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Gbpshort

GBPUSD Analysis!!!Dear Traders, I'm observing a descending channel on GU, and expecting price to approach a key resistance zone around 1.3110 - 1.3170, marked in red. I'll be looking for bearish signs with clear confirmation, in this area to consider potential short entries. Should GBPUSD respect this resistance, it may retrace downwards, targeting support levels around 1.2900 and potentially reaching the 1.2820 zone if bearish momentum persists. However, if buyers break through the resistance, I expect further bullish movement towards the upper yellow zones. Monitoring closely for confirmations before taking any position. 🚨 Any question comment me bellow!
by FxShzd
GBP/USD: The weight of evidence approachThere are always reasons not to take a trade. You have to take a 'weight of evidence' approach - and you'll still often be wrong ;) The idea: Trade GBP/USD short on a daily close below critical support. Looking for 2:1 RR Reasons for: Trend is lower (falling fractals / price below the 50 DMA) Momentum is to the downside (MACD below zero) If the break holds, then long term trend has turned to a downtrend, adding more force to the short term downtrend. Reasons against: Already had a big move lower Longer term trend has been up - this maybe an exaggerated pullback. The nice thing about trading, you don't have to stay wrong. If this breakdown trade fails - it tells us the market has strength. So then we can wait to trade a break above resistance or a fractal
Short
by jasperlawler
GBPUSD: Momentum Waning - Mid-Level Test Expected Soon!A bit late to this one, but if the price moves back above the breakdown area, I’ll consider taking a short position. There’s significant weakness against the dollar in most pairs. This could be short-lived, but it looks like this one might be rolling over for good, at least down to the mid-level. A conservative target is 1.2950. If things go as expected, we could comfortably trade in the 1.27 range within the next week or two.
Short
by ZelfTrade
GBPUSD 1.32055 -0.08% SHORT MULTI TIME-FRAME ANALYSIS + DXYHELLO TRADERS Hope everyone is doing great 📌 A look at The CABLE At the close of ASIA INTO THE LONDON, TO NY PM SESSION * With a bullish run into Monday open today will be looking for some retracement. * looking at the daily last week friday failed to take high wich is a sign of weakness on GU. * even though the -OB is violated looking for a retracement. * on the 4H looking for a bullish open to take ASIA high LQ. * PO3 * Push higher before going for lower structures. * looking for an aggressive move above out of the range to sweeep. * and agressive in. * this where I would look for entries short. * Looking for the take of that ERL. * with two possible OTE ( ASIA HIGHS, AND LONG TERM HIGH) , EXECUTION IS BASED ON RR & RISK MANAGEMENT. * DXY 4H - Will wait for the DXY to take ASIA lows and trade back in the range as a confirmation as well... * BASED on the price action served next session... * We will see what does the market dish. 🤷‍♂️😉🐻📉🐮📈 HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
8
Over+750 pip in GBP/AUD in our last call(07/31/2024)in our last analysis We were expecting a big rally for GBP/AUD. Since then the price moved in our favor and made over +750 pip for us. Despite weaker CPI data for AUD, we are now looking for a correction in the 1.98 zone. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
by fortunamarkets
GBPUSD (lower timeframe )ready for sell ?hello dear trader in my price action : gbp rejected from resistance zone , after collect liqidity from resistance zone (1.2970 ) fundamental : Retail sales were flat in June, defying Wall Street's prediction of a decline amid signs of slowing in the US economy. Economists had expected a 0.3% decline in spending, according to Bloomberg data. Meanwhile, retail sales in May were revised higher to an increase of 0.3%, from a prior reading of 0.1%, according to Census Bureau data. June sales, excluding auto and gas, increased by 0.8%, above consensus estimates for a 0.2% increase. The control group in Tuesday's release, which excludes several volatile categories and factors into the Gross Domestic Product reading for the quarter, increased 0.9% in June, above estimates for a 0.2% increase. "Although retail sales were unchanged in June, the strong 0.9% rise in control group sales should ease concerns about the plight of the consumer in the wake of the renewed slump in sentiment," Capital Economics chief North America economist Paul Ashworth wrote in a note to clients. "Admittedly, both second-quarter consumption and GDP growth still appear to have been no better than 2% annualised, but the strong gain in June does set up for a better third quarter performance."
by mehdi_kb
11
Based on the provided chart for the GBP/USD 4-hour timeframe, heBased on the provided chart for the GBP/USD 4-hour timeframe, here’s the technical analysis: ### Observations: 1. **Current Trend**: - The pair is currently in a downtrend, with a series of lower highs and lower lows. 2. **Order Block (OB)**: - An order block is identified around the 1.2700 level. This zone often acts as a significant area of resistance due to institutional orders. 3. **Liquidity Zone**: - The liquidity zone is marked below the current price, suggesting a potential target for the bearish movement. 4. **Retracement**: - The price has the potential to retrace to the identified order block around 1.2700 before continuing its downward movement towards the liquidity zone. ### Analysis: - **Retracement to Order Block**: - It’s likely that the price might retrace to the order block around the 1.2700 level. This zone could act as resistance, where sellers may step in, increasing selling pressure. - **Bearish Continuation to Liquidity Zone**: - Following the retracement to the order block, the price is expected to continue its bearish trend. The liquidity zone below represents an area where stop-loss orders may be clustered, making it an attractive target for bearish momentum. ### Potential Trade Plan: 1. **Entry**: - Consider entering a short position if the price retraces to the order block around 1.2700 and shows signs of rejection (e.g., bearish candlestick patterns or increased selling volume). 2. **Stop Loss**: - Place a stop-loss order above the order block, possibly around 1.2730 to 1.2750, to account for potential false breakouts. 3. **Target**: - Aim for the liquidity zone as the primary target, which is below the 1.2500 level. ### Risk Management: - Ensure proper risk management by not risking more than 1-2% of your trading capital on this setup. - Monitor the trade closely for any signs of reversal or unexpected market movements. ### Conclusion: The chart indicates a probable bearish scenario where a retracement to the order block may provide a good entry point for a short position. The ultimate target would be the liquidity zone below the current price. Always confirm with additional technical indicators and keep abreast of any fundamental news that might impact the GBP/USD pair.
Short
by DrGhanizadeh
GBPCAD TREND LINE BREAKOUT IDEAPair: GBPCAD Timeframe: 4H Analysis: Trend line, volume profile , support and resistance, trend break, reversal ————— Key Takeaway: Been trending bullish for a good while and now seeing signs of a reversal. Price has broken our bullish trend line and is consolidation between two key levels of support and resistance. If we seen a lot of bearish movement and close below support then we will enter ————— Level needed: need a close bellow 1.74000 ————— Trade: SHORT RISK:REWARD 1:8 SL: 1.74200 TP: 1.73400 onward ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
Pound Stumbles on Jobs Data, Raising Specter of BoE Rate Cuts The British pound (GBP) took a tumble today after the release of disappointing UK employment data, fueling speculation of a potential interest rate cut by the Bank of England (BoE) in June. The data revealed a rise in unemployment for the second month running. March saw the jobless rate reach 4.3%, surpassing the previous month's reading of 4.2% and confirming fears of a slowing British labor market. This setback coincided with wage growth (excluding bonuses) stalling at 6% for the three months ending in March, defying expectations of a slight decline to 5.9%. Yael Selfin, Chief Economist at KPMG UK, believes this uptick in unemployment is likely a precursor to a slowdown in wage growth. She suggests that the UK's recent economic struggles might deter businesses from hiring new employees, consequently leading to a softening of wage pressures in the coming months. This scenario strengthens the case for an imminent interest rate cut by the BoE. With inflation remaining a pressing concern, the central bank is facing mounting pressure to lower its base rate in order to stimulate economic activity. Selfin elaborates, stating that if upcoming data on wage growth aligns with her forecast of a modest increase, insufficient to prevent a downward trajectory in annual pay, it could trigger a more dovish stance within the Monetary Policy Committee (MPC) ahead of their crucial June meeting. A dovish stance signifies a central bank leaning towards lowering interest rates. Market Response and Unfolding Narrative The pound's depreciation reflects a shift in investor sentiment. The initial optimism surrounding the BoE's hawkish stance on interest rates, intended to combat inflation, seems to be waning. The prospect of a potential rate cut has dampened investor confidence in the pound, leading to its current decline. Uncertainties and the Road Ahead The BoE now finds itself in a precarious position. While inflation remains a priority, the rising unemployment figures present a new challenge. The central bank will need to carefully navigate this complex situation. Key factors to watch in the coming weeks include: • Upcoming Wage Growth Data: If wages confirm Selfin's prediction of a subdued rise, it could significantly boost the case for a rate cut. • The BoE's Rhetoric: The language used by the BoE in its upcoming communications will be closely scrutinized for any hints regarding the likelihood of a June rate cut. • Global Economic Conditions: Broader global economic developments, particularly in the US and Europe, could also influence the BoE's decision. Conclusion The pound's recent slump serves as a stark reminder of the delicate balancing act the BoE faces. The bank's June meeting will be pivotal, with its decision on interest rates potentially shaping the course of the UK economy and the future trajectory of the pound.
Long
by bryandowningqln
Will the pound continue to fall? Pound Sterling: On Monday and Tuesday, all the ideas were sideways and short; the pound was short above and below 1.2730 yesterday, falling around 1.2670, with a profit of 70 basis points, and a profit of 7 US dollars, which is not bad; Today's market: 1: In the daily K, it is also the support of the middle track for the time being, and it is difficult to judge for the time being; the stochastic indicator is dead cross downward. If it is covered, the price will rebound and move upward; so the differentiation here It is the same as the euro; but from the perspective of indicators, it is recommended to choose to follow the indicator's dead cross processing; in 2:4 hours, it is temporarily rebounding upward; the pressure position is near 1.2740; To sum up: today's short-term pound continues to follow the position of 1.2720-1.2740, short-term short-term treatment, the game runs downward; followed by the pressure position around 1.2790;
Short
by Crazy_money_making_signals
What is GBPUSD next target: 1.27500 or 1.29500?📣 Hello Mates! Our prediction is that GBPUSD will sell from the 1.27350 or 1.280600 area. After that, our sell targets are 1.27500 and 1.27000 🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio. 📈 Our Resistance Levels are spotted at: - 1.28500 - 1.29000 📉 And our Support Levels are set at: - 1.27500 - 1.27000 Stay tuned for further updates and trade smartly! 📊
Short
by BigtimeFx
1
GBPUSD FX:GBPUSD 📣 Examining the pattern of the trend shows that the price movements are developing within the range of the drawn neutral channel. Breaking out of the ceiling range of this channel, which is at the level of 1.2692 - 1.2718, requires fundamental data that will give the dollar a bearish direction. 📣 The ceiling established on February 22, has been created in a very important price and time range, which shows the potential for further downside. If the price fails to break 1.2718 and reaches below 1.2648, we can expect further decline to the range of 1.2600 and 1.2580.
Short
by Daragolbon
gbpusd up GBP/USD declines toward 1.2650 as mood sours GBP/USD turned south and declined toward 1.2650 after spending the European session in a tight range near 1.2700. The negative shift seen in risk mood makes it difficult for the pair to hold its ground Trend momentum is mildly bullish on the intraday and daily DMI studies, suggesting the GBP/USD pair should remain supported on minor dips. But Cable gains have struggled to extend through 1.2700/1.2710 in the past few sessions. A push firmly above 1.2710 targets a move on to 1.2750/1.2775. as marGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.kets assess the latest US data releases.
Short
by Mark804