GMPUSD H1 / Bullish Continuation / Targeting the PWH ✅ Hello Traders!
This is my forecast related to GBPUSD H1. I see a bullish market at the moment, that's why I expect that PWH will be taken. Until now, we can see only HH and HL, meaning that we are in a bullish market.
It's a good opportunity to look for long entries, as the bias according to this scenario is bullish.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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Gbpusdtrade
GBPUSD I Continue to short below 2683 resistanceWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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GBPUSD Imminent Shorts down towards 1.24000This week, GU presents an intriguing setup as it appears to have made a decisive move. With the pair breaking structure to the downside and the dollar strengthening, it has reinforced a bearish trend in my view, prompting me to consider shorting opportunities. My focus is currently on the 4-hour supply zone, anticipating a Wyckoff distribution to unfold.
At present, I don't see any clear buying opportunities, while selling positions align with the prevailing trend. Therefore, I'll await the Monday open to observe how price action around the Asian high unfolds, with the intention of initiating sells. The aim is to target the 1-hour demand zone and capitalise on the trendline liquidity below.
Confluences for GU Sells are as follows:
- Price left a clean 4hr supply zone with a refined version in which we can expect a bearish reaction to take place.
- Price has been moving bearish regarding the recent break of structure to the downside.
- DXY is also been moving bullish so it backs the GU downtrend.
- Lots of liquidity to the downside like trendline liquidity and Asian lows.
- The overall trend of this market like the monthly still shows its a bearish trend.
P.S. As it's a bank holiday for the dollar on Monday, I'll proceed cautiously and anticipate limited market activity. However, if my trading edge aligns with all my confirming factors, I'll execute my trades promptly and decisively.
HAPPY TRADING!
GBPUSD LONG TERM BUYING 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 Chart
GBPUSD Technical Analysis and Trade IdeaGBPUSD demonstrates increasing bearish pressure across monthly, weekly and daily timeframes. The breakdown of market structure on each timeframe supports a bearish bias, which we explore in the accompanying video. While a recent retracement hints at a potential short entry, upcoming high-impact data releases for both GBP and USD warrant caution.
Strategic Approach:
- Patience: It's prudent to observe how the market responds to significant news events before committing to a trade.
- Reassessment: Once volatility subsides, re-evaluate the technical landscape for potential short setups in line with the prevailing bearish trend.
Important Disclaimer: This analysis serves educational purposes only and should not be considered financial advice. Independent research and thorough risk management are essential before executing any trades.
GBPUSD I Potential bearish continuation Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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GBPUSD Potentially bearishFX:GBPUSD broke out on the downside of the range market on H4. We are currently seeing a retest of the consolidation, a close below 1.25963 would be a good point to get into the market for a sell. A close above the 1.26606 would mean the bulls getting back into the market at which point I will rather stay out to see what the market will tell us. For the now, I'm favoring the bearish move and will wait for market to cross the 125963 mark.
GBPUSD I Retest of previous structure broken I SHORT Welcome 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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GBPUSD Trade Idea#GBPUSD downtrend pauses with a pullback. Potential short opportunity if price rejects at resistance during this pullback. Higher timeframes remain bearish with a recent 1D market structure break. We're eyeing a short entry around 61.8%-78.6% Fibonacci zone. Remember, trading is risky. This is just my opinion, not financial advice.
GBPUSD: Emerging market currencies see limited gains aheadMost emerging market currencies are not expected to recover this year's losses against the dollar in the coming months, according to a recent poll of foreign exchange strategists. The poll, involving 50 FX strategists, suggests the possibility of aggressive interest rate cuts by the US Federal Reserve, weighing on the performance of these currencies.
A basket of emerging market currencies, which ended last year at a high, has since lost momentum, falling 1.2% on higher US Treasury yields. This downturn was attributed to better-than-expected US economic data and hawkish statements from Federal Reserve policymakers, leading to reduced interest rate cut expectations. As a result, the dollar index has increased 3% in just a few weeks.
GBPUSD M30 / OB Taken, Looking for a Long Entry Confirmation 📈Hello Traders!
This is my idea related to GBPUSD M30. I like the reaction from the OB, and I expect another bearish move before going bullish. I expect also that BOSS will be taken and after that, I will look for a long entry.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GBPUSD - Wild Swing after Cut VoteI followed the BoE meeting this morning. I'm not surprised to see officials voting for cuts already, and I believe the 2 votes for "hike" are more symbolic than actual, as the only possible option was maintaining the current rate.
Technically, all the movements happened post 10, or when Chicago PMI got released. GBPUSD is more pushed by the bullish indices(which I am referring to Nasdaq, SPX, not FTSE100), and not really from a fundamental perspective.
Again, I believe it is a good opportunity to short. The dollar index looking good, and GBPUSD is at a position where a breakout is likely to take place, which I believe, is a downward breakout.
Keigu,
GBPUSD → Day Analysis | Sell SetupHello Traders, here is the full analysis.
If it continue the bullish momentum then we can see GBPUSD drop even below in short time. Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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GBPUSD SELL opportunity 1.2610 TP 1.2334GBPUSD SELL opportunity 1.2610 TP 1.2334
GBPUSD BUY opportunity 1.2655 TP 1.2757
GBPUSD BUY opportunity 1.2535 TP 1.2635
Confirmation after the breakout support level.
If Broke through support will reach to next support level 1.2370. The Current Resistance level is 4H 1.2827 and support is 1.2501
UNDERSTANDING HOW TO TRADE GBPUSD Here i give you some tips regarding on trading GBPUSD and is quite well for you to understand how it work. GBPUSD is a volatile market so you can make money fast and also loose fast. So is very important you know this. In this video i show you double bottom and double top also show you phycological levels .You also learn trendline. Resistance and Support for applying.
GBPUSD Outlook 05 Feb 2024 Asia Session PEPPERSTONE:GBPUSD
GU price is massive down due to DXY Bullish new last Friday. Now GU is consolidation 1.26112 to 1.26450 Level. That is very good sign to again gain momentum in next week.
Based on my Analysis
BS: 1.26451 Level After Retest
SL: 1.26113
TP: 1.26728
TP2:1.27019
Disclaimer: Please be aware that this information is not provided as financial advice. It is crucial to conduct your research and due diligence before making any trading decisions. Financial markets can be highly volatile and involve risks, and the information provided here is for informational purposes only.
Tricky Moves for GBPUSDPure technical analysis.
After making a bullish move from November 23, 2023, GBPUSD has completed Elliott Waves (first 12345), and then made a sideways movement since mid-December 2023. In this sideways movement, GBPUSD made micro-Elliott Waves and has completed them. The extension of this wave is predicted to complete leg 3 of the second 12345 waves in the range and reverse downwards.
On this large time frame (D1/H4), this is a retracement to the bullish wave in the previous large time frame. In the small time frame (H1), this is an opportunity to sell GBPUSD into the 0.618 Fibonacci zone of the large time frame, which is the flip zone area as well as the area that still leaves an imbalance wide enough to be filled.
Another reason to sell is the divergence on the oscillator which indicates buyers are starting to get exhausted.
To enter, wait until the price reaches the middle or top of the range, where there is a lot of equal high liquidity (range 1.27100 - 1.28250). Pay attention to price movements in smaller time frames (M5 - M15) to get an entry sell position. We prefer to enter at the 1.27040 level or higher and aims for 2R to the support zone at 1.23710 that acted as 0.618 fib level of the higher time frame, as well as the former bullish flip zone. Stop loss is at 1.28700 to avoid stop loss hunting/purge.
Cancel the setup if the price exceeds 1.28166 with high volume.
Note: if the price reaches take profit and shows reversal symptoms, take a buy position. Analysis will be provided later.