Shortgbpusd
GBPUSD US ELECTIONS SELL LIMIT!!!!!!!!!the Pair traded in a range the last couple weeks, however the pattern shows that the upside momentum is still corrective for a
downtrend continuation. 7-9-11 swings are related to A,B,C corrective phases in Elliott Wave Theory.
tomorrow is the US ELECTIONS results so we will definitely expect high volatility trading, thats why i prefer to put pending orders ( sell limit ) orders near 1.3270 level
to short the pair and probably target 1.2390 the monthly engulfing pattern target.
Good luck
[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.
GBPUSD - Potential intraday sell trade setup GBPUSD started its selloff on Fridays session as USD strength hit the market on better then expected Non-Farm payroll data.
On today's market open, being Monday the liquidity is usually thinner so we have seen price retrace a little higher which could possibly set up a better entry for a potential continuation move lower on GBPUSD.
On the 15 Minute chart, we have marked out a tight selling zone in price that we want to keep an eye on for if price can make its way up there today we could possibly see a rejection lower.
The first level is the 1.3097 mark. This level is a liquidity gap origin where price started its spike move lower. Most of the volume came from this point so this area could cause price to trade lower. This level can also be seen on the 1 Hour chart from the top of the body of the candle.
The level above that is the 1.3100 big figure which can always be a potential psychological level for additional order flow resting there.
Lastly the highest level is the 5 Minute chart liquidity gap origin set at the 1.3106 level.
All of these levels are very close to each other so we will be watching the entire zone for a possible rejection in price, if price does reach this zone we want to see on a minimum 5 Minute chart any potential bearish price patterns complete which can increase the probability.
If price breaks through these levels for any reason this trade is void and no action will take place. We need price to stop here and show weakness.
GBPUSD Short IdeaSimilar to my AUDUSD idea, I have technical reasons to believe that GBPUSD is about to make a swift move downward.
Short term bear trend here has been obscured by absorbent buying on each attempt to flush out longs.
1:6 R:R
On Weekly timeframe you will see a just recently posted bearish engulfing candle.
On Monthly timeframe you will see a just recently posted hanging man candle.
USD continues to push up with the rest of the market and until trend suggests otherwise, I expect that to continue.
Thoughts?
Trade your own plan, this is just an idea.
sell GBPUSDa great 1:6 short setup for gbpusd ,if price goes up i might add on another trade for a better risk reward, money management is key
Short GBPUSDGBPUSD has a strong support line, its broken through unlike the other times. Entry off the retest of the strong support/resistance line.
GBPUSD | Sell the DELAY & lower bank rates | 5 NovBrexit delay, again. Well, I guess bob's your uncle, same recycled story.
BoE rate coming this week too.. we think they will lower the rates to continue stimulating the pre-Brexit effects on economy.
1:5 R:R
Brexit seems to short sell GBPUSDCompleted Butterfly Pattern
Price action is inspired by the real life incidents. Any news or happening will result in great downfall or uptrend. As we know manipulations are going so I cannot ignore the invalidation of analysis.
Sell : 1.30095 - 1.28432 Best Entry : 1.29679
T/P : 1.27455 | 1.25959 | 1.24732 | 1.23527
StopLoss : 1.32079
GBPUSD sell againOpen SELL order - 1.3069
SL - 1.3113
TP - 1.2867
RRR - 1:4.6
Adding new SELL order
Reasons - breakout sell level at 1.3068 and retest it
GBPUSD SHORTAs I mentioned in last weeks post, we are currently testing that 1.29-1.30 support. This area is going to be extremely crucial in determining what comes next but I am expecting a retest of the 1.305 ish price mark before a continuation of the downtrend. The MACD bearish Divergence is now currently confirmed signaling the just now start of that downward trend. The break of the trend line indicated will see us looking to retest the 1.28 zone which may or may not hold and failure to do so will find us headed back down to the 1.26-1.24 range. With HEAVY GBP and BREXIT news next week, I expect a crazy amount of volatility so we want to be very careful trading GBP pairs.
Remember, patience is KEY! GL
DISCLAIMER!!!!
My Ideas are mine and mine alone and are only to provide my perspective of the current market situation. Do not take my posts as trading decisions for entries or exit. Trading the FOREX market is very risky and indulge in it at your own risks!
GBPUSD sell - continue sell trend and sell level on 1.2866I opened short position on 1.2866 and it SL is 1.2886 - 20pips. Short stop and good volume can be used.
TP - 1.2710. Far target but interesting. So RiskRewardRatio very good - 8.65 but i think that it is not achieved simply. Lets try catch profit :)
GBPUSD sell Right Now!GBPUSD is on the top of his wide flat. He make 1 impulse. Make 3 correction movements with 3 update of correction peaks. And it ready to go lower. First target is second wave - 1.3008. Next targer is 1.27. So SHORT it RIGHT NOW!
Sell GBPUSDUSD will be hading up especially with the trade war.
Look to to take profit at 1.3600 on the daily.
Just sharing my trades. This is not financial advice.
BEARISH GARTLEY ON GBPUSDOn the 4hour chart a bearish gartley has formed on the GBPUSD. There was an extension of the D leg, and it might extend a little before dropping. I believe this is a good place to place short position. Look for bearish evidence before taking this trade. Cheers
GBPUSD Sell IdeaHello Traders,
This pair needs more time to correct, watch price action at the top of the continuation pattern. I need to at least see overbought conditions on RSI. I will manage to sell as much high as possible.
Good luck!
Cheers,
Jonas
short GBPUSD on TL short GBPUSD @ 1.2995 for a target below horizontal support.
Cable has a lot of downside potential and if the dollar gets cracking then it would be easy to see 1.29.
GBP/USD Daily update (11/7/17)Price unable to break resistance at 1.3
Still bearish on this pair till 1.28
Trenches overhead will push it downwards.
