Gbpusdanalysis
GBPUSD M30 / OB Taken, Looking for a Long Entry Confirmation 📈Hello Traders!
This is my idea related to GBPUSD M30. I like the reaction from the OB, and I expect another bearish move before going bullish. I expect also that BOSS will be taken and after that, I will look for a long entry.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GBPUSD CONFIRM BUY TODAY GBP/USD lost nearly 1% on Friday and registered losses for the week as the US Dollar (USD) rallied on the back of the impressive labor market data for January. The pair holds relatively steady slightly above 1.2600 early Monday but the near-term technical outlook highlights a lack of buyer interest.
Nonfarm Payrolls (NFP) in the US increased by 353,000 in January. Additionally, the Bureau of Labor Statistics announced that it revised the November and December prints by a total of 126,000. In turn, the benchmark 10-year US Treasury bond yield surged above 104.00 and the USD Index, which tracks the USD's performance against a basket of six major currencies, rose more than 0.8% and touched its highest level since early December above 104.00.
GBPUSD: 1000 pips Swing Selling Idea, What do you think? FX:GBPUSD
Dollar influenced in the beginning of the year is extreme probably after the major holidays, market moved back to normal level of volume. DXY is bullish because of news coming ahead in this week and other reason was most of the usd pairs were overbought such as gbpusd and eurusd.
GBPUSD dropped heavily since yesterday and we expect price to continue dropping to level up the market equilibrium. Enter now with your suitable stop loss to get most out of this chart analysis.
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#GBPUSD: Update 1000 PIPS Idea is Still ValidDear Traders.
Our last idea on FX:GBPUSD we had given you an important update that price will go slightly higher around 1.2760 and then reject from there and price did the exactly same thing. Here is second update, price may touch 1.2702 area once again and then drop heavily or drop straight from this point. We will have to wait and see how DXY holds up the bullish momentum. If it continue the bullish momentum then we can see GBPUSD drop even below in short time.
Let us know what all you think about GBPUSD ?
GBPUSD | H4 | Trade Alert [Update]Initial position on GBPUSD taken out by a small margin as market headed up to touch our diagonal resistance which was created by our ascending channel which can be identified on our H1 & H4 timeframes within our overall larger structure which is currently in a consolidation(invalidating LTF QML formation). I’ll be entering a new sell position at 1.27518 with stops at 1.27924 (-41 pips) at final take profit at 1.25252 (+226 pips) giving us a 1 : 5.5 risk reward ratio. Should my orders not be triggered and price start trading above 1.28xxx I’ll be removing all pending orders while waiting for the market to give clear direction as we’re currently trading within a larger consolidation.
GBPUSD - Wild Swing after Cut VoteI followed the BoE meeting this morning. I'm not surprised to see officials voting for cuts already, and I believe the 2 votes for "hike" are more symbolic than actual, as the only possible option was maintaining the current rate.
Technically, all the movements happened post 10, or when Chicago PMI got released. GBPUSD is more pushed by the bullish indices(which I am referring to Nasdaq, SPX, not FTSE100), and not really from a fundamental perspective.
Again, I believe it is a good opportunity to short. The dollar index looking good, and GBPUSD is at a position where a breakout is likely to take place, which I believe, is a downward breakout.
Keigu,
GBP/USD Ready To Go Down 300 Pips, But Need 1 Confirmation FirstThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD → Day Analysis | Sell SetupHello Traders, here is the full analysis.
If it continue the bullish momentum then we can see GBPUSD drop even below in short time. Great SELL opportunity GBPUSD
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GBPUSD SELL opportunity 1.2610 TP 1.2334GBPUSD SELL opportunity 1.2610 TP 1.2334
GBPUSD BUY opportunity 1.2655 TP 1.2757
GBPUSD BUY opportunity 1.2535 TP 1.2635
Confirmation after the breakout support level.
If Broke through support will reach to next support level 1.2370. The Current Resistance level is 4H 1.2827 and support is 1.2501
UNDERSTANDING HOW TO TRADE GBPUSD Here i give you some tips regarding on trading GBPUSD and is quite well for you to understand how it work. GBPUSD is a volatile market so you can make money fast and also loose fast. So is very important you know this. In this video i show you double bottom and double top also show you phycological levels .You also learn trendline. Resistance and Support for applying.
GBPUSD SELL ANALYSIS Here GBPUSD has made a rebound on psychological level of 26500 it likely that price want to move down a bit. Look at the overall trend we can see that is uptrend . So price might touche the pyschological level of 27000 before continue it upward movement . So going for short is needed and target profit at around 27000
GBPUSD (4H) bull vs bear GBPUSD has been ranging for some time now , currently we are at the bottom of the range but with the way PRICE PRINTED over the last week , it CONCERNS me that we might get more BEAR move in the FUTURE .
*OVERALL GBPUSD IS BULLISH .
*Would like to see price stay bellow our level at 1.27000.
*IF PRICE does managed to stay below and STRUCTURE is BEARISH . YOU can more then likely see a bear move come .
*BEARS be careful of BULLS
-Grey Vangogh
Tricky Moves for GBPUSDPure technical analysis.
After making a bullish move from November 23, 2023, GBPUSD has completed Elliott Waves (first 12345), and then made a sideways movement since mid-December 2023. In this sideways movement, GBPUSD made micro-Elliott Waves and has completed them. The extension of this wave is predicted to complete leg 3 of the second 12345 waves in the range and reverse downwards.
On this large time frame (D1/H4), this is a retracement to the bullish wave in the previous large time frame. In the small time frame (H1), this is an opportunity to sell GBPUSD into the 0.618 Fibonacci zone of the large time frame, which is the flip zone area as well as the area that still leaves an imbalance wide enough to be filled.
Another reason to sell is the divergence on the oscillator which indicates buyers are starting to get exhausted.
To enter, wait until the price reaches the middle or top of the range, where there is a lot of equal high liquidity (range 1.27100 - 1.28250). Pay attention to price movements in smaller time frames (M5 - M15) to get an entry sell position. We prefer to enter at the 1.27040 level or higher and aims for 2R to the support zone at 1.23710 that acted as 0.618 fib level of the higher time frame, as well as the former bullish flip zone. Stop loss is at 1.28700 to avoid stop loss hunting/purge.
Cancel the setup if the price exceeds 1.28166 with high volume.
Note: if the price reaches take profit and shows reversal symptoms, take a buy position. Analysis will be provided later.