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Gbpusdidea

BluetonaFX - GBPUSD SHORT to Monthly Low IdeaHi Traders! The bears are currently dominating GBPUSD, and they are potentially targeting the low for October. Price Action 📊 The price action currently looks bearish, with market swings showing lower highs and lower lows. We are looking for a break and a close below the trendline support for a possible continuation towards October's low. Fundamental Analysis 📰 The US dollar continues to trade strongly amid rising yields and escalating tensions in the Middle East, after US Federal Reserve Chair Jerome Powell stopped short of hinting that US interest rates have peaked.   Support 📉 1.20927: TRENDLINE SUPPORT Resistance 📈 1.22255: SWING HIGH RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
1
GBPUSD Analysis 1Sep2023From the perspective of the market structure analysis that occurs to this day, I still see GBPUSD in the bearish structure. Where after the last boss occurs, the price is still unable to bullish more than the highest peak. Valid analysis as long as prices do not rise more than invalid areas. If you see from the existing Fibo Retracement, the price has been retrace almost to the area of 0.236 or 76% discounted from the swing that occurs. There is a good prospect for the current short with a fairly small risk.
by Hokusai_FX
BluetonaFX - GBPUSD Range OpportunityHi Traders! We have a range opportunity here on the GBPUSD 3H chart. The market is currently trading in a 73-pip range. The support of the range is at 1.26660, and the resistance is at 1.27390. The market has been in this range since the upside price rejection candle, which we have highlighted on the chart, leading to the downside impulsive move, and now the market is in a consolidation phase. We are currently under the 20 EMA, which does have a bearish bias; however, we are still above the support level at 1.26660. We need a break and a close below 1.26660 to continue on the downside. If we get this, we have a target at 1.26220, which is near August 2023's low at 1.26205. If support at 1.26660 holds, the chart will become a potential double bottom pattern, and we will look for buying opportunities to target 1.27336, which is near the top of the range at 1.27390. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX 
by BluetonaFX
6
BluetonaFX - Potential Head & Shoulders OpportunityHi Traders! There is a potential Head & Shoulders opportunity here on the GBPUSD 1D chart. The market looks to be approaching the neckline, and we are now looking for a break and a close below the neckline with momentum to target lower levels. If we get a break and close of the neckline, we have the first profit target level at 1.26800, and if you want to hold on for a larger risk-reward trade, our second target level is at 1.25000. The confirmation signal for entry will be to either wait for a momentum break and close to the neckline or to wait for a break below with a retest of the neckline. We must get this for the potential opportunity to be fulfilled. On the other side of the trade, if we fail to break and close below the neckline, we will most likely go back to the upside to retest 1.30000. We will keep a close eye on this and will update you if we get any further action on this setup. Please make sure you give us a like, follow, and comment. Thank you for your support. BluetonaFX
by BluetonaFX
2