Fib retest then tank. Previous day also closed as a hammer.
I feel the inability for GBPUSD to break through the 1.315 level means it looks fairly exhausted and i'm expecting a drop in the coming weeks to 1.2760 or thereabouts. If it wasn't for the USD being tragically weak at the moment i believe this would happen sooner rather than later. The UK economy is officially doomed for now, the US not so far behind. Lets see how...
Good morning traders today i am looking at the gbpusd (the cable) and I have observed that GBP broke the down trend created on Brexit and over all dollar weakness, however price has respected the price level of 1.32100 and i would like to take this as a shorting opportunity and head back to touch the bear trend line and retest that low of 1.24972 created in the...
Good day Traders, My analysis on cable remains strongly bullish. However, looking closing at the chart, you would observe that the pair has reacted to a previous weekly high as well as a level of resistance which is the portion shaded red. I am expecting a short term bearishness in the form of a pullback and will be studying price action around key levels marked...
GBP/USD has been analysed prior as potential short. Now a 4H price action signal is developing.
Beautiful break of structure in the USD/GBP pair. Pullbacks to the upside should be used for shorting entries at the moment. Good luck
Low risk high reward. Enter only on price action confirmation. Use appropriate risk and trade management.
Idea for a short on the cable - 1 Hr chart. R/R = 3/1 *Yellow lines = daily S/R *Purple lines = hourly S/R
Based on analysis from last night, I am looking for an intraday momentum trade to the downside. We had a failed attempt by the bulls to push higher on the lower timeframes, which gave me confirmation for the trade. This is a 1:3RR on the 5 min timeframe. Let's see what happens.
The pound yen seems to have completed a 1-5 sequence on the h4 but still there is a chance it might try the peak of wvae 3 , that is the lows to the left again... a 1:1.8 RR is available with a bigger 2nd target also possible.
The GBPUSD's EMAs have moved into a bearish stack i.e. the green 5-day EMA is below the orange 10-day EMA, and the orange 10-day EMA is below the black 34-day EMA (green ellipse). Moreover the EMAs are starting to show angle and separation. This means that the downwards momentum is building and if this continues, we may see a change in sentiment from risk-on to...
That's my view for GBPUSD next days. Price got rejected from the supply zone and probably will go retest SWAP zone again.
Price has previously broken market structure to the downside indicating that it wants to make a move to the downside. It returned to the order block turned breaker for an opportunity to sell. We think that price may return to that breaker to give us another opportunity to sell
GBP/USD Sell Stop @1.2440 SL: 1.2650 TP: 1.2220
Hey guys, I personally am not going to trade this but I saw this and thought it would be nice to share it with you. I personally think CABLE and DRAGON are acting up for this reason and essentially there is a short term bubble in them. I personally am waiting for a little bit of a push upward and then a return back to the normal descending trend. Thank you, Masih
FX:GBPUSD If Cable gets to 1.25 it might fall and retest 1.19 before a possible upside to 1.30.
Resistance above 1.23 awaits at 1.2440, that capped a recovery in mid-March, followed by 1.25, which provided support beforehand