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Gbpusdshort

Is the Rally Over? GBPUSD Peaking Is a Major Reversal Imminent?Is GBPUSD setting up for a massive reversal, or are we on the brink of one final explosive push above 1.31? We've seen quite a rally this month with GBPUSD, as it cleanly broke through the 1.30 level this week, climbing above 1.31 yesterday and hitting a 2023 high, which is now acting as resistance. So, what's next? At 1.313, we've reached last year’s high, where we previously witnessed a massive 1100-pip drop down to 1.20 in just a few months. If you look at the daily chart below, you’ll notice a rising wedge pattern has formed over the past few months. Is a SELL-OFF imminent? The current bullish move is highly overextended and extremely overbought on the higher timeframes. Zooming into the 4-hour charts, we can see clear signs of momentum slowing down as we approach this key resistance zone. In the 4-hour chart below, the highlighted area shows how momentum is fading as we near the SELL Zone, with each new push higher being sharply sold off before one final surge into the resistance area. This is a classic indication that a reversal is likely on the horizon. If you compare it to the 4-hour chart from last year’s sell-off, you’ll see the same pattern: a huge surge followed by a couple of brief pauses, then one last push into the resistance zone before selling off. Given all this, the next likely move for this pair is to the downside over the coming days or weeks. We might see one final push above 1.31, but I expect the market to sell off toward the wedge trendline around 1.28. If that level breaks, a move down toward 1.25 could be on the cards. This setup has a high probability, given the overextended upward move, extreme overbought conditions on the higher timeframes, and slowing momentum on the 4-hour charts—all occurring as we approach a significant Weekly SELL ZONE where we saw a 1100-pip move last year. I’ll be looking to sell this pair on a move above 1.31 again or on the first 4-hour signal from my TRFX indicator. Let me know what you think in the comments below :)
Short
by TheFxAce
8
$GBPUSD | Sell Trade | Market Exec |Technical Confluences: - The previous Supply Zone broke and have moved up towards the next Fibo Retracement level at 100% - Stochastics have started to reversed off the Overbought conditions - Resistance Trendline present - Another Interest Zone is right above the Price Action; should see price consolidating or bounce off this zone Fundamental Confluences: - No difference from previous posting ----- Previous positioning got stopped out after market continued the Soft Landing narrative which sent the USD lower and GBP went higher. Will take a new entry here with SL levels above the Interest Zone and will consider the Support trendline and the 78.60^ Fibo levels as the starting TP levels. -----
Short
by weekendanalyst
GBPUSD 1.30069 + 0.15% WEEKLY MULTI TF ANALYSISHELLO TRADERS Hope everyone is doing great 📌 A look at The CABLE from HTF - MULTI TIME-FRAME ANALYSIS GBPUSD WEEKLY TF * With a bullish run last week, looking for continuation towards ERL. * With this weeks Bullish run open, an last weeks bullish run we could see continuation wuth the 🐮. * The weekly & daily TF show we are still showing signs of a bullish move. * Not sure of a reversal before continuation. * But looking from the DAILY this might be possible. DAILY TF * Looking for the take of thatExternal range LQ. * opening this week Bullish might be a confirmation of this bearish move. * With PO3 looking to opening bullish this week to confirm a move higher into premium PD ARRAYS. GBPUSD 4H TF * Sentiment remains on the 4H a sweep of the highs and signs of reversal stands bearish. * 4H lookin for a push into the ERL (po3) to sell intraday . GBPUSD 1H TF * Still on that rally with the bulls, strong momentum to the upside ON the 1H. * Looking at the 1H LQ, this is where I would look for shorts entries this week. * Should this PD ARRAY hold will be Short for the GBPUSD intraday. * BASED on the price action served this week... * We will see what does the market dish. 🤷‍♂️😉🐻📉🐮📈 HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
4
GBP/USD imminent shorts back down or sell from 1.30000My analysis for GBP/USD (GU) this week is bearish due to the current mitigation of the daily supply zone. As price is within this zone, I will be looking for price to distribute and then enter short-term sells. Since price is already in the zone but hasn't yet touched the refined zones, I may wait for price to mitigate deeper. Around the 1.30000 mark, there's a refined supply on the 19-hour time frame. From there, it would be a more ideal place to sell. If price starts to sell off from this level, I will target the next demand zone, allowing me to buy back up again since the current trend is still bullish. Confluences for GBP/USD Sells are as follows: Price has been very bullish recently, and bullish pressure is getting exhausted. There is a strong supply zone on the higher time frame sitting at a psychological level. Price has left a lot of imbalances and liquidity below that needs to be addressed. This outlook aligns with the expectation of the DXY increasing slightly. P.S. If price doesn't sell off on Monday, I can expect price to consolidate a little and push a bit higher to mitigate the daily supply zone more deeply.
Short
by Hassan_fx
GBPUSD 1.28715 + 0.19% SHORT IDEA ASIAN SESSION TRADEHELLO TRADERS Hope everyone is doing great 📌 A look at The CABLE from INTRA DAY TIME-FRAME ANALYSIS GBPUSD 15 M TF * Friday opens with a sweep of NY lunch session highs. * Trading above the True Day OPEN confirming a Judas swing at play for shorts. * Seems we may see a reversal before continuation, with the CISD On the 1H. * GBPUSD took External range LQ , looking for that internal range LQ to be taken. * This move will be delivered from The 15M -OB * CONFIRMATION of this short idea is if we see rejection at pd arrays with significant 🐻 candles **IF CONFIRMED TP 1 - ASIAN LOWS TP2 - TREND LQ AT PROJECTION 2.5 5 M TIME-FRAME HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
8
GBPUSD - Look for Continuation Short (SWING) 1:5!The price has clearly broken the HTF trendline and is making a significant correction towards the highest supply zone, taking orders before continuing the bearish trend. Expect slower market movement as most orders have been closed for profit-taking, and no major impact news remains except on the CAD pair, which may slightly affect the USD. Regardless of the situation, proper risk management is essential! Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Short
by S-Fx_
4
$GBPUSD | Sell Trade H4 | Execute & Sell Limits |Technical Confluences: - Price action is between a 50 - 61% Fibo retracement range - Horizontal trendline coincides with the 61% Fibo retracement levels - Price is also at a Supply Zone range - Stochastics on the H4 is in Overbought conditions Fundamental Confluences: - Market is reeling with the optimism of incoming FED cuts but FED seems to feel differently based on the few FED speaker's speeches - The riots in the UK will definitely have some economic drag on the GDP ________________________________ Will be executing my 1st sell entry into FX:GBPUSD and set Sell Limit orders as show in the charts. Targeting to TP approximately half the position at the 38% Fibo Extension levels (in blue) and move my SL levels to B/E. Full TP are the 61%/78% Fibo Extension levels. Remember, DYOR. ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Long
by weekendanalyst
2
7 Dimension sell setup for GBPUSD Core Analysis Method Smart Money Concepts 😇 7 Dimension Analysis Time Frame: 15 min 1: Swing Structure: Total bearish with BOS. Took the inducement, and the corrective swing move is almost complete, mitigating extreme POI OB, FVG, and liquidity from the premier zone. Going short with regular SMC. Strong resistance and supply are resting here. 2: Pattern 🟢 CHART PATTERNS Reversal: Double top 🟢 CANDLE PATTERNS Record session count and shrinking candles confirm with change of guard. 3: Volume 🟢 Very substantial volume at the point but unable to break the structure, indicating profit booking at the point. 4: Momentum RSI 🟢 In bullish zone at overbought level at 80, expecting a reversal. 5: Volatility Bollinger Bands 🟢 Expansion is about to finish now with squeeze breakout and walking on the band, we expect a down move here. 6: Strength Bulls are in power but it's about to be overbought again. 7: Sentiment Strong sell ✔️ Entry Time Frame: 15 min ✅ Entry TF Structure: Bearish 💡 Decision: Sell right now 🚀 Entry: 1.2817 ✋ Stop loss: 1.2842 🎯 Take profit: 1.2668 😊 Risk to reward Ratio: 6RR 🕛 Expected Duration: 2 days SUMMARY: The analysis supports a sell position based on Smart Money Concepts methodology, with the structure, volume, momentum, volatility, and sentiment indicating a bearish move.
Short
by Optimum369
GBPUSD 1.27704 +0.1% SHORT IDEA ITRADAY MULTI TF ANALYSISHELLO TRADERS Hope everyone is doing great 📌 A look at The CABLE from MULTI TIME-FRAME ANALYSIS GBPUSD 4H TF * Monday 8 am SAST time 4H candle pushes higher to take highs. * Beautiful rejection forming a wick favoring bearish move. * So seems we may see a reversal before continuation, with the CISD On the 1H. * 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. GBPUSD 1H TF * Looking for the week to open Bearish into the 4h -BB because our HTF BIAS (PO3) Is bullish . * Confirmation of this can be that we pushing higher & rejecting. * We will see what does the market dish. * 4H lookin for a push into the +BB (po3) ✔ to sell intraday . GBPUSD 15 TF * We saw a rally with the bulls, strong momentum to the upside ON the 1H. * Looking at the 1H -OB, this is where I would look for short as we are rejecting upside. * Should this PD ARRAY hold will be Short for the GBPUSD. * BASED on the price action served this week. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
5
GBPUSD analysis week 33Fundamental Analysis GBP/USD resumed its upward momentum and traded near 1.2750 after an earlier decline. However, as market sentiment remained cautious ahead of the weekend, the pair struggled to gather further upside momentum and is still on track to post weekly losses. The US Dollar (USD) consolidated in a narrow range, with investors focused on the extent to which the Federal Reserve (Fed) will cut interest rates at its September meeting. Looking ahead, the next trigger for the US Dollar will be the US Consumer Price Index (CPI) data for July, due on Wednesday. Meanwhile, the Pound will be influenced by the UK Employment data for the three months ending in July and July consumer inflation data, due on Tuesday and Wednesday. Economic data will indicate whether the Bank of England (BoE) will make further rate cuts in September. Technical Analysis GBPUSD continues to trade in a wide range with the nearest support resistance in the price range of 1.281 and 1.261. On the H4 timeframe, the EMA 34 is below the EMA 89, indicating that the market structure is tilted to the downside with the lowest retracement around the support zone of 1.262. On the other hand, any daily close above the resistance level of 1.281 and a candle close above both EMAs would confirm a bullish trend with the resistance level of the week at 1.286, which is also the price range before the NFP announcement. Resistance: 1.281-1.286 Support:1.267-1.262 Trading Signals SELL GBPUSD zone 1.286-1.288 SL 1.290 BUY GBPUSD zone 1.262-1.260 SL 1.258
by TVS-Trader
1-Hour Chart Analysis GBP/USDVisit fourrades website for more details The 1-hour chart of GBP/USD shows a distinct bearish pennant pattern forming. The price has been consolidating within this structure, with lower highs and lower lows, indicating a potential continuation of the downward trend. The critical levels to watch are: Resistance near 1.2720 (upper trendline of the pennant) Support around 1.2660 (lower trendline of the pennant) If the price breaks below the lower trendline, it may signal further bearish momentum. Conversely, a break above the upper trendline could indicate a potential reversal or a temporary bullish correction.
Short
by FourtradesTV
1
GBPUSD UP GBP/USD clings to modest daily gains above 1.2700 GBP/USD breaks its three-day losing streak, trading around 1.2700 during the Asian session on Thursday. This upside could be attributed to the weaker US Dollar as the US Federal Reserve is widely anticipated to implement a more aggressive rate cut beginning in September. GBP/USD trades below the descending trend line and the Relative Strength Index (RSI) indicator on the 4-hour chart stays near 40 after testing 30 on Tuesday, suggesting that the bearish bias remains intact. In case GBP/USD confirms 1.2710-1.2700 (Fibonacci 78.6% retracement of the latest uptrend, psychological level align) as resistance, 1.2620 (static level, beginning point of the uptrend) and 1.2600 (psychological level, static level) could be seen as next support levels. On the upside, the descending trend line aligns as first resistance at 1.2750 before 1.2780 (Fibonacci 61.8% retracement) and 1.2800 (200-period Simple Moving Average).GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
by JohnHarry_7
GBPUSDOn the monthly charts we have a long term bearish scenario. After a break of structure, the price hit the demand zone and corrected for the better part of 2023. Moving down to the weekly charts, we see a mitigation of a previous supply, thereafter there was a reaction to the downside creating a bearish order flow. On the daily charts, we have correction that seems to have come to an end. We have a bearish bias with no confirmation. We are awaiting for a break of key price levels to confirm our bearish outlook. If that happens, we are targeting the demand at 1.21656. Should the market break higher, we are awaiting for it to settle at 1.20-1.30 price levels.
Short
by morrisgitau
Sell GBP/USD Triangle BreakoutThe 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 1.2760 Target Levels: 1st Support – 1.2680 2nd Support – 1.2637 Stop-Loss: To manage risk, place a stop-loss order above 1.2834. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
53