BEARISH SETUP FOR GBPUSD GU sentimental is bearish today, and early morning it just grabbed liquidity of the London session high. Now, let take a short position
We first aim for 1:1 the 1:2 after securing some profits
USDGBP trade ideas
Short till 1.23596Buyside liquidity purged post NFP data release, warranting downside movement to 1.23596.
GBP/USD at $1.2426: NFP in FocusGBP/USD is trading around $1.2426, down 0.1%, as the market focus shifts to the U.S. jobs report. The pound is under pressure due to the BoE’s forecast of higher inflation and weaker growth, with two officials advocating for a larger rate cut. Meanwhile, the U.S. labor market is expected to add 170,000 jobs and maintain a 4.1% unemployment rate. A strong U.S. jobs report could push GBP/USD lower, while weak data may support the pound.
The first resistance level is 1.2500, with the next targets at 1.2600 and 1.2650 if breached. On the downside, initial support is at 1.2340, followed by 1.2265 and 1.2100.
GBPUSD What Next? SELL!
My dear followers,
This is my opinion on the GBPUSD next move:
The asset is approaching an important pivot point 1.2516
Bias - Bearish
Safe Stop Loss - 1. 2585
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.2405
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Gann Time Cycles Price Synchronization | Gann’s Timing StrategyGann Time Cycles | Gann's Time Price Synchronization Method
In this video, we dive deep into the Gann Time-Price Synchronization Method, a powerful approach to market analysis that combines impulse moves, time cycles, and squared price levels. Learn how aligning price action with time-based cycles can help you identify high-probability trade setups and significantly improve your trading accuracy.
Key Points Covered:
- How to use Gann time cycles and price levels to anticipate market reactions.
- Step-by-step guide to entry criteria, stop-loss placement, and take-profit strategy.
- Practical application of the Gann method across Forex, stocks, and commodities.
- Enhancing trade confidence with market confirmation tools like candlestick patterns, RSI, and volume.
- Whether you’re a beginner or an experienced trader, this method will help you make more informed and confident trading decisions.
Trading Steps Overview- Gann Time Cycles | Gann's Time Price Synchronization Method.
1. Identify the Initial Impulse Move - Find the first strong price movement.
2. Identify Key Time Cycles - Use 144, 225, 52, 90, and 26-bar cycles.
3. Apply Price Squaring & Vibrations - Calculate squared price levels.
4. Look for Market Confirmation Confirm entries with price action and indicators.
📌 Timestamps: Gann's Time Price Synchronization Method | Gann Time Cycles
00:00 ▶️Gann's Time Price Synchronization Method - Introduction.
00:40 ▶️ Risk Disclaimer.
01:00 ▶️ What is the Gann Time-Price Synchronization Method.
02:18 ▶️ Gann's Time Price Synchronization Method - Core Principle.
02:52 ▶️ Step 1 - Identify the Initial Impulse Move
03:18 ▶️ Step 2 - Identify Key Gann Time Cycles.
03:50 ▶️ Step 3 - Apply Gann Price Squaring & Gann law of Vibrations.
04:10 ▶️ Step 4 - Look for Market Confirmation.
04:29 ▶️ Gann's Time Price Synchronization Method | Gann Time Cycles- Example.
10:49 ▶️ Gann's Time Price Synchronization Method | Gann Time Cycles- Trading Rules & Execution.
11:30 ▶️ Gann's Time Price Synchronization Method | Gann Time Cycles - Conclusion & Final Thoughts.
GBPUSD Sell to 1,235It looks as though GU could retrace to retest the recently created support before moving up. I would like to see price fall from here towards 1,234. Apply proper risk management.
GBP/USD Short Trade Setup NFPI’m planning a short trade on GBP/USD based on the following analysis:
Monday , This week opened with a gap on monday
Wednesday probably created a significant high of the week.
Thursday BOE Rate Cuts Impact: The pound weakened on following the rate cuts.
Friday today London Session: Price is currently moving higher, looking to fill imbalances and target liquidity around 1.2455 and 1.2494.
Key Zones : Monitoring the FVG zones for price reactions and potential rejection around the marked imbalances.
Entry Strategy : Considering short positions around these levels with a tight stop-loss to manage risk.
Additional Insights: Watching for any significant breaks in market structure, especially with the upcoming NFP report and might look to target Monday low around @1.2250
Conclusion:
It's all a probability game so don't forget to manage risk. Jobs report are key.
Based on the current market conditions and upcoming NFP report, I’m looking for potential shorting opportunities on GBP/USD around the identified liquidity zones and imbalances.
GBPUSD Buy 15Min chart!Hey Guys,
To keep it short, based on the analysis, a previous bearish trend line breaks and it would be possible to see an uptrend (for 15min chart) on the market.
This idea will be updated based on market movement.
Good Luck!
(Sorry about late publish, Preparing post content took sometime)😊
GbpUsdI found this Leve very interesting 🤔 couple with the fact that I have a Bias for short on GbpChf it seems appropriate.
Check my other insights on my page.
Boost if you find this insightful 🫴
NFP Target 1.2680 or 1.2160From the look of the price movement between yesterday evening till London opening today, There is a sign that price was ranging and forming bullish flag.
It broke the flag but it could also mean double top from yesterday's evening high to sell to last month's low.
GBPUSD Buy ideaIf we break the high we should be seeing a nice push to the top side for nfp and if we make more higher highs then mabey also cpi.
Cable H1 | Heading into overlap resistanceCable (GBP/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.2466 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 1.2523 which is a level that sits above the 78.6% Fibonacci retracement and an overlap resistance.
Take profit is at 1.2374 which is a swing-low support that aligns close to the 61.8% Fibonacci retracement level.
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possibility of upterndConsidering the price behavior in the current support range, possible scenarios have been identified. If the price breaks through the support range, the correction trend may continue to the next support levels.
Fundamental Market Analysis for February 7, 2025 GBPUSDEvent to pay attention to today:
15:30 EET. USD - Non-Farm Employment Change
GBPUSD:
On Thursday, the GBP/USD pair experienced a sudden and significant decline, breaking a technical pullback from key averages and dipping below 1.24000. This move followed a rate cut by the Bank of England (BoE) of 25 basis points, which was accompanied by a hawkish monetary policy statement. This led to a shift in market expectations, with betting markets adjusting their predictions for further rate cuts to a later date than previously anticipated.
According to market participants, the Bank of England is expected to implement two or three additional rate cuts this year.The decision to cut rates was unanimous among all nine members of the Monetary Policy Committee (MPC), with seven voting for a 25 basis point reduction and two members, known for their bearish stance, opting for a double 50 basis point cut. While policymakers are anticipating the benefits of February's rate cut, market expectations point to a further 70 basis points being taken away from the Bank of England's discount rate this year.Another non-farm payrolls (NFP) data release is scheduled for Friday, and net job gains are forecast to decline to 170,000 in January, down from December's 256,000.This week, close attention will be given to revisions of earlier data. Over the course of 2024, post-release revisions to the data have been on the upside, disappointing market participants who had hoped that cracks in US employment would help push the Federal Reserve (Fed) to cut rates further.
Trading recommendation: Trading predominantly Sell orders from the current price level.
GBP_USD LONGPrice showed a good Reversal trigger after the aggressive dump from bears earlier in the day. Currently in a long position and price is approaching my Major Bearish Trendline in a Bullish flag pattern, so we'll see how it plays out ; Breakout or Breakdown.
GBP_USD SHORT RESULT Price started it's reversal / Correction to the downside after the major rally and since my Bearish Trendline was still valid I decided to short the price to the 0.618 fib support zone, as we can see Good.
GBPUSD WEEKLY OUTLOOKThere will be numerous major news for this pair this week. The US dollar will fall based on technical analysis, a higher timeframe structure and economic news. I am anticipating a 200+ pips drop to 1.21000. After a failed HH on the 4H timeframe, the price consolidated. I am waiting for a lower timeframe change of structure and confirmation to enter this trade. However, I will advise Traders to proceed cautiously this week, as it is NFP week.
GBPUSDThe Daily Candlestick is still bearish, with a confluence that the DXY is still Bullish, despite the GAP that was created,also we have a strong supply area on the H4, and our entry confirmation conditions was met
GBPUSD at Key Resistance: Will Sellers Push Toward 1.24280?OANDA:GBPUSD has reached a significant resistance zone, marked by prior price rejections and strong selling pressure. This level has historically acted as a key supply area, increasing the likelihood of a bearish bounce if sellers regain control.
With the price now testing this resistance, I anticipate a potential downward move toward the 1.24280 level, aligning with the broader bearish market structure. This setup suggests the possibility of a retracement after the recent upward movement.
Traders should watch for confirmation signals, such as bearish engulfing candles or rejection wicks, to validate the potential for a reversal.
GBP/USD Elliott Wave Analysis – Major Breakout Ahead?🚀 GBP/USD Elliott Wave Analysis – Major Breakout Ahead?
📊 Market Overview:GBP/USD is currently forming a clear Elliott Wave structure, suggesting a potential high-probability move in the coming sessions. The market is showing signs of a strong wave formation, aligning with key support and resistance levels.
🔎 Elliott Wave Breakdown:1️⃣ Wave (1): The initial bullish impulse started from , confirming strong buyer interest.2️⃣ Wave (2): A corrective pullback reached , respecting Fibonacci retracement zones.3️⃣ Wave (3): The strongest move is unfolding, targeting based on wave projections.4️⃣ Wave (4): A minor retracement is possible before the final push.5️⃣ Wave (5): The last leg may take price toward the key psychological level of .
📈 Technical Confluences:✅ Strong demand zone around .✅ Fibonacci retracement aligns with key pivot points.✅ Bullish divergence spotted on RSI.✅ Breakout confirmation needed above .
💡 Trading Plan:
If price breaks above , I expect bullish continuation.
If price rejects from , a short-term pullback may occur before another attempt higher.
📢 Your Thoughts?What’s your outlook on GBP/USD? Do you agree with this wave count, or do you see an alternative scenario? Drop your analysis below! 👇👇
So which one should I choose, wave?
Sterling Testing Multi-Month Downtrend Post-BoE- NFPs on TapSterling turned from confluent resistance today on the heels of the Bank of England interest rate cut. The objective yearly open is eyed at 1.2513 with the upper parallel of the September pitchfork further highlighting the technical significance of this zone.
Support rests with the 61.8% retracement at 1.2261 - losses should be limited to by this level IF price is heading for a breakout here with a close above the 38.2% retracement 1.2609 needed to suggest a more significant low was registered las month / a larger reversal is underway.
U.S Non-Farm Payrolls on tap tomorrow- watch the weekly close here.
-MB
