GBPUSD Short ideaNot trying to target large ranges yet but i like the equal lows around 1.2700 want to see price lower.
Gbpusdshort
GBPUSD H4 / NEW PERSPECTIVE FOR SHORT&LONG ENTRY📉📈✅Hello Traders!
This is my idea for GBPUSD H4. At the moment, I see a well-constructed bullish channel and I expect a retracement from the channel resistance level where we have an OB, another resistance level, and an FVG. It represents a good opportunity for Short Trade execution on a smaller timeframe and Long Trade execution on a higher timeframe.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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💡⬇️ GBP/USD Short opportunity Hi traders
I'm looking at another short opportunity here. I'm waiting on the 5 min timeframe for a bearish price action pattern. Keep in mind that this is still counter trend. As always caution and trade management is needed.
GBP USD 1D AnalysisAs we approach the end of 2023, GBPUSD is currently testing a significant resistance level that has proven to be a formidable barrier in the preceding months. Looking ahead to 2024, my expectation is for the price to breach this resistance and sustain the upward momentum, targeting a level around 1.31328.
It's crucial to acknowledge the potential for a rejection at the resistance level, which could potentially lead to a reversal of the trend, especially if there is a break in the trendline and a structural shift occurs.
I invite you to share your insights and thoughts on this analysis. Feel free to drop your comments below.
GBPUSD SELL
Price has been selling starting at level of 1.2800 made a rebound at small pyschology of 1.2750 so it will continue going down hit a pyschological level of 1.2700.
GBPUSDGBPUSD Bearish trade idea, if price will retest 1H proximal line of the supply zone, price can give a drop 150+ pips or more...So I am monitoring close to see price will react
#gbpusd short wave c 27Dec23 #elliottwaveThis count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
💡⬇GBP/USD Short OpportunityHi Traders.
This pair is overbought, RSI and a 4H doji candle. If we can get a break below on the hourly i'll looks to ride this pair lower.
GBPUSD: US dollar depreciates as expectations for interest rate The U.S. dollar is on track to decline annually, weakening from two consecutive years of strong gains as expectations grow for the Federal Reserve to cut interest rates next year. The dollar index against six major currencies hit a five-month low of 100.81, reflecting Wednesday's 0.5% decline and expectations for a 2.6% decline for the year.
In contrast to the Fed's unexpectedly dovish stance at its December meeting, other major central banks, including the European Central Bank, remained committed to keeping interest rates high for a longer period of time. However, markets believe the ECB is considering cutting interest rates by up to 165 basis points next year. Sterling hit $1.2813, its highest since Aug. 10, and is on course for its first annual rise of 6% since 2017. The Bank of England faces a difficult environment. Challenges posed by rising inflation in the UK. The ability of the Fed to cut interest rates as aggressively as the Fed and the ECB may be limited. This has widened the yield differential with U.S. and European bonds, making British assets more attractive and supporting the pound.
GBPUSDHello, quick analysis of GBPUSD, just using the pitchfork tool. It's a tool you can't live without. Enables you to know the market trend. Good luck everyone
GBPUSD I Are the bears ready to step in? Consider this first.Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Short On GBPUSDI am thinking about entering a short position on the GBPUSD pair as we're hitting a resistance zone. This is just a scalp trade, as the trend is generally bullish.
Short On GBPUSDI am thinking about entering a short position on the GBPUSD pair as we're hitting a resistance zone. This is just a scalp trade, as the trend is generally bullish.
GBPUSD tends to decrease when it encounters resistanceOn Friday, the British Pound (GBP) continues its rebound, driven by encouraging UK Retail Sales figures for November. The Office for National Statistics (ONS) revealed that retail spending by households defied expectations by staying positive compared to the previous year, contrary to market predictions of a significant decrease. The robust performance in Retail Sales was primarily fueled by a 2.8% rise in non-food retail stores, which offered substantial discounts during the Black Friday Sale.
The significant rebound in the Pound Sterling indicates that investors have overlooked the pessimistic Q3 Gross Domestic Product (GDP) revision, indicating a 0.1% contraction. This has heightened concerns about a potential technical recession in the UK economy, especially considering the Bank of England's projection of stagnant performance in the final quarter of 2023.
After the release of the economic data, Finance Minister Jeremy Hunt said that “The medium-term outlook for the UK economy is far more optimistic than these numbers suggest".
AhmadrezA |GBPUSDThe price is in a descending channel. Considering that the orange trend line has been broken and a pullback has also been done, if the blue trend line is also broken, I will enter in the direction of selling.
* My entry price is 1.2686, which is a little lower than the last floor pivot, the first price target is 1.2650 and the last target is the bottom of the descending channel (1.2611),and Stop Loss is 1.27109
*The green range is the support area, change the time frame to see it better
GBPUSD H1 / BEARISH CHANNEL, OPPORTUNITY TO ENTER SHORT 📉Hello Traders!
This is my perspective for GBPUSD H1. I see a formation of a bearish channel and at the moment the chart confirms the retracement from the resistance level. I expect a strong bearish move until the liquidity level. Good opportunity to enter short!
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
GBPUSD SELL TRADE--INTRA-DAYIntra Day Trade on #GBPUSD indication-- Wait for the price to exit the mitigation/ liquidity zone and as price enters the Supply zone, wait for the rejection to #Go_Short.
Happy Trading
GBPUSD has a very high chance of creating a new bottomGBPUSD: The British pound also shows the most likely signs of bottoming near 1.2650 in the near term, taking into account the weaker US dollar, and rising above the previous high of 1.2800. In this scenario, you can consider the option of waiting and buying GU near 1.2650.
💵 SELL GBPUSD NOW 1.26873💵
✔️TP1 1.2665
✔️TP2 1.2635
❌SL 1.274
GBPUSD tends to decrease when it hits resistanceOn Wednesday, the GBPUSD fell sharply during the European session as UK inflation for November came in below expectations. The fresh weakness is expected to completely reverse Tuesday's gains and challenge key support at 1.2636. With the overall decline of the GBPUSD, bears are expected to test the starting point of the upward impulse waves. Subsequently, the bullish bias will still exist to keep the structure of "upward impulse waves" intact.
But the focus is now on the downside. As the Relative Strength Index in the 4H timeframe fell below 50 and below the lower limit of the long-term rising regression channel, reflecting a shift in the technical outlook to bearish.
On the downside, the 1.2600 level is now the first support level for the bullish market. A 4-hour close below this level could open the door to a further slide towards the 1.2550 level. It is recommended to go short at the highs.
GBPUSD - D1\H4GBPUSD
D1 - A 3-wave structure has been formed, which can lead to further downward movement. It is also worth considering that the structure can go into the ABC formation, and after correction, continue the upward movement to update local highs.
H4 - You can see the formation of a triangular structure, with a break through the lower trend line. To enter, it is better to wait for fixation behind the trend line; a more reliable entry point will be from a retest of this level and with minimal risk on the idea. Locally, downward movement can be expected to levels - 1.24131
What can you expect?
You can consider entering from these levels 1.26281 with a target of 1.24131
Cancellation if the price breaks the maximum of the 2nd wave - 1.27615 during a retest, the exit is best considered from fixing to the trend level and forming ABC
Long
Target 1.26009 - 1.25481 - 1.24931 - 1.24131
#GBPUSD: Expecting strong drop on GU Dear Traders,
GBPUSD can drop significant after BoE released the inflation data this morning GBP weakness is inevitable in coming days. While DXY is still recovering from last week FED news on interest rate though DXY has not yet shown a strong bullish sign this week and yet. It would be wise to see some bullish price momentum on DXY to confirm the long term bias on GBPUSD. However, a accurate entry on GU at current price with a great risk management is worth it.
We advise to take extra precautions as we are at end of the December.
Good Luck! Happy Trading
⚠️GBPUSD will Fall by Double Top Pattern⚠️🏃♂️ GBPUSD is moving inside a 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴 and Ascending Channel .
💡We saw two Bull Traps over the 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴.
💡Also, these two Bull Traps formed a Double Top Pattern .
🔔I expect GBPUSD to at least drop to the lower line of the ascending channel after the pull back is completed.
British Pound/ U.S.Dollar Analyze ( GBPUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GBPUSD is still in a strong uptrendGBPUSD: The British pound also had a very good rally after yesterday's monetary policy announcement. GU broke through the previous resistance zone and created a positive uptrend. The number of buyers is overwhelming. The scenario for today's session is for GU to buy at 1.2700 and Citi to continue rising with hopes of buying at 1.2820.
