GBPUSD R:R 1:3This is for short term
Marked Possible Buy zone
Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
Gbpusdtrade
USD exchange rate today November 13: Slightly decreased in the Investors currently believe there is a 91% likelihood the Fed will maintain current interest rates.
The USD Index closed at 105,660 on the global market at 6:32 a.m. Vietnam time on November 13, down 0.02%.
The US Federal Reserve (Fed) keeps its "hawkish" approach, there are no new developments in Middle East tensions, and the USD keeps becoming stronger.
Fed Chairman Jerome Powell's remarks at the International Monetary Fund (IMF) Conference on Thursday helped the market realize that the Fed is still committed to tightening monetary policy for an extended period of time.
Despite the fact that inflation has decreased from its 40-year peak last year, Mr. Powell cautioned that the Fed still has work to do. Additionally, he stated that the Fed is not "confident" that it has sufficiently controlled inflation to reverse the
GBPUSD 4H : Showed bearish trend GBPUSD
New forecast
The British pound pair rose against the dollar, and is showing sideways trading in the past sessions, forming a negative incentive that supports the chances of resuming the expected downward trend in the immediate term, whose next target is at 1.2192, and by breaking it, it will reach 1.2155.
Therefore the downtrend scenario will be remain valid and effective during coming period supported by moving average 50, so we continue to favor the downward trend for the coming period, while breaching 1.2270 will stop the current negative pressure and push the price to begin new recovery attempts.
The expect range trading for today it will be between the resistance line 1.2270 and support line 1.2192 .
support line : 1.2215 , 1.2192
resistance line : 1.2250 , 1.2270
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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 - LONGPrice broke out of the correction. Got the wrong move/fake break last week on 1h TF, but here we go again. Correction - impulse - correction move.
GBPUSD Technical Analysis And Trade IdeaConducting a thorough analysis of GBPUSD charts reveals a retracement from its recent peak, notably observed on the 1D timeframe, signaling a significant pullback. The key question is whether this retracement will intensify or if there's potential for a rotation at the current level, aiming for liquidity beyond prior highs. Our video explores various time frames, ultimately pinpointing a potential trading opportunity based on market structure, price dynamics, trend analysis, and other crucial elements of technical evaluation.
It's essential to underscore that the insights shared here are intended solely for educational purposes and should not be construed as financial advice. Participation in the foreign exchange market and cryptocurrency trading inherently involves a substantial level of risk. Therefore, it is imperative to strategically incorporate robust risk management strategies into your trading plan to adeptly navigate the challenges associated with these markets.
GBPUSD I Forecast ahead of CPI newsWelcome back! Let me know your thoughts in the comments!
** GBPUDS 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 WEEKLY MAPPINGGBPUSD Mapping
Each zone acts as support (we buy upon confirmation) if the market is above the zone & each zone acts as a resistance (we sell upon confirmation) if the market is below zone.
GBPUSD 4H : New forecast GBPUSD
New forecast
GBP/USD pair tested the resistance 1.2321 and maintains stability below it. Now we need to wait until one of the resistance components at 1.2321 or the support area at 1.2270 breaks.
Therefore the direction is not clear because of the situation .so stabilized under 1.2270 level will put the price under sell pressure to reach 1.2192, As the breakthrough and stability of the high speed 1.2321 level immediately pushes for a new bullish exploration that reaches its next main target to 1.2380 and 1.2460.
The expect range trading for today it will be between the resistance line 1.2321 and support line 1.2270 .
Additionally ,Today News will affect the market .
support line : 1.2270 , 1.2215
resistance line : 1.2312 , 1.2321
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD: Mixed US stock index futures, FTSE 100 static ahead of in Thursday, November 9, 2023, the FTSE 100 was flat and US stock index futures were mixed in the financial markets. The UK's third quarter GDP data is about to be released, and this will likely have an impact on the Bank of England's (BoE) December monetary policy. Swati Dhingra is thinking about lowering interest rates in the event that growth statistics fall short.
The third quarter of UK economic growth was hindered by a number of issues, including declining consumer spending, weak PMIs for services, a lagging market for housing, and declining employment. Despite declining US Treasury yields, this circumstance has caused the GBP/USD pair to stabilize near 1.2300 following three days of negative closing.
The same day, prospective USD influencers came into focus for the market. Among them is the US Department
GPBUSD - Potential pullback ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: As we can see here price filled the imbalance and now is in a bearish order block, I expect we could see rejection from it + institutional big figure 1.24000. This could be a potential pullback to fill the imbalances lower.
Fundamental news: This week on Friday will be released monthly GDP on GBP. If the result is negative for GBP, it will support our analysis.
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Selling the rallies in GBP/USD as long as the resistance holdsHello traders, as per my previous trading plan on GBPUSD, our
sell entry at the 1.2410 zone gave us over 170 pips profit as
GBP/USD fell to 1.2240 levels.
Currently, the price is not in an area where we can execute new
sells. So, my plan is to wait for a pullback and see if the price reaches
the resistance level near 1.24.
If the resistance zone holds, we can consider selling GBP/USD again
at 1.24 with 1.2200 as the target.
GBPUSD possible buy area!GBPUSD experienced a continuous downtrend in its latest session, but the descent was tempered by a rebound towards the session's close. An interesting observation is the appearance of a bullish pin bar pattern on the daily chart, signaling a reduction in selling pressure. This implies a possible end to the correction phase and an increased probability of the price returning to its upward trajectory, in line with reversal signals seen in the previous session.
GBPUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPUSD
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GBP/USD reaches first resistance, time for a pullbackHello traders, in all my past 4 GBP/USD idea, I recommended buying the
dips in GBP/USD. Price was at sub 1.21 levels. If you followed those idea, you
would have certainly made 250-300 pips profit.
Now, as expected, GBP/USD has reached the 100-day exponential moving average
level around 1.24. I expect the price to pullback here. Even in the hourly chart,
GBP/USD is very over-stretched.
So, if the 1.24 level holds, selling GBP/USD@1.2380-1.24 with SL above 1.2450
and TP at 1.2340 would be a potential sell idea.
GBPUSD Shorts - A grade setup blueprintThis is how I would execute my trades after I analyse on the higher time frames to give me the perfect A grade setup that I go for once price enters my POI. On Sunday I posted a GBPUSD break down of price reacting off the 6hr supply, I mentioned that sells could possibly play out on a Monday which it did, so now I'm going to show you guys how my confluences generates an edge for me to execute these trades.
Firstly once price mitigates my 6hr Supply zone I would monitor price and wait for the asian high to get swept first before I validate a potential sell. Then I would wait for a clean CHOCH on the 10 or 15min to validate my UTAD (upthrust after distribution.) Once a CHOCH is formed it would typically leave a last point of supply (LPS), that will have a clean unmitigated order block that would have caused the expansion to happen. If it leaves an imbalance during this process it's usually a very good sign that price should come and retrace back to the LPS.
After I have my OB marked out I would set my sell limit In which I would then wait for price to come back and tap me in. From this point I would have already have pre defined my risk, written the confluences and set a take profit target for my trade to hit (in this case we will be targeting the touch of the 4hr imbalance as that acts as a magnet for price to come towards.)
In this specific scenario as you can see price didn't come back to the original 10min OB I had marked out. Price then decided to create a small BOS to the downside leaving another LPS for me to enter from which was the 6min OB. From there price came back to tap that 6min OB and literally melted towards our take profit target for a 1:15 RR with minimal drawdown.
P.S. when price entered my POI I would make sure that majority of the reversal magnets are eliminated i.e. any trendline liquidity, equal highs/lows, and asian highs/lows, so that price can move swiftly in our desired direction.
Hope you guys found this post insightful! as I wanted to show how I would typically execute my trading strategy using Wyckoff to catch big RR moves that enter my Higher time frame POI's.
GBPUSD Buy zone!From the analysis on the H4 chart, it's evident that the price has recently rebounded from 1.2326, marking it as a retracement support level. Our target is set at 1.2361, which is identified as a retracement resistance level. We've also established Support at 1.2267, a level characterized as a retracement support.
GBPUSD: The USD fell, extending the decline from last weekA less aggressive stance from the Federal Reserve caused the U.S. dollar to weaken somewhat in early European trading on Monday, reaching a six-week low and prolonging the previous week's slide.
The Dollar Index, which measures the US dollar against a basket of six other currencies, dropped 0.1% to 104.782 at 03:20 ET (08:20 GMT) this morning. Last week, it fell more than 1%, marking the biggest decline since the middle of last year.
Following the Federal Reserve's dovish indications regarding additional interest rate hikes during last week's policy-setting meeting, the dollar has declined.
The official jobs report released on Friday, which revealed that US nonfarm payrolls rose less than anticipated in October, supported this tone. According to the data, the US labor market is contracting. added to, which has
GBP/USD rose 0.1% to 1.2384, continuing last week's strong gains ahead of the release of UK GDP data for the fourth quarter later this week.
GBPUSDDear Traders hope all of you had a great weekend, now we have an excellent opportunity to sell GBPUSD. GBPUSD price have dropped significantly now we may see a short term bullish price movement. Once price reach our entry zone area, we can then sell GBPUSD.
GBPUSDAccording to my analysis,
Buy zone opportunity on H2.
Observe the money management and the stop loss.
To notify the analysis, follow me and comments, and questions.
GBPUSD Explosion ?The GBPUSD pair has recently exhibited a breakout above a long-standing resistance level. Breakouts above significant resistance points often indicate a potential shift in the trend or momentum.
After a prolonged period of being suppressed under this resistance, the breakout signifies a substantial change in market sentiment. Traders often interpret this as a bullish signal, suggesting that the pair could continue to climb
Support level unbroken in GBP/USD, time for 1.24?Hello traders, there was another dip in GBP/USD today and the price
visited the 1.2090 support zone. However, the dip was rapidly
bought and the price has rebounded 60+ pips.
So, my strategy is to buy the dips in GBP/USD as long as the support
zone stays intact. Target would be at 1.2250 and then 1.24
GBPUSD I Potential short from resistance zoneWelcome 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!
