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 downward trend will continue.The downward trend will continue. In the RSI indicator, the oscillator will move up to the level of 30 and the saturation point of buying and selling.by Behnam_Hosein_Nezhad0
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
GBPUSD SETUP SETUP: GBPUSD has been on the buyside of MMXM for a couple of weeks now. Initial consolidation and second stage consolidation clearly marked and completed. As such, we expect a higher price action on this pair to complete the model. by Simeon20271
GBPUSD SETUP SETUP: GBPUSD has been on the buyside of MMXM for a couple of weeks now. Initial consolidation and second stage consolidation clearly marked and completed. As such, we expect a higher price action on this pair to complete the model. Longby Simeon20270
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 BUY TRADEBullish formation on GU, price is currently at a major support zone and there’s a bullish pin bar candlestick signaling the buy moveLongby Skyviewfx1
GBPUSD Short! 21/5/2024GBPUSD Short! D1, H4, Hitted resistance. H4 rejection with long wicks. SL - 1.27341 TP - 1.26727Shortby LawrenceWongWBS1
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
DeGRAM | GBPUSD pullback from the rising wedgeGBPUSD is in an ascending channel. The chart has reached the upper boundary of the channel and is moving in an ascending wedge. The price is trading near the resistance level. We expect a correction. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM229
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
GBPUSD. Weekly tradingWithin a week, you can trade from these price levels. Finding an entry point for trading depends on your trading style and how the situation develops. If you expect medium-term price movements, it's likely to start in one of these areas. The level was good for a week, and the next morning I adjusted the level based on the new data Prices are plotted based on volume and data from the CME. An area of interest used for trade. When approaching a level, a "reaction" is expected and it can act as a trade for rallies and breakouts. The worst option is that we rotate around the level in a flat surface. Don't reverse the market at every level; If there is a trend movement, see it as an opportunity to enter the continuation movement. Until the price reverses.by Besttrader-jackUpdated 5
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 3
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
Gbpusd sell setup Gbpusd has been consolidated lately forming a rising wedge meaning buyers are getting weaker ….a break out and retest is expected to confirm the down movement…Shortby GBPUSD_King3
Time to sell? Internal signalI hope you find it rewarding This week I think there could be a downward correction in GBP/USD, after which we can establish long positions in the blue zone. The internal signals of the day will be analyzed for you every dayby Besttrader-jackUpdated 7
Mistakes is the growth of a Trader.One key pivotal change of my trading is being able to learn from my mistakes and continually re-tweak my trading when I learn from my mistakes. Have a watch of the trade recap where key lessons will be learn such as: Giving your trades a second chance Minimising a loss. Education13:01by A_Dominic0
Long Trade This is only for educational purposes Sweep of liquidity sees the Pound/Dollar looking bullish as its going to clear out yesterday's highLongby descentoitsile1
GBPUSD Sell PositionI'm still in sell position from yesterday. The price grab liquidity from weekly candle, yesterday grab previous daily high and we have impulse from 09 May without any correction. I think is time to see some deep correction with 1st TP at 1H zone around 1.26500 Longterm TP around 1.26000 What do you think?Shortby activetradeclubcom0
SELLWe got divergence on 4h chart, over bought lever and a strong resistance. Im expecting GBP to drop against USD in the near futureShortby samuraixxUpdated 2
GBPUSD Money Heist Plan on Bullish DirectionMy Dear Robbers / Traders, This is our master plan to Heist GBPUSD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level Police Force is waiting for our arrival, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.Longby Thief_TraderUpdated 0
GBPUSDLooking at gbpusd, I thing it will have o drop to the gray area before shooting UP. Hopefully it will respect our analysis as much as it respected the trendShortby Richman_Pinnacle_Group117
Fundamental Market Analysis for May 21, 2024 GBPUSDThe Pound-Dollar pair continues to rally near 1.27100 on Tuesday in the early Asian session. Investors are expecting more catalysts as various Federal Reserve (Fed) speakers are due later in the day. On Wednesday, close attention will be focused on UK Consumer Price Index (CPI) data and FOMC meeting minutes. On Tuesday, the US dollar trades stable amid the absence of important economic data from the US and the UK. Fed officials remain cautious about the timing of the end of the easing cycle and emphasize the need to hold rates longer to gain confidence that inflation is moving towards target. The minutes from Wednesday's FOMC meeting will take center stage as they may provide some clues as to the future path of interest rates. On Monday, Fed Vice Chairman Michael Barr said the central bank “needs to give our restrictive rate path some more time to continue its work.” Meanwhile, Fed policymaker Philip Jefferson, another permanent voting member of the Fed's rate-setting committee, said inflation continues to fall, though not as fast as he expected. The Fed is expected to leave rates unchanged at its next meeting in June. Financial markets believe there is a 76% chance of a 25 basis point (bps) rate cut in September and two rate cuts before the end of the year, according to the CME FedWatch Tool. The US Fed's wait-and-see stance is likely to lead to a US Dollar (USD) rate hike and could limit the pair's near-term growth. Trading recommendation: Watch the level of 1.27200, on the rebound take Sell positions.Shortby Fresh-Forexcast20040