A quick update on the GBPUSD and analysis of other pairs we are looking at.
Waiting to see what happens on GBPUSD could be a big sell incoming
Looking to see if we can get some bearish trend continuation
Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Looking for that first clear possible rejection within the ascending channel
First potential reversal point for GBPUSD keep your eyes peeled for an impulsive move to the downside followed by a correction and then the possibility of even further downside
Hey Guys, If you follow me you'll know that I post my trade ideas/plans quite frequently here. Here I explain several ideas for short selling GBPUSD in the nearterm with entry, stops, and target ideas. Hope you find this video educational and inspiring. Cheers! ~Michael Harding
Hello Traders, Quick update regarding Cable (GBPUSD). This pair is now approaching 1.26 critical resistance zone. A decent shorting opportunity might present itself. Personally I would keep a close eye on this pair especially since Gold is reaching the highest level since 2012. Cheers!
Price is facing bearish pressure from our resistance where we could see a reversal below this level. Stochastic is facing bearish pressure from our resistance as well.
Overall the look and feel of this pair is bearish. There's still alot more red on the screen and when taking everything into consideration with the possibility of a second wave + we Brexit in the later part of the year, I wouldn't expect this pair to really rally to the upside much further, leaving the downside well exposed to risk in the days ahead. Let me know...
Hello guys, I want to enter two new positions here in GBPUSD and AUDUSD . Check the analysis in the video and let me know, what do you think about these ideas. :-) Good trading. John FINEIGHT Team
+115 pips 0 reversal trade .. i shared this with you guys yesterday and it was a perfect trade setup another entery: @ 1.25660 as it is a very strong supp that turned into res GOOD LUCK!