GBPUSD Drawing And LearningJust drawing in a relaxed state can uncover new insights. I learn this decades ago, and it is very valuable to me.
Maybe it helps you too, when you do your Zen Chart Work §8-)
Gbpusdshort
GBPUSD setup GBP/USD recorded the eighth straight negative week after the pullback from the 1.3433 level, losing more than 7%. The price posted a fresh six-month low of 1.2486 on Friday, meeting the long-term ascending trend line.
More aggressive selling interest would switch the broader outlook to a bearish one, resting near the 1.2445 support, taken from the lows on May 9. Even lower, the bears would gain control, pushing the pair towards the psychological mark of 1.2300.In case of a bounce off the uptrend line, then the price may test the 1.2715 resistance area, ahead of the 20-day simple moving average (SMA) at 1.2770 and, more importantly, the 200-day SMA at 1.2820.The momentum oscillators are confirming a bearish structure as the RSI is pointing down near the oversold zone, while the MACD is still extending its negative steam below its trigger and zero lines. The 20- and 200-day SMAs created a death cross, confirming the falling movement.
GBP/USD - H1 - Broadening Wedge The GBP/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Broadening Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.2532, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2442
2nd Support – 1.2375
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GBPUSD is in the Selling Direction after breaking suPportHello 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 SHORT: USA SERVICES PMI HIGHER THAN EXPECTEDS&P global Services PMI 57.0 versus 55.2 estimates. Looking to short this pair.
Gbpusd up signal GBP/USD extends its losses for the third successive session and trades at a fresh fix-month low below 1.2550 on Friday. Disappointing PMI data from the UK weigh on Pound Sterling as market focus shift to US PMI data releases.The Relative Strength Index (RSI) indicator on the 4-hour chart stays slightly below 30. In case the pair stages a technical correction, 1.2600 (former support, static level) could be seen as immediate resistance before 1.2670 (50-period Simple Moving Average (SMA), upper limit of the descending regression channel) and 1.2700 (round level, static level).
On the downside, 1.2550 (mid-point of the descending channel) aligns as first support ahead of 1.2500 (round level, static level) and 1.2440 (lower limit of the descending channel).After losing 0.5% on Thursday, GBP/USD continued to push lower in the Asian session on Friday and touched its lowest level since May near 1.2550. The pair seems to have turned technically oversold but recovery attempts could remain short-lived in the near term.
EURUSD and GBPUSD Top-down analysis Hello 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.
The Pound’s Downward Spiral: Are Bears Calling the Shots?Ah, the British Pound versus the mighty US Dollar. A tale as old as time, or at least as old as the forex market. Lately, though, it seems like the Pound is auditioning for the next big bear market. Grab your tea (or coffee if you’ve gone full American), and let’s dive into why GBP/USD might be heading south faster than you can say " Brexit chaos. " 🏴☠️
1. Fibonacci Says: 'Resistance is Futile!' 🧮✨
First off, let’s talk about Fibonacci retracement. If you’re not familiar, it’s like the "Instagram filter" for price action—bringing clarity to an otherwise messy picture. Right now, the GBP/USD is dancing precariously around the 50% retracement level at 1.24376.
But here’s the kicker: the Pound has already given us the cold shoulder at 1.27573 (the golden 61.8% retracement). Think of it like an ex texting "I’ve changed" and then ghosting you again. Classic. 📵
Unless GBP/USD can reclaim these levels, it’s giving major "let’s break down" vibes. 🚨
2. Descending Triangle of Doom ⚠️🔺
Triangles in forex can mean two things: continuation or reversal. This one? A big ol’ descending triangle, aka the bearish powerhouse. Lower highs are stacking up like unfulfilled New Year’s resolutions, and price action is squished tighter than a London Tube during rush hour. 🐜
The triangle breakdown looks inevitable, and when it does, it might not just be a stumble—it’ll be a swan dive into bearish waters. 🏊♂️💦 Target? Let’s just say 1.18379 and 1.12692 are waving hello from below. 👋
3. RSI: 'Oversold? Hold My Tea!' ☕📊
The RSI indicator is hovering dangerously close to oversold territory (around 30), whispering, "Hey, maybe the bears need a breather?" But don’t let it fool you. This isn’t a reason to buy blindly—it’s like seeing dark clouds and hoping for a rainbow instead of a thunderstorm. 🌈⚡
Unless the RSI shows a clear divergence (spoiler: it doesn’t), the downtrend could easily keep rolling like a snowball turning into an avalanche. ❄️⛰️
4. Support Levels: The Bear’s Playground 🐻🎢
Looking ahead, the key support zones are sitting pretty at:
1.18379 (38.2% Fib): A potential pit stop.
1.12692 (23.6% Fib): Bears are probably circling this like vultures. 🦅
If you’re bullish, it’s time to sit tight. And if you’re bearish, you’re probably popping champagne already. 🍾
What Could Go Right? (AKA, the Bullish Plot Twist) 🐂✨
Okay, let’s not totally rule out the bullish counterattack. If the Pound miraculously pushes back above 1.27573 (the golden retracement), the bears might pack up and head for hibernation. But that’s a big if—like "the UK rejoining the EU" levels of unlikely. 😅
Conclusion: Will the Pound Pound Lower? 🥊📉
The stars—or in this case, Fibonacci levels and triangle patterns—are aligning for a bearish continuation. GBP/USD is looking more like a short than a "diamond in the rough." Unless it stages an Oscar-worthy comeback above 1.27573, this currency pair is poised to fall faster than a bad political speech. 🎭🎤
Bearish Action Plan 🐻📌
Wait for the triangle to break down: Confirmation is key—no guessing games here.
Target 1.18379 and 1.12692: These levels are your guiding stars.
Stop losses above 1.27573: Let’s not fight the inevitable if the bulls wake up.
So, are you ready to ride the bear? Or are you hoping for a bull to save the day? Let me know below—because as we all know, trading is 90% strategy and 10% memes. 😜📈
GBPUSD is in the Buying Direction after Testing SupportHello 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 (H1) Analysis: Gearing Up for a Bullish ShiftGood day Traders,
Trust you are doing great.
Below is my analysis of GBPUSD.
Trend & Sentiment
GBPUSD, currently trading at 1.26666, shows signs of a potential bullish reversal. After failing to break the recent low at 1.25966, the pair has started forming higher highs and higher lows, signaling a shift in market dynamics. A clear inverted head-and-shoulders pattern has emerged, strengthening the case for an end to the bearish trend and a possible move to the upside.
Key Levels
Resistance: 1.26952, 1.27561
Support: 1.26342
Possible Direction
Bullish movement
The first target is 1.26847, as long as the price holds above the key support at 1.26342.
Price may face resistance at 1.26952, but strong buying momentum could drive it toward 1.27504 and further to 1.27800, completing trade objectives.
Reversal Risk
A break below the support at 1.26342 could invalidate the bullish scenario, leading to a potential decline toward 1.25732, where a stronger reversal might form later.
Conclusion
The outlook is bullish, with targets at 1.26847 (short-term), 1.27504 (medium-term), and 1.28161 (long-term). A sustained break above resistance levels would confirm the reversal, while a drop below 1.26342 would delay bullish momentum.
I would appreciate your thoughts.
Cheers and happy trading!
Gbpusd setupGBP/USD declines toward 1.2650, erases UK CPI-led gains
GBP/USD loses its traction and retreats toward 1.2650 on Wednesday. Although the stronger-than-expected inflation data from the UK helped Pound Sterling gather strength, the risk-averse market atmosphere caused the pair to reverse its direction.
The Relative Strength Index (RSI) indicator on the 4-hour chart climbed above 50 early Wednesday, highlighting an increasing buyer interest. GBP/USD was last seen trading slightly above 1.2700, where the Fibonacci 23.6% retracement level of the latest downtrend is located. In case the pair confirms this level as support, it could face next resistance at 1.2740-1.2750 (50-period Simple Moving Average (SMA), Fibonacci 38.2% retracement) before 1.2800 (Fibonacci 50% retracement).
Gbpusd signal GBP/USD tapped multi-month lows at the 1.2600 handle last Friday, in a complete reversal of the pair’s multi-year highs set in September of this year. The pair shed 6.25% top-to-bottom from September’s peak at 1.3434, and a near-term bullish bounce could see a fresh round of short positions collecting between 1.2700 and 1.2800.
Gbpusd signal
GBPUSD is in the Selling Direction after breaking suPportHello 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
EURUSD and GBPUSD Top-down analysis Hello 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.
3 Steps to Trade Like a Pro Without Losing Your Sanity !🎯You’re here because you’re tired of watching the market run away without you, right? 🚀 You enter too late, exit too early, or worse—hold onto losers like they’re a long-lost love. 💔 It’s time to stop trading like a gambler and start trading like a sniper. 🎯 Buckle up, because this isn’t just another “blah blah strategy” blog. We’re breaking it down George-style: no fluff, no nonsense, just actionable steps (and a bit of sass).
🔥 Step 1: Spot the Uptrend—Your VIP Entrance to the Market Party 🎟️
Every great trade starts with one thing: momentum. That big blue arrow you see? 🌀 That’s the market screaming, "Follow me if you want to live… financially."
What NOT to do:
Don’t second-guess the trend. If price is moving up like a rocket, don’t be the guy saying, "But it feels like it might drop." 🙄
And please, for the love of pips, don’t trade against the trend. That’s like swimming upstream with a cement backpack. 🏋️♂️
George says: The trend is your bestie—until it’s not. Stick with it while it’s hot, but keep an eye on the exit door. 🚪
⚡ Step 2: Check RSI—Because Not All Trends Are Honest 🤥
Here’s where it gets spicy. 🌶️ Price can look like it’s climbing Mount Everest, 🏔️ but RSI might be wheezing at base camp. When price keeps going up but RSI says, “Nah, I’m done,” you’ve got RSI divergence, my friend. That’s your first red flag. 🚩
Think of RSI as your market mood detector. If it’s throwing shade, pay attention. 👀
What to watch for:
Price making higher highs while RSI makes lower highs. 📉
RSI hanging out near oversold like it’s got nowhere better to be. 😴
George says: When price and RSI don’t get along, something’s about to break—and it’s not your trading account if you play this right. 💸
💥 Step 3: Wait for the Trendline to Break—Patience, Grasshopper 🧘
Here’s the part where most traders mess up: impatience. They see a slight pullback and jump in faster than you can say, “margin call.” 😱 Don’t do it.
Wait for the trendline to snap like a cheap rubber band. ✂️ That’s your confirmation. Then, and only then, do you make your move.
The Setup:
Risk $1 to make $3. Always. 🤑 You’re not here to “just survive”—you’re here to thrive. 🌟
Use a stop-loss. Because “hope” is not a risk management strategy. 🤦
George says: A trendline break is like the market giving you a wink. 😉 Ignore it, and you’ll regret it.
Why This Works (and Why Most Traders Fail) 💡
This setup isn’t rocket science—it’s logic. 🤓 Spot the trend. Wait for the market to lose steam. Then confirm it with a trendline break. Simple, right? ✅ Yet 90% of traders will still overcomplicate it with 14 indicators, a gut feeling, and a sprinkle of overconfidence. 😵💫
But not you. You’ve got the plan, the patience, and now, the edge. 🔪
Final Words from George: 💬
Trading is like dating. If you’re too eager, you’ll scare off the good setups and end up stuck with losers. 😂 But if you wait for the right one—oh boy, it’s worth it. 💍 So, stop overthinking, trust the plan, and let the market come to you.
Now go out there and trade smart. And remember: Patience prints profits. 🖨️💰
Cheers to making the market your ATM. 🥂
PS: Risk $1, make $3. It's the kind of math we all like! 😏
GBPUSD Such a Easy Peezy Sell setupHello Guys just now i found one of the easiest setup forming for the downside target at 1.2614
entry can be taken just above 1.2688 level with a Strict stoploss at 1.2720 level.
Guys we are in the end of the week and we have already made a hell lot of move towards one direction, even we have a British pound GDP data release, setup is easy but please expect risk of retracement and keep risk low. However this is a perfect setup to go short with.
if any help needed or any query just a message away
Have a nice great day :)
Understanding GBPUSDToday we will be taking a closer look at understanding GBPUSD .
GBP
-no global business
-risk currency
-more linked to the UK economy, politics, central banking
USD
-global business currency
-safe haven globally
-Petrodollar
UNDERSTANDING THE CURRENCY PAIR
-we have to understand that within this pair “ GBPUSD ” one is a “ risk ” currency ( GBP ). ( USD ) is a “ safe haven currency ” and is also known as the world reserve currency. During times of economic uncertainty our doubt , or during any periods of times where we have more $ strength, which can be induced by the FED central banking, interest rate hikes and so forth, we will always have the $ dominate, even if the other currency can have some short term strength.
THE USD IS THE WORLD RESERVE CURRENCY
What does this mean?
-this means that the majority of INTERNATIONAL business is denominated in USD. We can see this very relevant when we are looking at the OIL industry and how oil is always exchanged in USD. Hence the name “PETRODOLLAR”.
GBP/USD "Cable" Bank Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist GBP/USD "Cable" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point.
Stop Loss 🛑: Recent Swing High using 2h timeframe
Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
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GBPUSD is in the Selling Direction after breaking suPportHello 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
GU imminent buys to sell idea?My analysis for GBP/USD (GU) is still bearish at the moment, as the DXY (Dollar Index) has been very bullish. Additionally, GU has broken structure to the downside, and there's a clean supply zone that aligns with this bearish trend. However, as price is currently in my demand zone, I will be looking for confirmation to buy temporarily for a retracement.
If price does not respect the 1-hour demand zone, I expect it to accumulate slowly, approaching the demand zone below. In that case, I’ll wait for the price to reach this lower zone before looking to buy. If this scenario doesn't play out, I will wait for the price to rally up and then look for short opportunities to sell again.
Confluences for a GU Long:
- The market has been very bearish, and a pullback is likely.
- There is a lot of liquidity to the upside, including Asia session highs and trendline liquidity.
- A clean demand zone lies below a liquidity level, offering potential buy opportunities.
- The DXY has left imbalances below due to recent news, suggesting the dollar could decline temporarily.
Note: If price rallies up and breaks the current high, I would expect an upward continuation, as there's significant liquidity being built up above for GBP/USD.
Wishing you a successful trading week ahead!
GBPUSD Top-down analysis Hello 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 SELL | Idea Trading AnalysisGBPJPY s moving to the upper boundary of the descending channel.
The volatility of the movement has decreased.
The price has reached the resistance level.
Hello 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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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
