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
Gbpusdtrade
GBP/USD "The Cable" Forex Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the GBP/USD "The Cable" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
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however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high/low level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest high level.
Goal 🎯: 1.23800 (or) Escape before the goal
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GbpUsd- Where to sell?The GBP/USD currency pair has been in a downtrend for quite some time.
Recently, however, after dropping just below the important psychological level of 1.25, the pair started to reverse and show some upward movement.
While this rise is notable, it is important to recognize that it appears to be corrective in nature. The price is currently forming a rising wedge pattern, which typically signals that the uptrend may soon lose momentum. Based on this technical structure, I expect the downtrend to resume in the near future.
In my opinion, any rallies above the 1.28 level should be viewed as potential selling opportunities. A stop loss placed above the 1.29 level would ensure a risk-to-reward ratio of 1:3 could be achieved if we target the recent low.
GBP/USD Positioned for Gains Amid DXY BearishnessTechnical Analysis
Monthly Chart:
On the monthly chart, GBP/USD appears overextended to the downside, showing signs of exhaustion in its bearish momentum. This overextension suggests that a reversal or correction is likely, aligning with broader dollar weakness.
Weekly Chart:
The weekly chart also indicates a slowdown in bearish pressure, with candles forming near key support zones. Buyers seem to be stepping in, reinforcing the potential for a trend shift.
Daily Chart:
The daily timeframe shows a strong bullish reversal pattern, signaling a potential trend change to the upside. This reversal is supported by the weakening DXY, which aligns with GBP/USD's upward momentum. The combination of a technical reversal and a fundamentally weaker dollar positions GBP/USD for further gains in the short to medium term.
Fundamental Analysis
Impact of the U.S. Dollar:
The bearish outlook for the DXY directly supports GBP/USD’s potential for upside:
Liquidity Grab in DXY: The recent liquidity grab above 107.348 on the DXY suggests a move lower for the dollar, which would bolster GBP/USD strength.
Federal Reserve Outlook:
Concerns over further rate cuts due to inflation risks are keeping the dollar volatile.
Seasonal labor market strength in November and December may delay immediate rate cuts, but any signs of weakening unemployment or inflation stabilization could lead to long-term dollar weakness.
Upcoming Catalysts:
Key U.S. data releases such as Nonfarm Payrolls (NFP) and unemployment rates could create significant volatility. If unemployment increases and inflation stabilizes, GBP/USD could see stronger upward moves.
GBP Fundamentals:
UK Economic Resilience: Any positive data from the UK economy, such as improved GDP growth or strong employment figures, could further fuel GBP/USD's upward trend.
Rate Differentials: If the Bank of England maintains or raises interest rates while the Federal Reserve signals potential cuts, GBP/USD could gain additional support.
Summary and Outlook
Technical and Fundamental Alignment:
GBP/USD is well-positioned for a bullish move, supported by:
A technical reversal pattern on the daily chart, signaling strong upward momentum.
A bearish outlook for the DXY, indicating broader dollar weakness.
Key upcoming U.S. data releases that may provide further catalysts for a GBP/USD rally.
Price Expectations:
Short-Term: GBP/USD could continue its bullish push, breaking above immediate resistance levels.
Medium-to-Long-Term: With continued DXY weakness and supportive UK fundamentals, GBP/USD may sustain its upward trajectory toward major resistance zones.
GBP/USD’s technical and fundamental alignment makes this pair a strong candidate for further upside potential in the coming weeks. Traders should watch for confirmation from U.S. economic data to reinforce this analysis.
Is GBPUSD Setting Up for a Buy Opportunity?👀 👉 GBPUSD has shown impressive momentum, rebounding strongly from a key support level. The big question is—what’s next? I’m keeping a close eye on the price action, watching for a potential buy setup if the price continues to push higher from this level. Patience is essential, as waiting for confirmation can be the key to consistent results. 📢 *Disclaimer: This content is for educational purposes only and does not constitute financial advice.
Scenario on GBPUSDWe have created a higher low on the market, which will ultimately mean for me that I will wait to see how the situation develops regarding the marked point. If the price breaks below, it still won't matter because the support is set below which the price would have to fall to start considering a short position. From this perspective, I rather like to return to the creation of a double bottom or some other formation for establishing an SFP because around the price of 1.274 - 1.2867 we don't have selected liquidity and from this price the resistance at the price of 1.3 is very close. This is just my view of the entire situation around this market.
EURUSD and GBPUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD I Possible retest and decline within the channel.Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPUSD "The Cable" Forex Market Heist Plan on Bullish SideHello!! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist GBPUSD "The Cable" Forex Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
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GBPUSD Such a Easy Peezy Sell setupHello Guys just now i found one of the easiest setup forming for the downside target at 1.2614
entry can be taken just above 1.2688 level with a Strict stoploss at 1.2720 level.
Guys we are in the end of the week and we have already made a hell lot of move towards one direction, even we have a British pound GDP data release, setup is easy but please expect risk of retracement and keep risk low. However this is a perfect setup to go short with.
if any help needed or any query just a message away
Have a nice great day :)
GBP/USD "Cable" Bank Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist GBP/USD "Cable" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point.
Stop Loss 🛑: Recent Swing High using 2h timeframe
Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
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GBP / USD ! Support and good news for GBP ! signal BUYGBPUSD trend forecast November 12, 2024
The GBP/USD slipped back to recent lows on Monday, dipping below 1.2900 as traders await UK wages and jobs data set for release early Tuesday. Despite a quiet US session, risk-on sentiment remained strong, which continued to support the US Dollar.
Good news data forecast for GBP with H1 support - suitable for BUY signal
/// BUY GBP/USD : zone 1.28400 - 1.28200
SL: 1.27800
TP: 40 - 100 - 200 pips (1.30200)
Safe and profitable trading
GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBP/ USD ! 11/4! Resistance H1 SELL NOW ! not NEWS GBP/USD trend forecast November 4, 2024
The GBP/USD pair rises to around 1.2970 during Monday’s Asian session, aided by a weaker US Dollar (USD). The USD faces pressure after October's soft US Nonfarm Payrolls (NFP) data, supporting the pair's gains. Following a 50 bps rate cut in September that initiated the easing cycle, the US Federal Reserve (Fed) is expected to lower rates by 25 bps in its November meeting, with markets assigning a 97% probability to this move. The Dollar weakens as traders prepare for the US presidential election and the Fed’s rate decision this week.
There was no USD and GBP news data at the beginning of the week, the price recovered and hit the H1 resistance, along with the 2nd GAP. DOWN to fill liquidity, stabilize the price trend during the week.
/// SELL GBP/USD : zone 1.29970 - 1.30200
SL: 1.30500
TP: 60 - 120 - 200 pips (1.28200)
Safe and profitable trading
GbpUsd- Preparing for reversalAs I mentioned last week, I’m closely monitoring the GBP/USD pair for a potential upside reversal.
This expectation is based on the recent overlapping decline, which is contained within a channel, as well as the proximity to a significant support level.
In recent days, the pair hit a local low of 1.2912 before reversing toward 1.3000 and beginning a consolidation phase.
I believe it’s only a matter of time before GBP/USD clears the 1.3000 mark, potentially accelerating toward a target around 1.3150.
GBPUSD: +600 Pips Buying Opportunity! Comment down your views! Dear Traders,
Hope you are having a great weekend, our latest idea on GBPUSD, sell did not go well, however, we had buy entry which went well in our favour. However, after looking at the data and how price has moved, we have possible another buy entry approaching. Wait for price to come to our area and then rebound from the area towards 1.3500.
Good luck.
GBP/USD Daily Chart Analysis: Short-Term Trend Channel: The price is moving within a downward trend channel, marked in blue. This indicates continued downward pressure in the short term.
Bullish and Bearish Scenarios:
Bullish Scenario: As shown by the blue arrows on the chart, the price might make a corrective move up toward the upper boundary of the channel. The target for this movement could be around the 1.32631 level. If this rise occurs, there could be potential buying opportunities.
Bearish Scenario: If the price reaches the upper boundary of the channel, it might encounter resistance and resume a downward trend. In this case, it could potentially drop back to the 1.2960 level or even lower to the support levels at 1.28166 and 1.26647.
Support and Resistance Levels:
Resistance Levels: The 1.33900 and 1.34450 levels are strong resistance zones. If the price reaches these levels, it may face significant selling pressure.
Support Levels: The 1.28166 and 1.26647 levels are possible support points. If the price declines to these levels, it might find upward momentum.
Risk Management: The red zone appears to be a potential stop-loss area, likely set to manage risk during the upward correction.
Trendline: The yellow trendline forms a significant support area for the price direction. As long as the price remains above this line, there’s a chance for upward movements to continue.
Overall, this analysis suggests a short-term upward correction followed by a potential continuation of the downtrend. Resistance and support levels can be monitored for entry and exit points.
GBPUSD I Swing long opportunity with upcoming fundamentalsWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!