Wednesday Market Outlook: Bearish Trend Expected📉 Wednesday Market Outlook: Bearish Trend Expected
Tuesday’s price action played out as expected, confirming my bias. While price didn’t fully tap into my POI before the rally, the movement remains valid.
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📊 Wednesday’s Forecast
For Wednesday, I’m expecting:
✅ Monday’s high to be taken out
✅ Tuesday’s high to be taken out
✅ Price to reach my bearish POI at 1.29794
From there, I’ll be looking for a drop to 1.28835.
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📉 Overall Bias: Bearish
Given this setup, I’m maintaining a bearish stance for Wednesday. Now, it’s all about patience and execution.
Let’s see how price unfolds. Are you bullish or bearish this week? Drop your thoughts below! 👇🏾
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GBPUSD.1.MINI trade ideas
GBPUSD - Sell Trade SetupLet's see what happens with the upcoming CPI data from the UK. In the event figures come in less than analyst forecast, guess what?? Well this pair will go south! Why well Fed's comments last week were not dovish, tariffs are still causing inflation providing strength and stability for the greenback.
Waiting for UK CPI data to confirm my analysis.
Leave a comment below, let me know what you think. Share with friends. Check out my profile for more awesome trade plans and setups. DM for copy trading, use any regulated FX broker.
Trade Safe - Trade Well
~Michael Harding
GBP/USD Breakdown – Support Under Pressure, Bearish Target AheadChart Analysis:
The GBP/USD pair is currently trading around 1.29578, facing resistance near 1.30366.
A support zone has been identified around 1.29000, which the price is testing.
If this support level breaks, we could see a bearish move toward the next target near 1.26970.
Strong support is positioned lower, which may act as a key reversal point if the decline continues.
Trading Outlook:
Bearish Scenario: If the price breaks below the current support, a drop toward 1.26970 seems likely.
Bullish Scenario: If GBP/USD holds above support, we may see a retest of resistance at 1.30366.
Conclusion:
Traders should watch for a confirmed breakout or rejection at support before taking positions. A clean break below could trigger a stronger bearish move. 🚨
GBP/USD "The Cable" Forex Bank Heist Plan (Scalping / Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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Entry 📈 : "The heist is on! Wait for the breakout (1.28877) then make your move - Bearish profits await!"
however I advise placing Sell Stop Orders below the breakout MA or Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. I Highly recommended you to put alert in your chart.
📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs.
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SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 1.27800 (or) Escape Before the Target
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GBP/USD "The Cable" Forex Bank Heist Plan (Scalping / Day Trade) is currently experiencing a bearishness,., driven by several key factors.
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As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
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GBPUSD Trade Idea - Hit while typing, but good for reviewEntry rules met.
Confluences:
✅ Bearish overall bias
✅ Bearish demand zone
✅ Bearish ABCD extension pattern
✅ Bearish divergence
✅ Bearish break of structure
✅ Entering London close zone
✅ Price is in entry zone
✅ Required risk:reward met
⭐ I shared this watch zone in my weekly forex outlook, you can subscribe by clinking the link in my bio.
GBP/USD Holds Near Highs Ahead of Spring StatementGBP/USD remains near recent highs as traders await Wednesday’s Spring Statement from Chancellor Rachel Reeves. While major tax changes are off the table, revisions to the UK’s economic outlook and fiscal plans could provide fresh direction for the pound.
What to Watch in the Spring Statement
The key focus will be the Office for Budget Responsibility’s updated growth forecasts. Last year, the OBR had pencilled in 2% GDP growth for 2025, but weaker-than-expected data suggests that figure is due for a downgrade. Some estimates suggest it could be halved to around 1%.
Meanwhile, higher interest rates have pushed up government debt servicing costs by an estimated £10bn per year, eroding the fiscal headroom Reeves had in October. With the chancellor prioritising stability, the government is expected to balance the books through welfare cuts and slightly tighter departmental spending rather than introducing new tax measures. For markets, that means a relatively muted fiscal event—but in an environment where the pound has been grinding higher, even subtle shifts in the outlook could be enough to move the dial.
A Breakout, Then a Breather
Sterling’s technical picture has changed significantly since the start of the year. After breaking above a long-term descending trendline in late January, GBP/USD has carved out a steepening series of higher swing lows, forming an ascending trendline fan. This structure signals increasing bullish momentum, but in recent weeks, the pair has entered a consolidation phase—pulling back slightly while holding near trend highs. At the same time, trading volume has steadily declined, dipping below its 20-day average.
GBP/USD Daily Candle Chart
Past performance is not a reliable indicator of future results
On the hourly chart, this consolidation is even more defined. GBP/USD has established a clear range with horizontal support and resistance levels, offering traders well-structured reference points for reversals or breakouts, especially with Wednesday’s Spring Statement acting as a potential catalyst. At present, prices are languishing near the lower boundary of this range, but the RSI is not in oversold territory. However, if RSI does dip into oversold conditions and the hourly chart forms a bullish reversal pattern at the bottom of the range—an area that aligns with the ascending trendline fan on the daily chart—it would present a compelling buy signal within the broader uptrend.
GBP/USD Hourly Candle Chart
Past performance is not a reliable indicator of future results
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
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WAITING ON A PULLBACK BEFORE WE SHORTGBP/USD 1H - As you can see price is now looking as though it is going to put in this corrective wave trading us up and into the Supply Zone above, in doing so it should give us the opportunity to enter in on this market.
I want to see price trade up and into this area for two reasons, one to clear the orders which will encourage a reversal in the balance and secondly to set a Lower high within this higher timeframe bearish structure.
Once price does trade us up and into this zone we can then begin to look for those short opportunities, we will want to see price trade in, clear those orders and break structure to the downside fractally.
A break in the structure to the downside will confirm and end to the correction and the start of the next impulse, this giving us the confirmation to trade this market short following the higher timeframe structure of this market.
GBP/USD Stable at $1.292: Budget AwaitedGBP/USD is trading steadily around $1.292 as markets await British finance minister Rachel Reeves’ spring budget update. Despite dollar strength from solid U.S. data and rising Treasury yields, the pound remains resilient, supported by cautious optimism over the UK’s fiscal outlook. Traders are watching the upcoming budget for clues on spending and economic forecasts, which could impact GBP/USD in the near term.
If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases.
Mister Y - GU - Tuesday - 25/03/25 Top down analysisAnalysis done directly on the chart
Consistency matters, you can have bad days but
if you look at the wider picture this shouldn't bother
you. Don't give up, one mistake should not define
you as failure. We all learn from mistakes, this should
be normalized and not be punished.
Not financial advice, DYOR.
Mister Y