GBPUSD Bearish Momemtum; SELLING START SOON {Alpha Forex}

GBPUSD Price Forecast: Bearish Momentum Indicates Potential Downside

GBPUSD I'm sharing a comprehensive price forecast for GBPUSD, highlighting recent developments that suggest a potential shift in market dynamics.

Technical Analysis:
GBPUSD GBPUSD has been following an upward trendline within a consolidation range of 1.2610 to 1.2780. However, the recent breakdown of the ascending channel is a crucial development, signaling a potential reversal in the prevailing bullish trend. The market has already breached the top of the consolidation range, and the confirmation of a breakdown adds weight to the bearish outlook.

Trade Scenario:
Considering the breakdown of the ascending channel and the breach of the key support level at 1.2610, I anticipate a continuation of the bearish momentum. The confirmation of a breakdown typically implies a shift in sentiment, and traders should be watchful for potential short opportunities.

Technical Targets:
Upon breaking the 1.2610 support level, my technical targets for this bearish move are set at 1.2500 and 1.2400. These levels align with historical support points and may act as areas where the downward movement could encounter support.

Additional Confirmation:
Adding further conviction to the bearish outlook, a 200EMA and 50EMA golden crossover has been observed in the smaller timeframe, providing additional confirmation of the potential downtrend.

Risk Management:
It's crucial to implement effective risk management strategies, such as placing a stop-loss above key resistance levels, to mitigate potential losses in case the market behaves differently than anticipated.

Conclusion:
In conclusion, GBPUSD breakdown of the ascending channel and the breach of the key support level at 1.2610 suggest a shift towards a bearish sentiment. My technical targets for this potential downtrend are set at 1.2500 and 1.2400, with additional confirmation from the 200EMA and 50EMA golden crossover in the smaller timeframe.

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Best of luck with your GBPUSD trades!

Comment:

Keep eye on this forecast after breakdown the support level then our entry will be activated okay...

Trade active:

TRADE ACTIVATED, In smaller timeframes break the EMA that means golden crossover of 200 EMA & 50 EMA....

Comment:

Follow me for more forecast analysis like this so Don't forget like & comment ...

Comment:

Start falling to our support zone after breakdown this level our 2nd entry will be initiated ✅👍

Trade active:

📉 GBPUSD Update: Navigating the retracement and resistance level like a pro! Market falling from the consolidation range's resistance at 1.2760 to 1.2630, securing a successful 130+ pips profit. Cheers to the journey of trading success! 💹💰👍

#GBPUSD #TradingProfits

Trade active:

After breakdown the strong support level however Itold you, after breakdown that level now it has came back to the resistance level after strong bearish candle sign the we sure about it'll fall to our target zone...

Trade active:

Take resistance from 50EMA also already golden crossover of EMA's..

Comment:

Exciting update on GBPUSD! Following a breakdown of a strong support level, the pair retraced before forming a powerful bearish engulfing candle, confirming a potential move towards our target levels. Your continued support means a lot - keep following for more insights, and don't forget to like and comment on my analysis for an enhanced experience. Thank you for your ongoing support!

Comment:

📈📉 GBPUSD Consolidation Alert! 🚨📊

Traders, pay attention to GBPUSD:

🔄 Consolidation Phase: GBPUSD is currently consolidating around the retracement level, which serves as our entry point.

👀 Key Entry Point: This consolidation presents an opportunity for us to enter the market strategically.

💡 Supporting Analysis: Your continued support enables us to conduct better analysis and make informed trading decisions.

Stay vigilant and watch for potential entry opportunities as GBPUSD navigates this consolidation phase! 🌟📈 #GBPUSD #ConsolidationAlert #TradingOpportunity