GBPUSD - Confluence for sell ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect we can see here bearish price action after a rejection from trendline + liquidity zone + FIBO 0.618.
Fundamental news: This week is full of news in USA, on Wednesday (GMT+3) we have Funds Rate + FOMC and of Friday (GMT+3) Unemployment Rate + NFP. All these news have high impact on USD, so pay attention to the results in order to validate the analysis.
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Gbpusdshort
GBPUSD Short planGBPUSD bounce from support as i was expecting. Price finally reached the first reversal area were we could look for short. I have another good level to add shorts, that is 1.26. This is a another resistance level on higher timeframe. First target area 1.2425, i will share my entry on my page
GBPUSD
Based on the daily timeframe, GBP/USD appears to be exhibiting a bearish trend as indicated by a shift in market structure (ChoCh) and adherence to Elliott Wave theory with a completed 12345 pattern. The recent touch of the descending trendline coupled with the completion of the 4th wave suggests potential downward movement. With selling orders likely to be activated, the trajectory for GBP/USD seems inclined towards a sustained downtrend for the long term.
GBPUSDWeekly:
1. Direction:
Bearish
2. Reasons:
1. Price respected the newly formed FVG
2. BOS with massive displacement
3. price is moving from IRL to ERL
3. Trading Range Box:
1.25403 to 1.23032
Daily:
1. Direction:
Bearish
2. Reasons:
1. Respecting the weekly FVG
2. Good reversal candle
3. Good OB reaction
4H:
1. Direction:
Bearish
2. Reasons:
1. BOS with displacement
2. Wait for the FVG formation
3. Wait for MMSM
Rising channel on GBPUSD A potential rising channel might form within the bigger descending channels (pattern within a pattern), the potential rising channel if completed to a touch by the top trendline will confirm a signal of price moving lower towards the 90% Rule. Price from there on might shoot upwards or continue to move lower.
GBPUSD | Perspective for the new week | Follow-upAmidst the uncertainty characterized by global events, last week witnessed the GBP/USD pair caught in the crosscurrents of rising geopolitical tensions and pivotal central bank pronouncements. Bank of England's Deputy Governor, Dave Ramsden, took centre stage with remarks on inflation risks, yet failed to provide the anticipated support for Sterling as it plunged to new depths.
The UK's economic landscape presented a mixed picture, with March's retail sales stagnating while annual growth maintained a modest trajectory. Against this backdrop, the Bank of England and the Federal Reserve emerged as key players, wielding their influence to shape market sentiment.
The journey across the pond unveiled a contrasting narrative, with robust US Retail Sales figures sparking a reassessment of interest rate projections and propelling the US 10-year note yield to unprecedented heights.
While Atlanta Fed President Raphael Bostic cautioned against persistent inflation, New York Fed President John Williams struck a more measured chord, emphasizing the Fed's data-driven approach and its nuanced stance on monetary policy.
In this video, we dissect the implications of these developments and chart our course for the new week in GBP/USD trading.
GBPUSD Technical Analysis:
Will the pound maintain its momentum below the critical $1.24200 zone?
In this video, we've examined both the daily and 4-hour timeframes, dissecting bullish and bearish sentiments to unearth the most promising trades for the week ahead. Our analysis dives deep into key levels, trendlines, and support/resistance points, providing invaluable insights into the prevailing market structure.
Our focus remains fixed on the pivotal level at $1.24200, where the direction of price action could herald the onset of significant market shifts. How the market responds here will chart the course for GBP/USD in the days to come.
Stay engaged and join the discourse in the comment section to stay abreast of the latest developments. Thank you for tuning in, and brace yourselves for further illuminating insights into GBP/USD in our upcoming content. Get ready for an exhilarating journey ahead! Happy trading!
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Bearish Waves Ahead: Unveiling GBPUSD's Trading PathGreetings Traders,
Yesterday, our focus was on minor bullish objectives, although it's important to note the prevailing bearish sentiment in the institutional order flow. Price successfully reached these objectives, notably the daily bearish order block. Currently, we've observed a bearish market structure shift on the H1 timeframe, signaling a continuation of the downward trend.
Our analysis highlights the sell-side objectives, with the overarching goal being a move towards the daily sell stops.
Yesterdays Analysis GBPUSD: Potential Minor Bullish Targets
Best regards,
The_Architect
GBP USD GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels
GBP USD confirm signal
GDPUSD: Short the poundThe next significant event on the horizon is the release of USA Gross Domestic Product (GDP) data. While this announcement has the potential to influence market direction, I anticipate it may not yield significant changes.
However, it's essential to remain vigilant and stay updated for any developments following the release.
Stay tuned for further updates as the situation unfolds.
***** Avoid Short Term Long Trades.
Best regards,
GBPUSD Sell Idea: Anticipating Further Bearish MovementGreetings Traders!
Currently, GBPUSD exhibits strong bearish sentiment , marked by consistent draws on liquidity to the downside. We've recently retraced to a point of efficiency, effectively covering the inefficient price movements from the previous volatile downside move .
Notably, we've interacted with a m15 bearish order block , with price action confirming a market structure shift to the downside . Consequently, I'm closely monitoring the potential draw back into the current m15 order block , anticipating further bearish movement towards the H4 Sell Stops.
Stay tuned for updates as the situation unfolds.
Kind Regards,
The_Architect
GBPUSD SELL | Idea Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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GBPUSD - Potential sell idea ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block.
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GBP/USD Sells down towards a long opportunityThis pair is currently in a bearish trend, but I anticipate a potential reversal near a major demand zone around 1.23000. While we wait for price to reach this level, I'll be monitoring for a minor retracement back to the recently formed 4-hour supply zone.
Once the retracement occurs, I'll be looking for selling opportunities in line with the prevailing trend until price reaches the 3hr demand level. Upon reaching this level, I'll anticipate a liquidity sweep of the Asian low and a possible Wyckoff accumulation phase, expecting price to then rise.
Confluences for GU Sells are as follows:
- Price has been very bearish recently and confirms this via continuous break of structures.
- Good 4hr supply that has recently been created which also caused a BOS.
- Theres an imbalance below that needs to get filled as well as lots of liquidity to be taken.
- The overall trend of the market on the higher time frame is bearish as well.
- DXY also looking bullish as well and it's aligning very well with GU's Zones.
P.S. This demand zone is particularly strong because it aligns with a strengthening dollar entering a robust supply zone. This could lead to a significant drop in the dollar and consequently a rise in GU. However, given the overall bearish trend of GU, selling positions remain valid.
Have a good trading week!
GBPUSD I Forecast and trading plan 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 $GBPUSD | 4H BREAKDOWN OR BREAKOUT? - Apr. 17th, 2024GBPUSD FX:GBPUSD | 4H BREAKDOWN OR BREAKOUT? - Apr. 17th, 2024
BUY/LONG ZONE (GREEN): 1.25350 - 1.26215
Can be extended to: 1.24820 - 1.26215
DO NOT TRADE/DNT ZONE (WHITE): 1.24260 - 1.25350
Can be reduced to: 1.24260 - 1.24820
SELL/SHORT ZONE (RED): 1.23000 - 1.24260
Weekly: Bearish
Daily: Bearish
4H: Bearish
FX:GBPUSD fell through the bottom of the previous bearish zone so I've decided to create a new chart. The 4H is currently developing a range, bulls should be looking for breakouts above the top levels of either 1.24820 or 1.25350, bears should be looking for breakdowns below the bottom level of 1.24260. TradingView is not allowing me to publish properly with multiple timeframes so I attached a small image of the weekly and daily timeframe views. The image is anchored and cannot be resized but it gives a small visual of what I was looking at.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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gbpusd buyGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GBPUSD - Feb. 19th, 2024GBPUSD - Feb. 19th, 2024
By request.
BUY/LONG ZONE (not shown): Starts at 1.26250, adjustable to channel low.
DO NOT TRADE/DNT ZONE (not shown): 1.25910 - 1.25250, adjustable to channel levels.
SELL/SHORT ZONE (not shown): Starts at 1.25910, adjustable to channel high.
Weekly: Bullish
Daily: Bearish
4H: Bullish
1H: Bearish
Weekly: Bullish, bearish if there's a close below 1.25350.
Daily: Bearish, supporting structure & breakdown of zone but respect to level below.
4H: Bullish structure with ascending channel.
1H: Bearish but has respect to channel low.
I personally would not trade this at the moment but if I had to I'd go short just because high frame respect to zones and most recent low frame pushes. Keys here are the zone that the daily frame broke and respected and the channel drawn on the 4H. Bulls should want to see the channel respected into a breakout of the zone around 1.26250 - 1.26350. Bears should want a breakdown of the channel lower level or a rejection of the zone bottom at 1.26250 or a breakdown of structural lows at 1.25910.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
GBPUSD $GBPUSD - Mar. 12th, 2024GBPUSD FX:GBPUSD - Mar. 12th, 2024
BUY/LONG ZONE: 1.27970 - 1.29425
DO NOT TRADE/DNT ZONE: 1.27550 - 1.27970 (Extended area would be 1.26950 - 1.27970)
SELL/SHORT ZONE: 1.25355 - 1.26950 (Extended area would be 1.25355 - 1.27550)
Weekly: Bullish
Daily: Bullish
4H: Bearish
1H: Bearish
Previous bullish target is shown and for the visual I did extend it on the screen. The expanded DNT and bearish zones are shown for either later or earlier entries, just depends on how the lower timeframe structure develops. Some lower timeframe levels and zones are drawn in a lighter blue for some reference areas on when to enter.
There is no indication on the weekly and daily timeframe other than current momentum that the price is going to turn bearish.
Dropping down to the 4H timeframe: structure has turned bearish and has broken down through the zone that was used to determine the bullish zone.
Dropping down to the 1H timeframe: price has created clear bearish structure and is currently holding, with a retest of the previous low, now the current structural lower high.
Bears can enter as soon as 1.27550 or wait for a later entry around 1.26950, both are displayed on the chart.
Bulls should wait for structural reversals to develop on the 1H/4H timeframes and/or for price to break back above 1.27970.
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GBPUSD: Bearish Momentum Persists, Targeting Daily Sell StopsCurrently, GBPUSD demonstrates a persistent inclination towards the sell side, targeting the Daily sell stops . Having interacted with an m15 order block, a liquidity void has been filled. Now, a potential retest of the order block is underway, with price currently trading within a rejection block. This setup may serve as confirmation for further selling activity.
Alternatively, if this scenario fails to materialize, selling against the m15 Buy Stops becomes a viable strategy, awaiting confirmation for entry.
Kind Regards,
The_Architect
GBP USD chartGBP/USD declined toward 1.2450 in the American session and erased a large portion of its daily recovery gains. The USD continues to outperform its rivals following the better-than-forecast data and doesn't allow the pair to preserve its recovery momentum.
Bears have pushed the pair back to the bottom of the monthly descending channel, at 1.2440, which is being tested at the moment. Last Friday’s low is right below there, at 1.2430. A clear break of that support area clears the path towards 1.2370. Further down there is no support until 1.2220.
On the upside 1.2505 level should be cleared to advance towards 1.2565, where an unmitigated order block may provide a fresh boost for bears
GBP USD confirm signal