GBPUSD - Intraday - We look to Sell at 1.2420 (stop at 1.2460)
Broken out of the Head and Shoulders formation to the downside. The formation has a measured move target of 1.2255. The 50% Fibonacci retracement is located at 1.2270 from 1.1958 to 1.2582. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning....
Hope all is well. My 13th published trade on Tradingview.com (EURJPY was a huge disaster and stop-loss was hit)
*Please keep yourself alerted on my trades, I will advise either on my Instagram (@Saifsofficial) or in the comment section in Tradingview.com*
Taken this short on a 4hourly time frame based on the price, rejecting from a major...
Another possible chance to enter on GBPUSD short if you missed the initial move from the top.
Right shoulder completion on the bigger H&S pattern
Believe this could be £'s last hurrah before Brexit.
Any question dont be afraid to ask
After the indecision shown by the GBPUSD pair bears have managed to push price out of the ranging zone of last week an now the pound is set to freefall back down towards previous lows. This is also paired in conjunction with fundamentals such as the strain of Brexit and the UK's economical situation on the Cable.
SELL GBPUSD 4HR FX:GBPUSD
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For those who want to re-entry, only if you find good reversal candle from this blue level, if not, we should not re-entry...
Hope all is well, my 10th published trade on Tradingview.com (USDCAD is making its move to take profit zone, slowly but surely. If you got in at where I said, then fantastic. We're catching these pips together.)
*Please keep yourself alerted on my trades, I will advise either on my Instagram (@Saifsofficial) or in the comment section in...
Like all the GBP pairs baring the NZD there are shorting opportunities on every pair.
Waiting for Monday
Confirmation on the 4 hour TF and all my rules to be met then i will be opening a short position..
GBPUSD Sell off analysis! Seems pretty straight forward, wouldn't you agree? Monthly resistance not broken yet, and the fibonacci lines up perfectly for a sell. There is a 50 and 200 SMA that price is below too.. but I try not to use too many indicators, as I am a straight up price action trader. Would love to get your thoughts!