happen. Sell GBPUSD 1.3265 Stop loss 1.3300 Take profit 1.3160 (3R) RR ratio 1 : 3 Use only 1-2% risk Good luck
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by HayatoDragonFX
GBP/USD SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. GBP/USD: Daytrade-Execution Note: Risky trade I personally take due to the previous fakeout of GU. Price just bounced of 1,30 and was not able to break through. We just had bad news about brexit and pound doesn`t benefit from DXY weakness which is caused by EURO demand. Sell-Stop-Order: 1,29920 Stop-Loss: 1,30190 Target 1: 1,29610 Target 2: 1,29450 Target 3: 1,29155 Stop-Loss: 27 pips Risk: 0,5% Risk-Reward: 2,83 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. :-)
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by Trading2ez
3