GBPUSD M15 ANALYSISPrice may likely fall lower from 1.25919. A further retrace to that price level may insight another wave of sell trend. Technically, the probability of price to retrace to 1.25919 wound creAte a double top pattern in m15 Shortby Cartela1
GBP/USD WANT BULLISH ZONE AT @1.25450The GBP/USD currency pair is indicating a potential bullish opportunity, with a targeted entry point identified at 1.25452. This level serves as a zone where buyers may consider entering the market, anticipating upward movement in the exchange rate. Furthermore, technical analysis suggests a bullish outlook for GBP/USD, with a projected target set at 1.28000. This target represents a level where buyers may look to take profit or where significant resistance could be encountered, potentially causing a temporary pause or reversal in the upward movement of the exchange rate. Traders and investors should closely monitor market conditions and price action around the identified entry point, looking for confirmation of bullish momentum before initiating positions. Additionally, risk management strategies should be implemented to protect against potential losses in case market conditions deviate from the anticipated bullish scenario.Longby Leo_Trader01Updated 21
GBP/USDThe current optimal buying zone for the GBP/USD pair stands at 1.25680. This indicates a favorable entry point for traders looking to capitalize on potential upward movements in the exchange rate. Setting precise profit targets is essential for effective trading strategies. Take profit levels are suggested at 1.26017, 1.27217, and 1.28148, offering multiple opportunities to secure gains at various price points. Implementing a well-defined stop loss at 1.24661 helps mitigate potential losses by establishing a predetermined exit point if the market moves unfavorably. Successful trading often involves meticulous planning and strategic execution, with careful consideration of both profit-taking and risk-management techniques.Longby FOREX_trade_01Updated 146
Market Forcasting of the GBP/USD pairThis is not a trade or investment advice !!! In this post , we analyse the trand of the GBP/USD pair. That pair has been going down during the past weeks , but now we think that , it momentum ha changed and that we are now bullish.by yvanolinga1
GBPUSD "expanding flat" correction alert So, I'm sure by now you all know how GBPUSD loves to catch people using the expanding flat correction !!! I seem to have spotted one that is on its last leg of the intermediate wave (5) of the larger wave ... this is a great opportunity for a short-term SELL position to complete the wave of the "expanding flat" correction ... For a lower-risk trade, you could wait for the correction to complete before taking out a BUY for a longer-term TRADEShortby FeelgoodFXUpdated 5512
GPBUSD Breaking highs?We currently broke above the descending trend and i think if we can see the current support hold we can look for long positio.Longby mr_mat_sa8
GBPUSD - Premium Array AttackStarting off with a topdown perspective of Cable and we can see that the sellside imbalance buyside inefficiency has been balanced with todays price action but the weekly order block located @ 1.26479, although partially rebalanced, there’s a chance price action could be repriced to and through the order block but that also means that dollar will need to continue selling off, shifting in market structure. Unlike the stock index futures market, Cable has see clean delivery, with bullish price action throughout the week. There is a BISI located between last Monday - Wednesday price action which, if Dollar appreciates in value, I can expect Cable to sell-off into that region but not something that I ideally would like to see as we are trading above the daily FVG created on Friday 12th. Longby LegendSinceUpdated 3
GBPUSD → Attempting a trend change. Up to 1.2700?FX:GBPUSD , influenced by a positive fundamental backdrop and the dollar's decline since the opening of the session on Monday, is strengthening above previously broken trend resistance. GBPUSD is strengthening, the currency pair is in a bearish trend reversal phase. The market and traders are readjusting after the negative NFP for the dollar released last Friday. The currency pair is testing the local high and on the pullback is consolidating above the bearish trend resistance. Confirmation of the trend change will be the consolidation of the price above 1.2634. Resistance levels: 1.2668, 1.2570 Support levels: 1.2487, 1.2422 Most likely the market will make an attempt to change the trend, at the moment the realization phase is being formed. We are waiting for confirmation of the trend change with the purpose of further strengthening. Regards R. Linda!Longby RLindaUpdated 4433
GBPUSDWe can attempt to buy GBPUSD from specified level as it make Bullish Rectangle Pattern (Continuation pattern) , also 0.5 FIB level intact , also there is no bearish divergence which confirm that bullish trend will be continue. SL , TP mention in chart.Longby SignalEdge2
GBP/USD BUY TO SELL (up towards 1.26500)This week's analysis for GBPUSD presents promising opportunities based on anticipated price movements. Near current price levels, there's a nearby 4-hour demand zone that could potentially trigger a bullish reaction, although I'm cautious about its strength. However, my primary focus is on the daily supply zone. If price fails to reach the daily supply, it might delve deeper to interact with a stronger demand area, possibly sparking another bullish rally. In such a scenario, I'll align my trades with the prevailing uptrend, considering the recent pattern of higher highs and higher lows. Once price reaches the daily supply zone, I'll be prepared to enter significant sell positions. Confluences for buys are as follows: - Price has recently been in an uptrend, forming higher highs and higher lows. - Daily supply zone that needs to get mitigated eventually. - Good demand zones left that price might pick up another bullish rally from. - Liquidity to the upside as well as substantial imbalances that need mitigation. - price has also recently broke structure to the upside once again to confirm the trend. P.S. If price reaches the supply zone without eliciting a reaction from any of my demand points of interest (POIs), I'll patiently wait for a wyckoff distribution to develop on lower time frames before initiating my short positions. Have a great trading week guys!Longby Hassan_fx7
GBP/USD in ABCD Harmonics Patternwe apply ABCD Pattern and take a trade of buy and waiting for PRZ on point D with divergence so that we can again take an entry.Longby aalihassan0
Possible GU LongPrice had a daily false break and is back about it's previous level of support. On the 4H we can see that price has broken it's downtrend identified with the trendline. I'll be looking for price to come back into my 4H level of support for a potential by back to the daily high. Longby itseliwest4
GBPUSD POTENTIAL SWING SELLS!!In line with the analysis on dollar and gold, GU seems clean for sells from 1.265 area. Shortby TENFIGURETRADER2
GBPUSD: Short Signal Explained GBPUSD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short GBPUSD Entry Point - 1.2581 Stop Loss - 1.2635 Take Profit - 1.2489 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals118
GBPUSD**GBPUSD:** This week's forecast is for the price to test the key level at 1.2346 and climb back to the top of the channelShortby simaoxceps0
GBPUSD Bearish Narrative for the upcoming months I will be expecting a weaker pound for the next couple of months due to a number of catalysts.... One of them being a strong Dollar.Shortby DannyKhan130
PREPARING FOR SHORTS ON GBP/USDGBP/USD 4H - This is another market I feel will give us a good amount of bearishness over the course of the next week or so. I am wanting to see price trade us up and into the Supply Zone above, introducing enough Supply to flip the S&D balance. As you can see this market has been very much bearish for some time now and has given us clear bearish structure creating lower highs and lower lows. I feel price is coming back up and will trade us into this zone to set a new lower high. Once we have the penetration it will then be about waiting for price to distribute giving us a break of structure fractally to the downside, this tells us that enough Supply has been introduced to flip the current bull run. This putting an end to the corrective wave and it being the start of the next impulsive wave trading us lower in the market. It is important we wait for confirmation parameters before we look to take part in this market.Shortby Lukegforex111
GBPUSD is approaching a significant resistance area.Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25900 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.25900 support and resistance zone. Trade safe, Joe.Shortby JoeChampionUpdated 4431
GBPUSD Will Go Higher! Long! Take a look at our analysis for GBPUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.256. Considering the today's price action, probabilities will be high to see a movement to 1.271. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider115
HOW CRUCIAL IS THE PRICE LEVEL OF 1.26977?In weekly timeframe , Price in recent time, has been growing a bullish trend and it’s currently approaching the price zone of 1.26977. What next do we expect the market do at that price level ? Can we once more, experience a fall from that level ? Or Do we see a situation where price will break above that price zone to insight more bullish price action? From technical standpoint, we look forward to seeing a sell opportunity develop away from that zone since it’s been serving as a dynamic support and resistance.Shortby Cartela2
GBP USDLong Idea Trend line Break high azia Test Price 1.25600 1.25600 I am start Long idea TP 1.26300 RRR:2Longby teriforexpremium2