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Gbpusdsell

GBPUSD#3--->Time to sell:£ / $ #Technical_analysis and #Orders Good day, dear # investors and colleagues #traders! Your attention a technical analysis of the currency pair #Gbpusd: #Comment_to_past_week: The foggy Albion currency corrected to lower expectations of a weakening monetary policy by #Bank of England. In one of the interviews, the new chairman of the Central Bank of England # Andrew # Bailey said that it was necessary to wait until there was more clarity regarding the economic blow from the outbreak of the virus. However, at the moment, market participants are all assuming that the incoming statistics will convince the Central Bank to act at the next meeting, which will be held on March 26. At the end of the week, the pound grew by 223 points (+ 1.75%). #Technical analysis: Globally (D1): Globally, the currency pair has returned to the downward channel. The upper border of which is at around 1.3120-1.3140. Locally (H1-H4): The asset moved into a vertical trend, which is usually followed by consolidation. The pair is approaching the level of 1.3060-1.3080 which will be able to adjust the price down. By tradition, we call the weekly support and resistance zones: A) Support: 1.2944 & 1.2837 B) Resistance: 1.3151, 1.3258 & 1.3466 #Orders_and_position: - Leading indicators: demonstrate entry into the potential sales area. - Price behavior indicators: show the way out of the normal movement, which proves that the current trend is redundant. - Trend indicators: show a trend up. - Fundamental analysis: In the direction of the pound, the main role will be played not by macro data, but by negotiations between Britain and the EU and the meeting of the Bank of England on March 26. Given the recent comments from politicians, it is extremely difficult to say that they are close to a compromise. Even more this fact is confirmed by the fact that the first round which ended on Thursday led to 0 result. The parties did not move a dead point even an inch. #Deal: Potential sales. Given all of the above, our fund will seek to open short positions in the currency pair near resistance levels, before which there will be stabilization of indicators and normalization of price behavior. We will open positions with a short stop and a long take profit. Potential sales areas for us: 1) 1.3050 2) 1.3120 But in case the price starts to return earlier than these levels, it will be interesting for us to open positions below. Regards to subscribers, Ltd ”Wermelgion and Partners Investment”
Short
by WockBruder
GBPUSD - FOREX - 18. FEB. 2020Welcome to our weekly trade setup ( GBPUSD )! - 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. - 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!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
36
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, Ltd ”Wermelgion and Partners Investment” !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Short
by WockBruder