GBPUSD Prediction H1Here is my analysis for GBPUSD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Gbpusdtrade
GBPUSD SELLER and Buyers LIQthe price is currently goining up. poeple think the orderblock is filled. we will see 1.26 this week. try to buy around here. we wil quickly respect the fibbo 0.618 level after hitting 1.26
GBPUSD 29June2023price is currently at strong support, D1 support and SnD H4. there is also a bullish rejection candle. however there is no sign of bearish weakness yet.
there is still a possibility of prices heading to the 0.382 fibo area where the area is also the SR Flip area.
GBPUSD Forecast 25June2023the price at the close of the week was in the daily SnD area and right on the SR Flip. if you look at the pattern that occurred, it could be a diamond pattern. it is likely that the price will rise again with the invalid area limit below
GBPUSD Trade SETUP H4GBP/USD closed at the 1.2716 level. Based on my limited knowledge, the support area for GBP/USD is at 1.2700. If it breaks, the market may move towards the next support area at 1.2600. Similarly, the resistance area for GBP/USD is at the 1.2775 level. If it breaks, GBP/USD may reach 1.2850. Keep an eye on these levels. If a candle rejects the resistance area, you can sell and set the take profit at the support level. A stop loss of 35 pips is recommended. I hope your trades turn out to be profitable.
Disclaimer: The information provided is for educational purposes only and should not be considered as financial advice. Trading involves risks, and decisions should be made based on personal judgment and analysis.
GBPUSD 23June2023Currently the price is forming a bearish channel, sometimes I call it compression. usually if there is price compression like this, it will look for the strongest support area before continuing the impulse wave.
if you see the red area as daily support & fibo retracement area that intersects with each other, then there is a high probability that the price will respond positively to the area before continuing its bullish trend again.
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.
Resistance at 1.267: Key Level to Watch After BoE Rate Decision The UK continues to struggle with high inflation, as demonstrated once again this morning when headline inflation exceeded expectations at 8.7%, surpassing the projected 8.4%. Core inflation also outperformed, registering a 7.1% figure compared to the expected 6.8%. This divergence emphasizes the contrast between the UK and its counterparts in the US and Europe.
Tomorrow, the Bank of England is set to announce its interest rate decision, and there are expectations of further tightening from the central bank. Given the elevated level of inflation, the bank may have little choice but to maintain a hawkish stance.
Last week, the GBPUSD initially tested the support level at the previous resistance of 1.250. However, that brief decline was followed by four consecutive days of significant gains, ultimately reaching a new high for the year.
There was a temporary resistance encountered at a critical level of 1.267. Following tomorrow's rate decision, this level could potentially act as a support area, particularly considering the slight pullback observed in recent days and the elevated RSI (Relative Strength Index).
On the other side of the trade, we have Federal Reserve Chair Jerome Powell's comments on the central bank's ongoing battle against inflation falling short of the market's more hawkish expectations.
During his testimony to lawmakers, Powell acknowledged that inflation remains significantly above the Fed's target and indicated that raising rates could still be a sensible course of action, albeit at a more moderate pace. Traders particularly took note of the term "moderate," which Powell used to qualify the potential rate increases. We still have one more day of testimony from Powell.
Is GBP/USD uptrend slowing down? + 414 Pips sell potentialDear traders, it seems like GBP/USD uptrend might finally be slowing down.
Post FOMC, price might have done a false break of the upper trend line .
So, if that's the case, we can expect GBP/USD to decline in the next few days .
Potential targets for the sellers are 1.27, 1.2580 and 1.2390 eventually.
GBPUSD - Long from discount zone ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs from discount zone. My point of interest is if price makes a retracement and then rejects from bullish order block. Another confirmation from that zone is volume profile.
Fundamental analysis: This week we have news on GBP. On Wednesday will be released yearly CPI and on Thursday Interest Rate. Pay attention to the results in order to validate the analysis, as these news are one of the most important.
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GBPUSD BullishDXY (Dollar Currency Index) is taking its support and chances to reach back to its resistance, if this happened then obviously GBPUSD fall first and then rise again.
GBPUSD Analysis H1Here is my analysis for GBPUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPUSD BUYHi, according to my analysis of the GBPUSD market, there is a high potential for an uptrend. With the bearish flag broken. We also see a bullish channel forming. The price is now trying to breach the resistance at 1.25400, good luck to everyone .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
Finally GBP ShortGBPUSD created a bearish butterfly pattern on 1.42; Now expected a short to 1.261xx
GBPUSD 16June2023D1 GBPUSD analysis shows price chasing the 0.786 fibo extension area. the area is also a price target exposed to imbalance.
GBPUSD Analysis H4Here is my analysis for GBPUSD on H4 by using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBP/USD potential sell set-up: +310 Pips Dear traders, after the FOMC event yesterday, GBP/USD pulled back from
the highs. If we look at the daily chart, GBP/USD has not managed to break
the resistance level so far.
So, we can continue to look at the price action for a couple of days. In case
price doesn't break the resistance level and we see the formation of bearish
candlesticks in the resistance level, selling GBP/USD@1.2680-1/27 with
SL above resistance and TP at 1.2350 would be a potential sell set-up .
GBPUSD | Cup and handle Entry for buy at the breakout of the level. As cup and handle pattern is formed. Wait for the breakout and then buy.
GBP/USD Analysis : Sell after FOMC?Dear traders, as I mentioned in my previous idea GBP/USD is slowly
moving towards the 1.2680 resistance level.
So, it would be better to wait and watch the price action at this level before
executing any trades. Also, keep in mind that we have the FOMC event
later in the day which could lead to a lot of volatility in GBPUSD pair.
In case we can see the formation of bearish price action at the resistance
level, selling GBP/USD@1.2680 with SL above resistance and TP at 1.2350
is a potential sell plan . Keep in mind this set-up is speculative and it will
depend on price action whether this trade is executed or not .
GBPUSD Ready To ShortGBPUSD create a triple top pattern And anticipated short from 1.265xx to 1.237xx to 1.164xx in the long run.
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.
Potential Short Trade Opportunity in GBP/USD - Targeting DownBased on analysis, an intriguing opportunity has surfaced for a potential short trade in the GBP/USD currency pair. The suggested entry level for sellers is at 1.26100. 📉💰
To maximize profit potential, three take-profit levels have been identified:
🎯 Take Profit 1 (TP¹): 1.25800
🎯 Take Profit 2 (TP²): 1.25500
🎯 Take Profit 3 (TP³): 1.25200
These targets aim to capture the expected downward momentum in the market. 🎯💥
To manage risk, it is crucial to set a stop-loss (SL) level at 1.26700. This will help safeguard against potential adverse price movements. 🛡️⚠️
It is important to note that market dynamics can change unexpectedly, so it is vital to stay alert and adapt your trading strategy accordingly. Use your own discretion and adjust the stop-loss and take-profit levels based on your risk tolerance and trading plan. ⚙️💪
Successful trading requires careful analysis, effective risk management, and disciplined execution. Wishing you the best of luck and successful trades! 📊💼✨
#TradingView #GBPUSD #ShortTradeOpportunity #TakeProfitTargets #TechnicalAnalysis #MarketAnalysis #RiskManagement #TradingStrategy #ForexTrading
GBPUSD 13June2023if you look at the existing curves, there is indeed a possibility for prices to continue to bullish to the SnD area, my analysis still hasn't changed. I still see this pair in a correction period. the upper limit is the invalid area, as long as the price does not rise more than the invalid area, it is better to look for opportunities to short.
