GBPUSD Down Trend Level "In the four-hour chart, we see a very strong trend that can halt the pound's rise against the dollar. We must be cautious of the dollar index at the entry point in order to succeed in the trade."by Hejaaa5
GBP/USD Shorts from 1.27500 back downMy bias this week is to look for nearby sell opportunities as we approach a strong supply zone on the 21-hour chart. I will wait for a Wyckoff distribution to unfold, likely on Monday or Tuesday, to take sells back down to the next demand zone. Since the equal highs have been swept, I expect the price to slow down and provide a clear entry model for shorts. Despite the current bullish trend, I plan to take these sells down to the next demand zone, where I will look for long positions to continue the trend. Confluences for GU Sells are as follows: - 21hr supply zone has caused a break of structure to the downside and has an imbalance - The overall trend on the higher time frame is bearish and the dollar is also overall bullish. - Price has swept equal high liquidity enough to now break back down. - Bullish pressure is getting exhausted after the bullish rallies we saw last week. P.S. Since the price hasn't yet tapped into the supply zone, I'm also watching for an Asian high sweep, which will further confirm my sell bias. Additionally, we're approaching the psychological level of 1.27500, so it will be interesting to see how the price reacts. Have a great trading week! Shortby Hassan_fx6
GBPUSD Is Bearish! Sell! Please, check our technical outlook for GBPUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.270. The above observations make me that the market will inevitably achieve 1.260 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 116
CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!🎯Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 1.25450 to 1.25350. Additionally, medium-risk buy zone between 1.26000-1.25900, respectively, are highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 1.25450 and 1.25350, serving as a low-risk buy. Medium-Risk Buy Zone🟠: Noted between 1.26000 and 1.25900, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 1.25500: Possible retracement area. 1.25900: Possible retracement area. 1.26200: Possible retracement area. 1.26750: Significant supply zone. 1.27000: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Longby TTradessss6
CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!🎯Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 1.25450 to 1.25350. Additionally, medium-risk buy zone between 1.26000-1.25900, respectively, are highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 1.25450 and 1.25350, serving as a low-risk buy. Medium-Risk Buy Zone🟠: Noted between 1.26000 and 1.25900, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 1.25500: Possible retracement area. 1.25900: Possible retracement area. 1.26200: Possible retracement area. 1.26750: Significant supply zone. 1.27000: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Longby TTradessss6
GBPUSD During the early Asian trading session on Friday, the GBP/USD pair experienced a modest rise, approaching the 1.2670 mark. Despite a slight pullback, the outlook remains bullish for buyers as the GBP/USD successfully breached the 1.265 resistance level, turning it into a new support. It is anticipated that the upward momentum will resume after a retest of the breakout point, as previously analyzed. by Trader_BrianFX1113
Strifor || GBPUSD-Week StartingPreferred direction: BUY Comment: The British currency , like the euro , is considered for purchase this week, but not higher than 1.28000. The most likely scenario №1 assumes a pause and possibly a small downward correction, and only then growth towards the level of 1.28000 . The current resistance area at 1.27000 is a difficult obstacle for a buyer, but it is all so surmountable. In the event of an unsuccessful breakdown of the indicated resistance, one can look for a long entry point near the levels of 1.26500 and 1.26000 (scenario №2). Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Longby Viktor_strifor_analystUpdated 115
GBPUSD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran904
GBPUSD accelerated to the upside this past weekGBPUSD accelerated to the upside this past week, briefly reaching its highest level in nearly two months at one point before the weekend. If the rally continues and gains momentum in the coming sessions, resistance is likely to appear at 1.2720, the 61.8% Fibonacci retracement of the 2023 decline. Further strength could then direct focus toward the 1.2800 mark. On the flip side, if the upward impetus fades and sellers regain control of the market, confluence support extending from 1.2615 to 1.2585 could offer stability in case of a pullback. If tested, traders should watch closely for price reaction, keeping in mind that a breakdown could give way to a move towards the 200-day simple moving average hovering around 1.2540. by Xayah_tradingUpdated 7
GBPUSD: Waiting For Breakout!The GBPUSD ended the previous week by testing a resistance cluster formed by a horizontal structure. Due to the strong bullish trend, there is a high likelihood that the market will break through this resistance. I will be looking for a confirmation of a bullish continuation with a 4-hour candle closing above the marked blue area. If this happens, the market could potentially see significant gains.Longby linofx15
GBPUSD at Resistance zoneThe trendline has been a significant price barrier, having been rejected multiple times before. It is probable that price will be rejected once again. Search for a selling opportunity and aim to profit at the lower support level. Look for confirmation signals such as bearish candlestick patterns or a decrease in buying volume to strengthen the selling opportunity. Keep a close eye on the price action as it approaches the lower support level for potential exit points. Remember to manage risk carefully and consider setting stop-loss orders to protect your capital in case the trade goes against you.Shortby LeoDante_FX4
GBPUSDGBPUSD just enter the bearish trend. broke the last HL and made first LH and LL> We didnt wait for the breakout because trend already broke. Shortby Naqash914
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_FX5
GBPUSDMy opinion about this currency pair is clear in the picture. A little up and then downShortby sepidehsky5
This analysis is really good, I suggest you take a closer lookHello, friends. I've been selling positions since yesterday. The price grabbed liquidity from the weekly candle, yesterday grabbed the previous daily high, and we had the impulse from May 9 without any correction. I think it's time to see some deep correction, with the first trading point in the 1H zone around 1.26500 The long-term target is around 1.26,000 Let's be happy trading!by Sherry-MkUpdated 3
An ideal position may develop for GBPUSDIf the price can rise up to 1.27484 to 1.27686, based on the following analysis, it can have a good return: 1- Elliott wave analysis which includes 5 complete waves. 2- Fibonacci retracement point analysis. 3- The stock is in the overbought area. 4- Trend line in daily time. This is my analysis that you can see in the chart. Good luck.Shortby siyamakshafighfard3
GBPUSD Bearish Reversal: Key Sell Opportunity Ahead!Greetings, Traders, Currently, on the H1 timeframe, the price is indicating a potential reversal. We have observed a market structure shift, suggesting that the internal structure has turned bearish. With this information, we focus on premium points of interest, such as the H1 bearish order block that the price has tapped into, which aligns with the Fair Value Gap (FVG) that has been completely filled. This confluence suggests looking for sell-side delivery towards the daily FVG, which serves as our draw on liquidity. Kind Regards, The_ArchitectShortby The_Archi-tect3
GBP/USD SWING SHORT We are currently bearish on the daily timeframe and price just came into a very strong resistance level/order block with the daily stochastic RSI in the way overbought territory. I am in on shorts from 1.27500 and looking to hold it unless price says otherwise. Shortby RemzyFXUpdated 3
Potential Long on GBP/USDFollowing last weeks' momentum, I expect a break to the upside from the 1.25299 area but wont be surprised if price goes to 1.24747 for a pull back before going long by PRAXISFXUpdated 4
GBPUSD - SHORTGBPUSD - SHORT, one more up possible, but not interested, only sell when we get the setups, minimum 1.25** trade with care and wait for the setups, always use SL. V.RaguShortby Ragunath-London3
Cable SellLooking at a lower pound next week, looking for the attached for my weekly basis FX:GBPUSD Shortby brendanpj223
GBP/USD - Buy zone!Hi there! I'm buying the GBP/USD : -RMID (Range Manipulation Initiation Distribution) -We have liquidity. -We have an interesting zone. -We have the optimal fibo. -We have accumulation before/on the zone. -We are with the trend.Longby InfiniteY4
GBPUSD = SELL📊📈💸Look at the DAILY scenario price has a premium zone with a rejection wick, a confirmation for a reversal, you can look for a market structure shift or an aggressive entry for SELL'SShortby welcomethembelihle993