GBPUSD- SECOND SELL ENTRY!DEAR TRADERS, our last setup on GBPUSD have been excellent where price dropped around 200 pips and I think price will continue dropping after it touch our area of reversal; we expect price to continue dropping for another 300-400 pips.
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Gbpusdsetup
GBPUSD Long Term Analsis (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 1 Downtrend in red color (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are stop losses or levels and trends that were respected from the past.
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GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD-EXCITING SELLING OPPORTUNITY!!Dear Traders, hope you all doing great, wanted to give some time to the market after NFP last friday, we have an good selling opportunity on GBPUSD . As we look on the longer timeframe we identify the key important area where price may attract to after strong bullish impulse as DXY reversed as we had expected.
Longer term bias on GBPUSD is bearish as we expect DXY TO continue the bullish trend .
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GBPUSD SELLHappy weekend guys, so a quick one on GU so basically we are looking to sell GBPUSD Why is because on The Monthly TF we are Currently on a down trend, I will break it down Educationally to be very much understanding, so on the weekly/daily we have a support zone or level which ever one you may call it that need to be tested properly before we can eventually see a bullish continuation, selling because we had a very nice down trend market structure and we are Currently on a resistance lvl, also on the Daily TF we broke trend line nicely. So that’s all for now Please drop a Comment on what you also think on GU. Thanks and have a lovely weekend
GBP Intraday support bounce & inverse H&S pattern?! 09.02.2023Nice combo of bullish short-term indications.
Support trend-line since October 2022 to today just confirmed again with aggressive bounce (3rd test of trend-line).
3 lows with middle lower low show potential for inverse head & shoulder pattern (bullish) with 1.2170 middle neck-line resistance , with daily candle close above 1.2390 may be reached very quickly.
A break above 1.239 may lead to 1.2540 resistance which is connecting highs since back to August 2020 resistance trend-line.
Drop below 1.2117 may lead down to 1.1650 longer term with daily candle close (very much less likely) could be a great stop loss below 1.2117 and take profit at 1.2390 for much greater reward than risk.
GBPUSD : The edge 9.5 Let's keep it simple and understandable.
2007-2020 lower high descending trend-line which was broken to up-trend Mid 2020.
Currently between 1.198-1.2250 is the retest range of this breakout and up-trend support.
The bounce from the retest may take GBPUSD to 1.2680 quickly on it's route back to the weekly trend breakout.
At the same time, we have a high potential bullish reverse head and shoulder that is forming around the retest area as a second shoulder.
The Dollar is stretching around extreme overbought conditions and historical horizontal level of resistance.
This is in line with the retest which is currently ongoing.
Make informed decisions trading and always consider the bigger picture.
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GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD daily referenceBy referring to the daily timeframe, a bullish order flow is being gathered in an inverse manner. The 4h structure is broken, with this break of structure the market is more likely to fill the gap between 1.20841 and 1.19247 in order to correct the imbalance and trigger the demand zone or even go lower for liquidity retracement. In this chart we have the first target point at 1.19923, second at 1.21943 and the ultimate at 1.24517...
GBPUSD-Hello my fellow traders, hope you all are learning and earning, here is another big move setup from my side. GBPUSD dropped from our targeted zone like our AUDUSD setup, this mainly due to DXY being bullish and we are expecting DXY to continue bullish trend for next few weeks.
-However, the economic data that were released today these news released came negative for USD though in my opinion price mitigated the last structure.
What you all think?
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GBPUSD Pair H4 Bearish OutlookThe GBP/USD pair is showing bearish signs on the H4 time frame with the recent confirmation of bearish bias, rejection of 1.24125 and three H4 candles closed below the last bull candle. But bearish pressure is expected to be temporary due to the upcoming decision on interest rates for the US dollar. The first target is between 1.22847 and 1.22574, Second target is between 1.21803 and 1.21537. Opinions of other traders are welcomed.
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GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD Trading Plan - 2/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect GBPUSD to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPUSD Trading Plan - 24/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect GBPUSD to go Up from these levels.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Will the GBPUSD Bullish Outlook Continue or Correction Coming?The GBPUSD pair is showing bullish signs, but a correction is likely. Our previous target of 1.24233 has been met, but new factors may impact the pair in the coming week. Despite the Chinese New Year holidays, market expectations for high-impact news releases such as Flash Manufacturing PMI and Advance GDP q/q may lead to volatility. GBPUSD is expected to reach for liquidity above the high of 1.24468 on December 14th, 2022. Look for reversal patterns for potential retracements and price action balance around the 1.20226 and 1.20000 levels. It's important to conduct your own research and analysis before making any trades.
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GBP/USD :: Continue the process .GBP/USD :::
The price has some good support.
1- Trend line.
2- The bottom of the purple channel.
3- The middle line of the Orange channel.
Due to the presence of these supports, there is a possibility of price return, but the possibility of breaking the support range is low and it is expected that the price will increase after that .
View on GBPUSDThe contraction or accumulation area has reached the rejection zone, now we’re looking forward to this slight bearish move to the 4h order block to be triggered at price 1.22610 or a bit below in order to activate the anticipated bullish market. This is a trade not to be missed, we’re also expecting a volatile move in about 1h 10 minutes…