GBPUSD is heading to 1.24200-1.24000 Zone(5/9/2024)Right now, GBP/USD FX:GBPUSD is facing the BOE interest rate descision.
current momentum is bearish and the price has broken a trend line.
We believe the price move bearish until 1.24000.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.
Gbp-usd
GBPUSD - Short Trade Idea, Analysis, and ICT EducationHi friends,
I hope everyone is doing well.
In this video I share my analysis and bias with GBPUSD, I show you how I come up with this analysis, and I advocate additional confluences in your analysis as well as demonstrate what I mean. But please note, I am using ICT Concepts. If you aren't familiar, then it wouldn't make sense to you. However, you will probably have your mind blown anyway. No other concepts allow you to predict price action with accuracy before patterns form.
As you know, I've been expecting a stronger USD and Weaker XXXUSD pairs. We have quite a few confluences going on which give me faith in this bias and narrative. You'll have to listen to me ramble in order to find out the sauces that I use for my bearish dish. Apologies to the lazy folks ;)
I implore you to go into your own charts and study the same thing. If not, you'll be cheating yourselves.
- R2F
GBPUSD H4 - Short SignalGBPUSD H4
Similar outlook to XAUUSD, we have already shown a response to our indicated sell zone, albeit, just at the wrong time. GBPUSD pinned into our 1.26 confluence zone following the cluster of data we saw on Friday.
If this zone sees another test of 1.26, this could be something we look to short, in line with USD strength.
Beginning of a reversal...been waiting for GU to turn back bearish. Now it looks like its ready to start making that turn. At this point just waiting for further confirmation going into London session. If we can manage to break above 1.258 before London open then I will expect for price to make a new high for the week. if we maintain below that zone until after London session then I will look for a test and reject at that level.
GBPUSD is approaching a significant resistance area.Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25900 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.25900 support and resistance zone.
Trade safe, Joe.
GBPUSD Long Opportunity After Level Breakouts:Based on current news and pending level breakouts, it's essential to recognize the evident levels on both the 1-hour and 15-minute charts. Additionally, the daily chart indicates a significant level. Therefore, it's advisable not to initiate a long position until the levels on the 15-minute and 1-hour charts are breached. Also, it's prudent to wait for the outcomes of the upcoming news releases concerning the USA, including the unemployment rate and ISM service PMI.
HelenP. I British Pound can start to grow inside upward channelHi folks today I'm prepared for you British Pound analytics. If we look at the chart, we can see how the price a not long time ago declined to the support level, which is located inside the support zone, and in a short time later broke this level. After this, GBP continued to decline to the trend line, and when the price reached this line it turned around and started to rise inside the upward channel. Inside the channel, GBP broke the 1.2400 level again and later reached the channel's resistance line, after which rebounded and made a little correction. Then the price rose to the resistance level, which coincided with the resistance zone, and even entered to this area, but soon turned around and fell to the trend line, which is the support line of the channel also. Recently price rebounded from this line and rose to the 1.2545 level, but at once rebounded and started to decline. For my mind, British Pound will fall to the support line of the channel and then start to grow to a resistance level. When GBP reaches this level, the price can break it, make retest, and continue to move up, therefore I set my target at 1.2615 points. If you like my analytics you may support me with your like/comment ❤️
GBPUSD - Following The Trend 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPUSD has been overall bearish , trading within the falling channel in red.
Currently, GBPUSD is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a supply zone marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and green supply zone.
📚 As per my trading style:
As #GBPUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Shorting on Gbpusd or Nzdusd if USD is still to strongerHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
If usd came out stronger this coming week, i will be focusing on both Gbpusd and Nzdusd for shorts.Let's see!
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
GBPUSD - Price can leave pennant and rise to resistance levelHi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊
Some days ago price broke $1.2615 level and entered to resistance area, where some time traded and later bounced up.
After price rose to $1.2885 points, it started to decline inside the falling channel, which fell to $1.2615.
Later GBP broke $1.2615 level, after which made upward movement to $1.2710 points, and then made a strong downward impulse.
Price broke $1.2615 level one more time, exiting from channel and starting to trades inside pennant.
In this pattern, GBP declined below $1.2425 support level, but recently backed up and now trades close resistance line.
In my mind, British Pound can fall to support line and then bounce up to $1.2615 level, exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
GDPUSD: Short the poundThe next significant event on the horizon is the release of USA Gross Domestic Product (GDP) data. While this announcement has the potential to influence market direction, I anticipate it may not yield significant changes.
However, it's essential to remain vigilant and stay updated for any developments following the release.
Stay tuned for further updates as the situation unfolds.
***** Avoid Short Term Long Trades.
Best regards,
GBPUSD is approaching an important resistance areaHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24200 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.24200 support and resistance area.
Trade safe, Joe.
GBP/USD has a strong bearish momentum, could it fall further?Price is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.23887
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 1.24280
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement.
Take profit: 1.23010
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPUSDEverything you need to know is plotted with lines inside the chart
But in short:
I think the price should have a pullback to Fvg (before Choch), and this pullback can be with shadow because a flipzone also support Choch zone.
At the moment, my view is bullish up to FVG, and as soon as it hits it, it will probably be bearish (after checking the strength of the buyers).
Good luck
Gbp seems one of the weakest...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Gonna look out for shorting opportunities with Gbpusd or its crosses. See how it goes
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
GBP/USD: CPI Announced at 3.2%Traders,
NOTE Don't forget about LTF confirmations,
The CPI data has been announced at 3.2%, marking a 0.1% surprise. This development adds a layer of significance to the current market dynamics.
In addition to the previously highlighted zones, such as the area around 1.246, it's essential to keep an eye on the EMA50. This moving average could serve as another valuable level to consider for shorting opportunities.
As always, remain vigilant and adaptable in your trading strategies, especially in response to unexpected data releases like this one.
Best regards,
Could GBP/USD bounce from here?Price is falling towards a support level that is an overlap support and could bounce from this level to our take profit
Entry: 1.23972
Why we like it:
There is an overlap support level
Stop loss: 1.23074
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci projection.
Take profit: 1.25215
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.