GBPUSD M15 | Bearish Drop Based on the M15 chart analysis, we can see that the price has just reacted off our sell entry at 1.3133, which is an overlap resistance close to 61.8% Fibo retracement.
Our take profit will be at 1.3093, an overlap support level.
The stop loss will be placed at 1.3171, which is a swing-high resistance level.
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GBPUSD
Potential bullish rise?The Cable has reacted off the pivot which has been identified as an overlap support and could rise to the 50% Fibonacci resistance.
Pivot: 1.3101
1st Support: 1.2947
1st Resistance: 1.3237
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GBP/USD Bearish weakening, potential buys from 1.30500This week looks promising for my type of setups, with both sell and buy opportunities presenting decent prospects. I’ll be waiting for high-quality lower time frame confirmations before taking any trades. Depending on which point of interest (POI) gets hit, I’ll adjust, but ideally, I’m looking to sell from the supply zone down toward the demand zone.
Once price reaches the 15-hour demand zone, I’ll shift to looking for buy opportunities, targeting the imbalances above and the untouched Asian session highs. Although the overall trend is bearish and sells look favorable, I plan to wait for a mitigation of the higher supply zones around 1.32500 before committing to any shorts.
Confluences for GU Buys:
- The refined 15-hour demand zone has caused a CHOCH to the upside.
- There are significant imbalances and liquidity above that need to be filled.
- For price to retrace to the supply zone, it must first move upward.
- The US Dollar Index (DXY) is sitting in a strong supply zone, which could trigger a drop in the dollar, supporting bullish momentum for GU.
Note: If the buy scenario doesn’t play out as planned, I’ll wait for a strong supply zone to sell from and continue the bearish trend. However, given that price is already in a higher time frame demand zone, I wouldn’t be surprised to see an upward push as early as Monday.
GBPUSD UPDATES FOR MONTHLYFOr swing trades, we wait below the monthly open. trade at your own risk.
This is only my view, This week we have more high impact news. FOMC.JOLTS. ISM. ADP NONFARM AND NFP.
So basically this idea trick the bulls/longs. I preferred buy the lows of monthly open on sept.
THis idea also triggered downtrend this week. trade only once you understand the order flow of the market.
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I made a copytrades base on my trading/ come and check me out.
This is not a financial advice. trading are for risk takers.
take a manageable risk base on your own equity.
GBP_USD Support Ahead! Buy!
Hello,Traders!
GBP-USD is going down
In a correction move
But we are bullish biased
On the pair mid-term so
After the retest of the
Support below at 1.3000
Which, it should be noted
Is a nice round number
We will be expecting a
Local bullish rebound
Buy!
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GBP/USD Faces Continued Bearish PressureThe GBP/USD pair continues to experience downward pressure, primarily due to the resilience of the US Dollar. After breaking the key psychological level of 1.3100 following the release of stronger-than-expected US Nonfarm Payrolls (NFP) data, GBP/USD remains in a corrective phase. The NFP report showed a job growth of 254K in September, significantly surpassing the 140K forecast. Additionally, the Unemployment Rate dropped to 4.1%, further strengthening the US labor market outlook and reducing the likelihood of aggressive rate cuts by the Federal Reserve (Fed). As a result, the US Dollar has extended its gains, limiting any upward momentum for GBP/USD.
Fundamentally, the Pound remains under pressure due to the dovish rhetoric from Bank of England (BoE) officials. Early Thursday, Governor Andrew Bailey's comments triggered a selloff in the Pound as the market interpreted his remarks as signaling imminent monetary easing. Although BoE Chief Economist Huw Pill struck a more cautious tone, stating that policymakers must avoid cutting rates "too far or too fast," this has done little to offset the bearish sentiment.
In conclusion, the combination of a stronger US Dollar, resilient US labor market data, and the dovish BoE rhetoric creates a challenging environment for GBP/USD. Unless the pair can break through key resistance levels, the path of least resistance remains to the downside, with potential targets at 1.3050 and 1.3000 in the short term.
GBPUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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XAU/USD : NFP's effect on the market! (READ THE CAPTION)In the latest analysis of the gold chart on the 30-minute timeframe, we can see that, as expected, yesterday the price rose to $2654, and exactly after reaching this key level, it faced heavy selling pressure and corrected by 175 pips down to $2637. After hitting the target of $2638 and gathering the liquidity below this level, buying pressure emerged, and today it managed to rise to $2667. Currently, gold is trading around $2656, and in less than 30 minutes, the NFP data will be released. If the figures come in higher than the forecast, it could lead to a decline in gold prices to lower levels, and conversely, if the figures are below the forecast, it could lead to an increase in gold prices. Please note that the risk of an Israel-Iran war still hangs over this market, so we should be cautious with our personal trades. Personally, I believe that today the NFP figures will be higher than expected, which may lead to a decline in gold prices. The potential targets are $2654.5, $2649, $2642.5, and $2638, respectively.
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Bitcoin Weekly Analysis : Bull or Bear? Let's See (READ CAPTION)By analyzing the #Bitcoin chart on the weekly timeframe, we can see that the current price is around $62,640. We observed that after dropping to $60,000 due to the ongoing conflict between Iran and Israel, the price was met with strong demand and, as mentioned earlier, has rebounded 4% to the current level. If the conflict continues, there is a high probability that Bitcoin will See target levels below $60,000 and even $52,000. Therefore, keep in mind that the most crucial support level for Bitcoin at the moment is between $60,000 and $60,200. This analysis will be updated accordingly.
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GBP/USD : First Long, Then SHORT! (READ THE CAPTION)By analyzing the GBP/USD chart on the 2-hour timeframe, we can see that the price has dropped more than 200 pips since last week up until now, finally reaching the demand level we had marked on the chart. After reaching the 1.30720 demand level, the price encountered strong demand pressure, rising over 60 pips and ultimately closing at 1.31132 . The total return of this analysis so far has been over 260 pips . It is likely that after an initial upward movement, we will see further price correction.
The Main Analysis :
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GBPUSD Ready for a breakthroughHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
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.
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GBPUS: Long Signal Explained
GBPUSD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GBPUSD
Entry Point - 1.3113
Stop Loss - 1.3042
Take Profit - 1.3247
Our Risk - 1%
Start protection of your profits from lower levels
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GBPUSD - Upside move !!Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. Price rejected from bullish OB + level 1.31000, as well we have hidden divergence.
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GBP/USD -So Interesting.. If you are a bit observant you will notice that it has just made an accelerated movement!!! (momentum)
We are waiting for the movement to return to its point of origin, taking advantage of a few good pips of fall :)
We have two possible scenarios for the fulfillment of the set up..
(it is time to adapt to the market)
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