Gbpusdsell
GBPUSD LONGS GU here. Potential for a long on this pair, have a ascending trend line, ema plus a fib level which, if respected could be a good entry for a long. Be cautious with this pair as GA and GN look very weak so this may just crumble so don't put a big lot size on maybe 50% of what you would normally do just to be safe.
200 PIP GAIN 5/1 RR
GBPUSD - FOREX - 18. FEB. 2020Welcome to our weekly trade setup ( GBPUSD )!
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1 HOUR
Bullish reaction back towards our resistance
4 HOUR
Good short entries now, prices in pullback
DAILY
We need a drop shortly, taking out last short holders before dropping.
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FOREX SETUP
SELL GBPUSD
ENTRY LEVEL @ 1.30220
SL @ 1.30860
TP @ 1.28940
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPUSD---> Get ready for sell:G ood day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Gbpusd:
*A comment:
A more hawkish position by the Bank of England and a more positive report on UK GDP helped the pound offset the onslaught of the US currency. And positive notes from the negotiations were generally accepted by bidders with enthusiasm. As a result, the foggy Albion currency grew by 165 points, which at the close of the week marked an increase of 1.28%.
* Technical comment:
The currency pair worked well for the consolidation and technical support of the downward channel located in the zone 1.29-1.2880.
At the given moment, the pair found resistance at 1.3060-1.3080. The pair begins to consolidate in front of this zone, its breakthrough will open the way to 1.3120 - 1.3180.
Support and resistance levels for the current week:
Resistances:
Supports:
* Orders and positions:
We closed our long position from February 11 to 1.2913. And at the moment we are considering short sales from current values with a short #stoploss of 1.3108. and longer #takeprofit at 1.2870.
(! Attention, these are preliminary price levels and we reserve the right to change them).
Best regards,
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GBPUSD, The long-term trend is downLast month the GBPUSD stopped right at the resistance line, just below the Ichimoku cloud.
We are only at the beginning of the current month, but you can already see that the current candle supports the bear model.
The GBPUSD is below the important moving average lines and below the Ichimoku cloud so our recommendation is to sell
Target: 1.2750
GBPUSD SELL IDEATechnicals-
Market structure on 4HR chart showing price making LH's and LL'S.
Trendline also confirming the down trend with fib confluence of 61.8% Rejection at high volume area.
Fundamentals-
We have brexit news in just under 3 hours at the time of posting this chart. Therefore, it could potentially provide the liquidity required to move this pair aggressively which is why I am happy to take the trade at this time.
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