GBPUSD to Possibly Fall of A Cliff (SELL OPPORTUNITY)Hey guys, what's up Brandon here - So I just entered a sell on this pair (GBPUSD) and I briefly Breakdown as to why I took it
If we look at the details - everything aligns with sells nicely as the momentum is bearish on almost all timeframes with only 1 or 2 suggesting buys
Now on the few timeframes that may be suggesting buys we have to take into consideration that that could be an induction to buy because GU is a bearish market - and my question is why oh why?....Would you want to buy in a bear market
I don't think this ever makes sense because in essence what you are really doing is - believe it or not...CALLING A BOTTOM
And why would you call a bottom when the market is dropping?
I'll take my chances with the sell - I'm prepared to lose as that is one of the things that just comes with the territory so it is what it is
Let me know what you guys think
Gbpusdsignal
GBPUSD - Still bearish ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are still in a bearish market structure from 4H timeframe perspective, so I am looking for a short position. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 1.22500.
Fundamental analysis: This week we have a lot of important news on USD. Will be released Interest Rate followed by FOMC Meeting on Wednesday and on Friday NFP day. As well, on Thursday we will see the result of Interest Rate on GBP. Pay attention to the results in order to validate the analysis and try not to trade during the release of the news.
Like, comment and subscribe to be in touch with my content!
GBP/USD probable double bottom set-upDear traders, we have the probable formation of a double bottom
pattern in the daily chart. In addition, we also have a bullish reversal
candlestick in the daily timeframe.
A combination of these two factors gives us a reversal bias in GBP/USD.
As per my previous trade idea, I have bought GBPUSD@1.2090 with SL below 1.20
and TP at 1.2350 is on my mind.
GBPUSD 4H : Show bearish tendency GBPUSD
New forecast
The GBPUSD is trading with quiet negativity to test the 1.2104 level, and the price needs to breach this level and stabilize below it to confirm the continuation of the expected bearish wave, which aims the 1.2062 level as the next main station.
Therefore the downward trend scenario will be remain valid supported by Moving average 50 continues to support the expected downward trend, taking into account that breaching 1.2125 and holding above it will stop the proposed decline and push the price to attempt recovery.
The expect range trading for today it will be between the resistance line 1.2156 and support line 1.2062.
support line : 1.2104 , 1.2062
resistance line : 1.2155 , 1.2192
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD SELLING MORE TILL STRONG SUPPORT ZONE !!!HELLO TRADERS,,
As i can see this chart GBPUSD is still showing us a bearish trend continuation with technical view we always try to draw a very simple chart for our community to understand levels and trends easily we appreciate Ur support and love kindly share Ur trade ideas with us so it will be help full for trader community ...
Stay Tuned for more updates
GBP/USD probable double bottom set-up in the daily chartDear traders, we have the probable formation of a double bottom
pattern in the daily chart. In addition, we also have a bullish reversal
candlestick in the daily timeframe.
A combination of these two factors gives us a reversal bias in GBP/USD.
A potential long entry in GBPUSD@1.2080-1.2110 with SL below 1.20
and TP at 1.2350 is on my mind.
GBPUSD | Perspective for the new week | Follow-upDespite a setback in UK Retail Sales last Friday, where September's retailers' receipts fell by -0.9% against the expected -0.1%, the Pound Sterling is finding its footing amidst a weakening US Dollar (USD). As it finds demand around the $1.21000 area; the GBPUSD pair is capitalizing on the current market conditions, aiming to secure gains in the face of global uncertainties.
Looking ahead, market enthusiasts are eyeing Tuesday's UK Labor and Purchasing Manager Index (PMI) figures. Forecasts suggest a decline of 198K job additions in August, a slight improvement from July's -207K. Additionally, there is optimism for an uptick in the UK preliminary PMI, with the PMI Composite expected to print at 48.8, compared to the previous 48.5.
Federal Reserve (Fed) Chairman Jerome Powell's recent comments regarding significant tightening in financial conditions, particularly with higher bond yields, might influence policy decisions, potentially weakening the US Dollar. However, it's essential to acknowledge the ongoing Israel-Hamas conflict, which could prompt investors to seek refuge in safe-haven assets, possibly bolstering the USD against its counterparts.
As we step into the new week, we approach the market with flexibility, keeping our strategies adaptable to changing scenarios.
GBPUSD Technical Analysis:
Will the pound find solid support at the $1.2000/$1.18000 zone, or are we heading towards a potential breakdown and a possible sell-off? The stakes are high, and we're on the edge of our seats!
The spotlight is on high-impact economic events from both the US dockets for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities.
In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure.
Keep a close eye on that critical confluence at $1.21800. It's a decisive moment where both sellers and buyers are vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days.
Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading!
Disclaimer:
Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy.
It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it.
Please note that past performance is not necessarily indicative of future results
GBPUSD 4H completes a negative combinationHello traders,The pound sterling pair against the dollar shows more bearish tendency to exceed the 1.2100 barrier, reinforcing expectations of a continuation of the downward trend during the coming period, and the way is open to achieving our expected negative target at 1.2049 , noting that breaking it will extend the bearish wave to reach the 1.2000 areas in the near term.
The moving average 50 constitutes negative pressure that supports the continuation of the proposed bearish wave, which will remain in place provided it remains below 1.2110, as breaching this level represents a positive factor that will lead the price to recover again and head towards 1.2139 and then 1.2171 as major positive stations.
Pivot Price: 1.2100
Resistance prices: 1.2139 & 1.2171 & 1.2221
Support prices: 1.2049 & 1.2000 & 1.1949
The general trend expected for today: bearish
Sell Under
tp:1.2049
GBP/USD Buy Idea 24/10/23Trade Details
Buy Limit
Entry: 1.21505
Take Profit 1: 1.22117
Take Profit 2: 1.22882
Take Profit 3: 1.23374
Stop Loss: 1.21318
Key Notes
Order flow: Bullish
Trend: Bullish
Structure: Broken
Entry at Golden Zone
Disclaimer:
This is just a sample template and should not be used as financial advice. Always do your own research before making any trading decisions.
GBPUSD LONG TERM BUY Trading IDEAHello 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 4H : Try to retest and then rise upGBPUSD
New forecast
The pound sterling pair against the dollar achieved a strong breach to the level of 1.2216 to cancel the head and shoulders pattern and head towards recovery in the coming sessions, approaching the level of 1.2270, which represents the 23.6% Fibonacci retracement level of the decline from 1.3142 to 1.2037, and we are likely to breach this level to achieve further gains that reach 1.2037. 1.2310, and breaking it will reach 1.2370 in the near term.
Hence, an upward trend will be expected during the coming sessions, which may be preceded by some sideways fluctuation, taking into account that failure to breach 1.2270 and hold above it will stop the positive scenario and put pressure on the price to decline again . so it is possible to retest to 1.2216 and then rise up therefore the main condition to be continue at the bullish trend is stability above 1.2270 and then our target will be activate .
The expect range trading for today it will be between the resistance line 1.2270 and support line 1.2216.
Additionally ,Today News will affect the market .
support line : 1.2216 , 1.2192
resistance line : 1.1.2270 , 1.2310
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
300 Pips bullish target for GBP/USD, time to buy?Hello traders, we are finally seeing some signs of a bullish reversal
in GBP/USD.
📌If you notice the daily chart, we have a couple of daily candles
with long wicks at the bottom which indicates buying pressure.
📌If the support at 1.21 holds, you can expect more upside momentum
to build up in the coming days.
📌 My recommendation is to buy the dips in GBP/USD near 1.21 level
with 1.2450 as the initial TP.
GBPUSD: 19/10/2023: Is it bullish? (Please read the caption)Well, the price swiped liquidity below the previous lower low and had a bullish reaction.
Now if the price can stay above 1.20900 we can expect more upward move.
Please pay attention to the details on the chart.
💡Wait for the update!
🗓19/10/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
GBPUSD 4H : Support further decline GBPUSD
New forecast
The British pound against the dollar pair finds it difficult to stabilize below the 1.2141 level, trading positively and testing the moving average 50 again, which forms a continuous resistance against the price, waiting to stimulate the price to resume negative trading and break the mentioned level to rush towards the 1.2106 levels and then 1.2016 as the next main targets.
Therefore, we will continue to favor the downward trend for the coming period, provided that the price maintains its stability below the 1.2216 level also its possible to retest to 1.2216 and the drop again .
The expect range trading for today it will be between the resistance line 1.2216 and support line 1.2106.
support line : 1.2141 , 1.2106
resistance line : 1.2192 , 1.2216
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD LONG TERM BUY Trading IDEAHello 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 Short traders looking profitable upto 1.24 {16/08/2023}Educational Analysis says GBPUSD may go Short according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why Short?
Because GBPUSD Short traders have already broken the 4-hour Upward Bottom trendline and now Top Downward trendline is being respected.
Although this pair has proved that, It's Changing its character and Also Sellers proved that the Market structure shifted and eventually lead to a Break of Structure.
Analytical Trade would probably be
Sell limit order at 1.27625
Stop loss at 1.27878
Take profit at 1.24462
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.