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.
Gbpusdanalysis
GBPUSD is in the Buying Direction after Testing Support Hello 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
GBP/USD +50 Pips 0 Drawdown , New Important Update Now !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD Next Week TradesThese are the three trades that I will be looking to take next week.
Trade #1
2.93:1 short trade to 1h demand zone.
Price has aggresively rejected from the 4h LH and has also formed relative equal highs (this is important for the third and final trade). I am expecting price to push down to the 1h POI (trade #2) which is also below equal lows. If price pulls back up into the 1h POI then I will look for a short entry on the lower time frames.
Trade #2
3.8:1 long trade to 1h POI above relative equal highs.
The relative equal highs mean that above them is liquidity. I am expecting price to push up above these highs to then carry on moving down. I will look for long entries on the lower time frames after price has reached this zone.
Trade #3
9.32:1 short to daily POI
This is the main trade of the week. I expect price to carry on with its down trend until it reaches the daily POI (target). If price sweeps the relative equal highs and enters this zone I will look for short entry opportunities to continue with the higher time frame trends.
These three trades equal 16.05% potential returns. Like this post and follow to keep updated throughout next weeks trading.
GBPUSD Ready for a breakthroughHello 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
#GBPUSD 4HGBPUSD 4-Hour Analysis
The GBPUSD pair has broken above a key trendline resistance on the 4-hour chart, signaling a bullish shift in momentum. This breakout suggests that buyers are gaining control, creating an opportunity for a potential buy entry as the price advances.
Technical Outlook:
- Pattern: Trendline Resistance Breakout
- Forecast: Bullish (Buy Opportunity)
- Entry Level: Above the broken trendline resistance
Traders can consider entering buy positions above the breakout level, with targets set at the next resistance levels. Confirming indicators like RSI for a momentum shift or MACD for a bullish crossover can further strengthen the entry signal, supporting the bullish forecast.
Is GBPUSD ready to break out?Is GBPUSD ready to break out?
Is the USD getting weaker?
I think so, but best to wait and find out.
This is not a trade recommendation. 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
High probability trade in minutes Asia Monday GBPUSD Long
Here is a trade I will take once the liquidity picks up as its still pre-market in Australian Monday trading and liquidity and spreads will be much better in a couple of hours.
The trade is Long GBPUSD along the lines of the Daily chart 200ema where I expect price to continue to respect it and the influence of the ema right on price will spark renewed interest from traders during Monday.
Standby for about 1 to 2 hours and I will provide my entry, SL and potential TP.
Cheers,
Chris
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 Bullish Reversal - Inverted Head & Shoulders FormationPattern Formation:
The GBP/USD pair is currently forming an Inverted Head and Shoulders pattern, which is a classic bullish reversal signal. This pattern indicates that the downtrend may be coming to an end, and we could see a potential upward movement upon confirmation.
Key Support and Rejection Level:
The price has shown a strong rejection from a key Support level at 1.29050 , which aligns with the 0.618 Fibonacci Retracement level. This confluence strengthens the support, suggesting that the price has found a significant bottom at this level. The repeated rejections at this zone indicate buying pressure, supporting the potential bullish setup.
RSI Analysis:
Upon analyzing the Relative Strength Index (RSI) on the 4-hour timeframe, there is a clear Bullish Divergence . While the price was forming lower lows, the RSI was forming higher lows. This divergence suggests a potential reversal in price, further validating our bullish outlook.
Entry Strategy:
An entry is recommended upon the breakout of the Neckline at approximately 1.30020 . For a more conservative approach, entering on a re-test of this level will provide additional confirmation of the breakout's validity.
Entry Point: Near 1.30020
Stop Loss: Near 1.29050 (below the support level)
Take Profit Levels:
To maximize the potential profit while managing risk, the following take profit (TP) levels are suggested:
TP-1: 1.30990
TP-2: 1.31960
TP-3: 1.32930
Conclusion:
The overall technical analysis indicates a potential bullish reversal for GBP/USD based on the Inverted Head and Shoulders pattern, support at 1.29050, 0.618 Fibonacci level, and bullish RSI divergence. An entry near 1.30020 with a stop loss at 1.29050 offers a favorable risk-to-reward ratio. The market should be closely monitored for a confirmed breakout or re-test at the neckline level.
Recommendation: Watch for a clean breakout or re-test at 1.30020 for a potential bullish entry, and follow the risk management plan by placing the stop loss near 1.29050.
GBP/USD Giving Amazing Bullish P.A ,Let`s Buy It To Get 200 PipsWe have many bullish price action in this pair , we have head and shoulders reversal pattern and we have a very good breakout for our old res and we have 2 retest to the same support and the price played perfect with it and now the price above our support , so i think it will be a great chance to buy it if the price retest the same support again or if the price continue without retest we can enter after the price close above neckline for the pattern with 4h candle .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD entry analysisGBPUSD Analysis
After outperforming its rivals in the first half of the week, the US Dollar (USD) lost some of its strength on Thursday, with the US Dollar Index down 0.4%. The positive shift in risk sentiment made it difficult for the USD to find demand, while falling US Treasury yields further weighed on the currency.
The September Durable Goods Orders and the October University of Michigan (UoM) Consumer Sentiment Index will be on the US economic calendar on Friday. The UoM data is unlikely to cause a reaction as it will be a revision. If Durable Goods Orders unexpectedly rise, the initial reaction could support the USD. On the other hand, a worse-than-expected reading of -1% could hurt the currency and allow GBP/USD to move higher towards the end of the week.
Meanwhile, US stock futures were last up 0.1% to 0.2%. A bullish open on Wall Street could attract risk-on money and weaken the USD further in the second half of the day.
Technical Analysis
GBPUSD BUY entry is set around the current price zone with a Fibonacci retracement of 0.618. The current price zone is expected to capture the end of wave 2 and form a breakout point for wave 3 according to the Elliot wave pattern. Wish you a successful trading day.
GBPU/USD Shorts from 1.30200 continue trend!GU Analysis Breakdown:
This week, my GU analysis centres on the idea that price will continue to follow its bearish trend. With a recent structure break to the downside, price has left behind a clean, unmitigated supply zone. I’ll be watching for a retest in this area as an opportunity to catch potential sell positions.
If price revisits the 10-hour demand zone I’ve marked, I’ll also be open to a potential bullish reaction there. Should this demand fail, I’ll look for a deeper mitigation at the next demand level below.
Confluences for GU Sells:
- The DXY has been very bullish, signalling a continued downward bias for GU.
- GU has maintained a bearish structure, aligning with this pro-trend idea.
- An untouched supply zone offers a key area for potential sell entries.
- Significant liquidity below, providing additional targets.
- The 1-hour supply is positioned at the psychological level of 1.30000.
P.S. There’s a strong pool of liquidity above my supply, so if price briefly moves higher to take the trendline liquidity, it wouldn’t be surprising. Stay diligent, and have a great trading week, everyone!
GBPUSD: Two Possible Buying Opportunity! Are you buying GU?Dear colleagues,
I would like to share my analysis of the recent price action in the GBPUSD currency pair. As you may be aware, the pair was rejected at the 1.34 level after setting a new yearly high. This move lower was largely due to a sharp rally in the US Dollar Index (DXY), which was in turn driven by stronger-than-expected Non-Farm Payroll (NFP) data. The NFP report showed that the US economy added a record 254k jobs last month, far exceeding market expectations.
As a result of this data, the GBPUSD pair is now exhibiting strong bearish momentum and is facing significant selling pressure. However, I believe that the current market conditions may present a buying opportunity. While the initial entry point may not be ideal, there is a second entry point that offers a safer and more secure opportunity to enter a long position.
In my opinion, the GBPUSD pair has the potential to rally back up to the 1.34 level as the DXY is unlikely to maintain its bullish momentum. This assessment is based on both technical and fundamental factors, which do not indicate further upside potential for the US Dollar.
I encourage you to consider this analysis and share your thoughts in the comments section below.
Here is our previous charts ON GU
And Here is our view point on DXY/USD:
While last Friday's data may have caused some temporary setbacks, I assure you that the majority of currency pairs are poised for recovery. Your continued support and dedication to your trading endeavors are greatly appreciated. May you all thrive and achieve success in the week ahead.
Team Setupsfx_
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.
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DeGRAM | GBPUSD retest of supportGBPUSD is moving under an ascending channel between the trend lines.
The price is above the support level coinciding with the 62% retracement level.
We expect a rebound after the support retest is completed.
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