GBPUSD - Bullish Bias
Retracement has been completed.
I can see the divergence with double bottom, confluence to the trend reversal.
wait for 2 candles to close above MA (13), Reversal will be confirmed as per my scenario 2 to ride the trend..
GBPUSD trade ideas
GBPUSD OverviewFor GBP/USD, I expect the price to continue dropping towards the 1.28655 level, aiming for the demand zone below.
DeGRAM | GBPUSD a pullback from the trend lineGBPUSD is moving in an ascending channel between the trend lines.
The chart has formed a reversal harmonic pattern.
Having reached the level of dynamic resistance, the price sharply went down, which has already happened on the chart for the second time.
The pair touched the dynamic support.
We expect the continuation of the pullback to the correction level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
GBPUSD LONG TRADE - 21/10/2024- Bullish divergence on 4 Hour and 1 Hour Time Frame
- DOW Theory LH Broken and First HH formed entry based on 0.618 Fib level retracement with Bullish Candle Close (Partially Risky Trade)
- Riding Till Strong 2023 High Resistance Level
Must I Trade The Current Trend, If Yes, Then Am Bullish On GBPUSOANDA:GBPUSD
Emphatically, I analyze and trade the current flow, or what you can also call the current price action, looking at the 4H Timeframe you can notice a strong buy momentum, creating new structures and leaving gaps behind to be mitigated or filled, once that is achieved by a pullback, which will also take out the liquidity, GBPUSD will irresistibly continue the rally to make a new higher high.
Sit back and watch, or do your own research and join the flow. If I may ask, what would you have done currently, considering the latest steady movement, Buy or Sell?
GBPUSD is Bullish short-termGBP/USD Technical Analysis (1-Hour Timeframe) - Current Price: 1.3040
Trend Overview:
GBP/USD is in a short-term uptrend on the 1-hour chart, with the price trading above key moving averages, reflecting bullish momentum.
Key Levels:
Immediate support: 1.3000 (psychological level) and 1.2965 (recent swing low).
Immediate resistance: 1.3075 (recent high) and 1.3120 (next key resistance).
Price Action:
Price action shows higher highs and higher lows, indicating continuation of the upward trend.
A potential bull flag pattern is forming, signaling a possible breakout above 1.3075.
Potential Scenarios:
A break above 1.3075 could see the pair advance toward 1.3120 or even higher.
On the downside, if price falls below 1.3000, it may pull back further to 1.2965.
Conclusion:
The short-term bias is bullish while above 1.3000, with upside potential toward 1.3120 if 1.3075 resistance is breached.
Buy GBPUSDBuying GBPUSD now at 1.303 targeting 1.33. Price seems to be forming a head and shoulders pattern hence we are buying on the creation of the right shoulder.
Gbpusd new demand zoneHello everyone, I've identified a fresh demand zone in the GBP/USD pair, and the location looks quite promising. You can approach this trade in two ways: either set a buy limit at the weekly demand zone or use price action to enter on lower timeframes. Personally, I use both strategies.
As always, it's essential to apply proper money management and never trade without setting an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be evaluated over a series of trades, not just one.
Thanks!
Bullish long term on Sterling on HT the sterling still holds a high Bullish momentum regardless of the current price bull back . my charts clearly indicates the key levels and we shall have daily charts review as the markets move along withe news impacts
please these are my own markets review and if u have any questions feel free to have your thoughts in the comment section.
Long GBPUSDGbpusd making a bullish divergence at 1h TF, also break their last lower high, I put my entry at 0.5 retracement a t put my sl to below last low.. if we put our entries at these levels we can make a good profit.
GBPUSD H8 - Long Signal 1.30 HANDLE GBPUSD H8
We broke slightly south of our 1.30 handle and psychological price late last week, that being said, it was fairly minor, merely just 30 points. We have now adjusted our entry price and SL positioning in the case this setup wants to attempt to break higher. We have an attractive area of support and demand, mixed with the previously mentioned confluences.
Not a great deal of data out today, so maybe it’s worth monitoring these trading zones and prices and waiting until the volume really starts to drive in. DXY approaching that 104.000 number, this is where we would expect rejections and therefore GBPUSD to climb higher, but in the interim, this may lead GPBUSD to trade south of 1.30 again in the short term. Let’s see what unfolds, but this is certainly on the watchlist this week.
GBPUSD**GBPUSD:**
This week's forecast is for the price to bounce off the bottom of the channel and then rise again.
GBP/USDTechnical Analysis: GBP/USD
Before using this signal and analysis, be sure to check your analysis chart.
Attention!!!
In these analyses, only technical analysis is considered
So be sure to check the basic news before entering.
Attention!!!
If the trading symbol of the bank is closed, do not trade that symbol!!
Attention!!!
100% does not exist in financial markets
So don't enter this signal hoping for a definite profit
Weekly Market Wrap With Gary Thomson: 14 - 18 OctoberWeekly Market Wrap With Gary Thomson: GBP, EUR, Natural Gas and NVIDIA (NVDA) Shares
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
— Pound Falls After Inflation Report
— Euro Tests Key Support Levels Ahead of ECB Meeting
— Natural Gas Price Drops Over 8% Since the Start of the Month
— NVIDIA (NVDA) Shares Fall Over 4%, Missing a Record High
Stay in the know and empower yourself with our short, yet power-packed video. Watch it now and stay updated with FXOpen. Don't miss out on this invaluable opportunity to sharpen your trading skills and make informed decisions.
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
GU short Forecast for the week for GU is Short.
Lets see Until Tuesday . Its still early of the week.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.30650 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.30650 support and resistance area.
Trade safe, Joe.
GBPUSD - In Bullish TrendGBPUSD is currently on weekly resistance, if it breaks its recent Lower High you can take your buy entry in it. Fundamentally GBP is weeker than USD but USD already do its bullish relly that why it will retrace little bit. Moreover, take profit and stop loss already mentioned on chart.
Happy Trading :)
Fundamental Market Analysis for October 21, 2024 GBPUSDThe GBP/USD pair has been unable to capitalise on the modest recovery gains recorded over the past two days and has been fluctuating in a narrow range around 1.30500-1.30450 during Monday's Asian session. Spot prices remain close to the one-month low reached last Thursday and are likely to extend the recent pullback from the 1.34350 area, the highest level since March 2022.
The unexpected decline in the UK Consumer Price Index (CPI) to its lowest level since April 2021 and below the Bank of England's (BoE) 2% target has increased the likelihood of an interest rate cut of 25 basis points (bps) at the 7 November meeting. Furthermore, market expectations are that the Bank of England may cut interest rates again in December, which could continue to exert pressure on the British pound. This, along with the bullish sentiment surrounding the US dollar, indicates a negative outlook for the GBP/USD pair.
The market is increasingly confident that the Federal Reserve (the Fed) will continue to moderate rate cuts next year, which is keeping US Treasury yields high and acting as a tailwind for the dollar. Furthermore, geopolitical risks are providing additional support for the US dollar.
In the absence of any market-important economic releases from the UK or the US, the aforementioned fundamental backdrop indicates that the path of least resistance for the GBP/USD pair is downwards. Therefore, any intraday upward movement should be viewed as a potential selling opportunity. However, those with a bearish outlook may wait for a consolidation below the 1.30000 psychological mark before placing new bets and positioning for a decline towards the 100-day simple moving average (SMA) support, which currently sits at around 1.29600.
Trading recommendation: Trading predominantly Buy y orders from the current price level.
GBPUSD SELL DAILY TIME FRAMESTRONG SUPPLY ZONE
Price has to feel the gap below
Either reacting on the bottom level support or possibly break it
Around price 1.28685
Expecting a 5:1 reward, Let's see!
Could the Cable rise from here?The price has reacted off the resistance level which is a pullback resistance and could potentially rise from this level to our take profit.
Entry: 1.3033
Why we like it:
There is a pullback resistance level.
Stop loss: 1.2981
Why we like it:
There is a pullback support level.
Take profit: 1.3146
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
