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Gbpusdshort

GBPUSD Bearish Reversal: Key Sell Opportunity Ahead!Greetings, Traders, Currently, on the H1 timeframe, the price is indicating a potential reversal. We have observed a market structure shift, suggesting that the internal structure has turned bearish. With this information, we focus on premium points of interest, such as the H1 bearish order block that the price has tapped into, which aligns with the Fair Value Gap (FVG) that has been completely filled. This confluence suggests looking for sell-side delivery towards the daily FVG, which serves as our draw on liquidity. Kind Regards, The_Architect
Short
by The_Archi-tect
Short Sell @ 1.29, Long Term Buy @1.25 - Target 1.40?Looking at the weekly chart, Cable has been forming a triangle/wedge pattern, which could also be viewed as a bullish flag after the rise from 1.035 to 1.31500. So, what’s next? In the bigger picture, I’m bullish on this pair, but there will also be short-term selling opportunities. I expect the price to move up towards March's high at 1.29, slightly above the wedge trendline. This area should act as resistance, where I will look to sell short term. I’ll execute this sell idea by using my TRFX indicator to look for sell signals as the price moves above 1.285 towards the high. My stop loss will be above 1.30, and the target will be down towards the bottom of the range at 1.25. If this first part plays out and we see the move back down towards 1.25, which is the wedge bottom trend line, this will be a great area to get in for long-term buys. The target will be a break and close of the weekly wedge, first aiming for last year's high at 1.315. This will be another good short-term selling area, anticipating a move down to test the wedge breakout area. This could be a spot for buyers to test the 2021 highs above 1.40. I’ve charted what I believe is the likely path for this pair over the coming months and year ahead. Let me know what you think in the comments.
Long
by TheFxAce
6
💡 GBPUSD: Analysis May 20Last Friday up D1 bar for GBPUSD had a lower shadow and closed near the top, showing good buying pressure. Before that, bar D1 decreased but created a bullish pinbar, also showing buying pressure. The recent price behavior of GBPUSD D1 at this resistance suggests the possibility of a breakout from the most recent peak to establish an uptrend again. GBPUSD H1 broke out of the H1 sideways price range and bounced up, setting a new high price peak to return to the short-term uptrend. Currently, the price is moving sideways above the old peak, which is a form of price compression and can easily lead to a price bounce upward. The main trend of GBPUSD H1 today is waiting to buy. 💡 Trend H1: GBPUSD increases. Today's trading idea: Buy GBPUSD.
Long
by Stone_Haven
2
💡 GBPUSD: Analysis May 22GBPUSD has its third consecutive day of increase, but is showing a slowdown as the price creates a Spinning Top candlestick pattern around the old peak. GBPUSD D1 needs a breakout from this peak if it wants to establish an uptrend again at D1. After surpassing the old peak to reestablish an uptrend in H1, GBPUSD moved into a sideways phase in the trading range. Because the main trend is uptrend, GBPUSD H1 today continues the scenario of waiting to buy from the supports below. Trend H1: GBPUSD increases. Today's trading idea: Buy GBPUSD.
Long
by Stone_Haven
Sell GBPUSD CPI DataThe GBP/USD pair on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a wedge pattern. Possible Short Trade : Entry: Consider entering a short position (selling GBP/USD) below the broken support trendline of the wedge after confirmation. Ideally, this would be around 1.2720 or lower if the price continues to decline. Target Levels: 1.2678: This target is achieved by measuring the height of the wedge (from its apex to the breakout point) and projecting it downwards from the breakout point. 1.2650: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the wedge, ideally with some buffer around 1.2730. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
GBP/USD Bearish Reversal OpportunityThe GBP/USD currency pair is currently forming a Bearish Harmonic Pattern (XABCD), with Point D identified as the Potential Reversal Zone (PRZ). The confluence of several technical factors at Point D suggests a high probability of a trend reversal from bullish to bearish. Technical Confluences: 1. Harmonic Pattern Completion Point D of the Bearish Harmonic Pattern has been identified, indicating a potential reversal area. Harmonic patterns are reliable indicators of market reversals, and the formation of the XABCD pattern is a key signal. 2. Key Resistance Area The PRZ aligns with a significant resistance area. Historically, this level has acted as a strong barrier to upward price movements, further reinforcing the likelihood of a bearish reversal. 3. 4-Hour Trend Line A critical 4-hour trend line intersects at the PRZ. This trend line has consistently provided resistance in recent trading sessions, adding another layer of confirmation to our bearish outlook. 4. Bearish RSI Divergence (1-Hour) On the 1-hour chart, a bearish RSI divergence is observed. While the price has been making higher highs, the RSI indicator has been making lower highs, signaling weakening bullish momentum and potential reversal. Trade Setup: Entry Point: 1.2695 Stop Loss: 1.2720 Take Profit Levels TP-1: 1.2670 TP-2: 1.2645 TP-3: 1.2620 Conclusion: Given the confluence of the Bearish Harmonic Pattern completion, key resistance area, 4-hour trend line, and bearish RSI divergence, we anticipate a bearish reversal from Point D. Traders are advised to enter short positions at 1.2695, with a stop loss at 1.2720. The take-profit levels are strategically placed at 1.2670, 1.2645, and 1.2620 to optimize risk-reward ratios. This analysis provides a well-rounded perspective on the current EUR/USD technical setup, highlighting key factors that support a bearish bias.
Short
by trading_jupiter
GBPUSD Sell Alert: Major Bearish Shift Ahead - Act Now!Currently, GBPUSD is signaling a potential reversal, indicating a shift towards bearish institutional order flow. We may see the price target sell-side objectives such as the H1 sell stops, with further movement towards the Daily Fair Value Gap (FVG) throughout the week. For confirmation, I monitored the manipulation of the Asian session high during the London session. According to the Power of 3 strategy, London often sets the day's high when bearish momentum is expected, leading to a price distribution towards the downside. In terms of take profits, you can distribute them as you see fit. I will be aiming for a 1:4 risk-to-reward ratio, but if your entry was a bit late, you might consider targeting the Daily Fair Value Gap (FVG). To understand why I'm anticipating bearish momentum on GBPUSD, please watch this video for a comprehensive breakdown of this week's trading outlook. Kind Regards, The_Architect
Short
by The_Archi-tect
GBP Faces Downdraft on Potential Double BoE Rate CutThe Pound is under pressure due to the Bank of England's (BoE) dovish policy stance. While a rate cut by August is expected, speculation swirls about consecutive reductions at upcoming meetings. Double Cut Threat: Analysts warn back-to-back cuts could send GBP tumbling: GBP/USD: Potential fall to 1.23 GBP/EUR: Potential drop to 1.15 Factors Supporting Double Cut: UK inflation consistently undershooting BoE targets. Dovish comments from BoE officials like Huw Pill and Megan Greene. Incoming MPC member Clare Lombardelli potentially tipping the scales dovish. Uncertainties and Counterarguments: Resilient services sector inflation might delay rate cuts. Strong inflation data on Wednesday could lead to holding rates in June. Data Dependence and Volatility: Upcoming data, especially Wednesday's inflation report, will dictate the timing and pace of rate cuts. Weakening services inflation data: Increases chance of June cut followed by August cut, potentially weakening GBP. Strong services inflation data: Might delay cuts until August, offering temporary GBP support. Trade Idea: Short GBP/USD Entry: 1.2375 Target Profits (T.P.): 1.2300, 1.2224, 1.2139, etc. Stop Loss (S.L.): 1.3989 Implications for Investors and Businesses: Monitor upcoming data and BoE pronouncements. These factors will significantly impact GBP's direction and necessitate adjustments in financial planning and international trade activities.
Short
by signalmastermind
GBPUSD - Potential long ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for long position. My point of interest is if price makes a retracement and then rejects from trendline + liquidity zone. Fundamental analysis: This week on Wednesday (GMT+3) we will see results of yearly CPI on GBP, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
GBPUSD Analysis (20th May 2024) GBPUSD Analysis On the 1 hour Timeframe, price has tapped into the 1 hour FVG and rejected very strongly and created a 15 minute Change of Charcter to the upside. Currently Price has retested the 15 minute bullish OB at the 1.26865 - 1.26924 level. There are 2 scenarios i am looking at. 1) IF price breaks through the Bullish OB with a body candle close below. If this happens i will be looking for price to do a break and retest to continue selling. 2) Price rejectes of the OB and creates a 15 minute CHOCH at the 1.27094. If we see that i want to see a retest of that key level or a retest of a bullish FVG or OB to continue longs.
by CallistoFX
GBPUSD Trading Insights: Capitalizing on Bearish Opportunities!Dear Traders, On Friday, the GBPUSD experienced significant volatility, leading to a notable upward movement. This action resulted in the formation of a Low Resistance Liquidity Zone, indicating minimal resistance for price movement through this area. Additionally, the price left relatively equal lows, suggesting the presence of H4 Sell Stops. We anticipate the price to target this area, which aligns with the Daily Fair Value Gap (FVG), drawing liquidity in that direction. Currently, we are considering two scenarios for potential confirmation entries towards our objectives: H1 Bearish Order Block : We are at an H1 bearish order block, and a price sell-off from this point is possible if we receive the appropriate confirmation signals. H1 Buy Stops : Alternatively, the price may trigger the H1 Buy Stops. In this scenario, we expect smart money to take positions against these buy stops, creating selling opportunities. Confirmation entries will be considered if this occurs. Please stay tuned for our upcoming weekly video outlook on GBPUSD, where we will provide further insights and detailed analysis. Best regards, Kind Regards, The_Architect
Short
by The_Archi-tect
GBP/USD Shorts from 1.27500 back downMy bias this week is to look for nearby sell opportunities as we approach a strong supply zone on the 21-hour chart. I will wait for a Wyckoff distribution to unfold, likely on Monday or Tuesday, to take sells back down to the next demand zone. Since the equal highs have been swept, I expect the price to slow down and provide a clear entry model for shorts. Despite the current bullish trend, I plan to take these sells down to the next demand zone, where I will look for long positions to continue the trend. Confluences for GU Sells are as follows: - 21hr supply zone has caused a break of structure to the downside and has an imbalance - The overall trend on the higher time frame is bearish and the dollar is also overall bullish. - Price has swept equal high liquidity enough to now break back down. - Bullish pressure is getting exhausted after the bullish rallies we saw last week. P.S. Since the price hasn't yet tapped into the supply zone, I'm also watching for an Asian high sweep, which will further confirm my sell bias. Additionally, we're approaching the psychological level of 1.27500, so it will be interesting to see how the price reacts. Have a great trading week!
Short
by Hassan_fx