GBPUSD = BULLISH OR BEARISH GBPUSD is more likely to continue to the downside
there might be a little pull back then continue to the downside as it should but with every thing still trade careful with proper risk management
GBPUSD trade ideas
Bearish GbpUsdTechnically this pair is currently looking bearish, I have plotted two scenarios there, we have a bearish flag(ascending channel) within a major ascending channel(bear flag). basically we have a bear flag within a bear flag. so im looking to short at the upper trendline or on the defines resistance level
GBPUSDnow Net short 70%. Have taken profits from my trades and deployed them into a hedge long. Let's see what happens
GU could be getting ready to Reverse!Now that we are in a new month AND its election week next week the market could get very volatile. Dollar has been moving bearish all week and most are still expecting it to move bullish. I'm thinking its more likely to turn bullish for a little while. Leaving the Election news to give it the bullish push it needs to start pushing back up. This could lead to some significant moves in the market. We just have to remain ready!
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1.2979 USD, traders with an aggressive trading strategy 1.2979 USD, traders with an aggressive trading strategy could consider a sale.
A cross of the support located at 1.2873 USD
would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish.
Sellers would then use the next support located at 1.2810 USD as an objective.
Crossing it would then enable sellers to target 1.2681 USD. If the resistance 1.2979 USD were to be broken
this would simply be a sign of possible further short-term consolidation
and trading against this trend would then perhaps be more risky.
GBPUSD with two probabilities for 11/1/2024This is my idea Nbr 22 after 20 ✅️
GBPUSD with a high probability to make the decision for 11/1/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
GBPUSD bearishPlaying FVG OB
GU in bearish trend
making vivid OB and fair value gap
Wait for the lower limit of the FVG / modify the trade accordingly.
GBPUSD bulls ?Lets watch what markets have today for us.
We can see a lot of buying pressure but cannot break through trendline
That being said i will try to get with bulls till the trendline
GL Traders !
GBPUSDMomentum is strong on DXY today so trading Majors is the priority, General USD direction is to the downside, Now trading is against GBP as its the strongest currency in comparison to the the other major currencies.
GBPUSD; Waiting for confirmation to go long.HHs AND HLs in GBPUSD for the last couple of weeks; Pair is at support but yet to confirm long move; Stay patient and negate the long bias if trendline is breached.
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GU is volatile...but we need more data for direction...I cant really call it at the moment. Price is indecisive as we come to the monthly transition. The last day of the month and anything can happen. Watching for a solid direction and sitting on hands for now until London open. Expecting some good price action for both sessions going into Thursday.
GBP/USD: High-Probability Strategies Based on Classic Reversal We're looking at an interesting technical setup on the GBP/USD daily chart, where a Head and Shoulders (H&S) pattern has formed, signaling a potential trend reversal from bullish to bearish. Here’s a breakdown of the context and two trade strategies based on this pattern and key levels.
Trend and Context Analysis
The Head and Shoulders (H&S) pattern suggests a possible bearish reversal, particularly after the formation of the right shoulder. There’s an ascending channel marked by yellow dotted lines, which represents a long-term dynamic resistance level. The 50 and 200 moving averages are positioned to act as potential support and resistance levels, while the TDIGM indicator is helping us spot momentum highs and lows, providing additional context for price movement strength.
Strategies
1. Sell on Neckline Break Confirmation of the H&S Pattern
Rationale: A break of the neckline in an H&S pattern typically provides a strong sell signal. This setup is often a reliable trend reversal indicator, and a confirmed break would likely lead to a sharp decline in GBP/USD.
Risk-Reward:
.Stop above the right shoulder; target before the harmonic pattern’s point C for a favorable risk-reward ratio. The probability of success is high if the neckline break confirms, as H&S patterns often lead to significant moves.
.Entry: Sell at 1.2910 after confirming the neckline break.
.Stop Loss: 1.3070 (above the right shoulder).
.Take Profit: 1.2400 (just above the harmonic pattern’s point D).
.Risk-Reward Ratio: 1:3.
2. Buy at Lower Channel Line Support
Rationale: If the price doesn’t break the neckline and instead dips to the ascending channel's lower boundary, a buy setup may be considered. This lower channel line has historically acted as solid support, providing a controlled-risk entry point.
Risk-Reward: Place the stop below the channel, and aim for the upper channel line as the target. This strategy is more conservative, given the overall bearish H&S structure.
.Entry: Buy after a confirmed rejection of the H&S pattern and confirmation that price respects the ascending channel.
.Stop Loss: 1.2810 (below the nearest resistance).
.Take Profit: Between the left shoulder and head of the H&S pattern.
.Risk-Reward Ratio: 1:2+.
Final Thoughts
These strategies leverage both the reversal patterns and dynamic supports, as well as indicator signals. For each strategy, it’s recommended to monitor key support and resistance zones closely and confirm breakouts on lower timeframes before entering. Price action is key .
30-10 ProbelegGBPUSD 30-10: Just like the EUR, the trend is also changing for the cable. Our alert system shows a different picture outside the trend change, namely a Score of -3 consisting of: Cot Data -2, Retail sentiment 0, Seasonality -1, Trend reading -2, GDP 1, Manufacturing PMI 0, Services PMI 0, Retail Sales 0, Inflation 0, Employment Change 0, Unemployment Rate 1, Interest Rates 0. Nevertheless, we are setting a buy range to follow the trend
GU trade over 49 pips With liquidity being pulled and significant Euro and US news on the horizon, it's definitely a time to tread lightly. The uncertainty surrounding the US elections and the upcoming NFP report can lead to increased volatility. It might be wise to limit trading activity this week and wait for clearer signals once the events have passed. Staying cautious is a smart approach!
GBPUSD WILL BE FALLING SOON BE READY TO SHORTHello Trader, What do you think about GBPUSD ? price has reached level of resistance 1.29811 and is likely to move to a psychological level of 1.30000 before falling so trader should go for SHORT and target profit around support psychological level. Remember to like and share your thought in the comment!.
GBPUSD Bearish 1 Hour Divergence.1. Market Analysis:
Asset: GBPUSD
Timeframe: 1-hour
Pattern: Bearish divergence
2. Divergence Details:
Bearish Divergence: A bearish divergence occurs when the price forms higher highs, but the oscillator (like RSI or MACD) forms lower highs. This suggests that buying momentum is weakening, and a downward reversal might be on the horizon.
3. Trade Setup:
Entry Point: Consider entering a short position if a bearish candlestick pattern forms after the divergence confirmation on the 1-hour chart. Look for strong confirmation like a bearish engulfing or shooting star pattern.
Stop-Loss: Place the stop-loss above the recent swing high on the 1-hour chart to manage risk. This positioning protects against an unexpected upward move.
Take-Profit: Identify key support levels for take-profit targets, aiming for a 1:2 risk-reward ratio. Target areas could include previous support zones or Fibonacci retracement levels.
4. Risk Management:
Position Size: Calculate your position size based on your risk tolerance and the stop-loss distance. Typically, risk only a small percentage of your capital (e.g., 1-2%) on this trade.
Risk-Reward Ratio: Aim for at least a 1:2 risk-reward ratio, meaning that your take-profit target is at least twice the distance of your stop-loss.
5. Additional Confirmation:
Volume Analysis: Check if there is a decrease in volume as the price reaches higher highs. This can add weight to the bearish divergence setup.
Support and Resistance Levels: Ensure the trade setup aligns with strong support and resistance zones for additional confirmation.
6. Trade Execution:
Place Orders: Set your sell order, stop-loss, and take-profit levels based on the criteria above.
Monitor the Trade: Keep an eye on the trade and adjust the stop-loss to break even or trail it if the price moves in your favor.
7. Review and Adjust:
Post-Trade Analysis: After the trade closes, review the outcome to understand what worked well and any areas for improvement in future trades.
GBPUSDCurrent market conditions show trend continuation signals across multiple timeframes, with key levels identified for potential entries and targets.
GBPUSD bullish correction the GBPUSD is bearish meanwhile I expect the market to correct upwards to some fibo levelasI explained in the video
GBPUSD BUY ANALYSIS PYCHOLOGICAL LEVEL ZONEHello Trader , What do you think about GBPUSD? Here on Gbpusd price has reached a psychological level of 1.30000 and now making double bottom which means it will go up more so trader should look for LONG and expect profit target of next psychological level. Remember to like and share your thought on comment !
GBPUSD 1hIn the gbpusd currency, we see the breaking of the trend line and continue to climb up to the price of 1.30600
GBP/USD: Will NFP Make the Dollar Drop?GBP/USD weakens around 1.3010 during the European session on Wednesday, staying within a descending channel since September, as the market awaits key economic data, including the UK Autumn Budget, October’s ADP Employment Change, and US Q3 GDP. A close above 1.2975 could attract buyers, pushing the price toward 1.3050, while support remains at 1.2895. The pound remains vulnerable to potential negative economic surprises or restrictive fiscal measures announced in the Budget, as indicated by Prime Minister Starmer, which could increase volatility. Positive US economic data, especially on employment and growth, could strengthen the dollar and further push GBP/USD lower. I am currently long on GBP/USD from last week, aiming for a 1:4 RR. Currently, I'm at a 1:2 RR with SL at BE, so risk-free. Have a great day and happy trading, everyone!
