GBPUSD for bearishIm looking for shorting this pair. Possible impulsive down.. Trade with your own risk.Shortby ewtradersbhUpdated 5
Sell GBPUSD CPI DataThe GBP/USD pair on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a wedge pattern. Possible Short Trade : Entry: Consider entering a short position (selling GBP/USD) below the broken support trendline of the wedge after confirmation. Ideally, this would be around 1.2720 or lower if the price continues to decline. Target Levels: 1.2678: This target is achieved by measuring the height of the wedge (from its apex to the breakout point) and projecting it downwards from the breakout point. 1.2650: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the wedge, ideally with some buffer around 1.2730. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.Shortby KABHI_FOREX_TRADINGUpdated 4
GBP/USD - Buy zone!Hi there! I'm buying the GBP/USD : -RMID (Range Manipulation Initiation Distribution) -We have liquidity. -We have an interesting zone. -We have the optimal fibo. -We have accumulation before/on the zone. -We are with the trend.Longby InfiniteY5
CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!🎯Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 1.26000 to 1.25900. Additionally, medium-risk buy zone between 1.26570-1.26470, respectively, are highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 1.26000 and 1.25900, serving as a low-risk buy. Medium-Risk Buy Zone🟠: Noted between 1.26570 and 1.26470, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 1.26200: Possible retracement area. 1.26500: Possible retracement area. 1.26750: Significant supply zone. 1.27600: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Longby TTradessss5
GBPUSDLooking at gbpusd, I thing it will have o drop to the gray area before shooting UP. Hopefully it will respect our analysis as much as it respected the trendShortby Richman_Pinnacle_Group117
An ideal position may develop for GBPUSDIf the price can rise up to 1.27484 to 1.27686, based on the following analysis, it can have a good return: 1- Elliott wave analysis which includes 5 complete waves. 2- Fibonacci retracement point analysis. 3- The stock is in the overbought area. 4- Trend line in daily time. This is my analysis that you can see in the chart. Good luck.Shortby siyamakshafighfard3
GBP/USD SWING SHORT We are currently bearish on the daily timeframe and price just came into a very strong resistance level/order block with the daily stochastic RSI in the way overbought territory. I am in on shorts from 1.27500 and looking to hold it unless price says otherwise. Shortby RemzyFXUpdated 3
H4 Bearish Trend GBPUSDGBPUSD had HTF strong bearish trend which was confirmed by H4 ChoCh. Now the market has succeeded pullback to 75% Fibo level or 388 level of Fibo extension. My analysis, GU will continue the bearish trend & retest the unmitigated shadow on 24500-25000 level. *disclaimer ON *DYORShortby VoxNexus3
GBPUSD. Weekly trading levels 27 - 31.05.2024During 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_Hoby3
idea on a trade GBP USDWe have a great set up here where price could go.GBP/USD closed in negative territory on Thursday and snapped a four-day winning streak. After touching its lowest level in a week below 1.2680 in the early European session on Friday, the pair recovered to the 1.2700 area.by EZIO-FX3
Short Sell @ 1.29, Long Term Buy @1.25 - Target 1.40?Looking at the weekly chart, Cable has been forming a triangle/wedge pattern, which could also be viewed as a bullish flag after the rise from 1.035 to 1.31500. So, what’s next? In the bigger picture, I’m bullish on this pair, but there will also be short-term selling opportunities. I expect the price to move up towards March's high at 1.29, slightly above the wedge trendline. This area should act as resistance, where I will look to sell short term. I’ll execute this sell idea by using my TRFX indicator to look for sell signals as the price moves above 1.285 towards the high. My stop loss will be above 1.30, and the target will be down towards the bottom of the range at 1.25. If this first part plays out and we see the move back down towards 1.25, which is the wedge bottom trend line, this will be a great area to get in for long-term buys. The target will be a break and close of the weekly wedge, first aiming for last year's high at 1.315. This will be another good short-term selling area, anticipating a move down to test the wedge breakout area. This could be a spot for buyers to test the 2021 highs above 1.40. I’ve charted what I believe is the likely path for this pair over the coming months and year ahead. Let me know what you think in the comments. Longby TheFxAce4
BEARISH GBPUSDi am more interested in this pair, where the price action is very clean. buyside is being taking out creating structure to the downside. once is it is formed , then it is likely to retrace at least to the c.e point ( mid point of the pd array. sell from premium levelShortby ICT_spartan3
GBPUSD = SELL📊📈💸Look at the DAILY scenario price has a premium zone with a rejection wick, a confirmation for a reversal, you can look for a market structure shift or an aggressive entry for SELL'SShortby welcomethembelihle993
GBP/USD - Buy zone!Hi there! I'm buying the GBP/USD : -RMID (Range Manipulation Initiation Distribution) -We have liquidity. -We have an interesting zone. -We have the optimal fibo. -We have accumulation before/on the zone. -We are with the trend. Longby InfiniteY4
British pound buyers pressure to set new recordBy examining the trend in the four-hour time frame, the British pound, on the condition of maintaining and not registering any close candle time of four hours under the support of 1.2729, the rate can increase up to the resistance range of the ascending channel ceiling in the range of 1.2823-1.2814.Longby arongroups3
GBP/USD: Bearish Momentum Anticipated After Bullish SurgeHello Everyone, After a significant uptrend in GBP/USD, the market sentiment is shifting towards an expected return to bearish territory. TradeWithTheTrend3344Shortby TradeWithTheTrend33444
GBPUSD - BearishGBPUSD is syncing so many signs that drifting me to think negative. Trend line is testing its perfect touch at a strong resistance. A perfect bearish divergence every single sign is directing me to take a safe bearish entry I will now wait for new lower High and Lower low formation for the trend confirmation so I will take a decent profitable entry. ThanksShortby tayyabbarakzoi3
GBPUSD STRUCTURE As your trade doctor is here to cure you from analysis paralysis and remove you from a state of confusion, this is the structure we will be following, the weak high has to be taken out before we can look for sells because we are already in the 4H supply zone but without the 15 minute we cannot confirm that the 4H is pilling back for a sell trade, do well to like share and follow.by Dr_Trade13
GBPUSD BEARSHello Traders. Another week is here to maximize market opportunities. GBPSD has been in a range zone. Zone ranging 1.2750 & 1.2700. Previous week we saw bears breaking support zone then closing the week back at resistance level 1.2745. Support Zone 1.2700. All systems from my POV look green for bears on H4 timeframe. Bulls would only confirm a continuation if we see a close above 1.2760.Shortby J_Ngatia2
Sterling Falters at Confluent ResistanceGBP/USD seems to have exhausted into a major pivot zone we've been tracking since last year at 1.2773-1.2816 - a region defined by the February 2019 low and the July reversal close. The April rally is vulnerable while below this threshold. Weekly support rests with the yearly low-week close (LWC) at 1.2493 with key support steady at 1.2364 . A topside breach / close above the 52-week moving average (currently ~ 1.2859 ) is ultimately needed to suggest a larger breakout is underway / a more significant low was registered last month. Stay nimble into the monthly crossover and watch the weekly closes here. Michael Boutros @MBForex by FOREXcom2
GBPUSD - Potential long ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for long position. My point of interest is if price makes a retracement and then rejects from trendline + liquidity zone. Fundamental analysis: This week on Wednesday (GMT+3) we will see results of yearly CPI on GBP, news with high impact on currency. Like, comment and subscribe to be in touch with my content!Longby Snick3rSD2212
Casting the Trade Spell: Riding the Waves of GBP/USD Correction!Hello dear traders what do you think about this pair please comment..!? 📉 Behold the tumultuous dance of the GBP/USD currency pair as it boldly shatters the chains of its trend line and crucial support zone! 🎯 With precision akin to a seasoned archer, it now sets its sights on a predetermined destination. 🏹 As the correction journey unfolds, a tantalizing prospect emerges—a potential pullback to revisit the sacred ground it once conquered. 🔄 Amidst the charts and candlesticks, a golden opportunity gleams like a hidden treasure—a chance to wield the scepter of the seller and navigate the waves of correction with finesse. 💼💰 Let us embark on this voyage with confidence and strategy! 🚀Shortby MrCharlie1Updated 2267
GBPUSD. Weekly trading levels 20 - 24.05.2024During 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 7