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Gbpusdtrade

GBP/USD imminent shorts back down or sell from 1.30000My analysis for GBP/USD (GU) this week is bearish due to the current mitigation of the daily supply zone. As price is within this zone, I will be looking for price to distribute and then enter short-term sells. Since price is already in the zone but hasn't yet touched the refined zones, I may wait for price to mitigate deeper. Around the 1.30000 mark, there's a refined supply on the 19-hour time frame. From there, it would be a more ideal place to sell. If price starts to sell off from this level, I will target the next demand zone, allowing me to buy back up again since the current trend is still bullish. Confluences for GBP/USD Sells are as follows: Price has been very bullish recently, and bullish pressure is getting exhausted. There is a strong supply zone on the higher time frame sitting at a psychological level. Price has left a lot of imbalances and liquidity below that needs to be addressed. This outlook aligns with the expectation of the DXY increasing slightly. P.S. If price doesn't sell off on Monday, I can expect price to consolidate a little and push a bit higher to mitigate the daily supply zone more deeply.
Short
by Hassan_fx
GBPUSD - Look for Continuation Short (SWING) 1:5!The price has clearly broken the HTF trendline and is making a significant correction towards the highest supply zone, taking orders before continuing the bearish trend. Expect slower market movement as most orders have been closed for profit-taking, and no major impact news remains except on the CAD pair, which may slightly affect the USD. Regardless of the situation, proper risk management is essential! 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!
Short
by S-Fx_
4
7 Dimension sell setup for GBPUSD Core Analysis Method Smart Money Concepts 😇 7 Dimension Analysis Time Frame: 15 min 1: Swing Structure: Total bearish with BOS. Took the inducement, and the corrective swing move is almost complete, mitigating extreme POI OB, FVG, and liquidity from the premier zone. Going short with regular SMC. Strong resistance and supply are resting here. 2: Pattern 🟢 CHART PATTERNS Reversal: Double top 🟢 CANDLE PATTERNS Record session count and shrinking candles confirm with change of guard. 3: Volume 🟢 Very substantial volume at the point but unable to break the structure, indicating profit booking at the point. 4: Momentum RSI 🟢 In bullish zone at overbought level at 80, expecting a reversal. 5: Volatility Bollinger Bands 🟢 Expansion is about to finish now with squeeze breakout and walking on the band, we expect a down move here. 6: Strength Bulls are in power but it's about to be overbought again. 7: Sentiment Strong sell ✔️ Entry Time Frame: 15 min ✅ Entry TF Structure: Bearish 💡 Decision: Sell right now 🚀 Entry: 1.2817 ✋ Stop loss: 1.2842 🎯 Take profit: 1.2668 😊 Risk to reward Ratio: 6RR 🕛 Expected Duration: 2 days SUMMARY: The analysis supports a sell position based on Smart Money Concepts methodology, with the structure, volume, momentum, volatility, and sentiment indicating a bearish move.
Short
by Optimum369
GBPUSD, Time for upward correction ?Hello Traders hope you are doing great. for upcoming days, I think we'll probably see an upward correction to specified dashed line, we also have a regular divergence on 4H time frame and a Hidden Divergence on Daily. so with a proper trigger, we can open a long position. and finally tell me what do you think ? UP or DOWN ? Leave your comment Below. If this post was helpful to you, please like it and share it with your friends. THANKS.
Long
by aminrzb
3
GBPUSD UP GBP/USD clings to modest daily gains above 1.2700 GBP/USD breaks its three-day losing streak, trading around 1.2700 during the Asian session on Thursday. This upside could be attributed to the weaker US Dollar as the US Federal Reserve is widely anticipated to implement a more aggressive rate cut beginning in September. GBP/USD trades below the descending trend line and the Relative Strength Index (RSI) indicator on the 4-hour chart stays near 40 after testing 30 on Tuesday, suggesting that the bearish bias remains intact. In case GBP/USD confirms 1.2710-1.2700 (Fibonacci 78.6% retracement of the latest uptrend, psychological level align) as resistance, 1.2620 (static level, beginning point of the uptrend) and 1.2600 (psychological level, static level) could be seen as next support levels. On the upside, the descending trend line aligns as first resistance at 1.2750 before 1.2780 (Fibonacci 61.8% retracement) and 1.2800 (200-period Simple Moving Average).GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
by JohnHarry_7
GBPUSD Weekly Analysis and OutlookGBPUSD Weekly Analysis and Outlook This week, the GBPUSD pair has shown a marked downward trajectory, closing in a bearish continuation phase. This downward momentum reflects a negative sentiment among traders, suggesting further potential for decline. Current Market Overview: The pair has been steadily descending, supported by unfavorable market conditions and bearish sentiment. As it approaches a key resistance zone, traders should closely monitor the price action. A successful rejection at this resistance would likely confirm the continuation of the bearish trend. Expectations and Potential Scenarios: Upon hitting the resistance zone, we anticipate that the GBPUSD will continue its downward momentum. This rejection could open the door to lower levels, offering traders potential opportunities to capitalize on the bearish trend. Primary Expectation: If the resistance holds and the price is rejected, it is likely to sustain its downward movement, potentially targeting lower support levels. This scenario would reinforce the bearish outlook, making it a favorable environment for short positions. Alternative Scenario: However, if the price encounters strong buying pressure and breaks above the resistance, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at higher levels before the bearish trend resumes. Conclusion: In summary, the GBPUSD pair is poised for further downward movement following its recent bearish phase. Traders should watch for a decisive rejection at the resistance zone, which could serve as a catalyst for continued declines. Maintaining awareness of both bearish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly. By Piptera Digital Solutions, Invest Wisely!
Short
by Piptera-Digital-Solutions
GBPUSD I Potentially headed towards support 1.2620Welcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
2
GBPUSD - Long active !!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 position. I expect bullish price action as we have on D1 hidden divergence and on H1 regular divergence. Fundamental news: Today (GMT+3) we have NFP day in USA, also Unemployment Rate results, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
GBPUSD ( BREAKING EACH TURNING LEVEL DETERMINE DIRECTION ) (4H)GBPUSD HELLO TRADERS Tendency , the price inside two turning level around 1.273 & 1.278 . TURNING LEVEL (1) : the price of this level at 1.278 , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 1.273 , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 1.283 , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 1.292 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : this level around 1.266 , for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 1.261 , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : currently price 1.274 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1). TARGET LEVEL : RESISTANCE LEVEL : 1.283 , 1.292 . SUPPORT LEVEL : 1.266 , 1.261 .
by ArinaKarayi
GBPUSD Sell | Trade Setup AnalysisGBPUSD is moving in an ascending channel between the trend lines. The price has reached the resistance level, which has already acted as a reversal point. We expect a decline. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
1
GbpUsd- Back above 1.3?In my previous GBP/USD analysis, I highlighted the important 1.2850 support zone. Yesterday, the pair fell below this support; however, sellers couldn't push the price down significantly, and a strong floor was found at 1.28. The recent drop from above 1.3 appears corrective in nature, overlapping and resembling a falling wedge with a false break below support. Considering yesterday's price action, I anticipate a reversal. Confirmation of this reversal comes if GBP/USD moves above 1.2870. In that case, we can consider 1.28 a low and expect the price to continue rising back above 1.3.
Long
by Mihai_Iacob
6
GBP USD GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. Confirm signal
Short
by JohnHarry_7