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.
GBPUSD trade ideas
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.
GBPUSD WILL FALL GO FOR SHORT Hello Trader , What do you think about GBPUSD? Here on Gbpusd price has fall around level of 1.29232 and now try to reverse so is likely to continue fall after a small reversal so trader can SHORT and expect profit target around level of support. Remember to like and share your thought in the comment !
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.
GBPU/USD Shorts from 1.30200 continue trend!GU Analysis Breakdown:
This week, my GU analysis centres on the idea that price will continue to follow its bearish trend. With a recent structure break to the downside, price has left behind a clean, unmitigated supply zone. I’ll be watching for a retest in this area as an opportunity to catch potential sell positions.
If price revisits the 10-hour demand zone I’ve marked, I’ll also be open to a potential bullish reaction there. Should this demand fail, I’ll look for a deeper mitigation at the next demand level below.
Confluences for GU Sells:
- The DXY has been very bullish, signalling a continued downward bias for GU.
- GU has maintained a bearish structure, aligning with this pro-trend idea.
- An untouched supply zone offers a key area for potential sell entries.
- Significant liquidity below, providing additional targets.
- The 1-hour supply is positioned at the psychological level of 1.30000.
P.S. There’s a strong pool of liquidity above my supply, so if price briefly moves higher to take the trendline liquidity, it wouldn’t be surprising. Stay diligent, and have a great trading week, everyone!
GBPUSD Bullish Idea After a long Bearish Move Finally, GBPUSD is making a new HH. Also, Divergence Spotted on 1h TF.
20241024 - GBPUSD - ShortGBPUSD - Short
Caution: High impact news imminent.
Potential idea on GBPUSD if 15m BOS to the downside occurs.
Entered into 4h point-of-interest.
Wait for Break of Structure to the downside on 15m.
Look for entries on the pull back.
GBPUSD - Run On Short Term Highs Gaps don't always get filled but when you combine it with other factors such as the monthly Sellside liquidity being swept plus a rejection from the weekly volume imbalance, a higher probable approach to running on buy stops seems reasonable.
T1 @ 1.30776
T2 @ 1.31030
T3 @ 1.31173 - 1.31266
Dollar presenting risk on conditions will aid this bias.
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.
Gbpusd ShortLooking at GBPUSD ranging at this specific zone what makes it interesting .
it wants to break the level and goes up but the market keep rejecting this zone.
Already respected 3 times with overall 9 RR. I will taking it again this time as well since risking 1R out of 9RR is ok .
If you are taking this trade alone, look for other confirmations as well.
This confirmations for me is SND with PL at this area. Same goes for the above trade.
GBP USD Trade Setup Possible selling opportunity on GBP USD ???
Double Top at a Supply Zone
Currently forming a Doji and Close below candlestick pattern,
Let me know your thoughts in the comments
GBPUSD Will Grow! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.298.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.306 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
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 soon
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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 levels
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.
gbpusd insightformation of head and shoulder patern and liquidity grab on the sell side. markets looking at 1.30505 where buy orders are located.
GBPUSD - Daily Pivot Points AnalysisGBPUSD - Daily Pivot Points Analysis
GBPUSD is above the Daily Pivot Point - 1.2958 suggesting for the presence of the bullish momentum.
GBPUSD may rise to test Daily R1 at 1.3006 and if the bullish momentum grows even more it can also reach Daily R2 - 1.3036.
I don't see any reason to rise up to Daily R3
Price can move back down to the Daily Pivot Point from the Daily Resistance zones or it can move down to the nearest broken resistance where it can find support.
As long as the price is still above the Daily Pivot Point - 1.2958 GBPUSD remains under the bull's control. The bearish momentum may increase once the price moves below the Daily Pivot Point - 1.2958 and it can follow the Daily Support areas scenario.
Daily R3 - 1.3084
Daily R2 - 1.3036
Daily R1 - 1.3006
Daily Pivot Point - 1.2958
Daily S1 - 1.2927
Daily S2 - 1.2879
Daily S3 - 1.2848
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A pivot point is an intraday technical indicator that's used to identify trends and reversals in equities, commodities, and forex markets.
Pivot points are calculated to determine levels in which the sentiment of the market could change from bullish to bearish and vice-versa.
You may find more details in the chart!
Thank you and Good Luck!
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Long opportunity Cable has been dropping for sometime and the bearish pressure looks to be ceasing. If price action stabilises and remains above 1.29000, the above resistant barriers are the likely targets.
GBP/USD: Will Demand Zones Trigger the Next Bullish Rally?The GBP/USD pair showed some strength on Thursday, advancing to open the Friday London session at 1.2978 as of the time of writing. Despite the recent uptick, the pair’s near-term outlook remains uncertain, as traders assess various market dynamics and potential demand levels that could drive future price action.
Technical Overview: Mixed Sentiment and COT Report Analysis
From a technical standpoint, the Commitment of Traders (COT) report indicates an interesting divergence between retail traders and institutional investors. Retail traders have generally adopted a bearish stance, while "smart money" is beginning to build bullish positions, hinting at a potential shift in market sentiment. This kind of divergence often acts as a precursor to a trend reversal, but timing is critical.
Adding to this potential bullish sentiment is our Forecaster, which currently suggests a possible start of a bullish season for the British Pound. However, our technical analysis suggests that the price has not yet reached a significant demand area to trigger a strong buying opportunity. As it stands, the recent bullish push may be short-lived, as the GBP/USD appears poised for a bearish correction. This pullback could be necessary for the pair to establish a firmer demand base before initiating a more sustainable bullish rally aligned with seasonal patterns.
US Dollar Outlook: Trump’s Impact on Market Dynamics
Meanwhile, the outlook for the US Dollar remains largely positive, fueled by growing expectations of a potential Donald Trump victory in the upcoming US presidential election on November 5. Traders are anticipating the return of his aggressive economic policies, which are likely to include higher tariffs and lower taxes—measures historically seen as supportive of the US Dollar.
However, the potential impact of a Trump administration could be negative for the currencies of major US trading partners, such as the British Pound. As traders price in this scenario, the US Dollar may strengthen further, adding additional bearish pressure on the GBP/USD pair in the short term.
Current Strategy: Awaiting Key Demand Levels
Given the current technical and fundamental setup, we are maintaining a cautious approach. While the recent price action and the COT data suggest a potential bullish shift for the GBP/USD, our strategy is to wait for the price to reach a key demand area before considering any long positions. This approach aims to minimize downside risk and capitalize on a more confirmed trend reversal.
For now, we are on the sidelines, closely monitoring price movements and upcoming economic data releases that could influence market sentiment. Should the pair dip further into a demand zone, it could present an attractive opportunity for a long setup, aligned with both smart money positioning and seasonal trends.
Conclusion
The GBP/USD shows signs of a potential bullish season on the horizon, but with the price currently failing to reach strong demand levels, a pullback appears likely. Meanwhile, the US Dollar's strength, driven by speculation of Trump’s possible return to the White House, continues to weigh on the pair. For now, our strategy remains patient and data-driven, with a focus on finding the right demand level to initiate a bullish position. As always, staying disciplined and responsive to market shifts will be key in navigating the upcoming volatility.
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GBP/USD Crashes After UK Inflation DataGBP/USD Crashes After UK Inflation Data
GBP/USD plummeted to near 1.2980 as soft UK inflation prompted dovish bets on the Bank of England (BoE).
UK service inflation slowed to 4.9%, and the core Consumer Price Index (CPI) decelerated to 3.2% in September.
Conversely, the USD is bolstered by the likelihood that the Federal Reserve (FED) may avoid aggressive interest rate cuts.
GBP/USD may experience a temporary correction, with the price likely to move down in the coming hours or days.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GBPUSD Long UpdateGBPUSD looks to be starting a small reversal to return to the extreme of the leg on the daily chart.
I want to see the 4h LH broken before price moves back down to our entry levels breaking the double bottom that's almost formed on the hourly.
Trading opportunities will be:
Long trades targeting the 2 1h POI zones above 4h LH (these are higher risk trades).
Short trades after the 4h LH has been broken to the long trade entry zone.
2 long entries.
Long entries are 10:1 and 14:1 making this a very high reward trade opportunity.
Follow for more updates.
