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Gbpusdsell

GBPUSD short term Shorts to 1.22000GBPUSD has a similar bias to EU so im also currently looking for a sell setup to form to take price down towards an area of demand. This counter trend trade will allow us to catch a move before we end up buying alongside the bullish order flow at around the 1.22000 mark. Scenario (A) - Price is currently reacting off our 6hr supply zone that we have marked out, this is were im expecting for price to fully complete a wyckoff distribution schematic and change character. As there has been an impulsive move to the upside it has left imbalances that im expecting to get filled. This will be a retracement as price has already expanded to the upside. Scenario (B) - Is that price will continue to push higher and fail this zone to then mitigate the imbalance that is sitting just below the 9hr supply. From there, my next AOI will be at that level of supply to sell at a more premium price. My confluences for GBPUSD shorts are as follows: - Overall trend on the HTF (weekly/monthly) is bearish. - Price tapped in to a 6hr supply zone and there is a daily supply just above. - Momentum is slowing down expecting price to distribute and choch to the downside. - Imbalances were left below due to NFP news so im expecting it to get filled via a pullback. - For price to continue in its recent bullish trend im expecting price to come back to those demand levels below at 1.22000. P.S. Either way the purporse behind these short term sells is to ride price back down towards areas of demand like the 6hr or the 1hr and then buy from there. This bias is also backed by the dollar index as you can see in that analysis post.
Short
by Hassan_fx
GBPUSD LOSS - Discussing a LOSS & what I could have done BetterHey guys what's up Brandon here..so as promised I am going to give a breakdown as to why I think I lost the GU trade. This one is entirely my fault as I saw the consolidation where I know liquidity would have been trapped and I chose to ignore it. I also saw that GU was becoming very exhausted yesterday and I also chose to ignore that as well and now I am paying for that. I think it is important to note when you know you did shit and don't make excuses for yourself, this is how I've learnt to analyze the way that I do now. I never made an excuse for myself and I am not about to start now. That being said I welcome your critiques and comments, did you see what I saw? Would you have taken this trade? What would you have done? Let's try to learn and grow together, Even though I am consistently profitable doesn't mean I've stopped learning and growing. The more I learn, the more I realize how much I don't know - Albert Einstein
Short
by Brandon_evo4
GBPUSD Shorts towards 1.20400The Bias for this trade will follow the overall bearish market trend, hence why we will be looking for sells to continue in that same order flow. As of the current price we have two supply zones marked out (A) the refined 4hr supply zone and (B) is the 8hr supply zone at the top. I will be waiting for further confirmation like a re-distribution within the 4hr supply and a clean CHOCH to confirm sells however, there are imbalances above the zone so we can also expect that to get filled and then tap into our extreme 8hr supply at the top for a better sell setup to form. Either way, both targets are at 1.20400 which is at a liquidity point or just below where the daily imbalance is which still hasn't been filled. My confluences for GBPUSD shorts are as follows: - There is a 4hr supply zone & 8hr supply zone that has caused the CHOCH & BOS to the downside. - Price has also swept liquidity from the left hence why we have broken into a bearish trend. - There is a daily imbalance below that hasn't been mitigated as well as wicks in the form or liquidity that hasn't been taken. - The GU market has been in a bearish trend overall on the higher time frames so we trading with the trend. - Price is beginning to create lower lows and lower highs which has multiple small BOS's. P.S. Scenario (A) which is the sell from the 4hr supply zone can be expected to play out during this week but scenario (B) might occur next week. We will see how NFP Friday plays out to give us a better insight into the direction of the market.
Short
by Hassan_fx
2
GBPUSD Short traders looking profitable upto 1.24 {16/08/2023}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? Because GBPUSD Short traders have already broken the 4-hour Upward Bottom trendline and now Top Downward trendline is being respected. Although this pair has proved that, It's Changing its character and Also Sellers proved that the Market structure shifted and eventually lead to a Break of Structure. Analytical Trade would probably be Sell limit order at 1.27625 Stop loss at 1.27878 Take profit at 1.24462 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Short
by VishalBudhrani
5
GBP\UDS SELL SETUP @KENMI 1D Timeframe: Market structure has transitioned from a bullish trend to a bearish one. Inducement has been removed, mitigating the previous Decisional OB (Order Block). The price continues to decline. 1H Timeframe: The structure is breaking to the downside, indicating a bearish trend. We are waiting for the Inducement to be taken out, with the possibility of mitigating the recent High-Volume Order Block (HP OB). Upon receiving all necessary confirmations, we will enter the trade. Target: The low of the 1D timeframe. Best regards, Trader Kenmi Please be aware that trading carries significant risks and can become addictive. It's essential to exercise caution and never invest more than you can afford to lose. Remember, entering signals should be approached with careful consideration of the potential risks involved. Your financial well-being should always be a top priority when engaging in trading activities.
Short
by Kenmi
1
GBPUSD remains bearish British inflation has slowed slightly, but only slightly; the Bank of England is expected to keep interest rates unchanged at its November meeting; technical analysis shows favorable signs for sterling bears. It is very difficult for the Bank of England to combat inflation. Can the pound continue its rise in the fourth quarter? Sterling fundamentals background UK CPI data showed that both overall and core CPI continued to fall, although the results were higher than expected. The performance of the inflation data was generally in line with expectations, but showed that inflationary pressures in the British economy still have some resilience. Rising oil prices, driven by higher motor fuel prices, were the biggest factor driving the annual increase in inflation, while inflationary pressures on food and non-alcoholic beverages and furniture and household goods increased modestly. The decline in UK PPI is expected to cool inflation in the future as it is a leading indicator of CPI. The Bank of England will now be monitoring the performance of this data ahead of its November meeting. The pound strengthened against the dollar following the data, but currency market pricing suggests market expectations have not changed (as shown in the chart below). Markets still tend to predict that Bank of England interest rates will remain unchanged at its November meeting, while other central banks around the world may do the same as geopolitical conflicts in the Middle East escalate. Next, UK employment data to be released on October 24 will be closely watched for clues on the Bank of England's next move. Price action on the daily chart shows GBP/USD trading in a bearish flag formation, with the pair trading around the psychological 1.2200 mark. Bears will likely be hoping that the moving average cross will push the price below the support of the flag and allow the price to fall further towards the lower support zone. From a momentum perspective, the RSI indicator is also pointing to a bearish outlook as it remains below the neutral level, suggesting that prices may be heading lower. How to efficiently chase the rise and kill the fall? Use the RSI indicator to identify entry and exit points! Key resistance levels: • 50-day/200-day moving average • Flag resistance • 1.2308 Key support levels: • 1.2200 • Flag support • 1.2100 • 1.2000 • 1.1804 IG Client Sentiment Index: Bearish The IG Client Sentiment Index shows retail traders are currently net long GBP/USD, with around 69% of traders holding long positions at the time of writing
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by Krause_Philipp
GBPUSD END-WEEK ANALYSIS-UPDATE 24/09/2023GBP/USD: Navigating Forex's Ebb and Flow - A Close Eye on DXY GBP/USD has been a rollercoaster lately, with our earlier anticipation of a recovery proving accurate. Yet, in the ever-changing forex landscape, we must prepare for the next chapter. Now, I'm keeping a watchful eye on a potential downturn for GBP/USD, in response to a stronger US dollar. A crucial note: this scenario hinges on the DXY maintaining its price above 105.864. Join me in this forex adventure as we navigate market fluctuations. Stay tuned for the upcoming developments! 📉📈 #GBPUSDAnalysis #MarketDynamics #TradingView
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by Dion-FX
GBPUSD Technical Analysis and Trade IdeaDelving into the GBPUSD currency pair's analysis, we observe a significant development: it has reached a crucial support level after experiencing a substantial bearish trend. At this juncture, it becomes apparent that the price is stretched, potentially signaling an impending retracement. As always, the video accompanying this description offers a comprehensive exploration of key factors, including price action, market structure, and various critical aspects of technical analysis. It is imperative to stress that the information shared in this content is exclusively for educational purposes. It should not, under any circumstances, be construed as financial advice. Therefore, it remains paramount to exercise diligent risk management strategies when participating in trading activities.
Short
by fxtraderanthony
4