GBP/USD likely to fall!Hey tradomaniacs,
after recent fake-out it looks like we get a retracement and a fall for GBP/USD.
The fakeout looks clear to me and could provide us a great move to the downside.
Remember it is risky to trade ahead the NFPs aswell with lower volume in the market due to holidays in asia.
What do you think?
Gbpusdsell
GBPUSD BIG MOVE DOWN! LONG TERMLooking for a right shoulder rejection to either give us a opportunity for a long term short or at least just tap into the support of 0.09. Personally ill be waiting for that initial push down and look for that confirmation fail back up before taking entry's.. but I can see some huge profit potential if price can move in our favour. Just remember DXY is very bullish which will work in our favour but remember been so bullish we can see a sell off at any point so make sure stop losses are always set and you update those stops when in profits! Good luck and hope everyone has a fantastic week!!
GBPUSD w; bearish
d; bearish
4h; bearish
my confluences;
a break of a strong support and resistance zone
the break of the structure LL with an engulfing candle
broke below the 50/20ema which it already did
1h
engulfing candle break
bellow the ema's and away from the 14ema
sl; above the nearest structure that could be near 200ema
tp; next s/r
sentimentally; 31% sell which is amazing
GBP/USD likely to fall!Hey tradomaniacs,
looks like GU has just re-tested the resistance-zone after fakeout with great momentum to attract ans absorb buyers.
So far a great spot to go short but still risky due to the news from BoE.
Make sure if u short that you manage aggressively!
What do you think?
GBPUSD is preparing for another drop!!GBPUSD 4H has grabbed liquidity from 4h20EMA after a spike to the upside, and at the same time, has broken the daily high and rejected. As long-term price action is bearish, it is highly likely that the price will respect the daily high and 20EMA and finally, the price will break down to continue its downtrend.
A sell setup from the area of value shown on the chart is high probability :)
GBP/USD likely to fall!Hey tradomaniacs,
after higher core-inflation than expected the market will probably price in a very hawkish monetary policy by the fed as the black period won`t give any further input regarding plans or eventual changes.
This might oush the USD further to the upside and could cause another fall for GBP/USD.
Technically a good spot to sell, especially of we get another fake-move towards resistance-zone.
GBP/USD Very Bearish , Short Setup After Retest To Broken Supp This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.