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Gbp-usd-short

GBPUSD ShortSetting up sell stop order with TP at previous period's S4 fib line (green) and SL at upper BB and current base fib line. Higher time frame charts support the drop though there's still probability that this pair will go ranging again, but I think it will drop near 1.20 (this year's low) to test the psychological support before either bouncing up or dropping further--depending on the sentiment regarding Brexit and Trump. www.fxstreet.com www.econotimes.com www.fxstreet.com D: W: Confidence: A (technicals are aligned with fundamentals and current sentiment)
Short
by aiza_belle
GBPUSD Short Setup Good evening traders. Earlier today we took a successful short-term short trade on this pair as shown below: You will see in the trade updates that it was closed with about 40 pip profit. With the buying pressure holding we are expecting to see another push to the upside. A rally up into the 1.2775 figure will likely be matched with swift selling. It is up to you how you decide to trade the level, but I advise placing a short order near or at the figure and using a 40-50 pip stop loss. Look to get whatever you can on the profit side. Good luck!
Short
by UnknownUnicorn261897
1
GBPUSD Institutional Short Setup Good evening traders. As discussed in yesterday's short-term technical outlook, a failure to sustain above the week's high at 1.2278 will likely keep pressure on the downside. Spike through week's high was quickly matched with selling. The pressure at this point is to the downside. 1.225 marks intraday resistance where institutional traders may be looking to add to shorts. A rally up into the figure may be matched by quick selling. Enjoy!
Short
by UnknownUnicorn261897
GBPUSD Short-term Technical OutlookThese technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day. Good evening traders. Despite the rally off spike lows at 1.2039, pressure remains to the downside below the week's high at 1.2278. Only a break above the latter will put pressure on the upside and eye highs at 1.2432. At this point shorting opportunities are still preferred until proven 1.2278 is taken out. Enjoy!
Short
by UnknownUnicorn261897
2