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Gbpusdsell

LOOKING AT SELLING GBP/USD FROM 1.35675-1.35700Trend BULLISH : we have been in a long term uptrend since the Start of last march we have been making higher Highs on the higher timeframes so we are currently very bullish this is us going against the trend but we can see that we have a gap below that hasn't been filled and also we can see on the lower timeframes that gu has now started its pullback on the higher timeframes like we have been in a strong up trend for some time we are due a pull back On the lower timeframes we can see a change of trend with ma's crossover also we are being supported by a bearish trend line on 30 minutes chart we can also say we are now starting to make lower lows on the smaller timeframes so we can look for shorts from the best price possible Looking at selling gu from the area of 1.35700 we have an imbalance in this region this also lines up with the 61% fib which could mean we could see some reaction from this area we have a trend line just above that could act as some resistance SELL LIMIT 1 ENTRY - 1.35700 STOP LOSS - 1.35850(15 PIPS) TAKE PROFIT - 1.34500 (120 PIPS) R:R ; 1:10 REASONS FOR SELLING GU 1. lower/lows (15/30) 2. imbalance at 1.34500 3. descending trend line (bearish) 15/30 4. daily close looking to be bearish (4th day in a row) 5.dxy now looking bullish for the time being 6. p= sells also IF PRICE BREAKS ABOVE 1.35850 THIS TRADE WILL BE INVALID We have two targets one of 1.34500 and also 1.33700
Short
by Carlos44
GBPUSD WEEKLY FORECASTGBPUSD price now in resistacne zone what we can except... 1) RED Price can Make a little correction moves downwards upto 1.31200 and then it can move upwards Wait for Price Confirmation @ 1.31200 and then GO LONG... Take Profit @ 1.32600 2) BLUE Price move to new support level Where it will meet upwards trendline @ 1.29950 - 1.300000 Wait for Price Confirmation @ 1.29950 and then G0 LONG.... Take Profit @ 1.31000 3) PINK Price move towards a Major support zone @ 1.28580 Wait for Price Confirmation @1.28580 and then GO LONG... Take Profit @ 1.29800
Long
by Tradersnode1
Short GBPUSD to test 1.21151 level of the broadening channelGBPUSD is a good sell right now as there are a number of patterns that point towards the southward trajectory of the pair. The pair initially went above the broadening channel, but later on reverted back with a head and shoulder pattern (blue shaded area) which make bears on the winning side, with the target of testing the lower trend line of the channel at 1.21151. In other words, follow the red arrow. Meanwhile, the pair is taking support from the 1.22859, which might become the neckline for the second head and shoulder pattern (highlighted by green area). The second shoulder of the pattern has not formed yet, which can make the prices turn to 1.24043 resistance level. In other words, the pair can follow the path highlighted by blue arrows. 10 to 20 pips above this resistance can be the stop loss for this entire trade. Furthermore, on the weekly chart, the pair has formed an evening star pattern that again supports the bearish argument.
Short
by forexnoobmaster007
GBPUSD hits 1.2310 buyers may test towards the 1.2380 and 1.2480The British pound has surged to its highest buying and selling stage since late-July in opposition to the US greenback as dip-buyers retain management of the pair. The GBPUSD pair has hit its near-term bullish goal, at 1.2310, though the bigger upside goal is nearer to the 1.2500 stage. Bulls might want to maintain worth above the 1.2310 stage to encourage extra shopping for in direction of the 1.2380 resistance space.  The GBPUSD pair is simply bearish whereas buying and selling beneath the 1.2195 stage, key assist is discovered on the 1.2155 and 1.2100 ranges.  If the GBPUSD pair trades above the 1.2310 stage, patrons might take a look at in direction of the 1.2380 and 1.2480 ranges.
Short
by forexinworld