Today I want to review a short setup on the GBPUSD(
GBPUSD) pair.
GBPUSD is currently near the Resistance zone($1.360-$1.351) and Support lines.
The question is, can GBPUSD break the Support lines!?
GBPUSD started to decline with a lot of momentum over the past week and this is a good sign for a break of the support lines.
According to Elliott Wave theory, GBPUSD appears to be completing microwave 4, and given the bearish momentum, we can expect microwave 5 to break the support lines.
I expect GBPUSD to fall at least to the Potential Reversal Zone(PRZ)[$1.342-$1.336].
Stop Loss(SL): 1.3600 USD
Please respect each other's ideas and express them politely if you agree or disagree.
British Pound / U.S Dollar Analysis (GBPUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GBPUSD) pair.GBPUSD is currently near the Resistance zone($1.360-$1.351) and Support lines.
The question is, can GBPUSD break the Support lines!?
GBPUSD started to decline with a lot of momentum over the past week and this is a good sign for a break of the support lines.
According to Elliott Wave theory, GBPUSD appears to be completing microwave 4, and given the bearish momentum, we can expect microwave 5 to break the support lines.
I expect GBPUSD to fall at least to the Potential Reversal Zone(PRZ)[$1.342-$1.336].
Stop Loss(SL): 1.3600 USD
Please respect each other's ideas and express them politely if you agree or disagree.
British Pound / U.S Dollar Analysis (GBPUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Dagangan aktif
Trade was activatedDagangan ditutup: sasaran tercapai
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Penafian
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.