Gbpusdsetup
GBP/USD Short Term SELL ....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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GBP USD | British Pound US DollarGBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.
GBPUSD is in the Supply Zone, good for SELL.GBPUSD Daily = Downtrend.
Cable ( GBPUSD ) is in the Supply Zone , most likely will going down turn to Demand Zone (1.07650 - 1.0888).
I prefer Short / Sell entry in Supply Zone (we should find the smallest Supply Zone for Sharp / Sniper Entry) with Stop Loss @ 1.7700 and TP #1 = 1.1220 & TP #2 = 1.0900 (Swing Trading).
GBPUSD is in sell zone!!GBPUSD 4H has formed a very strong bearish price after a liquidity grab from the monthly level of resistance. The market is already over-extended to the upside and as the price already grabbed liquidity, it is highly likely price will continue to drop as the long-term trend is bearish. Upon the current 4H candle close, if the price action remains bearish, we may open a short position as per the rules of our strategies.
GBPUSD - Short from bearish orderblock ✅Hello traders!
⁉️This is my analysis on GBPUSD .
Here we are in a bearish market structure, so I am looking only for shorts. I expect bearish price action as price took out liquidity above previous weekly high and rejected from bearish orderblock.
On Friday we have news events about NFP and Unemployment Rate on USD, we should pay attention on the results and if its positive, it means strong USD that will support our sell-off on Gold .
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GBPUSD is preparing for another drop!!GBPUSD 4H has grabbed liquidity from 4h20EMA after a spike to the upside, and at the same time, has broken the daily high and rejected. As long-term price action is bearish, it is highly likely that the price will respect the daily high and 20EMA and finally, the price will break down to continue its downtrend.
A sell setup from the area of value shown on the chart is high probability :)
GBPUSD 27/09/2022Price formed a recent resistance at 1.0873 & support at 1.0737 while also moving by creating higher lows into the resistance by following a shorter TF uptrendline. so if price makes a break & close above the resistance with these higher lows, then it could move all the way up to the next resistance at 1.1201.
However a breakout of the recent support at 1.0737 might lead the price to go down towards the next support at 1.0563 again creating a ranging phase.
GBPUSD, Already Facing RECESSION..?Hi traders, Lets take a look at Sterling.
Fundamental View:
Sterling seems like breaking LL due to the
uprise in DXY after breaking 20 years resistance.
But here Sterling acted as an catalyst and moved
way more than expected. It's because of:
1) DXY strengthened by breaking 109 levels.
2) British finance minister Kwasi Kwarteng earlier
in the day laid out a plan of historic tax cuts paid
for by huge increases in borrowing, which sent British
government bonds into freefall and the pound sharply lower.
3) British bond yields were set for their biggest daily rises in decades.
4) Fear of Recession.
Technical View:
GBPUSD looking for 1985 final support as there
isn't any footing nearby. We can expect a pullback
for a another fall.
GBPUSD can be seen respecting Falling Wedge pattern
on Monthly TF. Still Lower TL pointing towards
1.05 zone which is still 300 pips away. This last
week of September might be fruitful so
Wait for the proper entry or check news calendar.
"Miracles are meant to happen."
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GBPUSD FOMC OutlookPound continue falls and price try to enter RBS area at monthly timeframe.This RBS area existed since 1985. Upcoming FOMC today will determine where USD will go. I marked 2 zone where it got potential to buy. Whoever wanna take risk feel free to buy when price entering the zone.
Watching zone: 1.12305
Extended zone: 1.05539
GBPUSD possible sell zone on FOMC!!GBPUSD (4h) Has broken out of local support on the lower timeframe. As FOMC is coming, the price may pick up to the previous support turning resistance and we could see rejection as the long-term trend is bearish and the daily timeframe has printed a bearish engulfer.
On the retest of previous support as resistance and, upon rejection, a sell trade is high probable.
GBPUSD is in possible sell zone, UPDATEGBPUSD 4H has created bearish price action with a strong breakdown from daily head & shoulder. Price currently testing the neckline of daily head & shoulder and creating series of lower highs below this resistance level. It is highly likely that the price will continue to drop as the long-term trend is bearish.
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GBPUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
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