GBPUSD BULLISHGBPUSD is on good support
break the lower high and print new HH
now its on good level for buying
GBPUSD trade ideas
GBPUSD Analysis!!!Dear Traders,
I'm observing a descending channel on GU, and expecting price to approach a key resistance zone around 1.3110 - 1.3170, marked in red. I'll be looking for bearish signs with clear confirmation, in this area to consider potential short entries. Should GBPUSD respect this resistance, it may retrace downwards, targeting support levels around 1.2900 and potentially reaching the 1.2820 zone if bearish momentum persists.
However, if buyers break through the resistance, I expect further bullish movement towards the upper yellow zones. Monitoring closely for confirmations before taking any position. 🚨
Any question comment me bellow!
BUY opportunityThe GBPUSD pair presents an enticing BUY opportunity at the current price of 1.29614, with favorable potential for profit.
Targets:
Primary Target: 1.30990
Secondary Target: 1.34350
Breakout Scenario: 1.28800
In the event of a breach above the resistance level of 1.28800, indicative of a bearish breakout, the target price is anticipated to ascend towards 1.28000.
Technical analysis indicates a notable buying sentiment prevailing in the market at the present price level.
Fundamental factors align with the proposed buy strategy, suggesting downward pressure on the GBPUSD pair.
Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements.
Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
GBP/USD Brief UpdateGBP/USD is currently recovering from the lows due to the weakening USD amid market expectations that the Fed will pause its rate hike. However, the pair is still moving cautiously around 1.3000 in the European session on Wednesday, as traders await key releases: the UK Autumn Budget, the US ADP jobs data, and the Q3 Preliminary GDP report due later in the day.
On the technical chart, the support level of 1.2970, defined by the 34-day EMA, remains as a stable pivot. At the same time, the recent bearish wedge breakout is reinforcing the uptrend, suggesting that buyers are in control in the medium and long term. Victor expects that, in the short term, GBP/USD will continue to move upwards with the next targets on H1 at 1.3050 and 1.3100.
Get ready for the wave and good luck trading!
GBPUSD 1hIn the gbpusd currency, we see the breaking of the trend line and continue to climb up to the price of 1.30600
GBP/USD - Trade Plan and StrategyThe British Pound (GBP) against the US Dollar (USD) on the 1-hour timeframe has been following a bearish trend, as evidenced by the trendline and the formation of consecutive lower highs (LH) and lower lows (LL). However, the trend appears to be reversing, as the price has broken above the bearish trendline and has started forming higher highs (HH) and higher lows (HL), suggesting a potential shift to an uptrend.
Trade Plan: The plan is to enter a long position if the price breaks above the second higher high (HH) level, signaling a confirmation of the trend reversal. The entry price is set at 1.30205, with a risk-reward target ratio of 1:2. The stop-loss level is set at 1.29575 to manage downside risk, while the take-profit levels are positioned at 1.30830 (TP1) and 1.31460 (TP2).
Smart money concept.GBPUSD i think is going down considering:
1.the 1H downtrend
2.the liquidity and manipulation in 5M.
3.the counter trend in 5M.
4.the supply zone in 30M.
**GBP/USD 15-Minute Forecast: Key Levels in Play**🔄 **GBP/USD 15-Minute Forecast: Key Levels in Play** 📉📈
GBP/USD is currently at **1.29484**, and we're expecting a short-term move up to **1.29861**. If it hits this resistance level, a potential reversal could bring the price down toward **1.28631** as a target.
🔍 **Key Levels to Watch:**
- **Current Price:** 1.29484
- **Resistance:** 1.29861
- **Bearish Target:** 1.28631
💡 **Our Strategy:** Watching for a break at 1.29861 to confirm the setup. This could open up opportunities as the market tests support levels.
👉 Are you on the same page with GBP/USD? Share your insights!
#GBPUSD #ForexTrading #15MinChart #PricePrediction #Pipnest
GBPUSD_119 2024.11.01 07:01:11 Trading Signal BUYFrankPro Signal for GBPUSD_119
Type: Screen
Signal: BUY
TP: 1.29501
SL: 1.28917
Entry Price: 1.2899
Analysis for GBPUSD
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Down
ST=Down LT=Up
ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair:
**Short-term (next few days):**
* The price is expected to go down. The bearish setup targets the level of 1.2900, and the failure to sustain above 1.3000 has led to a rebound downwards, indicating ongoing downward pressure.
* The immediate outlook is cautious due to the ongoing bearish correction, and the pair may attempt to test the support area near 1.2975 before potentially continuing its decline.
**Long-term (next few weeks/months):**
* The overall trend is bearish, and the pair is expected to maintain its downtrend. The technical analysis highlights the importance of watching key levels, and any significant movements will be influenced by upcoming economic data releases.
* However, if the pair can break out above 1.2990, it could potentially lead to a bullish reversal. Nevertheless, this is not the primary expectation based on the current analysis.
In summary, the GBP/USD pair is expected to decline in the short-term, with a potential target of 1.2900. In the long-term, the pair is expected to maintain its downtrend, but a bullish breakout above 1.2990 could potentially lead to a reversal.
Result: ST=Down LT=Down
Analysis Method(1)
Based on the provided analysis, here are my expectations for the GBP/USD exchange rate:
**Short-term (next few days):**
The price is expected to go down. The current bearish setup targets 1.2900, and the recent decline in the pound due to the UK's new budget announcement supports this expectation. Additionally, the technical analysis suggests that the GBP/USD will test the support area near 1.2975, which could lead to further downward movement.
**Long-term (next few weeks/months):**
The price is expected to stay the same or potentially go up. Although the current trend is bearish in the short term, the technical analysis mentions a possibility of continued growth after the support test at 1.2975. Furthermore, the GBP/USD rate had previously re-tested the 1.30 level, indicating that there is still some upward momentum in the market. However, this expectation is less clear-cut than the short-term expectation, and the price movement will likely depend on future market data releases, such as the PCE index.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair:
**Short-term (next few days):**
* The price is currently attempting to break through the lower boundary of an ascending price channel, which suggests a potential short-term downtrend.
* The bearish setup targeting 1.2900 and the expected trading range of 1.2914-1.3050 also indicate a possible short-term decline.
* However, the higher linear regression channel indicating an upward tilt suggests that the downtrend might be limited.
**Expected short-term price movement:** Down (targeting 1.2900)
**Long-term (next few weeks/months):**
* The ascending price channel and the higher linear regression channel indicating an upward tilt suggest a potential long-term uptrend.
* The bullish breakout anticipated at 1.2990 also supports a long-term bullish outlook.
* However, the UK budget and tax hike announcement may continue to influence the pair's direction, potentially leading to further volatility.
**Expected long-term price movement:** Up (with potential for further volatility)
Please note that these assessments are based on the provided analysis and are subject to change as new market data and events become available.
Result: ST=Down LT=Up
GBP/USD Descending Broadening wedge
Today marked the 5th hit on the trendline validating the pattern. Typicllay broadening descending wedges are a bullish sign. Coupled with the fact that GBP/USD made its way very close to key levels of support today and news drops come later today I would expect a breakout coming shortly. I will be patiently waiting for entry into a bullish trend however I have not taken my eyes off the current levels of support. If we break bellow further downward potential is still possible.
**KEYS FOR REVERSAL CURRENTLY MET**
1. Bullish RSI Divergency on 4HR Chart. Current Low set a higher low on the RSI.
2. 5 touches on both sides of the shown pattern (Validating patterns presence)
3. Over a 4% downward move for GBP/USD with no major corrections (I look for 3-5%)
4. At Key Level of Support
GbpUsd Trade IdeaI published a GU short idea not too long ago and spoke about how at the time price was at a higher time frame LH. Price respected the level once where the original shorts took place but now price has broken and retested above the higher time frame LH giving me an opportunity to go long on the pair for a 1:3rr. Bearish structures are now broken with lower time frames to confirm the change of direction. We'll see how this set up plays out.
GU Bearish continuationGU possibly reverses from here taking fair value gaps of great stretch and continuing higher timeframe bearish bias, coming to a temporary equal low and/or breaks low
GBPUSD - Risk On Hedge ShortOk so I am short here GBPUSD as I think this may be quite a significant top here.
Notice similar to dollar inverted that is has tapped into oversold on the week chart.
Also notice that it has hit a very similar RSI as the previous top.
RSI tends to rhyme so this is signalling higher chance of a pivot in this area.
It has also breached the blue 500 week MA.
It has only done this twice since the 2008 collapse; in 2009 and 2014.
On both occasions it immedietly rejected into a sharp downtrend (see chart below).
So this should be an area of heavy resistance.
The trend up from the base appears to be a wonky 5 wave move.
The first 2 waves extend to capture current price within a weak 1:0.618 Golden Window.
And then wave 3 and 4 extend to capture current price within a balanced 1:1 Golden Window.
So in terms of ratio this area is higher probability for a major reversal.
The whole trend has been steadily shallowing to the upside and this may be a sign of weakness.
So there are many alignments signalling that a significant top may be in this area.
This trade is nice hedge against risk on I think.
Because it is bullish dollar.
And if risk on slumps while dollar bounces then this trade can do well.
I haven't set any targets yet as first I would like to see if it becomes impulsive to the downside.
I have opened a position here and may add more on bounces 👀.
2009, 2014 500WMA rejections:
Dollar:
Not advice
GBPUSD scalp entry Wait for retrace and Buy at 1.29404.
This is based on higher time frame and Fibonacci retracement at 0.618 level
We will target 75 pips
30-10 ProbelegGBPUSD 30-10: Just like the EUR, the trend is also changing for the cable. Our alert system shows a different picture outside the trend change, namely a Score of -3 consisting of: Cot Data -2, Retail sentiment 0, Seasonality -1, Trend reading -2, GDP 1, Manufacturing PMI 0, Services PMI 0, Retail Sales 0, Inflation 0, Employment Change 0, Unemployment Rate 1, Interest Rates 0. Nevertheless, we are setting a buy range to follow the trend
**GBPUSD:** **GBPUSD:**
This week's forecast is for a drop to the zone between 1.2696 and 1.2662, which coincides with a key level at 1.2688.
GBPUSD moving in a uptrend , As GBPUSD is already moving in an uptrend, while at the middle of this range area, another resistance appears where a breakout can be seen, A clear symbol of a bullish setup will continue.
Nov XU & GU Daily Updates 2024Hello Traders! I will be tracking XAU/USD and GBP/USD for the month. This week is the U.S presidential election and I would caution trading this week. No need to rush trading the first week of the month.
GBP/USD Short H1Sell Stop Entry @ 1.32037
S/L @ 1.32681
T/P1 @ 1.31039
T/P2 @ --------
R.R.R. @ 1/1.5
Pure Price Action analysis based on Breakout of target level.
GBPUSD -bearish bias Bearish indications:
LLLH
Trend line support broken.
Major support broken at 1.3000 and secondary support of 1.2943
Moving average respected day and 4 hr time frame.
AB=CD which indicates price can down to 1.2626 level.
Bullish indications:
Bullish divergence.
Bearish bias in GBPUSD once the formation of bearish chart patterns from major resistances.
GBPUSD possible buy after NFP Looking to buy GU after NFP news if I get a spike into the highlighted FVG area, my entry will be after 14:30 South African time Johannesburg, after H4 candle close unless H1 14:00 or 15:00 candle respects the FVG.
Entries and results will be posted here...
