GBPUSD - Still bearish ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are still in a bearish market structure from 4H timeframe perspective, so I am looking for a short position. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 1.22500.
Fundamental analysis: This week we have a lot of important news on USD. Will be released Interest Rate followed by FOMC Meeting on Wednesday and on Friday NFP day. As well, on Thursday we will see the result of Interest Rate on GBP. Pay attention to the results in order to validate the analysis and try not to trade during the release of the news.
Like, comment and subscribe to be in touch with my content!
Gbpusdshort
GBPUSD Shorts towards 1.20400The Bias for this trade will follow the overall bearish market trend, hence why we will be looking for sells to continue in that same order flow. As of the current price we have two supply zones marked out (A) the refined 4hr supply zone and (B) is the 8hr supply zone at the top. I will be waiting for further confirmation like a re-distribution within the 4hr supply and a clean CHOCH to confirm sells however, there are imbalances above the zone so we can also expect that to get filled and then tap into our extreme 8hr supply at the top for a better sell setup to form. Either way, both targets are at 1.20400 which is at a liquidity point or just below where the daily imbalance is which still hasn't been filled.
My confluences for GBPUSD shorts are as follows:
- There is a 4hr supply zone & 8hr supply zone that has caused the CHOCH & BOS to the downside.
- Price has also swept liquidity from the left hence why we have broken into a bearish trend.
- There is a daily imbalance below that hasn't been mitigated as well as wicks in the form or liquidity that hasn't been taken.
- The GU market has been in a bearish trend overall on the higher time frames so we trading with the trend.
- Price is beginning to create lower lows and lower highs which has multiple small BOS's.
P.S. Scenario (A) which is the sell from the 4hr supply zone can be expected to play out during this week but scenario (B) might occur next week. We will see how NFP Friday plays out to give us a better insight into the direction of the market.
💡 GBPUSD: Wait to sell at the right opportunityThe most recent economic data indicates that the British economy is teetering on the edge of a recession, and members of the Bank of England may soon vote in favor of reducing interest rates. While the Bank of England is expected to maintain stable interest rates for an extended period, awaiting sufficient evidence to support multiple rate cuts, when these reductions do commence, they might be more significant than what the market anticipates. Current market expectations fall short of estimating the extent of rate cuts over the next two years, currently standing at just 85 basis points.
As observed on the H4 chart, the GBP/USD currency pair is declining after a brief recovery. Geopolitical uncertainties are prompting investors to seek refuge in the US dollar due to its attractive swap rates, which are bolstering the USD's position. Meanwhile, market attention is focused on the 1.2000 threshold, and a breach of this level could potentially pave the way for the exchange rate to regress to 1.1850.
GBPUSD 4H : Show bearish tendency GBPUSD
New forecast
The GBPUSD is trading with quiet negativity to test the 1.2104 level, and the price needs to breach this level and stabilize below it to confirm the continuation of the expected bearish wave, which aims the 1.2062 level as the next main station.
Therefore the downward trend scenario will be remain valid supported by Moving average 50 continues to support the expected downward trend, taking into account that breaching 1.2125 and holding above it will stop the proposed decline and push the price to attempt recovery.
The expect range trading for today it will be between the resistance line 1.2156 and support line 1.2062.
support line : 1.2104 , 1.2062
resistance line : 1.2155 , 1.2192
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD shortR1 entry.
Entry order let's the market take me in instead of forcing an entry.
Target is 2% or bust. Hold until trade hits 2% or hold until full 1% loss. I would argue that putting your SL at BE once price hits 1% is a good risk management method but it can build bad habits. this trade for example would be close at BE already.
GBPUSD I Technical analysis for week of October 29Welcome 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBPUSD SELLING MORE TILL STRONG SUPPORT ZONE !!!HELLO TRADERS,,
As i can see this chart GBPUSD is still showing us a bearish trend continuation with technical view we always try to draw a very simple chart for our community to understand levels and trends easily we appreciate Ur support and love kindly share Ur trade ideas with us so it will be help full for trader community ...
Stay Tuned for more updates
EURUSD and 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 4H completes a negative combinationHello traders,The pound sterling pair against the dollar shows more bearish tendency to exceed the 1.2100 barrier, reinforcing expectations of a continuation of the downward trend during the coming period, and the way is open to achieving our expected negative target at 1.2049 , noting that breaking it will extend the bearish wave to reach the 1.2000 areas in the near term.
The moving average 50 constitutes negative pressure that supports the continuation of the proposed bearish wave, which will remain in place provided it remains below 1.2110, as breaching this level represents a positive factor that will lead the price to recover again and head towards 1.2139 and then 1.2171 as major positive stations.
Pivot Price: 1.2100
Resistance prices: 1.2139 & 1.2171 & 1.2221
Support prices: 1.2049 & 1.2000 & 1.1949
The general trend expected for today: bearish
Sell Under
tp:1.2049
GBPUSD 4H : Under sell pressure GBPUSD
New forecast
The pound sterling pair against the dollar shows more bearish tendency to exceed the 1.2106 barrier, reinforcing expectations of a continuation of the bearish trend during the coming period, and the way is open to achieving our expected negative target at 1.2062, noting that breaking it will extend the bearish wave to reach the 1.2016 areas in the near term.
The moving average 50 constitutes negative pressure that supports the continuation of the proposed bearish wave, which will remain in place provided it remains below 1.2122, as breaching this level represents a positive factor that will lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.2122 and support line 1.2062.
Additionally ,Today News will affect the market .
support line : 1.2062 , 1.2016
resistance line : 1.2106 , 1.2122
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD and AUDUSD 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: Next prediction💡Sterling strengthened after UK September services PMI was revised to 49.3 from the preliminary forecast of 47.2 - a forecast that may have influenced one or more of the Bank of England's five monetary policy committee members who voted to keep rates on hold last month member.
💡After the Bank of England kept interest rates unchanged in September, IMM speculators entered a net short position in the pound for the first time. As of the week of October 17, the net short position in the pound rose to 11,209 contracts.
GBPUSD LONG TERM BUY Trading 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 4H Midday update GBPUSD
stabilizing above 1.2172 will support rising to touch 1.2251 then 1.2322 then 1.2417
stabilizing under 1.2127 will support falling to touch 1.2122 then 1.2072
pivot price: 1.2127
Resistance prices: 1.2251 & 1.2322 & 1.2417
Support prices: 1.2122 & 1.2072 & 1.2037
The general trend expected for today: bearish
timeframe: 4H
GBPUSD Trade Signal Timeframe: 1H ?GBPUSD Trade Signal Timeframe: 1H
#Forex #GBPUSD #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve
Hey traders! 👋 Let's dive into a potential trading opportunity on the GBPUSD pair using technical analysis. 📊
📉 Previously Bearish Trend:
Firstly, on the 1H- timeframe, we've been witnessing a Bearish trend in the GBPUSD pair. 🐻
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bearish bias.
📈 Entry Price: 1.21721
🎯 Stop Loss Level: 1.21930
🚀TP1: 1.21516
🚀TP2: 1.21306
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
💡 GBPUSD: Failed to break the block, turned back down💡 Stronger-than-expected UK inflation data raises the risk that the Bank of England may need to raise interest rates again or that interest rates may remain high for longer, followed by a rise in UK government bond yields . The CPI data will only put more pressure on the BOE's Monetary Policy Committee in deciding whether to continue to put pressure on interest rates to bring inflation down to an acceptable level.
💡 We can see that GBP/USD attempted a breakout but failed due to strong resistance from the 48-hour moving average on the H4 chart. On the other hand, the MACD double line and histogram bar are moving below the zero axis, which is a sign of a continued downtrend.
GBPUSD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPUSD
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 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰