GBP/USD Buy From Major Support (204pips)GBP/USD traded around the 4H demand level last week without any major direction, we are likely to see buyers come into the market this week as the current support zone serves as a good level of demand.
GBPUSD trade ideas
Possible Sell Trade on GBPUSDThis is my analysis trade for GBPUSD.
Weekly is bullish but Daily and 4H are both bearish for HTF direction.
I will wait for the pullback going up for the price to go to my sell zone for the OB which are showing up from 4H all the way down to 15M timeframe. So for me, this is the best location to sell again for another possible round of bearish action for this market.
I added a trade alert so I will not look at this pair in the week until my alert gets triggered.
Once price goes to my sell zone and I get my alert, that's the time I will go down and find my possible trade entry on lower timeframe so I can have a tighter stop loss and possibly get a better risk reward ratio.
Possible target would be the last swing low on the 4H timeframe.
I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.
GBPUSD 15 MIN BEARISH RSI DIVERSION gbpusd 15 min bearish diversion close prev. swing low close candle
GBPUSD on the verge of getting back upAs Monday will stay bearish, Tuesday 8AM marks a turning point.
After the CCC, and after reaching the same low level or even a lower low, the price is to return to an uptrend.
LEVERAGING ON LIQUIDITY POOL ZONEThe break above the line and a mitigation of the line and reaction at a keylevel followed by a reversal setup shows price willingness to continue to the upside... 😉
GBPUSD View!!The U.S. producer price index for final demand was unchanged in September, slightly below the forecast of economists polled by Reuters for a gain of 0.1%. It followed an unrevised 0.2% increase in August, indicating inflation continues to cool and giving the Fed leeway to continue cutting interest rates.
In the 12 months through September, the PPI increased 1.8% versus the 1.6% estimate.
GBPUSD - Is There Possibilities Of Short-Term Retracement?Although i will be sitting on my hands until Tuesday at least, there is a 50/50 draw on both weekly Sellside and buyside which leads me to believe big movements are to follow soon...
GBPUSD - Accumulation with in Wedge Signals Bullish ReversalGBPUSD seems to be going through phase of accumulation with in falling wedge pattern. Price is consistently touch ichimoku cloud singalling that a clean break above it might be around the corner. Time to go long.
GBP/USD Shorts from 1.31600 down to 1.30000This week, my analysis for GBP/USD (GU) focuses on the continuation of the bearish trend. I’m waiting for price to retrace back to the 2-hour supply zone, where trendline liquidity is resting just below. This retracement will set up for a potential move downward.
Once price reaches the 1.30000 level, I may consider a counter-trend buy at that point. However, with structure continuing to break to the downside, my primary focus will remain on sell opportunities. The strength of the dollar is another factor, further reinforcing this bearish outlook for GU.
Confluences for GU Sells:
- Structure Break: Price has broken to the downside, leaving behind a new supply zone.
- Bearish Market Structure: Recent market movement has been bearish, supported by the rising dollar.
- Liquidity: Significant liquidity exists to the downside, awaiting to be taken.
- Strong Dollar: The bullish dollar aligns with and supports the idea of further GU declines.
P.S. If price continues downward, I’ll wait for it to tap into the next demand zone. If price rises and breaks the supply zone, a reaction from the 17-hour supply zone may offer new sell opportunities.
GBP/USD to the Downside next weekFeels like we gonna see GU slowly going down; Have a feeling there's a lot of buyer on at this current level and I comfortable going on the opposite.
GBPUSD Daily previewA brief look at Libra and potential daily SR zones and levels in motion. I personally tip that Libra strengthening in the trend channel.
GBPUSD I Falling wedge pattern and potential upside Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
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.
GBPUSD still in bullish trend????GBPUSD still in bullish trend as per 4H, 4H structure yet not break to bearish, trade idea is if price break last higer low than that is our entry point as marked on the chart.
Analysis on the D Chart for GBP/USDWe can see that the price is in the area of D Low.
This week, the price hasn’t made a lower low, which is why I expect the price to enter a bullish momentum.
We have a double bottom pattern as well as a Doji candlestick.
Monday will be a slow day, so the Doji momentum will likely continue, but starting from Tuesday, I expect the price to rise and move towards the D TF imbalance.
On a lower time frame, we need to wait for a BOS (Break of Structure) to occur in order to have confirmation for a Buy.
Just be patient and wait for everything to align.
GBP/USD ideasI have been doing my best to try and understand the reason as to why DXY gained that much momentum within such a limited number of days .After a lot of research i came to realize that the reason as to why the dollar gained that much momentum is because of the stand of the us in supporting Israel in its was against Iran. Looking back as to when the bullish move started its clearly obvious that a lot of action started developing after the us president announced that he was going to support Israel in the war hence i came to a conclusion that because of the mulitary strength many investors moved their assets and money to to the states hence supporting the currency which was can all agree that is overvalued. Last week news events displayed that the rate of unemployment was high in the states where after looking at the strong bearish move that happened on Friday i am led to believe that most people are now coming to realize that the dollar is not as powerful as they thought and are cashing out their assets hence the strong bearish power. I believe that as from next week the dollar will continue loosing its strength meaning that we can expect a bullish EUR/USD and GBP/USD and a bearish DXY
Read The GBPUSD MarketLet's Looking at GBPUSD Chart and Decide to What can we do with the Market in next week, Good luck With Your Trades <3
GBPUSDA bullish divergence occurs when the price of an asset is making lower lows, but a technical indicator (such as the Relative Strength Index, MACD, or another momentum oscillator) is making higher lows. This suggests that while the price is declining, the selling pressure is weakening, and momentum is building for a potential reversal to the upside.
GBPUSD Channel Progression or BreakGBPUSD has been in a wide ranging Bullish Channel since April 2024. Since then price has
moved from 1.23 to 1.34.
When the channel has been breached to a +or- .25 level, there has been a strong reaction to revert to the 0.5 level or cross to the opposite side of the channel.
In the last trading week this pair has moved into the 0 - .25 level, finishing the week at 1.30688.
An area of interest between 1.290 and 1.30 lies below for Buyers ( who have sights set on 1.34.)
1. Daily Support/Resistance - zone between 1.3020 and 1.3040 which has changed from resistance to now support.
2. 100 MAV - around which price has been supported.
3. Channel -0.25 level - the last point of channel structure
3. Fibonacci OTE zone - an area for optimal trade entry between 1.2895 - 1.2960
4. Bullish Fair Value Gap - on the daily chart an area of market inefficiency exists between 1.2875 to 1.2960 .
Sellers are looking for a clear break of these price structures, and the likely targets below are the last HL at 1.2668 and the Channel Low 1.23.
GBD USD STILL GOT SOME MORE QUICK LONGHi Guys
i was little late this idea to share but i can see some more buys so its worth to try on this trade
Lets see what happens
Good luck
GBPUSD MARKET ANALYSIS TODAYThe image shows a technical analysis chart of the British Pound / U.S. Dollar (GBPUSD) currency pair, specifically for the 1-hour timeframe (1h)
Here's a breakdown of the information presented in the chart:
British Pound / U.S. Dollar: The currency pair being analyzed.
Timeframe: The 1-hour timeframe, meaning the chart shows price data for each hour.
H1.30719: The highest price was reached during the 1 hour.
L1.30707: The lowest price reached during the 1 hour.
C1.30714: The closing price at the end of the 1 hour.
-0.00005 (-0.00%): The change in price from the previous 1-hour period, expressed in points and as a percentage.
Chart Elements:
Candlesticks: The vertical bars that represent price movements over each 1 hour.
Horizontal Lines: The lines indicate support and resistance levels. Indicators: The technical indicators used to analyze the chart, such as the moving averages and Bollinger Bands.
Annotations: The text and shapes added to the chart by the analyst to highlight specific areas or patterns. Interpretation, Without further context or analysis, it isn't easy to provide a definitive interpretation of the market based solely on this chart. However, here are some observations that can be made:
Price Action: The price is currently trading near the support level at 1.30336. A break below this level could signal a further decline, with Indicators of the moving averages and Bollinger Bands suggesting a sideways trend, with the price consolidating between the upper and lower bands.
Annotations: The analyst has highlighted several areas of interest, including potential support and resistance levels, as well as a possible trend reversal pattern.
GBP/USD Bounces from 1.3020: Targets 1.3155 and 1.3260GBP/USD looks bullish after bouncing off the support level at 1.3020. This means buyers stepped in around that price, and the market could be ready to move higher.
The first target for this upward move is around 1.3155, a point where the price might pause or face resistance from sellers. If the momentum continues and GBP/USD breaks through 1.3155, the second target could be around 1.3260.
Traders should also keep an eye on key economic events or data that could impact the market, such as interest rate announcements or inflation figures. If the price drops below 1.3020, the bullish outlook would be invalid, suggesting further downside.
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