{"id":48964,"date":"2014-03-26T07:08:18","date_gmt":"2014-03-26T11:08:18","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=48964"},"modified":"2014-03-26T07:08:18","modified_gmt":"2014-03-26T11:08:18","slug":"waiting-price-action-sell-signal-gbpusd-key-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/26\/waiting-price-action-sell-signal-gbpusd-key-level\/","title":{"rendered":"Waiting for a price action sell signal at GBPUSD key level"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"dazimg\" alt=\"gbpusd waiting to short\" src=\"http:\/\/www.theforexguy.com\/wp-content\/uploads\/2014\/03\/gbpusd-waiting-to-short.png\" width=\"629\" height=\"487\" \/><\/p>\n<p>The GBPUSD market recently broke a key level after a large bearish rejection candle formed right on support. The rejection candle was covered more in detail in our previous post: <a href=\"http:\/\/www.theforexguy.com\/gbpusd-bears-putting-heavy-pressure-support\/\">GBPUSD bears putting heavy pressure on support<\/a><\/p>\n<p>Now the market has broken downwards and produced modest bearish movement from the support breakout event, we&#8217;ve started to see the market recover from some of those losses in a countertrend retracement in this weeks trading.<\/p>\n<p>This countertrend movement is to be expected, and in fact we need these movements to occur to bring price back to it&#8217;s mean value where we can look for trade opportunities. We&#8217;ve got our sights lines up on a bearish &#8216;hot spot&#8217; where an important key level lines up with the mean value. A bearish <a href=\"http:\/\/www.theforexguy.com\/what-is-price-action-and-the-advantages-of-using-it\/\">price action<\/a> signal printed here on the daily chart would offer a nice low risk\/high probability trading opportunity. Keep your eyes pealed.<\/p>\n<p>Article provided by <a href=\"http:\/\/www.theforexguy.com\" target=\"_blank\">www.theforexguy.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBPUSD market recently broke a key level after a large bearish rejection candle formed right on support. The rejection candle was covered more in detail in our previous post: GBPUSD bears putting heavy pressure on support Now the market has broken downwards and produced modest bearish movement from the support breakout event, we&#8217;ve started &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/26\/waiting-price-action-sell-signal-gbpusd-key-level\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Waiting for a price action sell signal at GBPUSD key level&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-48964","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/48964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=48964"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/48964\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=48964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=48964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=48964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}