Buy gbpusdLast week show fake breakout and now daily and weekly candel start from upside the trend
Min.. target 800 pips
Daily and weekly oversold pair
GBPUSD trade ideas
update on gbpusd buy held through out friday session close and weekend . TP hit. followed the required rules and let price do what it needs to do .
GBPUSD H4 | Bearish ReversalBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2615, which is a pullback resistance and a 61.8% Fibonacci retracement.
Our take profit will be at 1.2539, a pullback support level.
The stop loss will be at 1.2702, an swing high resistance level.
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Bearish drop?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as an overlap support.
Pivot: 1.2615
1st Support: 1.2324
1st Resistance: 1.2825
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a clear vision why i take trade that i might lossSo let's talk.
So basically, I believe if you know the price going own or up you can follow it. But to mark it you need a high and low. Just like that but the hard part is to find the high and low. o if you find a higher time frame high or low. You can see the market going up or down.
I find the higher time frame high I suppose and by finding it I can find the market direction. But I am not talking about an entry in the HTF. So I am taking ltf entry ( not verification). In every impulse move of HTF, there is a lower time frame trend. So I am trading the LTF trend. in this case a downtrend. But the trick part is, if I fail the LTF entry I will short based on the HTF downtrend. So you can see the marking is all LTF. Enjoy my 50:50 trade were I didn't verify the LTF entry using a 3 or 1 minute time frame.
Potential bearish drop?GBP/USD is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% and the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.2619
Why we like it:
There is a pullback resistance level that aligns with he 61.8% and the 23.5% Fibonacci retracement.
Stop loss: 1.2725
Why we like it:
There is am overlap resistance level that is slightly below the 50% Fibonacci retracement.
Take profit: 1.2473
Why we like it:
There is a pullback support level.
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GBP/USD Longs from this weekly demand This week, my analysis suggests that GU is likely to experience a bullish reaction from its current position. Price is sitting within a key weekly demand zone and has already surpassed the 50% retracement mark, signaling a potential area for long opportunities.
At the current level, there is a 1-hour demand zone nearby, with another demand zone just below it. I plan to watch for price accumulation in these areas, particularly to take out the weekly low. Once that occurs, I’ll look for my lower time frame confirmation to enter long positions. My primary target will be the Asian session high near the supply zone above.
Confluences for GBP/USD Longs:
- Liquidity Targets: Significant liquidity rests above, including the Asian session high.
- Supply Zone Mitigation: A strong supply zone above has yet to be mitigated.
- Retracement Setup: The bearish trend suggests the need for a retracement upward.
- Imbalances Above: Price has left clear imbalances that need to be filled.
- Weekly Demand Zone: Price is currently reacting within a high-probability weekly demand area.
P.S.: If price opens the week with bullish momentum but doesn’t provide a clear entry setup, I’ll shift my focus to the mitigation of the supply zone above. This would present potential sell opportunities to continue the broader bearish trend.
Will bears keep pushing this market lower?taking a deep dive into GbpUsd, we are more likely to see a pull back to the 1.2600-700 level and a reaction from that level should lead to a further downside, looking for a 4h bearish engulfing candle and a 1h evening star at this area of interest before taking a position.
GBPUSD is in the Selling Direction after breaking suPportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
MY ANALYSIS ON GBPUSDGBPUSD is on down trend and has broken daily rectangular channel . weII, patiently wait for the retest and candle confirmation to join the sell.#krizzforex
GBPUSD TRADE SETUPWait for retest the entry level and bearish momentum and confirmation candle then take a trade for Sell otherwise skip this setup
GBPUSD at Weekly Support ZoneGBPUSD is at its weekly support zone where at the closing of the last week, Bulls gained their strength after a bearish setup. Now it is ready to Go Back as the Bullish Trend has been started.
Sell Idea on GBP/USDThe GBP/USD pair is showing bearish pressure after rejecting the resistance level at 1.2300. The formation of lower highs and the break below the 1.2200 support level indicate potential continuation of the downtrend.
🔹 Technical Analysis:
The 1.26000 level is acting as a strong resistance zone.
The RSI indicator is below 50, supporting bearish momentum.
🔹 Key Notes:
Ensure proper risk management with a risk-to-reward ratio of at least 1:2.
Watch for key economic events related to GBP and USD that could impact this pair.
This idea is for educational purposes only, and trading decisions are the responsibility of the trader.
GBPUSD SHORTWe remain strongly bearish on GBP/USD, and the pair is expected to continue its downward movement next week. USD news is likely to come in relatively strong, putting additional pressure on GBP/USD. Moreover, economic uncertainty in the UK, combined with the global geopolitical situation, is making GBP/USD even weaker. Last week, I highlighted that GBP/USD was heading lower while many anticipated an upward move. I see the same pattern unfolding this week. Stop trying to catch a reversal—stick to the trend and align with the fundamentals.
Is the pound losing its important support?Considering the resistance in the range of 1.2570, if this area breaks, we can expect that the range of 1.2685 will continue to rise. Otherwise, the support range of 1.2471 will be broken Expect to continue falling to the range of 1.2343
Looking to long GU and then short itGoing to long (counter-trend) GU after it closes past the 1H high, then comes back for the retest. Then later short it (trend)
TRADE OF THE CENTYURY we had a clear multi touch identification pattern on the supporting trend, price went up to create a running channel which is also on its third touch at support. the bullish momentum will be great as the dxy has also shown signs of a promising bearish move
GBP USDSell Entry on a Bullish Retracement: If the price rises to the 1.2570 - 1.2600 level (a potential resistance area close to the current price), you can enter a sell position.
Entry Confirmation: Wait for confirmation by a bearish candle closing on a smaller timeframe (such as 15 minutes or 1 hour) at this area.
Stop Loss:
Set the Stop Loss above the local resistance: The Stop Loss can be placed at the 1.2630 level. If the price breaks this level upwards, the potential downtrend might be reversed.
Targets (Take Profit):
First Target (TP1): At the 1.2480 level, which is close to the recent low.
Second Target (TP2): At the 1.2420 level, a deeper potential support level if the decline continues.
You can adjust the Stop Loss to the entry level after reaching the first target to ensure risk reduction.
GBP/USD "Trump Comeback Could Drive Dollar Strength"FOREXCOM:GBPUSD Analysis – What’s Coming Next & How Trump Could Affect the Dollar
Right now, FOREXCOM:GBPUSD is hanging around 1.25000, and we’re expecting a bit of a pullback from here. But there’s more going on—Trump’s possible return to office could have a big impact on the U.S. dollar and how the pair moves in the future.
Pullback from 1.25000 – Headed to 1.27000
The market is at a key spot around 1.25000, which has been a point where price often stalls. So, a pullback from here is pretty likely. After that, we could see the price rise to 1.27000 before it drops again. This is a good spot to catch a short-term bounce.
Target: 1.22000
Once we hit 1.27000, expect the price to start heading lower towards 1.22000. This is a big support level, so we might see some back-and-forth here. If it breaks 1.22000, though, we could see the price drop further.
Trump’s Comeback – U.S. Dollar Could Get Stronger
Now, here's where it gets interesting. If Donald Trump makes a comeback and gets back into office, it could really boost the U.S. dollar. In the past, his policies helped the economy by cutting taxes and lowering regulations, which made the dollar stronger. If he returns, there’s a good chance the Fed might raise interest rates, which would make the dollar even more attractive to investors.
If the dollar strengthens because of Trump’s return, FOREXCOM:GBPUSD could see even more downward pressure. In fact, we could see the pair drop not just to 1.22000, but even lower—1.20000 or 1.19000. Worst case, the pair could even go all the way down to 1.40000 if the dollar really takes off.
What If It Breaks 1.22000?
If 1.22000 doesn’t hold, we could see a big drop to levels like 1.20000 or even 1.19000. With Trump potentially driving the dollar higher, the move down could be stronger than expected.
Quick Recap
Pullback from 1.25000, possibly heading to 1.27000.
After that, we expect a drop to 1.22000.
If Trump comes back, the TVC:DXY could get stronger, and FOREXCOM:GBPUSD could go lower—maybe even to 1.14000.
If 1.22000 breaks, look for further drops to 1.20000 or lower.
So, in short, there’s a solid setup for a bearish move on FOREXCOM:GBPUSD , especially with the possibility of Trump’s return pushing the dollar higher.
Have a good trades everyone!
GBP/USD waiting for the exit Look at the formation of a chart pattern in this case it’s a ascending triangle in the 30 minute timeframe but we are currently on a bearish downtrend so what are we specking form this triangle a continuation or a reversal all the way to the upside ?
GBPUSD (USDGBP) - BROADENING WEDGE CHART PATTERNGBPUSD had broken out of the broadening wedge. We could see further momentum on PA to reach price objectives for broadening wedge. Will continue to look for SHORT scalps opportunity on every retracement till PO is met.
GBPUSD: Important Support & Resistance Levels Next Week 🇬🇧🇺🇸
Here is my latest structure analysis and important
support & resistance levels for GBPUSD for next week.
Consider these structures for pullback/breakout trading.
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