EURUSD and GBPUSD Top-down analysisHello 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.
Gbpusdsignal
7 Dimension Analysis For GBPUSD😇7 Dimension Analysis
Analysis Time Frame: Daily
1: Price Structure:
The current price structure is bullish, with an initial behavior of a Bullish Order Block (BoS). The move is considered corrective, and the inducement has already taken place and is now considered valid and high. There have been 2 pullbacks, and the extreme order block remains unmitigated. The daily time frame shows a confluence area of demand.
2: Patterns:
🟢TREND LINES:
Trend lines are acting as support.
🟢CHART PATTERNS:
A CIP (Change in Polarity) pattern is observed, with this supply area acting as CIP.
A V-shape swing during the corrective move indicates a rapid impulsive recovery once the low is validated.
🟢CANDLE PATTERNS:
Shrinking candles, with the 3rd candle losing size compared to the previous ones.
A doji classic pattern, with the last candle closing as a doji.
A record session count of 6 consecutive bearish candles, but the low is not yet confirmed.
3: Volume:
Average volume observed.
4: Momentum RSI:
🟢The RSI is in a bullish zone.
🟢Currently in a bullish range shift.
5: Volatility Bollinger Bands:
🟢Middle band support and resistance levels are holding.
6: Strength ADX:
Bulls are slightly stronger than bears, with a kiss and cross pattern at the moment.
7: Sentiment ROC:
The rate of change is neutral, at 50/50.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish
☑️ Entry Move: Impulsive
✔ Support Resistance Base: H1 Order Block rejection.
➕ FIB: Activated
↕️ Trend Line Breakout: Confirmed.
☑️ Final Comments: Sell for a corrective move.
💡 Decision: Sell
🚀 Entry: 1.2853
✋ Stop Loss: 1.2875
🎯 Take Profit: 1.2705
😊 Risk to Reward Ratio: 1:7
🕛 Expected Duration: 2 days
Summary: The price structure is bullish, but currently in a corrective move. The trend lines are acting as support, and a CIP pattern is observed. Bulls are slightly stronger than bears, and the RSI is in a bullish zone. Selling is suggested for a corrective move, with an entry at 1.2853, stop loss at 1.2875, and take profit at 1.2705, providing a risk to reward ratio of 1:7.
GBPUSD TRADING IDEA Hello 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
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.
GBPUSD Trading IdeaGBPUSD touch the major supply zone of 1.31 give respect and fall to touch the minor support 1.28519 and now at very important zone If break the zone then we will find the setup 1.2648 zone to open up the positions the key demand zone is 1.2380 from where we get and high reward trade,
There are some major zone from you can buy
1. 1.28519
2. 1.26480
3. 1.23800
The above mentioned zone were marked and when markets give you the evidence then open up the trade.
GBPUSD Analysis 23July2023at this time, if you look at some of the existing parameters, the price is in the SnD area and approaching the bullish trendline area. we better wait to see what will happen next week. 2 scenarios exist where the bulls are back in control or the bears are continuing the trend. better to wait for some confirmation that could happen.
GBPUSD: Bounces off over one-week low!In the Asian session on Friday, the GBP/USD pair is making a slight upward movement, distancing itself from the previous day's low of around 1.2840-1.2835. However, there isn't much momentum in spot prices and the market is currently trading near 1.2880, with a modest increase of just over 0.10% for the day.
Forex Journal #3 : GBPUSD Keeps FallingIn my journal, I'm noticing GBPUSD made a new lower low on the 4 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade.
I prefer to trade down to my weekly estimation zone 1.27620 and entering on the 4 hour timeframe to keep the stop loss small.
Trade at your own risk and risk level.
I'd love if you can reply your thoughts and like the video for more
GBPUSD Analysis. New signal!Hello everyone. I want share my idea about GBPUSD.
Few days ago I shared my idea about this pair where i said it was long but after retest some support area, i missed it but yesterday it gave me pretty good opportunity.
After big bullish scene we see some correction on this pair.
price came to daily Fibonacci LVL and we saw strong rejection, which was also liquidity swing. In my opinion this pair will retest again this zone which is from 1.287-1.280 in this zone we have at 1.284 support which is pretty strong.
Why I open long position?
Trend is in strong uptrend, it showed me new low when it touch to daily Fibonacci LVL, which then show us big spike, that means buyers still strong and big money still long.
This is my 2 scene.
1 Bearish - price coming strong down, brake all support area which is between 1.287-1.280 coming down and brake also trendline.
2 Bullish - price brake 1.30 resistance, then test 1.328 resistance which is also weekly resistance. This 2 resistance was last year when trend was bearish.
Today we have some new of USD we need to be carefully because i think today will be manipulation.
GBPUSD and GBPJPY 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.
GBPUSD UPDATES SCALPING
Previous idea made almost 200pips.
Now expecting price to continue to fall if the demand not yet accumulated with buyers.
wait for confirmation on higher timeframe atleast 4h.
This is not a financial advice .
Signal are for reference only.
Trade base on your own decissions. Follow for more solid contents. with no BS promoting others or copying others.
SHoutout to other content ideologist who copy my contents.
Sessshhhh. I dont look your idea, this is my own contributions to my followers and to my new followers.For the community of traders.
Trade base on your own understanding.
GBPUSD: CPI today with profit?After a volatile day of trading on Monday, GBP/USD is struggling to break free from the 1.3100 level on Tuesday as investors are cautious about making big moves before important economic data is released.
Although GBP/USD experienced minor losses on Monday, the improved risk sentiment in the US session helped to minimize the losses. In the morning, the UK's FTSE 100 Index rose by 0.3%, while US stock indexes remained relatively stable, which enabled GBP/USD to maintain its position.
GBPUSD Analysis 19July2023Currently the price corrected from its bullish trend after touching fibo 1.618. if we pull the fibo retracement and we look for the SnD area which is adjacent to the fibo notation, we can find that there is a possibility that the price will go to the 0.382 fibo area which is also the same area as the SnD.
Crunch Time: Will Sellers Break the Barrier? GBPUSD in Focus Traders are heavily bullish on the British pound, with net long positions exceeding a whopping $4.7 billion as of July 11, the highest level since mid-2014. Traders are ramping up their expectations for the Bank of England to implement additional interest rate hikes while increasingly under the impression that U.S. rates are on the verge of reaching their peak. Notably, the US Federal Reserve has entered a "blackout period" ahead of their July 26 meeting. As a result, this sentiment could put downward pressure on the U.S. dollar.
Meanwhile, the UK's inflation figures are a major risk event to watch for this week. Although there is an expectation for a drop in the inflation rate (from 8.7% to 8.2%), it is anticipated to remain four times higher than the Bank of England's official target. UK inflation data is due at 2 am (NY time) on Wednesday.
On the chart, the GBPUSD continues to explore lower levels following a test of a high target near 1.31465 on the daily chart last Friday. The market saw a modest corrective downward move last Friday, and again the first trading day of this week. This allowed the 20-day moving average to catch up with the price action. The big question now is whether sellers can push prices below the psychologically important level of 1.3000 ahead of the release of UK inflation data. The presence of buying pressure adds uncertainty to the situation.
GBP/USD Breakouts as UK Battles Inflation and Economic ChallengeRecent reports have indicated that the United Kingdom is facing its highest inflation levels in years, with various factors contributing to this uptrend. While this may raise concerns for some, as astute traders, we know that volatility often presents opportunities for substantial gains. The GBP/USD pair has become an enticing market to explore, reflecting the ongoing struggle between inflationary pressures and economic data.
You might be wondering, "Why should I consider adding GBP/USD market orders to my trading strategy?" Well, dear traders, the answer lies within the potential for significant profits derived from this exciting market. By closely monitoring the UK's economic landscape and keeping a keen eye on inflationary trends, we can seize the moment and capitalize on the fluctuations of the GBP/USD pair.
So, let's dive into the call to action! I encourage you to take advantage of this moment and consider adding GBP/USD market orders to your trading repertoire. By doing so, you position yourself to potentially reap the rewards of the UK's highest inflation levels and the impact of poor economic data on the pound. As we navigate these challenging times, let us remember that adversity often breeds success for those willing to take calculated risks.
To maximize your potential gains and minimize risks, I recommend conducting thorough research, staying updated with the latest news, and utilizing technical analysis tools to identify breakout points and establish appropriate stop-loss levels. Remember, knowledge is power, and a well-informed trader is successful!