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Gbpusdtrade

GBPUSD - Short active ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price filled the imbalance and mitigated bearish order block. Fundamental analysis: This week on Wednesday will be released monthly GDP on GBP, as well monthly and yearly CPI on USD. Pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
GBPUSD: Analysis and ThoughtsToday's focus: GBPUSD Pattern – LH low test Support – 1.2456 Resistance – 1.2510 Thanks for checking out today’s update. Today, we have run over the GBPUSD, breaking down the overall price picture and levels and incorporating moving average and RSI into the analysis. The GBPUSD continues to push lower after yesterday’s session. Price created a new LH and has moved back down to a minor level of support and started to test that area today. Sellers could be looking at a new leg lower if they can clear that area with a firm close lower. The RSI has moved lower and remains below the 50 point. The moving average also backs up seller momentum with its current slope. If buyers can reject a push lower with a failed low, that’s a worry for seller strength. To show sellers are in control, we would like to see a new firm low and further selling, possibly testing 1.2365. Have a great day and good trading.
Short
by Eightcap
GBPUSDPrice have been in a bearish momentum for a while now. Although it is too early to say, price looks like it is forming a double bottom at this time and if that holds, we just might see a push up towards the 1.27500 area. But then again, it is too early to decide that as price could continue to push lower. Before I make a trading decision, either bullish or bearish, here is what I would love to see: I will go long IF AND ONLY IF Price breaks above the immediate resistance around the 1.25003 area and retests same zone. I will short the market IF AND ONLY IF Price breaks below the immediate support around the 1.24507 and retests same zone Until either one happens, we keep the fingers crossed and wait for the move. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
by Mbjoey
GBPUSD, Further ShortOn the Weekly time frame, the last two daily candles closed below the EMA-200 dynamic support in a descending price channel within a monthly falling wedge. There was a breakout of the falling wedge which under normal circumstances would have been a bullish start at the base of it, but this decline was as a result of the rising DXY index over the week past. The retest into the wedge by the last daily candle was resisted by the EMA-200 support. This signifies huge declines in the coming days. The upside swing of the DXY index is also evident backing further declines of the GBPUSD. Resistance: 1.25331 Support: 1.23083, 1.22743, 1.21523
Short
by AbeikuGlobal_FX
1
GBPUSD: 500 PIPS SETUP❤️Dear Traders, USD has been strong lately and market has been messy due to recent economic data, however, after todays strong GBP news we think in coming weeks GBP will be extremely bullish whereas we expect DXY to remain bearish for longer term. Let’s wait and see how it works out. Our main aim here is to wait for price to come to our area which has higher possibility that it may drop hard later this week. If not price may break -through trend-line.
Long
by Setupsfx_
39
GBPUSD Technical Analysis and Trade IdeaThe GBPUSD currency pair is currently experiencing downward pressure and has reached a significant support level. In the accompanying video, we will explore a couple of trading ideas that relate to a potential selling opportunity. Our discussion will encompass various elements of technical analysis, including analyzing the prevailing trend, assessing price action, evaluating market structure, and addressing other critical aspects. I want to emphasize that the video content is provided for educational purposes only and should not be considered as financial advice. Trading in the currency markets carries inherent risks, so it is imperative to implement robust risk management measures to safeguard your capital.
Short
by fxtraderanthony
GBPUSD 30M ZONE MARKINGSupport Levels: Support 1 @ 1.25490: Our journey begins with Support 1, nestled at 1.25490. This level is the first line of defense for GBP/USD traders. Historically, this is where the price often finds buying interest, potentially signaling a reversal of any downward movement. Traders should keep a watchful eye on this level, as a breach below it could suggest an increase in bearish pressure. Support 2 @ 1.25276: Moving deeper into the chart, we encounter Support 2 at 1.25276. This level holds significant historical importance in reversing the price's direction. Should Support 2 be breached, it might indicate the potential for a more substantial downward move. Resistance Levels: Resistance @ 1.26330: On the flip side, we find a key resistance level at 1.26330. This level acts as a formidable barrier on the hourly GBP/USD chart. Resistance levels are where the price often faces selling pressure, potentially leading to a reversal of its upward momentum. Traders should pay close attention to this level, as a decisive move above it could signify a bullish sentiment in the short term. Resistance @ 1.26430: Continuing our exploration, we come across Resistance @ 1.26430. This is another critical point of resistance that GBP/USD traders should keep on their radar. Multiple resistance levels in close proximity can reinforce the overall resistance zone. A breakthrough above this level could further strengthen the bullish outlook. Conclusion: In the ever-evolving world of forex trading, grasping support and resistance levels is akin to having a roadmap through turbulent terrain. The GBP/USD market, with its unique dynamics, demands that traders carefully observe the identified support and resistance zones highlighted in this analysis. However, it's crucial to remember that the forex market is in constant flux, influenced by a multitude of factors such as economic data releases, geopolitical events, and market sentiment. Therefore, while support and resistance levels offer invaluable insights, traders should complement their analysis with a diverse set of technical and fundamental indicators to make well-informed trading decisions. Above all, effective risk management is vital when trading forex. Traders should employ stop-loss orders and prudent position sizing to manage risk and safeguard their capital. Furthermore, developing a well-defined trading strategy and adhering to it is the cornerstone of consistent success in the world of forex trading. With these tools in hand, traders can navigate the GBP/USD chart with confidence, seizing opportunities while minimizing risks.
by enclavefx_Analaysis