Weekly Forex Forecast: GBPUSD is Bearish. Look For SELL Setups!This forecast if for the week of Dec. 16 - 20th.
GBPUSD is bearish, and a bit weaker than the EURUSD. Will this weakness continue into next week? WIth a strong USD, the answer is yes! Wait for sells and look to target the sell sid liquidity.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
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I appreciate any feedback from my viewers!
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
6b1
Why GBP Is the Alpha Wolf: Decoding the Market's Next Big MoveThe COT strategy has revealed potent setups once again. The codes are unlocking the market’s next likely moves. What you’re about to read is no ordinary analysis—this is how the game is truly played.
This week, GBP and CHF stand out. EUR and NZD also look promising. So, why focus on GBP & CHF? The answer is strength. While EUR & NZD took out their April lows, GBP & CHF did not. The strong remain strong. Align yourself with the wolf leading the pack.
Consider GBP. It’s more than just a setup—it's a symphony of signals:
Code #1: COT Indexes
Commercials: 100% Bullish
Small Specs: 100% Bearish
The crowd is fading into weakness. The pros are betting on strength.
Code #2: Small Spec Positioning
The masses are nearly maxed out on shorts. History tells us their extreme is our opportunity. We fade the crowd.
Code #3: Valuation
Using the WillVal tool:
GBP is undervalued relative to Gold, Treasuries, and USD. This is a fundamental misalignment—the market is screaming 'buy.' The code agrees.
Code #4: True Seasonal
Seasonal trends align. GBP’s true path is bullish up to Jan/Feb. Time and trend converge.
The final pieces of the puzzle:
Accumulation: Insider activity shows heavy buying pressure.
Weekly %R: Sitting in the buy zone.
Rate of Change (ROC): Near the bottoming zone. Strength is brewing.
So why GBP over the others? Comparative Strength. GBP & CHF resisted weakness while EUR & NZD faltered. The strong wolf will not be dragged down by the weak. This isn’t a trade—it’s a strategy rooted in probabilities, not guesswork.
Triggers have fired. I’m already long. But remember: this isn’t an invitation to blindly enter. Fundamentals identify the opportunity, technicals time the precision strike. Discipline is the edge.
The question is simple: What will you do with this information?
Will you continue wandering the Matrix, chasing shadows in the market? Or will you learn to see the code that governs it all?
The choice is yours. I can show you how deep this rabbit hole goes. DM me if you’re ready to truly learn how to trade commodity futures like a pro.
There’s no turning back once you see the truth.
GBPUSD | "Cable" Weekly Forex Forecast: Bearish! Sell The -FVG!GBPUSD is weak, and has currently retraced into a Daily Imbalance, overlapped by a Weekly Imbalance. It is from this point of Internal Range Liquidity that I expect price to seek the next External Range Liquidity, down at the low, @1.2487. This will be the draw on liquidity for the upcoming week, imo.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Weekly Forex Forecast: GBPUSD Is Indicating Strength! GBPUSD had a strong close to last week. This led to a bullish BOS on the Daily TF, in the Weekly -FVG. I expect there to be a short term reaction to the imbalance, and then a resumption of the bullish momentum at the bullish FVG on the Daily TF.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Is GBP/USD Set for a Further Rally? Let's have a look.The GBP/USD pair made a robust recovery at the beginning of the week, showcasing strength against its major competitors. This bounce-back comes after a notable decline on Friday, triggered by disappointing economic data. Specifically, the UK Retail Sales contracted at a faster-than-anticipated rate in October, and the flash S&P Global/CIPS Composite Purchasing Managers’ Index (PMI) for November fell below the critical 50.0 mark for the first time since October 2023.
The primary factor contributing to the Pound Sterling's resurgence appears to be strong market sentiment regarding the Bank of England's (BoE) potential for a more measured approach to policy easing compared to other Western central banks. Notably, the currency is trading within a demand zone, suggesting the potential for upward movement. Additionally, the Commitment of Traders (COT) report indicates that retail sentiment is leaning bearish; however, similar to the EUR/USD, the opening gap might be filled, which could lead to a further decline in prices.
A decline towards the 1.2400 level could present an attractive buying opportunity for those looking to acquire the Pound at a discount. Historical seasonality trends also indicate a likelihood for the GBP to appreciate in the near term. Nevertheless, I recommend waiting until Wednesday, following the release of the USD unemployment data, before making any trading decisions. Currently, my outlook remains bearish on the GBP/USD.
GBP/USD GAP
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Weekly FOREX Forecast: BUY USD vs EUR GBP AUD NZD CAD CHf JPYThis is an outlook for the week of Nov 11-15th.
In this video, we will analyze the following FX markets: EUR, GBP, AUD, NZD, CAD, CHF and JPY.
The USD is strong and showing no signs of weakness. But price is at the highs, so there is potential for a pullback to start at any time.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
WEEKLY FOREX FORECAST SEPT 7-11th: GBPUSD GBP | GBPUSD is at an OTE level currently, and may find support for higher prices. I am on the lookout for BUY setups, as I do not want to take shorts in this market until prices breaks below 1.3000.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
GBP/USD Eyes Key Demand Zone: Potential for Retracement AheadThe GBP/USD currency pair has approached a notable demand zone, which appears particularly intriguing on the future 6B1 chart. This area could present significant opportunities that may become even more evident in subsequent trading sessions.
Currently, the price of the GBP/USD pair is exhibiting signs of being overbought. This condition is largely influenced by retail traders who are driving the price upward aggressively. Such market dynamics often precede a potential pullback as the buying momentum may not be sustainable over the long term.
Given these conditions, we are anticipating a retracement of the British Pound in the near future. This expected downward movement would align with the typical market behavior following an overbought state, where prices correct themselves after a significant upward surge. Traders should monitor this development closely, as it could offer valuable entry points for those looking to capitalize on the impending adjustments in price.
GBP Futures ( Weekly Chart )
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GBPUSD 1000PIPS Bearish MoveHello Guys GBPUSD looks bearish to me expect A Bearish Drop this week and possibly even next week. this is my outlook and forecast on the pair i am seeing the high of the week forming most likely on tuesday if not it will be on wednesday.
target 1: will be the Daily key level
target 2 : Previous Week Low (not high probability)
good luck and good trading.
GBP/USD:Anticipating a Bearish Scenario for the British PoundFollowing our successful forecast on the British Pound (link below), we are now poised to take advantage of another shorting opportunity as the price retests the previous supply area. This retest suggests a possible bearish scenario on the horizon.
Our analysis is further supported by the latest Commitment of Traders (COT) report, which indicates a notable increase in retail long positions. This influx of long positions among retail traders often precedes a bearish reversal, providing additional validation for our anticipated market movement.
As the British Pound retests the supply area, we foresee a potential new bearish impulse forming. This aligns with our strategic outlook, where we aim to capitalize on the expected downward momentum. The convergence of technical analysis and trader sentiment data strengthens our confidence in this bearish forecast.
In summary, we are preparing for a bearish scenario for the British Pound, leveraging the retest of the supply area and the insights gained from the COT report. This approach ensures we remain well-positioned to take advantage of the expected market movements. Stay tuned for further updates and detailed analysis.
Previous Forecast:
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GBPUSD. Weekly trading levels 10.06.2024 - 14.06.2024During 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. :)
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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!
GBPUSD. Weekly trading levels 3 - 7.06.2024During 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. :)
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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!
GBPUSD. Weekly trading levels 27 - 31.05.2024During 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!
GBP (GBPUSD, 6B1!) Weekly Forex Forecast.... BULLISH!Bias is Bullish, overall.
Price has formed several +FVGs on the way to the DOL.
Potentially, a pullback to one can propel price higher to the draw on liquidity at 1.2810.
I do not think price pullback further than this +FVG at 1.2745. This is also the location of the
Volume Imbalance seen on the Daily TF.
GBPUSD. Weekly trading levels 13 - 17.05.2024We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead.
During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
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. The next morning I adjust the levels based on the new data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern.
Don’t forget to like Rocket, Comments and Subscribe!!!
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!
GBP (GBPUSD. 6BM2024, GBP FUTURES)... BULLISH!Bias is Bullish.
Came very close to the DOL, and
barely missed the FVG. I expect
both will be tapped next week.
The IFVG, price trading through
the swing high, and the +FVG, are
multiple confluences that support
the idea that price will find support
at these levels and continue higher.
Expecting price to tap the +FVG
before heading higher.
Thank you for viewing!
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
May profits be upon you.
GBP/USD Trends: Implications of UK and US Economic IndicatorsGBP/USD is facing challenges in the aftermath of the recent data release from the UK's Office for National Statistics. According to the data published early Tuesday, the ILO Unemployment Rate in the three months to March edged higher to 4.3% from the previous 4.2%, aligning with analysts' expectations. Meanwhile, annual wage inflation, indicated by the change in the Average Earnings Including Bonus, remained steady at 5.7%, surpassing market forecasts of 5.3%. Despite these mixed indicators, Pound Sterling failed to garner significant momentum.
The price action has exhibited a reversal with a negative delta, signaling heightened activity from both buyers and sellers within an imbalance on the daily chart. Our strategy involves capitalizing on the inefficiency around the 1.24675 area, where there is potential for further downside movement. The volume remains subdued, as observed in the futures market, which has retraced to retest the previous Point of Volume of the preceding session, suggesting a downward bias for the GBP/USD pair.
In the upcoming early American session on Tuesday, the US Bureau of Labor Statistics is set to release the Producer Price Index (PPI) data for April. Investors anticipate a 0.2% monthly rise in the PPI ex Food & Energy. A core PPI increase exceeding 0.3% could bolster the USD against its counterparts, while a figure below market consensus might buoy GBP/USD. However, given the proximity to Wednesday's Consumer Price Index (CPI) data release, any market reaction is likely to be short-lived.
British Pound Futures
GBP (GBPUSD, 6B1!) From Bullish to BEARISHPrice is currently in a W/D1 -FVG. Therefore, I am Bearish.
Look at the position of price in the trading range. Reached into Premium last week, then back into Discount a bit. We Open this week with price heading up, in the near term.
Looking for the signature for sells.
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GBPUSD. Levels for intraday trading 1.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP.
Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level 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.
TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1.
Don’t forget to like Rocket and Subscribe!!!
GBP (6B1!, GBPUSD) ... BEARISH!Bearish.
Price has raided an old swing
low, and then mitigated a +OB.
Expecting a bullish reaction in
the near term, up to the local
lows. The market will resume
the bearish trend afterwards.
I enjoy any feedback or questions in the comment section.
All opinions are welcome!
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POUND FUTURES SELL SHORTWaiting for rejection off the liquidity zone.
Then I will look to sell from that zone.
Selling only after the break below the HMA and the retest of the liquidity zone
**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk management*