Looking for a breakdown below support, a retest of the previous support now turned resistance before entering a short to continue down to previous higher timeframe lows
With recent correction nearing 1.3300, GBPUSD might be heading back to the target region displayed in red. Technical aspects: 1- Most recent lower trendline broken on H4 Timeframe 2- Harami on Daily timeframe 23rd March 2022 3- Inverted cup and handle on H1 timeframe These technical aspects are sufficient evidence for Cable to be heading lower today towards...
As elaborated in my previous article regarding the bearish picture of GBPUSD, Cable is entering its target region that extends as far as 1.2700. Call it a turn of events owing to the Russo-Ukraine conflict, but cable is following the analysis from my previous post tagged in this article. No sign of reversal spotted so far, so we are good in short position! Day...
high wave pattern reveals in the financial markets to indicate a reversal, in this situation its a bearish pattern, put your TP level at 1.3472 or above a little bit for short term profits, you can also hold your position for long term as well.
Sell GBP/USD After Support Level Breakout, price formed a head and shoulders, use fibo levels to find your sl and tp levels
STRUCTURED downtrend, the structure of the daily downtrend would suggest the continuation down we are holding the previous low and testing it as resistance so taking the short based off the rejection there and basing the TP off the channel formed after new low was created but any break of that would be a case of looking at the volume slowing down. entry point has...
My analysis for the next 48/72 hours. A break below and retest of 1.33000 will indicate a continuation to the downside, and so, I will be looking at short trades from here down to 1.32000. Second plan will be to look at the exhaustion phase (retracement) of the push phase of the market to complete. Therefore looking at price to break above 1.33600 and retest 50%...
- 2 potential setups outlined (only entering if there is significant price action confirmation on the lower time frames) - Using appropriate risk management as always - Patience here is key
GBPUSD is neutral. Currently consolidating on the 15 min. Yellow lines are BOS levels. Monthly, weekly, and daily are short.
ab=cd to 0.618 FIB. . . Remember in a risk-reward equation, we can control only the risk, do that and you will be fine. It's a game of probabilities :)
The previous week we saw prices go higher to clear liquidity just like analysed in last week's idea. Price will now resume the downtrend.
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These are levels that I'll be keeping an eye on when dealing with Cable, and I'll revise as price action progresses. I adapt to the change in money flow.. I'm usually neutral, but I'm bearish on this one.
Gu played the trend as expected back to 137 region , i would be expecting a bounce from here for a deep of correction to 132 maybe...a break above 13750 can change the trend back to bull
Not legal and financial advice; Any information provided here is only the personal opinion of the author.
Expecting cable to be bullish going for a liquidity hunt before dropping to the lower zone. Will keep an eye on price action