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Gbpusdsetup

GBPUSDGBP/USD seems to have gained traction before testing 1.3000 but the pair faces several resistance levels that could easily cap the rebound. The first hurdle is located at the 1.3040/1.3150 area (static level, 50-period SMA on the four-hour chart) ahead of 1.3080 (static level, 100-period SMA) and 1.3100 (psychological level). In the meantime, the Relative Strength Index (RSI) indicator stays near 40, suggesting that the latest recovery attempt was a technical correction and that buyers remain hesitant. On the downside, 1.3000 (psychological level, static level) aligns as key support. In case this level turns into resistance, the next bearish targets could be seen at 1.2970 (April 13 low) and 1.2920 (static level).
Short
by GeeTreex
GBPUSD LONG!!!1Monday looks to have set the base for a potential long with London Killzone offering the high and low of the day. London open we seen manipulation running the asian range buyside liquidity before reversing and taking out the lows followed buy a Sharpe reversal breaking market structure to the upside and setting the tone for the week. CLASSIC LONDON OPEN WHIPSAW. Now we look for our way in , well wait for London open again tomorrow see if we run the current sell side liquidity into the 5mob=fvg shown on chart. Entry- 1.30000 BIG FIGURE Stoploss- 1.29959 (0.42%) TP- 1.310000 BIG FIGURE HUGE RR trade offering 10/1 with 0.42% risk and potential growth on 10k account of 3.5% Well be managing the trade accordingly once we clear today high at 1.30565 and reduce are risk.
Long
by Marketperceptions00
GBP/USD Short Trade UpdateHey Guys! The GBP/USD Daily Bias was short. Or in other words, price was likely to reach 1.3049 before reaching 1.3298. However, that main target was reached yesterday, so the daily bias is back to neutral. In this video I explain how I confirmed this daily short bias on the 4 hour chart and moreover, what happened on the lower time frames that prevented the pullback for my entry short. That's it guys! I'll keep you updated if a new bias forms on this pair. Have a great day! Ken
Short
by TradingForexPriceAction
1
GBPUSD SHORTS 📉📉📉📉 Expecting bearish price action on GBPUSD as price rejected the bearish orderblock on the H1 filling on it's way the bearish imbalance. We have multiple bearish bos that confirms me that the strucutre is bearish. We have equal lows with a lot of liquidity somewhere around 1.30900 price area that price should hit the next day. The retail heard is LONG on this pair meaning we are going with short against them, another confluence in our short position. GOING AGAINS THE RETAIL HEARD What do you think ? Comment below ?
Short
by AnonimFXRO
GBPUSD SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on GBPUSD on a H1 market perspective as we have bearish market strucutre, price is making lower lows and higher lows with bearish bos that confirms the strucutre. For a short entry i will wait for the price to reach the orderblock bearish H1 area + imbalance fill as we have a lot of confluences in that area + fibonaci premium market area. The retail heard is LONG on this GBPUSD and this should add more confluence on our short entry. What do you think ? Comment below..
Short
by AnonimFXRO
GBP/USD Short TradeHey Guys! The current GBP/USD Daily Bias is short. Or in other words, price is likely to reach 1.3049 before reaching 1.3298. So I'm currently waiting for a pullback so I can take a short entry. In this video I explain the reasoning behind this setup as well as the stop loss and target levels I will be using. Moreover, what I will be looking for in terms of confirmation of the legitimacy of this short setup. That's it! I'll keep you guys updated! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1