Pounddollar
GBPUSD BULLISH OUTLOOKFX:GBPUSD
We see Price has just created an impulsive move to the upside which signals the involvement of smart money. Price is presently trading in a range from a supply zone which indicates resting sell-side liquidity at the inception of the bullish impulse into the area of supply.
I want to see price take out resting SSL and give a tap into the 4H demand zone.
I'll watch out for more bullish continuation at this zone.
Buy GU dip? GU has been down trending in the last 2 weeks, looking for a trend reversal confirmation.
Forex analysis looking at the GBPUSD 1.30 the bottom?I am looking at the GBPUSD on a daily chart. It looks a lot better after holding 1.30 support levels and then the breakout.
I would like to see a nice break above 1.32 resistance and go from there to really determine if the pound is really ready to turn thing around. Next would be 1.34.
We can look back in the past and see levels of support are now resistance and also the lower highs and lower lows confirming the downtrend.
I do not trade forex much these days but I still look at the major fx pairs daily just to see what's going on.
Edit. In my pink bubble I wrote .132 but of course it is 1.32
Take pounds by ouncesDoes this trade look like something you'd want to buy into? "No" is always an acceptable answer, but if you (as we) think GBP/USD is ready to revert to the mean, why not step in gently, a few contracts at a time, rather than all at once.
GBPUSD 27.02.2022Looking to short GU from 1.35000 zone
Confluences:
- GU was ranging without any signs of momentum. Last week, a breakout of the range occurred after a massive push to the downside
- Broke below 1.35000 support region without retest.
- Retest level (1.35000) which is currently the support-turned-resistance level falls inline with the 61.8% fib reversal levels.
A potential push to higher fib extensions may occur, will look for signs of rejections once market reaches the sell zone
GU long scenarioGU has been bullish so far this week seeing a short correction to a major psychological level yesterday, we are likely to see it go bullish if we see a break and retest above structure, if not we may consider going short if we see STRONG resistance around structure
GBPUSD 01/02/2022Looking to short GU from 1.35000
8H Timeframe Confluences:
- Bearish market structure, only looking to short the market
- Timeframe is making LLs and LHs
- Possible 3rd bounce on the trendline coincides with weekly key level, further supporting a possible short
Waiting for price action to indicate that a short trade is in play. If price action indicates reversal, a short to 1.33090 to create a new LL will be taken.
GU sell scenarioGu is likely to sell till level 1.3200 which served as a level of support if it fails to break above level 'A' 1.34432 which served as a region of support and resistance last week
GBPUSD | descending Channel Formation..!!
#GBPUSD (Update)
In Daily timeframe Chart, GBPUSD Has been Consolidating in descending Channel Pattern since Feb 2021.
Seems like Already bottomed out, If Channel Broken Broken Upside, Expecting +500 pips Bullish Wave in Coming Days.
So keep an EYE on it..
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
GBPUSD Under Pressure on Brexit Uncertainty US Dollar firms near 16-month highs.
GBPUSD is under pressure at five-week highs.
USDCAD pulls back on Omicron easing fears.
GBPUSD technicals
The British pound has been one of the best performing majors amid the dollar strength across the board. The GBPUSD pair has since bottomed out, powering to five-week highs amid renewed bidding on the GBP.
After bottoming from lows of 1.3172, GBPUSD bulls have steered a rally to highs of 1.3455, which has emerged as a short resistance level. A breakthrough in the resistance level should pave the way for a rally to highs of 1.3513, the next substantial key level.
Fundamentals
The bullish biases on GBPUSD comes on traders reacting to a more hawkish Bank of England, which hiked interest rates amid the uncertainty triggered by the Omicron variant. The monetary policy tightening all but fuelled pound strength against the dollar. For deeper analysis:
forexezy.com
GBP / USD Previous daily candle is showing a good confirmation for short positions .
I will wait for the market to give me a confirmation around 1,32634 which is an area of resistance .
If the market break my main resistance trendline , sell setup will be invalid .
My target should reach within 2 days of swing trading and my overall target is 160 pips .
Risk to reward ration 1:4
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GBPUSD 18/11Looking to short GU from 1.35000
4H timeframe confluences:
-Pair is making a series of LH and LLs indicting a bearish market structure
- Due to bearish market structure, I will be favouring shorts until there is a momentum shift.
- The 1.35000 key level coincides with the 78.6-61.8% fib retracement range providing further confluence for downside shift.
If market closes above 1.35250 then this set-up will be invalid
TP: 1.33000
GBPUSD 23/11Looking to short GU on retest of 1.34000
4H timeframe confluences:
- Bearish market structure, due to the LLs and LHs being created. Therefore, only looking to short pair
- Last week GU broke through the ascending trendline as well as the key support level of 1.34000
Additional Confluences:
DXY = Bullish
EURGBP = Looking for pullback to the upside
General trend of GBPs = Bearish
GBPUSD WAITING FOR CONFIRMATION be relax dude, just wait for a precise confirmation. wait for the candle confirmation appear and wait until price move breaks the support on 1.3350 area and or break the resistance 1.3515 area. FX:GBPUSD
The Pound Looks Very Strong GBPUSD Green oval is where the price should start moving upwards,
On a higher timeframe it has broken out of a large falling wedge
The curve I have plotted should hodl
Nicely aligns with the Fibonacci circles plotted also
The yellow line is the 200 day MA
GBPUSD - Next Potential Sell Pressure Technical Overview: - GBP/USD
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GBPUSD LongLooking for price to close and stay above 1.35000 psychological level. Looking for buy opportunities along with PA only if price stays above 135. Simple break and retest of structures and trend lines. First target 1.36000. Trade idea is invalid if price falls below 1.34650.
My own analysis for educational purposes and not financial advice.
Short term GBP/USD long positionMarkets is largely expecting the BOE to hike Rates in the December meeting. the positive print in the inflation data this morning further fuels the expectation of the 15 basis point hike to be this coming meeting. we are expecting the BOE to disappoint the market hence we have a very bearish bias on the GBP currency. technically we expert a completion of a WXY pattern on a small timeframe.
