GBP USD TRADE SET UP GBP USD is falling from a supply level, a short sell has been executed now we wait for market probabilities
Gbpusdshort
GBPUSD I Retest of previous structure broken I SHORT 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: Emerging market currencies see limited gains aheadMost emerging market currencies are not expected to recover this year's losses against the dollar in the coming months, according to a recent poll of foreign exchange strategists. The poll, involving 50 FX strategists, suggests the possibility of aggressive interest rate cuts by the US Federal Reserve, weighing on the performance of these currencies.
A basket of emerging market currencies, which ended last year at a high, has since lost momentum, falling 1.2% on higher US Treasury yields. This downturn was attributed to better-than-expected US economic data and hawkish statements from Federal Reserve policymakers, leading to reduced interest rate cut expectations. As a result, the dollar index has increased 3% in just a few weeks.
MY Trade Plan: Short/Sell GBPUSDMy Trading plan:
I will short GU around 1.26235
I will trail it to 1.24400 (2nd Target) but will load off some around target 1. Stop loss is around 1.26684.
Reasons for shorting:
1. Retracement
2. Strong Resistance
3. Bearish trend
Disclaimer:
I am just sharing my trading idea. Also do your own analysis before taking any trade. Trading is very risky.
potential sell from supply zone | GBPUSDGBPUSD still on weekly supply zone then creates a potential supply zone nested in weekly supply area.
i expect price to further fall to the downside into 1.25616 - 1.25023 demand zone.
GBPUSD Bearish Momentum (Dow, Divergence & Resistance Broke)GBPUSD shows a bearish momentum on daily TF based on:
Dow Consecutive two LHs and LLs
Daily Divergence
Printed high volume bearish candle yesterday that broke previous resistance and confirms price action in bearish momentum
** Trade Plan**
Placed Sell Stop instead CMP as possible chance-
-price might retraced to previous resistance
Placed TP between 50 to 61.8% Fib Level
Placed Stop Loss at previous LH
GBP/USD H4 Triangle BreakoutGBP/USD H4 Triangle Breakout Hints at Downside: Potential Sell Opportunity Emerges
The GBP/USD pair on the H4 chart exhibits a bearish signal suggestive of a potential decline in the coming hours. A recent downward breakout from a symmetrical triangle pattern could offer a shorting opportunity.
Key Points:
Triangle Breakout: The price has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break below the lower support line at 1.2650 signifies a shift in momentum towards the downside.
Sell Entry: Consider entering a short position around the current price of 1.2650, offering an entry point close to the breakout level.
Target Levels: Initial bearish targets lie at the support levels of 1.2422 and 1.2317, marking previous support zones within the triangle.
Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the broken triangle at 1.2800
Fundamental Updates :
January 2024: The NFP report exceeded expectations, showing a gain of 353,000 jobs despite forecasts of 180,000. This robust job growth suggests a strong US labor market and could support the USD by Reinforcing expectations for continued Fed rate hikes: A hawkish Fed stance strengthens the USD against other currencies.
US Consumer Price Index (CPI) (Feb 14): A higher-than-expected inflation reading could strengthen the USD as the Fed might be pressured to raise rates further. Conversely, a lower reading could offer some support to the GBP.
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GBPUSD M30 / OB Taken, Looking for a Long Entry Confirmation 📈Hello Traders!
This is my idea related to GBPUSD M30. I like the reaction from the OB, and I expect another bearish move before going bullish. I expect also that BOSS will be taken and after that, I will look for a long entry.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GBPUSD CONFIRM BUY TODAY GBP/USD lost nearly 1% on Friday and registered losses for the week as the US Dollar (USD) rallied on the back of the impressive labor market data for January. The pair holds relatively steady slightly above 1.2600 early Monday but the near-term technical outlook highlights a lack of buyer interest.
Nonfarm Payrolls (NFP) in the US increased by 353,000 in January. Additionally, the Bureau of Labor Statistics announced that it revised the November and December prints by a total of 126,000. In turn, the benchmark 10-year US Treasury bond yield surged above 104.00 and the USD Index, which tracks the USD's performance against a basket of six major currencies, rose more than 0.8% and touched its highest level since early December above 104.00.
GBPUSD: 1000 pips Swing Selling Idea, What do you think? FX:GBPUSD
Dollar influenced in the beginning of the year is extreme probably after the major holidays, market moved back to normal level of volume. DXY is bullish because of news coming ahead in this week and other reason was most of the usd pairs were overbought such as gbpusd and eurusd.
GBPUSD dropped heavily since yesterday and we expect price to continue dropping to level up the market equilibrium. Enter now with your suitable stop loss to get most out of this chart analysis.
Please like the idea if you agree with it.
#GBPUSD: Update 1000 PIPS Idea is Still ValidDear Traders.
Our last idea on FX:GBPUSD we had given you an important update that price will go slightly higher around 1.2760 and then reject from there and price did the exactly same thing. Here is second update, price may touch 1.2702 area once again and then drop heavily or drop straight from this point. We will have to wait and see how DXY holds up the bullish momentum. If it continue the bullish momentum then we can see GBPUSD drop even below in short time.
Let us know what all you think about GBPUSD ?
GBPUSD | H4 | Trade Alert [Update]Initial position on GBPUSD taken out by a small margin as market headed up to touch our diagonal resistance which was created by our ascending channel which can be identified on our H1 & H4 timeframes within our overall larger structure which is currently in a consolidation(invalidating LTF QML formation). I’ll be entering a new sell position at 1.27518 with stops at 1.27924 (-41 pips) at final take profit at 1.25252 (+226 pips) giving us a 1 : 5.5 risk reward ratio. Should my orders not be triggered and price start trading above 1.28xxx I’ll be removing all pending orders while waiting for the market to give clear direction as we’re currently trading within a larger consolidation.
GBPUSD - Wild Swing after Cut VoteI followed the BoE meeting this morning. I'm not surprised to see officials voting for cuts already, and I believe the 2 votes for "hike" are more symbolic than actual, as the only possible option was maintaining the current rate.
Technically, all the movements happened post 10, or when Chicago PMI got released. GBPUSD is more pushed by the bullish indices(which I am referring to Nasdaq, SPX, not FTSE100), and not really from a fundamental perspective.
Again, I believe it is a good opportunity to short. The dollar index looking good, and GBPUSD is at a position where a breakout is likely to take place, which I believe, is a downward breakout.
Keigu,
GBP/USD Ready To Go Down 300 Pips, But Need 1 Confirmation FirstThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD → Day Analysis | Sell SetupHello Traders, here is the full analysis.
If it continue the bullish momentum then we can see GBPUSD drop even below in short time. 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 - SHORTThis is how i got the GBPUSD iDea.
So i believe the price is going to Drop.
What are your thoughts on this ???
GBPUSD - SHORTGBPUSD has been ranging for over a month now, but with the NFP outcome lastweek and the US pairs rallying, we are more likely to see a break to the downside.
Thoughts ???
GBPUSD SELL opportunity 1.2610 TP 1.2334GBPUSD SELL opportunity 1.2610 TP 1.2334
GBPUSD BUY opportunity 1.2655 TP 1.2757
GBPUSD BUY opportunity 1.2535 TP 1.2635
Confirmation after the breakout support level.
If Broke through support will reach to next support level 1.2370. The Current Resistance level is 4H 1.2827 and support is 1.2501
GBPUSD SHORT - BREAKOUT SOON!Waiting for a break and retest at 1.26124 to short GBPUSD back to Daily ley level at 1.24481
If you agree drop a like and if you have any questions leave a comment :)
GBPUSD SELL ANALYSIS Here GBPUSD has made a rebound on psychological level of 26500 it likely that price want to move down a bit. Look at the overall trend we can see that is uptrend . So price might touche the pyschological level of 27000 before continue it upward movement . So going for short is needed and target profit at around 27000
Tricky Moves for GBPUSDPure technical analysis.
After making a bullish move from November 23, 2023, GBPUSD has completed Elliott Waves (first 12345), and then made a sideways movement since mid-December 2023. In this sideways movement, GBPUSD made micro-Elliott Waves and has completed them. The extension of this wave is predicted to complete leg 3 of the second 12345 waves in the range and reverse downwards.
On this large time frame (D1/H4), this is a retracement to the bullish wave in the previous large time frame. In the small time frame (H1), this is an opportunity to sell GBPUSD into the 0.618 Fibonacci zone of the large time frame, which is the flip zone area as well as the area that still leaves an imbalance wide enough to be filled.
Another reason to sell is the divergence on the oscillator which indicates buyers are starting to get exhausted.
To enter, wait until the price reaches the middle or top of the range, where there is a lot of equal high liquidity (range 1.27100 - 1.28250). Pay attention to price movements in smaller time frames (M5 - M15) to get an entry sell position. We prefer to enter at the 1.27040 level or higher and aims for 2R to the support zone at 1.23710 that acted as 0.618 fib level of the higher time frame, as well as the former bullish flip zone. Stop loss is at 1.28700 to avoid stop loss hunting/purge.
Cancel the setup if the price exceeds 1.28166 with high volume.
Note: if the price reaches take profit and shows reversal symptoms, take a buy position. Analysis will be provided later.
GBPUSD Day Analysis | Sell Setup| Bearish is comingHello Traders, here is the full analysis.
This is my current view on GBPUSD. Price is hovering around our entry zone. Possible strong bearish movement expected! Keep an eye out. A good entry now with accurate stop loss can be a good one.
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
GBPUSD SELL NOW guy's don't miss this GBP/USD gathered bullish momentum and closed in positive territory on Thursday after dipping below 1.2650 with the immediate reaction to the Bank of England's (BoE) policy announcements. The pair holds its ground in the European session on Friday and trades modestly higher on the day above 1.2750.
The BoE maintained the bank rate at 5.25%, as expected, following the first policy meeting of the year. The BoE dropped the statement that read "further tightening in monetary policy would be required if there were evidence of more persistent inflationary pressures" but said that they need more evidence that inflation will fall to the 2% target and stay there before cutting rates.
GBPUSD SELL NOW 1.27569
CONFRIM TARGET 1.26515
