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Gbpusdshortsetup

GBPUSD: Cable woes continue?!GBPUSD Intraday - We look to Sell at 1.1820 (stop at 1.1900) Buying pressure from 1.1621 resulted in prices rejecting the dip. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. The trend of lower highs is located at 1.1901. Preferred trade is to sell into rallies. Our profit targets will be 1.1600 and 1.1500 Resistance: 1.1840 / 1.2015 / 1.2155 Support: 1.1500 / 1.1330 / 1.1000 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
1
GBPUSD sell watch as buyers struggle to hold a minor rally. Thanks for stopping by TradingView community. Today’s video update is on the GBPUSD as plenty of signs continue to tell us that price continues to sit in a downtrend. (last weeks LL after new LHs) At this point, we’re waiting for new evidence that Friday’s close lower could be a new extension lower. First, we could see today’s rally fail and break Friday’s low setting of a potential sell signal. If we see a small higher close today, we would then look to see if tomorrow’s action can break that low, signalling a potential new sell signal. If we see a rally today and price closes above 1.2355 we would start to question seller strength on the short term. UK inflation is hinted at possibly reaching double digits, and it currently sits in the 9% range, but fortunes still look to be driven by the USD. Despite a rally after the UK raised rates last week, we still saw declines on Friday after the USD rallied. We hope everyone had a pleasant weekend and good trading.
Short
by Eightcap
GBPUSD | Good Sell Opportunity.When it comes to the technical analysis of GBPUSD , you might get an impulse to the downside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a sell opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area; which used to be a support area . And also don't forget to place the stop just above the entry area. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by maxprofwizard
4
Next Week Be Ready..Hello Everybody So I was doing my Analysis today and as expected GU is shifting in his bearish mod again The original entry was missed on my side at the top of the shift, but it is never too late to hop on the train, so for the next week I'm expecting GU sell-off as marked some good Supply Zone's to look for shorts Anything can happen of course but will we see a retracement to the 4h supply zone or will the 15-min supply hold give us new lows on GU I'm excited about the next week, enjoy your weekend (On the Chart the PH stand for Protected High of the current TimeFrame and LQD is the Liquidity side we are targeting)
Short
by ivancadramac
GBPUSD: Significant BreakdownThe British pound has broken down rather significantly during the course of the trading session on Thursday as we continue to see a lot of US dollar strength based upon “risk off” trading in general. At this point, the 1.34 level has been pierced quite significantly, and it now looks as if we are trying to break down towards the 1.32 level underneath, which was the recent low. We had been in a significant down trending channel, and now it looks as if the market is likely to continue to see quite a bit of that selling pressure as the initial breakout above the 200 day EMA looks to be a “false breakout.” To the upside, if we can take out the 50 day EMA and/or the 1.35 handle, then you can make an argument for at least an attempt to get bullish, but the market is so bearish at this point in time I think it is difficult to get positive anytime soon. Ultimately, I do think this is a market that eventually goes much lower, due to the fact that the US dollar is strengthening against everything else, especially as we have seen so much in the way of hawkish attitude coming out of the Federal Reserve. If the Federal Reserve is in fact going to continue to tighten, and there is nothing that suggests they are not going to, it is likely that the US dollar will be a big winner. Short-term rallies will almost certainly be selling opportunities in a market that has been bearish for quite some time, despite the fact that we did have a very significant move higher near New Year. While the Bank of England is likely to raise interest rates, they are not tightening in the same manner that the Federal Reserve is, and of course way and people start running for safety in a “risk off environment”, the US dollar is typically one of the first things they go running towards. The size of the candlestick for the trading session on Thursday is rather striking, and it does suggest that we are going much lower. I do believe that the British pound will maybe outperform some other currencies against the greenback, but that does not necessarily mean that that it will be positive. It just might be “less bad” than some of the others.
Short
by SmoothJB
2
GBPUSDAccording to the technical analysis of the pair: There are new attempts for the GBP/USD currency pair to exploit the decline to form a buying base to return to the path of its last ascending channel. This requires more momentum factors, otherwise the pair will be exposed to more momentum to complete the recent selling operations. Bears eyes are currently on the 1.3330 support on the daily chart to confirm the strong and continuous control. On the other hand, the 1.3600 resistance will remain the most important for the currency pair's return to its last ascending channel.
Short
by SmoothJB
GBPUSD On an important resistance areaHello dear traders, I decided to share my analysis of the GBPUSD with you... GBPUSD On an important resistance area because : 1- Daily bearish channel roof. 2- 61.8 % of descending wave! 3- Static resistant area between 1.3570 to 1.36. 4- Hidden divergence in oscillators like RSI , Momentum. 5- Fundamental reasons for strengthening the dollar like the Federal Reserve's propensity for contractionary policies. 6- You add the following reasons!! . . I'm glad to see your likes and comments. To contact me :sarikhani.finance@gmail.com . . Goodluck
Short
by sarikhanifinance
2
[TRADE IDEA] GBPUSD could get shorted from the demand zoneGot 5/5 trades right this week on GBPUSD. Going short on this pair has been a miracle this month. For today I am looking for a shorting opportunity from the that I have drawn above (Square Blue Box). With the confluence from 4H bearish move, I am confident with this trade to make 60 pips of profit while risking 20~30 pips (depending on your lot size) For this trade I am placing @1.32440 And if it triggers I will wait for the market structure to form bearish structure before placing my Goodluck
Short
by enkhtulgabatt