Check the trend It is expected that after some fluctuation and correction, we will see the beginning of the upward trend and it will advance to the specified resistance range. Then the movement process will continue according to the specified routesLongby STPFOREX0
Sell Idea Pound/DollarOn the H4 timeframe, we have identified a support level (current resistance) that the price is already positioned below, providing a breakout. If the price cannot re-enter this resistance level, expect a strong downtrend movement. Remember, the closing and position of the H4 timeframe candle above 1.3150 will serve as a warning for the start of a re-uptrend movement. Stop Loss @ 1.3160 Take profit @ 1.2997Shortby GreenFxTrading110
GU Just waiting on volatility to make the bearish moveLast nights GBP news was not enough to make price push to give us a solid entry on the bearish move. We are looking for reactions to FVGs just above the previous daily high before considering any entry. Short02:21by DWoodz1
gbpusd buyon daily chart we have a possible return swing already testing 1.30492 price mark inwhich we are looking forward to a possible bullish reaction to push price up the chart. but from the news perspective gdp m/m for GBP is expected to be above forecasted 0.2% within this mark last mark of 0.0% should incase of a negative news outcome of pound economy we all have hope on the cpi about to be dropped for a better glimsp of where we are headedby solomonshodipe011
gbpusd buyon daily chart we have a possible return swing already testing 1.30492 price mark inwhich we are looking forward to a possible bullish reaction to push price up the chart. but from the news perspective gdp m/m for GBP is expected to be above forecasted 0.2% within this mark last mark of 0.0% should incase of a negative news outcome of pound economy we all have hope on the cpi about to be dropped for a better glimsp of where we are headedby solomonshodipe010
GBPUSD- 30 Minutes time frameEntry Zone: The entry point appears to be just above the current price action, within a marked grey zone. This could be a potential demand zone or retracement area following the bullish move. Stop Loss: Your stop loss is set slightly below the entry zone, around 1.30577, which seems to protect against further downside should the price not respect this level. Take Profits: Take Profit 1 is around 1.31021, which represents the first target after a potential upward movement. Take Profit 2 is higher at 1.31388, which likely represents a significant resistance level or Fibonacci retracement zone. CHOCH (Change of Character): This indicates that you expect a potential bullish reversal after a downward trend, with price breaking through a resistance zone. This trade setup suggests you are anticipating a bullish trend after the recent downward move. The strategy seems to be based on a retracement and entry within a demand zone, targeting key resistance levels for profit. Let me know if you'd like more specific analysis or adjustments! Longby factoryforex01Updated 8
Going Short on GBPUSDfollowing technical analysis price seems to be in a down trend. entry spot is the supply zone for a re entryShortby Awesome_pips0
SELL GBPUSD - trade explained in detail using the Dollar IndexTrader 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. We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today! www.tradingview.com Short04:25by Simply-Forex3
GBPUSD- Trend Continuation setupSuccessful trading is knowing what to do and doing what you know. The knowing part is very simple but the doing part is not easy that is why most people struggle in trading. This afternoon, during the New York session, my focus is on GBP/USD. We are buying based on the H4 timeframe, where the wave structure remains bullish since the price hasn’t closed below 1.30877. Another confirmation comes from the H1, which has only shown three waves down so far. While a fifth wave may appear, it’s likely to be a higher low following the current upward move on the M15 chart. As long as the M15 stays above the New York session opening range, we will continue buying. Happy Trading!Long11:35by Charts247TradingAcademy110
GBP/USD SENDS CLEAR BEARISH SIGNALS|SHORT Hello, Friends! GBP/USD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.313 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 2238
GU projection. Price is at a strong support and price is forming an indecision candle on the 4H. If we get three to four 4H candles closing above this order block. then we might see a push upLongby eminefohsunday0
GU filpping to Bearish!Been waiting for price momentum to shift. Now looks like we have it. Have to wait out the next day to see if they are ready to keep moving in a bearish direction. Short01:45by DWoodz3
GBPUSD 1hrHere is a simple analysis of GBPUSD in 1hr time frame . I am bearish in gu If it break this lvl then I will short g/u Always #NFA #DYOR Shortby Sijan22441
Short trade for $GBPUSD- TVC:DXY resistance broken - FX:GBPUSD 1h support broken - 15m new LL - 15m downtrendShortby Thomasmtr2
Short if we break the support long if we reject it. The key is to confirm the break or rejection. If we reject price will go up there to seek liquidity and potentially roll down for a very long time. Am open to questions and suggestion plus opinions only.Shortby TheKang2553
GBPUSD**GBPUSD:** This week, the price is expected to fall to the zone between 1.3110 and 1.3081 for a trend reversal, aiming for the top of the channel.Longby simaoxceps0
GBPUSD ShortNFP might.. i repest Might favor this set up. we join at the current rate after the pair is unable to break the Fair value gapby itsGitauUpdated 0
GBP/USD: Trading a breakdown of 1.31GBP/USD is another “goes lower in the bad times” asset - this time in the forex market - USD is the haven currency and GBP for whatever reason is deemed more risky. GBP/USD had broken out to multi-week highs but stuttered since. This could be a natural pause before the upside moment resumes or this is a ‘fakeout’ and we’re heading for another test of the rising trendline on the weekly chart. We’d prefer not to guess which one it is but rather wait and see. The 4 hour chart shows a large bearish engulfing candle at the end of the week, adding bearish momentum to the weekly ‘indecision’. A break below support at 1.31 would open up a much bigger pullback with 1.29 sitting just above the 61.8% Fibonacci retracement level. But that’s just what we think, do you agree or disagree? Send us a message and let us know Happy Trading! Jasper, WeTrade Market Analyst and Founder of Trading Writers. Shortby jasperlawler4
GBPUSD | SELLHi traders here is an idea for; - GBPUSD Opportunity looking for: Sell Shortby ELCapitalFX5
Fundamental Market Analysis for September 09, 2024 GBPUSDGBPUSD: The GBP/USD pair is attracting some dip buying during the Asian session on Monday. The pound is once again aiming for the 1.3150 price level, although a combination of factors could prevent further gains. The closely-watched US employment data released on Friday suggests that labour market growth is slowing more than expected and adds to concerns over the health of the US economy. This in turn reduces investor appetite for riskier assets, which favours the safe-haven US Dollar (USD) and acts as a headwind for GBP/USD. Meanwhile, a survey of recruiters showed that the UK labour market cooled markedly last month, with vacancies falling sharply and wage growth slowing. This reinforces the case for an interest rate cut by the Bank of England (BoE), which could further deter bulls from aggressively betting on the British Pound (GBP) and keep pressure on the GBP/USD pair. Investors are now eagerly awaiting the release of the monthly UK employment data due on Tuesday. At the same time, USD price dynamics will continue to play a key role in influencing the GBP/USD pair in the absence of any market-important economic data from both the UK and the US on Monday. Trading recommendation: We follow the level of 1.3090, if it is fixed below we consider Sell position, if it rebounds we consider Buy position.by Fresh-Forexcast20040
GBPUSD SHORT PLANGBPUSD SHORT PLAN Inside bar breakthrough downwards at 1H bar Therefore, short GBPUSD when the price turn upwards the supply zone, which is around 1.3129. SL: above 1.314 TP1: 1.3085 TP2: 1.304 Shortby tntsunrise10
Correction It is expected that after some fluctuation in the resistance range, a trend change will be formed and we will witness the beginning of the downward trend. If the price stabilizes above the resistance range, the downward trend will be canceled Shortby STPFOREX3