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Gbpusdsetup

GBPUSD - Buying from my POI with a RRR of 12.5:1Hello everyone! Hope you all having a profitable week and Ramadan Kareem all. This week we have been trying to sell GU twice and unfortunately been taken out in BE both times before hitting both tp on our last trade. Nevertheless these have been scalp trades into our long perspective, I have decided to simply buy when market comes to our place of interest. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Good luck everyone! Regards, Enzo
Long
by IamEnzo
GBPUSD Short Pattern!GBPUSD create Strong Bearish Divergence with a channel. According to the technical chart, seller will control the market. And there was an unmitigated order block, try to mitigate it! Short From 1.2433-1.246xx SL: 1.249xx 1st TP: 1.225xx 2nd TP: 1.216xx Risk Disclaimer Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organised and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Press like👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis. Best Regards! Mahfuz Azim
Short
by mahfuzazim_TA
GBPUSD: Ongoing pressure!The GBP/USD has experienced a strong rebound from the 1.2275 level, and experts at Scotiabank anticipate that the pair will exert upward pressure on the resistance level of 1.2445/50. No crucial details have been left out in this paraphrase. Bull trend holds The manufacturing data for Mar CIPS was adjusted down by a small margin from 48.0 to 47.9, however, this had minimal effect on the GBP currency, which remained stable and increased gradually from its lowest point of just under 1.23 during the trading session. The British Pound is currently experiencing a strong upward trend in the short term. Technical indicators suggest a positive overall trend for the GBP, which means that it is unlikely to experience significant declines at the moment. However, there is ongoing pressure for the currency to retest key resistance levels around 1.2445/50 in the medium term.
Long
by Sphyn-Trader
1
20 Reasons For Buy GBPUSD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: I think a multiyear downtrend is over now because the market formed a 1985 to 2022 double-bottom bear trap; you can be seen by using a yearly chart that the picture will be clear after if, in 2023 candle is clear inside bar with some bullish momentum 2:📆Monthly: a clear downtrend, but here are some solid reasons for the bull at this level; you can see a consolidation here sweep all downside liquidity and start a bull side move right now 3:📅Weekly: inner structure inducement and impulse move started. At this point, we are seeking only to buy everything in the bull's favor 4:🕛Daily: triple top with a proper bullish structure valid for only Buy entries at a breakout or pullback. Just buy here 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: triple top upside breakout excepted 7: 3 Volume: Every time a massive volume at the bull candle, this indicates buyers are much stronger than the sellers 8: 4 Momentum UNCONVENTIONAL Rsi: Waooo great Rsi almost shift their range from sideways to super bullish zone 9: 5 Volatility measure Bollinger bands: above to middle band some m shape so before breakout a minor correction is excepted for a more decisive move 10: 6 Strength ADX: bullish 11: 7 Sentiment ROC: GBP is more substantial than USD in terms of rate of change monthly period 1 ✔️ Entry Time Frame: H4 12: Entry TF Structure: Bullish 13: entry move: we enter only at impulse move so we can wait 14: Support resistance base: recent bullish OB 15: FIB: Not yet ☑️ final comments: wait For Buy until the price does not give us a proper Buy signal at our desired Price 16: 💡decision: Buy Only 17: 🚀Entry: 1.2239 projected 18: ✋Stop losel: 1.2188 19: 🎯Take profit: 1.2557 20: 😊Risk to reward Ratio: 1:6 🕛 Excepted Duration: 5 day
Long
by Optimum369
GBPUSD: What is the direction of the market?At the beginning of the European session on Tuesday, the dollar increased slightly but struggled to surpass its recent five-week lows before the Federal Reserve's newest policy-setting meeting. The Dollar Index, which measures the US dollar against a basket of six other currencies, traded 0.1% higher at 103.025 at 04:05 ET (08:05 GMT) after falling below 103 for the first time since mid-February. Due to the ongoing banking sector crisis, traders began to anticipate that the Federal Reserve would not raise interest rates due to banking stress, which weighed heavily on the US dollar. To alleviate funding pressures in global markets, the Fed announced a seven-day dollar swap on Sunday. Although the use of this facility was restricted, the rush to inject liquidity into the monetary system demonstrated financial stress and had a clear negative impact on the USD, according to Alan Ruskin, Deutsche's director of international strategy. NOTE: when trading always have sl and tp to be able to ensure the account in the best way. Wishing everyone a smooth and successful transaction!
by Sphyn-Trader
1
Finally GBPUSD Ready To Short!GBPUSD create Strong bearish divergence with a rising wedge pattern . And surely there was an unmitigated order block, now it has also been mitigated! Remember, there is no place for luck in trading - only strategy! Risk Disclaimer Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organised and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Press like👍 if you enjoy + comment with your opinion about the market or your thoughts, below this analysis. Best Regards! Mahfuz Azim
Short
by mahfuzazim_TA
1
Looking bullishAfter a long time of being indecisive and not providing clearer opportunities. The market created divergence and dropped, at first in a corrective manner, then finally went volatile after the shooting star candlestick influenced the distribution phase break out. Mitigation occurred and a buying opportunity was created, however, the market was sluggish on Friday, the bullish move was worse than expected, to add to that, 4h is still looking bullish. Should this move persist, then the first target is the 4h breaker block. How price reacts from there will determine whether we continue to reach the 1.23418 target or price will drop massively…
by tokelohomi