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Gbpusdsetup

GBPUSD to Possibly Fall of A Cliff (SELL OPPORTUNITY)Hey guys, what's up Brandon here - So I just entered a sell on this pair (GBPUSD) and I briefly Breakdown as to why I took it If we look at the details - everything aligns with sells nicely as the momentum is bearish on almost all timeframes with only 1 or 2 suggesting buys Now on the few timeframes that may be suggesting buys we have to take into consideration that that could be an induction to buy because GU is a bearish market - and my question is why oh why?....Would you want to buy in a bear market I don't think this ever makes sense because in essence what you are really doing is - believe it or not...CALLING A BOTTOM And why would you call a bottom when the market is dropping? I'll take my chances with the sell - I'm prepared to lose as that is one of the things that just comes with the territory so it is what it is Let me know what you guys think
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 I Technical analysis for week of October 29Welcome 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
GBPUSD | Perspective for the new week | Follow-upDespite a setback in UK Retail Sales last Friday, where September's retailers' receipts fell by -0.9% against the expected -0.1%, the Pound Sterling is finding its footing amidst a weakening US Dollar (USD). As it finds demand around the $1.21000 area; the GBPUSD pair is capitalizing on the current market conditions, aiming to secure gains in the face of global uncertainties. Looking ahead, market enthusiasts are eyeing Tuesday's UK Labor and Purchasing Manager Index (PMI) figures. Forecasts suggest a decline of 198K job additions in August, a slight improvement from July's -207K. Additionally, there is optimism for an uptick in the UK preliminary PMI, with the PMI Composite expected to print at 48.8, compared to the previous 48.5. Federal Reserve (Fed) Chairman Jerome Powell's recent comments regarding significant tightening in financial conditions, particularly with higher bond yields, might influence policy decisions, potentially weakening the US Dollar. However, it's essential to acknowledge the ongoing Israel-Hamas conflict, which could prompt investors to seek refuge in safe-haven assets, possibly bolstering the USD against its counterparts. As we step into the new week, we approach the market with flexibility, keeping our strategies adaptable to changing scenarios. GBPUSD Technical Analysis: Will the pound find solid support at the $1.2000/$1.18000 zone, or are we heading towards a potential breakdown and a possible sell-off? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the US dockets for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. Keep a close eye on that critical confluence at $1.21800. It's a decisive moment where both sellers and buyers are vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results
by darcsherry
2
GBPUSD LONG TERM BUY Trading IDEAHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
1
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
GBPUSD LONG TERM BUY IDEAHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
GBPUSD Technical Forecast and Trading StrategyWelcome 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
5
GBPUSD LONG TERM BUY IDEAHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
1