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Gbpusd_forecast

GBPUSD Technical Analaysis and Trade IdeaThe GBPUSD has exhibited a notable shift in behavior compared to the downtrend last week. We observed some upward momentum from Friday into Today. The critical question at hand is whether this signals the onset of a bullish or bearish week ahead. Most recently, the cable has leaned towards a bearish bias; however, there may be room for an early-week retracement, potentially resulting in a green weekly candle. Conversely, there is a plausible argument for a bearish week ahead. In our video analysis, we will meticulously evaluate the pros and cons, carefully weighing all factors to formulate a potential trade entry strategy, possibly during the New York Open today or even the London open tomorrow. It's important to emphasize that the content of this video is provided for informational purposes only and should not be interpreted as financial advice.
by tradingwithanthony
2
GBPUSD Technical Analysis and Trade IdeaDelving into the GBPUSD currency pair's analysis, we observe a significant development: it has reached a crucial support level after experiencing a substantial bearish trend. At this juncture, it becomes apparent that the price is stretched, potentially signaling an impending retracement. As always, the video accompanying this description offers a comprehensive exploration of key factors, including price action, market structure, and various critical aspects of technical analysis. It is imperative to stress that the information shared in this content is exclusively for educational purposes. It should not, under any circumstances, be construed as financial advice. Therefore, it remains paramount to exercise diligent risk management strategies when participating in trading activities.
Short
by tradingwithanthony
4
British Pound Plunges as Bank of England Holds Interest RatesI bring today is far from uplifting. As you may already be aware, the British Pound (GBP) has taken a significant hit in the wake of the recent decision by the Bank of England (BoE) to hold interest rates steady. This unforeseen turn of events has left many traders like yourself feeling disheartened and uncertain about the future of GBP. The BoE's decision to maintain interest rates has sent shockwaves throughout the financial markets, triggering a substantial decline in the value of the British Pound. This unfortunate turn of events has left the currency vulnerable and exposed to further downside risks. While it is indeed disheartening to witness such a decline, it is crucial for us to adapt and seize opportunities even in the face of adversity. Given the current state of affairs, I would like to encourage you to consider taking advantage of the situation by exploring short positions on GBP. The downward trajectory of the British Pound may present an opportunity for you to potentially profit from this unfortunate turn of events. However, please remember that trading involves risks, and it is essential to conduct thorough analysis and consider your risk tolerance before making any investment decisions. In times like these, it is crucial for traders like yourself to stay informed and adapt to the ever-changing market conditions. Monitoring economic indicators, central bank decisions, and geopolitical developments will be key in navigating the turbulent waters of the foreign exchange market. If you require any further information or assistance regarding shorting GBP or any other trading-related queries, please don't hesitate to comment below. We are here to support you and provide you with the necessary guidance to make informed trading decisions during these challenging times. Remember, even in the face of adversity, the trading world remains full of opportunities. By staying informed, adapting your strategies, and seeking professional advice, you can navigate these uncertain waters and potentially turn this unfortunate situation to your advantage.
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TVC:BXYShort
by bryandowningqln
15
GBPUSD LONG TERM BUY IDEAAug 28 Hello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
GBPUSD Analysis: Potential Support and Trading PlanAs anticipated, the GBPUSD pair has undergone a decline, currently trading below the crucial 78.6% Fibonacci retracement level at 1.24700. Our analysis suggests the potential for a retest of the 78.6% Fibonacci level at 1.24850. Following this, we anticipate a downward move towards the 88.6% Fibonacci retracement level, coinciding with the S2 Pivot from D1 at 1.23930 and the psychological support level of 1.24. This convergence of multiple strategies and technical indicators indicates that this support level could potentially act as a formidable barrier for bearish momentum. From this pivotal support, our outlook envisions a strong upward rally towards the 1.27200 to 1.2800 levels. In accordance with our trading plan, we are considering initiating a trade near the 88.6% retracement level. To manage risk effectively, we plan to implement a stop-loss order just below the low from May 23rd, positioned at the 1.23 level. This risk management strategy aims to limit potential losses to approximately 0.8%, while targeting a potential reward of around 3-3.5%. It is crucial to emphasize that this analysis is not a trading recommendation but rather our current perspective, which may evolve as the market approaches our anticipated levels. Always prioritize prudent risk management and align your trading strategy with your individual preferences and risk tolerance.
Long
by Coder775
📈GBPUSD analysis, Weekly insight into price behavior📉FX:GBPUSD OANDA:GBPUSD Hello Traders, please check out my previous ideas. If the Pound stabilizes above the weekly Bollinger midline, the bearish scenario won't be fellfield. In the bearish scenario, the price can fall to the yellow zone. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Short
by CrazyS
2
GBPUSD forming H&S in Daily Timeframe.GBPUSD is now heading towards an important level after breaking the recent small head and shoulders support/neckline around 1.25900, we expect the price to fall at the market open to this level at $1.23250, basically the market has already had broken the ascending channel at $1.27900 due to the head and shoulders formation. The "Head" - @1.31280 and shoulders price level can be seen at @$1.28050. This pattern is clearly seen on the lower time frames - 4H and H1 and the market appears to be making another head and shoulders formation and this tells us that more bearish market is on the way. 🔥: GBPUSD SETUP: NEUTRAL 🔥BUY ZONE: $1.23180 🔴SL: - $1.2285 🟢TP - $1.2601 Next 🔥SELL Zone: $1.2678 🔴SL: - Open 🟢TP - $1.2340 🟢TP - $1.1992
Long
by FKW-Millions
Will GBPUSD bounce back from here?GBPUSD is one of the trading pair. By looking on the current structure on chart we can say it's below the major trend. And also reaching to the high demand zone. There is a good possibility it will be bouncing back from here because of Reason : 1. RSI is in oversold zone. But don't have good strength so buyers will start making positions here. 2. Zone has provided the good support zone for demand. 3. Reduction of volume of sellers. Verdict : Bulliness in near future. Plan of action : Wait for breakout of dotted trendline.
Long
by finnova_
GBPUSD Technical Analysis and Trade IdeaThe GBPUSD has been experiencing sustained downward pressure, and I believe this trend is likely to persist in the foreseeable future. Nevertheless, there appears to be ample potential for a substantial retracement. Currently, we can see evident on the chart, a slight pullback, and I'm actively seeking an opportunity to capitalize on this retracement. In the video, we delved into the topics of the trend, price action, market structure, and various critical elements of technical analysis. As always, the video provides a clear and comprehensive explanation. Please note that it is intended solely for educational purposes and should not be interpreted as financial advice.
Short
by tradingwithanthony
GBPUSD Long idea for the coming weeksLooking on the charts, im going to aim for a long position on GBPUSD. On the 4hour chart, previous wicks rejecting more downside as it looks. Also we are in a nice orderblock area and resistance area Going for a buy limit around 1.25785 Stoploss: 1.25451 (just below the last longest 4h previous wick) TP1: 1.27089 TP2: 1.28650 TP3: 1.29090 If it would fall below that 4h long wick(which is touching the bottom of the purple zone) then im not interested anymore in a long position.
Long
by ProdemoNL
GBPUSD, Further ShortOn the Weekly time frame, the last two daily candles closed below the EMA-200 dynamic support in a descending price channel within a monthly falling wedge. There was a breakout of the falling wedge which under normal circumstances would have been a bullish start at the base of it, but this decline was as a result of the rising DXY index over the week past. The retest into the wedge by the last daily candle was resisted by the EMA-200 support. This signifies huge declines in the coming days. The upside swing of the DXY index is also evident backing further declines of the GBPUSD. Resistance: 1.25331 Support: 1.23083, 1.22743, 1.21523
Short
by AbeikuGlobal_FX
1
GBPUSD: 500 PIPS SETUP❤️Dear Traders, USD has been strong lately and market has been messy due to recent economic data, however, after todays strong GBP news we think in coming weeks GBP will be extremely bullish whereas we expect DXY to remain bearish for longer term. Let’s wait and see how it works out. Our main aim here is to wait for price to come to our area which has higher possibility that it may drop hard later this week. If not price may break -through trend-line.
Long
by Setupsfx_
39
GBPUSD Analysis:Riding the Bearish WaveHello traders, Here is my EW Analysis of the GBPUSD Currency pair. Market Sentiment and Wave Count: My bearish sentiment on GBPUSD remains intact as the price continues its downward movement, It is important to note that the price recently encountered strong resistance at the 1.2746 level, a development that underscores the strength of sellers in the market. At present, the market is evidently in the process of forming what appears to be an impulsive wave 5. This wave pattern, characterized by its directional nature, signals a high probability of further downward movement. Price Target: My expectation is for the price to maintain its downward course, with a potential decline anticipated to reach 1.25016. This price level serves as my designated target for the completion of the major impulsive wave 'V'. Entry idea: I suggest considering the initiation of a short position when price breaks the 1.2649 level. This entry point is in line with EW analysis; as a breach of that level is an indication of the continuation of the bearish trend while the invalidation level is 1.28008. Cheers and Happy trading.
Short
by Samuel124
1