GBPUSD Simple 3RR SetupThis is a simple 3RR Long Setup on GU. We can see a bullish trend on the 15m chart and I am using liquidity that is build up around the 15m Demand Zone.
Use your own risk management.
Gbpusdlongsetup
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
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 ;)
GBPUSD - Looking To Buy Pullbacks In The Short TermH1 - Strong bullish momentum.
Higher highs.
No opposite signs.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
GBPUSD(UPDATED) R:R 1:5This is for short term
Marked Possible Buy zone
Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
gbpusd still upmaking another entry following the trend hoping that it manipulates the Asian session
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.
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.
GBPUSD Buy zone!From the analysis on the H4 chart, it's evident that the price has recently rebounded from 1.2326, marking it as a retracement support level. Our target is set at 1.2361, which is identified as a retracement resistance level. We've also established Support at 1.2267, a level characterized as a retracement support.
GBPUSD looking for buyers?GBPUSD breaking the nearest resistance. This pair has positive correlation with EURUSD which looks alike price movements. It's now on "QM Buy" zone, consider to looking for buy opportunity.
Safer entry after trendline breakout. It's time to buy?
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
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, to Long in the short-medium termThe GBPUSD outlook has formed a descending triangle which signals a bearish trend in general however after a recent consolidation beneath the base of the triangle and the bulls have managed to break through the descending trendline for a potential retest of the EMA-200 resistance on the 4-HR time frame.
The GBPUSD is set to rise to retest the hypotenuse trendline of the descending triangle.
GBP USD SHORTRisk 0.5%
TP1 = 1:2 RR
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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 BUYHi fellow traders, GBPUSD looks ready for a buy opportunity from the blue box area after completing this ABC correction. The trade will be invalidated if we break the red line. Target the resistance levels. Good luck and trade safe!
GBPUSD long coming up oh well..... i know some are probably still bitter after your OB failed but maybe you might see a chance to go long after all. So it looks the market actually left another valid OB and it might be coming back for a lil re-union. I'm not saying it's a chance for revenge but i'm just saying it might have just been another case of good idea wrong timing.
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.
GBPUSDIn the Daily time frame price shows a consolidation after making a significant bullish trend, we must keep waiting for a breakout from resistance, or the price still be in consolidation
GBPUSD IdeaThe overall trend is bullish. Price has taken inducement and will bounce back from extreme POI and target will be the HH
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 1.2382 LEVEL. After that, you can SELL at 1.1580 LEVEL. So go for GBPUSD SHORT ENTRIES.
#GBPUSD-LONG-Expecting USD to be weaker as the banking crisis is still continued.
-GBP looks much safer currency for investors.
I have GU going to the 27 extension.I didn't see clear structure but now am seeing price bounced off the Moving Average after it hasd already crossed,also bounce off the 50extension fib level am just waiting for price to line up in all Timeframe to create a HL in the 4H and will take this trade all the way up
GBPUSD Showing Strong Bullish Reversal Structure1. GBPUSD Bounced from Fib 0.382 Retracement level, engulfing a daily Candle.
2. Trendline was broken around 1.20513 as an added confluence.
3. Price may seek to take out liquidity above the equal highs around 1.24459
