GBPUSD I Daily trend line broken and price below 50 MAWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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Gbpusdanalysis
GBP/USD Outlook ICT ConceptsGBP/USD Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on GBP/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
In the previous analysis, we expected the price to reach the Sell-Side Liquidity (SSL) and then start moving higher. However, the price continued to move lower into the Daily Fair Value Gap (FVG).
📍 Current Market Overview:
The current price is around 1.27077. GBP/USD has swept the Previous Week Low (PWL), a key liquidity level, and is now inside the Daily FVG (the line marked out is the first candle of the bullish FVG).
🔍 Identifying Key Levels:
• PMH: Previous Month High
• PWH: Previous Week High
• PWL: Previous Week Low
• PML: Previous Month Low
• BSL: Buy-Side Liquidity
• SSL: Sell-Side Liquidity
• 4H FVG: 4-Hour Fair Value Gap
• Daily FVG: Daily Fair Value Gap
• SMT at the Lows with EUR/USD: Smart Money Tool divergence with EUR/USD
📊 Key Considerations:
• Swept PWL: GBP/USD has swept the Previous Week Low, indicating a potential reversal.
• Inside Daily FVG: The price is currently inside the Daily FVG, providing a potential support zone.
• SMT at the Lows with EUR/USD: The presence of Smart Money Tool divergence with EUR/USD adds to the bullish confluence.
• Bearish FVG Reaction: Watching the reaction to the bearish FVG above the current price will be crucial to determining the next steps.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Reaction to Daily FVG: The Daily FVG acts as support, and the price starts moving higher from here.
• SMT Confluence: The SMT at the lows with EUR/USD further supports the bullish scenario.
• Watch for Bearish FVG: If the price reacts positively to the bullish Daily FVG, we need to watch how it interacts with the bearish FVG above.
📉 Bearish Scenario:
A bearish scenario should be considered if the following conditions are met:
• Reaction to Bearish FVG: The price taps into the bearish FVG above and fails to break through.
• Low Resistance BSL Taken: On lower time frames, low resistance buy-side liquidity is taken.
• Continuation Lower: After taking out the low resistance BSL, the price could continue lower, targeting the Daily FVG and PML levels below.
📊 Chart Analysis Summary:
• Bullish Expectation: For a bullish scenario, we need to see the price holding within the Daily FVG and reacting positively. The SMT divergence with EUR/USD adds to the bullish confluence. Watch for the reaction to the bearish FVG above.
• Bearish Expectation: For a bearish scenario, look for a tap into the bearish FVG, taking some low resistance buy-side liquidity on lower time frames, and then consider short positions if the price fails to break through the bearish FVG.
Conclusion:
The GBP/USD chart shows potential for a reversal after sweeping the Previous Week Low and entering the Daily FVG. The SMT divergence with EUR/USD supports a bullish scenario. However, we need to watch how the price reacts to the bearish FVG above. For a bullish scenario, hold within the Daily FVG and look for positive reactions. For a bearish scenario, watch for reactions to the bearish FVG and potential low resistance buy-side liquidity taken on lower time frames.
🙏 Thank you for joining us!
Exploring GBP/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
GBPUSD - Upside move !!Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I expect bullish price action from here as price rejected from trendline + LZ, as well we have hidden divergence.
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Potential Short Setup for GBPUSDHere are the indicators for a short trade on GBP/USD:
Double Top Formation: A double top pattern has emerged on the 1-hour timeframe, signaling potential bearish reversal.
Volume Spread Analysis (VSA): VSA suggests a high likelihood of price decline, provided the price remains below the double top resistance level.
Target Projection: The target is clearly marked on the chart, with an expected trade completion timeframe within this week.
DeGRAM | GBPUSD correction completionGBPUSD is moving in an ascending channel between the trend lines.
The price has already reached the lower boundary of the channel and the support level coinciding with the 78.6% retracement level.
We expect the pair to continue rising after retesting the channel boundary and breaking the dynamic resistance.
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GU Shorts from 1.28600 back downThis week, GU is expected to align with its bearish trend. Following the recent downside structure break, I anticipate a retracement back up before continuing lower. Once price reaches the 22-hour supply zone, I will look for distribution on the lower timeframe to confirm the continuation of the bearish trend.
If price continues to drop and hits the 9-hour demand zone, I will monitor for accumulation signals to potentially buy back up in the short term, targeting the nearest supply zone. Given the significant liquidity on both sides, I will proceed with caution.
Confluences for GU Sells:
Structure Break: Price has broken structure to the downside, establishing new supply zones.
DXY Correlation: The bullish outlook on the DXY supports the bearish GU bias.
Liquidity: There is substantial liquidity to the downside that remains untouched.
Trend Consistency: Both higher and lower timeframes show a bearish trend.
P.S. I am focusing on sell opportunities this week, as the current trend remains bearish. With minimal news impacting the market, trading conditions appear favorable.
GBPUSD ( INSIDE DESCENDING CHANNEL ) (4H)GBPUSD
HELLO TRADERS
Tendency, the price is under down ward pressure , until trade below turning level at 1.281 .
Upward Zone : In order to see an increase, the price needs to break the turning level at 1.281 , to reach resistance levels (1) around 1.285 , then breaking resistance level (1) it indicates to reach of a resistance level (2) at 1.293 , then stabilizing above resistance level (2) indicates to reach of a resistance level (3) at 1.303 a strong resistance level inside strong supply zone .
Downward Zone: Provided until the prices trade below the turning level, it indicates a reach of the support level (1) at 1.270, then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 1.262 , this two level called support zone it is very strong zone because inside accumulation area .
Corrective level :Price may make a correction at 1.281 , before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 1.285 , 1.293 , 1.303 .
SUPPORT LEVEL : 1.270 , 1.262 .
DeGRAM | GBPUSD pullback from the channel boundaryGBPUSD is moving near the upper boundary of the ascending channel, between the trend lines.
The price is under the resistance level.
The chart returned to the channel after an unsuccessful breakout of the channel and resistance level.
We expect a decline after a retest of the upper boundary of the channel.
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GBPUSD: +1000 PIPS Swing Sell Entry! OANDA:GBPUSD
First expect price to rise towards the previous high, once price reach to that level we can expect it reverse as DXY will likely to bounce back from it's current bearish trend. The full trade can be divided into three phrases first 300 pips and as it follows by setting two another take profit. In total we will aim 1000 pips in long term view.
good luck.
GBPUSD Weekly Analysis and OutlookGBPUSD Weekly Analysis and Outlook
This week, the GBPUSD pair has shown a marked downward trajectory, closing in a bearish continuation phase. This downward momentum reflects a negative sentiment among traders, suggesting further potential for decline.
Current Market Overview:
The pair has been steadily descending, supported by unfavorable market conditions and bearish sentiment. As it approaches a key resistance zone, traders should closely monitor the price action. A successful rejection at this resistance would likely confirm the continuation of the bearish trend.
Expectations and Potential Scenarios:
Upon hitting the resistance zone, we anticipate that the GBPUSD will continue its downward momentum. This rejection could open the door to lower levels, offering traders potential opportunities to capitalize on the bearish trend.
Primary Expectation: If the resistance holds and the price is rejected, it is likely to sustain its downward movement, potentially targeting lower support levels. This scenario would reinforce the bearish outlook, making it a favorable environment for short positions.
Alternative Scenario: However, if the price encounters strong buying pressure and breaks above the resistance, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at higher levels before the bearish trend resumes.
Conclusion:
In summary, the GBPUSD pair is poised for further downward movement following its recent bearish phase. Traders should watch for a decisive rejection at the resistance zone, which could serve as a catalyst for continued declines. Maintaining awareness of both bearish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
Invest Wisely!
GBPUSD I Potentially headed towards support 1.2620Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPUSD - Long active !!Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I expect bullish price action as we have on D1 hidden divergence and on H1 regular divergence.
Fundamental news: Today (GMT+3) we have NFP day in USA, also Unemployment Rate results, news with high impact on currency.
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GBPUSD ( BREAKING EACH TURNING LEVEL DETERMINE DIRECTION ) (4H)GBPUSD
HELLO TRADERS
Tendency , the price inside two turning level around 1.273 & 1.278 .
TURNING LEVEL (1) : the price of this level at 1.278 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 1.273 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 1.283 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 1.292 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 1.266 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 1.261 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 1.274 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 1.283 , 1.292 .
SUPPORT LEVEL : 1.266 , 1.261 .
Gbpusd long opportunityGbp as shown as strong rejection from the h4 ob , price as took a lot of protein and i'm now into a zone of buying interest , i will eventually look for buy tomorrow , but if you love to take some risk it's a very interesting long entry into a order block with a good potential, first target could be 1.28400 to completely fill the gap.
GBPUSD ( CORE PCE PRICE INDEX) ( 4H )GBPUSD
HELLO TRADERS
Tendency , the price inside two turning level around 1.287 & 1.285 .
TURNING LEVEL (1) : the price of this level at 1.287 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 1.285, so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 1.293 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 1.303 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 1.279 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 1.269 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 1.286 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 1.293 , 1.303 .
SUPPORT LEVEL :1.279 , 1.269 .
GBPUSD Sell | Trade Setup AnalysisGBPUSD is moving in an ascending channel between the trend lines.
The price has reached the resistance level, which has already acted as a reversal point.
We expect a decline.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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GBPUSD Up GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.