GBPUSD Weekly analysisThis is the Expected move on GBPUSD this week and then we will find our buying opportunities once we are respectedLongby GoldenB55225
GBPUSD Potentialy SELL until support level 1.2707Sell Recommendation for GBP/USD to Support Level 1.2705 1. Price Action Analysis: - Candlestick Patterns: - Bearish Engulfing: Indicates a bearish reversal after an uptrend. - Pin Bar (Shooting Star): Shows rejection of higher prices, indicating potential downside. - Resistance Level: If the price approaches resistance and shows signs of reversal, this is an opportunity to sell. 2. Market Structure and Trend: - Bearish Trend: Lower highs and lower lows indicate a downtrend. - Breakout and Retest: If the price breaks a support level and retests it as resistance, sell at this point. 3. Chart Patterns: - Double Top: Two peaks at the same level, followed by a price drop, signal a sell. 4. Confirmation and Execution: - Entry Point: Wait for a bearish candlestick confirmation near resistance before entering a sell position. - Stop Loss: Place a stop loss above the nearest resistance level. - Take Profit: Target take profit at the support level 1.2705. Example Strategy: 1. Identify Resistance: For example, at 1.2800. 2. Confirm Reversal: Wait for a strong bearish candlestick (bearish engulfing or shooting star). 3. Enter Sell Position: After the bearish candlestick closes. 4. Set Stop Loss: Slightly above resistance, e.g., at 1.2820. 5. Set Take Profit: At support level 1.2705. With this strategy, you can effectively utilize price action and key levels to make clear and informed trading decisions without using technical indicators.Shortby adriyan_junior116
Retail Andy Falling wedgeThis is a wedge it will break out at somepoint who knows xD For now i'm bearish Shortby VerumTech115
GBP/USD Short-Term Trend: Potential Upside AheadGBP/USD is hovering around 1.279, above both EMAs. However, the short-term trend remains uncertain due to the influence of: USD: Strong ADP data supports USD, but slow US economic growth could weaken it. Fed Rates: Potential two rate cuts could diminish USD appeal. Economic Data: US unemployment claims and trade balance reports on Thursday will guide sentiment. Prediction: Short-term trend may continue up if US data is weak and Fed cuts rates. Longby Rena_Potter115
GBP-USD Swing Long! Buy! Hello,Traders! GBP-USD is going down In a bearish correction But will soon hit a Strong horizontal support Of 1.2683 from where A bullish rebound Is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals224
Journey with cable for far Setting the Long spike for NFP, before bear market. Mine own ideas on gbpusd ♥️Longby Adorablefx113
GBP/USD Struggles to Capitalize on Recent Highs/USD is finding it difficult to sustain its move to nearly a three-month high established earlier this week. Fed rate cut bets keep the USD's upward trend in check, offering some support to the pair. The technical setup confirms a positive outlook and supports the potential for higher gains, as the trendline remains robust!by Alexander_BennettUpdated 19
gbpusd is bullish GBP/USD pulled back as traders took some profits off the table after the recent move. If GBP/USD moves above the 1.2800 level, it will gain additional upside momentum and head towards the resistance at 1.2875 – 1.2900.Longby MtICHI223
GBPUSDGBPUSD is in bullish momentum, but there is divergence on RSI, possibly there is a pullback/retracement, trade plan mentioned on chart. Shortby AsifAwan11112
GBPUSD Forecast for bullish position on Demand Zones 1HFollowing the macro timeframes, GBPUSD has respected the market structure pretty well now expecting to do the same waiting the confirmations on micro timeframes like 15M and 5MLongby NicoSelmanUpdated 113
GBPUSD - BearishThe GBP/USD pair is showing bearish momentum after hitting a strong resistance zone. It is expected to continue this downward trend. The recent lower high (LH) touched the 0.618 Fibonacci level and formed a bearish candle, indicating the establishment of this LH. This suggests a continued bearish movement, potentially leading to a new lower low (LL).Shortby Choughle111
Temporary Sells on GBPUSDCaught sells from this setup. For the next few days/weeks we should see price drop to 1.2 vs the dollar. We will be looking to buy at the end of this setup Shortby WealthCreationFX221
GBPUSD Buy IdeaOANDA:GBPUSD has moved more than 100+ pips down on NFP. Currently, It has been forming Higher Highs and Higher Lows of 15min TF indicating the potential correction of unsustainable new momentum. We can look for long opportunitiesLongby haider_aabbas112
GBPUSD WEEKLY BREAKDOWN GBPUSD rejected a key level on the weekly which caused a major retracement on the daily and 4hr timeframes.Short06:13by Technicalrayner222
Give a Little...Take a Littlemanage to grab a scalp during London session but the bigger move came in NY session. Price is still indecisive and not showing what direction it wants to go just yet. Just have to sit on hands for now. Waiting for london session to see if things change. Short01:59by DWoodz221
Navigating GBPUSD unveiling the Resistance zone It sounds like you're analyzing the GBP/USD currency pair with specific focus on recent price levels and potential future movements. Here's a breakdown of your analysis and some additional context: Breakout from 1.2743: This suggests that the GBP/USD pair has moved above the 1.2743 level, which you likely consider a significant breakout point. Resistance at 1.27020: This level likely acted as a previous resistance that the price has overcome, confirming the bullish sentiment. Next resistance at 1.27750: After breaking the 1.2743 level, you're identifying 1.27750 as the next key resistance level that traders should watch. Bullish sentiment: The overall tone of your analysis suggests that the market is currently bullish, meaning you expect the price to continue rising. "Dancing to the target": This phrase indicates that the price is moving towards the next target or resistance level, which you have identified as 1.27750.Longby MrCharlie1Updated 1159
GBPUSD. Weekly trading levels 3 - 7.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_HobyUpdated 115
BUY IDEA GBP/USDFrom the specified support area, we can expect a reaction in the direction of buyingLongby Ali-Rezaei-FX221
GBPUSD is flat as the market is waiting for important newsGBPUSD: The British Pound yesterday also largely accumulated sideways as the market was waiting for important news. However, technically, it can be seen that the upward trend is still being maintained. Therefore, you can consider the option of continuing to buy up GBPUSD today. It is expected that there is a possibility of a breakout to the higher target area around 1.2900 if NONFARM today is unfavorable for USD.Longby Chart_MasterPro112
GBPUSD Support Rejection Identified At 1.2795 06.06.2024- Support rejection identified at 1.2795 on GBPUSD's 30 minutes chart. - If rejection holds, potential upward movement to 1.2807. - Break above 1.2807 may lead to further gains towards 1.2821. - Conversely, if rejection fails, potential downward movement to 1.2786. - Break below 1.2786 could trigger further decline towards 1.2779. Apply risk management Source: BDSwiss Academy Page on Tradingview Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)Longby BDSwiss_Academy110
GBPUSD SHORTWe might see GU drop this week and respect the symmetrical triangle and also if the DXY continuous going up then we will see a negative correlation giving us more confluence to go short.Shortby Fxi_Fe111
Trading signals GBPUSDBUY zone 1.27500 SL 1.27300 Retest fibonacci 0.5. Retesting the EMA 34 and EMA 89 is the perfect retracement for a long uptrend. This is also the DOW breakout area clearly seen in frame h2 GOOD luck to everyoneby TVS-TraderUpdated 221
Bullish Bounce?GBPUSD is currently at the pivot and could potentially rise to the next swing high resistance level. Alternatively, if the price breaks below the pivot, it could continue to fall to the next support level level Pivot: 1.2794 Support: 1.2697 Resistance: 1.2894 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Longby ICmarkets116