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Gbpusdlongsetup

GBPUSD → Falling From Resistance! Should We Long or Short??GBPUSD touched the Resistance Zone and fell into the 30EMA ribbon, putting a slight pause on the fall. Will the price fall further or are we about to make contact with the Resistance Zone again? How do we trade this? 🤔 I do not believe a short is reasonable here because we don't have enough bear strength on the chart. Wait for another rejection at Resistance or wait for the price to fall and find support to enter a long. There are two potential long entries, at the Support Zone around 1.21150 and above the current Resistance Zone around 1.29. Both zones need to establish support and show confirmation to justify a long entry. This includes a bull signal bar closing on or near its high followed by a strong bull candle closing on or near its high. Until then, it's best to wait on the sidelines for a better opportunity! 💡 Trade Ideas 💡 Long Entry: 1.21150 🟥 Stop Loss: 1.18650 ✅ Take Profit: 1.26150 ⚖️ Risk/Reward Ratio: 1:2 Long Entry: 1.29000 🟥 Stop Loss: 1.26450 ✅ Take Profit: 1.34100 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Trading Range after Bull Run, Bias to Long. 2. Macro Trend is Bearish, Use Caution at Weekly 200EMA. 3. If in Short Position, hold until Support Zone. 4. If not in a Position, Wait until Support to Long. 5. RSI near 53.00 under Moving Average, Bias to Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
GBPUSD I Are the bears ready to step in? Consider this first.Welcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
1
GBPUSD Longs from 1.26500 or 1.25500This week's forecast for GBPUSD involves waiting for additional selling pressure to occur before considering buys around the two nearby demand zones I've identified (10-hour and 11-hour). Following the recent reaction from a 7-hour supply, as the price is currently descending, I am anticipating the exhaustion of selling pressure and the accumulation of price. Upon confirmation of a Wyckoff accumulation, validated by a CHOCH within my demand zone, I will be prompted to initiate buy positions aligned with the prevailing bullish trend in GBPUSD. Additionally, there is notable liquidity to the upside, including engineered liquidity and untouched Asian highs. Confluences for GBPUSD Buys are as follows: - There are two demand zones (the 10hr and the 11hr) that price could react off. - Lots of liquidity in the form of engineering liquidity and asian highs. - This idea aligns with the temporary bullish trend that GU has generated. - Selling pressure is slowly getting exhausted and is pending an accumulation. - For price to continue going higher and create a new leg it must react off a near demand. P.S. While acknowledging the temporary bullish trend in place, it's important to recognize the overall bearish trend for this pair. This implies that eventually, the price will reach a certain supply level, triggering a significant bearish movement. However, for the present moment, it's crucial to adapt and align with the current bullish trend.
Long
by Hassan_fx
GBPUSD Long to Trendline ResistanceHi Traders! The GBPUSD 2H chart looks bullish and is targeting the monthly trendline resistance. Here are the details: After recovering from monthly lows, the market is now on a steady incline, showing swings of higher highs and higher lows. The market has also recently broken and closed above the 20 EMA. Our plan here is to buy market dips and target an exit just above the trendline resistance. Preferred Direction: Buy Entry Level: 1.26648 Stop Level: 1.26234 Target Level: 1.27487 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
GBPUSD Longs from 1.25500 up towards 1.28500The current bias for GBPUSD this week is interesting, particularly as it has once again broken structure to the upside, enhancing the favourability of a bullish bias. At the current price, our focus as traders should revolve around how to capitalise on this development. Notably, there are two demand zones (11-hour and 3-hour) that triggered this impulsive upward movement. Identifying these zones as my Points of Interest (POIs) for potential buys, I plan to wait for a pullback, influenced by its interaction with the previous 4-hour supply zone. Given the respectable reaction observed on Friday, I now anticipate a bearish push downward to address any imbalances left from the previous week. Subsequently, I expect a Wyckoff accumulation to unfold within our POIs, providing the opportunity to enter our buy positions. Confluences for GBPUSD Buys are as follows: - Price has just recently broke structure to the upside again validating a bullish bias. - Lots of liquidity of still left above in the form of asian highs and trend line liquidity. - Nice unmitigated demand zones left on the 11hr and 3hr (TF) that have caused the BOS. - Dollar index is still very much so bearish as well and I'm expecting more downside. - The price also responded to my 4-hour supply zone last week, and this event could serve as the catalyst for a retracement, paving the way for a new upward movement. P.S. While the general bias for GBPUSD leans bearish, the consistent Breaks of Structure (BOS) strongly support the overarching downward trend of the dollar index. Presently, my focus is on identifying optimal bullish setups. However, if the price enters a significant supply level, I won't rule out the possibility of considering short-term sell positions. Let me know what you guys think of your GBPUSD overview, don't hesitate to drop a comment below !
Long
by Hassan_fx
2
GBPUSDFX:GBPUSD has been making some interesting higher lows over the last few weeks. It has broken the 1.23962 resistance area and currently doing a retest of the same zone. Are we going to see a further push or price will drop and push further down? That remains to be seen, however my bias in this is Bullish. On H4, a good rejection of the zone just might trigger the momentum need for the uptrend to continue with targets at the next resistance level 1.26325. If price on the other hand breaks down to the short side, we just might see it come back to the 1.22265 area 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
Long
by Mbjoey
GBPUSD | 2 Long Scenarios | The Empire will strike backGeneral GBPUSD fell through the first big support zone (Zone 2) unless a reclaim i am not gonna look for longs currently. Personally waiting for price falling deeper into Zone 1. Marked 2 Scenarios that i would want to see to develop. Be aware that i usually use LTF (such as the 1 hour chart to plan my entries). Meaning the SLs and RR are not completly correct as shown. 1. Long (Green arrow) Price moves below Zone 1. Reclaim. Enter on reclaim. Target: Slightly below Zone 3 Stop- Loss: Depending on the LTF entry i wouldnt want to see it going below Zone 1 again Time duration: Days, weeks, months, years... ;) 2. Long (Orange arrow) Price pushes into Zone 1, reacts supportive and then generates a Swing. Enter on breaking of the generated swing. Target: Slightly below Zone 3 Stop- Loss: A bit below of top of the Zone 1 Time duration: Days, weeks, months, years... ;) Good luck Disclaimer: - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
Long
by a_tale_of_bulls_and_bears
GBPUSD Long towards 1.22800 (possibly higher)For today's GU breakdown I will be looking for buys from current price as it has tapped in a nice 6hr demand zone that has caused a BOS to the upside. As we have seen from last week's GU analysis we did anticipate scenario (A) to play out and it did so perfectly. Now, we are looking for buys back up as it has filled in the major imbalances left from before. On Monday I will be looking for a clean entry where I can continue this trend that GU has set to the upside, possibly causing another rally to the upside and a new BOS. In addition to this, the zone also lies between the 0.78 fib range which is a good confluence that price will respect this AOI. As this is an uptrend I can also expect price to push past the 11hr supply (where the take profit target is) and mitigate the extreme supply above it. Confluences for GBPUSD Longs are as follows: - 6hr demand zone lies between the 0.78 range on the fib tool. - Demand zone has also broken structure to the upside following short term bullish trend. - Price has completed a wyckoff accumulation schematic and CHOCH'd to the upside. - Lots of liquidity lying above i.e. asian highs and imbalances that need to be filled. - Dollar index also looking bearish as well good confluence for GU to then push upwards. - A lot of rejection candles inside zone as well as a consolidation (good sign that price is going to respect that POI.) P.S. I am still temporarily bullish, but my overall bias is bearish (looking at the monthly/weekly time frames.) Price has also slowed down and sells are getting exhausted hence the consolidation In our POI. I would be looking to see how this plays out on Monday before CPI, then re assess my next potential trading setups for the rest of the week.
Long
by Hassan_fx
1
GBPUSD possible buy area!GBPUSD experienced a continuous downtrend in its latest session, but the descent was tempered by a rebound towards the session's close. An interesting observation is the appearance of a bullish pin bar pattern on the daily chart, signaling a reduction in selling pressure. This implies a possible end to the correction phase and an increased probability of the price returning to its upward trajectory, in line with reversal signals seen in the previous session.
Long
by ForexWizard01
GBP/USD Buy Setup1D Timeframe Transitioning from a bullish to a bearish trend. Awaiting confirmation by the market to break the IDM (Inducement) level before proceeding further to the downside. Alternatively, managing overbought conditions (OB-s). 15MIN Timeframe Shifting towards a bullish direction. Looking for market confirmation to breach the IDM level before considering an upward move. Possible Entry: Consider entering a trade after confirmation through IDM breakout. These revisions aim to make the text more concise and clear, emphasizing the key points and actions to be taken in each timeframe
Long
by Kenmi
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
Long
by ForexPlanet20
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the resistance level above the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2536 LEVEL. After that, you can SELL at 1.2099 LEVEL. So go to GBPUSD SELL ENTRIES.
by benny_marshall