GBP/USD SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Notice: ALL TRADES today especially major-pairs are very risky ahead the ADP-Figures!
GBP/USD: Daytrade-Execution
Market-Sell: 1,33600
Stop-Loss: 1,34050
Target 1: 1,33150
Target 2: 1,32895
Target 3: 1,32630
Stop-Loss: 45 pips
Risk: 0,5% - 1%
Risk-Reward: 2,16
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Peace and good trades
Irasor
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Gbpusdsell
Short Position on GBPUSD 4HHello Traders!
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🚀SELL Execution according to the market.
------------------------👇🏻👇🏻Look the running swing trades below👇🏻👇🏻
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GbpUsd- is 1.35 a ceiling for GBP?Yesterday, GbpUsd reversed just from under 1.35 resistance zone forming a Pin Bar visible on the daily chart.
The pair could have found at least a short term top in this zone and we can be in the early stage of correction.
Last 1.3260-70 resistance is now support and rallies against 1.35 with this target should be sold
A pullback is possible in GBPUSDGBPUSD is moving within an ascending channel. Price is close to the top of the channel from where it can drop to the support level once again.
If we see some bearish price action at the top of the channel, it would be a good idea to sell GBPUSD@1.3250-1.3300 with SL above 1.3350
and TP at 1.3100.
A strong breakout above 1.33 will however be negative for the buyers.
GBPUSD - BEARISH BIASGBP - BEARISH
1️⃣ The latest disagreements over the UK truckers’ access to Europe risk breakdown of the seventh round of Brexit negotiations.
2️⃣ A turnaround in the global risk sentiment extended some support to the USD's relative safe-haven status.
3️⃣ Tomorrow retail sales expect to print negative due to weaker BRC retail sales and average hourly earnings.
USD - BULLISH
1️⃣ FOMC minutes showing the Fed remains very concerned about the US economic recovery and is considering keeping agressive stimulus measures for longer.
2️⃣ Gloomy US Fed comments, US-China tensions, a fall in oil prices and a spike in new coronavirus infections triggered demand for safe haven currency like USD.
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TECHNICAL
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- We shorting GBPUSD on SBR level + SMA100 area in H1 chart + SMA100 area. Stop loss on the next resistance.
- GBPUSD in bearish zone.
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RISK TO THIS TRADE
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- Trade will hit stop loss if Brexit issues going positive and U.K. retail sales tomorrow print positive numbers.
GBPUSD daily chart analysis, will the resistance break?GBPUSD is constantly testing the 1.3150-1.3180 resistance level for the last two weeks. Each time price has pulled back a little after testing the resistance.
So far, the resistance remains intact. But repeated attempts to break the resistance indicates that a big move may occur very soon.
In my opinion, buyers should wait for a strong break of this resistance level before buying. If this resistance breaks, then 1.35 is a possibility.
On the other hand, sellers can sell at the resistance level if some bearish price action is visible and target the 1.30 area as TP.
GBPUSD Simple Price Action Trade SetupHi Traders!
It has been a while I posted here. I caught a bug around June so I had to take a break to get proper treatment and heal myself.
Remember guys! Your health is your greatest wealth. The market is going nowhere, it will always be there as long as the human race continues to exist.
Trading has to deal with mental and psychological wellbeing. When you're sick you won't be in the right state of mind to trade perfectly. So always take some time off trading to get treated whenever you're sick so you can bring a feeling of peace into your body.
Your trading can move in a new direction that will guarantee you are inviting ease, flow and even “miracles” into your life.
BACK TO GBPUSD ANALYSIS:
1. In the chart above, the price made a double top pattern and break out of the inner trendline.
2. Price also made a 4HR bearish flag/corrective pattern and price has broken one of it's Counter Trend Line (CTL) that's visible on H1.
3. Price has the potential to move lower towards the major trendline and beyond in the days ahead.
I will be watching how this plays out.
Support this analysis with your like and comment and also follow me to enjoy more trade ideas/setups using different trading strategies.
Safe Trading,
Veejahbee.
GBPUSD - Many times Bearish Engulfing failed, that's mean? Many times Bearish Engulfing failed, but how's about this time? Very hard to make the decision on, but I will try one more time, why? The pricing is rejected when it reached the Supply Zone, maybe it's just the corrective wave, but when combining with the tick-volume, I think we have to do do something at the right time, right place. Just set up a short position and waiting for what happened next 😌
GBPUSD / SHORT PREDICTIONFor GBPUSD I see price has tested a weekly decending trendline, its been rejected and currently stopped at resistance
I believe price will break the current trendline and retest an area near to it before falling to its next support level
(I actually think this pair will just bomb without much of a retracement but will have to wait and see)