GBPUSD Trade IdeaGBPUSD sell based on this 4H bearish trend and retrace. Not financial advice, use sound risk management.
Gbpusd_forecast
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.
GBPUSD Long Target 1.2714 (Fib level 0.618)GBPUSD Long Target 1.2714 (Fib level 0.618)
Immediate Target - 1.2714
GBPUSD BUYGood evening everyone! Don't forget to put your thumbs up and write comment if you like the idea.
The price moves smoothly into the long area. On Friday I expect to receive an impulse growth against the backdrop of the same decline in the labor market.
First target: 1.26700
Final target: 1.28000
#GBPUSD: 600+ Pips Selling Opportunity! GBPUSD we have been trying to sell GBPUSD since long time price consolidated and then took out the buy side liquidity, now price has broke out the sell side trendline liquidity. In our view, price will continue to drop at least for another 200 pips, then after we will wait for second safe entry. Good Luck Trade might be ready within next week since we will be having several bank holidays.
thank you.
💡 GBPUSD: Forecast 1 AprilGBPUSD did not change much in the last session, the situation remains unchanged, continue to expect the price to go down in the short term, the target is around the 1.25xx threshold, however you need to move the SL for short positions. to the 1.2640 area to reduce risks.
GBPUSDPair : GBPUSD ( British Pound / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
Break of Structure
Consolidation Phase in Short Time Frame
Completed " 123 " Impulsive Waves
GBPUSD ANALYSIS LONGHere on gbpusd price has made rebound around psychological level of 1.26000 and now making some rejection that means that going for LONG is expected and targeting profit should be around 1.26500 or more.
Whats GBPUSD Next Target? See Our AnalysisWe have observed that since GBPUSD broke from 1.28000, it has been continuously declining. According to our prediction, GBPUSD may continue to decrease further, with our target set at 1.25380, 1.25000.
If GBPUSD breaks the 1.26380 resistance level again, its target would be 1.26800
🔑 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:
- 1.26780
- 1.27800
📉 And our support levels are set at:
- 1.25770
- 1.25380
Stay tuned for further updates and trade smartly! 📊
GBPUSD Local Long!GBPUSD is trading along
The rising Chanal
And the pair has retested
The line so as we are already
Seeing a bullish rebound
A further local move up
Is to be expected !
💡 GBPUSD: Forecast March 25GBPUSD fell sharply in the last session after creating a bearish engulfing candlestick pattern. Currently, the resistance level of 1.26 is showing signs of being broken, selling pressure is still very strong, continuing to expect the price to go down in the short term, The target is still around 1.25xx. The position to enter a sell order at this time is not good. You should wait for a rebound to the 1.27xx area before considering entering the order.
💡 GBPUSD: Forecast March 26GBPUSD also had a downward move in the last session, but it has not changed the situation, corrections can bring buying opportunities with better entry points, you can look for opportunities when the price retests. Check the 1.25xx conversion level, target around 1.2800
GBP/USD Shorts from 1.27200 back downMy bias for GU is downward, expecting a minor retracement before a continuation of the downtrend. Currently, I'm monitoring for price to rise and reach the newly identified supply levels, particularly focusing on the 20-hour supply zone for its high quality.
Observing the reaction at the first 4-hour supply, I anticipate a possible minor reaction, though I foresee it ultimately failing due to the presence of an Asian high above. Once price reaches the 20-hour supply area, I'll be watching for signs of a Wyckoff distribution pattern to form, signaling a potential opportunity to sell back down.
Confluences for GU Sells are as follows:
- Price broke structure the downside and left a clean 20hr supply zone.
- Imbalances that needs to b filled before tapping into the supply.
- Lots of liquidity below in the form of asian lows.
- Price is overall bearish on the higher time frame.
- I can see the dollar to rising more to the upside.
P.S. While I anticipate further price drops, it's improbable without addressing the imbalances and supply levels above before further downward movement occurs.
Have a great trading week!
GBPJPY SHORT 1100 PIPS READ DESCRIPTIONThe analysis for GBP/JPY (British Pound paired with Japanese Yen) indicates a significant sell zone, characterized by the breaking of previous major support, which has now turned into resistance. The main resistance zone is identified between 190.9 to 191.4, suggesting a strong barrier to further upward movement in the currency pair.
Examining the data from big players and investors provides further insight into market sentiment. Over the last two weeks, there have been 81,000 short entries compared to 19,000 long entries, indicating a significant bias towards short positions. This sentiment is reflected in the daily reports, which show 70% shorts and 30% longs. Furthermore, recent data shows 58% sell orders, indicating a prevailing bearish sentiment among traders.
Considering technical analysis, the market volatility level of GBP/JPY over the past week is notable, with an Average True Range (ATR) of 1.24 and a total intraday range of 148.62%. This suggests heightened volatility, which can present opportunities for traders to capitalize on price fluctuations.
The proposed trade aims to capitalize on the bearish sentiment in GBP/JPY, with a target of 1170.8 pips and a 6.14% profit potential. A stop-loss of 40 pips is set to mitigate potential losses in case the trade moves against expectations. Additionally, four target prices are set to capture potential profits at different levels, providing flexibility in managing the trade.
Risk management is emphasized as a crucial aspect of trading, with traders advised to manage their risk effectively to protect their capital. By adhering to proper risk management principles and remaining vigilant for any signs of confusion or uncertainty in the market, traders can navigate the complexities of trading with confidence.
In summary, the analysis suggests a strong bearish outlook for GBP/JPY, supported by technical and fundamental factors. Traders are presented with an opportunity to capitalize on this sentiment through a well-defined trading strategy, while also prioritizing risk management to safeguard their investments.
Gbpusd Will Make Huge Move In BuyGold price (XAU/USD) retreats after hitting a fresh record high earlier this Thursday and trades just above the $2,200 round-figure mark during the first half of the European session, still up for the second straight day. The prevalent risk-on environment – as depicted by a generally positive tone around the equity markets – prompts some profit-taking around the safe-haven precious metal. Apart from this, a modest uptick in the US Treasury bond yields turns out to be another factor undermining the commodity amid slightly overbought conditions on short-term charts.
GBPUSD ANALYSIS BUYHere on GBPUSD price has made a rebound around psychological level of 1.26500 ad want to move up so we are expecting to go LONG and targeting profits should be around psychological level of 1.27000
Are you ready to ride this? More than 3,000 pips { 21/03/2024}Educational Analysis says GBPUSD may move in this range for some time according to my technical.
Broker - FXCM
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the market is in an uptrend on 4 hour zoom out time frame, the market tried to put fake Change of Character duping the traders for a while.
But now we can go long from this zone marked out with risk to reward ratio tool.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
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;
Gbpusd Will Fall Confirm Analysis GBP/USD came under modest bearish pressure and declined below 1.2750 in the American session. The US Dollar benefits from the risk-averse market atmosphere, as reflected by the bearish action seen in Wall Street, and weighs on the pair heading into the weekend.
#GBPUSD: Price is likely to remain bullish least up until 1.3100Dear Friends,
Unfortunately our last two ideas on GBPUSD and price did not drop as mention in our charts. Right now, what we think is price will likely to remain bullish at least up to 1.3100 area. Entry can be around 1.2781 with possible 100-150 pips stop loss and take profit to be at 1.3100 which would be 300 pips.
Good Luck and Trade Safe!
GBPUSD BUY TODAY GBP/USD extends its downside around the mid-1.2700s during the early Asian trading hours on Friday. The major pair drops to multi-day lows near 1.2740 amid the rebound in the Greenback after strong US economic data. Later in the day, traders will monitor the preliminary US Michigan Consumer Sentiment for March, which is expected to remain steady at 76.9.
GBPUSD ANALYSIS 1HR SELLHere on GBPUSD price has made a rebound around psychological level of 1.28000 now it like to move down as it show that seller are still in control at this point going for SHORT is needed and tarrgeting profit should be around 1.28500
