GBPUSD Turning Point Level GBPUSD Turning Point Level
Trend trading
Prerequisites
1. Bearish trend
2. Price is near the upper trend level
3. The RSI indicator is overbought and is likely to form a divergence.
4. Horizontal level
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Gbpusdshort
GBPUSD Sell IdeaFX:GBPUSD
Howdy All,
I strictly trade technical analysis! Here's is the current set up I'm waiting for. I'm looking for some re-tracement before entering for a sell . As always I'll wait for price to reach the area of my Fair Value Gap and see how it reacts. Ideally, price will begin to wick and show rejection around 1.245 area before I'm comfortable selling.
I'm seeing support of 1.235, 1.221 and 1.207. If price can retrace to where my green box(FVG) is then my SL will be 1.252. Happy new year to all!
GbpusdGBP/USD struck a soft chord on Thursday, dumping over one percent on the outset of the new trading season and piercing through the 1.2400 handle for the first time in almost ten months. Market volumes remain thin following the midweek New Year’s holiday, but the orders coming through are on a decidedly risk-off stanceGBP/USD trades below the 20-period and the 50-period Simple Moving Averages (SMA) on the 4-hour chart, while fluctuating below the descending trend line coming from December 10. Although these technical signs suggest that the bearish bias remains intact, the Relative Strength Index (RSI) indicator recovers toward 50, reflecting a loss of momentum.
On the upside, 1.2540-1.2550 (20-period SMA, 50-period SMA) aligns as first resistance area before 1.2575 (descending trend line) and 1.2615 (100-period SMA). Looking south, supports could be spotted at 1.2500 (round level, psychological level), 1.2440 (static level) and 1.2400 (static level, round levelGBP/USD closed in the red on Monday and Tuesday, pressured by the broad-based US Dollar (USD) strength. Following the New Year break, the pair trades marginally higher on the day above 1.2500.
Safe-haven flows dominated the action in financial markets toward the end of the year and helped the USD outperform its rivals. In the European morning on Thursday, US stock index futures rise between 0.5% and 0.7%, pointing to an improving risk mood
GBPUSD: No Signs of Reversal, Downtrend Here to Stay?Hey Realistic Traders, Is FX:GBPUSD Downtrend Here to Say? Let's dive in
On the H4 timeframe, GBP/USD has consistently traded below the EMA-200 line, facing multiple rejections at this key level. We observed more than three attempts where the price tried to breach the EMA-200 but failed, reinforcing the continuation of the downtrend.
Adding to this bearish outlook, a breakout from a rising wedge and symmetrical pattern has occurred, both of which typically signal strong bearish momentum. Furthermore, the MACD indicator has formed a bearish crossover, providing additional confirmation of GBP/USD's downward trajectory.
Given these strong technical signals, I foresee a downward movement toward the target at Target 1.23640.
However, this bearish outlook hinges on the price maintaining below the critical stop-loss level at 1.26070.
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"Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on GBPUSD".
GBPUSD ShortBased on the previous analysis, I was anticipating that this pair will first go to the order block at 1.26 before going downwards.
According to the higher timeframe(Monthly), it seems that the HH of the month has already been formed, at 1.254, and I do anticipate that the price will be attracted to the Sellside liquidity at 1.23 and FVG at 1.198
Entry at 1.245, Target 1 at 1.23 Target 2 at 1.204 and Sl at 1.252.
GBPUSD Pattern FormationThis currency has been on a bearish run for the past few months.
If the price happens to STRONG breakout and close above the Daily Market Structure Shift,
then we can have a buy limit at the BISI FVG formed between 1.254 and 1.256.
If the price happens to wick above the Daily Market Structure Shift and close below it,
then we can have a sell order at Daily -OB at 1.25.
We will have entry positions using a smaller time frame
GBPUSD SELL IDEAThere are 2 entries as can be seen in this chart. The first is for scalpers to sell before the end of the day. The second is the main sell. Market makers would play around the first sell, causing a consolidation there that would probably end the days trade. Before going to grab liquidity at the open inefficiency for the final sell. Both options are accurate, but you risk more if you are not a swing or day trader at the first entry
GBPUSD Analysis: Anticipated Decline from Key Selling ZonesOn the H4 timeframe, GBPUSD is currently approaching identified selling zones, specifically Zone 1 at 1.2614 and Zone 2 at 1.2660. Anticipation is for a downward price movement initiating from either of these zones.
Projected price targets include:
Target Price 1 at 1.2447, expected to be reached within the forthcoming week.
Target Price 2 at 1.2301.
We will continue to monitor and update the chart dynamically as price action evolves.
My plan keep SELLING GBPUSD all timeframe*Notice: It is Xmas and New Year holiday so that the Market is very slow and low volume. (reduce volume on your trading position)
About this Plan for OANDA:GBPUSD today:
- I saw a strong downtrend structure on almost timeframe of GU : D1 - H4 -H1
- I saw Confirmed downtrend signal on H1 and also H2 timeframe
So I make this plan for SHORT GBPUSD today:
Entry Zone: 1.25200 - 1.25300
Stoploss: 1.25700 (=1R)
Target Expected:
target 1: 1.24500
target 2: 1.23500 (RR= 4.1)
Stop!Loss||Market Watch: GBPUSDStop!Loss||Market Watch: GBPUSD
In correlation with other foreign currencies, GBPUSD is in a downtrend phase against the U.S. dollar, having reached annual lows at extremes near the values of 1.2475.
In correlation with the previous forecast on EURUSD, the following possible scenarios for GBPUSD can also be predicted.
If the downtrend shows its strength, the rate decline may continue, which may be signaled by a downward breakdown of the year's lows at 1.2475.
At the same time, on the four-hour time-frame over the last few days we can identify the formation of a potential reversal formation of the “descending wedge - triangle” type, which ended with its upper directional breakdown.
Thus, if the rate continues its recovery and overcomes the resistance at 1.2615, and then breaks out of the downward channel of the last few months, it will serve as a technical signal to change the downtrend and further growth of the rate.
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GBP/USD Retests Broken Trendline: Sharp Fall Ahead?GBP/USD has broken below a strong rising trendline support and is now trading at a critical support zone.
The price is currently retesting the broken trendline.
If it fails to hold this key support, we anticipate a sharp decline in the coming sessions. Monitor this level closely for confirmation.
DYOR, NFA
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Goal 🎯: 1.23800 (or) Escape before the goal
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GBPUSD SELL | Idea Trading AnalysisGBPUSD is moving on support zone and and made a head & shoulder pattern
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current 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 ⚜️
Short Setup Limit order GBPUSD day trade before news👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 timeframe ICT Short setup in
GBPUSD for session trade (a couple of Hours)
Here is a session trade idea Sell limit order level for reference, TP and SL in pips
Cancel limit order before any great news in Forex.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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GBP/USD Sells from 1.2700 back downThis week, I expect GBP/USD to continue its downtrend, following a clear change in character and a break of structure on the higher timeframe, signaling bearish momentum. My primary plan is to wait for a retest of the 2-hour supply zone, located above the Asia high. Once the Asia high is taken, I’ll look for confluences to execute potential sell trades.
If the 2-hour supply zone fails to hold, I’ll shift my focus to the 10-hour supply zone, which represents a significant structural point. Should price distribute in this area, I’ll look for major sells to align with the prevailing bearish trend.
Confluences for GBP/USD Sells:
- Liquidity Below: There’s substantial liquidity to the downside waiting to be taken.
- Bearish Momentum: The pair has been bearish over the past two weeks.
- Break of Structure: Price has broken key levels to the downside on the higher timeframe.
- DXY Correlation: The dollar index (DXY) is aligning with this bearish setup.
- Key Supply Zone: A well-defined supply zone caused the initial downside move.
Note: As price approaches the 8-hour demand zone, I’ll also consider any long opportunities to take price up to the supply zone for a countertrend move, rather than waiting for bearish setups exclusively.
Fri 13th Dec 2024 Daily Forex Charts: 8x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 8x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a EUR/USD Sell, GBP/USD Sell, Silver Sell, AUD/CHF Buy, EUR/AUD Sell, GBP/AUD Sell, AUD/NZD Buy & CAD/CHF Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
GBPUSD – retesting the 200dma from below .. the week of 09 DecAfter being in bullish territory (above the 200dma) for over 6 months, this pair has broken below and on Fri, it retested (bounced off) the moving average. That is my reason #1 for a bearish bias.
#2 – The area around 1.2750 is a significant s/r & price has met with resistance here.
#3 – The bullish move we saw over the last 2 weeks was a retracement of the down move that began on 06 Nov.
#4 – This retracement of 50% coincides with the 1.2750 s/r level.
#5 – The weekly and daily chart are in complete alignment with this analysis.
#6 – The H4 chart shows how price has been moving in an equidistant channel during the retracement phase. Like most retracements, this move has been weak and shallow.
I believe that price will break out of this channel to the downside and the bearish move will soon continue. If this happens, price will also move below the 20sma. This will complete the picture I want to see for bearish price action.
I will place my stop above today’s daily pin bar and will initially target the 1.2340 region. My expectation is that this has the potential to be a prolonged bearish trend.
This is not a trade recommendation, merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
GBPUSD Sell AnalysisAs we didn't see a sharp bearish move to create a bearish OB, So I think the price will go higher to touch the supply area and then starts to go down sharply.
We have to wait for more confirmation...
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
GBPUSD Sell Limit OrderHi everyone.
I think with this bearish engulfing candle we have an area with a good potential to go short.
Lets see what happens...
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
GBPUSD Sell Limit OrderHi everyone.
I think with this bearish engulfing candle we have an area with a good potential to go short.
Lets see what happens...
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian