GBPUSD bullish ideaIdea is based on the created wedge. I aassume it will rebouce from the wedge resistansce. TP is the next Support, but maybe it will continue to grow.
It is only technical analysis, no fundamental.
GBPUSD trade ideas
GBPUSD → Confirmation of a trend change. The Bear ZoneFX:GBPUSD confirms the bearish market structure. The fundamnetal factor is favorable for further decline. Since the opening of the session, the price has been testing the previously broken boundary. The market is not ready to resist the sellers yet
On the background of difficult situation in the west, the course of interest rate cuts in the UK, a pool of sell orders is forming in the zone 1.315 - 1.300. Buyers are turning around.
On Monday, in the Asian session, the retest of the previously broken trend support ended with a downward impulse, which confirms the bearish mood in the market. GBPUSD confirms the price exit from the channel.
It is possible that another retest is possible, as the dollar is forming a short-term correction, but it does not change the general essence of it
Resistance levels: 1.3044, 1.3068
Support levels: 1.300, 1.2975, 1.2938
The trigger for the continuation of the fall will be the breakdown of 1.3000 and further consolidation of the price below this zone. Additional scenario: retest of 1.3063 - 1.3075 before further fall
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;)
Regards R. Linda!
GBPUSD_119 2024.11.01 07:01:11 Trading Signal BUYFrankPro Signal for GBPUSD_119
Type: Screen
Signal: BUY
TP: 1.29501
SL: 1.28917
Entry Price: 1.2899
Analysis for GBPUSD
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Down
ST=Down LT=Up
ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair:
**Short-term (next few days):**
* The price is expected to go down. The bearish setup targets the level of 1.2900, and the failure to sustain above 1.3000 has led to a rebound downwards, indicating ongoing downward pressure.
* The immediate outlook is cautious due to the ongoing bearish correction, and the pair may attempt to test the support area near 1.2975 before potentially continuing its decline.
**Long-term (next few weeks/months):**
* The overall trend is bearish, and the pair is expected to maintain its downtrend. The technical analysis highlights the importance of watching key levels, and any significant movements will be influenced by upcoming economic data releases.
* However, if the pair can break out above 1.2990, it could potentially lead to a bullish reversal. Nevertheless, this is not the primary expectation based on the current analysis.
In summary, the GBP/USD pair is expected to decline in the short-term, with a potential target of 1.2900. In the long-term, the pair is expected to maintain its downtrend, but a bullish breakout above 1.2990 could potentially lead to a reversal.
Result: ST=Down LT=Down
Analysis Method(1)
Based on the provided analysis, here are my expectations for the GBP/USD exchange rate:
**Short-term (next few days):**
The price is expected to go down. The current bearish setup targets 1.2900, and the recent decline in the pound due to the UK's new budget announcement supports this expectation. Additionally, the technical analysis suggests that the GBP/USD will test the support area near 1.2975, which could lead to further downward movement.
**Long-term (next few weeks/months):**
The price is expected to stay the same or potentially go up. Although the current trend is bearish in the short term, the technical analysis mentions a possibility of continued growth after the support test at 1.2975. Furthermore, the GBP/USD rate had previously re-tested the 1.30 level, indicating that there is still some upward momentum in the market. However, this expectation is less clear-cut than the short-term expectation, and the price movement will likely depend on future market data releases, such as the PCE index.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair:
**Short-term (next few days):**
* The price is currently attempting to break through the lower boundary of an ascending price channel, which suggests a potential short-term downtrend.
* The bearish setup targeting 1.2900 and the expected trading range of 1.2914-1.3050 also indicate a possible short-term decline.
* However, the higher linear regression channel indicating an upward tilt suggests that the downtrend might be limited.
**Expected short-term price movement:** Down (targeting 1.2900)
**Long-term (next few weeks/months):**
* The ascending price channel and the higher linear regression channel indicating an upward tilt suggest a potential long-term uptrend.
* The bullish breakout anticipated at 1.2990 also supports a long-term bullish outlook.
* However, the UK budget and tax hike announcement may continue to influence the pair's direction, potentially leading to further volatility.
**Expected long-term price movement:** Up (with potential for further volatility)
Please note that these assessments are based on the provided analysis and are subject to change as new market data and events become available.
Result: ST=Down LT=Up
NFP Trading Setup ( A potential 200Pips+){update for Failed GU On the 4H timeframe , we've seen a clear structural shift, with price breaking below a significant low on the bullish rally at 1.3000 and further breaching the bullish trendline. Initially, we anticipated price would fill the Fair Value Gap (FVG) above before this breakout, but it moved lower without doing so. Now that we have both the breakout and an unfilled FVG above, our focus shifts to the nearest demand level that could drive price back up into this gap.
In the 4H chart , we’ve identified a demand level to monitor. With the NFP release on the horizon, our strategy will be to target 1.2730. To maximize this move, we could set sell limits at 1.2962 and 1.2938 , both of which align with premium prices in the current bearish momentum. Our target at 1.2729 offers a solid 200+ pips potential .
We expect that hitting this target may trigger a rally into the FVG, and based on bearish indications on the daily timeframe, we could see an extended downside move following this rally.
Stay tuned for bi-hourly updates on this setup!
GBPUSD H4 I Bearish ReversalBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2919, which is a pullback resistance.
Our take profit will be at 1.2810, an overlap support level close to the 161.8% Fibo extension
The stop loss will be at 1.3033 an overlap resistance level.
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GBPUSD_116 2024.11.01 03:14:05 Trading Signal SELLFrankPro Signal for GBPUSD_116
Type: Screen
Signal: SELL
TP: 1.28125
SL: 1.29029
Entry Price: 1.28916
Analysis for GBPUSD
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Down
ST=Down LT=Up
ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair:
**Short-term (next few days):**
* The price is expected to go down. The bearish setup targets the level of 1.2900, and the failure to sustain above 1.3000 has led to a rebound downwards, indicating ongoing downward pressure.
* The immediate outlook is cautious due to the ongoing bearish correction, and the pair may attempt to test the support area near 1.2975 before potentially continuing its decline.
**Long-term (next few weeks/months):**
* The overall trend is bearish, and the pair is expected to maintain its downtrend. The technical analysis highlights the importance of watching key levels, and any significant movements will be influenced by upcoming economic data releases.
* However, if the pair can break out above 1.2990, it could potentially lead to a bullish reversal. Nevertheless, this is not the primary expectation based on the current analysis.
In summary, the GBP/USD pair is expected to decline in the short-term, with a potential target of 1.2900. In the long-term, the pair is expected to maintain its downtrend, but a bullish breakout above 1.2990 could potentially lead to a reversal.
Result: ST=Down LT=Down
Analysis Method(1)
Based on the provided analysis, here are my expectations for the GBP/USD exchange rate:
**Short-term (next few days):**
The price is expected to go down. The current bearish setup targets 1.2900, and the recent decline in the pound due to the UK's new budget announcement supports this expectation. Additionally, the technical analysis suggests that the GBP/USD will test the support area near 1.2975, which could lead to further downward movement.
**Long-term (next few weeks/months):**
The price is expected to stay the same or potentially go up. Although the current trend is bearish in the short term, the technical analysis mentions a possibility of continued growth after the support test at 1.2975. Furthermore, the GBP/USD rate had previously re-tested the 1.30 level, indicating that there is still some upward momentum in the market. However, this expectation is less clear-cut than the short-term expectation, and the price movement will likely depend on future market data releases, such as the PCE index.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair:
**Short-term (next few days):**
* The price is currently attempting to break through the lower boundary of an ascending price channel, which suggests a potential short-term downtrend.
* The bearish setup targeting 1.2900 and the expected trading range of 1.2914-1.3050 also indicate a possible short-term decline.
* However, the higher linear regression channel indicating an upward tilt suggests that the downtrend might be limited.
**Expected short-term price movement:** Down (targeting 1.2900)
**Long-term (next few weeks/months):**
* The ascending price channel and the higher linear regression channel indicating an upward tilt suggest a potential long-term uptrend.
* The bullish breakout anticipated at 1.2990 also supports a long-term bullish outlook.
* However, the UK budget and tax hike announcement may continue to influence the pair's direction, potentially leading to further volatility.
**Expected long-term price movement:** Up (with potential for further volatility)
Please note that these assessments are based on the provided analysis and are subject to change as new market data and events become available.
Result: ST=Down LT=Up
GU could be getting ready to Reverse!Now that we are in a new month AND its election week next week the market could get very volatile. Dollar has been moving bearish all week and most are still expecting it to move bullish. I'm thinking its more likely to turn bullish for a little while. Leaving the Election news to give it the bullish push it needs to start pushing back up. This could lead to some significant moves in the market. We just have to remain ready!
Yall Lock in and follow me you Youtube #NOFOMO is the channel!
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1.2979 USD, traders with an aggressive trading strategy 1.2979 USD, traders with an aggressive trading strategy could consider a sale.
A cross of the support located at 1.2873 USD
would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish.
Sellers would then use the next support located at 1.2810 USD as an objective.
Crossing it would then enable sellers to target 1.2681 USD. If the resistance 1.2979 USD were to be broken
this would simply be a sign of possible further short-term consolidation
and trading against this trend would then perhaps be more risky.
GBPUSD with two probabilities for 11/1/2024This is my idea Nbr 22 after 20 ✅️
GBPUSD with a high probability to make the decision for 11/1/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
GBPUSD SELL SET UPI have a Daily Uptrend with a 1hr pullback. On that 1hr pullback, I have a choch and waiting for a 1hr or 15min retest in one of my zones for a continuation back down.
Liquidity taken out pair.GBP USD the GBP/USD pair and noticing patterns related to liquidity and order blocks. When liquidity is taken out, it often creates opportunities for traders to enter at better levels. Your observations about the H1 order block and price action could provide valuable insights for your trading strategy.
GBP-USD Bearish Breakout! Sell!
Hello,Traders!
GBP-USD was trading along
The rising support line but
Now we are seeing a bearish
Breakout and the breakout
Is confirmed so we will be
Expecting a further bearish
Move down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
GBPUSD bearishPlaying FVG OB
GU in bearish trend
making vivid OB and fair value gap
Wait for the lower limit of the FVG / modify the trade accordingly.
GBP/USDGbp has fallen to a daily support zone which coincides with 76 fib level. 1.28500 is a monthly significant price and we are currently trading above. The monthly close is unlikely to be below here and the new monthly candle will likely go bullish initially as price retests 1.30000-1.31000. NFP tomorrow which is likely to power the move.
GBPUSD - Risk On Hedge ShortOk so I am short here GBPUSD as I think this may be quite a significant top here.
Notice similar to dollar inverted that is has tapped into oversold on the week chart.
Also notice that it has hit a very similar RSI as the previous top.
RSI tends to rhyme so this is signalling higher chance of a pivot in this area.
It has also breached the blue 500 week MA.
It has only done this twice since the 2008 collapse; in 2009 and 2014.
On both occasions it immedietly rejected into a sharp downtrend (see chart below).
So this should be an area of heavy resistance.
The trend up from the base appears to be a wonky 5 wave move.
The first 2 waves extend to capture current price within a weak 1:0.618 Golden Window.
And then wave 3 and 4 extend to capture current price within a balanced 1:1 Golden Window.
So in terms of ratio this area is higher probability for a major reversal.
The whole trend has been steadily shallowing to the upside and this may be a sign of weakness.
So there are many alignments signalling that a significant top may be in this area.
This trade is nice hedge against risk on I think.
Because it is bullish dollar.
And if risk on slumps while dollar bounces then this trade can do well.
I haven't set any targets yet as first I would like to see if it becomes impulsive to the downside.
I have opened a position here and may add more on bounces 👀.
2009, 2014 500WMA rejections:
Dollar:
Not advice
GBPUSD Long Term Analysis (4H Chart)Technical Analysis Summary GBP/USD
TREND ANALYSIS
We have 1 Upward trend in green color (Long Term) that was broken today keeping it up for explanation. The red line is the new downtrend. Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have 1 4h support level that is protected by the 15 min support level that I have mentioned above in the chart if broken we will be seing a big drop for GBP since it is a critical support line.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are stop losses or levels and trends that were respected from the past.
Yellow Levels are tighter stop losses and generally will be used after trade is in small profit to start lowering the loss in case trade goes against us.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment If you find this content beneficial, please don't forget to LIKE and FOLLOW
Trading Involves High Risk Not Financial Advice
GBP/USD Long (Rising Traingle)Going long on current rising triangle on GBP/USD
- Lately GBP/USD been trading at good levels of support and have been looking for a long entry for over a week.
- The Triangle set up here is very promising as we just recently broke out and we are making are way over some crucial EMA/SMAs
British pound movementBritish pound movement
Is it time for a .10 c drop?
Long term trend resistance with $1.20 floor support
GBPUSD Trade Setup: 300+ Pips Rally AheadGBPUSD is poised for a strong rally with a potential upside of 300+ pips, confirmed by earlier analysis on the DXY. We’re anticipating the DXY to move down into its daily demand zone, after which it’s likely to fill the Fair Value Gap (FVG) on the Daily timeframe. This setup aligns well for a GBPUSD buy, keeping in mind that this rally is a move toward supply.
Our target is set around the 1.3250 level, where we’ll be watching for bearish signals to potentially reverse the position.
Also, check out my profile for a detailed EURAUD setup!
GBPUSD_110 2024.10.31 13:01:04 Trading Signal SELLFrankPro Signal for GBPUSD_110
Type: Screen
Signal: SELL
TP: 1.28912
SL: 1.29896
Entry Price: 1.29773
Analysis for GBPUSD
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Down
ST=Down LT=Up
ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair:
**Short-term (next few days):**
* The price is expected to go down. The bearish setup targets the level of 1.2900, and the failure to sustain above 1.3000 has led to a rebound downwards, indicating ongoing downward pressure.
* The immediate outlook is cautious due to the ongoing bearish correction, and the pair may attempt to test the support area near 1.2975 before potentially continuing its decline.
**Long-term (next few weeks/months):**
* The overall trend is bearish, and the pair is expected to maintain its downtrend. The technical analysis highlights the importance of watching key levels, and any significant movements will be influenced by upcoming economic data releases.
* However, if the pair can break out above 1.2990, it could potentially lead to a bullish reversal. Nevertheless, this is not the primary expectation based on the current analysis.
In summary, the GBP/USD pair is expected to decline in the short-term, with a potential target of 1.2900. In the long-term, the pair is expected to maintain its downtrend, but a bullish breakout above 1.2990 could potentially lead to a reversal.
Result: ST=Down LT=Down
Analysis Method(1)
Based on the provided analysis, here are my expectations for the GBP/USD exchange rate:
**Short-term (next few days):**
The price is expected to go down. The current bearish setup targets 1.2900, and the recent decline in the pound due to the UK's new budget announcement supports this expectation. Additionally, the technical analysis suggests that the GBP/USD will test the support area near 1.2975, which could lead to further downward movement.
**Long-term (next few weeks/months):**
The price is expected to stay the same or potentially go up. Although the current trend is bearish in the short term, the technical analysis mentions a possibility of continued growth after the support test at 1.2975. Furthermore, the GBP/USD rate had previously re-tested the 1.30 level, indicating that there is still some upward momentum in the market. However, this expectation is less clear-cut than the short-term expectation, and the price movement will likely depend on future market data releases, such as the PCE index.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair:
**Short-term (next few days):**
* The price is currently attempting to break through the lower boundary of an ascending price channel, which suggests a potential short-term downtrend.
* The bearish setup targeting 1.2900 and the expected trading range of 1.2914-1.3050 also indicate a possible short-term decline.
* However, the higher linear regression channel indicating an upward tilt suggests that the downtrend might be limited.
**Expected short-term price movement:** Down (targeting 1.2900)
**Long-term (next few weeks/months):**
* The ascending price channel and the higher linear regression channel indicating an upward tilt suggest a potential long-term uptrend.
* The bullish breakout anticipated at 1.2990 also supports a long-term bullish outlook.
* However, the UK budget and tax hike announcement may continue to influence the pair's direction, potentially leading to further volatility.
**Expected long-term price movement:** Up (with potential for further volatility)
Please note that these assessments are based on the provided analysis and are subject to change as new market data and events become available.
Result: ST=Down LT=Up
GBPUSD BULLISHGBPUSD is on good support
break the lower high and print new HH
now its on good level for buying
