GBPUSD - WEEKLY OUTLOOKTECHNICAL POINTS:
Daily Fib
4hr Fib
Pennant
4hr resistance
4hr Inverse Head and Shoulders
4hr 800EMA
4hr 200EMA
Buy Confirmations:
Break of pennant, close above 38.2% Fib and neckline of Inv H&S. This would also close above the 4hr resistance and break the 200ema.
Sell Confirmations:
Break of previous lows, 61.8% fib and the daily ascending trendline forming the bottom of the pennant.
Gu
GBPUSD - WEEKLY OUTLOOKTechnical:
Weekly ascending trendline
Weekly orange fib
daily white fib
4hr grey resistance
daily red support
4hr descending channel
daily ascending structure Hh's Hl's
Buys:
Break of 4hr resistance
Break of 4hr descending channel
Target-weekly 61.8% fib
Sells:
Break of daily support
Break of daily 38.2% fib
Further sells on break of weekly 38.2% fib and trendline!
GBP/USD shortso those of you that saw my analysis on GU last Sunday would have seen how the trades played out, caught 320 pips 3 played out and one break even. GU has now struggled to break above and below so we are still just corrective (forming a deeper bearish pattern) my bias is still short and will see how Sunday/Monday price action moves. still 150 pips to take in my eyes. 3:1 RR
Sterling gold at 1.24447 ? short this is my new girlfriend. she is on top Daily 200 and 100 ma. She is below the 9. She is at a .618 support level 1.26914. Her golden roads are 1.24447 or 1.28943. and then 1.43455. Golden bricks for miles. Brexit? Lockdown? Brits behave. Will Cable?
I will chase when pound makes run to the gold / 124447 first? then moonski to 1435skis?
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OANDA:GBPUSD
GBP/USD H4 Sell Short Setup The daily chart has dropped a fair amount
That has been followed by sidewaysh consolidation
This has created a Wave 3 down and Wave 4 sideways on the 4 Hourly Charts
The Setup short has 2 entries possible with 2 profit target levels as shown on the chart
LET ME KNOW WHAT YOU THINK... COMMENT Pls
GBP/USD shortlonger term analysis, potential for GU to head back down to 1.22 see if we can move how I've forecasted. price could correct around current levels and develop a deeper structure for a while before continuing down, lets see. I would like to see a break above the current range to change my bias to long again.