the bearish trend will come.Price will hit dynamic resistance. The saturation point is an important resistance. You can wait until the price hits the channel.by Behnam_Hosein_Nezhad1
GBPUSD BEARISH -May 24📢 Signal: SELL GBPUSD 📉 Entry Point: 1.27212 🔍 TP1: 1.26982 🎯 (30 pip TP) TP2: 1.26752 🎯 (60 pip TP) SL: 1.27412 ⛔️ (20 pip SL) Ensure proper risk management when following signals! 💡 @Mr_Bombastic_SignalShortby mr_bombastic_signal0
GBPUSD Dow TheoryGBPUSD Dow Theory GBPUSD has printed a series of HH and HL.Longby euphoricProfil797210
GBPUSD → A false breakout draws a pin bar. Sellers are winning FX:GBPUSD is forming a test of the resistance level at 1.271. There is a struggle for the level during the week and apparently the sellers are winning (pinbar is formed and consolidation under the level). Technically, the downtrend was broken earlier, but there was no confirmation of the boundaries and confirmation of the trend change, so the area of 1.271 may become the zero point for the beginning of the correction. The currency pair on the background of fundamentally strong dollar may go down to 1.2664 with the subsequent breakout and fall to 1.257. Overall, the environment is unstable due to high inflation and regulators' decisions. Resistance levels: 1.271, 1.28 Support levels: 1.2664, 1.257 I expect the beginning of correction to the support area, although the bearish channel was broken earlier, but there are no strong bulls in the market yet. Regards R. Linda!Shortby RLinda101045
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
#GBPUSD Sell SignalPrice formed a complete 3 drive pattern with an engulfing on the 4hr signaling a drop. We also have a break of market structure on the 1hr which support my short bias. Shortby Liquidity_Queen112
GBP/USD BEARS ARE GAINING STRENGTH|SHORT Hello,Friends! GBP/USD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 1.252. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals115
GBPUSD - 24 May 2024Although price has now broken the neck line / support trend line, however this is not enough to convince me that the trend has already reversed and will start to move lower from here. I need further confirmation to supply really holding still and maintain a strong control to really change my bias to bear, now I prefer to maintain neutral. Price can still put in a HH from here.by FX_ArteezZ113
GBPUSD. Weekly trading levels 20 - 24.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me! by Forex_HobyUpdated 7
Fundamental Market Analysis for May 24, 2024 GBPUSDThe Pound-Dollar pair is losing momentum to recover near 1.26950 in the early Asian session on Friday. The major pair is declining after pulling back from a recent top near 1.27600 amid renewed demand for the US Dollar (USD). Later on Friday, data on US durable goods orders and Michigan consumer sentiment index will be released. On Thursday, the flash PMI from the S&P Global Composite rose to 54.4 in May from 51.3 in April, beating the market consensus forecast of 51.1. The reading was the highest since April 2022. Meanwhile, the manufacturing PMI rose to 50.9 in April from the previous reading of 50.0. The services PMI for the same period improved to 54.8 from 51.3 previously. Both indicators were better than market expectations. Rising input prices in the manufacturing sector indicate that inflation may pick up in the coming months, which could prompt the US Federal Reserve (Fed) to delay an interest rate cut this year. This, in turn, would provide some support for the US Dollar and create a headwind for the GBP/USD pair. On the other hand, the UK CPI inflation report earlier this week caused investors to lower expectations for a Bank of England (BoE) rate cut next month. Investors believe that the probability of a first rate cut in August is almost 50%, and a quarter-point rate change will not be fully priced in until November. Trading Recommendation: Watch the level of 1.27000, on the rebound take Sell positions.Shortby Fresh-Forexcast20041
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 EVERYDAY TRADE SETUP R:R 1:3Dear All, this my idea for Long. GBPUSD collect sellside liquidity. once buy signal confirm then only i go long side. this is my ideas only. what you are flow your trading statistics you can continue. you need more my ideas. follow me.Longby TradsTrendTacticsUpdated 4
uptrend It is expected that a trend change will be formed in the current support range and we will witness the beginning of an upward trend. If the continuation of the corrective trend is formed, it can advance up to the green support range, then it is expected that a change in the trend will be formedLongby STPFOREX115
GBPUSD Symmetrical Triangle Breakout ? 24.05.2024- Symmetrical triangle 1HR chart pattern spotted on GBPUSD. - Upside break of downtrendline indicates potential exchange rate increase. - Downside break of uptrendline suggests possible exchange rate decline. - Emphasize risk management. _________________________________________________________________________________ Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) by BDSwiss_Academy1
#GBPUSD - 24052024GBPUSD hit my buy level and moved up 40 pips but did not manage to get to next level. And GBPUSD closed below 1.2702 strong level and we got a re-test but failure and we are now near yesterday's low. Overall, can, look for shorts below 1.2702, with 1.2638 as a near term price target. If GBPUSD goes above 1.2702, could see further up move to 1.2718 or 1.2736 before a move lower IMO. And at 1.2638, could look for long opportunities to target a move back to 1.2674.by FadeMeIfYouCan1
GBPUSD 1H Long Trade - 1:3 RRRSL: 1.26505 TP: 1.28380 In this trading strategy, I present a compelling opportunity for a long position on the GBPUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3. Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.Longby panjikadarUpdated 111
BUY GBPUSD for uptrend continuation BUY GBPUSD for uptrend continuation STOP LOSS : 1.2637 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here Longby BALE_FX226
GBPUSD - Trade both waysAm looking to take a position on GBPUSD. Wait for a 15 minute closure above or below It looks more prepped to sell off rather than buy off. In the rare case that it does reverse, I will take buys above range 2. There is news in about 12 hours so please be mindful. by PipShiesty3
Bullish bounce off 38.2% Fibonacci support?The Cable (GBP/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 1.2634 1st Support: 1.2567 1st Resistance: 1.2763 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets9
GBPUSD -SELLA technical sell looking at indictors on a short time frame however I also think price will retest 1.27185 mark before heading down. On the back of this week the dollar has shown strength, thus cooling off the loses across all dollar pairs. In hindsight we are likely to see more short momentum. Summary Entry = 1.27185 Target 1 = 1.26496 Target 2 = 1.26000 RR Ratio ( T1)= 2.02 RR Ratio (T2) = 3.41 Plan the trade, Trade the plan!!! Follow and Boost my ideas and let's Grow together.Shortby ForeignCapital_fx336
Mid-day trend downFX:GBPUSD Technical analysis: the price has contacted the support level of 1.2690 three times, from the view of sellers, if the support of 1.2690 is broken, the downward movement will start from the supply area of 1.2726. From the point of view of buyers, breaking the resistance of 1.2752 and starting the upward movement to the resistance of 1.2787Shortby majidhossine221
GBPUSD TIME DAILY GBPUSD is bearish to timeframe daily it is tp1 and tp2 clear in the chart Shortby mahdi672
GBPUSD setupWait for price to pull back into the demand zones for more sells on GBPUSDShortby CurrencyMomentumFX0