GBPUSD (D) is showing bearish signals again.GBPUSD (D) is showing bearish signals again.
Sell at current price: 1.252
Stop loss at: 1.2593
Take profit at the Fibonacci retracement(0.618): 1.2329
Capital management 2%
Gbpusdsignal
GBP/USD !! 13/12 Below the EMA supports the DOWN trend⭐️ Smart investment, Strong finance
⭐️ GBP/USD INFORMATION:
The GBP/USD is currently displaying a sideways movement while preparing for a barrage of data releases from both the United Kingdom and the United States. In the Asian session on Wednesday, it is hovering above 1.2550. The GBP/USD pair experienced significant volatility in the previous session due to employment data from the UK and inflation figures from the US.
According to the UK Office for National Statistics, the Claimant Count Change for November rose to 16.0K from the previous figure of 8.9K, but it fell short of the expected 20.3K. Additionally, the Employment Change for October decreased to 50K from the previous 54K.
⭐️ Personal comments NOVA:
The price moves below the EMA for a long time, showing that it is still in a downtrend. Along with today, there will be news that PPI is expected to benefit the dollar, negatively affecting the British Pound
⭐️ SET UP GBP/USD PRICE:
🔥SELL zone: 1.25500 - 1.25700 SL 1.26100
TP1: 1.25200
TP2: 1.24900
TP3: 1.24600
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
GBPUSD Looking BearishUpon examining the H4 chart, a significant development unfolds: the price is presently exceeding the crucial threshold of 1.2547, marking a breakthrough of the formerly recognized pullback resistance. This breakout implies a substantial alteration in market dynamics, indicating that the driving force behind the price movement is robust enough to surmount the resistance that previously induced a temporary pullback. Traders and analysts might view this progression as a potential bullish signal, as the market demonstrates strength in overcoming recent obstacles. Additional analysis, along with the consideration of other indicators, may be necessary to obtain a thorough comprehension of the current market trend.
GBPUSD Bullish Bias!GBP-USD is going down now
And the pair will soon
Retest a horizontal
Support level of 1.254
From where I will be
Expecting a local
Bullish rebound !
GBPUSD : Long Trade , 4hHello traders, we want to check the GBPUSD chart. The price is moving in an ascending channel and has pulled back to the indicated key level and has also broken the small descending channel to the upside. We expect the price to grow up to around 1.26400 and if it can break this level, the next price target will be 1.27300. Good luck.
GBPUSD Long tradeGBPUSD setup is pretty similar to EURUSD. It's approaching trendline and looks strong enough to bounce (we are also at daily support). I am entering a bit earlier, it is better to wait the break above the trendline, but i am taking the risk.
💡 GBPUSD: Continue to declineGBPUSD continued to slide in the past session, approaching the resistance level of 1.2500, which is also the target price range for previous selling positions. Hopefully, you guys can take profits in time. Next, we need to pay attention to see if the price can break 1.2500 or not. If so, the downward momentum could extend to 1.2400.
SELL ORDER - TARGET 1.2400
What is the direction of GBPUSD now that the FED has spoken?GBPUSD GBP is likely to continue its bearish trend as investors speculate that the BOE may be taking a dovish stance at the moment. In the short term, GBPUSD will come under further pressure at this week's FOMC meeting, so GU is likely to maintain its accumulation, with the risk of further decline. At the start of trading this morning, GU also showed signs of CAP tightening. Considering selling around 1.2580
GBPUSD(W) will likely fall deeply to 1.2300 in 2-3 weeksGBPUSD(W) will likely fall deeply to 1.2300 in 2-3 weeks
Last week, we could see that the GBPUSD exchange rate had a clear reaction to the 0.618 Fibonacci retracement zone of the previous down wave. ( Chart )
With weekly price reactions like this, it is likely that the exchange rate will fall to the Fibonacci retracement zone (0.238) of the down wave, which overlaps with the Fibonacci retracement threshold (0.618) of the previous up wave. This corresponds to the price area at 1.2300.
And of course, I expect that it will decrease to this price range within 2-3 candles, corresponding to about 2-3 weeks with the current price range.
GBP/USD Analysis / Buy signal Hello traders, GU retracted to a weekly FVG le leaving relative equal high and creating the sell side of the curve we could have a market maker buy model, coming to next week I would be looking for buys before doing anything or pushing any button I would be looking to shift in the structure confirming the buying program kicking in .
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 am looking for longs. I want price to continue the retracement and then I will open a long position if price rejects from bullish order block + institutional big figuer 1.25000.
Fundamental news: This week is NFP on Friday, news with important impact on USD, so pay attention to the result in order to validate the analysis.
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GBPUSD Risky Short!GBP-USD is going down
Now and the pair broke
The key level of 1.26155
Then retested and is
Going down again so
We are locally bearish biased
And we will be expecting
A further move down !
GBPUSD in long term trend, entry is in the article📈 Forex Signals – GBP/USD
📌 Last week's analysis: GBPUSD had advantages not available to buyers
👉 Main trend: Decline. This currency pair is in a strong bearish trend and could experience a strong bearish trend after several weeks of strong gains.
📊 H1 Chart: Prices are falling steadily, but not sharply. An acceleration is expected before the price decline.
🔑 Strategic trading:
Entry: approx. 1.25919 (resistance area)
SL: 1.26267
TP1: 1.24866
TP2: 1.23616
💡 Note: Always follow risk management procedures and never invest beyond your financial capabilities.
GBPUSD technical analysis December 6, 2023 and entry pointsGBPUSD: GU breaks out of bullish structure and support zone. When creating a double top model, give priority to selling out. Please pay attention to the table. GBPUSD has entered the 1.2600 zone, clearly showing a reversal trend. Ace may consider holding short GBPUSD around 1.2600-1.2630. In this scenario, we assume GBPUSD returns to the 1.2500 area.
GBPUSD: The dollar's grip on FX will weaken in 2024, poll showsThe US dollar's influence on the foreign exchange market is likely to weaken in 2024, especially in the second half of the year, according to a study by Currency Strategists. The survey, which included the views of 71 analysts, found that expected U.S. Federal Reserve interest rate cuts next year could lead to a weaker dollar against G-10 currencies. other.
The dollar, which has been a mainstay in foreign exchange markets since mid-2021, showed signs of weakness last week following dovish comments from some US Federal Reserve officials. This change in tone caused the dollar index to fall 3.0% in November, its biggest monthly decline in a year. The strength of the US economy is the main reason for the dollar's strength, with last quarter's annualized growth of 5.2%, the highest level since the final quarter of 2021. But analysts expect the dollar's weakening trend to continue next year, with most of the decline occurring by the end of 2024.
Lee Hardman, senior currency strategist at MUFG, commented on the outlook: Challenges in global economic growth outside the United States are reasons to be cautious in predicting an immediate decline in the dollar.
The dollar is expected to maintain some resilience in the first half of 2024, but strategists cannot agree on the factors that will determine its performance. Among the analysts, 20 cited interest rate differentials as potential factors, 17 cited economic indicators, seven cited demand for safe assets, and three cited other reasons.
GBPUSD Technical Analysis And Trade IdeaLately, the GBPUSD has shown a bullish trend, driven by the strength of the GBP and the relative weakness of the USD. In this video, we delve into a potential trading opportunity by examining scenarios across the 1D and 4H timeframes. We'll provide valuable insights into price action, market structure, trend assessment, and essential technical anaysis factors. However, it's crucial to emphasize that the information shared here is purely for educational purposes, and should not be misconstrued as financial advice.
GBPUSD may continue to drop!The price has recently breached the crucial daily support level of 1.26229, signaling a break in the bullish structure. Following this breakdown, there was a subsequent pullback in the price action, with a retest occurring around the resistance area of interest. This retracement was marked by a bearish engulfing candlestick, serving as a confirmation for my entry into the market.
It's essential to emphasize that today is a fundamental day, introducing an additional layer of complexity to the market dynamics. In light of this, a cautious approach is warranted, and low-risk strategies are advised to mitigate potential losses. This is particularly important to safeguard against adverse price movements that may be influenced by today's fundamental factors, ensuring prudent risk management amid the bearish bias in play.
GBPUSD → Will We Reject Here!? A Potential Drop to 1.21!GBPUSD has made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action.
How do we trade this? 🤔
It is not reasonable to short just yet because we do not have a sell signal! We're currently at the resistance level but without a confirmation of rejection, there is no justification to short without imposing too much risk. Enter after another sell signal, then 1:2 risk ratio down to the bottom of the trading range around 1.22000.
If the price breaks resistance, wait for it to confirm support on the resistance zone then look for a long entry off of a bull signal and confirmation bar.
💡 Trade Idea 💡
Short Entry: 1.26670
🟥 Stop Loss: 1.29000
✅ Take Profit: 1.22000
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Trading Range after Bull Run, Bias to Long.
2. Price Currently at Resistance Zone, Look for a Reversal Signal.
3. If Shorting, Watch the 200EMA for Support.
4. If Break Resistance, wait for New Support Confirmation.
5. RSI near 70.00, Bias to Short.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
