Finally GBP ShortGBPUSD created a bearish butterfly pattern on 1.42; Now expected a short to 1.261xx
Gbpshort
GBPUSD Ready To ShortGBPUSD created rising wages with a clear hidden bearish divergence on the weekly time frame. And its Monthly 0.618fibonacchi golden ratio zone; a big short antoicipated.
1st TP 1.241xx
2nd TP 1.222x
GBPUSD Ready To ShortGBPUSD create a triple top pattern And anticipated short from 1.265xx to 1.237xx to 1.164xx in the long run.
Where GBPUSD heading Friday 6/9/23GBPUSD broke out 1.2540 resistant and forming a Divergent using AO indicator, price higher-high and AO lower-low. Trading 4H trend line target short at 1.2580 and take profit 1.2530.
Bearish On GBPUSDI am bearish because the overall daily trend is a downtrend. Meaning this is a pullback and the overall trend is catching up to the global trend... We have failed to break through this key support level 3 times and we are going for a retest. I am looking for a sell position around 1.26250. I have listed out my first and final TP zones. Let me know what you think ! As always trade safe and manage your risk as I have. I put my SL right above the last swing high to give my trade a little breathing room!
GBPUSD SELL SETUP HELLO, ALL,,, GBPUSD SELL,,,, WAIT... a BIT.... Have Some Pips To Move up and We Can SEE Good Sell Off...
Gbpusd long Gbpusd long before weak usd figures, expecting some volume back at this rejected support
GBPUSD Short Term Bullish Sentiment off Daily LevelGBPUSD Short term Bullish Play to find Fair value Liquidity for further Shorts after some Weak CPI Figures this morning, Traders from Wednesday closing full short positions or deleveraging should create some bullish bias once the UK Market closes 5:30
GBP/USD Long-Term AnalysisIn this analysis, we will delve into the GBP/USD currency pair and present a long-term outlook suggesting a significant devaluation of the British pound relative to the US dollar. We will discuss the pair's current state, target levels, and provide supporting factors that indicate a downward trajectory for GBP/USD.
Analysis:
The GBP/USD currency pair has exhibited a bearish bias, signaling a potential long-term devaluation of the British pound against the US dollar. Presently trading at 1.24238, the pair has shown signs of weakness and failed to establish sustained bullish momentum.
Target Levels:
Our analysis identifies two critical target levels for the GBP/USD pair:
1. First Target: 1.29518
The first target level for GBP/USD is 1.29518. Reaching this level would mark a significant milestone in the pair's downward trajectory. It is important to monitor price action as the pair approaches this level, as it may encounter resistance and potential reversals.
2. Final Target: 0.58557
The final target for GBP/USD is set at 0.58557. This target suggests a substantial devaluation of the British pound against the US dollar in the long term. Reaching this level would indicate a significant shift in market dynamics and a prolonged period of bearish sentiment for GBP/USD.
Several factors contribute to the notion of a devaluation of the British pound against the US dollar:
1. Macroeconomic Factors:
a. Economic Indicators: Weak economic data such as GDP growth, inflation, and employment figures in the UK can contribute to downward pressure on the pound.
b. Monetary Policy Divergence: If the US Federal Reserve maintains a relatively hawkish stance compared to the Bank of England, it can attract investors to the US dollar, leading to pound depreciation.
2. Political Uncertainty:
a. Brexit Fallout: Ongoing Brexit-related uncertainties and potential trade disruptions may negatively impact investor confidence in the British pound.
b. Political Developments: Political instability or policy uncertainties in the UK can weaken the pound as investors seek safer alternatives like the US dollar.
3. Market Sentiment:
a. Investor Risk Aversion: In times of global economic uncertainty or market downturns, investors tend to flock to safe-haven currencies like the US dollar, exerting downward pressure on the pound.
b. Sentiment Indicators: Monitoring market sentiment indicators, such as positioning data and trader sentiment, can provide further insights into the prevailing bearish sentiment on GBP/USD.
Based on our analysis, the GBP/USD currency pair is likely to experience a long-term devaluation of the British pound against the US dollar. The first target level is 1.29518, with the final target set at 0.58557, indicating a substantial downward move for GBP/USD. Supporting factors, including macroeconomic indicators, political uncertainties, and market sentiment, contribute to this outlook. Traders and investors should carefully monitor these factors and exercise caution when making trading decisions related to GBP/USD.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading in the foreign exchange market involves risks, and traders should conduct their own research and seek professional advice before making any investment decisions.
GBP-USD - SCALP TRADE _ SHORTI will enter with a short under the enter area , first we need to wait for a breakout of the support line
Huge Risk to Reward Trade opportunity on GBP/USDGBP/USD approaching a strong resistance area and descending trendline resistance.
I am also expecting a Risk off mood next week which will boost the Dollor.
Big opportunity for a strong short opportunity.
1:5 Risk to reward
Trade with caution and always remember to manage your risk.
Patience Pays!
on gbpjpy double tophey guys today we can see GBPJPY making double top and also on its supply zone so maybe it will go bearish FX:GBPJPY
GU IS MAKING SENSE gbp/usd has two market structure shifts . first, on top. that push price to last bottom . and second shift has happened on botttom range . but far from bottom range . then we dont take that pos . if remmember , when ms happen source will take action on their zone . then we look price on top. then going to get short.
Will the pound usher in a bull market?The current interest rate hike is nearing the end. The market has digested it, and the dollar has fallen in a volatile manner. Now that European banks are accompanied by the bankruptcy of Credit Suisse, there should be other bank risks. At the same time, Europe is also following the Fed to raise interest rates. Now the Ukraine crisis continues, the European energy crisis, the food crisis and the refugee debt crisis continue, and the recession is inevitable, so the euro and the British pound are likely not to go into a bull market.
In addition, judging from the current structural trend, GBPUSD has rebounded sharply after a sharp decline, so the lower support is not very strong, and there is a need for a second fall to verify the lower support, so GBPUSD still has a need for backtesting in the short term.
In the short term: pay attention to the resistance of 1.245 above, and observe the defense of 1.238 below.
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GBPUSDAccording to my trading this currency will come down. So trade your own risk, i hope you will get winning this short trade
GBP/USD Get prepared for short positionsHI Dears
If you look carefully at the chart of the British Pound (GBP/USD) you will see the bearish scenario.
I will tell you the reason by the RTM method.
The price made a powerful 4h FTR and also an MPL zone. after that, the price broke the 4H trading range but in fake mud to gather the liquidity that is needed for a powerful downtrend.
After that the price starts its downtrend and also the MPL zone is engulfed.
so we go back to the base of the POLE.
Sincerely
Hosein Poursaei
Earlier Analysis of the GBPUSD Pair by Trader Sam was Correct!To continue with the trade.
Place your stop loss at the back of the last completed candlestick of on the HR Timeframe!
Finally GBPUSD Ready To Short!GBPUSD create Strong bearish divergence with a rising wedge pattern . And surely there was an unmitigated order block, now it has also been mitigated!
Remember, there is no place for luck in trading - only strategy!
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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organised and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
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Best Regards!
Mahfuz Azim
GBPUSD - Short idea GBPUSD looks good to come down again, I guess this will take a few days.
Let's see how this plays out!
GBP Short Setup Straight forward short setup for the GBP / USD .
Perhaps this is too obvious but either way i present to you a nice short setup with easy invalidation .
At the target box we have the 200EMA sitting with .618 fib and the point of control of the range *POC
I don't think we go straight down from here although of course that's possible but i would like to see a
reaction at the level provided and then perhaps a move back up to take out those equal highs before the real move down .
With NFP tomorrow perhaps this is a scenario which will play out during this time .
Trade with a clear invalidation and like follow to support me .
Thanks for stopping by
GJ Short Idea3rd touch on a daily level, with mixed fundamentals in the market currently. Other JPY pairs on a level at the moment therefore looking to short to the previous low.
