UPDATE ON GBPUSD SELL!!! PROJECTION 3price is forming a resistance at the top of that level which can hold price and likely lead to a pullback to the trendlines below Shortby perfectxmofficial2
GBPUSD SellGBPUSD Sell Stop Loss: 1.276 Targets: 1.268 1.266 1.264 1.262 1.260 1.258 1.256 1.253Shortby MoneyGangPhone2
GBPUSD holds firm despite hawkish FOMC minutesUK inflation data for April showed a slower-than-expected decrease in consumer inflation. However, services inflation, which has been persistently high, exceeded the estimated level predicted by analysts and economists. This unexpected outcome caused a delay in the expected rate cut from August to November, with only one rate cut now anticipated for this year. As a result, the pound and Gilt yields increased, leading to a rise in GBP/USD. GBP/USD briefly rose above 1.2736 but was pulled back down by hawkish FOMC minutes. It is now trading higher again, showing resilience around the 1.2736 level. With both the BoE and Fed leaning towards a more hawkish stance, a significant move may be challenging without another catalyst. The upcoming US PCE data at the end of next week could provide that catalyst. For now, the pound is pushing higher. by Xayah_trading3
Strategizing Short Positions on GBP/USD for Maximum ProfitAfter closing the GBP/USD position at 1.23, I will open another short position on this pair because, as often happens in FX, you usually have 2 or 3 (sometimes 4) chances to take a short position on the same valid setup. Therefore, the next position will be opened around 1.281 with a 1:1 stop-loss ratio, as I usually have on FX pairs, and without worrying about a 1% loss, as there is a greater chance of profit in a swing position. So let's all make money on this pair.Shortby FonF0n3
GBP/USD back in the rangeGBPUSD has broken above the 1.26 level following the CPI data from last week which resulted in DXY losses. Expect price to continue up to the 1.28 level. Await short term price action above or below the previous day high/low (PDH/PDL) before entering long orders. Longby TheForexMessiah2
GBPUSD 2H*). Price Failed to Make a New High in the 4-Hour (4H) Chart:This indicates a potential weakening of the bullish momentum. When the price fails to reach or exceed the previous high on a 4-hour chart, it suggests that buyers are losing strength and sellers might start gaining control. This scenario can often lead to a reversal or a consolidation period before the next significant move. *). Price Started Trading Below the Horizontal Structure on the 2-Hour (2H) Chart:Trading below a horizontal structure, which could be a support or resistance level, is a key signal of a potential trend change. In this case, if the price begins to trade below a previously established support level on the 2-hour chart, it indicates a shift in market sentiment from bullish to bearish. This breakdown often leads to further downward pressure on the price. *). Wait for Price to Pull Back and Fill the Fair Value Gap (FVG):The Fair Value Gap (FVG) represents an area where the price has moved too quickly in one direction, creating an imbalance between buyers and sellers. Traders often wait for the price to retrace and "fill" this gap before continuing in the original direction. This pullback to fill the FVG can provide a better entry point for traders looking to short the market, as it indicates the price is returning to a more balanced state before resuming its downward move. *). Anticipating that Price Will Drop Towards the 1.26490 Support Level:Given the failure to make a new high, the breakdown below the horizontal structure, and the potential retracement to fill the FVG, the overall expectation is for the price to continue its decline. The target for this drop is the 1.26490 support level. By combining these technical indicators, traders can form a more comprehensive view of the market's direction and make more informed trading decisions. Good Luck 🤞🤞 Shortby vbenking91112
GBPUSD TIME DAILY GBPUSD is bearish to timeframe daily it is tp1 and tp2 clear in the chart Shortby mahdi672
#GBPUSD - 23 MayGBPUSD was definitely stronger yesterday, as it based at PZ then rallied up (though miss my final target of 1.277) before coming down, re-tested 1.2701 strong level and bouncing off strongly. Much volatility no doubt, though GBPUSD is printing green daily candles still. Am cautiously bullish for GBPUSD but to err on the safe side, 1.2701 will be a good level to look for longs for the move higher. If not, GBPUSD to break above PZ, then a move up further.by FadeMeIfYouCan2
GBPUSD BUYWeekly: 1. Direction: Bullish 2. Reasons: 1. Price disrespected the FVG 2. Good displacement to the upside 3. Price is moving from IRL to ERL Daily: 1. Direction: Bullish 2. Reasons: 1. Price never tested the daily FVG 2. Good displacement to the upside 3. Price took a daily swing high 4. Price is moving towards major swing highs 4H: 1. Direction: Bullish 2. Reasons: 1. Price never tested the daily FVG 2. Good displacement to the upside 3. Price might react from FVG 4. Wait for 15M MMBM Longby tradermebiali2
GU sell off guideI guess it is pretty evident from the chart itself. Enjoy the head and shoulders! Cheers!Shortby Syed-Usman-Ali6627
GBPUSD LONG Market broke Daily LHs turning overall structure Bullish Entry at Daily and Weekly AOi Weekly and Daily at the same AOi Weekly Rejection Candles Daily Rejection Daily EMA retest Around Psychological Level 1.26000 H4 EMA retest H4 Candlestick rejection Rejection from Previous Structure Point SOS 1:5.26 Entry Signal 95% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#BoostLongby mobbie_zwUpdated 116
Still LONG on GBP/USDGBP/USD seems to be heading to the monthly Supply 1.2850 area. Price has formed a base around 1.26732 area Looking to go long @ 1. A break and retest of 1.2720 area but prefer 2. A bounce at 1.2660 and hold trade for a week or two Longby PRAXISFXUpdated 2
GBP/USD Bearish Reversal OpportunityThe GBP/USD currency pair is currently forming a Bearish Harmonic Pattern (XABCD), with Point D identified as the Potential Reversal Zone (PRZ). The confluence of several technical factors at Point D suggests a high probability of a trend reversal from bullish to bearish. Technical Confluences: 1. Harmonic Pattern Completion Point D of the Bearish Harmonic Pattern has been identified, indicating a potential reversal area. Harmonic patterns are reliable indicators of market reversals, and the formation of the XABCD pattern is a key signal. 2. Key Resistance Area The PRZ aligns with a significant resistance area. Historically, this level has acted as a strong barrier to upward price movements, further reinforcing the likelihood of a bearish reversal. 3. 4-Hour Trend Line A critical 4-hour trend line intersects at the PRZ. This trend line has consistently provided resistance in recent trading sessions, adding another layer of confirmation to our bearish outlook. 4. Bearish RSI Divergence (1-Hour) On the 1-hour chart, a bearish RSI divergence is observed. While the price has been making higher highs, the RSI indicator has been making lower highs, signaling weakening bullish momentum and potential reversal. Trade Setup: Entry Point: 1.2695 Stop Loss: 1.2720 Take Profit Levels TP-1: 1.2670 TP-2: 1.2645 TP-3: 1.2620 Conclusion: Given the confluence of the Bearish Harmonic Pattern completion, key resistance area, 4-hour trend line, and bearish RSI divergence, we anticipate a bearish reversal from Point D. Traders are advised to enter short positions at 1.2695, with a stop loss at 1.2720. The take-profit levels are strategically placed at 1.2670, 1.2645, and 1.2620 to optimize risk-reward ratios. This analysis provides a well-rounded perspective on the current EUR/USD technical setup, highlighting key factors that support a bearish bias.Shortby trading_jupiterUpdated 2
GBPUSD IDEAThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyby akmalsabran901
GBPUSD Sell Alert: Major Bearish Shift Ahead - Act Now!Currently, GBPUSD is signaling a potential reversal, indicating a shift towards bearish institutional order flow. We may see the price target sell-side objectives such as the H1 sell stops, with further movement towards the Daily Fair Value Gap (FVG) throughout the week. For confirmation, I monitored the manipulation of the Asian session high during the London session. According to the Power of 3 strategy, London often sets the day's high when bearish momentum is expected, leading to a price distribution towards the downside. In terms of take profits, you can distribute them as you see fit. I will be aiming for a 1:4 risk-to-reward ratio, but if your entry was a bit late, you might consider targeting the Daily Fair Value Gap (FVG). To understand why I'm anticipating bearish momentum on GBPUSD, please watch this video for a comprehensive breakdown of this week's trading outlook. Kind Regards, The_ArchitectShortby The_Archi-tectUpdated 2
Buy the breakout!GBP bulls are totally in control, buying the correction might be more profitable than this idea. flags, pennants, or anything. Good luckLongby cooltikks1
head and shoulders on H1 + RSI divergence Hi, we have head and shoulders on H1 RSI Divergence Good luckby amineGann1
GBPUSD analysisHello traders! This is GBPUSD chart in 1H time frame which is currently sideway. To see a clear price action we need to wait for a Bullish or Bearish ChoCh. Then we could easily decide about trade. Good luck!by thisisalimardan2
THE SUBWAY DOLLAR STRENGTHThe media has tricked the masses into believing the dollar is weak just because the CPI data came out a little bad for the dollar, but ING made a crucial statement this morning "The dollar awaits any domestic input to make the first move, and domestic stories are taking Centre stage". From the statement although previous data for $ on GDP came less than the market anticipated but it's still better than the G8 economies. TECHNICALLY: 1) Weekly bearish leg and structure 2) daily complex bullish pullback that needs to change on h4 first. Target 1: 1.23500 Target 2: 1.20500Shortby Nice_Moses1
GBPUSD: Waiting for new price increase!The GBP/USD pair lost its recovery momentum around the 1.2695 mark early in the Asian session on Friday. The major currency pair gradually declined after pulling back from the recent high near 1.2760 amid renewed demand for the U.S. Dollar. Later on Friday, the UK retail sales, U.S. durable goods orders, and the Michigan consumer sentiment index will be released. If the key indicators push the pair below 1.2700, the next support level will be the May 21 low of 1.2686, followed by the May 16 low of 1.2643, and then the psychological level of 1.2600. Conversely, if buyers push the exchange rate above 1.2746, it will lead to a test of the weekly high at 1.2761. Further strength could see the pair targeting the 1.2800 level. by Trader_BrianFXUpdated 2
GBP Faces Downdraft on Potential Double BoE Rate CutThe Pound is under pressure due to the Bank of England's (BoE) dovish policy stance. While a rate cut by August is expected, speculation swirls about consecutive reductions at upcoming meetings. Double Cut Threat: Analysts warn back-to-back cuts could send GBP tumbling: GBP/USD: Potential fall to 1.23 GBP/EUR: Potential drop to 1.15 Factors Supporting Double Cut: UK inflation consistently undershooting BoE targets. Dovish comments from BoE officials like Huw Pill and Megan Greene. Incoming MPC member Clare Lombardelli potentially tipping the scales dovish. Uncertainties and Counterarguments: Resilient services sector inflation might delay rate cuts. Strong inflation data on Wednesday could lead to holding rates in June. Data Dependence and Volatility: Upcoming data, especially Wednesday's inflation report, will dictate the timing and pace of rate cuts. Weakening services inflation data: Increases chance of June cut followed by August cut, potentially weakening GBP. Strong services inflation data: Might delay cuts until August, offering temporary GBP support. Trade Idea: Short GBP/USD Entry: 1.2375 Target Profits (T.P.): 1.2300, 1.2224, 1.2139, etc. Stop Loss (S.L.): 1.3989 Implications for Investors and Businesses: Monitor upcoming data and BoE pronouncements. These factors will significantly impact GBP's direction and necessitate adjustments in financial planning and international trade activities.Shortby signalmastermind2
GBP USDGBP USD price going up but rsi showing divergence. entry on break of higher low.Shortby orchidwings_14Updated 1