Vikinsa's GBPUSD Journal

GBPUSD is now seem to be going for purple pattern at the bottom which will give us a long opportunity. But for now I have re-initiated a short position until then @ 1.3020 and target 1.29530

GBPUSD Top Down Weekly Analysis Using Fibonacci Confluence:

https://www.tradingview.com/chart/GB...ekly-Analysis/

Closed my short on the completion of the bat pattern (as per analysis). Waiting for break of this area for a new short or break of 38.2 fib profit level of bat pattern to go long.

GBPUSD rising from Bat Pattern completion as expected. I am long until 38.2 level i.e. 1.30780

https://www.tradingview.com/x/Iu0V0ESK/

My GBPUSD long going well after a successful short. Fibonacci confluence and harmonic patterns at their best

Added to long position after recent fall from 23.6 fib.

Partial profit taken, stop moved to little lower than break even at 1.29776. Riding the wave now. Will add more to it when the market pulls back and keeps the bullish structure intact.

1.3160 is the level to watch for. GBPUSD is destined to go down I think but before brexit, it probably needs to go to 61.8 at 1.316. I will have short positions ready.

Great short opportunity:

https://www.tradingview.com/chart/GB...t-Opportunity/

waiting for that 61.8 touch this week to short:

GBPUSD short position from that 61.8 fib level has been running . Very accurate entry.

Short running great. 3.8:1 R:R already and risk free trade

#GBPUSD has been confusing traders with its #ukelections #brexit fundamentals, price action and consolidation. in this video we look at all reasons why I think it is about to go down.Hint: Hammer

Bull trap started?

https://www.tradingview.com/chart/GB...ial-Bull-Trap/

200 PIPs so far from the zone: https://www.tradingview.com/x/UGKrc8kI/

#GBPUSD Hammer candlestick hammering the price as expected. 200 Pips so far. They hid this bull trap in this COT reports.

Current state:

GBPUSD falling as expected....

Rejection of new trend line:

260 Pips short from my zone: