Gbpusdsell
GBP/USD SELL SIGNALHey tradomaniacs,
welcome to another trade-setup!
Notice: All trades ahead the FOMC-meeting involve a higher risk!
GBP/USD: Daytrade-Execution
Market-Sell-Order: 1.41670
Stop-Loss: 1.42055
Point of Risk-Reduction: 1.41420
Take-Profit: 1.40790
Stop-Loss: 39
Risk: 0,5% -1%
Risk-Reward: 2,30
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Peace and good trades
Irasor
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GBP/USD is too risky for trading, waiting for confirmationstarting with the monthly time frame we are in a clear downtrend and this trend has been broken.
so we expect that the price will continue going up.
the double bottom formation is completed and we expect that the price will pull back to test the neck of the "W" formation and then going up.
that aligns with the string area in the monthly time frame that is treated as a strong support and resistance area, so we are expecting the price will reject it and going down.
weekly time frame shows the rejection for the monthly area.
the daily chart we are in a strong uptrend and this trend treat the price as support and resistance.
so this is too risky right now for trading GBPUSD because we are in a sensitive area.
using COT report that shows us how hedge funds and big banks are doing with the currencies, shows they are interested in shorting GBP more than buying it.
so we should be careful and drow another small uptrend and waiting for a breakout of it with rejection for the strong monthly area and that will low the risk for our trading.
if the price breaks the monthly area and closes above it, then we look for buying opportunities.
becareful...
GBP/USD in resistance level, possibility of a sell tradeGBP/USD went up quite strongly over the last few days but yesterday, the bulls
took a breather. The rally stopped at a familiar resistance level and based on the
current price action, there is probability of a further drop.
The short-term support at 1.4105 needs to break for the downtrend to accelerate.
If this weakness continues, selling GBP/USD@1.4122-1.4150 with SL above 1.4240
and TP at 1.3950 is potential sell signal.
GBPUSD, 4hr tf, wave-3 to the downside
As long as price hold below 1.3980 we could expect price to continue going down.
Price holding below the descending trendline for now so will try to forecast the movement with elliott wave theory.
We're now on the process of wave-3 and this wave will consist of 5 subwaves.
This wave-3 could go down towards 1.3660-1.3600. But in order to reach that, price need to closed below 1.3800. It is more convincing if it was daily candle closing below 1.3800.
Sell GBPUSD 1.3920
Stop loss 1.3980 (60 pips)
Take profit 1.3660 (260 pips)
RR ratio 1 : 4.3
Use only 1-2% risk
Good luck
GBP/USD New Short 2 Setups To Catch More Than 150 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPUSD, 4hr tf, further weakness below 1.4000Hello my friends,
Another trade ideas for today is GBPUSD pair.
As you can see price recently broken below the ascending trendline. It also bounce back from strong resistance at 1.4000.
As long as price failed to closed above 1.4000 on a daily closing basis then we might see further weakness on GBPUSD.
Right now price retesting the broken trendline and it also exactly at 61.8 fibonacci retracement level.
We could say this might turned to be a strong resistance and expect more drop on GBPUSD.
Sell GBPUSD 1.3910
Stop loss 1.3980 (70 pips)
Take profit 1.3650 (260 pips)
RR Ratio 1 : 3.7
Use only 1-2% risk
Good luck
GBP/USD SELL SIGNALHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
GBP/USD: Daytrade-Execution
Notice: Tight Stop-Loss here again - If you get heart-attacks by ever pip against you make sure to use a wider one.
Market-Sell-Order: 1.39545
Stop-Loss: 1.39655
Point of Risk-Reduction: 1.39460
Take-Profit: 1.39180
Stop-Loss: 11 pips
Risk: 0,5% - 1%
Risk-Reward: 3,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me