GBPUSD - Waiting for price to climb back upOn the daily timeframe, price action printed a strong bearish engulfing pattern and now I'm just waiting for a sniper shot entry. This means prices need to climb back up to my desired entry area for me to consider short selling this pair.
I have alerts in place - now just need to be patient and wait.
Trade Safe
Gbpusdshort
Sell GBP/USD Triangle FormationThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2970.
Target Levels:
1st Support – 1.2910
2nd Support – 1.2874
Stop-Loss: To manage risk, place a stop-loss order above 1.2997. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
GBPUSD: Anticipating Short-Term Bearish Reversal!Greetings Traders!
Current Market Analysis:
At the moment, GBPUSD has been primarily bullish coming into this week. However, recent price action indicates that we might anticipate some bearish institutional order flow to meet minor targets before potentially continuing the bullish trend.
Key Observations:
Market Structure Shift: We have seen a market structure shift, suggesting a potential reversal. This bearish sentiment was further confirmed when the price respected the Balanced Price Range, leaving the Fair Value Gap above it as a runaway gap. This indicates that the price has no immediate need to move further into premium prices.
Trading Strategy:
Entry Strategy: I am looking to see if the price retraces back into the H1 bearish order block. This will be my primary entry point. If the price does not retrace into the H1 bearish order block, I will seek other entry methods, provided the price gives me a confirmation to do so.
Target Levels: The main target is the Daily Bullish Fair Value Gap, which is my draw on liquidity.
Conclusion:
By understanding the current bearish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute trades on GBPUSD. The observed market structure shift and the respect for the Balanced Price Range support a bearish outlook in the short term, guiding our strategy towards taking advantage of short opportunities while keeping an eye on the potential continuation of the bullish trend.
Happy Trading,
The_Architect
GBPUSD SELL SETUPThe current technical analysis supports a bearish outlook on GBP/USD. By carefully monitoring key resistance levels and using proper risk management, this sell setup aims to capitalize on the expected downtrend while minimizing potential losses. Always stay informed about market conditions and be prepared to adjust your strategy as necessary.
GBP/USD Sell Setup
1. Current Market Overview:
Pair: GBP/USD
Bias: Bearish (Sell)
Timeframe: 1-hour (H1) / 4-hour (H4)
Monitoring and Adjustment:
News and Events: Be aware of upcoming economic news and events (like central bank announcements, and employment reports) that could impact GBP/USD volatility.
Trailing Stop: Consider using a trailing stop to lock in profits if the trade moves favorably.
GBPUSD - Look for a long !!Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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GBPUSD POTENTIAL SHORT OPPORTUNITYHello Everyone!
How are you all?
GbpUsd is a pair to watch this week, because it is shaping up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. On the HTF, the price come to the VA.
2. The price has formed a reversal structure.
3. The price has approached the value area structurally.
Game Plan:
If the price rejects at the VA and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Short-Term GBPUSD Short This Shorting opportunity could also be an opportunity for an entry for a longer term hold.
GBPUSD on the move for a longer term sell so we are looking for opportunities to ride the wave down.
- FVG at 0.79 fib level as point of entry
- Asian range highs are taken out
- Previous liquidity has to be taken out
- Targeting the previous low
Gbp/Usd (Wedge) Intraday Analysis The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.2806, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2763
2nd Support – 1.2735
Stop-Loss: To manage risk, place a stop-loss order above 1.2850. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
GBPUSD Weekly PlanI was waiting to see how GBPUSD was moving in the previous days before posting this setup. I expect a major correction on the cable, but probably we are going a bit higher now. My personal plan (don't follow me, it's risky) is to long now with a tight stop at 1.2795, target the local highs at 1.284 and wait for a reversal setup. Powell speech today, and this could give us a fake pump. I expect a retracement till the 1.2700 area, that is a strong daily supply zone and here i will open a strong buy position
GBPUSDThe GBP/USD pair is exhibiting a bearish trend on the daily timeframe, forming a symmetrical triangle. The completion of the Elliott Wave 4 at the resistance trendline, coupled with the formation of a double top, suggests a potential move towards the Elliott Wave 5 on the bearish side. This confluence of patterns indicates a strong likelihood of further downside movement.
GBPUSD, a high probability idea to sell from trendlinesIdea No : 20
16 out of last 19 ideas were successful and 3 still running, let's talk about 20th
this idea is on our radar for the past few days now and we were waiting for the touch of either one of the red resistive trendlines and it did the touch after NFP last week
therefore this is a high probability idea and we expect selling pressure soon and it looks prety much inevitable now
by the way, our last idea on this pair was spot on, check the related idea
let's see...
GBPUSD : Sell and Long opportunities for upcoming week !!!Hello traders, hope you doing great.
for upcoming week, we'll have two option based on specified levels.
The first one is waiting for blue zone and take long, and the second one is waiting for red zone and wait for confirmation of sell.
so we have to wait and see what will happen.
and finally tell me what do you think? leave your comment below .
If this post was helpful to you, please like and share with your friends.
Thanks.
GBP FACES CHALLENGES IN THE 3RD QUARTERGBP FACES CHALLENGES IN THE 3RD QUARTER
Pressure is mounting at the GBP withinside the 1/3 area as hobby price cuts are sooner or later considered, whilst the United Kingdom trendy election reasons a bout of volatility and weak point withinside the GBP, with the Conservative Party in power. recorded the bottom consequences in decades. The Labor Party gained a landslide victory withinside the July four election. With the brand new government`s spending plans nevertheless unclear, buyers might also additionally live farfar from GBP and GBP-denominated assets, till while the monetary state of affairs is extra stable.
UK INFLATION: TARGET ACHIEVED, BUT DIFFICULTIES STILL REMAIN
The UK reached a key monetary milestone in May while inflation information hit the BoE's goal. For the primary time in almost 3 years, UK headline inflation fell to 2%, in step with the BoE's long-time period goal and staining a outstanding turning factor withinside the nation's combat in opposition to growing rate pressures .
Core inflation - which includes meals and energy - additionally fell from 3.9% to 3.5%, whilst offerings inflation fell from 5.9% to 5.7%, proper on target however nevertheless worryingly excessive for the BoE.
GBP/USD Sell to Buy idea from 1.28400 down to 1.27600While GU buys are more favourable overall, as day traders, we will focus on nearby opportunities. This week, sells look promising at the 2-hour supply zone, where I expect a bearish reaction. This is a small move intended to trigger a retracement back down towards the 18-hour demand zone.
Once the 18-hour demand zone is mitigated, I will look to take buys. If price falls through this demand zone, the more ideal zones are the 9-hour or 8-hour demand. Overall, I am bullish as price is breaking structure to the upside, but a retracement is expected.
Confluences for GU Sells to Buys:
Price is very near a good 2-hour supply zone at the top of a structural point.
Imbalances below to target, as well as liquidity that needs to be taken.
Price has been very bullish and needs some correction.
Price is currently in a bullish trend, so sells to buys are favourable.
DXY is looking quite bearish as of now.
P.S. If price continues going up and breaks the 2-hour supply and structure once again, I will focus heavily on long opportunities.
GBPUSD | Perspective for the new week | Follow-upIn this video, we examine the recent performance of the GBP/USD, which closed Friday at a fresh five-week low, marking its third consecutive week of decline. The Bank of England's (BoE) recent interest rate decision did little to bolster confidence in the British pound. Meanwhile, a late-week surge in the US Purchasing Managers Index (PMI) dampened risk appetite, giving the US Dollar a lift heading into the weekend.
On Thursday, the pound and UK bond yields fell after the BoE left interest rates unchanged at 5.25%. Some policymakers noted that their decision not to cut rates was "finely balanced". Additionally, British inflation data revealed a drop to 2% in May, hitting the BoE's target for the first time since 2021. However, concerns remain over underlying price pressures, particularly in the services sector.
With positive US economic data reducing the likelihood of an early rate cut from the Federal Reserve (Fed), market sentiment shifted towards the safe-haven Greenback on Friday.
Looking ahead, UK economic data remains sparse heading into next week, leaving Sterling traders focused on next Friday’s Gross Domestic Product (GDP) release. In the US, economic data releases are also limited to mid-tier reports early next week, with the US GDP update scheduled for next Thursday.
GBPUSD Technical Analysis:
Will the pound maintain selling pressure below $1.26750? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading!
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.