GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gbpusdidea
BEAR MAY TAKE CONTROL FOR WHILE ON GBPUSD (11 DEC 2022)Educational Analysis says GBPUSD may go SHORT. According to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why SHORT?
On the 1HR timeframe, the pair is about to reach on supply zone.
After that, it may go down to 1.19212.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS
HOW TO TAKE ENTRY ON THIS?
I would suggest that if the price reaches the supply zone, I would put a sell limit order with a 46.7 risk-reward ratio.
As the price would move down I would post a comment on new trade entries with a good risk-reward ratio.
SELL LIMIT ENTRY:- 1.23366
STOP LOSS:- 1.23455
TAKE PROFIT:- 1.19212
RISK-REWARD RATIO IS 46.7.
GBPUSD looking bearishThe ascending three drives have given us a volatile bullish move that drove the price into a 4h supply region. Now we’re currently in a supply region and looking for price to at least make a slight breakout or a spike out to trigger the liquidity zone and give us a confirmation that sellers are taking control. Faced with a strong bearish market…
DeGRAM | GBPUSD at psychological levelGBPUSD is currently in a bullish trend after moving out of the descending channel .
The price rebounded from the strong support at 1.22000.
GBPUSD and EURUSD have similar price action.
I expect a bearish move and if the support holds the price, then we can look for buying opportunity.
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GbpUsd could dive under 1.2As usual, GbpUsd is doing a lot of flick-flacks and spikes before changing direction.
However, ignoring these short-term noises, the image is pretty clear with the pair facing a strong resistance level and nothing to support further rise from a fundamental point of view.
That being said, in my opinion, GbpUsd will reverse soon and fall to at least 1.2 zone, so rallies should be sold.
1.23 zone should cap gains very well and yesterday's high could offer a good place for stop loss
GBP/USD bullish conditions remainTODAY’S MARKET IDEA: GBP/USD
GBP/USD bullish conditions remain, however, faces strong resistance at the August highs near 1.2280 (daily chart)
GBP/USD current price faces key resistance near the top end up the multi-week upward price channel (1.2280). A break above this resistance could place the 1.25s in sight, while downside support can be seen near 1.19.
Not investment advice. Past performance is not indicative of future results.
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GbpUsd reached my target, but also a strong resistance zoneIn my analysis from 3 days ago, I said that my target for this rise in GbpUsd's case remains at 1.22.
Once more, GBP doesn't deny its nature and spiked above this important zone...
From a technical point of view, 1.2250-1.2300 should provide strong resistance and NFP data today could be the trigger for a drop.
Negation for this bearish scenario comes with a daily close above 1.24 and 1.1750 could be a swing trader's target with an eye on the 1.2 zone also
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | GBPUSD running out of steamGBPUSD failed to make a higher high and a higher close above the major resistance zone 1.1900.
The market broke out of the ascending channel and created a triangle pattern at resistance.
The pattern indicates that the bulls are running out of steam.
We might see a pullback and a return to the channel.
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GBP/USD Waite For BUY Confirmation....
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.
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GBPUSD SELLLast week GBP has done excellent job and it maintain its strength against the USD. I would like to say if it moved against the DXY next week then trade it. Also watch the range of movement, If GBPUSD start to fall and DXY start to rise it does not mean to trade GBPUSD. First watch the speed of falling of GBPUSD if the speed of falling is fast against the USD then sell it.
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.