Gbpusdtrade
GBPUSD - Long to the imbalance ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from higher timeframe perspective, as well price rejected from bullish order block, so I am looking for longs. I see price to take liquidity above equal highs and to fill the imbalance.
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GBPUSD ascent is overHello, traders. According to my analysis of the GBPUSD pair. There is a high probability of going down. With the price reaching a very strong resistance. At the level of 1.26300. There is also a trend of the ascending channel that came in this area. The candles are very negative for the daily time frame. They indicate the strength of the sellers. good luck for everbody .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
GBPUSD 3June2023if you look at the current falling price, it is possible that wave b is still not complete. this swing that occurred formed an FTR (failed to return) pattern, the price failed to return to the SnD area. be careful if you want to sell, in my opinion it is better to wait for the price to rise back to the SnD area.
GPBUSD We could see more continuation to the downside(130pips)The main idea of this analysis begin with an important low that have not been liquidated yet. The monthly low of April 3, 2023 is where the price is moving to in short term. Before the price make a reversal to start moving higher this important level needs to be liquidated.
Fundamentals
Odds are highest for an agreement late tonight or tomorrow, Goldman said, enabling a House vote on Tuesday or Wednesday. The GOP warned a “lot of hangups” remain.
A soonest all this process is complete we could expect a stronger dollar. The market has been very optimistic which had make the dollar strong this past few weeks. With the dollar getting stronger this move that we are expecting is more likely to happen.
Monthly
The price is currently making higher highs. In this time frame we have bullish structure. This bullish structure goes against our bearish analysis. This doesn't means anything because we are waiting a short term move. Also, the price has more room to make a deeper correction.
Weekly
The price is currently making is correction for a possible continuation to the upside. There is more room for the continuation keep continued lower.
Daily
Price is currently in a downtrend making lower lows. The price is currently making a correction for a possible continuation to the downside. The price before making any reversal will try to get the most liquidity it can. Before any changes in trend the price will get to the level we want it.
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.
GBPUSD Heading downhello, according to my analysis of gbpusd pair. The pair is still in a negative position, with breaking the strong support at 1.24000. With a negative candle on the daily frame. The pair is heading to the 1.2200 area. good luck for everbody. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
GBPUSD: Bears are still too strong!TECHNICAL ANALYSIS
If GBP/USD climbs above 1.2380, which is the 20-period SMA and the upper limit of the descending channel, and utilizes it as support, it may face temporary resistance at 1.2400 and 1.2420 before aiming for 1.2450, which is the Fibonacci 23.6% retracement of the latest uptrend.
If it goes downwards, the first support is at 1.2330, the midpoint of the descending channel, followed by 1.2300 and 1.2240, which are the psychological level and Fibonacci 50% retracement respectively.
GBPUSD LONGGU has been falling down and closing low for 4 consecutive days.
probability of having a 5th red day is ~4.86 %
with that on our side and PD buyers gaining control over sellers
with sentiment line rising towards buy zone,
we have good EV to go long as the price clears and opens above PD POC.
not tagged in the position. will wait for confirmation first.
will update once tagged in.
GBPUSD: The influence of USDGloomy forecast point to ongoing pressure on the Pound
The UK economy is facing several challenges such as strikes, unresolved Brexit issues, low productivity, and negative forecasts from the International Monetary Fund. The Bank of England (BOE) has acknowledged these issues, adding to the gloomy outlook. This will likely continue to weaken the Pound for a longer period.
Plan trade in the intro