GBPUSD SELL PossibleDetailed GBP USD forecast as well as a British Pound US Dollar technical analysis via moving averages, buy/sell signals, and common chart indicators.
Gbpusdtrade
GBPUSD
In the 4-hour timeframe, GBP/USD appears to be favoring a short-term selling position following the completion of Elliott Wave's C point and a breakout below the ascending trendline. The price is currently forming an Elliott Wave pattern with waves 1 to 4 complete, featuring a 50% retracement. With the price now moving towards the 5th wave, traders may consider shorting opportunities to capitalize on the anticipated continuation of the downtrend.
GBPUSD Local Long!GBPUSD is trading along
The rising Chanal
And the pair has retested
The line so as we are already
Seeing a bullish rebound
A further local move up
Is to be expected !
💡 GBPUSD: Forecast March 25GBPUSD fell sharply in the last session after creating a bearish engulfing candlestick pattern. Currently, the resistance level of 1.26 is showing signs of being broken, selling pressure is still very strong, continuing to expect the price to go down in the short term, The target is still around 1.25xx. The position to enter a sell order at this time is not good. You should wait for a rebound to the 1.27xx area before considering entering the order.
💡 GBPUSD: Forecast March 26GBPUSD also had a downward move in the last session, but it has not changed the situation, corrections can bring buying opportunities with better entry points, you can look for opportunities when the price retests. Check the 1.25xx conversion level, target around 1.2800
Setting stop-loss and take-profit levels on TradingViewSetting stop-loss and take-profit levels on TradingView is a straightforward process. Here's how you can do it:
**1. Open a TradingView Chart:**
- Log in to your TradingView account and open the chart for the instrument you want to trade, such as GBP/USD.
**2. Draw a Long or Short Position:**
- Click on the "Trading Panel" icon located at the bottom of the chart.
- In the trading panel, select either "Long" or "Short" to initiate a buy or sell position, respectively.
**3. Set Stop-Loss and Take-Profit Levels:**
- After opening a position, you can set stop-loss and take-profit levels directly from the trading panel:
- **Stop-Loss:** Click on the "SL" button and enter your desired stop-loss price level. This is the price at which your position will automatically close to limit potential losses.
- **Take-Profit:** Click on the "TP" button and enter your desired take-profit price level. This is the price at which your position will automatically close to lock in profits.
**4. Adjust Stop-Loss and Take-Profit Levels:**
- You can adjust stop-loss and take-profit levels by clicking and dragging the stop-loss and take-profit lines directly on the chart.
- Alternatively, you can modify the stop-loss and take-profit levels from the trading panel by clicking on the "Edit" button next to the respective level and entering a new price.
**5. Confirm and Execute the Order:**
- Once you've set your stop-loss and take-profit levels, review your order details in the trading panel to ensure accuracy.
- Click on the "Place Order" button to execute your trade with the specified stop-loss and take-profit levels.
**6. Monitor Your Position:**
- After executing your trade, monitor your position on the chart.
- Your stop-loss and take-profit levels will be displayed as lines on the chart, making it easy to track their progress.
**Note:**
- Ensure that your stop-loss and take-profit levels are set at logical price points based on your trading strategy, risk tolerance, and market conditions.
- Remember that stop-loss and take-profit orders are executed automatically when the specified price levels are reached, even if you're not actively monitoring the market.
Optimizing and refining trading strategiesOptimizing and refining trading strategies is a continuous process that involves analyzing historical performance, identifying areas for improvement, and making adjustments to enhance profitability and reduce risk. Here's a step-by-step guide on how to optimize and refine your trading strategies:
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GBPUSD SELL | Day Trading AnalysisHello 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.
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💰
GBPUSD: GBPUSD commentary todayThe USD stabilized after the DXY index ended the week at a record high in more than a month, approaching its 2024 peak.
The dollar has strengthened recently, contrary to expectations that the greenback would weaken as the Fed moves closer to cutting interest rates. Now, expectations of interest rate cuts by other central banks are also helping to support the currency.
Investors will be watching a flurry of inflation data around the world this week, including the Fed's key inflation measure on Friday, which is expected to continue to run hot in February. The core PCE index, which excludes food and energy prices, is forecast to rise 0.3% after its biggest monthly gain in a year.
GBPUSD BUY AT SUPPORTI analysed it, There is buying opportunity for GBPUSD at market price and Price should go up
Buy 1.26000
Target 1.28000
SL 1.25650
This is my analysis for GBPUSD
GBPUSDGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GBP/USD slumps to 1.2600 as on broad USD strength
GBPUSD I Daily bias is now short as the bullish trend was brokenWelcome 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.
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GBP USD shortGBP/USD remains under selling pressure above the mid-1.2700s, UK Retail Sales data eyed
Given the fundamental outlook, the GBP/USD extended its losses and formed a large ‘bearish engulfing’ candle pattern, increasing the odds for further downside. The Relative Strength Index (RSI) dives further into bearish territory, while the 200-day moving average at 1.2592 is up for grabs. If sellers clear the psychological 1.2600 mark, followed by the 200-DMA, that could pave the way to test 1.2500. On the other hand, if buyers reclaim 1.2700, look for some consolidation.
The GBP/USD pair faces rejection near the 1.2700 mark and holds above the mid-1.2700s during the early Asian session on Friday. The downtick of the major pair is backed by the stronger US Dollar and the dovish tilt of the Bank of England. GBPUSD CONFIRM CHART
GBPUSD ANALYSIS BUYHere on GBPUSD price has made a rebound around psychological level of 1.26500 ad want to move up so we are expecting to go LONG and targeting profits should be around psychological level of 1.27000
Are you ready to ride this? More than 3,000 pips { 21/03/2024}Educational Analysis says GBPUSD may move in this range for some time according to my technical.
Broker - FXCM
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the market is in an uptrend on 4 hour zoom out time frame, the market tried to put fake Change of Character duping the traders for a while.
But now we can go long from this zone marked out with risk to reward ratio tool.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
💡 GBPUSD: Forecast March 20GBPUSD responded to the support zone around 1.2675, and formed a nice kangaroo tail candle that could be bought. However, currently this candlestick has not been matched, moreover, if we trade in the daily frame, we can only earn more than 2 Rounds of profit from this area.
If you trade multiple time frames, you can go to the lower frame to find a signal to confirm the price direction and then find trading opportunities.
GBP USDGBP/USD staged a rebound and rose above 1.2700 after touching its lowest level in two weeks below 1.2670 on Tuesday. Investors refrain from taking large positions ahead of the Fed and the BoE policy meetings, making it difficult for the pair to gather directional momentum.
In case GBP/USD starts correcting higher, the Fibonacci 50% retracement level of the latest uptrend could act as first resistance near 1.2710 before the 100-period Simple Moving Average (SMA) at 1.2730 and 1.2750 (Fibonacci 38.2% retracement, descending trend line)
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GBP/USD may fall further to 1.2630GBP/USD has been on the backfoot lately with price falling more than 150
pips after touching 1.2880 level a couple of weeks ago.
We witnessed a false breakout of the resistance level and since then, GBPUSD is
on a downtrend. With FOMC on Tuesday, we could have wild swings on all USD
pairs including GBP/USD.
So, we recommend traders to be careful as price could fall further to 1.26 and even
lower if Federal Reserve decision is not in line with market expecations.
GBPUSD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . GBPUSD long
! Great BUY 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💰
GBP USD GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GBP/USD is trading in a range above 1.2700, consolidating recent losses in early Europe on Monday. The US Dollar
holds the upside, keeping the pair on the back foot, despite a risk-on market environment. All eyes remain on this week's Fed decision.
The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 40 and GBP/USD trades below the descending trend line, reflecting a lack of recovery momentum. Confirm signal
gbpusd shortGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
confirm chart gbpusd sell signal
GBP/USD Longs from 1.27000 back up towards 1.28000I anticipate price heading towards the demand area first. So, early in the week, there might be a potential buying opportunity around the 1.27000 region, where the 9-hour demand is located. However, I'll exercise caution due to the presence of an Asian low, ensuring I don't enter too early. Ideally, I'd prefer to see the Asian low swept and the 3-hour demand mitigated, which sits just below.
As price approaches the buy zone, the validity of buys becomes more apparent. However, if we witness a strong bullish reaction, we might see the imbalance below the 7-hour supply zone filled. In such a scenario, I'll then be on the lookout for short positions, considering that price has displayed a clear shift to the downside.
Confluences for GU Buys are as follows:
- Recent trend was bullish this downward movement could be just a retracement.
- Nice demand zones left that has caused a recent break of structure to the upside.
- Lots of liquidity to the upside as well as an imbalance that needs to get filled in.
- DXY also approaching a near buy supply so the idea makes sense if the dollar goes down.
P.S. Despite the shift in price direction to the downside, I'll focus on what's near the current price. Currently, the 9-hour demand zone is nearby, so I'll be considering buying opportunities to move back up.
Have a great trading week guys and watch out for FOMC Wednesday!
GBPUSD H1 / Potential Bullish Retracement💡Hello Traders!
This is my forecast for GBPUSD H1. I expect the price to close the FVG and to retrace from the resistance level. In case of confirmation, I will execute a long trade.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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