GBPUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPUSD
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GBPUSDOn the monthly charts we have a long term bearish scenario. After a break of structure, the price hit the demand zone and corrected for the better part of 2023.
Moving down to the weekly charts, we see a mitigation of a previous supply, thereafter there was a reaction to the downside creating a bearish order flow.
On the daily charts, we have correction that seems to have come to an end. We have a bearish bias with no confirmation. We are awaiting for a break of key price levels to confirm our bearish outlook. If that happens, we are targeting the demand at 1.21656.
Should the market break higher, we are awaiting for it to settle at 1.20-1.30 price levels.
GBPUSD technical analysis December 6, 2023 and entry pointsGBPUSD: GU breaks out of bullish structure and support zone. When creating a double top model, give priority to selling out. Please pay attention to the table. GBPUSD has entered the 1.2600 zone, clearly showing a reversal trend. Ace may consider holding short GBPUSD around 1.2600-1.2630. In this scenario, we assume GBPUSD returns to the 1.2500 area.
GBPUSD → Reverse to the Downside This Week!? Or Blast Upward?GBPUSD is flirting with the resistance zone, leaving the bulls wondering if another fall in this trading range is upon us this week. But is the dollar strong enough to take the British Pound into the ground?
How do we trade this?
The price is currently in a trading range between 1.20000 and 1.28000 and we're getting close to the resistance zone where the Weekly 200EMA resides. If you're not already in a trade, it's worth waiting to see what happens at the resistance zone. A bear signal bar closing on or near its low below the resistance line is a good indicator that the price will fail to rise above again and would be a reasonable short. Stop loss above the resistance zone top and take profit just above the Support Zone around 1.21000.
If the price finds its way above the resistance lines and closes a bull candle on or near its high, it would be reasonable to long with a protective stop just below the resistance zone. Target prices as high as 1.33000 and 1.40000.
Key Takeaways
1. Trading Range after Bull Run, Bias to Long.
2. Near the Resistance Zone, Look for a Reversal Signal.
3. If Shorting, Watch the 200EMA for Support.
4. The Dollar Index may fall more, wait for the bottom.
5. RSI near 70.00, Bias to Short.
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GBPUSD Ascending Triangle Pattern Breakout. We expect further downside on this pair, signalled by the ascending triangle channel pattern breakout. We can also see the formation of a low high which signals a change in trend from bearish to bullish as well as a breakout of a key level which further supports our directional basis.
GBPUSD Falling Wedge BreakoutThe pair is already in an uptrend on higher time frames. We expect further upside which is signalled by the breakout of the falling wedge pattern. We can also see the formation of a new high and a breakout of a key level which further supports our directional basis. Entry on the retest of the key level.
GBPUSD Potentially BearishPrice has broken the 1.21300 area, a retest of that same zone and its rejection to confirm continuation will be a good entry point.
Better to let market tell you its flow and you respond to it rather than attempt to predict it.
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
GBPUSD LONG TERM BUY IDEAAug 28
Hello 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
GBPUSD forming H&S in Daily Timeframe.GBPUSD is now heading towards an important level after breaking the recent small head and shoulders support/neckline around 1.25900, we expect the price to fall at the market open to this level at $1.23250, basically the market has already had broken the ascending channel at $1.27900 due to the head and shoulders formation.
The "Head" - @1.31280 and shoulders price level can be seen at @$1.28050. This pattern is clearly seen on the lower time frames - 4H and H1 and the market appears to be making another head and shoulders formation and this tells us that more bearish market is on the way.
🔥: GBPUSD SETUP: NEUTRAL
🔥BUY ZONE: $1.23180
🔴SL: - $1.2285
🟢TP - $1.2601
Next
🔥SELL Zone: $1.2678
🔴SL: - Open
🟢TP - $1.2340
🟢TP - $1.1992
GBPUSDPrice seems to be stuck in a consolidation phase ranging between the 1.27873 and the 1.26639 zones. Although on the higher time frame (weekly) price seems to be making higher highs I would rather wait to see a breakout of the consolidation range before taking any position. Waiting is good trading strategy
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
🚨GBPUSD HIGH PROBABILITY SELL SETUP🚨August 21/2023,
🚨GBPUSD HIGH PROBABILITY SELL SETUP🚨
* Here we can see clearly the next potential move for GBPUSD in coming hours or days.
* EP(SELL STOP): 1.27079
* TP1: 1.26196
* SL: 1.27549
* Keep your eyes close on your trading positions.
* Happy pip hunting traders.
* FXKILLA *
GBP USD SHORTRisk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
🚨GBPUSD HIGH PROBABILITY BUY SETUP🚨🚨GBPUSD HIGH PROBABILITY BUY SETUP🚨
* Here we can see clearly the next potential move for GBPUSD in coming hours.
* EP(BUY STOP): 1.27077
* TP1: 1.27880
* TP2: 1.28328
* SL: 1.26477
* Keep your eyes close on your trading positions.
* Happy pip hunting traders.
* FXKILLA *
GBPUSD: Waiting for new information!The Bank of England (BoE) is widely anticipated to raise its policy rate by an additional 25 basis points to 5.25% after the August meeting. However, such a decision alone may not be sufficient to stimulate the recovery of the British pound. The BoE needs to reassure markets that they will continue tightening their policy despite signs of easing price pressures. Furthermore, the British currency could gather strength if a policy statement reveals that some policymakers have voted in favor of a 50 basis point hike.
Crunch Time: Will Sellers Break the Barrier? GBPUSD in Focus Traders are heavily bullish on the British pound, with net long positions exceeding a whopping $4.7 billion as of July 11, the highest level since mid-2014. Traders are ramping up their expectations for the Bank of England to implement additional interest rate hikes while increasingly under the impression that U.S. rates are on the verge of reaching their peak. Notably, the US Federal Reserve has entered a "blackout period" ahead of their July 26 meeting. As a result, this sentiment could put downward pressure on the U.S. dollar.
Meanwhile, the UK's inflation figures are a major risk event to watch for this week. Although there is an expectation for a drop in the inflation rate (from 8.7% to 8.2%), it is anticipated to remain four times higher than the Bank of England's official target. UK inflation data is due at 2 am (NY time) on Wednesday.
On the chart, the GBPUSD continues to explore lower levels following a test of a high target near 1.31465 on the daily chart last Friday. The market saw a modest corrective downward move last Friday, and again the first trading day of this week. This allowed the 20-day moving average to catch up with the price action. The big question now is whether sellers can push prices below the psychologically important level of 1.3000 ahead of the release of UK inflation data. The presence of buying pressure adds uncertainty to the situation.