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Gbpusdshortsetup

GBPUSD SHORTI've been consistently changing my bias on GU over the last two weeks. now that we have failed to break 1.40 for the third time, the HTF is showing us a bear flag, looking for a 1-1 move that conveniently puts us back to 1.365 (TP2) so I'm forecasting price to move how I have forecasted. LTF ill look for the Chanel to be broken and retested before I take another entry (maybe London open tomorrow) i'm currently in from 1.3986 on break even so let's see how she moves over the next few weeks. anyone wanna check out my YT check out 'Elliot's Trading' peace
by Elliot_DeBrett
3
GBPUSDThe long bull run for Cable is finally starting to loose steam. As you can see, the last higher high (HH) was formed around the 1.3950 handle (-27.00% Fibonacci Retracement). It has also broken broken out of the parallel channel by forming a bearish engulfing and closed below the 1.3875 zone. A confirmation of bearish reversal can be attained with a break of structure around the strong demand zone of the 1.3750 handle (38.20% Fibonacci Retracement ). #gbpusd #gbpusdanalysis #gbpusd_signal #gbpusdtrade #gbpusdfreesignal #forex #forextrader #forextrading #forexlifestyle #forexsignals #forexsignal #forexmarket #forexeducation #forextrade #forexmoney #forexmentor #forexsignalservice #currency #currencytrading #technicalanalysis #trader #forexmarket #forexfunded #forextrade #forexgroup #forexprofit #forexmoney #daytrader #forextraders #forexanalysis #forextraining
Short
by projectpipelinefx
GBP/USD Trading in Upward Channel.Hello traders, GBP/USD is trading at 1.3942. The price is trading in upward resistance and support channel and moving towards resistance level. If the price rebounds back from resistance level then it can possibly touch its support level. So, the entry price for short will be 1.3966, if the price rebounds from resistance level and its target will be at 1.3911. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
GBPUSD: Correction move probability Hi to all, GU was came a strong resistance level last week. As we know it is in a strong bull trend but i wait a correction fall from this resistance. You can see the pinbar at the last candlestick. After this candle, we can wait an engulf candle too and we could named it a price action formation after that. 1.3190 is the most important support, if it come. Because it is bottom support of the uptrend. The first target of the correction should be this trend line. I'll update this analysis with formations for entry a trade in lower timeframes next week. Have a good weekend all. If you find it useful, please support this idea with LIKE and writing a COMMENT.
Short
by FXLoungeIN
GBPUSD NEXT SESSION PLANS YO YO YO We back baybbbbeeeeeee! how yall doing, hope we started the week off on a blue note of course. If not, we still have the rest of the week to get the gainz in. Lets jump straight into this one. So GBP had a drop today but the drop was extended through the slower period of the day, around 12:30 pm to be exact (my time). I don trade past 11:30 just to stick to the volatile hours of the day. So I have to setups here, one continuing the drop we saw earlier, and one suggesting that price is making a bunch of liquidity to shoot back up during more volatile hours. Now since we are sill in an uptrend on the hourly and the 4h chart, it be more logical to be biased for a buy. that being said, price has gotten comfortable around the trendline i have marked in red. If we see a break of that trend line we can be safe in saying price will continue to drop. For further verification we can wait for price to break the support just below that trend line (in green). If price decides to shoot up, we will most likely see a break out candle simply from all the built up liquidity on this little channel we have i guess you could say. Either way, we are ready either direction price wants to go. But to be one sided im going to be looking for buys before sells simply because of that trendline moving upwards. Thanks for checkin out my ideas, hope you guys enjoy the content and dont forget to follow me to stay up tp date with my ideas daily!!
Long
by fastboiijd
1