Confluences: - Generally strong support and resistance zone formed - Expecting a push to the 1.375 resistance zone - Once we see a rejection at the 1.375 level we will look to sell at 1.373
Price has broken the ascending triangle. Price has also rejected a daily resistence level. Cons: The GBP has been quite strong lately.
Price just reached 1.3600 level. On 15 Minutes there are rejection candles with very long wicks. Rsi is overbougth in 1H and 2H timeframes. I don't think price will broke 1.36 due to pound problems. This level was already touched by the price but it always rejected it. Let's see if price can make a new lower high.
Price is making a double top pattern on 2H/4H timeframes (also on daily but less clear). So we have 2 bounces on 1.36 major level (good resistance area). Price also made a lower high indicating change in market structure. I placed a trade on the top of the lowerhigh. Like and subscribe for more!
Daily closed as a shooting star, we are going to see a roll off into 1.27600 to clear off retail longs.
Went SHORT on Cable. moved SL into profit. trade is risk-free now
maybe the Brexit negotiations are tough, and should try support 1.287 -------------------------------------------------- -------------------------------------------------- ------------------------------------------------- >> Follow me for ideas, this analysis update. >> Feel free to share ideas, comments, opinions and questions. >> If you find this idea useful,...
Looking into GBPUSD, Fading hopes for a post brexit deal caused some fresh selling for the cable currency on Thursday. We clearly see that GBPUSD rejected 1.35400 level, this is actually bad for the cable because historically we find out that the pair slowly slides and dives down from this area. While long term, I see GBPUSD coming to the lows of 1.27 in the...
rising wedge ... ending diagonal .. name it as you like lets sell it
Looking at GBPUSD (Cable) - I think we will be in a Bearish market for the first part of the week, commencing 30th December 2020. Using Fibb Retracement from last weeks high/low points, we're currently sat in the 'Golden Zone'. A second confirmation candle has confirmed price has broken the Ascending Trend. We are targeting the 23.60% Fibb level which sits just...
As it was nearing the highs, I put a small lot size on at 1.33104 for 10 pips to 1.33204 and got a short 10 pip scalp on the way up. Just because I knew it would break the highs to trigger the smart money stop runs and clear out tight stop losses people already had on sells. Now that it's above the Highs, I believe this is a false breakout as it's holding steady,...
The cable GU is a very violate market and is difficult for even institute traders. UK are releasing there data tomorrow and indicators are showing low figures already so fundamentals are there. I am bearish and it has a descending triangle on the 4hr chart high on many oscillators if it hit tp1 then we could go to tp2 this week this is just my...
The picture is pretty self descriptive. The next daily bias seems to be heading toward the direction of selling. There are many daily lows stacked up ready to be broken as well as an equal low setup just prior to the previous daily lows. I think during the Asian session we'll see Cable range but create equal highs and lows that it will want to break to creating a...
GBPUSD short sell @1.30000 with the SL just above the Ichimoku cloud @1.0375 with the target at 1.2700 The pound is going down as the UK is going to put a lockdown on. Don't hesitate to follow me and hit like and comment.
This pair still hasn't traded to the order block level which it needs to in order for another push down. And it will attack all of those equal lows as price action usually does. Just look at what happened to EU today.
were anticipating to move lower taking out the liquidity At equal lows and reaching all the way to a monthyl/weekly low levels ! Trade safe & use propper risk management .
Hello and welcome back. If you found this idea helpful, please leave a like. GBPUSD saw some selling in the beginning of the week this was what I was calling for. It did trade to 1.2900, but did not get a daily close below it and instead reacted sharply higher. 1.3100 is a reasonable objective and then perhaps 1.3150.