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Pounddollar

GBPUSD about to make a big move down?I've been closely monitoring current LTF price action and about to go short on this pair. We've retested last weeks broken dynamic support, and running out of steam right now. I'm seeing DXY continuing to grow, to at least 105 in the coming week or so. BoE hawkish sentiment, failure to get inflation under control, despite hikes gives the mark no confidence, and therefor a risk off mentality. My ultimate target is 1.185 area, but will be taking partials on the way down. Happy trading!
Short
by Finchcliffe
2
GBP/USD Get prepared for short positionsHI Dears If you look carefully at the chart of the British Pound (GBP/USD) you will see the bearish scenario. I will tell you the reason by the RTM method. The price made a powerful 4h FTR and also an MPL zone. after that, the price broke the 4H trading range but in fake mud to gather the liquidity that is needed for a powerful downtrend. After that the price starts its downtrend and also the MPL zone is engulfed. so we go back to the base of the POLE. Sincerely Hosein Poursaei
Short
by hosein-9879
3
ArmanShabanTrading |🔴 GBP/USD : Bear ?The possible scenarioes of Pound/Dollar is indicated on the chart, pay special attention to the supply and demand levels indicated on the chart! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.03.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Short
by ArmanShabanTrading
20
The pound rebounded as scheduled, can the bulls recover?On Wednesday (March 15), GBP/USD continued to fall by 0.85% to close at USD1.2056.The UBS incident has caused the market to worry about the state of the European banking system, because the impact of the collapse of Silicon Valley Bank, which is a major customer of technology companies in the United States, is accelerating.Credit Suisse's share price plunged by more than 30% at one point, after its largest investor said it could not provide the bank with more financial assistance.The stock's plunge led to a decline in the broader European banking stock index, triggering demand for safe-haven dollars and forcing investors to avoid high-risk currencies such as the British pound.However, the market believes that the eurozone market may be hit first, while the British market is slightly protected, so at this stage, the performance of the pound is slightly stronger than that of the euro.Subsequently, British Chancellor of the Exchequer Hunt announced a fiscal plan. Fiscal measures for this year and next two years will cost 94 billion pounds, demonstrating the British government's determination to boost economic growth and avoid recession.This has helped limit the decline of the pound to a certain extent. On the trend of GBP/USD, it was mentioned in the article yesterday that if the 1.201 position can be supported, it is possible to carry out a short-cycle restorative rebound on this basis.It is currently trading near the level of 1.211.From this point of view, there is still strong support near the 1.201 level below, but the current trend is still volatile and the trend is not clear.The overall volatility range is still limited to between 1.1930-1.22. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Long
by Short-term-king
GBPUSD - Correction and then continuation to the downside?Hello traders, Today we will do an analysis for GBPUSD. This pair is in a down trend on the daily timeframe that started on the 23th of January. Now, it is doing a corrective move from the last big impulse to the downside. The most probable scenario for this one is a pullback to the blue rectangle marked on the chart that coincides also with 70,5% retracement and then a continuation to the downside. However because the last impulse was sharp it can turn to the downside faster than anticipated and the price may not reach that area. Another scenario that we are not considering as high probability right now is a reversal to the upside where the price must break the black trendline and the line marked as “high to break” on the chart, for us to wait for a retracement and then search for buy entries. Please don't jump in, wait for your setups, no matter what, and don't risk more than 1% of your capital.
Short
by financialflagship
4
GBPUSD - Correction and downHello traders, The higher probability scenario for GBPUSD in the coming week is a correction to the upside and then a continuation to the downside. The area where the reversal is most possible is highlighted on the chart. Trade with care. Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Short
by FractalTrading
GBPUSD Bearish Impulse - Minor CGBPUSD is starting a Bearish Impulse in Minor C (orange). Wave B (orange) is most likely a Running Flat. However, based on Elliott Wave patterns, it could also reflect as an Expanding Flat. But I don't think so. I am going short on the Pound Dollar. GBPUSD tech. Analysis: * Elliott Wave: Ending Diagonal on Intermediate (C) (white). * Running Flat in Minor B (orange) * Sep '20 Bearish Fractal * 38.2% Fibonacci Retracement of Minor A (orange) * Up-Trend Breach * Channel Consolidation GBPUSD Trading Signal: * Entry @ 1.2170 * SL @ 1.2500 * TP1 @ 1.1800 / TP2 @ 1.1600 / TP3 @ 1.2500 * BUY STOP @ 1.2050 * Aggressive Entry @ Market Price * Moderate Entry @ 1.2320 *Safety Measure: when in the green, moving SL to BE. Many pips ahead! Richard, the Wave Jedi.
Short
by Lionheart-EWA
4