GBPUSD: Will Start Falling! Here is Why: Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell GBPUSD. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals2221
GBPUSD - Easy intraday or swing sell There is a sell opportunity on GU because of USD strength Fundamentals Look out for USD news this week. If no shocking difference than forecast I don't see why DXY won't go up. → Prelim GDP q/q ( Thursday 28 May ) → Unemployment Claims ( Thursday 28 May ) → Core PCE Price Index m/m ( Friday 29 May ) Visit www.forexfactory.com or www.investing.com to check release time according to your timezone Technicals GBPUSD → We rejected a major resistance zone which we touched multiple times since June 2023 → We breached a 4H trendline → Daily engulfing bearish candle Technicals DXY → We came into support and are heading up. → We do have a zone here which can act as resistance, but I expect that we will breach it. → We broke out of trendline and retested it and gone up. Your trading friend, Simba Trades Shortby Simba_TradingUpdated 5
GBPUSD H4 | Potential bearish reversalBased on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.2744, which is an overlap resistance. Our take profit will be at 1.2669 an overlap support level. The stop loss will be placed at 1.2804, which is an overlap resistance High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCMUpdated 8
GBPUSD LONGOn last week's setup, Price pulled back to my entry on Friday of which I do not take new entries on Friday. Now following structure and moving forward, Therefore; Market Structure is still bullish on HTFs Potential entry at Daily AOi Weekly Rejection from AOi Bullish momentum on the weekly showing lots of buyers in the market Daily Rejection at AOi Around Psychological Level 1.27000 H4 Candlestick rejection Y Possible EMA retest Levels 4.96 Entry 70% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#Boost Price likely to go higher and break my current Resistance level, Retest for further go long, Looking to React to the market accordinglyLongby mobbie_zwUpdated 5
GBPUSD Shorts DXY continues to hold its ground. Upcoming news in favour of the US Dollar will drive GBPUSD lower. There is also no high impact news for GBP over the coming week so expect bearish pressure from the get go. Challenging week up ahed guys, good luck!Shortby TheForexMessiah4
GBPUSD Multi TF Analysis 28/5/2024SL - 1.27310 TP - 1.28705 1M price chasing up. 1W price in strong strength. Channel up.Longby LawrenceWongWBSUpdated 115
GBPUSD rallied early on TuesdayGBP/USD rallied early on Tuesday, briefly reaching its highest point since March 21, but gains were short-lived as sellers quickly pushed the pair down from the psychological 1.2800 level, driving it towards 1.2755. If this ceiling holds in the near term, bulls may start bailing, creating the right conditions for a move toward 1.2700. Further weakness could shift focus to 1.2635. Conversely, if buyers manage to reclaim dominance in the coming days and take out resistance at 1.2800, the upward momentum could intensify, propelling GBP/USD towards 1.2895 – the March peak. While overcoming this ceiling might be difficult, it is still feasible. On that note, upside clearance of this barrier could result in a rally towards the 1.3000 handle. by Xayah_trading4
GBPUSD: Market of Sellers Looking at the chart of GBPUSD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals115
Elliott Wave Analysis Expects GBPUSD to Pullback in Wave 2Short Term Elliott Wave in GBPUSD suggests rally from 4.22.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.22.2024 low, wave ((i)) ended at 1.2635 and pullback in wave ((ii)) ended at 1.2445. The pair extends higher again in wave ((iii)) with internal subdivision as an impulse in lesser degree. The 1-hour chart below shows the subdivision of wave ((iii)). Up from wave ((ii)), wave (i) ended at 1.2541 and dips in wave (ii) ended at 1.2502. GBPUSD then extended higher in wave (iii) towards 1.2726 and pullback in wave (iv) ended at 1.2685. Final leg wave (v) ended at 1.2761 which completed wave ((iii)). The pair then pullback in wave ((iv)) towards 1.2675 and extended higher in wave ((v)) to end at 1.2801 high completing wave 1 in higher degree. Near term, as far as pivot at 1.2801 high stays intact, expect dips to find support in 3, 7 or 11 swing pullbacks to end wave 2 correction before further upside. by Elliottwave-Forecast4
GBPUSD possible buy setup📈 considering the trend is bullish, we like to remain on the good side of the market We have an unmitigated demand zone with a lot of liquidity (Support zone liquidity) and inducement zone Please comment and give me your views on this oneLongby ZIPHO674
LOOKING FOR SHORTSGBP/USD 1H - You can see from the screenshot that I am looking at trading this market lower, based on the 1D timeframe I have seen that price before the close traded into an area of Supply. I am now wanting to see price breakdown from here as I want to see enough Supply being introduced to give us a full S&D flip. As we know this market has been trading us lower on the higher timeframes for sometime. Yes price is currently trading us in a bullish way but this is just part of the higher timeframe correction and as a result I am expecting price to run out of demand and trade us lower. I have set my SL above the Supply Zone price traded into originally, I have also placed it a little above the last area of Supply that seems to be unmitigated, my TP however is set just above the higher timeframe swing low. Giving us a great RR ratio on this setup.Shortby Lukegforex5
GBPUSD head and shoulder setupIntraday Update: IF the PCE data today is hot, or we get a positive US dollar reaction, the GBPUSD is setting up a head and shoulder pattern. Neckline is at the 1.2667 level which is just about 50 pips away from current price. by ForexAnalytixPipczar4
Bullish Narrative for GBPUSD Daily ChartSwing trading Idea GU. New Bullish momentum on daily chart. BOS: 03 May '24 leaving behind a FVG. Looking for a move down into confluence of FVG, Fib retracement level & previous daily high. If move met, can look for a Bullish expansion from said area.Longby tcratladi4
GBP/USD Trading Analysis and RecommendationSell Opportunity: An opportune moment for selling presents itself in the GBP/USD currency pair at the current rate of 1.27220, with promising potential for profit. Targets: Primary Target: 1.27000 Secondary Target: 1.26725 Breakout Scenario: Should the pair surge beyond the resistance level of 1.27470, signaling a bullish breakout, the target price is envisaged to rise towards 1.27900. Comprehensive technical analysis suggests a prevailing sentiment conducive to selling at the current market price. Fundamental factors align with the proposed selling strategy, indicating downward pressure on the GBP/USD pair. Implementation of robust risk management techniques is advised to mitigate exposure to potential adverse market fluctuations. Disclaimer: This analysis is provided based on current market conditions and historical data. Traders are urged to conduct thorough research and exercise prudence, employing appropriate risk management strategies, before executing any trading decisions. by GODOCM4
Its coming for that double top liquidity.GBP is even more bullish than EUR in my opinion. it has created a nice SMT in the BPR. Now closing above IFVG H4 we got nice H1 FVG. Will be looking for entry on M15. Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Longby Dave-FX-Hunter4
uptrend It is expected that the current corrective trend will end in the specified support ranges and we will see the beginning of the upward trend. With the breaking of the support trend line, the continuation of the corrective trend will be possibleLongby STPFOREX3
GBPUSD H4 BEARSTimeframe H4: Entry of bears in the market during london session. Timeframe H1: Possible support could be 1.2669. Alternative view: H4: A break above 1.2780 qualifies bulls continuation to the upside.Shortby J_NgatiaUpdated 113
$GBP - What shall we do now?$GBP - What shall we do now? GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options! 1 Emergency rate hike 2 Intervention 3 IMF 4 Fiscal spending 5 Swap Lines Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open we hit lows of 1.03... Now, if we can hold the levels of these levels and perhaps go above 1.09 then no worries. However, if we carry on with these moves then things will get very interesting and keep an eye on the Gilt & FTSE! Now it all looks very dismal when it comes towards headlines but actually there are coming amazing investment opportunities the prices we are getting and of course if you're in USA, what a great time for you to visit! For Candle stick traders - dragon fly! Keep alert of what happens next, this week we have a lot speakers out of CB's and most importantly trade your plan! Best, TJ Editors' picksby Trade_JournalUpdated 2424208
GBP-USD Will Grow! Buy! Hello,Traders! GBP-USD retested the Horizontal support of 1.2688 And we are already seeing A bullish rebound so We will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals114
Cable moving into Daily trendline resistance near 1.28Cable has seen some nice recovery at the end of 2023; move is looking impulsive so more gains can be seen after the corrective retracement which has unfolded down from March highs. So far, price came down with three waves but pair is making a nice turn-up in last few weeks, out of a downward channel, thus it appears that pair is back in bullish mode. In fact, UK CPI figures reported last week indicated a cooling of inflation, but not as much as expected, so potential June cuts are most likely off the table. Looking at the 4h time frame, we see nice five subwaves up as expected which look like a wave 3, therefore we can expect much higher targets after a next pullback while market trades above 1.2570 invalidation level. However, there can be some resistance in the short-term, near the daily trendline that comes in around 1.28. Support on dips is at 1.2650. by ew-forecast113
Long GBP/USDA bearish OB has been disrespected, followed by a bull order block accompanied by a major Break Of Structure. This is reinforced by the respected Breaker Block that was formed by the original disrespected bearish Order Block. When price moved inside the BB, there was a bullish Order Block on the 15 minute chart, therefore my entry. I can also be certain there will be another Break Of Structure here. Feel free to comment your thoughts below :)Longby japeshAGRAWALUpdated 4
GBPUSDApproaching the sell area we will wait for set-up here but my entry is at 1.2770 for the bear to have a go.... Shortby elitetechfx-dailyUpdated 3
GBPUSD FOR BEARISHI still looking for this structure as my plan for next week. Do your own reaearch too. Feel free to put your comment to share your idea too. Thanks.Shortby ewtradersbhUpdated 4