GBPUSD IDEAThe resistance retest ended with a bearish bar. The price is likely to head towards 1.29131 Further rebound is possible before further decline. Shortby FOREXRSMVPublished 0
GBPUSD- SHORT Bearish Indicator : 1- Series of LH and LL 2- Formation of Bearish Engulfing Candle Entry Price - 1.29529 SL - 1.3009 TP1 - 1.29037 TP2 - 1.28541Shortby hmuhammadumer95Published 0
GBPUSD BUY SETUP !! “It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about that, you’ll do things differently.” – Warren BuffettLongby Siphesihle_Brian_ThusiPublished 0
STRONG DOLLAR I see the price is interested in the low below,market 1week institutions zone where many sell stop orders are going to be AMD Shortby Diaz_EpicsPublished 1
What will G/U do during NFP?As we get close to the end of the month, I think it will be interesting to see what G/U does. Here is my take on G/U.. I am looking for continued sells but am also aware that it should be having a PB soon. Will that PB be a slight reversal? I think it is too early to tell, but will watching market open to closely determine my next move for this pair. Monthly: Overall Bullish -current M Candle opened bearish, possible trend change - 4d to close Weekly: Trend is currently consolidating, expect possible PB before more sells Daily: Trend is bearish - prev D candle did not close showing more selling pressure 4hr: Trend is bearish, has just broken out of consolidation for more sells, will be tapping into FVG for possible short term buys 1hr: Trend will continue to be bearish, cross of EMAs, however expect PB before going lower Gameplan: 1) Wait to see how candles will open, this will determine true direction 2) Look for continued sells with some buying opportunity 3) Wait for all of your confirmations before entering the trade Shortby Justmzj2uPublished 0
GBPUSDDaily Bearish Weekly Bullish Market is now Bullish. But before we continue bullish, we need to complete a daily storyline first before the bullish weekly storyline we start.by oabawaPublished 2
GBP/USD Daily Chart Analysis: Short-Term Trend Channel: The price is moving within a downward trend channel, marked in blue. This indicates continued downward pressure in the short term. Bullish and Bearish Scenarios: Bullish Scenario: As shown by the blue arrows on the chart, the price might make a corrective move up toward the upper boundary of the channel. The target for this movement could be around the 1.32631 level. If this rise occurs, there could be potential buying opportunities. Bearish Scenario: If the price reaches the upper boundary of the channel, it might encounter resistance and resume a downward trend. In this case, it could potentially drop back to the 1.2960 level or even lower to the support levels at 1.28166 and 1.26647. Support and Resistance Levels: Resistance Levels: The 1.33900 and 1.34450 levels are strong resistance zones. If the price reaches these levels, it may face significant selling pressure. Support Levels: The 1.28166 and 1.26647 levels are possible support points. If the price declines to these levels, it might find upward momentum. Risk Management: The red zone appears to be a potential stop-loss area, likely set to manage risk during the upward correction. Trendline: The yellow trendline forms a significant support area for the price direction. As long as the price remains above this line, there’s a chance for upward movements to continue. Overall, this analysis suggests a short-term upward correction followed by a potential continuation of the downtrend. Resistance and support levels can be monitored for entry and exit points.Shortby alemicihanPublished 7
GBP/USD - The Potential To The Upside Is Extreme!Last week, I made a confident projection that the daily buy stops was imminent of being triggered and what we have seen this week is the opposite playing out. Although we have seen a continuation to the downside, I still believe that there is a high chance that 1.30497 and above is not a far fetched target going into next week but will sit on my hands and await more confirmation. Point of no return is at 1.29074.by LegendSincePublished 1
Gbpusd head and shoulderGu on a head and shoulder pattern and pushing to upside orderblockLongby JisilJamesPublished 1
3 candle confirmationCheck in M5 for 3 bearish candle confirmation to enter this trade for early, if you don't want to miss out. Wait for the candle confirmation . Updating this now so later I can update again- Check the comments below for further update later. Shortby tradingwith_ryannUpdated 6
formed H & S and hit the target soonformed H & S and hit the target soon formed H & S and hit the target soon formed H & S and hit the target soonLongby sivasaravanandPublished 1
Will price Break above the protected areaCurrently, GBP/USD is under a bearish trend, but a price break above the protected high could signal a shift to a bullish outlook.A notable institutional barrier appears around 1.29884, implying that significant market orders or a "sell wall" may be in place to prevent upward movement. This level acts as a protective ceiling, and failure to break above it reinforces the bearish trend, potentially steering GBP/USD toward lower support levelsShortby mandazad4133Published 1
gbpusd buyGBP has seen some weakness for the past few weeks, now as DXY is about to be dumped to the downside i am seeing a GBPUSD move to the upside.Longby israelthetraderPublished 3
gbpusd insightformation of head and shoulder patern and liquidity grab on the sell side. markets looking at 1.30505 where buy orders are located. Longby CH_sharesPublished 3
Gbpusd sell trade idea Gbpusd is in a bearish trend continuation, so we are likely to see more bearish momentum for the cable today Shortby davidpraise203Published 3
GBP/USD BEARISH MOVEMENTas we can see GBP/USD is in down trend,so we are looking for selling opportunity.after market break last swing low and make a pullback now market is at supply zone a good area to sell GBP/USD and targeting demand zone,find entry in 15 or 30min.see you at demand zoneShortby farajamwambagiPublished 7
GBPUSD up or Down ?according to the chart as you see , The price is stuck behind a heavy resistance Considering the negative news yesterday and today for the British pound, and the above resistance and the previous trend in the one-hour time frame, which is downward, we can be optimistic about the continuation of the price correction.by mansour1978Published 0
24-Hour Short-Term Risk-on Risk-off Forecast for 25/10/2024The market is expected to stay in a risk-off mode throughout the day. Safe-haven assets like USD, JPY, CHF, and gold will likely continue to see strong demand, while equities, high-yield currencies (AUD, NZD, CAD), and cryptocurrencies may struggle. Investors are likely to remain cautious as they react to central bank statements and geopolitical developments. Economic data from central banks and geopolitical events continue to shape the risk-off environment. Recent ECB rate cuts and warnings from the Federal Reserve regarding the potential for prolonged inflation concerns have contributed to the cautious market tone. Additionally, geopolitical risks, particularly the ongoing conflict in Ukraine, remain a major factor driving risk aversion. Disclaimer: This is not financial advice. The information provided is for general informational purposes only and should not be interpreted as financial or investment advice. Always consult with a professional financial advisor before making any investment decisions.by AfreeBitPublished 1
GBPUSD - Trend Reversal Pattern FormationFrom a technical perspective, it seems like GBPUSD is under the formation of a Head & Shoulder pattern. However, we need to wait and see how the pair is behaving near the neckline while forming the head. I'm expecting the head to be formed near 1.30000 to 1.30500 levels. My view co-relates with EURUSD pair. I think the below will happen in these 2 pairs EURUSD -- Doing a BOS ; GBPUSD -- Reaching the neckline EURUSD -- Retracing in Daily Timeframe ; GBPUSD -- Forming the right shoulder EURUSD -- Moving towards the target ; GBPUSD -- Moving towards the target Good Luck with your trading plans! Shortby Mojo_0906Updated 115
GBP/USD analysis - 24 Oct 20241.2955 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 1.29013. If price breaks above 1.2955 then it should hit 1.2980. Below is our recommendation; Trade 1 (Risk 0.5% of your account size); Sell GBP/USD @ 1.2935 Stop Loss @ 1.2955 Take Profit @ 1.29013 Trade 2 (Risk 1% of your account size); Buy Stop GBP/USD @ 1.2955 Stop Loss @ 1.2935 Take Profit @ 1.2980 *Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted. Shortby PalmTreeTradingUKUpdated 1
GBP/USD Bounce?continuing on from my last post, it seems we are taking a rebound on the current trend at the moment. Indicators (on LTF (4H/D)) suggest we could take an swing up here, however the HTF (W/M) are suggesting there is still bearish pressure on the pair. In the current news - GBP/USD trades in the upper half of the descending regression channel and the Relative Strength Index (RSI) indicator on the 4-hour chart rises toward 50, reflecting a loss of bearish momentum in the near term. The 100-day Simple Moving Average (SMA) aligns as immediate resistance at 1.2970. If GBP/USD flips that level into support, 1.3000 (round level, static level) and 1.3020 (upper limit of the channel) could be seen as next resistance levels. On the downside, first support is located at 1.2900 (mid-point of the descending channel) before 1.2800 (lower limit of the descending channel). Let's see where this goes for now> I am short term bullish biased Longby Underdog-TradingPublished 0
GBPUSD broke out from short term downtrendStrong bullish movement out of the bearish trend movement. 1.2977 resistance line might oppose some bearish pressure but I expect the price to break this level. Candle from the broke out of trend supports a potential change in trend rather than a "fake-out".Longby YGForexPublished 2
GBPUSD: Weak Market & Bearish Forecast It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPUSD chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignalsPublished 116