GBP/USD - Potential Buy Reentry H4 TFTechnical analysis based on Basic BBMA strategies( Bollinger Band and Moving Average). This is just a potential market projection where the market price can go. Trade wisely and good luck!
Gbpusdtrade
GBP/ USD ! 11/4! Resistance H1 SELL NOW ! not NEWS GBP/USD trend forecast November 4, 2024
The GBP/USD pair rises to around 1.2970 during Monday’s Asian session, aided by a weaker US Dollar (USD). The USD faces pressure after October's soft US Nonfarm Payrolls (NFP) data, supporting the pair's gains. Following a 50 bps rate cut in September that initiated the easing cycle, the US Federal Reserve (Fed) is expected to lower rates by 25 bps in its November meeting, with markets assigning a 97% probability to this move. The Dollar weakens as traders prepare for the US presidential election and the Fed’s rate decision this week.
There was no USD and GBP news data at the beginning of the week, the price recovered and hit the H1 resistance, along with the 2nd GAP. DOWN to fill liquidity, stabilize the price trend during the week.
/// SELL GBP/USD : zone 1.29970 - 1.30200
SL: 1.30500
TP: 60 - 120 - 200 pips (1.28200)
Safe and profitable trading
GbpUsd- Preparing for reversalAs I mentioned last week, I’m closely monitoring the GBP/USD pair for a potential upside reversal.
This expectation is based on the recent overlapping decline, which is contained within a channel, as well as the proximity to a significant support level.
In recent days, the pair hit a local low of 1.2912 before reversing toward 1.3000 and beginning a consolidation phase.
I believe it’s only a matter of time before GBP/USD clears the 1.3000 mark, potentially accelerating toward a target around 1.3150.
GBPUSD: +600 Pips Buying Opportunity! Comment down your views! Dear Traders,
Hope you are having a great weekend, our latest idea on GBPUSD, sell did not go well, however, we had buy entry which went well in our favour. However, after looking at the data and how price has moved, we have possible another buy entry approaching. Wait for price to come to our area and then rebound from the area towards 1.3500.
Good luck.
GBP/USD Daily Chart Analysis: Short-Term Trend Channel: The price is moving within a downward trend channel, marked in blue. This indicates continued downward pressure in the short term.
Bullish and Bearish Scenarios:
Bullish Scenario: As shown by the blue arrows on the chart, the price might make a corrective move up toward the upper boundary of the channel. The target for this movement could be around the 1.32631 level. If this rise occurs, there could be potential buying opportunities.
Bearish Scenario: If the price reaches the upper boundary of the channel, it might encounter resistance and resume a downward trend. In this case, it could potentially drop back to the 1.2960 level or even lower to the support levels at 1.28166 and 1.26647.
Support and Resistance Levels:
Resistance Levels: The 1.33900 and 1.34450 levels are strong resistance zones. If the price reaches these levels, it may face significant selling pressure.
Support Levels: The 1.28166 and 1.26647 levels are possible support points. If the price declines to these levels, it might find upward momentum.
Risk Management: The red zone appears to be a potential stop-loss area, likely set to manage risk during the upward correction.
Trendline: The yellow trendline forms a significant support area for the price direction. As long as the price remains above this line, there’s a chance for upward movements to continue.
Overall, this analysis suggests a short-term upward correction followed by a potential continuation of the downtrend. Resistance and support levels can be monitored for entry and exit points.
GBPUSD updateThis pair formed a ascending channel formed with tree touches on the lower trend line which make it valid
So we’re waiting for a candle to close below our last touch on the trend line so we enter a short (sell) position
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GBPUSD I Swing long opportunity with upcoming fundamentalsWelcome 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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GBP/USD - Potential Sell Reentry H4 TFTechnical analysis based on Basic BBMA strategies( Bollinger Band and Moving Average). This is just a potential market projection where the market price can go. Trade wisely.
GBP USD Trade Setup Daily timeframe GBP USD has formed a break and retest pattern on the daily timeframe.
Previous resistance level turn into support level.
So we will be looking for buying opportunities from the lower timeframe.
GBPUSD - Look for Continuation Long (SWING) 1:5!GBPUSD is displaying a gradual bullish momentum following a strong upward trend on the HTF. After breaking the HTF key resistance level, it corrected to the nearest Demand Zone. On the LTF, GBPUSD appears to be accumulating before resuming an upward trend toward the Supply Zone, where a reversal market structure may form, supported by the DVX.
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!
GBPUSD Will Keep Growing!GBP-USD is going up after
The After rebounding from
Key horizontal level of 1.30222
Which makes us bullish biased
And makes us expect
A further bullish move up !
GBPUSD on the verge of getting back upAs Monday will stay bearish, Tuesday 8AM marks a turning point.
After the CCC, and after reaching the same low level or even a lower low, the price is to return to an uptrend.
GBPUSD UPDATES
Previous idea on charts is looking good 270pips downward. now I am expecting a retracement for atleast 50% since the down. target only 170pips upward. since we have CPI, I expect a positive on a dollar, then drop first before it rise up.
This is not a financial advice.
This is only base on 50% premium/discount strategy retracement!
Follow for more high quality contents over this platform.
No risk no gains.
GBPUSD GBP/USD trades with a mild positive bias but stays below 1.3100 in the European trading hours on Thursday. The pair benefits from a pause in the US Dollar uptrend, although lacks conviction, amid cautious markets, ahead of the key US CPI inflation data release.
Gbpusd GBP/USD is trading close to multi-week lows below 1.3100 in the European trading hours on Wednesday. The US Dollar adds to recent gains amid risk aversion, awaiting the Fed Minutes for a fresh directional impetus in the pair.
Confirm signal follow my chart
GBPUSD - Look for Reversal Long (INTRADAY) 1:4!A similar setup could be forming in GBPUSD, where we might catch a few pips on a buy once the price reaches the Demand Zone. Let's monitor how the market responds to this setup.
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!
GBPUSD Technical Analysis and Trade Idea👀 👉 The GBPUSD has been experiencing downward pressure lately, which may offer a potential short-term day trading opportunity. In this video, we'll take a detailed look at the price action, review the current trend and market structure, and explore a possible trade setup. Disclaimer: Forex trading involves substantial risk, and market conditions can shift quickly. The content provided is for educational purposes only and should not be considered financial advice. 📉✅
GBPUSDFX:GBPUSD Trapped within a consolidation phase around a major zone. A breakout on either side will determine our next move, until then, fingers crossed
GBPUSD - Upside move !!Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. Price rejected from bullish OB + level 1.31000, as well we have hidden divergence.
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GBP/USD "CABLE" Bank Money Heist Plan on Bearish SideHallo My Dear Robbers / Money Makers & Losers, 🤑💰
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GBP USD Trade Setup Daily timeframe GBP USD is moving in an uptrend making higher highs and higher lows,
With this bullish momentum we will be looking for buying opportunities from the lower timeframes.
To get our entry lets scale to the lower timeframe to identify chart patterns and entry confirmations.
GBP/USD Set for a Significant Break: Eyes on 1.3500 and BeyondAfter correcting from 1.3267 and testing the technical and psychological level at 1.3000, GBP/USD has started to rise again in a steady and stable manner. The pair encountered resistance just above 1.3400 and has dropped twice from that level.
However, each time, it formed a higher low and quickly reversed back toward the resistance. This pattern suggests an imminent breakout, which I expect to happen either today or by Monday.
If the breakout occurs, the next target could be the psychological level at 1.3500, followed by the technical resistance around 1.3650.
