😵💫GBPUSD: No Clear Bias for me. Multitimeframe updateMost recently, we are "stuck" in this box-range with unclear, messy price action
Given the fact I see bearish on HTF and bullish or messy on LTF, it's a contradiction
so right now I don't have clear confluence for this market
Overall on 15-60min. timeframes, we see recent bullish leg. Accumulation and reaccumulation
models are pushing price higher, however price is often choppy and wicky, which makes it hard to trade, at least for me
☝️Do not act based on my analysis, do your own research!!
Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions.
⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
Gbpusdtrade
GBPUSD: The British Pound has also corrected in the short term.GBPUSD: The British Pound has additionally corrected withinside the quick term. Currently, this forex pair is keeping across the aid degree on the 1.2690 area. However, with the modern-day fashion and downward pressure, it's miles probable that GBPUSD will penetrate this aid quarter to a deeper fee variety across the 1.2640 area. You can recollect keeping the sell-down watch with GU today
GBPUSD: The British Pound is also having downward adjustmentsGBPUSD: The British Pound is also having downward adjustments. In the short term, it is expected that GU will retest the support area around the 1.2700 threshold and wait for more reactions around this area. Ace may consider short selling with GU today.
GBPUSD, long continue. Price going upper in channel.Hi friend. Lets look at GBP chart window. We have upward channel with clear bulls accumulation zone "1" and also powerful (in volume mean) correction to 1.268 (big purchases there).
Support levels 1.2727-1.2731 (x-lines 1H levels). Bulls target - 1.2788. Transit level 1.2747 (there can be correction). Follow me;)
GBPUSDFor the operational paired GBP/USD recently received a buy signal after breaking above the 1. 2708 resistance level as it remains a vital signal of higher odds of a bull market persistence. This pair is pointing towards some more of the resistance level of nearly 1. 2780
The current intraday bias is up which has a support at 1. 2445 holds. However if the pair manages to move past the tops at 1.2708, it could strive to achieve higher rounds approximately 1. 2780.
That is why the overview on the whole remains above the average, yet some mixed signs are observed temporarily due to the UK indicators. For instance, specific factors such as although wage increases are continuing to look solid, further increases in the unemployment rate may make a dent deeper. The position regarding future interest rate cuts will also be important for the British pound forecast and the pair’s future direction.
Indeed, seeing that the overall trend remains bullish as long as the rate finds support at key junctures and remains above pivotal resistance levels, it should be stated that USDCHF has all the requirements in place to produce a sustained move to the upside. One relevant tip that traders should follow is that they should always pay attention to the data related to economic indicators and central bank announcements because these areas will have the strongest effect on market outlook and price action.
It could be noted that the angle of the MACD, which indicates the current trend, and recent prices suggest that the GBP/USD will continue to rise, though investors should monitor future directions and major changes in the economy that might alter the course of the pair.
BUY TRADE PLAN ON GBPUSDHey Trader,
Check out this analysis on GBPUSD.
The entry plan is best above the intraday resistance area.
Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered.
Trade safe.
Gbpusd long Target 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.
Gbpusd confirm long Target
💡 GBPUSD: Analysis May 20Last Friday up D1 bar for GBPUSD had a lower shadow and closed near the top, showing good buying pressure. Before that, bar D1 decreased but created a bullish pinbar, also showing buying pressure. The recent price behavior of GBPUSD D1 at this resistance suggests the possibility of a breakout from the most recent peak to establish an uptrend again.
GBPUSD H1 broke out of the H1 sideways price range and bounced up, setting a new high price peak to return to the short-term uptrend. Currently, the price is moving sideways above the old peak, which is a form of price compression and can easily lead to a price bounce upward. The main trend of GBPUSD H1 today is waiting to buy.
💡 Trend H1: GBPUSD increases.
Today's trading idea: Buy GBPUSD.
💡 GBPUSD: Analysis May 22GBPUSD has its third consecutive day of increase, but is showing a slowdown as the price creates a Spinning Top candlestick pattern around the old peak. GBPUSD D1 needs a breakout from this peak if it wants to establish an uptrend again at D1.
After surpassing the old peak to reestablish an uptrend in H1, GBPUSD moved into a sideways phase in the trading range. Because the main trend is uptrend, GBPUSD H1 today continues the scenario of waiting to buy from the supports below.
Trend H1: GBPUSD increases.
Today's trading idea: Buy GBPUSD.
GBP/USD Bearish Reversal OpportunityThe GBP/USD currency pair is currently forming a Bearish Harmonic Pattern (XABCD), with Point D identified as the Potential Reversal Zone (PRZ). The confluence of several technical factors at Point D suggests a high probability of a trend reversal from bullish to bearish.
Technical Confluences:
1. Harmonic Pattern Completion
Point D of the Bearish Harmonic Pattern has been identified, indicating a potential reversal area. Harmonic patterns are reliable indicators of market reversals, and the formation of the XABCD pattern is a key signal.
2. Key Resistance Area
The PRZ aligns with a significant resistance area. Historically, this level has acted as a strong barrier to upward price movements, further reinforcing the likelihood of a bearish reversal.
3. 4-Hour Trend Line
A critical 4-hour trend line intersects at the PRZ. This trend line has consistently provided resistance in recent trading sessions, adding another layer of confirmation to our bearish outlook.
4. Bearish RSI Divergence (1-Hour)
On the 1-hour chart, a bearish RSI divergence is observed. While the price has been making higher highs, the RSI indicator has been making lower highs, signaling weakening bullish momentum and potential reversal.
Trade Setup:
Entry Point: 1.2695
Stop Loss: 1.2720
Take Profit Levels
TP-1: 1.2670
TP-2: 1.2645
TP-3: 1.2620
Conclusion:
Given the confluence of the Bearish Harmonic Pattern completion, key resistance area, 4-hour trend line, and bearish RSI divergence, we anticipate a bearish reversal from Point D. Traders are advised to enter short positions at 1.2695, with a stop loss at 1.2720. The take-profit levels are strategically placed at 1.2670, 1.2645, and 1.2620 to optimize risk-reward ratios.
This analysis provides a well-rounded perspective on the current EUR/USD technical setup, highlighting key factors that support a bearish bias.
GBPUSD Sell PositionI'm still in sell position from yesterday.
The price grab liquidity from weekly candle, yesterday grab previous daily high and we have impulse from 09 May without any correction.
I think is time to see some deep correction with 1st TP at 1H zone around 1.26500
Longterm TP around 1.26000
What do you think?
GBPUSD Money Heist Plan on Bullish DirectionMy Dear Robbers / Traders,
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GBPUSD I Technical analysis & forecast 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 D1 FORCAST (Bullish)
On Friday , The GBPUSD experienced Significant volatility leading to a notable Uptrend moment. This Action in the formation of a low Resistance liquidity Zone, indicatating minimal resistance for the price moment through This level. Additionally the price left relatively equal low, suggesting the pressure of H4 sell Stop.
GBPUSD analysis week 21📌GBP/USD entered a technical correction and closed Thursday down after gaining 0.75% on Wednesday. The pair continued to rebound on Friday and traded near the 1.2700 resistance level.
📌Atlanta Fed President Raphael Bostic acknowledged inflation progress in April but noted that the Fed has not yet begun to ease policy. In a similar tone, Cleveland Fed President Loretta Mester noted that monetary policy was on track while they review more data, and Richmond Fed President Thomas Barking told CNBC that the Index data The latest consumer prices (CPI) show that inflation is not at a low level. The Fed tried to get.
📌The 34, 89 EMA is an important support level for GBP/USD at 1.2630. If the pair touches and confirms this as support, buyers will likely enter the market. In a bullish scenario resistance levels may appears at 1.2700 with a level of 1.2780 (78.6% Fibonacci retracement of the recent decline) if crossed will move towards the psychological level of 1.2800. Vice versa, if GBP/USD closes below 1.2630. This could attract sellers and usher in an extended correction towards 1.2600 (and 1.2540
🕯Trading signals
SELL zone 1.27800-128000 SL 1.28300
BUY zone 1.26000-1.25800 SL 1.25500
GBPUSD: USD pauses, market pays attention to April core PCE dataUSD pauses, market pays attention to April core PCE data
ING predicts stability in USD currency pairs as investors await the release of the April core personal consumption expenditures (PCE) price index, expected on May 31. The firm believes that cross-asset volatility is likely to remain subdued in the coming weeks, which could spur the search for carry trades.
GBPUSD is oversold. Now is the time to buy
Everyone must have seen yesterday’s analysis. Both GBPUSD and EURUSD are in line with my expected decline range of 500-1000. The US dollar also reached a high of 105.5. Oil is back at buying prices. Gold has also come to a profitable price.
At present, I simply observed the market. There is currently no better opportunity to earn the difference in gold or oil prices. On the other hand, there are some good deals in Forex. The U.S. dollar index remains near 105.5, which puts strong pressure on the U.S. dollar's upward trend. So when the US dollar pulls back, GNPUSD can add some buy orders. About 600 pips profit
Friends who like to trade foreign exchange can trade in moderation. 600 points is equivalent to a 6 dollar fluctuation in gold. (Some people may not know the fluctuation ratio of foreign exchange. Here I will briefly popularize it)
In the past, you always failed when trading alone.
But everything will change after you follow me.
Because we will be the ultimate winner!
A must-read for trading foreign exchange.EURUSD or GBPUSD
The U.S. dollar has also seen a sharp correction during this period, which I believe many traders have seen. The market has also put relatively much pressure on the US dollar. At the same time, it serves as the most valuable storage currency. There was also a sharp decline under the influence of geopolitical sentiment.
TVC:DXY
But I don't think the dollar will fall significantly in the short term. After all, the market needs to be repaired, and it will take time. It may be necessary to rely on larger news when it falls again. The U.S. dollar index is currently in the process of gradual recovery. I said at the weekend that the index is expected to maintain a range of 105-105.5 this week. At present, the market is in line with my expectations. If you are a friend who likes to do foreign exchange, you can consider selling other currencies by referring to the US dollar index. Priority is given to EURUSD and GBPUSD. The approximate operating space is around 500-1000 points. Pay attention to controlling risks during operation.
OANDA:GBPUSD OANDA:EURUSD
When the U.S. dollar index reached above 1050.5 and stood firm. You need to consider buying other currencies. These are some of my views on foreign exchange.
In the past, you always failed when trading alone.
But everything will change after you follow me.
Because we will be the ultimate winner!