GBPUSD Pattern FormationThe currency has been on the bearish run since the FOMC news and I am looking to continue shorting this currency,
Let us see if it will cover the Inverted FVG before liquidating the Daily Sellside Liquidity.
GBPUSD trade ideas
GBP/USD Short bias - Targeting Last week's low.The GBP/USD pair saw a bullish trend yesterday following better-than-expected claimant data. However, today's inflation rate increase to 2.6% from 2.3% has put pressure on the pound With the Federal Reserve expected to lower rates later.
Following the bullish Monday and Tuesday days, this means might just show price opened and rallied above last week's close and might now be distributing lower.
The pair saw Asian highs and lows taken out, leaving a sell-side imbalance in the 1-minute timeframe. With the short bias identified, this creates a near-perfect entry targeting sell-side liquidity on previous weekly lows and partials along the road.
Bias: Short
Entry: 1.27070
Targets:
Previous weekly lows
GBPUSD POSSIBLE SELL Based on DAILY the market still bearish.The 4HR TF, the market seems to be forming a possible reversal pattern.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
GBP/USD Breakdown TradeOpened with a Sell Stop order below consolidation.
📉 Price broke down sharply as expected.
Entry: 1.26833
Stop-Loss: 1.27306
Target: 1.25200
Closed half the position to secure profits. Keeping the rest open for further downside—no rush to close it yet!"
Bullish Cypher inside a Running Flat Imagine That .One of my favorite advanced patterns is the Cypher , and i see running flats all the time that usually work the way i think they will , so I'm buying here
GBPUSD price analysis December 18The correction trend may extend to 1.267 when breaking this zone will soon reach the old bottom around 1.260. The break out resistance zone is still a notable zone today. If breaking this zone, it will confirm the uptrend and head towards 1.278.
GBPUSD SELL 30 MINUTE TIME FRAMESTRONG SUPPLY ZONE
Multiple Failures to make higher high
Expecting a 2:5 Risk to Reward Let’s see!
GBPUSD SHORT Market structure bearish on HTFs 30
Entry at Daily and Weekly AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Previous Structure point Daily
Around Psychological Level 1.26000
H4 Candlestick rejection
Rejection from Previous structure
Levels 9.57
Entry 105%
Hit 1st TP of 41pipsAs analysed earlier, Price have retreated to previous LH area and my swing trade buy entry target was met at 41pips.
Expect price to hover around this zone a bit and afterwards commence bearish direction to set a new low around previous day's support area
GBPUSD BEARISH IDEAGBPUSD price attempting to break the weekly bearish flag possibly attempting to test previous weekly structure lows
Daily chart shows a possible divergence creating a thesis that a possible pullback is imminent that could test previous support turned resistance for possible bearish continuation set up
note:
The indicator you are seeing in the chart are bollinger bands with 200 sma that would show if price is over extended long term. this indicator is set to daily so that if you scroll down to lower time frame what you will see is the same indicator but set to daily. The RSI is the regular rsi with 100sma bollinger band for long term trend shifts in momentum.
4h or 1h chart would be the execution chart if I will see pull backs to fib levels using RSI midline and sma as confluence
GBPUSD SELL!!!!!GU sentimental is bearish today, and early morning it took out the London session low. Now, let's take a short position
We first aim for 1:1 the 1:2 after securing some profits
GBPUSD SELL PROJECTION SL: 1.26346(please let this be based on your acct management)
EP: 1.26065
TP: 1.24888
No confirmation in the small TF no entry
"GBP/USD Short Setup: High Risk-to-Reward with 15-Minute Candle "This GBP/USD short position offers a strong risk-to-reward ratio. The stop loss is set near 1.27518, while the target is significantly lower, around 1.24980. Currently, price consolidates near 1.27103, and I’m waiting for momentum confirmation on the 15-minute candle. Once a bearish confirmation candle closes, I’ll consider this position active. The risk zone is clearly defined above resistance, and the potential for downside is supported by recent price action and volume behavior. The RSI is also moving downward, suggesting weakening buying pressure. Waiting for further confirmation ensures a higher probability setup."
GBPUSD daily Market outlook!GBPUSD DAILY MARKET OUTLOOK seems promising for buyers as we may likely see some bullish price action developments away from that level. It’s a good too to go Long on the pair. A good risk to reward is anticipated.
Pound still holding the shark, The C wave up into the 12960-130 ( 5-0 pattern completion) area could be nearing the start lets see if we can hold. I'm still looking for the reversal
2.5R on GBPUSDHello unfortunately I could not record this trade
We had 3 touches on the trendline which spiked my interest for a traditional trendline breakout strategy.
Then another retest with another trend.
This trade was largely influenced by NEWS
Identifying Support and ResistanceFor effective trading, identifying key areas of support and resistance is crucial as these levels act as barriers within market trends, affecting asset prices. Support and resistance levels are not just arbitrary points but are derived from previous price history where a price halted and changed direction.
GBPUSD , General Trend Continuation I’m anticipating the markets to fall against DXY, and RISK ON scenario creates an opportunity to enter bearish market from the retraced price into FVG, I am looking for a huge fall
Possibility of correction It is expected that after some fluctuation and correction, the previous ceiling will be broken and we will witness the continuation of the upward trend. Otherwise, a reversal will take place and a bearish trend will be likely
Gbpusd for shortPrice broke out of a rising wedge and retested the previous resistance zone and formed a bearish engulfing candle.
