Gbpusd for shortPrice broke out of a rising wedge and retested the previous resistance zone and formed a bearish engulfing candle.
GBPUSD trade ideas
GBPUSD Set for Upside as 1Y Pivot Holds SupportHello,
FX:GBPUSD is likely to experience significant upside from this point, with the 1-year pivot point acting as support. While the pair remains mostly bearish, buyers are entering the market and anticipating further gains. The current conditions appear favorable for an upward move.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
GBP/USD: Bearish Momentum Holds Below 1.2500GBP/USD trades around 1.2490, showing weakness for the third consecutive day, with the daily chart indicating a bearish bias within a descending channel. The Federal Reserve cut interest rates by 25 basis points as expected, projecting a 2025 rate of 3.9% (up from 3.4% in September). Powell emphasized caution and a slower path for future rate cuts, while the BoE kept rates steady at 4.75%. The strengthening of the US Dollar has been supported by rising Treasury yields, although improving global risk sentiment might limit further gains. A break below the 1.2450 support could push the price towards 1.2400, while a move above 1.2530 might open the door to a potential test of 1.2600, though this remains unlikely without favorable catalysts.
GBPUSD SELL UPDATE!!!!!Well would you look at that
We have just achieved 1:2 in profits
See you again on the next one
GBPUSD SELL UPDATE!!!1:1 has been achieved
Now let's aim for 1:2
Secure half of the profits and leave the rest to run to full TP
GBPUSD Bearish on HTF in 2025Price Rejected 2 Times from Order Block, 6 Month CRT, High Taken, Target is Low, In Simple Words, We are Bearish On HTF.
UPDATE ON GBP/USD TRADE FROM SSGBP/USD 1H - As you can see price came to trade down and into the Demand Zone below and has since pushed up breaking structure to the upside and delivering us with the bullishness we predicted.
Price has also given us a second chance to enter in on this market since the break of structure to the upside for those of you who are less pre-emptive and wait for further confirmation, ie the BOS.
This trade is running + 90 pips. (+ 4.4%) 4.4RR
You will notice that after the BOS price then came back down to re-test the are that was initially broken, this is a classic break and re-test trade where price comes to test the area of interest before trading higher.
You will notice that there is an area of Demand that was there ready to be cleared and it was but it also an area of Support that was once acting as an area of Resistance, giving us that classic break and re-test trading opportunity.
GBP/USD Sell Setup Incoming!!we can clearly see a nice formation of a bearish structure on the monthly timeframe which is consistent with the weekly structure
we also a key monumental shift on the EMA crossover and the price is now below the trendline
So as the DXY (Dollar index) continue to rise we shall see GBPUSD continue lower and currently we have multiple confirmation in higher structure confirming the probability setup
Use proper risk management!!
stop loss anywhere at 1.29000 level seem okey!!
target 1.21500
Make sure you follow me for more updates
GBPUSD_1D&1W_SellAnalysis and analysis of the economy of the British pound Elliott wave analysis style Mid-term and long-term time frames The British pound is in a downward trend. The most important resistance is 1.27777 Trading position from sale to purchase The market is in a big ABC correction wave, we are currently in C wave. Resistance 1.27777 Support and targets are 1.24800, 1.20750, and 1.17475 respectively, and it can even fall to the last number of 1.14444. The conditions of the pound and the UK are not suitable and may not experience good conditions!
GBPUSD SELLOverall trend for GBPUSD is downtrend and it at a point of strong resistance in line with the ascending channel resistance and also bearish head and shoulder pattern in 4hours time frame. so for me it a long term sell right away.
GBPUSD Live Week 51 Swing ZonesWeek 51 SZs are set, including predicted price paths a or b.
As Always price action determines trades
GBPUSD , General Trend Continuation I’m anticipating the markets to fall against DXY, and RISK ON scenario creates an opportunity to enter bearish market from the retraced price into FVG, I am looking for a huge fall
Short GBP on retracement to 1.2710As per previous post analysis - wait for retracement before UK unemployment numbers which will disappoint again.
Important: the climb up to 1.27 zone will by no means be a bullish signal - only retracement from current drop and then further declines to continue.
Entry 1.2710
SL 1.2810
TP 1.23
Good luck all!
GBPUSD - Bears Still In ControlAlthough GBPUSD has just recovered significantly from today's lows, the bearish bias of the currency pair is still present. We expect that the price is merely in a temporary bullish correction phase and will form new lows very soon. The OBV shows hidden bullish divergences in several time frames, which support our bearish view on GBPUSD.
Pound steady after hot UK wage growth, CPI nextThe Canadian dollar continues to lose ground. In the North American session, USD/CAD is trading at 1.4315, up 0.48% at the time of writing. The Canadian dollar has declined 2.2% in December and is trading at its lowest level since mid-March.
Canada's inflation eased to 1.9% in November, down from 2% in October and shy of the market expectations of 2%. However, the trimmed-mean core rate remained unchanged at 2.7%, higher than the market estimate of 2.5%. This is above the Bank of Canada's target of 2% and will complicate plans to continue to lower interest rates.
The BoC has been the leader among major central banks in lowering rates, with five rate cuts since June for a total of 175 basis points. The central bank chopped the benchmark rate by 50 basis points to 3.25% last week but indicated in the rate statement that it expected a "more gradual approach to monetary policy", which means we can expect 25-bp increments in rate cuts if there are no surprises in inflation or employment data.
US retail sales sparkled, another sign that the US economy remains robust. Retail sales jumped 3.8% y/y in November, following an upwardly revised 2.9% in October. This was the highest annual gain since last December. Monthly, retail sales rose 0.7%, above the upwardly revised 0.5% gain in October and the market estimate of 0.5%.
US consumers have opened their wallets for the holiday season and motor vehicles and online sales helped drive the gain. The strong retail sales report didn't change expectations for a rate cut on Wednesday, which stand at 99%, according to the CME's FedWatch.
US PMIs on Monday pointed to a mixed bag. The Services PMI rose in December to 58.5 from 56.1 in November and above the forecast of 55.7. This was the highest level in over three years as the services economy is showing impressive expansion. The manufacturing sector is in dreadful shape and weakened to 48.3, down from 49.7 in November and below the market estimate of 49.8. Output and new orders are down as the demand for exports remains weak.
USD/CAD is testing resistance at 1.4289. Above, there is resistance at 1.4343
1.4191 and 1.4137 are the next support levels
GBPUSD: Classic Long From Support 🇬🇧🇺🇸
GBPUSD may pull back from a key daily horizontal support.
As a confirmation, I see a confirmed bullish breakout of a neckline
of a double bottom pattern on an hourly.
Goal - 1.2664
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BUY EURGBP - Cross reference currency pairs to add confluenceTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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GBPUSDThe potential sell scenario for the pair
The pair is under observation as it approaches the designated sell zones on the chart.
GBP/USD Breaks Rising Wedge Support – Targets 1.2565 & 1.2530GBP/USD has been in a downtrend for some time. Recently, it formed a rising wedge pattern, which is a bearish continuation signal. In this pattern, the price had been making Higher High and Higher Low indicating a tightening range.
Now, the pair has already broken the support of the wedge, confirming the bearish breakout. This suggests that the downtrend is likely to continue as sellers take control.
Current Price: 1.2620
Target 1: 1.2565
Target 2: 1.2530
If the price moves as expected, we could see it reaching these targets soon.
GBPUSD good risk & reward detected...opportunity to sellJudging from daily candle, GU closed at strong bearish on last Friday.
I'm expecting a healthy retracement during Asian session today and probably will continue retracement during Europe session.
I'm looking for sell entry in the sell zone marked on the chart.
Of course my decision will be depending on price action in a lower time frame.
I'm waiting any reversal pattern inside the sell zone in the lower time frame.
Good luck
Bearish drop off overlap resistance?GBP/USD is reacting off the resistance level which is an overlap resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.2733
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.2794
Why we like it:
There is a pullback resistance level.
Take profit: 1.2609
Why we like it:
There is an overlap support level.
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