GBPUSD NFP PLAY OF THE DAY This is what I am looking at on GBPUSD. Make sure you watch my previous video EURUSD NFP PLAY OF THE DAY so that this video is more clear. Trade safe and see you with the bags at the club later on my G!
GBPUSD.P trade ideas
Where is GBPUSD Heading? FX:GBPUSD To make things clear! We are in a Bullish Long Term Trend, under which were are going through a Bearish Retest. Buyers are eager for a reversal, buying at every possible retest and failing. They are not back from the Party from last week.
In the mean time, I would short now, it has a side to it. A Little risk is not gonna hurt while it can reward big. At the max it can cost a BE.
Pending Order in place in case if the reversal happens with the Event.
Potential bullish rise?GBP/USD has reacted off the support level which is an overlap support that aligns with the 78.6% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.3100
Why we like it:
There is an overlap support level that lines up with the 78.6% Fibonacci retracement.
Stop loss: 1.3007
Why we like it:
There is a pullback support level.
Take profit: 1.3230
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
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From our previous GBPUSD outlookThe cable succesfully played out our previously predicted sell setup! Keep in tune for our next projections
The biggest move of the week is over?Now that we have made it to the end of the week I'm looking for price to retrace for a rotational move. The trend will likely not continue until next week.
GBPUSD | September 25See how powerful 50% of 15m ob is
FVG can be tapped multiple times
Be PATIENT and dont take BE until liquidity taken
GBPUSD Sept 26 | 6ROnly aim to the other end of LDN H/L if yo usee liquidity and no strong moves
be careful of 250 along the way
FVG should be created on major levels
GBPUSD | Sept 27 15M 50% ob is a strong indicator
1m FVG at a mjor level is a must
Keep TP few pips away or at multiple of 25
GBPUSD | Sept 27 Wait for 5am -
aim for liquidity and see if there is price action
be careful and close - dont give multiple chances
GBPUSD reached the 1day MA50. Double netry buy opportunity.GBPUSD is about to test the 1day MA50, which is intact since August 13th.
The pattern is a Channel Up and even though its bottom is a little lower, the 1day MA50 should technically be a first buy entry on this pattern.
If the price drops more, you can use the bottom of the Channel for a 2nd entry.
A rebound of the 1day RSI on its Support Zone, confirms the buy signal.
Target on both occassions 1.3500.
Previous chart:
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Long GBP/USD for ~300 pips at a risk of ~120 pipsThis is a textbook pattern of higher highs and higher lows. GPU/USD has found support at the central pivot point. If the price action respects this level because it is 1) a Monthly central pivot and 2) Previous Resistance, then it should go up to Monthly R1, approximately 300 pips of profit with a risk of ~120 pips.
Note: My system of 1) RSI-MA Cross or 2) 8,21 EMA Cross has not yet signaled. But if the price goes up, the RSI-MA Cros will be the first to give a signal. However, the above analysis and possible trade are purely based on price action, support, resistance, and pivot point trading.
GBPUSD LONG TERM SELLSWeekly Supply in Control, waiting for a reversal to potential supply zone and reaction to take a sell. The reactor might come from NFP tomorrow, if it continues to drop without retracement, we can conclude long-term sells in confluence with the monthly timeframe.
GBPUSD | Sept 30 You have to watch if an FVG broke the major levels
tthat is a legitmate position to take and ride carefully to 15m ob or to major levels
GBPUSD Oct 1st (News: PMI & JOLT)Sometimes there is only 1 FVG but if it crosses a bit number and give a strong reaction take it but be VERY conservative and watch the increments in 20pips
GBPUSD moves 20pips at a time
GBPUSD | Oct 2nd (News: ADP NFE)Wouldve lost by a pip unless I closed at 750 exact
same process/ same strategy
sometimes doesnt work but its okay
GBPUSD | October 3rd | (News: PMI Services)on PMI Services day
GBPUSD
ON 15M
1. 5am - set alerts on H/L of LDN session
2. Mark major levels in 50 multiples
Once alert hits
1. Mark 15m OB with fvg and bos with Gann Box
2. Go on 1m - wait for strong move that leaves FVG on major level and BOS
3. Set limit order or enter on the 3 candles after 2 FVG candles
4. Ride to 20pips/ 50% of 15m OB/ Major Level/ Liquidity
Liquidity & 20pips are best TP
GBPUSD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone
GBPUSD moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello 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.
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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 🤝
GBP/USD Sharply Lower Following Bailey’s Dovish CommentsIn an interview with the Guardian, Bank of England (BoE) Governor Andrew Bailey echoed a marked shift in tone today and underlined that the BoE could become more aggressive regarding policy easing if inflationary pressures continued to subside. This follows Bailey calling for a ‘gradual approach’ in September after the central bank held the Bank Rate steady at 5.00% in an 8-1 vote amid sticky inflation. You will also recall that the BoE reduced the Bank Rate by 25 basis points (bps) in August.
Despite headline year-on-year CPI inflation (Consumer Price Index) holding steady at 2.2% (after recently hitting the BoE’s inflation target of 2.0%), the UK’s economy continues to face elevated price pressures in wages and services. The latter saw inflation rise to 5.6% in August from 5.2% in July (market consensus called for 5.5%).
Markets Pricing in 25bp Cut in November
The British pound (GBP) observed a strong unwind in positioning today, following Bailey’s comments, with Gilts also catching a bid.
Surprisingly, albeit triggering a modest dovish repricing, this did not spark much movement in money markets. 43 bps of easing are priced in until year-end (not quite two rate cuts), but – as of writing – November’s meeting is now fully priced in for a 25bp cut (96% probability).
GBP/USD Testing 2-Week Lows
Compared to the US dollar (USD), GBP is down more than 1.0%, challenging two-week lows and marking its largest one-day slide since March of this year.
Technically, long-term support on the monthly chart entered the fray at US$1.3111, and the overall trend is biased to the upside. As such, bulls making a stand from the noted support should not raise too many eyebrows. However, while the monthly support will garner attention, so will the daily chart as reflected by limited support until US$1.2994. Interestingly, this support level is positioned directly south of the higher low formed on 11 September at US$1.3002, and whipsawing below this base would likely trip stops and provide liquidity (sell orders) for longs at US$1.2994.
Therefore, despite monthly support in play, there’s a chance that the pairing could navigate deeper waters before serious buyers step in. Across the page on the H1 chart, you will note that buyers and sellers are squaring off at the US$1.31 figure.
US$1.31 is on the radar.
US$1.31 is key in the short term for this market. Defending the level adds weight to possibly reversing higher and reclaiming a portion of today’s lost ground, as the monthly chart suggests. On the other hand, dropping through bids at US$1.31 could spark further selling, in line with the scope to explore south on the daily timeframe.
GBPUSD Drops on BoE Rate Cut Signals, but Bullish Trend Intact GBPUSD is down sharply today as the Bank of England signals potential rate cuts. Previously, the BoE was more hawkish while the Fed cut rates. Yet that is coming to a change. Despite this, the GBPUSD trend remains bullish as long as it stays above the September low of $1.2995. Key resistance levels to watch are 1.3225 and 1.3307.
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GBPUSD | Bearish Flag PatternGBP/USD has formed a bearish flag pattern after breaking the support of a parallel channel. Consider adopting a sell-on-strength strategy for this pair.
GBP/USD : More Fall Ahead ? (READ THE CAPTION)By analyzing the GBP/USD chart on the 2-hour timeframe, we can see that the price is currently trading around the 1.326 level. Given the current trend, I expect to see further declines in this pair. The first key target is the liquidity pool below 1.32370. This analysis will be updated, folks!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GBPUSD bear flag pattern completeIntraday Update: Cable has completed the bear flag and is nearing the 78% retracement on some very dovish Baily comments(discussing aggressive rate cut protentional). Intraday RSI's are oversold, so any bounce back towards 1.3150 today should find sellers now. FX:GBPUSD
GBPUSD Sellers In Panic! BUY!
My dear friends,
GBPUSD looks like it will make a good move, and here are the details:
The market is trading on 1.3115 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.3215
Recommended Stop Loss - 1.3057
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
