LONDON: GBPUSD - REVERSAL SETUP - MOMENTUM ENTRYGU has met all requirements for a reversal setup after breaking downtrend line and failing to break new low. Lets see if we can generate at least 2R from this setup
Gu
GU Anticipate reaction at 1.2620, going to 1.2680More Confluences at 1.2620 than you can shake a stick at. Stop goes below impulse with limit order, or wait for Bullish Engulfing or Doji from that level for a super tight Stop.
SMC 15 min GU ideal structure to buy.
SMC 15 min GU
if you will see structure like this, just do it!
GBPUSD Outlook for the Week AheadThe GBP/USD currency pair has recently seen bullish pressure take control, with bears unable to invalidate the crucial demand/support zone at 1.23823. Over the past two weeks, the 1.25044 supply/resistance level has successfully held, prompting the question: what's next for the GBP/USD pair? To answer this, we'll analyze the daily, 4-hour, and 1-hour candlestick charts.
The daily chart reveals a significant supply/resistance level at 1.26080, near the psychological 1.26000 price level. The bullish trend is evident as long as the 1.25044 level holds, with the price above the 20-day EMA and MACD zero level. Should the 1.25000 zone fail to hold the price, a push down to the nearest demand/support zone at 1.21821 is expected.
Similar bullish trends are observed in the 4-hour and 1-hour charts, with the price trading above the 20-period EMA and MACD zero level. The multiple timeframes support the uptrend, with the next week's price movements being closely watched.
However, the technical outlook for GBP/USD remains uncertain, with market sentiment being the key driver. The range between 1.2350 and 1.2550 offers potential range-bound opportunities, with a daily candle close above or below the range top or bottom being key for bullish continuation or a deeper correction to the downside. Retail traders are currently short on GBP/USD, but a contrarian view suggests a short-term bullish bias.
While no major news is expected for the GBP next week, the USD has several high-impact news events, such as the ISM Manufacturing PMI, JOLTS Job Openings, ADP Non-Farm Employment Change, FOMC Statement, Federal Funds Rate, and Unemployment Rate, among others. These events could potentially affect the GBP/USD pair, making it essential to monitor technical indicators and upcoming news to identify potential shifts in market sentiment.
GBPUSD Sell Setup ~145pipsPrice has been in a correction on the H4 timeframe since last Friday.
Following the Elliot wave correction, and price cycle for the week, Price was bearish Monday, bullish on Tuesday, Wednesday and Today (Thursday). I am expecting a bearish Friday. As confluence, price action is currently in the last phase of the correction.
I would be watching to sell with confirmation in price action.
My target is 145pips to 1.23056.
Huge Risk to Reward Trade opportunity on GBP/USDGBP/USD approaching a strong resistance area and descending trendline resistance.
I am also expecting a Risk off mood next week which will boost the Dollor.
Big opportunity for a strong short opportunity.
1:5 Risk to reward
Trade with caution and always remember to manage your risk.
Patience Pays!
GBPUSD SHORTHi Traders,
A possibility to look for sell entry at the 1.247 area.
- Look for confirmation in the lower timeframes.
- Look for rejection coming out from the zones.
- Look for break of trendlines.
❇️ Sell Zone: 1.24735 to 1.25059
❇️ Target Price: 1.23500
Follow me and hit the Boost if you like my charts.
Thank you. 👍
Time for GBPUSD to give up?I'm short on GBP USD, it's failed to make a new high, failed to break back above the dynamic ascending trendline.
Inflation is still high, despite rate hikes. Economy is in a pickle, with really poor retail data today. UK is the worst performing economy in Europe.
There's RSI divergence. We're on a longer term downward trend so if this is to be broken I think we'll see retracement first.
Conversely there's been a double bottom on DXY, it's due a retracement after 5 weeks of decline.
USD doesn't look great either, but to me it looks better than GBP.
This is why I'm short on cable, with a great R:R.
Possible Trade ZonesWe could probably have a continuous push to the upside, or a minor push to the downside on the highlighted zone and then the push to the upside.
ASIA: GBPUSD - REVERSAL/BREAKOUT - MOMENTUMGU also looking solid while meeting 2 playbook setups requirements. Hopefully they both play out
GBPUSDLooking for GBPUSD short from the zone of Liquidity.
if we hop in. the trade I am looking to get a 7R on this trade.
PS: with the link attached there is also a long position marked (if triggered.
Trade safe.
cheers
Europeanbulls
GBPUSD Short-Term AnalysisThis expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- WYCKOFF
- ETC
GBPUSD Bullish setupI would be watching for price taking out liquidity before more bullish momentum.
The setup is valid as long as price accumulates before breaking the recent high.
*If price doesn't accumulate and breaks the recent high, I would be looking for distribution at the next significant zone.
GBPUSdSimple Supply and Demand analysis.
Price reaching the supply zone plus 1 hr imbalance to be tested.
Good luck
Fxgoldsniper
GBPUSD - SELL OPPORTUNITYLooking at Selling GU from SELL AREAS and targeting TP AREA 1 and or TP AREA 2. (Potential +40PIPS)
- Execution will strictly be on PRICE ACTION, Candle Reversals!
Trade Safe and Happy Weekend
Like AND Follow for more
GBPUSD - SELL OPPORTUNITYLooking to SELL GU from SELL AREA, to target TP Areas. Potential +40PIPs TP 1, +60PIPs TP 2
- Looking to execute Sell on price action
Trade Safe
GBPUSD - BUY OPPORTUNITYLooking to BUY GU in BUY AREA and to close in TP AREAs. (TP 1 +40 PIPS) , (TP 2 +90 PIPS)
- STRICTLY looking to enter on signs of reversal, price action
- Entry not valid on strong Bearish breakthrough of BUY AREA!
Trade Safe with Risk Management
GBPAUD in consolidation for two daysGBPAUD is in consolidation but still in a strong uptrend. Wait for the channel break and retest then take the trade.
!! Trade safe !!
likes will be appreciated.
LONDON: GBPUSD - REVERSAL SHORT - MOMENTUMBroken trend line, failure to break new high and RSI price line crossing all point to a nice coming move down in the ongoing correction. Going for at least 2R
ASIA: GBPUSD - B&R - MOMENTUMStop losses have been hit on longs and now we can try to enter using our favorite break and retest setup out the playbook using the break of the inside bar as our entry. Lets see what happens
ASIA: GBPUSD - 618 LIMIT - ATR SLBig rally to shake out early reversal sellers! lets see if we are due for a short term pullback
LONDON: GBPUSD - BOBBI/ABCD - IB MOMENTUMGU has broken above structure and typically we expect to retest and continue this move, however we have noticed depletion of buyers leading to a break down of an inside bar. Going for at least 2R with this one
NY: GBPUSD - HARMONIC/B&R - MOMENTUMGU has also completed a harmonic pattern but this one we were not around to catch as a limit, however we have spotted strong structure and momentum reaction so lets go for it and see what happens !
