Gbpusdshortsetup
GBPUSD: Cable woes continue?!GBPUSD
Intraday - We look to Sell at 1.1820 (stop at 1.1900)
Buying pressure from 1.1621 resulted in prices rejecting the dip. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. The trend of lower highs is located at 1.1901. Preferred trade is to sell into rallies.
Our profit targets will be 1.1600 and 1.1500
Resistance: 1.1840 / 1.2015 / 1.2155
Support: 1.1500 / 1.1330 / 1.1000
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FOREX SCHEDULEThe Algorithm is programed to this schedule:
5pm-12am
Morning Zone
12am-2am price will reach for buy or sell side liquidity (Scope Zone-Snipe Zone 1am-10am)
2am-2:30 Price will reverse and trend this way for the rest of the day.
When you know TIME then PRICE is predictable.
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GBPUSD sell watch as buyers struggle to hold a minor rally. Thanks for stopping by TradingView community. Today’s video update is on the GBPUSD as plenty of signs continue to tell us that price continues to sit in a downtrend. (last weeks LL after new LHs) At this point, we’re waiting for new evidence that Friday’s close lower could be a new extension lower.
First, we could see today’s rally fail and break Friday’s low setting of a potential sell signal. If we see a small higher close today, we would then look to see if tomorrow’s action can break that low, signalling a potential new sell signal.
If we see a rally today and price closes above 1.2355 we would start to question seller strength on the short term. UK inflation is hinted at possibly reaching double digits, and it currently sits in the 9% range, but fortunes still look to be driven by the USD. Despite a rally after the UK raised rates last week, we still saw declines on Friday after the USD rallied.
We hope everyone had a pleasant weekend and good trading.
GBPUSD | Good Sell Opportunity.When it comes to the technical analysis of GBPUSD , you might get an impulse to the downside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a sell opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area; which used to be a support area . And also don't forget to place the stop just above the entry area.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Next Week Be Ready..Hello Everybody
So I was doing my Analysis today and as expected GU is shifting in his bearish mod again
The original entry was missed on my side at the top of the shift, but it is never too late to hop on the train, so for the next week I'm expecting GU sell-off as marked some good Supply Zone's to look for shorts
Anything can happen of course but will we see a retracement to the 4h supply zone or will the 15-min supply hold give us new lows on GU I'm excited about the next week, enjoy your weekend
(On the Chart the PH stand for Protected High of the current TimeFrame and LQD is the Liquidity side we are targeting)
GBPUSD: Significant BreakdownThe British pound has broken down rather significantly during the course of the trading session on Thursday as we continue to see a lot of US dollar strength based upon “risk off” trading in general. At this point, the 1.34 level has been pierced quite significantly, and it now looks as if we are trying to break down towards the 1.32 level underneath, which was the recent low. We had been in a significant down trending channel, and now it looks as if the market is likely to continue to see quite a bit of that selling pressure as the initial breakout above the 200 day EMA looks to be a “false breakout.”
To the upside, if we can take out the 50 day EMA and/or the 1.35 handle, then you can make an argument for at least an attempt to get bullish, but the market is so bearish at this point in time I think it is difficult to get positive anytime soon. Ultimately, I do think this is a market that eventually goes much lower, due to the fact that the US dollar is strengthening against everything else, especially as we have seen so much in the way of hawkish attitude coming out of the Federal Reserve. If the Federal Reserve is in fact going to continue to tighten, and there is nothing that suggests they are not going to, it is likely that the US dollar will be a big winner.
Short-term rallies will almost certainly be selling opportunities in a market that has been bearish for quite some time, despite the fact that we did have a very significant move higher near New Year. While the Bank of England is likely to raise interest rates, they are not tightening in the same manner that the Federal Reserve is, and of course way and people start running for safety in a “risk off environment”, the US dollar is typically one of the first things they go running towards. The size of the candlestick for the trading session on Thursday is rather striking, and it does suggest that we are going much lower. I do believe that the British pound will maybe outperform some other currencies against the greenback, but that does not necessarily mean that that it will be positive. It just might be “less bad” than some of the others.
GBPUSDAccording to the technical analysis of the pair: There are new attempts for the GBP/USD currency pair to exploit the decline to form a buying base to return to the path of its last ascending channel. This requires more momentum factors, otherwise the pair will be exposed to more momentum to complete the recent selling operations. Bears eyes are currently on the 1.3330 support on the daily chart to confirm the strong and continuous control. On the other hand, the 1.3600 resistance will remain the most important for the currency pair's return to its last ascending channel.
GBPUSD On an important resistance areaHello dear traders, I decided to share my analysis of the GBPUSD with you...
GBPUSD On an important resistance area because :
1- Daily bearish channel roof.
2- 61.8 % of descending wave!
3- Static resistant area between 1.3570 to 1.36.
4- Hidden divergence in oscillators like RSI , Momentum.
5- Fundamental reasons for strengthening the dollar like the Federal Reserve's propensity for contractionary policies.
6- You add the following reasons!!
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I'm glad to see your likes and comments.
To contact me :sarikhani.finance@gmail.com
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Goodluck