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Gbpusdshortsetup

GBPUSD: Correction move probability Hi to all, GU was came a strong resistance level last week. As we know it is in a strong bull trend but i wait a correction fall from this resistance. You can see the pinbar at the last candlestick. After this candle, we can wait an engulf candle too and we could named it a price action formation after that. 1.3190 is the most important support, if it come. Because it is bottom support of the uptrend. The first target of the correction should be this trend line. I'll update this analysis with formations for entry a trade in lower timeframes next week. Have a good weekend all. If you find it useful, please support this idea with LIKE and writing a COMMENT.
Short
by FXLoungeIN
GBPUSD NEXT SESSION PLANS YO YO YO We back baybbbbeeeeeee! how yall doing, hope we started the week off on a blue note of course. If not, we still have the rest of the week to get the gainz in. Lets jump straight into this one. So GBP had a drop today but the drop was extended through the slower period of the day, around 12:30 pm to be exact (my time). I don trade past 11:30 just to stick to the volatile hours of the day. So I have to setups here, one continuing the drop we saw earlier, and one suggesting that price is making a bunch of liquidity to shoot back up during more volatile hours. Now since we are sill in an uptrend on the hourly and the 4h chart, it be more logical to be biased for a buy. that being said, price has gotten comfortable around the trendline i have marked in red. If we see a break of that trend line we can be safe in saying price will continue to drop. For further verification we can wait for price to break the support just below that trend line (in green). If price decides to shoot up, we will most likely see a break out candle simply from all the built up liquidity on this little channel we have i guess you could say. Either way, we are ready either direction price wants to go. But to be one sided im going to be looking for buys before sells simply because of that trendline moving upwards. Thanks for checkin out my ideas, hope you guys enjoy the content and dont forget to follow me to stay up tp date with my ideas daily!!
Long
by fastboiijd
1
GBP/USD Broke one month support.Currently, GBP/USD is trading at 1.3048. The pair is trading in a downtrend and broke the one month support level at 1.3065 to continue the same downtrend, as the price went below its previous support level, which is a clear indication of continuing the same downtrend. So, its first target price is at 1.2778 and the second target is at 1.2600. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
GBP/USD Technical Analysis.Currently, GBP/USD is trading at 1.3102. The price has formed a head and shoulders pattern. The pair may start a new down trend if it breaks the support level and neck line at 1.3011, likely It is possible that the pair may rebound back after touching support levels. If the pair starts a new down trend after breaking the support level and neck line, then its first target price will be at 1.2844 and second target price will be at 1.2740. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5