I am looking for GBPUSD SHORTI am looking for GBPUSD short from my ENTRY point. its have reversal pattern zim. counter trendline break. at the zone. golden zone at fib. my engoling and renko
GBPUSD trade ideas
GBP/USD Trendline Breakout (Weekly Forecast Mar 3 - 7)The GBP/USD Pair on the H2 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.2425
2nd Support – 1.2316
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GBPUSDGU is in an overall uptrend (weekly timeframe ) but on a smaller timeframe, it broke the last HL, giving a potential sign to a temporary bearish movement . I’m looking for price to retrace & drop down to trend line. I still need more technical confluences to confirm bearish movement but so far, it looks like it started. News will also play a role in bearish decision & confirmation. Ready for next week 💪🏼
Sell on RalliesHere what i see on big picture on this pair.Seemly still bearish .Just my personal view
GBPUSD: Bullish Forecast & Bullish Scenario
The recent price action on the GBPUSD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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GBPUSD Will Go Lower! Short!
Here is our detailed technical review for GBPUSD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.257.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.235 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPUSD: The trend of discounts prevails?Hello everyone, great to have you back for today's discussion on GBPUSD!
Currently, GBPUSD has extended its decline, trading below 1.2600 as market pressure intensifies. Risk sentiment has worsened following a series of U.S. economic data releases, which indicate weakness in the overall U.S. economy while also signaling a persistent rise in core inflationary pressures.
From a technical standpoint, the pair has broken below the ascending trendline, confirming a bearish breakout. The bearish momentum remains strong, with no clear signs of a bottom forming yet. If GBPUSD stages a corrective pullback, it is likely to face resistance around the 0.5-0.618 Fibonacci retracement zone, which aligns with the confluence of EMA 34, EMA 89, and the newly established resistance area. This setup could reinforce selling pressure, making it a key level to watch.
GBPUSD Wave Analysis – 28 February 2025
- GBPUSD reversed from the resistance zone
- Likely to fall to support level 1.2530
GBPUSD currency pair recently reversed from the resistance zone between the resistance level 1.2700, the upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from September.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Evening Star which ended the previous impulse wave (3).
Given the overbought daily Stochastic, GBPUSD can be expected to fall to the next support level 1.2530 (former resistance from the end of January).
GBP/USD Breakdown – Bearish Momentum Gaining Strength!Analysis & Description:
The GBP/USD pair has broken out of an **ascending trendline**, signaling a potential **trend reversal** to the downside. The price is currently trading near the **1.25986 support level**, with bearish pressure increasing.
#### **Key Observations:**
🔻 **Trendline Break:** The price failed to sustain the bullish trend, leading to a downside correction.
🔻 **Lower High Formation:** Price action suggests a potential continuation of the **bearish structure**.
🔻 **Bearish Targets:** The next support levels to watch are **1.25012** and **1.24020**, which align with past price action.
### **Trading Plan:**
📉 **Bearish Scenario:**
- If the price **fails to reclaim 1.25986**, expect further downside toward **1.25012** and **1.24020**.
- A potential **pullback to retest resistance** before further decline is possible.
⚠️ **Bullish Risk:**
- If the price **reclaims 1.26510**, it could invalidate the bearish setup and resume the previous uptrend.
### **Final Thought:**
GBP/USD is at a **critical breakdown level**, and traders should watch for a potential **pullback or continuation** before entering trades. Stay cautious and manage risk wisely! 🚨📊
GBPUSD Breakout and Potential RetraceHey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.26500 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.26500 support and resistance area.
Trade safe, Joe.
GBP USD BEARS OVERTAKING ?GBP USD faced heavy supply at 1.27 area. Monthly candle is coming to an end and the next month is starting with bears showing from distance. Will this pressure build up ? At the moment the movement from 1.27 is getting bearish and this could send the pair back to 1. 22 level but only if bears can manage to take control of 1.25 area.
GBPUSD - market structurethis is a short trade, consider first trade can be a final target or can be a partial target with take proft at the D - lq low , dont forget to put trade on BE -> risk free as soon as chart print new BOS
GBPUSD IN SELL ZONEHere’s a detailed analysis of the *GBP/USD sell trend* based on the provided information:
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### Key Levels:
- *Sell Zone (Demand Zone)*: 1.26250
- *1st Technical Target*: 1.25000
- *2nd Technical Target*: 1.23500
- *3rd Technical Target*: 1.22500
---
### Trend Analysis:
1. *Sell Zone (Demand Zone) at 1.26250*:
- This level acts as a key area where selling pressure may emerge. If the price approaches 1.26250 and shows signs of rejection (e.g., bearish candlestick patterns, overbought RSI), it could signal a selling opportunity. Traders may consider entering short positions near this level.
2. *1st Technical Target (1.25000)*:
- This is the first downside target if the sell trend gains momentum. It represents a significant support level where traders might take partial profits or reassess the trend.
3. *2nd Technical Target (1.23500)*:
- If the selling pressure continues and the price breaks below 1.25000, the next target is 1.23500. This level could act as a stronger support zone.
4. *3rd Technical Target (1.22500)*:
- This is the final target if the downtrend remains strong. It represents a deeper support level and could be the ultimate goal for the sell trend.
---
### Trading Strategy:
- *Sell Near 1.26250*: Enter short positions near the sell zone (1.26250), especially if there are signs of rejection (e.g., bearish candlestick patterns, overbought RSI).
- *1st Target (1.25000)*: Take partial profits or reassess the trend at 1.25000.
- *2nd Target (1.23500)*: If the downtrend continues, consider closing more of the position or trailing the stop-loss.
- *3rd Target (1.22500)*: Close the remaining position or trail the stop-loss further.
- *Stop-Loss*: Place a stop-loss above the sell zone (e.g., 1.26500-1.26750) to limit risk in case of a breakout.
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### Conclusion:
The GBP/USD sell trend is bearish, with the sell zone at 1.26250 and technical targets at 1.25000, 1.23500, and 1.22500. Traders should monitor price action around these levels and use proper risk management to capitalize on the downward movement.
Short till 1.257254 hour bearish implied FVG and 6hr bearish FVG was respected warranting downside movement to 1.25725.
GBPUSDHelo guys here is my GBPUSD elliot wave analysis. I hope its clear. am expecting a correction and a move up up......
Long till 1.26339Price has respected the 1 hour bullish order block, warranting bullish momentum till 1.26339.
