Akil_Stokes
Giá xuống

GBPUSD DAILY - 500 pips of Selling Opportunitites

FX:GBPUSD   Bảng Anh/ Đô la Mỹ
One of the main Forex pairs that I have on my radar for the week ahead is the GBPUSD             . This pair was at a decision point heading into Friday's Job Day & as a result of the pro-dollar move we officially have confirmation of a bearish simple pattern formation called the Double Top .

Despite the Double Top formation being a bearish signal, i do have my concerns about the overall price point in which it completed. Therefore I'll be looking for a break of it's lows & confirmation that we indeed have a legit bearish move. If this were to happen, it would open up about 500 pips of potential selling opportunities down to the level where I would expect buyers to be interested once more.

Needless to say this opportunity is one that is heavy on my radar as both a swing trader & a day trader.

Do me a favor. "IF" you like this post "THEN" hit that thumbs up button in the bottom right & leave a comment!

Akil Stokes
"Win or lose tonight, my hometown of Philadelphia, PA will most likey be torn apart after tonight's Superbowl"
SIGN UP FOR THE "TRADE TO MEASURE" WORKSHOP

A 1st of its kind 3-DAY ONLINE TRADING WORKSHOP WHERE YOU SET THE AGENDA!

Registration is FREE but seats are limited

Reserve yours now
https://tieronetrading.com/trade-to-measure/
Thankyou for your analysis :)
+1 Phản hồi
Akil_Stokes JayyaOnsomkrit
@JayyaOnsomkrit, You're welcome! I appreciate the comment
Phản hồi
Hey Akil, if it was a Double top on the 240 would it have added to the reasoning to try and get short, or is it irrelevant to you as the daily overrules it? This could also be the same for say the 240 and the 60min charts.
+1 Phản hồi
@Kareem, Hi Kareem, no, that wouldn't have made any difference. In general, price just isn't at a level where I'm confident in seeing a continued bearish movement.
+1 Phản hồi
Also, price bounced lower on the 1.4222 resistance on the weekly time frame and is also just above the 200-period EMA (weekly). Great to see we came to the same conclusion. Hope we're right :)
Cheers
+3 Phản hồi
@pr21, Thanks
Phản hồi
good job
+1 Phản hồi
@wangbujun, Thank you!
Phản hồi
I do believe there is also a resistance/support level at around 1.4209 and price also gave an engulfing candle so by all means go short ;-)
+1 Phản hồi
@tidemann, That's the great thing about technical analysis, we can all have slightly different views and very rarely does that mean that we're wrong. A great author once said "Trade What You See"
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất