GBPUSD is still bearish because of multiple bearish signals on the entry point, which are mentioned on the chart.
🔴 GBPUSD TF: 4H Side: Short SL: $1.14952 TP 1: $1.10602 TP 2: $1.09259 TP 3: $1.07915 As much as I want to see the GBP go up, I think that short term it will go down for a bit before it tries again as it got rejected by the 200D EMA.
The market of GBPUSD is trying to testing it's previous HIGH. We also knows that British Prime Minister has resigned from it's post which can also put down the GBP just because of the Economic conditions.
The British pound is likely to see another few months of turmoil now that Prime Minister Liz Truss has resigned. During Truss’ reign, which latest a mere 45 days, the shortest tenure in UK prime ministerial history, the pound was rocked by her government’s plan to borrow billions of dollars to fund tax cuts. On the day of the release of the ‘mini-budget’ that...
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.
GBPUSD made a Hike after teh FOMC last Night as the intrest rate Hike As of Now GBPUSD made teh correction and break the downtrend sloping line and made to break the Triangle Patterm As a Result GBPUSD SELL 1.10765 SL 1.11800 TP 1.09100
Hey tradomaniacs, GBP/USD has just re-tested a key-resistance-zone after the recent strong momentum to the downside. Overall choppy price-action currently due to upcoming news, but we can expect meeting-minutes to be very hawkish and so a strong US-Dollar. Don`t hold too long as CPi-Data tomorrow can change everything. For me only a daytrade-opportunity...
GBPUSD 4h has formed a bearish price action preparing for a drop to test the neckline of the reversal pattern. As the price is approaching a daily support zone, it is a high probability price will break the previous day's high, grab liquidity, and will continue to drop in the direction of the major trend. Upon price action confirmation, a sell trade is highly...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/USD Sell. Enjoy the day all. Cheers. Jim
After the Huge Weakness of DXY USD pair make a really to high.. Yesteday the Pair made a Correction over 1.12200 and made a high of 1.13800 overnight As of now thw GBPUSD made a breakout in 1h uptrend as well as the Triangle pattern Made to Sell Over all GBPUSD GBPUSD SELL 1.13589 SL 1.14450 TP 1.12100
Hey tradomaniacs, after recent fake-out it looks like we get a retracement and a fall for GBP/USD. The fakeout looks clear to me and could provide us a great move to the downside. Remember it is risky to trade ahead the NFPs aswell with lower volume in the market due to holidays in asia. What do you think?
Looking for a right shoulder rejection to either give us a opportunity for a long term short or at least just tap into the support of 0.09. Personally ill be waiting for that initial push down and look for that confirmation fail back up before taking entry's.. but I can see some huge profit potential if price can move in our favour. Just remember DXY is very...
GBP-USD is trading in a downtrend Along the falling resistance line Which makes me bearish biased And the pair is about to retest the resistance at 1.13487 Thus, a pullback and a move down are expected With the target of retesting the level below
~Divergence on RSI and Awesome Oscillator ~Quasimodo Sell Pattern ~RSI below the Rsi-based MA Therefore, we expect GBPUSD to drop, at least to the immediate next Demand Zone. #DrooelmFX
w; bearish d; bearish 4h; bearish my confluences; a break of a strong support and resistance zone the break of the structure LL with an engulfing candle broke below the 50/20ema which it already did 1h engulfing candle break bellow the ema's and away from the 14ema sl; above the nearest structure that could be near 200ema tp; next s/r sentimentally;...
Hey tradomaniacs, looks like GU has just re-tested the resistance-zone after fakeout with great momentum to attract ans absorb buyers. So far a great spot to go short but still risky due to the news from BoE. Make sure if u short that you manage aggressively! What do you think?
gbpusd high time frame trend is bearish.we expect we sell from supply zone Sell GBP/USD on Bearish Technical Analysis
GBPUSD 4H has grabbed liquidity from 4h20EMA after a spike to the upside, and at the same time, has broken the daily high and rejected. As long-term price action is bearish, it is highly likely that the price will respect the daily high and 20EMA and finally, the price will break down to continue its downtrend. A sell setup from the area of value shown on the...