Day trade
/
Sell
Trade view / Thursday at 9:54 GMT

Bias remains bearish in GBPUSD but only on rallies

Analyst / PIA First
United Kingdom
Instrument: GBPUSD
Price target: 1.3340
Market price: 1.3375
Background

Selling into mild rallies in GBPUSD this morning.

USD Index Daily: Moving higher in the CD leg of a larger AB=CD formation. Next resistance is seen at 94.09. 
USD D
Source: Saxo Bank

Weekly: Moving higher in a corrective channel formation. This week we are likely to break the sequence of 4 positive weekly performances. 
GBPUSD w
Source: Saxo Bank

Daily: Mixed trading for the last 191 days has formed a bearish Expanding Wedge formation. Levels close to the 161.8% extension level of 1.3562 (from 1.1500-1.2774) continue to find sellers. The trend of higher lows is seen at 1.3170.
GBPUSD D
Source: Saxo Bank

Intraday (one hour): Trading within a bearish channel formation. Intraday, we are between bespoke support (at 1.3342) and bespoke resistance (at 1.3410). With the 161.8% extension seen at 1.3335 (from 1.3548-1.3417) this area is our main focus today. It should be noted that the 261.8% is located near the wedge base (1.3203).
GBPUSD 1
Source: Saxo Bank

Management and risk description

Parameters

Entry: Selling at 1.3410

Stop: 1.3450

Target: 1.3340

Time horizon: short-term

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on TradingFloor.com is found here
4d
BLU BLU
What about GBP/EUR?
4d
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
you can visit our site at www.pia-first.co.uk for all the analysis .
4d
Andrew Perkins Andrew Perkins
LOL like the plug
4d
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
lowering stop to 30
4d
alki alki
Target hit. Party!
4d
Andrew Perkins Andrew Perkins
Stop it Mr Coleman Santa will be visiting you this year top call filled and happy
4d
vik7795 vik7795
Hit! Thanks
4d
tonyovsalford tonyovsalford
Another great call Mr Coleman! 👍 Thank you..
4d
Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
welcome guys... I am off tomorrow ... good luck
4d
Andrew Perkins Andrew Perkins
We fly at 11am tomorrow so might sneak a quick trade when wating for the plane
4d
usxau usxau
Gents, I was off until Monday! Wishing you all a great weekend and happy piping! ;)
4d
Andrew Perkins Andrew Perkins
Boys & Girls hope you all have a great Christmas and New year will be in and out over the next 4 weeks as off to OZ for 4 weeks .little trade in the morning on the way to the airport and that's about it .well you know me propley will still be trading LOL

Big thanks and can't wait for 2018

Andy
4d
alki alki
God speed Andy, Sabina, Ian.
4d
tonyovsalford tonyovsalford
Roll on monday👍
3d
sir..iam india ...your calls posting....targets hit...my namame vevke sir..iam india ...your calls posting....targets hit...my namame vevke
eur/usd buy @1.1738 1 hour trade close the profit
3d
sir..iam india ...your calls posting....targets hit...my namame vevke sir..iam india ...your calls posting....targets hit...my namame vevke
today major and crosses profit book@500 pips
3d
sir..iam india ...your calls posting....targets hit...my namame vevke sir..iam india ...your calls posting....targets hit...my namame vevke
calls update india time 3.30 chek the candle profit book eur/usd, aud/jpy,gold
3d
sir..iam india ...your calls posting....targets hit...my namame vevke sir..iam india ...your calls posting....targets hit...my namame vevke
eur/usd8;pips,aud/jp;8pips,gold10;pips profit:28 pips total

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer
- 沪ICP备13028953号-1

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail