Gbpusdsignal
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.
GBPUSD: 500 PIPS SETUP❤️Dear Traders, USD has been strong lately and market has been messy due to recent economic data, however, after todays strong GBP news we think in coming weeks GBP will be extremely bullish whereas we expect DXY to remain bearish for longer term. Let’s wait and see how it works out.
Our main aim here is to wait for price to come to our area which has higher possibility that it may drop hard later this week. If not price may break -through trend-line.
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.
GBPUSD Technical Analysis and Trade IdeaThe GBPUSD currency pair is currently experiencing downward pressure and has reached a significant support level. In the accompanying video, we will explore a couple of trading ideas that relate to a potential selling opportunity. Our discussion will encompass various elements of technical analysis, including analyzing the prevailing trend, assessing price action, evaluating market structure, and addressing other critical aspects. I want to emphasize that the video content is provided for educational purposes only and should not be considered as financial advice. Trading in the currency markets carries inherent risks, so it is imperative to implement robust risk management measures to safeguard your capital.
GBPUSD 06/09 MovePair : GBPUSD ( British Pound / U.S Dollar )
Description :
Completed " ABC " Correction in Corrective Pattern " Symmetrical Triangle ". We have Bearish Channel in Long Time Frame , If it Reject from Fibonacci Level - 78.60% or We have a Break of Structure then we can Buy after Bullish Confirmation Price Action
GBP/USD Navigates a Sea of Uncertainty Amid BoE Rate HikeThe GBP/USD currency pair is trading near a multi-month low, constrained by BoE rate hike prospects and a strong U.S. Dollar. Key technical resistance and support levels are identified at 1.2630 and 1.2530 respectively. The market awaits cues from BoE's Policy Hearings and U.S. ISM PMI, as looming recession risks temper bullish sentiments.
TRADE IDEA DETAILS
CURRENCY PAIR: GBP/USD
CURRENT TREND: Bearish
TRADE SIGNAL: Sell
👉ENTRY PRICE: 1.2570
✅TAKE PROFIT: 1.2530
❌STOP LOSS: 1.2600
ANALYSIS:
Current fundamentals and technicals both indicate bearish tendencies for the GBP/USD. The pair is hovering around 1.2570, near a multi-month low, with significant resistance at 1.2630. With strong USD due to Federal Reserve's policies and upcoming BoE rate hikes, the pair is likely to face downward pressure.
TRADE PLAN:
Enter the sell trade at approximately 1.2570.
Set the Take Profit at the immediate support level of 1.2530.
Set the Stop Loss at 1.2600 to protect against any unexpected bullish reversals.
Monitor during the BoE's Monetary Policy Report Hearings and U.S. ISM PMI for any shifts that could invalidate the current bearish outlook.
FINAL THOUGHTS:
The current market sentiment, fundamentals, and technicals all support a bearish outlook for GBP/USD. This trade idea aims to capture the likely downward movement in the short term. However, it's essential to keep an eye on upcoming economic indicators to mitigate risks.