Get started

Gbpusdsell

GBPUSD Shorts from 1.28000 down towards demand This pair continues to grab my attention, particularly as it approaches my 10-hour supply zone. I anticipate a redistribution and subsequent sell-off targeting the equal lows. It's important to note that this is a counter-trend trade aimed at capturing a temporary downward movement to a more favourable demand. Given the substantial liquidity at the newly identified 4-hourly demand zone, my strategy involves patiently waiting for the equal lows to be swept, filling the imbalance, and eventually triggering a reaction off the prominent 11-hour demand zone. However, I will assess price behaviour within the 4-hour zone, considering it as the closest opportunity for potential buys. Confluences for GBPUSD Sells are as follows: - Price has swept liquidity to the upside and now price is slowing down - Bullish pressure is now getting exhausted as you can see from the candlesticks. - Price has filled in an imbalance just below our 10-hour supply zone. - There is lots of liquidity to the downside that needs to get taken like equal lows. - Price is due for a pullback to enter a level of demand if price wants to keep pushing higher. - Overall on the higher time frame the market is bearish and I do see the dollar rising just a little more. P.S. As price steadily advances, this serves as additional confirmation that it is likely to react off the nearby supply zone. Consequently, I anticipate a Wyckoff distribution to unfold. Have a great week ahead traders!
Short
by Hassan_fx
GBPUSD M15 / LOOKING FOR LONG POSITION ENTRY 📈Hello Traders! This is my idea related to GBPUSD M15. We can see an ascendant trend on H1 and at this moment I will look only for long entries. It is very possible to see a retracement from the price of 1.27200 where we have OB and at the same level, FVG will be closed. If confirmed, I will execute this trade, taking into consideration the weakness of DXY. 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
Long
by GoodTradeST
#GBPUSD: Expecting strong drop on GU Dear Traders, GBPUSD can drop significant after BoE released the inflation data this morning GBP weakness is inevitable in coming days. While DXY is still recovering from last week FED news on interest rate though DXY has not yet shown a strong bullish sign this week and yet. It would be wise to see some bullish price momentum on DXY to confirm the long term bias on GBPUSD. However, a accurate entry on GU at current price with a great risk management is worth it. We advise to take extra precautions as we are at end of the December. Good Luck! Happy Trading
Short
by Setupsfx_
10
GBP/USD !! 13/12 Below the EMA supports the DOWN trend⭐️ Smart investment, Strong finance ⭐️ GBP/USD INFORMATION: The GBP/USD is currently displaying a sideways movement while preparing for a barrage of data releases from both the United Kingdom and the United States. In the Asian session on Wednesday, it is hovering above 1.2550. The GBP/USD pair experienced significant volatility in the previous session due to employment data from the UK and inflation figures from the US. According to the UK Office for National Statistics, the Claimant Count Change for November rose to 16.0K from the previous figure of 8.9K, but it fell short of the expected 20.3K. Additionally, the Employment Change for October decreased to 50K from the previous 54K. ⭐️ Personal comments NOVA: The price moves below the EMA for a long time, showing that it is still in a downtrend. Along with today, there will be news that PPI is expected to benefit the dollar, negatively affecting the British Pound ⭐️ SET UP GBP/USD PRICE: 🔥SELL zone: 1.25500 - 1.25700 SL 1.26100 TP1: 1.25200 TP2: 1.24900 TP3: 1.24600 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
4
GBPUSD Looking BearishUpon examining the H4 chart, a significant development unfolds: the price is presently exceeding the crucial threshold of 1.2547, marking a breakthrough of the formerly recognized pullback resistance. This breakout implies a substantial alteration in market dynamics, indicating that the driving force behind the price movement is robust enough to surmount the resistance that previously induced a temporary pullback. Traders and analysts might view this progression as a potential bullish signal, as the market demonstrates strength in overcoming recent obstacles. Additional analysis, along with the consideration of other indicators, may be necessary to obtain a thorough comprehension of the current market trend.
Short
by HUMCRYPTOCLUB
GBPUSD → Will We Reject Here!? A Potential Drop to 1.21!GBPUSD has made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action. How do we trade this? 🤔 It is not reasonable to short just yet because we do not have a sell signal! We're currently at the resistance level but without a confirmation of rejection, there is no justification to short without imposing too much risk. Enter after another sell signal, then 1:2 risk ratio down to the bottom of the trading range around 1.22000. If the price breaks resistance, wait for it to confirm support on the resistance zone then look for a long entry off of a bull signal and confirmation bar. 💡 Trade Idea 💡 Short Entry: 1.26670 🟥 Stop Loss: 1.29000 ✅ Take Profit: 1.22000 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Trading Range after Bull Run, Bias to Long. 2. Price Currently at Resistance Zone, Look for a Reversal Signal. 3. If Shorting, Watch the 200EMA for Support. 4. If Break Resistance, wait for New Support Confirmation. 5. RSI near 70.00, Bias to Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
GBPUSD: The pound-to-dollar exchange rate fell 0.08% at 1.2594Late last week, the dollar depreciated versus a basket of currencies on reports of strong U.S. business performance in November; however, private sector employment decreased due to forecasts of an impending economic slowdown. the final quarter. Prior to this, the US Composite PMI Output Index was recorded on Friday by Michael Brown, a market analyst at Trader S&P Global. In particular, the number remained unchanged at 50.7 this month as a result of a minor increase in activity in the service sector offsetting a decrease in output. An increase in the private sector is indicated by a rating above 50. Businesses are laying off employees as a result of the weak order growth; the employment index in the poll dropped from 51.3 in October to 49.7 in June 2020, the first loss since then.
Short
by Chart_MasterPro
GBPUSD Imminent sells towards 1.225500GBPUSD Is still bullish due to the continuous break of structures to the upside however, It has tapped into a nice supply which I expect to cause a correction back down to a demand level at 1.225500. This is an opportunity I will be looking to take soon as market opens therefore, I will be waiting for a CHOCH to validate my Wyckoff distrubution and I will be waiting for a sweep of the asian high before I consider imminent sell positions. As price is currently In a clean 15hr supply that has caused a BOS to the downside, I would be expecting price to have some sort of reaction, hence why I am anticipating a pull back so we can end up continuing our bullish bias upwards. My confluences for GBPUSD shorts are as follows: - Price tapped into 15hr supply zone that broke structure to the downside. - Overall trend of the market on the higher time Frame like (monthly) is still bearish. - Price distributing currently pending a CHOCH to validate our sell position bias. - Price requires a pullback of some sort due to the recent impulsive moves to the upside. - For price to continue in its bullish trend it will need to form a correction and tap in demand. - Price has swept lots of liquidity to the upside, enough to move the markets back down. P.S. Even though price has entered a supply, this is just a short term trade idea in order to sell down towards a demand. This is where we will be looking to buy the market back up again in order to catch a pro trend trade. Hope you guys found this post insightful, HAPPY TRADING!
Short
by Hassan_fx
1
GBPUSD Shorts from 1.25500 down towards 1.24000This bias for GBPUSD this week is not as clean in terms of price entering an ideal zone however, it's still a possibility that could happen so let's look at how we could sell GU. As we know this market has been in a small uptrend recently but, I am still overall bearish (looking at the HTFs) Therefore, I would be waiting for price to enter a near by supply so we can at least sell down towards a demand zone to continue the temporary bullish trend. Currently, it is approaching a 9hr supply that has caused a small BOS to the downside and price will require some sort of pull back to continue going upwards, hence why this is a counter trend idea. We are also reaching a psychological level of 1.25500 which is another good sign to anticipate a reaction, as this would tell us if price would want to retrace or keep pushing higher. Confluences for GBPUSD shorts are as follows: - Price approaching 9hr supply zone that has caused a BOS to the downside. - The zone also lies between a psychological key figure of 1.25500. - Pending correction is likely to happen due to the impulse move that has been taken place. - Lots of liquidity left below in the form of asian lows and there is huge imbalances as well. - Overall market trend for GU is bearish according to the monthly/weekly time frame. - Price has swept lots of liquidity already to the upside and momentum is dying down slowly. P.S. As price still looks pretty bullish I won't be surprised if this zone doesn't hold however, there is also better supply zones above like the 15hr which looks more probable. For now we will wait for our Wyckoff distribution to play out & see if price gives us an entry model for sells.
Short
by Hassan_fx
1