GBPUSD 1H LOOKING READY FOR MASSIVE SELLAs we can see on the chart (LAST GAP FILL AND REJECTED STRONG) and with this consolidation since last week, its a good sign that GBPUSD its about to move hard. only intrested in selling at this moment in time I took sell @ 1.31398 My SL 1.32049 My TP 1.274 I will Probably take profit allong the way Thanks Shortby donchichi15
Short GBPUSD for 77 pips with a risk of losing 52 pipsThe GBPUSD daily time frame gives very good BUY SELL signals using the 8, 21 EMA Cross, Pivot, and RSI MA Cross. This trade considers support and resistance using the Pivot Points, take profit, and stop loss. Shortby spranav0
Bullish intention following not so good JOLTs numbersAfter a very deep pullback price has shown some bullishness on the 1H. I will be looking for lower timeframe entry as usual and targeting the High of the range. There is Services PMI data tomorrow which will give us more information on the state of the labor market for the US. Given the US has a large service sector this data will be very important. Not making any predictions as to what the data will be for NFP on Friday but the JOLTs numbers might be a clue for what's to come. The news coming out will be very volatile because the FED stated that they are now more concerned about the labor market so manage your risk accordingly Longby Keyserfx116
GBPUSD I Non-Farm Employment Change Trading Plan Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!Short04:29by BKTradingAcademy121244
MORE DOWNSIDE ON GBPHI FRIENDS , As the dollar continue to climb up we will see this pair continue with its local retest journey to 1.30701-1.30355. which is where the next support. please risk wiselyShortby ForxTayUpdated 2
GBPUSD - Set and ForgetElliott Wave Count: Wave 1-3: The impulsive movement upwards is clear, with Wave 3 being the most extended. Wave 4: A corrective phase, consolidating near the support level around 1.31000. Wave 5 (Projected): The anticipated upward move, targeting the 1.34024 resistance level, which marks a key zone for the completion of the Elliott Wave cycle. Key Levels: Support Level (S1 H4): 1.31000, marking the bottom of Wave 4. Resistance Levels (R2 H4): 1.32660 and 1.34024, representing potential targets for the projected Wave 5. Confirmation (Buy Stop): Set above the trendline break at 1.31300 to confirm the upward move. Entry Strategy: Buy Stop Order: Place a buy stop at 1.31300, slightly above the current price to confirm the breakout of the corrective phase and the start of Wave 5. Target: Take Profit: Set your take profit at 1.34024, which is the upper resistance level and the projected completion of Wave 5. Stop Loss: Stop Loss: Place your stop loss just below the support at 1.31000 to protect against any false breakouts or downward continuation.Longby TradingDame119
SELL GBPUSD NOW! (PROFITABLE TRADE)Based on our profitable private trading indicator, there has been a SELL Signal at a resistance level which now means the GBPUSD is ready to drop! This is the perfect time to sell and take profit at the next support levelShortby VIPindicators2
B/C Correction Down To July Highs??? - GUHere I have GBP/USD on the 4Hr Chart! Friday gave us a STRONG break through this Area that acted as Support getting Price to its High @ 1.32664 but soon after we see price melt! I suspect we are looking at a Correction Wave where Price gave us a Lower Low (Point A) @ 1.31672 which Broke Structure, followed by a Lower High (Point B) @ 1.32271 Confirming Downtrend. Based on the Fib Extension Tool, we are given a Range Target of 1.30666 - 1.30287 around the High's of July! Now with Friday's new Lower Low @ 1.31095, I would like to see Price make a Retracement to the once Support-Turned-Resistance Zone for some potential Selling opportunities! If we take the Fib Retracement Tool from Friday's Low @ 1.31095 to Friday's High @ 1.31998, We see the Fib Entry Zone lands precisely in the Middle of our Resistance Zone! *Fib Entry Zone - *Golden Zone - Indicators: -DSR curving down & Price Trading Below -RSI Below 50 -BBTrend showing Bulls losing strengthShortby Novi_FibonacciUpdated 16
Is Gold Going To Hit 3000? Hey there So, in today's midweek market review, we look at the possibility of Gold hitting 3000, but also sterling hitting 1.3790. Although these might seem like ambitious levels, based on the way the market is structuring itself its becoming more and more possible to see price reach these levels within the next 12 to 18 months. Check out today's video to see how you can best position yourself and start preparing for the next phase of the market. 08:01by DeanMuller3
GBP/USD Market Analysis and Trading PlanGBP/USD Market Analysis and Trading Plan We're going to develop a trading plan based on the GBP/USD pair. We’ll use a combination of technical indicators, moving averages, and market sentiment to identify optimal entry and exit points, while maintaining a 2:1 risk-reward ratio. 1. Market Overview Current Price: 1.31128 General Sentiment: Based on the Commitments of Traders (COT) data, Commercials are heavily net short, indicating they might be hedging against potential downside risks. Large Speculators are net long, which often reflects a bullish outlook from institutional traders. However, the divergence between these groups suggests caution, as the sentiment is not uniformly bullish. 2. Oscillator Analysis Relative Strength Index (RSI - 14): 42.28 The RSI is below 50, indicating that the momentum is slightly bearish, but not yet oversold, which suggests that there might still be some room for a downward move. Stochastic %K (14, 3, 3): 44.32 The Stochastic is neutral, indicating indecision, but it's close to the oversold territory, which might hint at a potential buying opportunity soon. Commodity Channel Index (CCI - 20): -68.26 The CCI is negative, signaling that the pair is under selling pressure, but it’s not deeply oversold. MACD Level (12, 26): -0.00135 The MACD is below the signal line and in negative territory, which confirms the bearish trend but suggests the momentum isn't very strong. Awesome Oscillator: -0.00486 This is slightly negative, reinforcing the weak bearish sentiment. Williams Percent Range (14): -60.17 This oscillator is indicating a slightly bearish outlook, but not extreme. 3. Moving Averages Analysis Short-Term (10-30 Periods): The current price is slightly below the 10-period EMA (1.31201) and SMA (1.31187). The price is also below the 20-period EMA and SMA, indicating near-term bearishness. Medium-Term (50-100 Periods): The price is hovering around the 50-period EMAs and SMAs but remains above the 100-period EMAs and SMAs, suggesting that while the short-term trend is bearish, the medium-term trend could still provide support. Long-Term (200 Periods): The pair is well above the 200-period EMAs and SMAs, indicating that the overall trend is still bullish, despite the short-term correction. 4. Pivot Points and Support/Resistance Levels Support Levels: S1: 1.30659 S2: 1.30092 Resistance Levels: R1: 1.32228 R2: 1.33230 5. Trade Setup and Recommendation Given the above analysis: Entry Point : Sell Entry: 1.31128 Rationale: The bearish sentiment is currently weak but consistent across various indicators. Entering at the current price near the short-term moving averages could allow capitalizing on a potential continuation of the downward move. Stop-Loss: Stop-Loss Level: 1.31661 (Pivot Point) Rationale: Setting the stop-loss slightly above the 20-period EMA and the pivot point ensures protection against false breakouts. Take-Profit: Take-Profit Level: 1.30092 (S2 Level) Rationale: Targeting the S2 support level aligns with the current bearish sentiment and allows for a 2:1 risk-reward ratio. The price could easily reach this level if the bearish momentum continues. Risk-Reward Ratio: Risk: 53.3 pips (1.31661 - 1.31128) Reward: 103.6 pips (1.31128 - 1.30092) Ratio: 1:1.94 (Approx. 2:1) 6. Risk Management Position Sizing: Ensure that the position size is small enough to not exceed 1-2% of the trading capital at risk. This will protect the portfolio from excessive drawdowns. Market Monitoring: The market should be monitored closely for any sudden changes in sentiment or economic news that could impact GBP/USD. Adjust the stop-loss or take-profit levels accordingly to lock in profits or minimize losses. The recommendation is to enter a short trade at 1.31128, with a stop-loss at 1.31661 and a take-profit at 1.30092. This setup takes into account the current bearish momentum, short-term moving averages, and pivot levels, providing a strategic approach to capturing potential downside moves while adhering to sound risk management principles.Shortby lsgnaija0
GBPUSD Massive Short! SELL! My dear followers, I analysed this chart on GBPUSD and concluded the following: The market is trading on 1.3112 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probableBearish continuation. Target - 1.3102 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals111
GBPUSDGBPUSD is in strong bullish trend. As the market is consistently printing new LHs and LLs. currently the market is retracing a bit after last LL, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg down could go for new LL. What you guys think of this idea?by JustTradeSignals4415
GbpusdI saw a counter trend that is likely to play out cause on a 1 week we are on a uptrend but had a change of structure on the 1 day and 4 hrs so we sellShortby Greatvic0013
Selling gbpusdFirst idea already 100 pips save We entered again with the down trend and upward trend broken trend Just focus on our final targetShortby forexagent6
GBPUSD SHORTSMarket structure Bearish on HTFs DH Entry at both Weekly and Daily AOi Weekly Rejection at AOi Daily Rejection at AOi Previous Daily Structure Point Around Psychological Level 1.32000 H4 Candlestick rejection Previous Rejection From H4 AOi Levels 6.25 Entry 95% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is KingShortby mobbie_zwUpdated 8
Bounce on weekly support ?This is the weekly chart of GBP/USD. Could we maybe see a retest of the weekly support. Looking back to April 2024, we can see that we are in a uptrendLongby BlueBot0
GBPUSD STRUCTURE It's a new day guys and we will be looking at GBPUSD market structure, prices have broken the external structure on the higher timeframe and we will be making use of the internal timeframe so we can align ourselves with the higher timeframe bias which is bullish, we will exercise patience for prices to drop down into the 4H OB before we look for further confirmations for us to go long, so whatever trading strategy you use look for longs only. Do well to like share and follow, stay tuned for more updates.Shortby Dr_Trade13
GBPUSD Longhello traders , as u can GU is heading up and making HH HL the volume is a bit low cause we are in a bearish trend , m playing the correction my risk is low than usual Longby OMAR123890
GBPUSD Update: Watch That Red Line!Alright, here’s the deal—if GBPUSD hits that red line and gets rejected, we’re likely heading down to the level I’ve marked below. But if it breaks through that resistance, then all bets are off, and the scenarios I’ve laid out won’t hold up. This is all based on my own strategy, so keep an eye on those levels and manage your risk. Remember, this isn’t financial advice. Happy trading!Shortby Remora_traders3
GBPUSD Sell SetupToday, we will analyze GBPUSD This setup will be valid only for tomorrow, It's a 15m chart, and the zones will lose their strength over time Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.Shortby Biaxar3
GBPUSD SELL!GBP/USD has broken its last higher low, and the presence of bearish divergence suggests a possible trend reversal at this point. Consider placing a sell limit order for a discounted entry.Shortby tradeforex-network1