GBPUSD ... Swing Trade Bullish Setup with Atlas GBPUSD ... Swing Trade Bullish Setup with Atlas
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Let's look at the Weekly Price Action
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By Noble.Mike.Jamison (aka Atlas)
GBPUSD trade ideas
GBP/USD: The Bearish Setup You Can’t Ignore Ladies and gents, let’s talk about the British Pound vs. the almighty Dollar—the drama never ends. 🎭 Right now, the charts are shouting louder than a reality TV fight: “Short me!” If you’re not seeing it, don’t worry—I’ll spell it out for you, sarcasm included. 😏
From Wedge to Woe: What the Chart Screams
1️⃣ The Big Downtrend 📉
Look at that drop—GBP/USD has been falling faster than your New Year’s resolutions. 🥲 A strong downtrend brought us to a cute little descending wedge, a classic pattern that screams, “I might bounce… but only to crush your hopes later.”
2️⃣ The "Fake Recovery" 🪤
Post-breakout, we saw a weak rally—let’s call it what it is: a dead cat bounce 🐱. Bulls are trying, but it’s like slapping duct tape on a sinking ship. The price is now flirting with resistance around 1.2775. Spoiler: It doesn’t look good for the bulls.
3️⃣ The Trap is Set 🪤
There’s a clear bearish trade setup here. A red zone for the stop-loss (thank you, risk management gods 🙌) and a juicy green target zone for profits. If you’re thinking of longing this setup, please—just don’t. Save yourself the heartbreak.
How This Plays Out: Two Scenarios 🎢
🔥 Bearish Dominance
This is the most likely play. Price respects resistance, drops out of the consolidating triangle, and continues its nosedive to 1.2500—or lower if the bears are feeling extra spicy. 🐻💣
🎩 Bullish Fantasy (Unlikely)
The only hope for bulls? A breakout above 1.2775. But even then, it needs real momentum, not the half-hearted attempts we’re seeing now. So unless you’re the kind of person who bets on lottery tickets for a living, stick with the short. 🎟️
George’s Take: Don’t Be a Chart Clown 🤡
Look, trading isn’t about being right—it’s about making money. If you’re seeing anything bullish here, you’re either blind or overly optimistic. This setup is bearish AF, and the risk/reward ratio is screaming SHORT.
Pro Tips for the Brave (or Smart):
Entry: Around resistance at 1.2775.
Stop-Loss: Tight above the red zone—don’t go broke proving a point.
Target: Scale out near 1.2500, or ride it lower if the bears take over completely.
Final Word: Trade Smart, Not Emotional 💼
Want to keep buying hope and dreams? Go ahead, but don’t blame the chart when it dumps on you. For the rest of you who actually care about strategy, setups like these are where profits are born. 🤑
Join the Road to a Million Club 🌟 if you’re done playing guessing games and want to trade like a pro. We don’t mess around—just clean setups, hard truths, and real results. 🚀
#TradeSmart #GBPUSD #BearishSetup 🐻💸
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GBP-Trade Idea (First Week of December) !!!Dear Trader,
From a fundamental perspective, the Pound is in a better position than the Euro. This week, I expect a decline towards the 1.26000 level, similar to the Euro. Subsequently, I anticipate an upward correction to the 1.28500 area, followed by a more significant downward movement with a minimum target of 1.25000."
"If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
GBPUSD ENTRY IDEAOn this Pair, we are looking for a BUY CONTINUATION, as we expect the DXY to continue with its weakness, also we have a trend shift on this pair on the LTF, we also have a LIQUIDITY AREA below our DEMAND level, so if this Entry setup matches with your idea, you can add to your watch-list. update will be given in the UPDATE SESSION.
GBPUSD SELLGBPUSD 15 MIN CHART
Hello Traders. If you find this analysis useful, please support me with your likes and comments.
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
Daily Analysis of Pound to Dollar Exchange Rates (#161)The analyst forecasts a rise in the rate of GBP/USD within the next 24 hours. This prediction is based on a quantitative analysis of recent price trends
GBPUSD Buy Opportunity! Supply Zone: The area between 1.26450 and 1.26500 represents a potential demand zone, likely to act as a support level.
Price Action: The price has retraced after an upward movement, indicating a possible retest of the support zone.
Bullish Signal: The arrow suggests that you anticipate the price will bounce from this zone and continue upward.
Key Considerations:
Entry Point: Look for bullish candlestick patterns (like a pin bar or engulfing candle) within or near the marked supply zone to confirm an upward move.
Stop-Loss: Place below the lower end of the demand zone to minimize risk.
Take-Profit: Target the next significant resistance level or recent swing high near 1.27100-1.27300.
GBPUSD Short - 3 DecM15 Short
1:3RR
H1 Double BOS
Price Retraced up for Liquidity Sweep and is positioned to move downwards.
Waiting for price to retrace to M15 Supply Area to be tapped into the trade.
GBPUSD 1HR CHART OUTLOOK GBP/USD 1HR Chart Outlook: The pair shows bullish momentum, with prices climbing above key support at . Immediate resistance is near , with a potential breakout targeting higher levels. Buyers may look for confirmation above for continuation, while maintaining caution against reversals."
Feel free to provide exact levels for a more tailored outlook!
GBPUSD continuation to the downside.Observation: Price opened and rallied upwards during the London session, potentially creating the high of the day/week.
Key Level: Filled the SIBI (Sell Imbalance) on the 15-minute chart.
Expectation: Possible reversal targeting the sell-side liquidity at yesterday's low.
May also target last week's low for a trade of the week.
GBPUSD towards 1.28!The GBP/USD pair shows signs of recovery toward the 1.2700 level during European trading, supported by a moderate weakening of the US Dollar due to improved market sentiment and profit-taking ahead of the release of the US JOLTS data. Fundamentally, the pair is consolidating losses after a decline of more than 0.5% recorded on Monday, limiting the damage thanks to the drop in the EUR/GBP pair, indicating capital flows from the Eurozone to the United Kingdom. Investors are closely monitoring the US JOLTS Job Openings data: a figure equal to or above 8 million could strengthen the Dollar, generating additional bearish pressure on GBP/USD. Moreover, attention is focused on the speeches by Federal Reserve members, with recent statements highlighting uncertainties about a potential rate cut in December. The current probability of a 25 basis points rate cut stands at 72%, according to the CME FedWatch Tool, but more cautious signals from officials could keep the Dollar in a strong position. Therefore, the direction of the pair remains tied to the evolution of macroeconomic data and monetary policy, with a consolidation dynamic reflecting the balance between technical and fundamental factors.
GBPUSD Short From Falling Resistance!GBP-USD went up and hit
A falling resistance line
From where we will be
Expecting a pullback and
A local move down !
GU SHORTIn forex trading, the term "bearish" refers to a market sentiment where traders expect the value of a currency pair to decline. This sentiment is often driven by negative economic data, political events, or other factors that lead traders to believe that the currency will lose value12.
When traders are bearish, they might sell off their holdings of the currency, increasing its supply in the market and driving its price down.
GBPUSD 03/12/24Price reacted from W KL. On D we have BOS.
Yesterday price did fulfill D FVG and Reverted.
I'm expecting continuation of bullish movement to take EQHs.
I'll try to find bullish position from marked POI area.
GBPUSD SELL 1.2680On the 4-hour chart, GBPUSD fell back after testing the previous supply zone, and short-term bears have the upper hand. At present, you can pay attention to the resistance near 1.2680. If the rebound is blocked, you can consider shorting. Pay attention to the support near 1.2500 below.
GU SHORTS??The bearish trend likely to continue after the test of a significant hourly resistance. Price likely headed towards the next 15 min inverse or even lower to test the hourly base of the range.
ONLY TIME WILL TELL
Sell setup plus jolts newsTarget daily shortterm low.
Follow at your own risk. This is not financial advice. I am not licenced financial advisor.
GBPUSD H1 | Bullish BounceBased on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.2612, which is a pullback support close to 61.8% Fibonacci retracement.
Our take profit will be at 1.2681, a pullback resistance close to 61.8% Fibo retracement.
The stop loss will be placed at 1.2529, which is an overlap support level.
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GBP/USD LONG Daily: inv head en shoulders with break of structure
flat wall on the left +
weekly :Stong zone for the bus
last week bull candle
fibs works for me
4H: deceleration
GBPUSD is in the Selling Direction after breaking suPportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
