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Gbpusdsetup

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
GBPUSD LONG TERM BUY IDEAAug 28 Hello 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
Will GBPUSD bounce back from here?GBPUSD is one of the trading pair. By looking on the current structure on chart we can say it's below the major trend. And also reaching to the high demand zone. There is a good possibility it will be bouncing back from here because of Reason : 1. RSI is in oversold zone. But don't have good strength so buyers will start making positions here. 2. Zone has provided the good support zone for demand. 3. Reduction of volume of sellers. Verdict : Bulliness in near future. Plan of action : Wait for breakout of dotted trendline.
Long
by finnova_
GBPUSD Technical Analysis and Trade IdeaThe GBPUSD has been experiencing sustained downward pressure, and I believe this trend is likely to persist in the foreseeable future. Nevertheless, there appears to be ample potential for a substantial retracement. Currently, we can see evident on the chart, a slight pullback, and I'm actively seeking an opportunity to capitalize on this retracement. In the video, we delved into the topics of the trend, price action, market structure, and various critical elements of technical analysis. As always, the video provides a clear and comprehensive explanation. Please note that it is intended solely for educational purposes and should not be interpreted as financial advice.
Short
by fxtraderanthony
GBPUSDPrice have been in a bearish momentum for a while now. Although it is too early to say, price looks like it is forming a double bottom at this time and if that holds, we just might see a push up towards the 1.27500 area. But then again, it is too early to decide that as price could continue to push lower. Before I make a trading decision, either bullish or bearish, here is what I would love to see: I will go long IF AND ONLY IF Price breaks above the immediate resistance around the 1.25003 area and retests same zone. I will short the market IF AND ONLY IF Price breaks below the immediate support around the 1.24507 and retests same zone Until either one happens, we keep the fingers crossed and wait for the move. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
by Mbjoey
GBPUSD: 500 PIPS SETUP❤️Dear Traders, USD has been strong lately and market has been messy due to recent economic data, however, after todays strong GBP news we think in coming weeks GBP will be extremely bullish whereas we expect DXY to remain bearish for longer term. Let’s wait and see how it works out. Our main aim here is to wait for price to come to our area which has higher possibility that it may drop hard later this week. If not price may break -through trend-line.
Long
by Setupsfx_
39