GBPUSD Market Sell From a technical standpoint, I've noticed a recent break of structure and price formed a lower high with a retest of level 1.36000.
I entered on the M15 when price formed a bearish engulfing and a minor lower high.
Overall I would be aware of TP 1 & 2 for any rejections. The overall take profit would be place at the previous liquidity/demand zone (Expected to be filled in the long term.
Caution: Beware of the upcoming NFP data to be released tomorrow!
Gbpusdidea
GBPUSD Dual-Direction IdeaAs price plays around the 1.36000 level. There are 2 possibilities based on the strength of the USD
As of the current moment, the DXY broke above the highlighted level of 94.000 and is currently trending higher showing strength in the USD amid the ADP Non-Farm Employment Change later today.
Buy on the retest of:
Trendline
Level 1.36000
Minor Order Block
Weak USD Report
~ With bullish candlestick and patterns
Sell on the break and retest of :
Trendline
Level 1.36000
Minor Order Block
Strong USD Report
~ With bearish candlestick and patterns
GbpUsd is in strong sell zoneSince June 1.42 high, GbpUsd is in a clear downtrend.
The pair broke under support last week, and after a local low at 1.34 is correcting
At this moment GbpUsd is facing strong resistance and a fall could follow
The bearish scenario is negated only if the pair manages to break above 1.3750
GBPUSD Idea for the weekPrice has recently tested the long term bearish trendline and has also tested the 61.8% Fib level.
I will be looking to go short on a combination of 3 or more of these confluences:
Break and retest of level 1.36000
Break and retest of Bullish Push Line
Bearish Structure
Bearish Candlestick Pattern
Moving Average Crossover
Strength on the DXY
If price fails to go lower and breaks + retested long-term trendline, it could be retracing towards this previous high
Previous Analysis on GBPUSD
GBPUSD October OutlookOn the large scale, The overall Trend is still Bearish.
However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY;
Thus, I will expecting a retracement towards the area around level 1.36000:
Confluences at level 1.36000:
Previous Flip Zone (Red)
Fib Golden Zone (50%-61.8%) (Gold)
Test of long-term bearish trendline
Level 1.36000
Entry Criteria (Best with 3 or more confirmation):
Break and retest of counter-trendline (Red)
Retest of golden zone (Gold)
Retest of Flip Zone (Red)
Retest of Level 1.36000
Bearish Structure
Bearish candlesticks
Moving Average Crossover
DXY shows strength on a retest of support
Buy GBPUSDHello traders, for today’s daily analysis let’s look at GBPUSD. Price retested this major zone and created a double bottom. After that it ran up and made a higher high and higher low. This on top of other confluences confirm the move up. If you like this analysis make sure to follow me for more.
GBPUSDIn my opinion, I still see Buy trade in Higher TF and I consider as an opportunity to entering the market with the combination of SnD and Elliot wave
In SnD(Supply and Demand) there is an Orderblock at 1.35000
And I consider trendline which ended near OB in D1 TF which give me more confidence to excute the Order
And the last reason there is a Zigzag as Wave 4 always there is appearance of any corrective patterns(Triangles, Zigzag, Combinations...) just as I see there have Zig zag patterns
Note; Be reasonable when you place your Orders and always use proper risk management
GBP/USD Short Setup After Daily Closure To Get 300 Pips !
No Entry Right Now , We Should Waiting Until Daily Closure To Confirm , If We Have Not Daily Closure Below 1.36000 So This Idea Is Not Valid
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPUSD: The Best Entry To Buy With 99% of Success !!Hello Traders,
As we can see, We are Now at the End of the Wave D, The Price reach the Resistance Zone . The Market Maker Candle appeared with Divergence at the MACD as shown, so now we're targeting the final wave (E) that give us a potentiel 99% of Buy positionfor Now !
- Buy Position :
- Price: 1.36684
- TP 1 : 1.38197
- TP 2 : 1.38845
- SL: 1.36034
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GBPUSD Potential Third Drive into 1.38000 Confluences
a. The structure of this pair is Creating a lower low and rejecting same support
- it also rejected the same support recently in the third time.
b. Created a momentum on 4H and lower timeframe.
c. Daily Engulfing Candlestick
d. 4H Potential FIB 61.8%