GBPUSD Down trend continuationLooking to continue downward trajectory as we pull back into the order block.
GBPUSD trade ideas
GBP/USD Testing Key Resistance: Time to Short the Pound?Let's break down the market structure on GBP/USD. Starting with the weekly chart, we can see that price has been respecting that yellow weekly support at 1.28626 and hasn't closed below it yet. However, GBP/USD has struggled to break back above the 21 EMA, which is sitting around 1.30468, and looks like it could face more downside pressure unless it can retest those higher levels. The next key weekly resistance is 1.31578, which is a long way up if bulls decide to take control, but so far, the bearish trend is holding.
On the daily chart, price is attempting a slight recovery after bouncing off that daily support at 1.29000, but notice how the 8 and 21 EMAs are still trending down. We can see that the candles are showing some buying momentum, but until we see a strong close above the daily resistance at 1.30162 or even higher around 1.31093, this looks like a potential sell opportunity on the pullback. If price fails to close above 1.30162, we could see a continuation down to retest 1.28626 or even 1.27467.
Looking at the 4-hour chart, we see that GBP/USD has broken above the trendline resistance and is now sitting right at that key daily resistance. I'm watching for either a solid rejection here or a breakout confirmation. If I see bearish price action forming here, I'd look to sell around 1.30139 with stops above the 1.30500 mark and target 1.28626 for a quick ride down. If we get a breakout above 1.30162, though, I'd wait for a retest to get in on the long side. We want to be in and out by Friday, so let's stay sharp and trade smart!
Happy trading fam, let’s get these pips!
GBPUSD ForrexThis Chart is Printing a Bullish Trend with HH and HL and their is no Divergence
The Entry Point will b 1.30120 and the Stop Loss will be 1.29663
Entry Point (Buy Stop):1.30120
Stop Loss:1.29663
Lot size:0.22
TP 1:1.30606
TP2:1.31075
GBPUSD Bullish ScenarioToday, we will analyze GBPUSD
Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section.
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
Gap to be filled first before the Choch confirmedThere is a change of structure ut some gaps are unfillled if.
GBPUSD Upwards PushGBPUSD has broken above the 4 hour resistance. Good opportunity to trade the short term reversal.
Its time for a pullback on GBP its in dicount Its time for a pullback on GBP its in dicount
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
GBPUSD SELLFOREXCOM:GBPUSD FX:GBPUSD PEPPERSTONE:GBPUSD
GBPUSD is meet the selling volume here, maybe will break up littter bit more, but the trend is going to sell
GBPUSD SHORTMarket structure Bearish on HTFs 30
Entry at Daily AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Previous Daily Structure Point
Around Psychological Level 1.30000
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 4.42
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
Gbpusd Bullish Move Confirm 1.3000
GBP/USD trades marginally higher but remains below 1.3000 on Tuesday. The weaker-than-forecast JOLTS Job Openings data from the US limits the US Dollar's (USD) strength but the cautious market stance doesn't allow the pair to gather bullish momentum.
What I see coming...What I see coming is sells
Here is why?
The market has not confirmed any bullish pattern
The market has not any change the current structure
The market Broke the structure and this is just a retest as continuations of the trend
The market could buy ...
Because it's at a value area on the daily time
Use proper risk management
Let's do that most
GBPUSD Maybe long ?My apologies for phone version, here is PC version to understand better
As we have FIB level , there is HnS small , there is trendline, and possible accumulation, manipulation and extension
Let’s see how trade works out
GL
Is GBPUSD ready to break out?Is GBPUSD ready to break out?
Is the USD getting weaker?
I think so, but best to wait and find out.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
GU looks like its trying to pick a directionIs GU going to stay inside the channel or not? this is the 3rd test on the lower line so I'm adding this pair to my watchlist this week
GBPUSDGBP/USD Trade Idea:
• Bias: Short-term buy opportunity if support holds.
• Entry Zone: 1.2960–1.2970.
• Stop Loss: 1.2920 to manage downside risk.
• Take Profit: Target at 1.3030.
• Analysis: GBP/USD is in a bearish trend, but there’s potential for a reversal due to positive momentum. Watch for confirmation of upward movement before entering.
High probability trade in minutes Asia Monday GBPUSD Long
Here is a trade I will take once the liquidity picks up as its still pre-market in Australian Monday trading and liquidity and spreads will be much better in a couple of hours.
The trade is Long GBPUSD along the lines of the Daily chart 200ema where I expect price to continue to respect it and the influence of the ema right on price will spark renewed interest from traders during Monday.
Standby for about 1 to 2 hours and I will provide my entry, SL and potential TP.
Cheers,
Chris
GBPUSD SHORT UPDATE Shared an idea yesterday on GU short, well here is the continuation on that, still looking to short GU all the way.. Sell stop order...
GBPUSD - bottom out here? holds or not??#GBPUD.. market just trying to bottom out here.
sterling is at his most important support of the week and month that is around 1.2950
keep close that supporting region and if market hold it in that case we can expect again bounce form here.
good luck
trade wisely
GBPUSD with two probabilities for 10/29/2024GBPUSD with a high probability to make the decision for 10/29/2024 ✅️ :
🔸️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.
1.29740 sell here 30% W-bear, D-bear, 4H-bear
10% At daily AOI
10% Candle stick rejection
10% rejection from previous daily structure point
5% Round Psych Level
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5% Touching EMA
10% Candle rejection
10% Trading Signal
total 95% A setup
