Price is aiming @ 1.2450Probability is high that it will touch the lower low trendline one more time which will m ake it 4 times.
GBPUSD trade ideas
GBP/USDOn MOnthly, 200, 50 and 20 EMA are above the price and it seems it's going down to 1.248.00 and 52 Weeks Lowest at 1.2090
On Weekly, 200, 50 and 20 EMA are above the price and it made a solid Bullish candle last week.
On Daily, it cut into the Bullish trend line.
On 1H chart, it madea Divergence compare to RSI.
Bears are in charge !!!
GBPUSD SELL!!!Good day trader's
GBPUSD sentimental is bearish, and During the London session we grabbed liquidity now we're going to sell
Let's start off with 1:1 then 1:2 after securing profits
Good luck traders
Gradual recovery to 1.30 handle after being oversoldSlow and gradual recovery to 1.3045 ceiling after oversold into support if we can break channel and sustain above 1.2710 levels.
Good luck all!
GBPUSD Live Week 48 Swing ZonesAbsent in the last 2 weeks, as there were No SZ. As stated previously, SZs are calculated based on previous weeks high/Low and a secret ingredient.
As seen on the chart, an expected price path is highlighted.
As always price action determines trades.
How far the GBPUSD can go??ICMARKETS:GBPUSD The UK has been feeling he inflation pressure for some time but lately it is showing some better results giving the BoE some time to decide a better approach in terms of the Interest Rate move. The UK growth is still low showing a possible recession risk.
The US seems to be in a better position with the FED maintaining a tight policy with a constant eye on the inflation level but the Labor market data will dictate if there will be more pressure not on FED but in all related currencies.
On the technical side if the 1.200sh resistance levels holds it could be a sign for further downward moves. The 1.2300 Support level maybe will hold this bearish sentiment showed not only for the far distance of the price to the EMA(21) but also for the RSI in the oversold region but expect a pullback(if a short one) in the next days before more bearish moves.
But never forget the Fundamental News can change this picture.
GU: Nicely Stacked 4h Bullish TargetWe've got a nice 4h order block at 1.2625, which also aligns quite nicely with the 62% FIB level on the HTF bearish leg.
This could call for a nice bullish intraday setup if the right confluences show up on the lower time frames.
Aman
SMC Wolf FX
GBPUSD SHORT BIASIn the saying of "the trend is your friend", it wouldn't be advisable to go against the downward plummeting of most major pairs right now. The only way you can make money is when you align yourself with the direction of the trend. There's a disturbing Counter Trendline view that is currently giving price movement some headache however, judging with the strength of the fall, there's a huge possibility the trendline doesn't hold.
Retracement = Right Entry
Patience = Retracement
Therefore, Patience = Right Entry
That's some logic I did there!
Using the 50fib level of the FVG on the 4H, there should be a "Tap out" of the Breaker candle, in order to build maximum momentum for the break of the Counter Trendline, giving us a justified position into the Short trend of the market currently.
The dollar ain't done in strength yet!
gbpusdAccording to the strategy I used, gbpusd fulfilled all the rules and I set the SL to be 20pips and the TP to be 30 pips.
GBP USD TO CONTINUE ITS DOWNWARD MOVEMENT !the pounds dollar saw a quick pull back early this morning and we are looking for rejections around 1.2600 which we've seen, now we look to sell the market, puting our stop at the 1.26100 and taking profit of 1:2. there may be further downward pressuer on this pair, but for the main time we just want to take a little from the already oversold market.
GBPUSD_4H_Sellhello
English pound analysis In the medium term time frame Elliott wave analysis style
The market is falling in 5 Elliott waves, which is currently in correction wave 4, and after completing these five correction waves, abcde can complete its final decline as wave 5. Resistance 1.26666 The important number in the medium term is 1.25800 Wave 5 targets are 1.24333 and 1.23555
GbpUsd 25 Nov 2024 Bullish and Bearish ZonesBullish zone 1.262
Bearish zone 1.2562
Note: This is not a buy/sell call. Use stop loss.
Is GBP/USD Set for a Further Rally? Let's have a look.The GBP/USD pair made a robust recovery at the beginning of the week, showcasing strength against its major competitors. This bounce-back comes after a notable decline on Friday, triggered by disappointing economic data. Specifically, the UK Retail Sales contracted at a faster-than-anticipated rate in October, and the flash S&P Global/CIPS Composite Purchasing Managers’ Index (PMI) for November fell below the critical 50.0 mark for the first time since October 2023.
The primary factor contributing to the Pound Sterling's resurgence appears to be strong market sentiment regarding the Bank of England's (BoE) potential for a more measured approach to policy easing compared to other Western central banks. Notably, the currency is trading within a demand zone, suggesting the potential for upward movement. Additionally, the Commitment of Traders (COT) report indicates that retail sentiment is leaning bearish; however, similar to the EUR/USD, the opening gap might be filled, which could lead to a further decline in prices.
A decline towards the 1.2400 level could present an attractive buying opportunity for those looking to acquire the Pound at a discount. Historical seasonality trends also indicate a likelihood for the GBP to appreciate in the near term. Nevertheless, I recommend waiting until Wednesday, following the release of the USD unemployment data, before making any trading decisions. Currently, my outlook remains bearish on the GBP/USD.
GBP/USD GAP
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GBP/USD continues the downtrendOn GBP/USD , it's nice to see a strong sell-off from the price of 1.26350. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Downtrend and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
GBPUSD 4hr ShortGBPUSD
✅ 4hr Short ✅
💰ENTRY: 1.25741
👎STOP LOSS: 1.26072
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing high Engulfing candle below the 50ema.
This is a great example of my systematic system.
What A Way To End The Year As Well As The TrendOANDA:GBPUSD
This has to be the best idea am dropping hear on trading view so far, because of it's risk to reward ratio, which is over 1:10, highly rewarding. And it just looks unassuming 🤦♂️😎
Lets analyze, looking at the 1D timeframe, a more responsible timeframe to look out to in a Daily or intra day trade of a bearish currency pair (GBPUSD), the last two long red candlesticks evolves from the last created resistance zone, leaving those fair value gaps behind, and as well as unmitigated. When the fair value gap is filled to the immediate supply or resistance zone by the buyers, as we can currently see them riding on the pullback, we expect to market to drastically continue the trend, thereby making us a new lower low.
In other words, a lower timeframe is required to see clearly the structures produced by the sellers, ofwhich placing your entry on the last created and unmitigated structure, and your stop loss slightly above it's lower high minimizes your risk and maximizes the return. An instance on the 30Min timeframe of GBPUSD, same timeframe where the liquidity is clearly visible as well, when the pullback breaks through the trend line(liquidity) into the demand zone, the downtrend just irresistibly continues until it makes a new lower low. Remember if you can't see the liquidity, then you're the liquidity. Peace 🕊️💯
GBPUSD collapsing Same applies on GBPUSD we just seeing further downward movements , we just seeing lower highs and lower lows , so we still bearish on it to but it will break above yellow zone structure we might expect push upward but we still look bearish on GU
GBPUSD**GBPUSD:**
This week's forecast is for the price to rise slightly to the area where the trend has slowed, then reverse and continue the bearish trend to the area between 1.2404 and 1.2346.
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Sell GBP USD for TP Area of 1.25420Short to TP AREA 1.25420 // Short term idea to sell GBP USD till next move will appear
GBPUSD at trend reversalGBPUSD printing a falling channel expected trend reversal at breakout, entry witha buy stop.
#012 DCA GBPUSD SellI took positions in two different products. First, the CADCHF and second, the GBPUSD.
I have no idea if they are correlated in anyway. I took the two products because they do not have the same currency.
On the 1H Time Frame, it is clear that price is retracing back to the 60SMA. I do not actively seek for such confluences, but rather, if they occur, I take note of it.
We shall see what would happen next.
1135SGT 25112024
If price goes against our intended direction, then there's the limit sell order for drawdown recovery. If price goes beyond the 1st Sell Limit, then we will see how we could at least breakeven.
1136SGT 25112024
GBP/USD: Downtrend Holds Firm, Key Support in SightThe GBP/USD pair is trading around 1.2557, maintaining its downward trajectory as it fails to reclaim the resistance level at 1.2592. The pair continues to face selling pressure, with the prevailing downtrend keeping momentum in favor of the bears.
Immediate focus now shifts to the critical support zone near 1.2500, where some temporary buying interest may emerge. However, a break below this level could pave the way for further declines toward 1.2450, with the broader target potentially at 1.2400.
Any short-term pullbacks into the resistance range of 1.2592–1.2650 are expected to attract renewed selling pressure. The 50-period moving average also reinforces this zone as a significant barrier to any bullish attempts.
With bearish momentum firmly in control, GBP/USD presents opportunities for sellers to capitalize on short positions while monitoring for key breakouts below the 1.2500 support level.
