GBP/USD Technical Analysis
The counter is currently in a descending channel formation.
It is currently forming a bearish flag formation.
We expect the pair to make a bearish breakdown and head lower from here.
Gbpusdsell
GBPUSD - SELL OPPORTUNITYLooking for a potential GU SELL, targeting TP AREAS. (30+ PIPS)
Looking to bank 150 PIPS if market holds bearish momentum
Trade Safe
Entry Criteria
- Strictly looking to execute entry on price action, reversal candle, exhaustion candle
- If price breaks through sell area 1 with bullish momentum, look to take sell in sell area 2 (Price Action etc)
- Apply risk management according to what suits your trading style
Targeting price area 1.220 , If TP Areas 1 & 2 are broken with strong bearish momentum (150 PIPs)
GBPUSD - SELLThis is what i expect the GBPUSD pair to do this week, Price will break above support only to drop straight back down again
GBPUSD Possible Sell/ShortHeavy Confluence Area
1. Retest of broken H&S support
2. Creating possible Lower high for 3rd drop
3. Still respecting trendline as of now
4. At the 50% (high PRZ)
WAIT FOR REJECTION IN THE
AREA OF GOLDEN BOX FOR
A POSSIBLE SHORT.
GBPUSD - SELLAfter the initial retracement today I expect to see this pair reverse and continue the downtrend, I will await confirmation of this before entry
We are looking for rejection around the resistance level which is marked on the chart and then a drop-down to the green area
GBPUSD 4H Next Possible Move- Initial bias stays on the downside to test 1.2065 support. A decisive break of 1.2065 support will confirm and target a re-test on 1.1409 low. On the upside, a break of 1.2587 minor resistance will turn bias back to the upside.
GBPUSD - sell for a long long time to come!! =)Hi traders, im looking to sell for this pair.
Broken trend line - completed
Hunt for stop loss - completed
im looking as an AB=CD formation and im looking to trade this pair till we reach 1.1217..
U can take short scalp trades for this pair till we reach the above mentioned level.
GBP/USD Technical Analysis
GBP/USD has formed a right inclined head and shoulder pattern which signals extreme negativity in the counter.
Further, it has broken the neckline and heading down strongly.
We expect the pair to be extremely bearish in the short-term and head to much lower levels.
GBPUSD - SELLAs we can see from this chart price broke support as I said in my previous chart and is now retracing, It will head towards a level of resistance where we will look for another SELL!!
Lets keep it rolling!!
GBPUSD SELL IDEASWe try using elliot wave theory. Small retracement suspected to the red box zone. If entry sell, we may put pending order on red horizontal line. Put sl on the dotted line, slightly above supply zone. If the analysis good enough, we may see bearish trend until the demand zone on h4(blue box). We will update the ideas.
GBPUSD - SELLIf price can break the support zone then we can continue the trade down to the green area
A lot of consolidation in the market these days so don't trade unless you're sure of the trend!
Wait for a clear indication price is going down before placing
GBPUSD - SELL
SL - 1.26285
TP - 1.23611
GBP/USD SELL SIGNAL #DaytradeHey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Market-Sell: 1,26500
Stop-Loss: 1,26890
Target 1: 1,26080
Target 2: 1,25740
Target 3: 1,25460
Stop-Loss: 40 pips
Risk: 1%
Risk-Reward: 2,66
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
GBPUSD UPDATE!!Time = 4H
– Structure = Downtrend
– Pattern = Fibb Retracement, Head & Shoulders
– Tendency = Downtrend
*** Price tested & Couldn't breakout 0.618 Fib Resistance.
Note: See Attached previous Analysis for a clear Vision
GOOD LUCK
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Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
A BEARISH STORY🐻Gbpusd is showing a buy idea but decided to retrace. Gbpusd still obeys the Fibonacci rule. Tp is set on resistance 1..
Do well to comment your views on GBPUSD.
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Thanks
