Gbpusd_forecast
GBPUSD sell zone on spike!!GBPUSD 4h has formed a bearish price action preparing for a drop to test the neckline of the reversal pattern. As the price is approaching a daily support zone, it is a high probability price will break the previous day's high, grab liquidity, and will continue to drop in the direction of the major trend. Upon price action confirmation, a sell trade is highly probable during the spike.
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GBPUSD - Short from bearish orderblock ✅Hello traders!
⁉️This is my analysis on GBPUSD .
Here we are in a bearish market structure, so I am looking only for shorts. I expect price to retrace a little bit and look for a short if price rejects from bearish orderblock + institutional big figure 1.12000.
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GBP/USD Short Tram Sell , Long Buy.....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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GBP/USD Short Term SELL ....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE.
GBPUSD, Already Facing RECESSION..?Hi traders, Lets take a look at Sterling.
Fundamental View:
Sterling seems like breaking LL due to the
uprise in DXY after breaking 20 years resistance.
But here Sterling acted as an catalyst and moved
way more than expected. It's because of:
1) DXY strengthened by breaking 109 levels.
2) British finance minister Kwasi Kwarteng earlier
in the day laid out a plan of historic tax cuts paid
for by huge increases in borrowing, which sent British
government bonds into freefall and the pound sharply lower.
3) British bond yields were set for their biggest daily rises in decades.
4) Fear of Recession.
Technical View:
GBPUSD looking for 1985 final support as there
isn't any footing nearby. We can expect a pullback
for a another fall.
GBPUSD can be seen respecting Falling Wedge pattern
on Monthly TF. Still Lower TL pointing towards
1.05 zone which is still 300 pips away. This last
week of September might be fruitful so
Wait for the proper entry or check news calendar.
"Miracles are meant to happen."
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GBPUSD possible sell zone on FOMC!!GBPUSD (4h) Has broken out of local support on the lower timeframe. As FOMC is coming, the price may pick up to the previous support turning resistance and we could see rejection as the long-term trend is bearish and the daily timeframe has printed a bearish engulfer.
On the retest of previous support as resistance and, upon rejection, a sell trade is high probable.
GBPUSD is in possible sell zone, UPDATEGBPUSD 4H has created bearish price action with a strong breakdown from daily head & shoulder. Price currently testing the neckline of daily head & shoulder and creating series of lower highs below this resistance level. It is highly likely that the price will continue to drop as the long-term trend is bearish.
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GbpUsd- Where to sell?Last week I draw attention to the strong 1.14 support for GbpUsd and the possibility of reversal.
Also, in these previous posts, I said that a small inverted H&S can be in place, and 1.16 is confluence resistance given by the neckline and the falling descending trend line.
As expected, the pair broke above this zone and accelerated its gains to a recent top of around 1.17 so far.
However, in my opinion, this is just a correction and GbpUsd should resume its downtrend soon.
1.1750-1.18 is strong resistance and in this zone, I will look for trading opportunities.
Note: If you choose to trade this pair keep in mind its extreme volatility and the bad habit of spiking through support and resistance levels
GBPUSD 12/09/2022GBPUSD just created a new high at 1.1695 after breaking out of the previous resistance at 1.1642 while moving in respect to a new formed uptrendline and it also has a key support zone at 1.1605.
Now if price continues to respect the support zone at 1.1605 and makes a breakout above the recent high at 1.1695 then it could continue to push up to the next resistance zone at 1.1753 while moving the newly formed uptrend.
GbpUsd can rise to 1.1750. Confirmation is needed thoughAfter finding support in pandemic low, GbpUsd has reversed and this reversal combined with the last 24h price action is drawing a potential inverted H&S on our charts.
1.16 is confluence resistance at this moment given by the falling trend line and the neckline of the pattern and a break above would expose important 1.1750 zone resistance.
I'm bullish as long as yesterday's low is intact.
Yesterday's GbpUsd analysis:
GBPUSD 08/09/2022Price after a retest on the low from 2020 at 1.1411 faced storng price rejection. now price has a resistance at 1.1537. so if price makes a breakout of the resistance while respecting the low at 1.1411 as support then price could continue pushing up to retest the next resistance at 1.1606.