TerryHarmonicTrading
看空

GBPUSD hits top of daily channel, waiting for bearish setup

FX:GBPUSD   英鎊 / 美元
This is an update to my GBPUSD             analysis I talked about last week.

GBPUSD             has hit top of daily channel with excessive volume (See daily chart ).

This likely suggests that buyers could have cashed out since price has not moved up for the past 2 days.

I see this formation as being weak and I will be looking for short opportunities above 1.3570.

What I will look out for?

1. Weak break out above last week high on LOW volume
2. Mid to high volume bar, high spread closing on the lows.
3. Will enter upon completion of 2)
4. Will target low of channel as profit target, risking about 100 pips to make about 500 pips.

Will keep you guys posted.
交易進行: Went in long after FOMC around 1.3490. Hoping for a good ride to 1.3050.
評論: Bears have won the battle yesterday. Commodities should drop first, but I believe GBP will be next. Do not catch a falling knife. Do check out my GBPAUD short idea for another potential shark sell in the next few trading days.
評論:

Will be tough for GBPUSD to head higher with the high volume selldown at the top of the ed channel. The path of least resistance should be bear in the upcoming week.
評論: Bulls and bears still fighting. I'm standing on bear!
評論: pound is still struggling to fall. Once it really decides to fall, I know it will be a nice big fall!

Still holding on to my shorts from 1.3490.
My stops are at 1.37.
TP will be close to 1.3050.
評論:

Last week's multiple effort to move GBPUSD higher failed.

Even with excessive (Black) volume, price still did not manage to break above the ED H4 channel it is trading in.

With that high effort and no results, I expect lower prices still for GBPUSD to around 1.3 - 1.31 this week.
評論: +230 pips and counting
評論:

Price might bounce up today.

Setup is still safe as long as price continues to trend within ED channel.

Good luck, we are riding on +240 pips of profit, another 200 pips to my eventual target profit.
評論: 38 pips more before it hits my TP. This is an amazing ride, who is with me? Anyway, tonight is NFP, I might close my trades before NFP. Will keep you guys posted.
交易結束:目標達成: Manually closed this off at 1.3060 before NFP. Contented with 430 pips of profit. Gonna enjoy my weekends.
missed this one Terry... nice call.
回覆
nice one bro @TerryHarmonicTrading
回覆
@johnle, thanks man. Which John are you?
回覆
johnle TerryHarmonicTrading
@TerryHarmonicTrading, no,just nickname lol
回覆
Good call!
回覆
@genkumag, thanks man. Appreciate your follow!
回覆
Hi terry,

I def like your work and the way you trade. I have a question. Where can i learn to read volume the way you do ?

Sorry if my english ain't really good i come from France.

Thanks,

Anthony
回覆
@Forexcellent, Hi Anthony, thanks for reading my work. Drop me your email and I will send u something useful on volume.
+3 回覆
good entry. a very high chance for GBPUSD to have corrective down move
回覆
ZH 繁體中文
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
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人檔案設定 帳戶和帳單 我的支援工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出