Hi guys,
I hope you had an amazing weekend.
I am bearish on this pair, we have a nice bearish divergence on both H1 and M15 with a strong rejection, as shown in my chart.
I am targeting next fib lower (40+pip trade) even though I think it could go much lower.
Do not hesitate to Zoom out for more details.
Any like/comment is highly appreciated !
Best,
Jesse
I hope you had an amazing weekend.
I am bearish on this pair, we have a nice bearish divergence on both H1 and M15 with a strong rejection, as shown in my chart.
I am targeting next fib lower (40+pip trade) even though I think it could go much lower.
Do not hesitate to Zoom out for more details.
Any like/comment is highly appreciated !
Best,
Jesse
Trade active
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Adding more to my shortsNote
Selling has finally started! Finished to add some more shorts. Off the screens for a whileNote
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We are in a resistance zone with a massive bearish divergence in terms volume on h4,h1,m15. Bears should be now ready to short it hardNote
Updating in a couple of hoursNote
Guys, I found a nearly perfect fibonacci setup which is slightly different from the one I gave previously but it explains why the price is currently stuck at these levels.
I am lowering my target to 1.34 (2 fib levels lower).
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The big pictureNote
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Reading lots of super bullish comments on GBPUSD right now. I just can't be bullish when I see that.
But of course, Markets decide everything and of course, I could be wrong !
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Keeping my bearish view, thanks guys for commenting. You are absolutely right it's a question of probabilities! And points of view, ways of drawing trend lines sometimes... That's what makes Tradingview so interesting IMO....
Best,
Jesse
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Finally!I will monitor the position til tomorrow morning my time, maybe book some partial profits at some point.
I don't think the pair will manage to reach my 2nd target by tomorrow morning
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I would have let the trade run to my 2nd target but the fact that it took more time than expected to go down has somehow changed my scenario. have a good day/evening/night guys!
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Took partial profitsSee you guys
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Hi guys, Just spotted this H&S
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RED NEWS in 1.15 HOUR. MONITOR YOUR POSITIONS! STRONG VOLATILITY EXPECTED. I already booked some profits yesterday and will close it a couple of minutes before.
Hopefully it can get close to my final target of 1.35.
Best,
Jesse
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Rejection at neckline level Note
Shorting againNote
Targeting 1.35Note
I will close my trade in a couple of Minutes.Trade closed manually
Closed with a nice profit this new tradeTrade closed: target reached
Target reachedLet me know if you took the trade!
have a good day
Jesse
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Lesson of the day: Keep confidence and follow your analysis and intuition to the end. Price will go where it wants to go no matter the news will be. My track record increased dramatically the day I stopped following blindly some FX analysts and famous FX websites and started building my own strategy.
My goal here is to share my views and make you earn money.
I will develop this point later on in a new post. Stay tuned !
Meanwhile I wish you a good day
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.