GBPUSD - Look for Continuation Long (SWING) 1:3.5!GBPUSD is closely related to XAUUSD and the DXY basket of six pairs, providing excellent confluence and confirmation opportunities for trading pairs against USD. Currently, GBPUSD has created a new high and is correcting to the nearest RBS Zone, a demand zone, indicating a potential continuation of the bullish momentum in the higher timeframe. The price doesn't seem likely to yield to sellers soon, especially considering the FED's recent decision to freeze interest rates. This suggests a forecast of continued upward movement supported by strong bearish signals and a few high-impact USD news events this week.
We'll need to observe how the market reacts to these sentiments and news impacts. Regardless, it's crucial to manage your risk wisely and wait for a clear market structure before making any moves.
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!
Gbpusdtrade
GBPUSD I Price in correction and headed for support buy zoneWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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GBPUSD:300+ Pips A Great Buying Opportunity!Dear Traders,
GBPUSD has recently completed its corrective phase and is currently poised to establish a new yearly high. The overall bullish trend remains intact, and we anticipate further price appreciation in the coming days. However, it is important to note that several significant news events are scheduled for this week and next, which could introduce volatility into the market. Therefore, we recommend employing prudent risk management strategies when trading this pair.
Good luck and trade safe!
GBP/USD !! Touching the EMA, the price decreases⭐️ Smart investment, Strong finance
⭐️ GBP/ USD INFORMATION:
The Pound Sterling (GBP) fails to extend a slight recovery above the immediate resistance of 1.2930 against the US Dollar (USD) in Monday’s European session. The near-term outlook of the GBP/USD pair has become uncertain after a corrective move from an annual high of 1.3044 recorded last Wednesday. The Cable faced selling pressure as improved speculation for Donald Trump winning United States (US) presidential elections this year prompted the US Dollar’s appeal.
⭐️ Personal comments NOVA:
Notice that the H1 frame touching the EMA is still in a downtrend - SELL NOW price range 1.29300
🔥SELL GBP/USD zone: 1.29300 - 1.29500 SL 1.29800
TP1: 1.29000
TP2: 1.28600
TP3: 1.28300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
7 Dimension Buy Setup For GBPUSD Core Analysis Method: Smart Money Concepts
😇7 Dimension Analysis
Time Frame: 15 minutes
1: Swing Structure: Current structure shows a Bearish Side CHOCH, but in a broader view, this is just a liquidity sweep character. After tapping the liquidity area, the price gives a strong MSS and inducement. After that, the price also takes this minor structure POI and now starts an upward move again. At the same area, the price also sweeps the previous day's low liquidity.
🟢 Structure Behavior: Bullish
🟢 Swing Impulsive Move: Just started
🟢 Internal Structure: Bullish
🟢 Liquidity area sweep acts as POI in a powerful discounted zone
2: Pattern
🟢 CHART PATTERNS: No considerable pattern found here
🟢 CANDLE PATTERNS: After a Record Session count, the price makes a correction within the candle pattern. During correction at the same level, the price also makes a shooting star, ending the correction sign of the candle. Within the shooting star, an inside bar or narrow range is created, most probably it will break to the upside.
3: Volume
🟢 During the correction phase of the 15-minute structure, very low volume is observed in this corrective move. But now, when it touches the POI, a significant increase in volume bars is seen, indicating some big activity at this point.
4: Momentum RSI
🟢 In bearish to sideways zone, need to wait for confirmation of the range shift. At the same level, it also has an 80% confirm signal called RSI loud moves in the bullish side and 7* signal Grandfather father son entries (Andrew Cardwell RSI Concepts).
5: Volatility Bollinger Bands
🟢 At this point, expansion might be ending; now the price might take some rest before starting its move.
🟢 A bullish head fake also at the POI makes this area more attractive for buying.
6: Strength: GBP is stronger than USD in this time frame.
7: Sentiment: All sentiment indicates a strong buy.
✔️ Entry Time Frame: 15 minutes
✅ Entry TF Structure: Bullish
✔ Entry Time POI: FVG OB LIQ Everything confirm and mitigated
☑️ Trend line breakout: Confirm
💡 Decision: BUY
🚀 Entry: 1st 1.2962, 2nd 1.2941
✋ Stop loss: 1st 1.2923
🎯 Take profit: 1.3060
😊 Risk to reward Ratio: 6.5 RR
🕛 Expected Duration:
GBPUSD ( BULLISH ) ( 4H )GBPUSD
HELLO TRADERS
TENDENCY : the price stabilizing above turning level , indicates is under bullish pressure .
TURNING LEVEL : the price around 1.294 .
PRICE MOVEMENT : the price in previously it can be a strong rising and created a new historical peaks , currently price 1.296 , as long as the price stabilizing above turning level reach a resistance level my goal 1.298 , 1.303
PRICE ACTION :
LONG CONDITION : until the price trading above this level reach a resistance level at 1.298 , then stable this level created a new resistance level at 1.303 .
SHORT CONDITION : if the price breaking turning level at 1.294 , reach a support level at 1.290 , then breaking this level reach a next support at 1.285
TARGET LEVEL :
RESISTANCE LEVEL : 1.298 , 1.303 ( new resistance level ) .
SUPPORT LEVEL : 1.290 , 1.285 .
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.
GBPUSD - Look for a long !!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 price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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XAUUSD 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.
GBPUSD ( UNDER BULLISH PRESSURE ) ( 4H )GBPUSD
HELLO TRADERS
Tendency under bullish pressure after the price breakout resistance trendline
TURNING LEVEL : a blue line between resistance and support level around 1.276 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a green line around 1.281 and 1.285 , indicates selling have already increase this level , so if the price stabilizing turning level reach this target
SUPPORT LEVEL : there is a red line below turning level around 1.268 and 1.264 , indicates buying have already increase this level , so if the price breaking turning level reach this targets
PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 1.276 , after rising to the resistance level around 1.281 , then stable above this level reach 1.285 ,
if the price breaking turning level reach a support level at 1.268 , then stabilizing below this level reach a 1.264
TARGET LEVEL :
RESISTANCE LEVEL : 1.281 , 1.285
SUPPORT LEVEL : 1.268 , 1.264
GBPUSD analysis week 28☘️GBP/USD rebounded above 1.2800 supported by revived interest rate cut hopes. Investors are betting that the Federal Reserve (Fed) will be pushed further to cut interest rates in the third quarter after US Nonfarm Payrolls (NFP) labor figures showed issued a misprint, beating forecasts but with a large revision from previous figures.
☘️The most recent UK Parliamentary election took place and ended with little volatility in the markets. GBP traders will have to do their best to wait for next week's UK Industrial Production figures for May, which are expected to recover from April's sharp decline.
☘️The pair is climbing to the resistance level of 1,280 and shows signs that a strong breakout could continue next week. Some further buying should break the nearest resistance level and push the pair back to two-week highs around 1,285. The circular resistance zone around 1,290 will be where GBP investors look to take profits when the price slides to this zone. In the opposite direction, the pair may still need a recovery to continue maintaining its stable uptrend. The first support level is around 1,276 where there is strong support from the two EMA 34 and EMA 89 lines. The price can retreat more strongly to the support area of 1,271 retracement points of Fibonacci 0.5 and is the break out area from downtrend.
Support: 1,276-1,271
Resistance: 1,285-1,289
Trading signals
SELL GBPUSD zone 1.28-1.290 SL 1.292
BUY GBPUSD zone 1.271-1.269 SL 1.267
GBP FACES CHALLENGES IN THE 3RD QUARTERGBP FACES CHALLENGES IN THE 3RD QUARTER
Pressure is mounting at the GBP withinside the 1/3 area as hobby price cuts are sooner or later considered, whilst the United Kingdom trendy election reasons a bout of volatility and weak point withinside the GBP, with the Conservative Party in power. recorded the bottom consequences in decades. The Labor Party gained a landslide victory withinside the July four election. With the brand new government`s spending plans nevertheless unclear, buyers might also additionally live farfar from GBP and GBP-denominated assets, till while the monetary state of affairs is extra stable.
UK INFLATION: TARGET ACHIEVED, BUT DIFFICULTIES STILL REMAIN
The UK reached a key monetary milestone in May while inflation information hit the BoE's goal. For the primary time in almost 3 years, UK headline inflation fell to 2%, in step with the BoE's long-time period goal and staining a outstanding turning factor withinside the nation's combat in opposition to growing rate pressures .
Core inflation - which includes meals and energy - additionally fell from 3.9% to 3.5%, whilst offerings inflation fell from 5.9% to 5.7%, proper on target however nevertheless worryingly excessive for the BoE.
GBPUSD I Potential short-term pullback and more growthWelcome 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!
GBPUSD analysis week 28GBP/USD drops to new multi-week lows below 1.2650
GBP/USD remains under bearish pressure and trades at its lowest since mid-May below 1.2650. Stronger-than-expected Manufacturing and Services PMI data from the US helped the USD maintain its position and sent the pair lower.
The Bank of England (BoE) announced on Thursday that it is not changing its monetary policy settings. “The June decision is reasonably balanced as higher-than-expected services inflation reflects factors that will not push up medium-term inflation,” the BoE said. The BoE's upbeat tone on the inflation outlook has seen the Pound weaken against its major rivals.
GBP/USD fell below the lower bound of the ascending regression channel and the Relative Strength Index (RSI) indicator on the 4-day chart fell below 40, reflecting a bearish bias in the short-term outlook.
After breaking the important support level of 1,266, the GBPUSD pair may retreat to the 1,259 area before encountering recovery support. The main support level of the pair is at the 1,252 area. If GBP/USD drops below 1.259 and starts to use it as resistance, an extended slide towards 1.252 could be seen
Support: 1,259-1,252
Resistance: 1,266-1,272
Trading signals
SELL GBPUSD zone 1.272-1.274 SL 1.276
BUY GBPUSD zone 1.252-1.250 SL 1.248
GBPUSD: The British Pound has had a sharp declineGBPUSD: The British Pound had a strong slide yesterday, penetrating the support area around the 1.2630 threshold, showing the prospect of a deeper decline for this pair. In today's session, under pressure from the USD, it is expected that GU will fall below a deeper threshold around the support area of 1.2520. It is recommended to sell with GU around the current price range
GBPUSD
The GBP/USD pair is showing a bearish trend on the 4-hour timeframe following a breakout from an ascending channel. The price has completed a 61% retracement, indicating it is in the 4th wave of the Elliott Wave pattern. Currently, the price is expected to move into the 5th wave, continuing the bearish momentum.
GBPUSD: The British Pound is on a short-term recovery trend.GBPUSD: The British Pound is on a short-time period restoration trend. In the context of USD adjusting downward. The situation in today`s consultation ought to see GBPUSD short-time period resistance across the 1.2730 region. It is anticipated that GU will preserve to growth and there may be reactions round this resistance region and decline. In the quick time period, you could purchase with GU and wait to promote above this resistance zone