Gbpusdshortsetup
GBPUSD - POTENTIAL LONG AND SHORT SETUP FOR NEXT WEEK!We can already see price testing support area @ 1.29285, as the markets closes for the weekend. What we could see during the opening of the London market session is either price re-testing the support area, so the big boys can stop hunt those who are holding their sell positions over the weekend, then a complete bullish movement. Or for price to continue on the uptrend to resistance level 1.29699.
We see resistance area at 1.29699 previously tested. Only Short @ 1.29699 when the London session opens which is at 8am. However, from 7:30am check to see if a strong bearish candle opens, which will be an indication to short, BUT Place the trade at 8am. Unless you are very confident, you can enter early from 7:45am. TP 1 @ 1.29285. Please note only enter this trade when price fails to breakthrough 1.29699. This could either be on Monday or Tuesday! MY TIME FRAME I SWITCH BETWEEN 15 MINUTES & 1 HOUR.
GBPUSD SHORT M15 ANALYSIS - PRICE AT TOP OF BEARISH FLAGHey traders, after today's volatility due to the FOMC interest rate decision, price has started to calm down.
On the H1 and M15 charts for GBPUSD I see a bearish flag pattern, which is a continuation of the bearish move I saw last week.
We have a pinbar for price action to confirm sellers coming in, with a follow up down move.
The stop loss is set just above the upper line of the bearish flag pattern.
The risk to reward is 2.85.
Daily trade analysis and ideas:
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GBPUSD Sell SetupAt the moment, we're looking for price to give us more downside to confirm the leading diagonal we forming into wave C. At current levels, we can see price correcting the down move from 1.2567. A sell setup will be confirmed if price breaks below and closes below the correction. Let's be patient and wait for clear confirmation.
GBP/USD short position see a sell opportunity here, the pair seems to have a double top pattern formed on the 15 minute chart, we took a position probably a little bit too early but we will play it out, usual just keep stop loss set up and take profit there too, at work and will update afterwards!
GBP/USD intraday long tradeI entered this trade off the back of a short, seeing it get rejected by support at 1.23013, a big part of trading is realising when you're wrong, its something that takes a while to overcome and just like the last trade I can admit defeat on this day trade too, were playing for the bigger picture and looking for that longer term entry
SELL GBP USD NOW AT MY ENTRY PRICELong & Short As Per My Analysis Chart or You Can Also set Own Risk reward. Let see what Will be Next Move on .Risk Warning- I m Not a Financial Advisor This idea Only For Educational Purpose Only. Thank You !!
Dragon Club .
GBP remains within downward trend against USD.I think the upward impulse will continue and the pair will easily reach the strong resistance zone between 1.2600 up to 1.2655 and then starts to fall downward to 1.2400 down to 1.2270.
So im gonna start a trade as per below setup:
Entry point: between 1.2600 up to 1.2660 depending on price action or step by step entering.
Stop Loss : 1.2670
Take Profit : 1.2400 down to 1.2270
GBPUSD SELL IDEALooking to sell GBPUSD from sell area, wait for reversal to enter. If price breaks target 1 area with momentum then hold until target 2 otherwise close at first target, (30-60pips).
Good luck traders!
GBPUSD 100PIPS SHORT POSITION 05/05We saw o huge bullish move last friday getting passed the 100pips mark. We are now waiting to see some retracement with the price correcting to its down trend. Our main target is 0.618 fibonacci lvl. After running +20pips we will modify our SL to breakeven and lets hope to see our final 100pips target hit.
GBPUSD-Weekly Market Analysis-Apr19,Wk1A break of sideways consolidation may open up a shorting opportunity for this trade.
Harmonic Patterns Trader can look for Bearish Pattern to engage the trade, structure traders could wait for retest of resistance to engage the trade.
GBPUSD Trade Setup | Forex LipsKeep your Money Management Notes while under your eyes.
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GBPUSD - Short Breakout on 1hr GBPUSD broke out on 1hr. Watch and wait for consolidation outside for short setup down to the trendline.
** GBPUSD - Short Order **Short continuation idea.
pending sell stop set at 1.27950 5 pips below recent lows on the 4hr TF
Initial target is recent structure lows 1:1 risk and then a 2nd target at the 1.27 inversion of the pull back on the Daily Tf which falls in line will lower structure.
