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Keylevel

Short GBPUSD Off Key LevelSell GBPUSD 1.39000 SL 1.39130 TP1 1.38500 TP2 1.38000 Context: - USD favorited news catalyst for Wednesday's ADP - New Minor Structure downtrend identified Confluence Details: -Trading off key area 1.39000 - H1 0.382 Fib level at 1.38980 (beginning of new trend so expecting strong downside) - H1 20MA dynamic resistance level at 1.39000 - H1 50MA dynamic resistance level at 1.39080 - Looking for a pin bar reversal off 0.50 fib level to confirm downtrend continuation at 1.39050 + 1.39000 new resistance level - Entry confirmed once H1 price action identified: Either bearish engulfing or some sort of 3-bar variation pattern.
Short
by Altconomist
Uptrend expected after correctionClosing the last day with a red candle coincided with breaking the steep slope trend in 4h. As the result of this, I'm waiting for the price to drop to $65 to $70 zone. Any abnormal pin bar or bullish candlestick pattern in the buy zone will trigger my buy signal. Hereby, $248 will be the stop loss, and $320 and $332 will be my 1st and 2nd targets, respectively. There is another possibility, the price crosses the $300 level without correction and stabilizes there. If it happened, I will update the idea. The support and resistance levels and pivot points are drawn by the Trend Key Points indicator.
Long
by bhnmzm