GBPUSD is in the Selling Direction after breaking suPportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gbpusdshort
GBPUSD is in the Selling DirectionHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD analysis week 40Fundamental Analysis
According to CME Group’s FedWatch Tool, the market is currently pricing in a more than 75% chance of the Federal Reserve cutting interest rates by another 50 basis points in November. In addition, weaker US macroeconomic data on Tuesday, coupled with the prevailing risk-on environment, further undermined the safe-haven dollar and confirmed the positive near-term outlook for GBP/USD.
Going forward, there is no market-relevant economic data due out of the UK on Wednesday. However, a scheduled speech by BoE MPC Member Megan Greene could influence GBP and provide some impetus to the GBP/USD pair. Later in the early North American session, US New Home Sales data could contribute to short-term trading opportunities.
Technical Analysis
GBPUSD’s trading range has remained largely unchanged over the past week. With little technical movement we still see the pair in a solid range of 1.323 and 2.349. In the short term we can see that the immediate support zone has been raised after the price reacted strongly at 1.331 and the resistance level forming a triple top around 1.342 has been established. The GBPUSD direction could continue the correction early next week and reach the yearly record around 1.350 in the near term.
Trading signals
SELL GBPUSD zone 1.349-1.351 Stoploss 1.353
BUY GBPUSD zone 1.323-1.321 Stoploss 1.319
EUR/USD Trade Setup – 1 Hour TimeframeMessy Price Action 🤕🤧
On the 1-hour timeframe, EUR/USD has formed a supply zone around the 1.11600 price area, and the price is currently pulling back to that level. Meanwhile, the DXY (US Dollar Index) is tapping into a demand level on the daily timeframe.
I’ve also noticed the price slowing down at a minor resistance level, but I’ll wait for a pullback to the supply zone for a more effective entry. Minor support and resistance levels are generally less reliable.
Note: There are two types of Support and Resistance Levels
1. Major Support and Resistance Levels:
These levels have the strength to stop and reverse a trending market altogether.
They are key turning points in the market.
2. Minor Support and Resistance Levels:
These levels only temporarily delay rising or falling prices within a larger trend.
They provide short-term pauses but are generally less impactful..
gbpusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPUSD I Potential short from top of the channelWelcome 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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KOG's RED BOXES - GBPUSDGBPUSD:
Key level here is at 1.3076 with the bias being bullish above. Keep an eye on the key red box for a potential RIP.
Have a look at the previous pinned posts on Red boxes to familiarise yourself with how they are so effective in keeping traders the right side of the markets.
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GBPUSD Selling zoneThe market has broken the bullish trend and now we are in the selling zone. There is a strong resistance and order block at 1.32072-1.32650, which is a good sign to enter the market.
Entry level: 1.32072 - 1.32650 (significant resistance and order block)
Targets:
First Target (TP1): 1.32250
Second Target (TP2): 1.30313
SL Level: 1.32650
If the market breaks this selling level, the bullish trend will start again
gbpusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPUSD swing sell idea(1:7-1:15RR)GBPUSD has been bullish for a while, mainly because of the weakened dollar, which has been falling for a whole month. As the US Presidential election is getting closer, we expect the dollar to be bullish until then, as potential rate cuts are coming soon. The structure on GBPUSD has turned bearish, with multiple fundamental indicators like VWAP and Fibonacci levels have been respected. Our first TP target is 1.30 for 200 pips. Will update weekly.
As always trade safe and expect the unexpected.
Fractals Trading Community,
Mei
GBPUSD is in the Selling Direction after breaking suPportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD 1.30424 0% MULTI TIME-FRAME ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at The CABLE from HTF - MULTI TIME-FRAME ANALYSIS
GBPUSD DAILY TF
* We've had 3 weeks of bearish close on GU.
* ERL TAKEN looking for IRL on the weekly.
* The weekly & daily TF show we are still showing signs of a bearish move.
* But seems we may see continuation with the bears On the D.
* GBPUSD took External range LQ , looking for that internal range LQ to be taken(W FVG).
* We are trading in discount of the move,This is where I would be looking for long entries.
* With PO3 looking to open bullish to confirm a move lower into premium PD ARRAYS.
GBPUSD 4H TF
* looking for Thursday to head bullish into the -OB for a bearish week close.
*open I will probably be looking for shot positions OPPORTUNITIES.
* We will see what does the market dish.
* 4H lookin for a push into the -OB (po3) to sell intraday
.
GBPUSD 1H TF
* We saw a rally with the bears, strong momentum to the downside ON the 1H.
* Looking at the 1H -OB + -FVG, this is where I would look for LONG entries this week.
* Should this PD ARRAY hold will be Short for the GBPUSD.
* BASED on the price action served this week.
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LOVELY TRADING WEEK TO YOU!
Bearish Reversal in GBP/USD After NFP Data: Key Levels to WatchIn my August 8 analysis, I highlighted the Morning Star pattern, which retested the previous resistance of the broken triangle, signaling a potential reversal to the upside with a target above 1.31 for the next leg up.
As anticipated, the price did reverse, and not only was the target reached, but it was also surpassed.
However, after breaking above the horizontal resistance level, which marked a yearly high for GBP/USD, the pair reversed.
Despite bulls' efforts to regain control, the NFP data provided clarity with a strong bearish engulfing pattern on the daily chart.
At the time of writing, the price is sitting right on the former resistance level, which now serves as support.
A break below this level could lead to further downside movement toward the psychological 1.30 level, and potentially even the 1.2850 technical support zone.
I believe this scenario will play out for "cable," and I'm looking to sell into rallies.
However, this outlook would be invalidated if a new high is achieved.
GBPUSD sell opportunity #GBPUSD sell opportunity
The price already broke the market structure in a lower time frame. Here is the sell opportunity from 1.28122 to 1.2788 zone.
Use does not increase risk reward form 1:1RR
All details in the chart. Get your confirmation and execute the trade. Good luck guys!