Gbpusd_forecast
GBPUSD POTENTIAL SHORTHi Traders, Looking on a GBPUSD we can see price respects our monthly IRL, then shoots down leaving an imbalance on our daily time frame, as it takes out our ERL and giving us a clear MSS, so we will look for entry properties on our H1 time frame on the daily FVG/IRL.
Best Of Luck
CharlesFX
GBPUSD I Swing short opportunity from the weeklyWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPUSD Short planGBPUSD bounce from support as i was expecting. Price finally reached the first reversal area were we could look for short. I have another good level to add shorts, that is 1.26. This is a another resistance level on higher timeframe. First target area 1.2425, i will share my entry on my page
GBPUSD H4 FORECASTIt seems like you're making a bullish forecast for the GBP/USD currency pair, indicating an expectation that the British pound will strengthen against the US dollar. There could be various reasons behind such a forecast, including economic data, geopolitical events, or technical analysis indicators. Is there anything specific you're basing this forecast on, or do you want to discuss factors that could influence the GBP/USD exchange rate?
Analysis of England POUND in Daily Time
The British economy, like Europe, is waiting for collapse and weakening, and the time has come for the dollar to dominate again.
This currency has taken a downward guard and by hitting the key and important red resistance area, the energy needed to launch the price to the 1.18 area with the first scenario and to reach the 1.036 area with the second scenario.
GBPUSD: UPDATE 11/04/2024Dear Traders,
Hope you are doing great, we have an excellent buying opportunity. Yesterday price fell significantly mainly due to news came out in favour of USD, making usd the strongest currency against others. This brought huge selling volume in the market, leading our last GBPUSD idea to fail badly. The reason why we think price may rise due to so many gaps price has left behind. In our view price is likely to fill the liquidity void area before its next big move.
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#GBPUSD: We are bullish now| 09/04/2024 | Setupsfx_|Dear Traders,
Regarding GBPUSD, we have observed a shift in momentum, presenting an opportunity to fill gaps in the market. Currently, the price is exhibiting significant bullish pressure and is likely to maintain this trend. We recommend considering both entry points, with a backup option in case the first fails. This trade has the potential to be lucrative if appropriate risk management is employed.
GBPUSD Trade Idea - Important Points To ConsiderIn the video, we analyse a potential trading opportunity for the GBPUSD. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. Additionally, I discuss my risk management strategy. Traders who lack a robust risk management plan expose themselves to significant risk and often encounter negative trading outcomes. It is crucial to incorporate sound risk management principles into your trading strategy. As always, please be aware that this information is strictly for educational purposes and should not be construed as financial advice.
GBPUSD Short Trading Opportunity
Entry:
Short position recommended upon retest of 1.25800 support-turned-resistance.
Stop Loss:
Place stop loss near 1.26200 to mitigate potential losses.
Take Profit Targets:
- TP-1 : 1.25390
- TP-2: 1.24980
Conclusion: Favorable short trading opportunity post-breakdown. Maintain disciplined risk management.
Disclaimer:
Trading forex carries high risk. Only invest what you can afford to lose. Past performance doesn't guarantee future results. Consult a financial advisor if unsure.