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Gbpusdsell

GBPUSD Looking BearishUpon examining the H4 chart, a significant development unfolds: the price is presently exceeding the crucial threshold of 1.2547, marking a breakthrough of the formerly recognized pullback resistance. This breakout implies a substantial alteration in market dynamics, indicating that the driving force behind the price movement is robust enough to surmount the resistance that previously induced a temporary pullback. Traders and analysts might view this progression as a potential bullish signal, as the market demonstrates strength in overcoming recent obstacles. Additional analysis, along with the consideration of other indicators, may be necessary to obtain a thorough comprehension of the current market trend.
Short
by HUMCRYPTOCLUB
GBPUSD → Will We Reject Here!? A Potential Drop to 1.21!GBPUSD has made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action. How do we trade this? 🤔 It is not reasonable to short just yet because we do not have a sell signal! We're currently at the resistance level but without a confirmation of rejection, there is no justification to short without imposing too much risk. Enter after another sell signal, then 1:2 risk ratio down to the bottom of the trading range around 1.22000. If the price breaks resistance, wait for it to confirm support on the resistance zone then look for a long entry off of a bull signal and confirmation bar. 💡 Trade Idea 💡 Short Entry: 1.26670 🟥 Stop Loss: 1.29000 ✅ Take Profit: 1.22000 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Trading Range after Bull Run, Bias to Long. 2. Price Currently at Resistance Zone, Look for a Reversal Signal. 3. If Shorting, Watch the 200EMA for Support. 4. If Break Resistance, wait for New Support Confirmation. 5. RSI near 70.00, 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!
Short
by TraderEngineering
GBPUSD: The pound-to-dollar exchange rate fell 0.08% at 1.2594Late last week, the dollar depreciated versus a basket of currencies on reports of strong U.S. business performance in November; however, private sector employment decreased due to forecasts of an impending economic slowdown. the final quarter. Prior to this, the US Composite PMI Output Index was recorded on Friday by Michael Brown, a market analyst at Trader S&P Global. In particular, the number remained unchanged at 50.7 this month as a result of a minor increase in activity in the service sector offsetting a decrease in output. An increase in the private sector is indicated by a rating above 50. Businesses are laying off employees as a result of the weak order growth; the employment index in the poll dropped from 51.3 in October to 49.7 in June 2020, the first loss since then.
Short
by Chart_MasterPro
GBPUSD Imminent sells towards 1.225500GBPUSD Is still bullish due to the continuous break of structures to the upside however, It has tapped into a nice supply which I expect to cause a correction back down to a demand level at 1.225500. This is an opportunity I will be looking to take soon as market opens therefore, I will be waiting for a CHOCH to validate my Wyckoff distrubution and I will be waiting for a sweep of the asian high before I consider imminent sell positions. As price is currently In a clean 15hr supply that has caused a BOS to the downside, I would be expecting price to have some sort of reaction, hence why I am anticipating a pull back so we can end up continuing our bullish bias upwards. My confluences for GBPUSD shorts are as follows: - Price tapped into 15hr supply zone that broke structure to the downside. - Overall trend of the market on the higher time Frame like (monthly) is still bearish. - Price distributing currently pending a CHOCH to validate our sell position bias. - Price requires a pullback of some sort due to the recent impulsive moves to the upside. - For price to continue in its bullish trend it will need to form a correction and tap in demand. - Price has swept lots of liquidity to the upside, enough to move the markets back down. P.S. Even though price has entered a supply, this is just a short term trade idea in order to sell down towards a demand. This is where we will be looking to buy the market back up again in order to catch a pro trend trade. Hope you guys found this post insightful, HAPPY TRADING!
Short
by Hassan_fx
1
GBPUSD Shorts from 1.25500 down towards 1.24000This bias for GBPUSD this week is not as clean in terms of price entering an ideal zone however, it's still a possibility that could happen so let's look at how we could sell GU. As we know this market has been in a small uptrend recently but, I am still overall bearish (looking at the HTFs) Therefore, I would be waiting for price to enter a near by supply so we can at least sell down towards a demand zone to continue the temporary bullish trend. Currently, it is approaching a 9hr supply that has caused a small BOS to the downside and price will require some sort of pull back to continue going upwards, hence why this is a counter trend idea. We are also reaching a psychological level of 1.25500 which is another good sign to anticipate a reaction, as this would tell us if price would want to retrace or keep pushing higher. Confluences for GBPUSD shorts are as follows: - Price approaching 9hr supply zone that has caused a BOS to the downside. - The zone also lies between a psychological key figure of 1.25500. - Pending correction is likely to happen due to the impulse move that has been taken place. - Lots of liquidity left below in the form of asian lows and there is huge imbalances as well. - Overall market trend for GU is bearish according to the monthly/weekly time frame. - Price has swept lots of liquidity already to the upside and momentum is dying down slowly. P.S. As price still looks pretty bullish I won't be surprised if this zone doesn't hold however, there is also better supply zones above like the 15hr which looks more probable. For now we will wait for our Wyckoff distribution to play out & see if price gives us an entry model for sells.
Short
by Hassan_fx
1
GBPUSD short term Shorts to 1.22000GBPUSD has a similar bias to EU so im also currently looking for a sell setup to form to take price down towards an area of demand. This counter trend trade will allow us to catch a move before we end up buying alongside the bullish order flow at around the 1.22000 mark. Scenario (A) - Price is currently reacting off our 6hr supply zone that we have marked out, this is were im expecting for price to fully complete a wyckoff distribution schematic and change character. As there has been an impulsive move to the upside it has left imbalances that im expecting to get filled. This will be a retracement as price has already expanded to the upside. Scenario (B) - Is that price will continue to push higher and fail this zone to then mitigate the imbalance that is sitting just below the 9hr supply. From there, my next AOI will be at that level of supply to sell at a more premium price. My confluences for GBPUSD shorts are as follows: - Overall trend on the HTF (weekly/monthly) is bearish. - Price tapped in to a 6hr supply zone and there is a daily supply just above. - Momentum is slowing down expecting price to distribute and choch to the downside. - Imbalances were left below due to NFP news so im expecting it to get filled via a pullback. - For price to continue in its recent bullish trend im expecting price to come back to those demand levels below at 1.22000. P.S. Either way the purporse behind these short term sells is to ride price back down towards areas of demand like the 6hr or the 1hr and then buy from there. This bias is also backed by the dollar index as you can see in that analysis post.
Short
by Hassan_fx
GBPUSD LOSS - Discussing a LOSS & what I could have done BetterHey guys what's up Brandon here..so as promised I am going to give a breakdown as to why I think I lost the GU trade. This one is entirely my fault as I saw the consolidation where I know liquidity would have been trapped and I chose to ignore it. I also saw that GU was becoming very exhausted yesterday and I also chose to ignore that as well and now I am paying for that. I think it is important to note when you know you did shit and don't make excuses for yourself, this is how I've learnt to analyze the way that I do now. I never made an excuse for myself and I am not about to start now. That being said I welcome your critiques and comments, did you see what I saw? Would you have taken this trade? What would you have done? Let's try to learn and grow together, Even though I am consistently profitable doesn't mean I've stopped learning and growing. The more I learn, the more I realize how much I don't know - Albert Einstein
Short
by Brandon_evo4
GBPUSD Shorts towards 1.20400The Bias for this trade will follow the overall bearish market trend, hence why we will be looking for sells to continue in that same order flow. As of the current price we have two supply zones marked out (A) the refined 4hr supply zone and (B) is the 8hr supply zone at the top. I will be waiting for further confirmation like a re-distribution within the 4hr supply and a clean CHOCH to confirm sells however, there are imbalances above the zone so we can also expect that to get filled and then tap into our extreme 8hr supply at the top for a better sell setup to form. Either way, both targets are at 1.20400 which is at a liquidity point or just below where the daily imbalance is which still hasn't been filled. My confluences for GBPUSD shorts are as follows: - There is a 4hr supply zone & 8hr supply zone that has caused the CHOCH & BOS to the downside. - Price has also swept liquidity from the left hence why we have broken into a bearish trend. - There is a daily imbalance below that hasn't been mitigated as well as wicks in the form or liquidity that hasn't been taken. - The GU market has been in a bearish trend overall on the higher time frames so we trading with the trend. - Price is beginning to create lower lows and lower highs which has multiple small BOS's. P.S. Scenario (A) which is the sell from the 4hr supply zone can be expected to play out during this week but scenario (B) might occur next week. We will see how NFP Friday plays out to give us a better insight into the direction of the market.
Short
by Hassan_fx
2
GBPUSD Short traders looking profitable upto 1.24 {16/08/2023}Educational Analysis says GBPUSD may go Short according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why Short? Because GBPUSD Short traders have already broken the 4-hour Upward Bottom trendline and now Top Downward trendline is being respected. Although this pair has proved that, It's Changing its character and Also Sellers proved that the Market structure shifted and eventually lead to a Break of Structure. Analytical Trade would probably be Sell limit order at 1.27625 Stop loss at 1.27878 Take profit at 1.24462 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Short
by VishalBudhrani
5
GBP\UDS SELL SETUP @KENMI 1D Timeframe: Market structure has transitioned from a bullish trend to a bearish one. Inducement has been removed, mitigating the previous Decisional OB (Order Block). The price continues to decline. 1H Timeframe: The structure is breaking to the downside, indicating a bearish trend. We are waiting for the Inducement to be taken out, with the possibility of mitigating the recent High-Volume Order Block (HP OB). Upon receiving all necessary confirmations, we will enter the trade. Target: The low of the 1D timeframe. Best regards, Trader Kenmi Please be aware that trading carries significant risks and can become addictive. It's essential to exercise caution and never invest more than you can afford to lose. Remember, entering signals should be approached with careful consideration of the potential risks involved. Your financial well-being should always be a top priority when engaging in trading activities.
Short
by Kenmi
1
GBPUSD remains bearish British inflation has slowed slightly, but only slightly; the Bank of England is expected to keep interest rates unchanged at its November meeting; technical analysis shows favorable signs for sterling bears. It is very difficult for the Bank of England to combat inflation. Can the pound continue its rise in the fourth quarter? Sterling fundamentals background UK CPI data showed that both overall and core CPI continued to fall, although the results were higher than expected. The performance of the inflation data was generally in line with expectations, but showed that inflationary pressures in the British economy still have some resilience. Rising oil prices, driven by higher motor fuel prices, were the biggest factor driving the annual increase in inflation, while inflationary pressures on food and non-alcoholic beverages and furniture and household goods increased modestly. The decline in UK PPI is expected to cool inflation in the future as it is a leading indicator of CPI. The Bank of England will now be monitoring the performance of this data ahead of its November meeting. The pound strengthened against the dollar following the data, but currency market pricing suggests market expectations have not changed (as shown in the chart below). Markets still tend to predict that Bank of England interest rates will remain unchanged at its November meeting, while other central banks around the world may do the same as geopolitical conflicts in the Middle East escalate. Next, UK employment data to be released on October 24 will be closely watched for clues on the Bank of England's next move. Price action on the daily chart shows GBP/USD trading in a bearish flag formation, with the pair trading around the psychological 1.2200 mark. Bears will likely be hoping that the moving average cross will push the price below the support of the flag and allow the price to fall further towards the lower support zone. From a momentum perspective, the RSI indicator is also pointing to a bearish outlook as it remains below the neutral level, suggesting that prices may be heading lower. How to efficiently chase the rise and kill the fall? Use the RSI indicator to identify entry and exit points! Key resistance levels: • 50-day/200-day moving average • Flag resistance • 1.2308 Key support levels: • 1.2200 • Flag support • 1.2100 • 1.2000 • 1.1804 IG Client Sentiment Index: Bearish The IG Client Sentiment Index shows retail traders are currently net long GBP/USD, with around 69% of traders holding long positions at the time of writing
Short
by Krause_Philipp