Gbpusdsell
#GBPUSD-700+ SELLING SETUP❤️TRADERS, we still believe GBPUSD price will come to this region before it start dropping heavily, let's not miss out on this great opportunity. Price dropped recently due to bullishness of the DXY though next week NFP is our target. Which will help a lot.
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Thanks all, as always ❤️
GBPUSD Sell TF H4. TP = 1.2259On the 4-hour chart the trend started on May 11 (linear regression channel).
There is a high probability of profit. A possible take profit level is 1.2259
But do not forget about SL = 1.2551
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
GBPUSD: Bears are still too strong!TECHNICAL ANALYSIS
If GBP/USD climbs above 1.2380, which is the 20-period SMA and the upper limit of the descending channel, and utilizes it as support, it may face temporary resistance at 1.2400 and 1.2420 before aiming for 1.2450, which is the Fibonacci 23.6% retracement of the latest uptrend.
If it goes downwards, the first support is at 1.2330, the midpoint of the descending channel, followed by 1.2300 and 1.2240, which are the psychological level and Fibonacci 50% retracement respectively.
GBPUSD: The influence of USDGloomy forecast point to ongoing pressure on the Pound
The UK economy is facing several challenges such as strikes, unresolved Brexit issues, low productivity, and negative forecasts from the International Monetary Fund. The Bank of England (BOE) has acknowledged these issues, adding to the gloomy outlook. This will likely continue to weaken the Pound for a longer period.
Plan trade in the intro
GBPUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
gpbusd my ideaGBPUSD possible short scenarion for me .it tested resistance as i marked up as resistance area conflunce with ema.it got tested and got rejected multiple times on 1H TF.1h stracture has not been broken yet i am waiting for it to break so i could have another entry.
i always have two entries.
my second entry has not been confirmed yet.
fisrt entry :
Entry - 1.24585
Tp - 1.23963
Sl - 1.25031
RR - 1:1.39
BLACKBULL:GBPUSD
GBPUSD | Perspective for the new week | Follow-upThe U.S. dollar rose against the Pound Sterling on Friday and was on track for its biggest weekly gain since February despite concern about the U.S. debt ceiling and monetary policy. The aftermath of the consumer sentiment data is rippling a mixed reaction across the market ahead of the new week. Participants continue to digest features from the U.K economic docket which revealed that the gross domestic product grew by 0.1% in the first three months of 2023 coupled with a key interest rate hike by another 25 basis points data are significant factors that will come into play during the early hours of the coming week as we anticipate another handful of economic data. In this video, we have spotted structures and levels to look out for trading opportunities in the coming week(s).
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPUSD: Next destination!Unexpected upturn in mortgage activity, investors should also look for a sustained rise in inflation
Investors should keep an eye on the inflation rate, which is expected to steadily increase, along with the recent surge in mortgage activity. This could lead to the Bank of England taking action to tighten monetary policy. As a result, the British Pound could benefit from higher interest rates and bond yields compared to the US.
GBPUSD: A strong supply zoneGreetings Fellow Traders:
Midday update for GBPUSD,
We can see that a supply zone is active around 1.2510-1.2540
And for any sustainable upside move that zone needs to be broken in at least 4 hours timeframe...
And before that you can keep your selling positions with mentioned targets in chart.
Good Luck 🍀
GBPUSD SELL TO $1.17📉Similar to GBPJPY, GBPUSD is also getting ready for a deep corrective phase down towards $1.17. Looking for a move below the current Wave 4, in order for it to count as a healthy retracement.
Selling Confluences:
🚫5 Wave Impulse Move Complete.
🚫Corrective Move Yet to Follow.
🚫Buying Momentum Choppy.
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