STRONG DOLLAR I see the price is interested in the low below,market 1week institutions zone where many sell stop orders are going to be AMD
GBPUSD trade ideas
What will G/U do during NFP?As we get close to the end of the month, I think it will be interesting to see what G/U does.
Here is my take on G/U.. I am looking for continued sells but am also aware that it should be having a PB soon. Will that PB be a slight reversal? I think it is too early to tell, but will watching market open to closely determine my next move for this pair.
Monthly: Overall Bullish -current M Candle opened bearish, possible trend change - 4d to close
Weekly: Trend is currently consolidating, expect possible PB before more sells
Daily: Trend is bearish - prev D candle did not close showing more selling pressure
4hr: Trend is bearish, has just broken out of consolidation for more sells, will be tapping into FVG for possible short term buys
1hr: Trend will continue to be bearish, cross of EMAs, however expect PB before going lower
Gameplan:
1) Wait to see how candles will open, this will determine true direction
2) Look for continued sells with some buying opportunity
3) Wait for all of your confirmations before entering the trade
GBPUSDDaily Bearish
Weekly Bullish
Market is now Bullish. But before we continue bullish, we need to complete a daily storyline first before the bullish weekly storyline we start.
GBP-USD Will Keep Falling! Sell!
Hello,Traders!
GBP-USD is falling down
After the bearish breakout
Of the key horizontal level
Of 1.3041 which is now a
Resistance and we will be
Expecting a bearish continuation
Sell!
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Check out other forecasts below too!
BIG Picture GBPUSD (1W and 1D)On the weekly chart, the market shows a bullish structure. However, it is currently in a decline driven by a rejection block that, according to ICT concepts, signals a trend reversal. In my view, buyers will aim to dominate the market within the Discount FVG zone, with the objective of pushing the price up to the imbalance created above in the rejection block. If the dollar weakens next week, this movement is highly likely.
Daily Analysis
I believe buyers are very interested in the zone between 1.29031 and 1.28570. On Monday, I anticipate a possible manipulation below 1.29110, which is below Friday's low.
GBP/USD Daily Chart Analysis: Short-Term Trend Channel: The price is moving within a downward trend channel, marked in blue. This indicates continued downward pressure in the short term.
Bullish and Bearish Scenarios:
Bullish Scenario: As shown by the blue arrows on the chart, the price might make a corrective move up toward the upper boundary of the channel. The target for this movement could be around the 1.32631 level. If this rise occurs, there could be potential buying opportunities.
Bearish Scenario: If the price reaches the upper boundary of the channel, it might encounter resistance and resume a downward trend. In this case, it could potentially drop back to the 1.2960 level or even lower to the support levels at 1.28166 and 1.26647.
Support and Resistance Levels:
Resistance Levels: The 1.33900 and 1.34450 levels are strong resistance zones. If the price reaches these levels, it may face significant selling pressure.
Support Levels: The 1.28166 and 1.26647 levels are possible support points. If the price declines to these levels, it might find upward momentum.
Risk Management: The red zone appears to be a potential stop-loss area, likely set to manage risk during the upward correction.
Trendline: The yellow trendline forms a significant support area for the price direction. As long as the price remains above this line, there’s a chance for upward movements to continue.
Overall, this analysis suggests a short-term upward correction followed by a potential continuation of the downtrend. Resistance and support levels can be monitored for entry and exit points.
GBP/USD - Daily AnalysisPrice has dropped around 500 pips from its 1.3433 peak at the end of September to 1.2906 at the end of last week.
What's interesting is that price now sits at the trendline. Will price break or bounce? Traders already in sells may be inclined to take full or partial profits at this point.
Traders who are not in the GBP/USD market should consider sitting and waiting for further clues.
GBPUSD WILL FALL GO FOR SHORT Hello Trader , What do you think about GBPUSD? Here on Gbpusd price has fall around level of 1.29232 and now try to reverse so is likely to continue fall after a small reversal so trader can SHORT and expect profit target around level of support. Remember to like and share your thought in the comment !
GBP/USD - The Potential To The Upside Is Extreme!Last week, I made a confident projection that the daily buy stops was imminent of being triggered and what we have seen this week is the opposite playing out.
Although we have seen a continuation to the downside, I still believe that there is a high chance that 1.30497 and above is not a far fetched target going into next week but will sit on my hands and await more confirmation.
Point of no return is at 1.29074.
GBPU/USD Shorts from 1.30200 continue trend!GU Analysis Breakdown:
This week, my GU analysis centres on the idea that price will continue to follow its bearish trend. With a recent structure break to the downside, price has left behind a clean, unmitigated supply zone. I’ll be watching for a retest in this area as an opportunity to catch potential sell positions.
If price revisits the 10-hour demand zone I’ve marked, I’ll also be open to a potential bullish reaction there. Should this demand fail, I’ll look for a deeper mitigation at the next demand level below.
Confluences for GU Sells:
- The DXY has been very bullish, signalling a continued downward bias for GU.
- GU has maintained a bearish structure, aligning with this pro-trend idea.
- An untouched supply zone offers a key area for potential sell entries.
- Significant liquidity below, providing additional targets.
- The 1-hour supply is positioned at the psychological level of 1.30000.
P.S. There’s a strong pool of liquidity above my supply, so if price briefly moves higher to take the trendline liquidity, it wouldn’t be surprising. Stay diligent, and have a great trading week, everyone!
GBPUSD Bullish Idea After a long Bearish Move Finally, GBPUSD is making a new HH. Also, Divergence Spotted on 1h TF.
20241024 - GBPUSD - ShortGBPUSD - Short
Caution: High impact news imminent.
Potential idea on GBPUSD if 15m BOS to the downside occurs.
Entered into 4h point-of-interest.
Wait for Break of Structure to the downside on 15m.
Look for entries on the pull back.
GBPUSD - Run On Short Term Highs Gaps don't always get filled but when you combine it with other factors such as the monthly Sellside liquidity being swept plus a rejection from the weekly volume imbalance, a higher probable approach to running on buy stops seems reasonable.
T1 @ 1.30776
T2 @ 1.31030
T3 @ 1.31173 - 1.31266
Dollar presenting risk on conditions will aid this bias.
3 candle confirmationCheck in M5 for 3 bearish candle confirmation to enter this trade for early, if you don't want to miss out.
Wait for the candle confirmation . Updating this now so later I can update again- Check the comments below for further update later.
Gbpusd ShortLooking at GBPUSD ranging at this specific zone what makes it interesting .
it wants to break the level and goes up but the market keep rejecting this zone.
Already respected 3 times with overall 9 RR. I will taking it again this time as well since risking 1R out of 9RR is ok .
If you are taking this trade alone, look for other confirmations as well.
This confirmations for me is SND with PL at this area. Same goes for the above trade.
GBP USD Trade Setup Possible selling opportunity on GBP USD ???
Double Top at a Supply Zone
Currently forming a Doji and Close below candlestick pattern,
Let me know your thoughts in the comments
GBPUSD Will Grow! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.298.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.306 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
formed H & S and hit the target soonformed H & S and hit the target soon
formed H & S and hit the target soon
formed H & S and hit the target soon
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Will price Break above the protected areaCurrently, GBP/USD is under a bearish trend, but a price break above the protected high could signal a shift to a bullish outlook.A notable institutional barrier appears around 1.29884, implying that significant market orders or a "sell wall" may be in place to prevent upward movement. This level acts as a protective ceiling, and failure to break above it reinforces the bearish trend, potentially steering GBP/USD toward lower support levels
gbpusd buyGBP has seen some weakness for the past few weeks, now as DXY is about to be dumped to the downside i am seeing a GBPUSD move to the upside.
gbpusd insightformation of head and shoulder patern and liquidity grab on the sell side. markets looking at 1.30505 where buy orders are located.
