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Gbpusdsell

GBPUSD, 4hr tf, sell on confluence of resistanceHello my friends, Today we are going to sell GBPUSD as i think price pretty much overbought and looks like bulls start to exhausted. If we do an Elliott Wave count, we found that we are at the end of Wave-5 and pretty much we will see an ABC correction soon. Price also moving inside this upwards channel respecting it for the last 4 weeks. Finally it come to meet an area of confluence resistance at 1.3485 and was rejected from it twice already. With this second rejection at this resistance then i am convinced we could try selling GBPUSD now. Sell GBPUPSD 1.3475 Stop loss 1.3520 Take profit 1.3295 (4R) RR ratio 1 : 4 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
2
GBPUSD - Wait for the big sell opportunityAfter waiting for seeral weeks, finally now GBPUSD start to looks more promising. Its now has reach the double top area of HTF structure while forming a Rising wedge in the process. The price is now rejected from the double top area and top of rising wedge structure. Its now starting to form what appear to look like a bearish continuation flag on H1 TF. If the price break below this flag structure, it will confirm the move to the downside. I set a sell stop entry here with sl above the flag and target up to 1.27000 area Lets see how will this pair play out.. Good Luck __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
GBPUSD - buy after break out Lack of resistance if, after breaking through the level, there are a number of points to the nearest possible resistance, it is common for the price to reach the resistance level. You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
5
GBPUSD Short from top level opportunityHello everyone, The last up trend of GBPUSD was broken. In next week i think GU will start a new sale wave. At the same time i see a double top in daily period. I'll share the most suitable entry point with smaller time period on Monday. For now have a good weekend! If you find it useful, please support this idea with LIKE. In the analysis I published, 1H and smaller periods are based on the scalping strategy. Periods of 4H and greater are analyzed with the swing trade strategy.
Short
by FXLoungeIN
2
GBPUSD, 2hr tf, sell SHS pattern breakoutHello my friends, First of all i wanna say happy thanksgiving for you all. I hope you all have a good thanksgiving holiday. Today i am gonna trade lightly on GBPUSD. I found a SHS pattern on 2hr timeframe and price already broken below the neckline. This upwards movemet is merely retest of broken ascending trendline. As long as price hold below 1.3390 then this SHS pattern is still intact. Sell GBPUSD 1.3350 Stop loss 1.3390 Take profit 1.3250 (2.5R) RR ratio 1 : 2.5 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPUSD, 4hr tf, sell bearish engulfing candle on 61.8 fibonacciHello my friends, This is a new week and we are going to start it fresh. The last 4hr candle close of GBPUSD has catched my attention because it was rejected fiercely from the 61.8 fibonacci level and closed with a bearish engulfng candle. I could say that sellers was defending this area and we could see GBPUSD go lower as long as this area hold. We could also assume the recent downward movemnt wave A / wave 1. This rejection could be the beginning of Wave-3 or Wave C. Let's see how it turned out later but for now we could try taking a sell position with SL above the recent candle high at 1.3250. If price managed to take out the recent high than this analysis become invalid. Sell GBPUSD 1.3205 Stop loss 1.3250 Take profit 1.3070 (3R) RR ratio 1 : 3 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPUSD Set a Stage For Massive Sell-OffIn the GBPUSD 4 hourly chart above, the price decline in five waves from 1.34181 high in September. A five-wave move is regarded as an impulse pattern, which indicates the direction of the primary trend. According to Elliot Wave Principle, a three-wave correction in the opposite direction follows every impulse move. In GBPUSD's case, the retracement took the shape of (w)-(x)-(y) double zigzag pattern. The most interesting thing is that, once the correction is completed the price resumes in the direction of the primary trend. If this count is correct, we can expect the price to start declining from or below the current market price in the days ahead. What's your view on GBPUSD? Let me know in the comment. Best of luck on the chart, Veejahbee.
Short
by Veejahbee
2