GBPUSD Bearish patternA head and shoulder pattern is forming on the GBPUSD pair. For confirmation, it should be retesting the neckline and then moving forward towards TP 1 AND 2.
Gbpusdsetup
GBPUSDPrice seems to be stuck in a consolidation phase ranging between the 1.27873 and the 1.26639 zones. Although on the higher time frame (weekly) price seems to be making higher highs I would rather wait to see a breakout of the consolidation range before taking any position. Waiting is good trading strategy
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- Break of range for 200 pips tradeSince the beginning of August, GbpUsd has been trading in a tight 150 pips range (a narrow range for a pair like GbpUsd).
Yesterday's price action left a nice bullish Pin Bar on our chart which could indicate gains going further. However, for this we need confirmation and this comes with a break above 1.28. In such an instance, the pair could test the important 1.3 figure.
On the other hand, a break under 1.26 would expose 1.24.
I usually don't write analyses like this: "if it breaks resistance is going up, if it breaks support is going down". I made one in the GbpUsd case because, after one month of consolidation, the break of the range could set the direction for the next period and this pair is, for sure, one to keep a close eye on at this moment.
GBPUSD I Positioned to move higher 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.
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GBPUSD Local Bullish Bias!GBP-USD was making a
Bearish correction after
The breakout of the falling
Resistance which is a
Support now and we are
Already seeing a bullish
Rebound from the level so
I think that we will see
A further move up !
GBPUSDlooking for retest after forming double top. after retest look for a bearishcandle to form and get entry there and hold upto the targeted areas good luck hit the following button. lets go
GBPUSD LONG TERM Selling IDEAHello 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 Sell Limit ?The GBP/USD pair is currently in a downtrend . Upon analyzing the chart, the price has not yet reached our identified order block; instead, it has established liquidity levels just below the order block. This observation indicates the persistence of an existing imbalance that hasn't been resolved. Consequently, it is likely that the price will retrace back into our identified order block before resuming its downward momentum.
gbp usd buy opportunity with retesthello, according to my analysis of gbpusd pair. There is a very good buying opportunity as the price has broken the bullish channel. It also broke the strong resistance at 1.6200. The price returned to the same area, but could not penetrate it. With the formation of a very positive candle on the daily time frame, and another confirmatory candle, which is green, indicating the strength of the buyers. good luck for everbody
GBPUSD Bearish Breakout and Retesting doneGBPUSD Bearish Breakout & Retesting done as you can see in chart H1. Take sell accordingly.
GBPUSD Analysis H4Here is my analysis for GBPUSD on H4 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBP/USD 30M Support and Resistance ZonesEmbarking on a successful forex trading journey requires understanding the intricacies of technical analysis, much like deciphering a treasure map. In this succinct analysis, we delve into the 30-minute chart of GBP/USD, unveiling pivotal support and resistance levels that offer traders valuable insights into their strategies.
Support Level 1: 1.27112 Our expedition commences with a robust support level at 1.27112. This historical anchor spotlights instances where GBP/USD has found solace amid downward trends. Traders keenly observe this level, as a potential rebound could signal an impending upward shift. Conversely, a breach might signal extended declines, emphasizing the role of this support in interpreting market sentiment.
Support Level 2: 1.26800 Delving deeper, the second support at 1.26800 comes into focus. This level acts as a backup foundation, potentially cushioning any downward pressure the price faces. Traders are alert for indications of the price respecting this level or potentially descending beneath it, which could stimulate increased market activity.
Resistance Level 1: 1.27850 As our journey ascends, we encounter the first resistance at 1.27850. This juncture consistently challenges upward momentum, representing a significant barrier to conquer. A successful breakthrough might herald the continuation of a bullish trend, while a retreat could trigger range-bound movement. Traders closely monitor the price's reaction around this resistance to gauge its strength.
Resistance Level 2: 1.28070 Progressing beyond the initial resistance, the second level at 1.28070 emerges as a pivotal milestone. Its importance lies in the potential for a price surge after surpassing the first resistance. However, it's also a likely point for profit-taking, potentially leading to temporary slowdowns or reversals. Traders observe the interplay between upward momentum and the intensity of resistance.
Resistance Level 3: 1.28400 The final resistance at 1.28400 stands as the ultimate challenge before aiming for higher levels. If GBP/USD overcomes the previous resistance levels and conquers this point, it might signify a robust upward surge. Traders must prepare for increased volatility and possible corrective movements around this level.
To summarize, the GBP/USD 30-minute chart unveils a dynamic landscape defined by crucial support and resistance zones. Traders closely monitor how the price interacts with these levels to infer short-term sentiment and potential market direction. While these levels are invaluable guides, comprehensive analysis, paired with prudent risk management and consideration of broader market trends, remains pivotal for constructing effective trading strategies.
GBPUSD: Another Bull Push!Dear Traders, hope you are doing great, we have update on GBPUSD, price is still in bullish range. View on DXY is bearish alongside GBPUSD has formed AB=CD pattern indicating a further upward movement.
GBPUSD Bearish Bias! GBP-USD is trading in a
Downtrend and the pair
Will soon retest a resistance
Cluster of the falling and
Horizontal resistance levels
At around 1.28060 and from
Where I will be expecting
A move down!
GBPUSD BUY setupgbpusd made a divergence last weak on NFP and broke the little area and went straight up
now market is back to retest the broken area and look for bullish confirmation on lower time frames and buy gbpusd
apply your own money management
GBPUSD Bullish IdeaGBPUSD Daily Momentum is Bullish But H4 Pullback was Expected till this POI Zone as Highlighted.
Lets Wait MSS at M5 or M15 and then Find Entry.
GBPUSD: Waiting for new information!The Bank of England (BoE) is widely anticipated to raise its policy rate by an additional 25 basis points to 5.25% after the August meeting. However, such a decision alone may not be sufficient to stimulate the recovery of the British pound. The BoE needs to reassure markets that they will continue tightening their policy despite signs of easing price pressures. Furthermore, the British currency could gather strength if a policy statement reveals that some policymakers have voted in favor of a 50 basis point hike.
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 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.
GBPUSD: Everything is gradually revealed before the new news!It is important to note that Fed Chair Jerome Powell recently stated that the economy still requires a slowdown and weakening labor market in order for inflation to confidently reach the 2% target. Additionally, the latest macroeconomic data from the United States indicates a remarkably resilient economy, leaving room for one more 25 basis points rate hike by the Federal Reserve in either September or November. This further supports the high yields seen in US Treasury bonds and reinforces the strength of the US dollar.
Furthermore, a generally negative risk sentiment, as evidenced by a decline in US equity futures, further enhances the safe-haven status of the US dollar. However, at least for now, any downside pressure on GBP/USD is mitigated as markets have already factored in two additional interest rate hikes by Bank of England before year-end due to persistent price pressures. As such, all eyes will be on Thursday's crucial BoE monetary policy meeting as it remains an area of focus.
GBPUSD 15MGBPUSD 15M. I see AMD and it's only my view.
Let's see how the market plays out and thank you.
GBPUSD Breakout TradeGBPUSD wait for breakout and trade in the direction of breakout.
Manage your risk according to account size!
GBPUSD BullishOn Thursday, DXY was become stronger and put GBPUSD down, but If you look on the chart, we can see huge Bearish candle which is abnormal as compared to another candle. I believe GBPUSD may rise more. Every support is an opportunity to buy.
