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.
Gbpusdsell
Will the pound usher in a bull market?The current interest rate hike is nearing the end. The market has digested it, and the dollar has fallen in a volatile manner. Now that European banks are accompanied by the bankruptcy of Credit Suisse, there should be other bank risks. At the same time, Europe is also following the Fed to raise interest rates. Now the Ukraine crisis continues, the European energy crisis, the food crisis and the refugee debt crisis continue, and the recession is inevitable, so the euro and the British pound are likely not to go into a bull market.
In addition, judging from the current structural trend, GBPUSD has rebounded sharply after a sharp decline, so the lower support is not very strong, and there is a need for a second fall to verify the lower support, so GBPUSD still has a need for backtesting in the short term.
In the short term: pay attention to the resistance of 1.245 above, and observe the defense of 1.238 below.
I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
GBPUSD sell setupGBPUSD broke a major support area and now market is back at testing that area
we are only interested in sell
look for bearish confirmation on small time from on mentioned reaction area
apply your own money management
always remember discipline ius the key to become successful in financial world
GBPUSD - Short IdeaGBP/USD has been rising steadily since early March after bouncing off technical support, but now sellers could retake control of the market. We have a few strong resistance levels at 1.252 & 1.266 and a few strong support levels at 1.182 & 1.174. So it's a perfect risk:reward ratio for a sellers.
GBPUSD: The Bears' Chance!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️
The UK economy is facing various challenges such as strikes, unresolved Brexit issues, low productivity, and pessimistic forecasts from the International Monetary Fund, which are all valid reasons for concern. The Bank of England has recently confirmed this gloomy outlook, which is a significant endorsement of the situation. As a result, the Pound is likely to remain weak against all currencies for an extended period.
Note: Full TP, SL for winning the market and safe trading!
GBPUSD Short Pattern!GBPUSD create Strong Bearish Divergence with a channel. According to the technical chart, seller will control the market. And there was an unmitigated order block, try to mitigate it!
Short From 1.2433-1.246xx
SL: 1.249xx
1st TP: 1.225xx
2nd TP: 1.216xx
Risk 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 organised 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.
Press like👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis.
Best Regards!
Mahfuz Azim
GBPUSD : Short Trade , 1hHello traders, we want to check the GBPUSD chart in the 1-hour time frame. After moving in an upward trend, the price has reached a resistance level between 1.24300 and 1.24500 and has not been able to break this level, and this level has caused the price to fall. If the price can break the ascending channel and also the key level of 1.23300 and stabilize itself below this price, we expect the price to fall further to the specified targets. Good luck.
GBPUSD sell Entry : 1.23300
Stop : 1.24335 , Target1 : 1.22248 , Target2 : 1.21230
Risk/Reward Ratio : 2
#GBPUSD-HIGHLY PROBABLE SELLING OPPORTUNITYDear Traders, Hope you all doing great, we have got an excellent selling opportunity on GBPUSD in which we are expecting price to come to our zone and then drop from there. Fundamentally wise we have major upcoming news on Friday this week which NFP, every traders across the globe must be eying on this report as this will be a trend decider for all the USD pairs. With that, GOOD LUCK and have A great week ahead.
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 SUPPORT LEVEL below 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 1.2700 LEVEL. Before that, you can SELL at 1.1580 LEVEL. So go for GBPUSD LONG ENTRIES.