Currently, GBP/USD is trading at 1.2614. The pair may start a new down trend if it breaks the support level and neck line at 1.2582. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the neck line, then its first target price will be at...
Market may go for a 3 drive pattern above. If we close below the zone, we shall be in for a ride down.
Hi everyone. Today GBPUSD. We have strong downward trend and its not exactly exousted for this moment. MM open 9K contracts for sell and short it from 1.2350. So my opinion short to 1.2272 and maybe 1.2227. Levels thanks to X-Lines script. Waiting your likes. Follow me.
If you Agree, hit the like button and follow me to see my opportunity to buy or sell in the market. Keeping the trade simple, even it's super simple, as long as you understand what you are doing then take the risk to gain. Money Management: 1. Lot size: Acc 100 USD : 0.01 lot Acc 1000 USD : 0.1 lot Acc 10,000 USD : 1.0 lot Acc 100,000 USD : 10.0 lot Acc 1,000,000...
If the BLUE line is broken( Scenario-1 ) on Monday it's definitely going to be a SELL week for GBPUSD. If the market goes NORTH on Monday then, I will wait till scenario 3 happens and potentially a triple top will happen. Then it will be a GREAT SELL!!!
w pattern has formed during right shoulder of HS. Hit strong resistance too, so expecting a short here. 100 pips.
Look to SELL around 8PM CST TONIGHT (APRIL 15TH). PRICE SHOULD HIT 1.23045
Looking for a break and retest of the trendline, a break of the 50 EMA, both of which line up perfectly with the 'golden pocket' area of the Fibonacci.
Selling GBPUSD pair based on the bigger picture. Looking at the structure, the market has given us the correction and looks like a nice break of that correction. The pair since December has given us a lot of lower highs and a nice downtrend to continue following. Depending on how the market reacts, we may get to see the price continue lower to fill the start of...
15/02-2020 - GBP/USD: bearish signal Strong bearish trending move followed by ABCD pattern completion at previous resistance. Trend continuation is expected. TP1: 1.295 TP2: 1.275 STP: 1.307 Good luck to all trading this pair for the week!
Similar to my AUDUSD idea, I have technical reasons to believe that GBPUSD is about to make a swift move downward. Short term bear trend here has been obscured by absorbent buying on each attempt to flush out longs. 1:6 R:R On Weekly timeframe you will see a just recently posted bearish engulfing candle. On Monthly timeframe you will see a just recently...
New Trade levels for long and short gbpusd if u agree then u can take trade with proper money management thanks
#GBPUSD broke an important trendline: We suppose it keeps collapsing. Entry: 1.300 or 1.30412 (to take a lower risk) SL: 1.30723 TP: 1.292
It's likely that GBPUSD will continue downtrend towards the support level, but look for bullish reversal afterwards.
Hey traders, Yesterday I posted an analysis of GBPUSD H1 Charts This prediction has come true! Bears are in full control right now and we are looking at potentially a bigger drop to the downside. Simple price action and analysis before this week's close.
Hey traders, Here is my current analysis on GBPUSD on the H1 Charts. We have a double top pattern that has formed. In order for us to confirm the pattern we need a break of the neckline to the downside. This is simple technical analysis paired with DXY strength.
Hey traders, Here is my analysis of GBPUSD on the H4 charts. Where price goes from here will signal who is in control. We can either have a respect of this previous high and price rejects this level. Or price can breakout creating a higher high with bulls firmly in control. My guess is down, but who knows. Simple price action and analysis.