GU with the Pressure!! Price moved EXTRA bearish last night. So its likely it will continue. Just about finding where to get in at. looking for a retrace during London which should lead to a sell entry for NY session.
GBPUSD trade ideas
GBPUSD: Back to Bearish Trend?!The GBPUSD price has started to decrease after a long period of bullish movement.
A significant daily support level has been broken by bearish momentum, indicating the dominance of sellers.
I anticipate that the market will continue to fall and potentially reach the 1.2933 level soon.
GBPUSD → Support breakdown. CPI in the UK is declining... FX:GBPUSD confirms the bearish market structure. The price is breaking the support. Fundamental data is favorable for further continuation of the fall.
UK Inflation:
m/m = 0% (expectation +0.1% / previously +0.3%)
YoY = +1.7% (expected +1.9% / previously +2.2%)
Core CPI = +3.2% y/y (expected +3.4% / previously +3.6%)
The USD index are rising on strong US economic data (last week's potential). All these data together have a corresponding impact on the currency pair, which breaks the support of the uptrend. A price consolidation below 1.3000 (strong psychological level) will open the way to 1.28-1.26.
Support levels: 1.3000, 1.2938
Resistance levels: 1.309
Selling on the currency pair is intensifying, the price is entering the risk zone and the buyers are getting even more nervous... In the short term, a retest of the previously broken trend support is possible, followed by a fall towards 1.28-1.26
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;)
Regards R. Linda!
GBPUSD On Support Zone Aiming Higher.Hi
GBPUSD is potentially bullish on the H1 chart, with a target bias up to 1.32499. A bullish alert is indicated for RSI levels of 62.53 and 67.54.
This is a high-risk setup; monitoring will be required due to strong supply pressure at 1.34045.
Happy Trading and have a great week,
K.
GBP/USD – Watching for Support Break and Long Entry OpportunityI'm watching GBP/USD closely. If we break below the current support, my idea is to target the green zone, which I've identified as a strong support level. I believe buyers will likely step in and push the price back up when we reach this zone, offering a good opportunity to enter long.
Strategy: I'll be looking for signs of support holding in the green zone for a potential long entry.
GBPUSD Ben hello everyone!
On the 1-hour chart, the downtrend continues. After losing momentum from 1.306, GBPUSD has continued to decline. With the market looking unfavorable and the Fed’s interest rate cut policy unclear, GU has lost value.
The next target for the next decline is seen at 1.2950, which is a strong psychological barrier. However, the possibility of a rebound cannot be ruled out if the bulls manage to push the price up from 1.2980 as mentioned on the chart.
GBPUSD's decline has not stopped yetHello everyone, Conan!
Today, the GBPUSD pair is maintaining a mild negative trend, trading at around 1.0544. After losing momentum from 1.3000, GBPUSD has continued to decline. The pair could continue to decline in the coming period, as the market reassesses the Bank of England (BoE) policy outlook following weak inflation data.
The current support level is set at 1.2976, significant stops will accumulate below this figure and if triggered, the decline could accelerate towards 1.2950.
GBPUSD D1 I Bearish Reversal Based on the daily chart analysis, we can see that the price is rising toward our sell entry at 1.3040, which is a pullback resistance
Our take profit will be at 1.2890, a pullback support close to 50% Fibo retracement and 127.2% Fibo extension
The stop loss will be at 1.3176, a pullback resistance level.
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GBPUSD SHORTLooking to short gbpusd shortly after doing a minor pullback to my entry level on the daily chart
Bought GBPUSD for counter trend play on 4H TFI am buying GBPUSD in anticipation for the price to go to my sell zone on 4H TF
Entered using 1H TF price action to the upside and with a 3R Risk Reward Ratio
My main play for this week is to sell but I guess this can work as well just as long I place my SL to BE upon confirmation on 4H TF just to be safe as well.
GBPUSD Swing Analysis 17-10-2024Following the previous weekly analysis:
*I was expecting the internal HL in premium area to hold the price and potentially see a bounce and a resumption of a bullish trend.
*Price failed to provide us with a MSS on 4H chart, which lead to price breaking below our strong HL.
1.We now expect price to continue with the counter trend *Pull back phase* until we reach discount prices.
2. On LTF price should be forming LL-LH and we recently had a BOS. I would expect price to pull back within that range of the last LH-LL to provide me with a LH entry for shorts
TAPDA PRECISON Initially I was looking for a LND session trade as I trade from the uk...
my anticipated price point was not hit however I expect some of you traded the 12:30 90 min tf fvg before CPI news. Paired with Asian range manipulation
I patiently waited for Ny session. never looking to chase price during a decline
I scaled out into 90 min Tf and identified a bearish 8:00 breaker/OB
knowing this I instantly framed my ideas and yet again patiently waited for the 8:00 90 min TF to take place, placed sell limit in line with 8:00 breaker and price swiftly tapped me in.
It is crucial that you always try and have TIME and PRICE alignment this will give you the most institutionally dynamic responses possible.
There was also alignment throughout dollar index, Euro and obviously GBP/USD (which I trade)
USDX seeking BULLISH OB and Euro Seeking Bearish OB.
This gives me Extra clarity / On top of what I already had antitipated
I strongly advise you to never chase price if you simply miss a trade do not panic do not have FOMO simply wait. the MARKETS give out so much opportunity do not rush and give out capital to the smarter traders.
DO NOT FIGHT THE MARKETS, let it come to you have your knowledgeable anticipated price point, stay within your designated risk parameters and execute accordingly to your rules.
DO NOT BREAK YOUR OWN RULES & CHEAT YOURSELF
GBPUSD Liquidity trap?What I see is liquidity sweep and break price 1.3000 rejected to go lower and now pullback to price 1.30000 to give entry on long to test price 1.3050.
How BIRTISH PoUnd will reactInstrument:
Time Frame: H4 Chart
Observations:
1. Consolidation Movements were find in a downward trend with in strong resistance and support zone
2. Inverse Flag Chart pattern has also observed indicating further downward momentum
3. We will see break down at support zone in a short time because volume is in a high position
4. Fast E.M.A has crossed the slow E.M.A from upside to downward indicating bearish trend
Trading Strategy:
In this trade Our Risk Reward Ratio will be (1:5)
Enter trades as market will arrive on 1.29737
Take Profit1 = 1.29437
Take Profit2 = 1.29137
Take Profit3 = 1.28835
Stop Loss = 1.30000
My Chart idea. We had a great chart but i was late it meets all the criteria.GBP/USD drops 0.34%, reaching a low of 1.2981 after soft UK inflation report shocks markets.
A close below 1.3000 could lead the pair to test the 100-DMA at 1.2951 and further support levels.
If bulls regain control, resistance at 1.3100 and the 50-DMA at 1.3118 are key upside targets.
Fundamental analysis of the market for 16.10.2024 GBPUSDGBPUSD:
The GBP/USD pair is trading around 1.3065 today, although it lacks bullish confidence. The release of the UK Consumer Price Index news event weakened the Pound against the Dollar.
Ahead of the key data release, speculation that the Bank of England (BoE) may move to accelerate its rate cut cycle continues to undermine the British Pound (GBP) and act as a headwind for the GBP/USD pair. That said, the moderate decline in the US Dollar (USD) is providing some support to the currency pair and helping to limit the downside.
From a technical perspective, the range-bound price action can still be categorized as a bearish consolidation phase amid the recent pullback from the 1.3435 area, or the highest level since March 2022, reached last month. In addition, the oscillators on the daily chart are holding in negative territory and are still far from the oversold zone.
Trading recommendation: Trading mainly by Sell orders from the current price level.
GBPUSD heavy post CPIIntraday Update: After a miss in the UK CPI and PPI data the GBPUSD broke below the 1.3000 level and has risen back above since the release. However, it looks like it is struggling to make it back above the 1.3025 level. A close below the 1.3000 level would be a bearish event into the end of the week and put the sub 1.2900 level in view.
GBPUSD Bullish Breakout: Key Levels and Price Action Setup Get ready for a deep dive into my bullish bias on GBPUSD! In this video, I break down key levels, price action, and the technical indicators that point towards an upward movement in the GBPUSD pair. Whether you're a beginner or a seasoned trader, this analysis will help you understand the potential opportunities in the current market. Stay tuned for insights on entry points, stop loss placement, and target levels to maximize your gains. Don’t forget to like, subscribe, and hit the bell icon for more trade analysis and forex tips!
Uptrend It is expected that a trend change will be formed in the current support range and we will see the beginning of the upward trend. Otherwise, the downward trend will continue to the specified support levels. As long as the price is above the 78.6% level, there will be a possibility of an upward trend
GBP/USD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
GBP-USD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 1.308 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the GBP/USD pair.
✅LIKE AND COMMENT MY IDEAS✅
GBPUSD Long Opportunity: Bullish Falling Wedge & MACD RDI’m looking to buy GBPUSD on a breakout from a bullish falling wedge pattern, spotted on the H2 timeframe. The MACD indicator shows regular divergence (RD), signaling weakening bearish momentum. This divergence indicates potential reversal, supporting the breakout.
Trade Setup:
Pattern : Bullish Falling Wedge
Timeframe: H2
Entry: Upon confirmation of the breakout
Stop-loss: Just below the wedge structure to minimize risk
Target: 1.3240
DeGRAM | GBPUSD reached supportGBPUSD is moving in a descending channel above the support level.
The chart maintains the descending structure.
The price has already reached the lower boundary of the channel.
We expect the rebound to continue.
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