GBPUSD I Price in correction and headed for support buy zoneWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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Gbpusdsignal
Strong drop possible on GBPUSDAfter a strong rejection from monthly resistance GBPUSD has changed it's local uptrend to downtrend. The price has grabbed liquidity multiple times and started to drop to order block.
as currently the price is breaking below the support, on a retest a short trade is high probable.
GBPUSD analysis new weekFundamental analysis:
GBP/USD ended the trading session high in a two-week rally as the US dollar generally came under pressure from investors who flocked to hopes of a Federal Reserve cut. interest rates in September. Markets are ignoring the unexpected rise in wholesale inflation according to the Producer Price Index (PPI).
Despite a significant increase in manufacturing-level inflation, market attention turned to the decline in Consumer Price Index (CPI) inflation at the start of the week, leading to higher expectations of a rate cut capacity.
Next week, the Pound will face the UK Consumer Price Inflation Index (CPI), scheduled for release next Wednesday. UK Labor and Retail Sales data will be released in the second half of the week, and on the Greenback side, US Retail Sales will decline to start the week on Tuesday.
Technical analysis:
GBPUSD is rising within the range, approaching this year's high at 1.30000. Since breaking this peak of 1.28900 GBPUSD has received bullish confirmation, opening up the next upside target at the highs highest in a year. In the long term, GBPUSD is still in a strong uptrend and has not shown signs of recovery, showing the possibility of price increases to a higher level. A decisive break above the 1.30000 high would open up targets at 1.31200. The recovery can find the important support areas breaking out 1.28600 and deeper into the strong support area of the two EMA lines around 1.27100.
Support: 1.28500-1.27100
Resistance: 1.30000-1.31200
SELL GBPUSD zone 1.31200-131400 Stoploss 1.31500
BUY GBPUSD zone 1.28500-1.28300 Stoploss 1.28200
1-Hour Chart Analysis GBPUSD Visit fourtrades website for daily and 4h chart breakdown link in the bio
The 1-hour chart provides a closer look at the short-term dynamics. The price recently broke above a descending trendline, suggesting a potential short-term bullish reversal. However, the price action remains choppy, with several resistance and support levels to watch.
Key Observations:
Immediate Resistance: The 1.2950 level is a key resistance point. A break above this level could lead to a test of 1.3000.
Support Levels: Immediate support is around 1.2920, with stronger support at 1.2900.
Conclusion
The GBP/USD pair is currently at a critical juncture. The daily chart shows a well-defined ascending channel, with the price testing key resistance levels. The 4-hour and 1-hour charts indicate potential bullish momentum, but significant resistance levels need to be cleared for a continuation of the upward trend. Traders should closely watch the 1.2900 support level and 1.2950 resistance level for potential breakout or breakdown scenarios
GBPUSD:300+ Pips A Great Buying Opportunity!Dear Traders,
GBPUSD has recently completed its corrective phase and is currently poised to establish a new yearly high. The overall bullish trend remains intact, and we anticipate further price appreciation in the coming days. However, it is important to note that several significant news events are scheduled for this week and next, which could introduce volatility into the market. Therefore, we recommend employing prudent risk management strategies when trading this pair.
Good luck and trade safe!
GBP/USD !! Touching the EMA, the price decreases⭐️ Smart investment, Strong finance
⭐️ GBP/ USD INFORMATION:
The Pound Sterling (GBP) fails to extend a slight recovery above the immediate resistance of 1.2930 against the US Dollar (USD) in Monday’s European session. The near-term outlook of the GBP/USD pair has become uncertain after a corrective move from an annual high of 1.3044 recorded last Wednesday. The Cable faced selling pressure as improved speculation for Donald Trump winning United States (US) presidential elections this year prompted the US Dollar’s appeal.
⭐️ Personal comments NOVA:
Notice that the H1 frame touching the EMA is still in a downtrend - SELL NOW price range 1.29300
🔥SELL GBP/USD zone: 1.29300 - 1.29500 SL 1.29800
TP1: 1.29000
TP2: 1.28600
TP3: 1.28300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
7 Dimension Buy Setup For GBPUSD Core Analysis Method: Smart Money Concepts
😇7 Dimension Analysis
Time Frame: 15 minutes
1: Swing Structure: Current structure shows a Bearish Side CHOCH, but in a broader view, this is just a liquidity sweep character. After tapping the liquidity area, the price gives a strong MSS and inducement. After that, the price also takes this minor structure POI and now starts an upward move again. At the same area, the price also sweeps the previous day's low liquidity.
🟢 Structure Behavior: Bullish
🟢 Swing Impulsive Move: Just started
🟢 Internal Structure: Bullish
🟢 Liquidity area sweep acts as POI in a powerful discounted zone
2: Pattern
🟢 CHART PATTERNS: No considerable pattern found here
🟢 CANDLE PATTERNS: After a Record Session count, the price makes a correction within the candle pattern. During correction at the same level, the price also makes a shooting star, ending the correction sign of the candle. Within the shooting star, an inside bar or narrow range is created, most probably it will break to the upside.
3: Volume
🟢 During the correction phase of the 15-minute structure, very low volume is observed in this corrective move. But now, when it touches the POI, a significant increase in volume bars is seen, indicating some big activity at this point.
4: Momentum RSI
🟢 In bearish to sideways zone, need to wait for confirmation of the range shift. At the same level, it also has an 80% confirm signal called RSI loud moves in the bullish side and 7* signal Grandfather father son entries (Andrew Cardwell RSI Concepts).
5: Volatility Bollinger Bands
🟢 At this point, expansion might be ending; now the price might take some rest before starting its move.
🟢 A bullish head fake also at the POI makes this area more attractive for buying.
6: Strength: GBP is stronger than USD in this time frame.
7: Sentiment: All sentiment indicates a strong buy.
✔️ Entry Time Frame: 15 minutes
✅ Entry TF Structure: Bullish
✔ Entry Time POI: FVG OB LIQ Everything confirm and mitigated
☑️ Trend line breakout: Confirm
💡 Decision: BUY
🚀 Entry: 1st 1.2962, 2nd 1.2941
✋ Stop loss: 1st 1.2923
🎯 Take profit: 1.3060
😊 Risk to reward Ratio: 6.5 RR
🕛 Expected Duration:
GBPUSD ( BULLISH ) ( 4H )GBPUSD
HELLO TRADERS
TENDENCY : the price stabilizing above turning level , indicates is under bullish pressure .
TURNING LEVEL : the price around 1.294 .
PRICE MOVEMENT : the price in previously it can be a strong rising and created a new historical peaks , currently price 1.296 , as long as the price stabilizing above turning level reach a resistance level my goal 1.298 , 1.303
PRICE ACTION :
LONG CONDITION : until the price trading above this level reach a resistance level at 1.298 , then stable this level created a new resistance level at 1.303 .
SHORT CONDITION : if the price breaking turning level at 1.294 , reach a support level at 1.290 , then breaking this level reach a next support at 1.285
TARGET LEVEL :
RESISTANCE LEVEL : 1.298 , 1.303 ( new resistance level ) .
SUPPORT LEVEL : 1.290 , 1.285 .
XAUUSD 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.
DeGRAM | GBPUSD pullback from the channel boundaryGBPUSD is moving in an ascending channel above the trend lines.
The chart has reached the upper boundary of the channel and is now trading near the resistance level.
We expect a pullback after the end of testing the current level.
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GbpUsd could rise above 1.3After the false break of support in mid-April, GBP/USD recovered and has risen to resistance once more.
The recent correction is now over, and the price has formed a higher low at the end of June and the start of July.
At this moment, a break above resistance seems imminent, and the price could continue to rise above 1.3. The next technical resistance level is at 1.3150.
I remain bullish as long as the 1.2650 level remains intact.
GBPUSD ( UNDER BULLISH PRESSURE ) ( 4H )GBPUSD
HELLO TRADERS
Tendency under bullish pressure after the price breakout resistance trendline
TURNING LEVEL : a blue line between resistance and support level around 1.276 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a green line around 1.281 and 1.285 , indicates selling have already increase this level , so if the price stabilizing turning level reach this target
SUPPORT LEVEL : there is a red line below turning level around 1.268 and 1.264 , indicates buying have already increase this level , so if the price breaking turning level reach this targets
PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 1.276 , after rising to the resistance level around 1.281 , then stable above this level reach 1.285 ,
if the price breaking turning level reach a support level at 1.268 , then stabilizing below this level reach a 1.264
TARGET LEVEL :
RESISTANCE LEVEL : 1.281 , 1.285
SUPPORT LEVEL : 1.268 , 1.264
GBPUSD analysis week 28☘️GBP/USD rebounded above 1.2800 supported by revived interest rate cut hopes. Investors are betting that the Federal Reserve (Fed) will be pushed further to cut interest rates in the third quarter after US Nonfarm Payrolls (NFP) labor figures showed issued a misprint, beating forecasts but with a large revision from previous figures.
☘️The most recent UK Parliamentary election took place and ended with little volatility in the markets. GBP traders will have to do their best to wait for next week's UK Industrial Production figures for May, which are expected to recover from April's sharp decline.
☘️The pair is climbing to the resistance level of 1,280 and shows signs that a strong breakout could continue next week. Some further buying should break the nearest resistance level and push the pair back to two-week highs around 1,285. The circular resistance zone around 1,290 will be where GBP investors look to take profits when the price slides to this zone. In the opposite direction, the pair may still need a recovery to continue maintaining its stable uptrend. The first support level is around 1,276 where there is strong support from the two EMA 34 and EMA 89 lines. The price can retreat more strongly to the support area of 1,271 retracement points of Fibonacci 0.5 and is the break out area from downtrend.
Support: 1,276-1,271
Resistance: 1,285-1,289
Trading signals
SELL GBPUSD zone 1.28-1.290 SL 1.292
BUY GBPUSD zone 1.271-1.269 SL 1.267
GBPUSDThe GBP/USD pair is exhibiting a bearish trend on the daily timeframe, forming a symmetrical triangle. The completion of the Elliott Wave 4 at the resistance trendline, coupled with the formation of a double top, suggests a potential move towards the Elliott Wave 5 on the bearish side. This confluence of patterns indicates a strong likelihood of further downside movement.
GBPUSD : Sell and Long opportunities for upcoming week !!!Hello traders, hope you doing great.
for upcoming week, we'll have two option based on specified levels.
The first one is waiting for blue zone and take long, and the second one is waiting for red zone and wait for confirmation of sell.
so we have to wait and see what will happen.
and finally tell me what do you think? leave your comment below .
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Thanks.
GBP FACES CHALLENGES IN THE 3RD QUARTERGBP FACES CHALLENGES IN THE 3RD QUARTER
Pressure is mounting at the GBP withinside the 1/3 area as hobby price cuts are sooner or later considered, whilst the United Kingdom trendy election reasons a bout of volatility and weak point withinside the GBP, with the Conservative Party in power. recorded the bottom consequences in decades. The Labor Party gained a landslide victory withinside the July four election. With the brand new government`s spending plans nevertheless unclear, buyers might also additionally live farfar from GBP and GBP-denominated assets, till while the monetary state of affairs is extra stable.
UK INFLATION: TARGET ACHIEVED, BUT DIFFICULTIES STILL REMAIN
The UK reached a key monetary milestone in May while inflation information hit the BoE's goal. For the primary time in almost 3 years, UK headline inflation fell to 2%, in step with the BoE's long-time period goal and staining a outstanding turning factor withinside the nation's combat in opposition to growing rate pressures .
Core inflation - which includes meals and energy - additionally fell from 3.9% to 3.5%, whilst offerings inflation fell from 5.9% to 5.7%, proper on target however nevertheless worryingly excessive for the BoE.
GBPUSD | Big Short coming
We're anticipating a big short coming in GBPUSD.
I added 2 possible main swing trades. Each one have a backup entry in case the main one failed to move in our direction.
#1st Main trade will be as below:
- Entry Price: 1.28159
- Take Profit: 1.27296
- Stop Loss: 1.28260
- R2R: 1:8.5
#Backup for 1st Main Trade in case it hit SL:
- Entry Price: 1.28260
- Take Profit: 1.27296
- Stop Loss: 1.28360
- R2R: 1:9.6
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#2nd Main trade will be as below:
- Entry Price: 1.28525
- Take Profit: 1.27293
- Stop Loss: 1.28675
- R2R: 1:8.2
#Backup for 2nd Main Trade in case it hit SL:
- Entry Price: 1.28675
- Take Profit: 1.27296
- Stop Loss: 1.28896
- R2R: 1:6.3
GBPUSD I Potential short-term pullback and more growthWelcome 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!Welcome back! Let me know your thoughts in the comments!
GBPUSD BUY | Idea Trading AnalysisGBPUSD is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY 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 ⚜️
DeGRAM | GBPUSD pullback from resistanceGBPUSD is moving between trend lines above the ascending channel.
The chart has reached the resistance level, which has already acted as a pivot point.
The price has touched the dynamic resistance.
We expect a pullback after the resistance retest.
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