GBPUSD ShortBased on the previous analysis, I was anticipating that this pair will first go to the order block at 1.26 before going downwards.
According to the higher timeframe(Monthly), it seems that the HH of the month has already been formed, at 1.254, and I do anticipate that the price will be attracted to the Sellside liquidity at 1.23 and FVG at 1.198
Entry at 1.245, Target 1 at 1.23 Target 2 at 1.204 and Sl at 1.252.
Gbpusdshort
GBPUSD Pattern FormationThis currency has been on a bearish run for the past few months.
If the price happens to STRONG breakout and close above the Daily Market Structure Shift,
then we can have a buy limit at the BISI FVG formed between 1.254 and 1.256.
If the price happens to wick above the Daily Market Structure Shift and close below it,
then we can have a sell order at Daily -OB at 1.25.
We will have entry positions using a smaller time frame
GBPUSD SELL IDEAThere are 2 entries as can be seen in this chart. The first is for scalpers to sell before the end of the day. The second is the main sell. Market makers would play around the first sell, causing a consolidation there that would probably end the days trade. Before going to grab liquidity at the open inefficiency for the final sell. Both options are accurate, but you risk more if you are not a swing or day trader at the first entry
Gbpusd setup GBP/USD trades with a positive bias for the third straight day and rises further above the 1.2700 mark in the European session on Thursday. The pair takes advantage of the sustained US Dollar weakness and mild risk appetite heading into the US data releases later in the day The Relative Strength Index (RSI) indicator on the 4-hour chart holds slightly above 50 and GBP/USD managed to hold above the 100-period Simple Moving Average (SMA) after testing this level several times since Tuesday, highlighting sellers' hesitancy.
Looking north, resistances could be spotted at 1.2700 (Fibonacci 38.2% retracement of the latest downtrend), 1.2750 (Fibonacci 50% retracement) and 1.2810-1.2800 (Fibonacci 61.8% retracement, 200-period SMA). On the downside, immediate support is located at 1.2650 (100-period SMA) before 1.2630-1.2620 (50-period SMA, Fibonacci 23.6% retracement) and 1.2600 (round level, static level)
GBPUSD Analysis: Anticipated Decline from Key Selling ZonesOn the H4 timeframe, GBPUSD is currently approaching identified selling zones, specifically Zone 1 at 1.2614 and Zone 2 at 1.2660. Anticipation is for a downward price movement initiating from either of these zones.
Projected price targets include:
Target Price 1 at 1.2447, expected to be reached within the forthcoming week.
Target Price 2 at 1.2301.
We will continue to monitor and update the chart dynamically as price action evolves.
My plan keep SELLING GBPUSD all timeframe*Notice: It is Xmas and New Year holiday so that the Market is very slow and low volume. (reduce volume on your trading position)
About this Plan for OANDA:GBPUSD today:
- I saw a strong downtrend structure on almost timeframe of GU : D1 - H4 -H1
- I saw Confirmed downtrend signal on H1 and also H2 timeframe
So I make this plan for SHORT GBPUSD today:
Entry Zone: 1.25200 - 1.25300
Stoploss: 1.25700 (=1R)
Target Expected:
target 1: 1.24500
target 2: 1.23500 (RR= 4.1)
gbp usdGBP/USD regains its traction and trades in positive territory near 1.2550 after declining toward 1.2500 earlier in the day. Nevertheless, the cautious market mood limits the pair's upside as trading volumes remain low following the Christmas break.
The Pound Sterling (GBP) weakened against its major counterparts as expectations grew for a dovish policy stance from the Bank of England (BoE) in the coming year. In December, the UK central bank held its key interest rate steady at 4.75%, but a surprising split vote—where three policymakers supported rate cuts—hinted at a potentially faster pace of easing in 2025
Market expectations for 2025 now include a 53-basis-point (bps) rate cut, up from the previously anticipated 46 bps. This adjustment follows a 6-3 vote by the Monetary Policy Committee (MPC), with three of the nine members advocating for a 25 bps rate reduction. Investors interpreted this as a clear signal of a dovish shift on the horizon.
Stop!Loss||Market Watch: GBPUSDStop!Loss||Market Watch: GBPUSD
In correlation with other foreign currencies, GBPUSD is in a downtrend phase against the U.S. dollar, having reached annual lows at extremes near the values of 1.2475.
In correlation with the previous forecast on EURUSD, the following possible scenarios for GBPUSD can also be predicted.
If the downtrend shows its strength, the rate decline may continue, which may be signaled by a downward breakdown of the year's lows at 1.2475.
At the same time, on the four-hour time-frame over the last few days we can identify the formation of a potential reversal formation of the “descending wedge - triangle” type, which ended with its upper directional breakdown.
Thus, if the rate continues its recovery and overcomes the resistance at 1.2615, and then breaks out of the downward channel of the last few months, it will serve as a technical signal to change the downtrend and further growth of the rate.
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GBP/USD Retests Broken Trendline: Sharp Fall Ahead?GBP/USD has broken below a strong rising trendline support and is now trading at a critical support zone.
The price is currently retesting the broken trendline.
If it fails to hold this key support, we anticipate a sharp decline in the coming sessions. Monitor this level closely for confirmation.
DYOR, NFA
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Goal 🎯: 1.23800 (or) Escape before the goal
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GBPUSD SELL | Idea Trading AnalysisGBPUSD is moving on support zone and and made a head & shoulder pattern
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Short Setup Limit order GBPUSD day trade before news👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 timeframe ICT Short setup in
GBPUSD for session trade (a couple of Hours)
Here is a session trade idea Sell limit order level for reference, TP and SL in pips
Cancel limit order before any great news in Forex.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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GBP/USD Sells from 1.2700 back downThis week, I expect GBP/USD to continue its downtrend, following a clear change in character and a break of structure on the higher timeframe, signaling bearish momentum. My primary plan is to wait for a retest of the 2-hour supply zone, located above the Asia high. Once the Asia high is taken, I’ll look for confluences to execute potential sell trades.
If the 2-hour supply zone fails to hold, I’ll shift my focus to the 10-hour supply zone, which represents a significant structural point. Should price distribute in this area, I’ll look for major sells to align with the prevailing bearish trend.
Confluences for GBP/USD Sells:
- Liquidity Below: There’s substantial liquidity to the downside waiting to be taken.
- Bearish Momentum: The pair has been bearish over the past two weeks.
- Break of Structure: Price has broken key levels to the downside on the higher timeframe.
- DXY Correlation: The dollar index (DXY) is aligning with this bearish setup.
- Key Supply Zone: A well-defined supply zone caused the initial downside move.
Note: As price approaches the 8-hour demand zone, I’ll also consider any long opportunities to take price up to the supply zone for a countertrend move, rather than waiting for bearish setups exclusively.
Fri 13th Dec 2024 Daily Forex Charts: 8x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 8x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a EUR/USD Sell, GBP/USD Sell, Silver Sell, AUD/CHF Buy, EUR/AUD Sell, GBP/AUD Sell, AUD/NZD Buy & CAD/CHF Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
GBPUSD – retesting the 200dma from below .. the week of 09 DecAfter being in bullish territory (above the 200dma) for over 6 months, this pair has broken below and on Fri, it retested (bounced off) the moving average. That is my reason #1 for a bearish bias.
#2 – The area around 1.2750 is a significant s/r & price has met with resistance here.
#3 – The bullish move we saw over the last 2 weeks was a retracement of the down move that began on 06 Nov.
#4 – This retracement of 50% coincides with the 1.2750 s/r level.
#5 – The weekly and daily chart are in complete alignment with this analysis.
#6 – The H4 chart shows how price has been moving in an equidistant channel during the retracement phase. Like most retracements, this move has been weak and shallow.
I believe that price will break out of this channel to the downside and the bearish move will soon continue. If this happens, price will also move below the 20sma. This will complete the picture I want to see for bearish price action.
I will place my stop above today’s daily pin bar and will initially target the 1.2340 region. My expectation is that this has the potential to be a prolonged bearish trend.
This is not a trade recommendation, merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
GBPUSD Sell AnalysisAs we didn't see a sharp bearish move to create a bearish OB, So I think the price will go higher to touch the supply area and then starts to go down sharply.
We have to wait for more confirmation...
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
GBPUSD Sell Limit OrderHi everyone.
I think with this bearish engulfing candle we have an area with a good potential to go short.
Lets see what happens...
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
GBPUSD Sell Limit OrderHi everyone.
I think with this bearish engulfing candle we have an area with a good potential to go short.
Lets see what happens...
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
Sell GBP/USD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2668
2nd Support – 1.2620
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
GBPUSD SELL The US Dollar (USD) fell following the release of the United States (US) Nonfarm Payrolls (NFP) report, pushing GBP/USD to a fresh one-month high of 1.2810. According to the US Bureau of Labor Statistics (BLS), the country added 227,000 new job positions in November, beating the 200,000 expectedAdditionally, the Unemployment Rate ticked up to 4.2% in November from 4.1%, meeting expectations. The Labor Force Participation Rate edged lower to 62.5%, while the annual wage inflation, as measured by the change in the Average Hourly Earnings, held steady at 4%, coming in above the market forecast of 3.9%.The US Dollar, however, trimmed losses and gained momentum after the release of the preliminary estimate of the December US Consumer Sentiment Index, which jumped to 74 from the previous 71.8 while beating the expected 73The British Pound turned negative against the USD on a daily basis, with the pair hovering around 1.2700. The 200-day Simple Moving Average (SMA) attracted sellers, currently standing at around 1.2820. The 20-day SMA, on the other hand, maintains its bearish slope below the current level at 1.2690, the immediate support en route to the 1.2650 price zone
GBPUSD to find bears at current market price?GBPUSD - 24h expiry
The primary trend remains bearish.
The rally is close to a correction count on the intraday chart.
Risk/Reward would be poor to call a sell from current levels.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.2735.
We look to Sell at 1.2735 (stop at 1.2765)
Our profit targets will be 1.2645 and 1.2620
Resistance: 1.2750 / 1.2780 / 1.2800
Support: 1.2660 / 1.2630 / 1.2600
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GBPUSD Analysis - Bearish - Trade 031. Seasonality
The GBP is range-bound during the first week of December, while the USD exhibits bearish momentum. This suggests a neutral to slightly bullish outlook for GBPUSD based on seasonality.
2. COT Report
The GBP's COT RSI is also range-bound, indicating no strong directional bias.
3. Fundamental Analysis
LEI
The GBP Leading Economic Indicator (LEI) is decreasing, while the USD LEI is increasing. Global LEI is also rising, favoring USD strength and suggesting bearish pressure on GBPUSD.
Endogenous Factors
GBP endogenous factors are signaling a sell, adding to the bearish sentiment for GBPUSD.
Exogenous Factors
Exogenous indicators for GBPUSD are also showing a decrease, further supporting a bearish outlook.
4. Technical Analysis
GBPUSD is forming an ABCD pattern and is currently moving toward point D. The 0.5 Fibonacci retracement level at point C is also coinciding with a 4-hour resistance, suggesting a potential reversal or slowdown at that level.
Bias
The combined analysis suggests a bearish bias for GBPUSD, with the 0.5 Fibonacci level and 4-hour resistance offering a critical point to consider for potential short entry.
Trade Plan:
Entry: 1.26520
SL: 1.27273
TP: 1.25769