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Sellgbpusd

[GBP/USD] SELLER IS GONNA WIN THIS WAR?1. Weekly timeframe: - Big Bearish trend bar after Market reaching to weekly resistance zone. 2. Daily timeframe: - Market broke the uptrend structure. 3. H4 timeframe: - New resistance zone was created near the uptrend structure break. After reaching to this resistance zone, market created a new resistance zone -> This tell us about seller pressure is coming. - Beside it, for trading pattern, We can see the 1st TOP of W pattern appeared -> Where is the 2nd TOP of this pattern? at this time. engulfing appeared -> This signal for 2nd leg. => So, with these informations, + New resistance + 2 top pattern -> We can place the sell order with stoploss above the 1st TOP.
Short
by NamDaoFX
1
Kenji signals: sell GBPUSDToday, the indicator "Kenji" on the daily GBPUSD chart generated a sell signal. Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume . According to the indicator, the price of GBPUSD is currently in the active uptrend phase (the area between the fast and slow averages is colored red). At the same time, current prices entered the sell zone, which led to the formation of a "sell" signal. The long position remains relevant until either the market conditions change (for example, the downtrend changes to flat or uptrend), or a signal to close it appears (a red cross indicating a sharp divergence between the price and average values). Recall, work in a trend is one of the most comfortable and potentially successful trading options. For reference: The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, numerous changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness. The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat). It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a handy tool both for novice and experienced traders.
Short
by Trade24Fx
Long-term GBP sell setup (24th Jan 2020)GBP/USD Sell setup This is my outlook for the pound over the next few months although depending on a number of factors will determine how quickly the cable depreciation will occur. As a reminder, BoE are due to focus their monetary policy in the upcoming weeks as Brexit negotiations undergo and risk to the currency is renewed. It is also important to keep tabs on the current positioning of the US dollar and it's likelihood to strengthen going into the first half of the year. Moving from fundamentals, my technical analysis looks closely at the expanding range from September 2018 high through to the December 2019 high. Price has moved in an expanding range and this has led to my thoughts that price perhaps is failing to break the 1.35+ handle. In the case price breaks the 1.35 handle, it's important to watch the volume as price enters that zone as a breakout followed by an instant reversal could occur. I will personally be looking for sell setups at the current level. Indication that the pound will rise instead will be IF we see a deep correction that remains UNDER the 1.35 level.
Short
by Ikeokeke25