GU 1st entryBullish Bias. Looking for a quick market move towards the liquidity levels above current price in form of a pullback to continue with the trend in new York sesh.Longby hskarue2
GBPUSD WILL GO HIGHER BUYTP-1-------15Pip TP-2-------35Pip TP-3-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial advice Longby ArehmanB2
GBP/USD PREPARING FOR THE NEXT LONG LEGGBP/USD 1D - I have been waiting all week for this pullback and it looks as though we have finally got it, I want to see price now pullback fully into the Demand Zone below, clearing half of this area before delivering us with some confirmation of an S&D flip. Once we have been delivered with the penetration we want to go down on timeframes looking at the 1&4H to see a break in structure to the upside, this will confirm to us that the correction trading us lower fractally has finished and a new leg taking us higher is ready to take place. Its is important as always that we are not pre-emptive with the trades we place and we wait for as much confirmation as possible before looking to place a position in the market. To further refine a potential long trade we could look to go down again on timeframes when we are delivered with the initial fractal break and wait for a pullback into a more fractal area of Demand before entering.Longby Lukegforex3
bears having funlooks like we will see more downside to this pair in coming weeks still. risk wisely and sell below market areas.Shortby ForxTay3
GBPUSD LONG SCALE IN!Price printing structure as last week, I am aware that anything can happen, but I am using the law of probabilities and the confluence infront of me. Market structure still bulllish on HTF 30% Weekly and Daily at same AOi Weekly rejection at AOi Daily Rejection at AOi Around Psychological Level 1.27500 H4 Touching EMA Candlestick rejection Rejection from Previous structure Levels 3.89 Entry 100% 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 3
GBPUSD IdeaScalp buy 1.26700, TP 1.27330 38% fibo. Big short at 1.275xx till we reach LQ 1.25250. Trade will hold as long as we don't break structure. Trade safe! Shortby fxiamyuuu2
ECB just cut... Is it BOE’s turn next week? The European Central Bank (ECB) initiated its cutting cycle last week on June 6. Expectations are that ECB policymakers are in no hurry to follow this first cut with a second one. Next week, we will see how much of a hurry the Bank of England (BOE) is to follow the ECB. A Reuters poll of 65 economists indicates the BOE is likely to wait until August to cut interest rates. The consensus had previously settled on a cut on June 20, so bear that in mind when taking their forecasts into account. UK inflation eased to 2.3% in April, close to the central bank's 2.0% target, from a peak of 11.1% in October 2022. So why wouldn't the BOE cut rates this month? Well, wage and services inflation, both watched closely by the BoE, are still around 6%. The question that arises is how much the BOE weighs inflation in this sub-section of the economy against overall inflation. On the GBP/USD chart, after reaching a three-month high, buyers were unable to keep the pair above 1,2800 to challenge the year-to-date (YTD) high of 1.2894. The next support level is possibly 1.2700. by BlackBull_Markets3
GBPUSD H4 (Prior to US CPI & FOMC)Considering the scenario that the CPI data is released higher and/or the FOMC presents a hawkish tone, this would mean that the US interest rates could stay high for longer. This would bring significant strength to the DXY which could see massive downside for the GBPUSD. However, the GBPUSD has developed a strong support along the 1.27 price level, formed by several swing points and the 23.60% Fibonacci retracement level. In DXY strength, look for the GBPUSD to break the bullish trend line and the support level before anticipating further downside toward the 61.8% Fibonacci retracement level and support area of 1.25Shortby JinDao_Tai3
GBPUSD - Take a hike bullsDaily supply area bouncing price! enter now, add when uptrend channel breaks best of luck!Shortby Uzi-Trades-ForexUpdated 4
Bullish GBPUSD Here we have a week dollar , giving the platform for a bullish daytrade for gbpusd probably for next two days till we get to the next resistance Longby Zim_12
E/U and G/U top downs 17-06-24top down analysis using SMC made live for you so that eventually you can also understand how i operate on live markets if you want to know how i enter trades or how i see a certain asset just follow me, message me and i will most likely do a custom video for you. tell me if you would like a tutorial video of how i find structure or SnD zones Short14:46by tommasomariacomini2
GBPUSD : Short Trade , 4hHello traders, we want to check the GBPUSD chart. The price has broken the upward trend line, but we still cannot say that the trend is downward. Currently, we have two scenarios in front of us. The first case is that the price cannot break the specified support level and the price stays in a suffering zone for a while. And the second case is that the price can break this level and a downward trend is formed in the market. Considering the strength of the downward movement and the fact that there is no sign of weakness in the downward movement in the lower time frame, it seems that the second scenario is more likely and the price will enter a downward trend after breaking the support level. If the price trend is downward, we expect the price to fall to around 1.24700. Good luck.Shortby mrAT_Trader2
GBPUSD Next week expectation #GBPUSD Next week..! After ending Friday the pair broke the 4H support level 1.2712 - 1.2703 area. Currently running between the Decending Channel. Next week the price will retest the above resistance area. Once the bear market is retested. Wait for selling the gbpusd as a swim trader. Scalpers can get selling in 1.27014 to 1.2657 level. *My expectation not suggested. Shortby chamitha452
British pound/ USD- Bearish - FIB British pound/ USD- Bearish.................................. Using FIBShortby talhaamjad571
GBP/USD Gave Amazing Bearish P.A On Many T.F , Sell Soon !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.Short01:10by FX_Elite_Club2
Why I'm selling GBPUSDHello!! This is a basic Technical analysis trade that I will be taking imminently after the market opens. Please note that this is an idea not a signal We have a clear well defined trend with a min of 3 touches validates our trendlines We have a liquidity sweep which I like to call SL hunt. It validates our trade further indicating that the buyers are no longer in power. This is our TP aiming at our recent high Shortby Linkhive0012
Possible plunge in sterling (GBPUSD)With a crimson-red start to the week for European indices and the euro, today's data releases on the “fish & chips” island, the UK is faced with April data on economic growth, exports, trade balance and industrial production. Expectations, despite being negative, have been far from accurate with none of them performing as poorly as they have. The British economic slowdown during the first quarter has been a fait accompli. In the American session we will have statistical data on consumer prices for the month of May, inflation data, current accounts and trade balance for the month of April which is expected to be lower than the previous month. And finally, the afternoon will close with ECB Vice President De Guindos' statement on economic policies for Europe, with the Fed's afternoon close being the key data in its statement on the interest rate decision and economic projections expected by the FOMC. Although it may not seem relevant, the document published by the Department of Agriculture, World Agricultural Supply and Demand Estimates (WASDE), will give us a possible forecast for crops and livestock that must also be taken into account for the food sector and in relation to inflation. Also published by the Royal Statistical Society of the United Kingdom (RICS), the house price balance, which is expected to be negative again. In relation to the GBPUSD cross, it is possible that we will see movements that push the price of the pound down to the middle zone of the long term channel following the news of weakness in the UK and if that weakness continues against the dollar it would not be unusual to see it retest the second resistance zone where the price has traded the most during the first phase of the year. At the moment the currency bell is dual, so the first current price zone has the checkpoint (POC) 1.27208 dollars per pound sterling, and the second most traded zone is slightly above the second support zone at 1.25272. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Shortby ActivTrades3
GBPUSD (Bullish trend above 1.2700)Technical Analysis of GBPUSD Stability above 1.2693 will support a bullish trend, targeting 1.2783. Breaking this resistance will lead to further bullish targets. Conversely, a reversal to stabilize below the pivot line at 1.2693 will support a decline towards 1.2627 and 1.2572. Pivot Price: 1.2700 Support Levels: 1.2627, 1.2572, 1.2541 Resistance Levels: 1.2780, 1.2820, 1.2898 Today's expected movement range is between 1.2693 and 1.2783. previous idea: Longby SroshMayi4
GBPUSD 30Mins The market is currently exhibiting a bearish trend, with downside momentum expected to continue as long as the resistance level at 1.2739 holds firm. Traders should monitor this level closely, as any failure to breach it will likely result in further downward movement. *). The next significant price target on the downside is 1.26900.Traders should consider this level as a potential support area where the price may stabilize or reverse. *). Short Positions: Consider maintaining or entering short positions while the price is below 1.2739. Stop-Loss: Set a stop-loss above 1.2739 to manage risk effectively. Take-Profit: Aim for the 1.26900 level as a potential take-profit point for short positions. Bearish as long as resistance at 1.2739 remains intact.A break above 1.2739 could invalidate the downside bias and potentially lead to a reversal or a new bullish trend. *). Monitor market sentiment and news that may impact price movement.Use technical indicators to confirm trends and entry/exit points. By adhering to these guidelines, traders can better navigate the market's bearish conditions and manage their positions effectively. Shortby vbenking91557
GBPUSD long trade intradayHello guys this is my analysis for gj for the coming week. I believe price will head up to higher highs from here as it's still in an uptrend. If it bounces off this level I will be longing this pair Trade safeLongby Chathifriends1110
GBPUSD waits for a clear breakoutDear traders! GBP/USD consolidates and remains near weekly highs but below 1.2800. Although the pair tested the trend channel support, the pair seems reluctant to break decisively above that level which could push the price to a year-to-date (YTD) high of 1.2894 Amid a cautious market mood, the US Dollar held its ground and did not allow the pair to move higher. But, looking ahead, the pair still has good technical support as GU is gradually forming a rising wedge with recent steady accumulation. Accordingly, GU's recent confluence around the support line is signaling the pair to break channel resistance. And if that happens the possibility of a breakout will increase, a break of 1.2800 and price consolidation above this area will stimulate strong buying.Longby ConanForexUpdated 151540