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GBPUSD

Sell GBP/USD Bearish ChannelThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.3060, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2985 2nd Support – 1.2953 Stop-Loss: To manage risk, place a stop-loss order above 1.3100. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
14
#GBPUSD 4HOn the GBP/USD 1-hour chart, the price has bounced off a key support level, indicating a potential bullish reversal. The support bounce suggests that buyers are stepping in at this level, preventing further decline and possibly initiating an upward move. Forecast: Buy A buy opportunity is expected as the price rebounds from support. Traders may consider entering a long position with the anticipation that the price will move higher, targeting nearby resistance levels. It’s important to monitor price action for confirmation that the support is holding, as a breakdown below the level could invalidate the buy setup.
Long
by PIPSFIGHTER
GBPUSD H4 | Bullish BounceBased on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 1.3060, which is an overlap support. Our take profit will be at 1.3121, which is an overlap resistance level. The stop loss will be placed at 1.3012, which is a multi-swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
BoE is dovisher than the Fed. Will Sterling continue to fall? Sterling is exhibiting weakness as a robust US economy bolsters the dollar. With the likelihood of a substantial Fed rate cut now nullified by the strong US job market, speculation of further rate cuts by the BoE in November is exerting downward pressure on the GBPUSD. BoE Governor Andrew Bailey's statement about the potential for more aggressive rate cuts in response to ongoing inflation decline has intensified apprehensions about the BoE's hawkish monetary policy. It is also worth noting that the UK Treasury is expected to present a budget with tax hikes and austerity measures. This could exert pressure on near-term growth for the UK economy and lead to a decline in the value of the Sterling. GBPUSD maintained its downtrend and fell to 1.3060. The widening distance between both EMAs suggests a bearish momentum. If GBPUSD breaks the support at 1.3050, the price may fall further to 1.2960. Conversely, if GBPUSD breaches the resistance at 1.3250 and holds above both EMAs, the price could gain upward momentum toward 1.3435.
by inkicho_exness
Bullish reversal?GBP/USD is falling towards the support level which is an overlap support that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3031 Why we like it: There is an overlap support that is slightly below the 50% Fibonacci retracement. Stop loss: 1.2940 Why we like it: There is an overlap support level that is slightly below the 61.8% Fibonacci retracement. Take profit: 1.3159 Why we like it: There is an overlap resistance level that is slightly above the 23.6% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
XAU/USD : First Long, Then SHORT ! (READ THE CAPTION)By analyzing the #Gold chart on the 30-minute timeframe, we can see that after entering the demand zone of $2,625 to $2,632, the price was met with buying pressure and has now risen to $2,651. There are several key supply levels ahead that we need to focus on. The first and one of the most important levels is the range between $2,657 to $2,660—keep a close watch on how the price reacts to this level. The next level to monitor is $2,667.7 to $2,670.5, and the third key supply zone is between $2,673 to $2,678. Keep an eye on the price reaction at these levels! (This analysis will be updated.) Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
FOREXCOM:XAUUSD
by ArmanShabanTrading
28
usdchf h2 best level to short it tp +150 pips swing trade setup🔸Hello traders, let's review the 2hour chart for USDCHF today. Previous trade hit TP +135 pips, congrats if you followed, feel free to recap via link below. 🔸Prior trading range is defined by range highs at 8520 and range lows at 8420, recently price broke to the upside, however I see limited upside beyond 8600/8620 this is key s/r zone and bears will defend this level. 🔸Recommended strategy for USDCHF traders: focus on short selling high near 8600/8620 price cluster SL fixed at 8640 TP1 +75 pips TP2 +150 pipsp. Expecting rejection from overhead resistance and re-test of the mid of the prior accumulation range. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
12
GBP/USD Weakness Continues Amid Expect. of Faster BoE Rate Cuts As anticipated in our previous analysis, the British Pound (GBP) remains under pressure, with the GBP/USD pair showing continued signs of weakness. Market sentiment suggests that the Bank of England (BoE) could accelerate its rate-cutting cycle, a view bolstered by recent dovish remarks from BoE Governor Andrew Bailey. Last week, Bailey hinted that the central bank might adopt a more aggressive stance on cutting rates if inflation continues to show favorable trends. This prospect has increased market bets on rate cuts, which is contributing to the downward pressure on the GBP/USD pair. Market Sentiment: Retailers Hopeful, Smart Money Bearish From a sentiment perspective, retail traders remain hopeful for a possible bullish reversal in the GBP/USD pair. However, smart money (institutional investors) continues to lean towards a bearish outlook, aligning their positions with the broader market expectation of a weakening Pound in the face of potential rate cuts by the BoE. Technical Outlook: Identified Demand Area Technically, we have recognized a potential demand area where the price may find support. However, the downward trend could extend further, particularly after the release of the FOMC Minutes, which may provide more clarity on the direction of US monetary policy. This could continue to push the GBP/USD pair lower. At this moment, patience is crucial. We are waiting for the price to approach key levels where a potential reversal could occur, but it is essential to wait for confirmation before taking action. Conclusion The British Pound remains under pressure as markets increasingly believe that the Bank of England could accelerate its rate-cutting cycle. Governor Bailey's recent comments have fueled this speculation, leading to increased bearish sentiment in the GBP/USD pair. For now, patience remains key as we wait for the price to reach critical demand areas that may offer a chance for a reversal. Until then, traders should remain cautious and avoid premature entries. ✅ Please share your thoughts about GBPUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
GBPUSD Will it hold the 1D MA50??The GBPUSD pair has been trading exactly on its 1D MA50 (blue trend-line) for the past two days and so far it held. Today though it appears to be making its first legitimate attempt to break it and if the 1D candle closes below it, we will have a confirmed bearish break-out. This is similar to the August 03 2023 bearish break-out, which was the ultimate medium-term sell confirmation after a long Bullish Megaphone that dictated the trend. As you can see the two fractals are identical, initially declining by around -5% and then rising towards the 2.0 Fibonacci extension through their Megaphones. The 2023 sell signal reached the 0.786 Fib after the break-out and that will be our Target again (1.2550) if the 1D candle confirms that closing below the 1D MA50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Cable H4 | Resistance at 38.2% Fibonacci retracementCable (GBP/USD) could rise towards a swing-high resistance and potentially reverse off this level to drop lower. Sell entry is at 1.3103 which is a swing-high resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 1.3145 which is a level that sits above the 61.8% Fibonacci retracement level and a swing-high resistance. Take profit is at 1.3001 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM