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Gbpusdanalysis

DeGRAM | GBPUSD confluence level to shorting opportunityGBPUSD is currently trading in a descending channel, creating a bearish harmonic pattern. The market is testing the upper border of the channel and the major resistance level.  Price created the confluence level to short the market. We expect a bearish move since harmonic patterns work greatly in consolidating markets. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1
GBPUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
11
GMPUSD H1 / Bullish Continuation / Targeting the PWH ✅ Hello Traders! This is my forecast related to GBPUSD H1. I see a bullish market at the moment, that's why I expect that PWH will be taken. Until now, we can see only HH and HL, meaning that we are in a bullish market. It's a good opportunity to look for long entries, as the bias according to this scenario is bullish. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
by GoodTradeST
GBPUSD I Continue to short below 2683 resistanceWelcome 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!
Short
by BKTradingAcademy
10
SELL STOP at 1.2600 GBP/USDThere's an M-Top pattern at resistance on GBP/USD. This is a complicated trade as the price is above all the major EMA's (25,50,100,200) and therefore could easily use these levels to move higher. MACD, Rlative Strength and EMA's are all in red numbers suggesting BEARISH pressure but the price nedds to break through the 200 EMA before a position can be considered. There's no scheduled GBP news of any significance due until Wednesday 19:00 when the FOMC Meeting Minutes are released so there's nothing to stand in the way of the BULLS or BEARS and the charts suggest there could be quite a battle in and around 1.2610 which is the WPP mid pivot. If this SHORT trade does trigger then the market wil have to be closely observed as there are headwinds for BEARS and support could come in anywhere between the current price (1.2610) and 1.2595. Target if the trade triggers will be 1:1 so we have a target of 1.2570 which would be around 30 pips but as ever, the market will determine any take profit and stop levels
Short
by forextraplaces
GBP/USD looks bullish on the daily chartIn the daily chart, GBP/USD looks bullish. We will give you reasons as to why we think buying the dips is the best idea for Cable Traders. Firstly, the key level around 1.25 was successfully defended by the buyers. The price has also climbed back above the 100-day exponential moving average level, which is a bullish sign. The immediate resistance is at the 1.2630 level which if broken will soon take the price toward 1.27. We recommend buying the dips in GBP/USD if price falls to the 1.2550 level soon.
Long
by KaltoireCapital
GBPUSD Imminent Shorts down towards 1.24000This week, GU presents an intriguing setup as it appears to have made a decisive move. With the pair breaking structure to the downside and the dollar strengthening, it has reinforced a bearish trend in my view, prompting me to consider shorting opportunities. My focus is currently on the 4-hour supply zone, anticipating a Wyckoff distribution to unfold. At present, I don't see any clear buying opportunities, while selling positions align with the prevailing trend. Therefore, I'll await the Monday open to observe how price action around the Asian high unfolds, with the intention of initiating sells. The aim is to target the 1-hour demand zone and capitalise on the trendline liquidity below. Confluences for GU Sells are as follows: - Price left a clean 4hr supply zone with a refined version in which we can expect a bearish reaction to take place. - Price has been moving bearish regarding the recent break of structure to the downside. - DXY is also been moving bullish so it backs the GU downtrend. - Lots of liquidity to the downside like trendline liquidity and Asian lows. - The overall trend of this market like the monthly still shows its a bearish trend. P.S. As it's a bank holiday for the dollar on Monday, I'll proceed cautiously and anticipate limited market activity. However, if my trading edge aligns with all my confirming factors, I'll execute my trades promptly and decisively. HAPPY TRADING!
Short
by Hassan_fx
6
gbpusd me The British pound sterling (GBP) to US dollar (USD) exchange rate is trading lower today. Sterling is being pressured by ongoing uncertainty around Brexit negotiations between the UK and EU. The trade deal deadline is fast approaching with little progress made so far. The US dollar is gaining some haven demand as rising coronavirus cases in Europe threaten the economic recovery. More lockdowns could be imposed which would slow growth. However, the dollar is facing headwinds from the lack of a US fiscal stimulus package. Democrats and Republicans remain far apart on agreeing another round of pandemic relief spending. On the data front, today's US jobless claims figures came in higher than expected, underscoring weaknesses in the labor market. However, the underlying trend remains downward. Looking ahead, traders will be closely watching any Brexit updates from talks between UK Prime Minister Boris Johnson and EU Commission President Ursula von der Leyen later today.
Short
by NASAKOM