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Pounddollar

GBP/USD Bearish Deep Gartley Here on the Pound/ Dollar (GBP/USD) we have a bearish deep gartley. this just means that the completion of the ABCD pattern that makes up the ABCD leg of the overall XABCD pattern completes past the 786. The pattern completed with the RSI being in the Extreme it came down past the mid line of the oscillator and back to the extreme. it also created a little bearish divergence with the highest peak of the pattern not breaking the extreme part of the RSI. But, the move leading up to the Peak did break the Extreme. so what i am waiting on for price to make a definitive move down. about where the green and white parts meet on the short position drawing. it would be nice for the current candle to close as an engulfing candle then we will enter. PA has been consolidating for a bit now and if the Euro is moving down then the pound SHOULD be shortly behind. in my years of trading I have found that for the MAJORITY of the time the Euro acts as a leading indicator to the pound/ dollar. this is not always true, but it happens quite a bit. I will be acting a bit aggressively on this trade as the pound pairs are notorious for making huge moves rather quickly. i do not know if i will be able to let you guy know when i enter. but i do expect to enter sometime today and probably before noon CST. I wanna see what the Hourly is going to show. Happy Trading and #riskfreeorbust!
Short
by ARegularGuy
3
💡Don't miss the great sell opportunity in GBPUSD Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.4205). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPUSD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 34 Take Profits: Tp1= @1.41350 TP2= @1.40950 TP3= @1.40050 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
💡Don't miss the great sell opportunity in GBPUSD Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.4205). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPUSD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 34 Take Profits: Tp1= @1.41350 TP2= @1.40950 TP3= @1.40050 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
2
Gbp/Usd : Inevitable stop loss cluster hunt 1.4400 handle ?Gbp/Usd is trading inside the Strong Rectangular range since the Brexit, lacking essential catalysts for an upside breakout/Central bank keep intervening it to support the economy. On daily TF, price is approaching the strong resistance around 1.4200 and likely to make 150-200 pips high to clear the cluster of stop losses / Speculative Sentiment Index is around 30% on an average. Having said that, it is not that easy for the price to break upside range invincibly without any strong economical or geopolitical catalyst. Hence we are expecting a phase 1 retracement towards the 23.6% fib around 1.3560 once the above mentioned stop loss cluster of 1.4400 handle is cleared. Daily Trend : Up Major Trend : Range Signal : Sell Limit @ 1.42xx-1.4400 Stop Loss : 1.45xx Target : 1.3560
by UnknownUnicorn13514545
GBP/USD: IDEAHere is an analysis on the GBP/USD GU is currently trading @ 1.41200 Our expectations on the pair have now turned bearish We have bearish harmonics on both the 4H & 1D chart But GU is still currently bullish as you can see it is still trading within the current trend line If GU breaks above 1.41500 we'd expect it to hit 1.42 before falling back to 1.40, then 1.39 creating a perfect selling opportunity for us. It would be advantageous to place Sell Limit entries @ that level On the other hand if the pair breaks below its current trendline & treats 1.41 as resistance then we would expect it to fall further to 1.40, 1.39 Do note that there still is a bearish harmonic present on the 1M chart. link to previous analysis below
by fxspott
GBP/USD Prepare to Long the Breakout GBP/USD Pair Fib fan pull + Fib Ext Pull Rejected at the .382 or breaks above and pulled back down. Trading inside a symmetrical triangle and expecting a breakout soon as we close in towards the apex . Im expecting a move down to the .618 as displayed in the chart in which case a long opportunity presents itself . Confluence with the 100EMA, .618 fan, .618 fib extension and volume profile match . Long from the box with a SL below the last Swing low. Word of caution * We can also break down from this level as symmetrical triangles can break either way so exercise your own risk management and define your invalidation ! I will be looking for longs when we reach the Target drawn as Iam expecting more upside . A Like or Share will be appreciated for my analysis and Follow me for Daily Setups
Long
by SJTRADESFUTURES