GU Can go either way! We need more data before we have a direction this week. The dollar is definitely bullish for the most part so being patient and waiting for a good sale entry might be the best bet.
GBPUSD_SPT trade ideas
Bearish drop?GBP/USD has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.3000
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.3071
Why we like it:
There is a pullback resistance level.
Take profit: 1.2872
Why we like it:
There is a pullback support level that aligns with the 127.2% Fibonacci extension.
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GBPUSD Week 44 Swing ZonesSmooth week 43 price action for 60pp
Week 44 SZ are set.
In between however, recalculated levels can be produced based on price action.
GBPUSD💡The GBP/USD pair is moving within a descending price channel on the 4-hour frame, indicating a general bearish bias. Specific levels (R.1 for resistance and S.1 and S.2 for support) can offer trading opportunities. Buying may be appropriate when approaching support areas, while selling may be appropriate when approaching resistance areas. Monitoring the pivot point (P.P) area is important, as it may determine if there is a reversal in the trend.
⛔️Not investment advice, for educational purposes only
GBPUSD💡The GBP/USD pair is moving within a descending price channel on the 4-hour frame, indicating a general bearish bias. Specific levels (R.1 for resistance and S.1 and S.2 for support) can offer trading opportunities. Buying may be appropriate when approaching support areas, while selling may be appropriate when approaching resistance areas. Monitoring the pivot point (P.P) area is important, as it may determine if there is a reversal in the trend.
⛔️Not investment advice, for educational purposes only
GBPUSD 4H Outlook | BearishGBPUSD is continuously making LH, LL.
Earlier, the daily and 4H timeframe made divergence, followed by a flat top divergence after which this bearish trend started.
It has formed a bearish channel that is still valid.
A key support area is found around 1.26105.
Trade plan:
Place a sell stop order when LL breaks
Stop Loss: 1.29984
Sell Stop : 1.29035
TP1: 1.2809
TP2: 1.2714
Start with a minimal position and add after channel confirmation.
GBPUSD Wave 5?GU on the weekly looks set to be climbing to higher highs from here. However the corrective wave on lower timeframe is not very convincing. It might a complex ABC wave. I will take the trade with a tight stop loss.
Confluence:
H4 divergence
Point of control
Lines up with Elliot wave rule
Points to take note:
Corrective wave is not clear
GU ARE WE GONG LONG DICK OR WHAT HEY GUYS we looking bullish on GU but beware this spooky season cause we have ballots opening this week and many red folders coming out alright my organic grown traders yee hee
British Pound's Next Rounds(Analysis of the British Pound)
The British Pound has been experiencing a decline. Our chart analysis reveals a consistent trend respecting established support and resistance zones. Currently, the trend is bearish, with a recent reversal from the resistance zone. To manage risk, we've set our stop-loss above the resistance level.
Trade Strategy:
We've divided our take-profit into two parts:
1. The first target is at the support level.
2. The second target is below the support level.
Trade Management:
If the first take-profit is achieved, we'll monitor the trend for a potential breakdown. If it occurs, we'll proceed to the second take-profit. However, if the trend reverses from the support level, we'll close our positions with only the first take-profit.
1.285 target Technical Analysis: GBP/USD has shown resistance near the 1.30 level in recent trading sessions, which has consistently acted as a barrier against upward movements. With current downward momentum, the next significant support level is at 1.285, a zone that has previously held when GBP has faced similar selling pressure. This makes 1.285 a viable target for downward movement if resistance at 1.30 remains unbroken
Market Sentiment and Fundamentals: The U.S. dollar is currently strong due to robust U.S. economic indicators, particularly employment and inflation resilience, which support the USD’s position relative to GBP. Additionally, as the Bank of England maintains a cautious stance on further rate hikes, the GBP lacks sufficient bullish drivers, making a pullback toward 1.285 likely if USD momentum persists
Expected Economic Data Impact: Upcoming U.S. data could reinforce dollar strength if it aligns with recent trends. This expectation for continued dollar demand supports a bearish view on GBP/USD and aligns with 1.285 as a feasible target within the week.
GBPUSD IDEAThe resistance retest ended with a bearish bar. The price is likely to head towards 1.29131 Further rebound is possible before further decline.
GBPUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.29750 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.29750 support and resistance area.
Trade safe, Joe.
My Bullish GBP/USD Strategy Using X1X2!You have no idea how many opportunities are there when you're simply following "X1X2"!
I invite you to engage with me in this analysis!
Current Fundamentals Supporting a Bullish Bias on GBP/USD:
1. Positive UK Economic Data: Recent reports indicate that the UK's GDP expanded by 0.2% in August, aligning with analyst expectations. Additionally, industrial production and manufacturing have shown growth, which supports the Pound's strength against the Dollar.
2. Diminishing US Dollar Strength: The US Dollar has faced selling pressure, particularly in light of recent mixed macroeconomic data. A softening inflation rate and rising initial jobless claims have raised concerns about the US economy, contributing to a bullish outlook for GBP/USD.
3. Market Sentiment Shift: An improving risk mood among investors has led to optimism regarding potential Federal Reserve rate cuts. This sentiment has weakened the Dollar, allowing GBP/USD to gain traction above key support levels.
Utilizing Probabilities in My Swing Trading Strategy:
In my trading approach, I employ a system known as X1X2, which focuses on probabilities to determine optimal entry points for long positions in GBP/USD.
In conclusion, my bullish bias on GBP/USD is supported by favorable economic indicators from the UK and weakening US economic data. By leveraging probabilities through my X1X2 system, I aim to position myself effectively for potential long trades in this pair.
1W:
3H:
GBPUSD- SHORT Bearish Indicator :
1- Series of LH and LL
2- Formation of Bearish Engulfing Candle
Entry Price - 1.29529
SL - 1.3009
TP1 - 1.29037
TP2 - 1.28541
GBPUSD Buy hindsight ICMARKETS:GBPUSD look for a buy-side trade entry when the LP is exhausted. How about you folks? Please comment below.
GBPUSD H1The British pound managed to regain positivity before the weekly close, so we are looking to buy from the 1.29473 levels.
Our targets are at the levels: 1.30711.
The second level: 1.31025.
The third target: 1.31670.
The stop is at the levels: 1.28950
CAPITALCOM:GBPUSD
GBPUSDBP/USD is exhibiting downward pressure, presenting a potential short trade setup as the pair responds to a strengthening U.S. dollar and ongoing economic uncertainty in the UK. Key technical indicators, such as the Relative Strength Index (RSI) showing bearish divergence and the pair trading below its 50-day moving average, suggest a continuation of the downward trend
GBP_USD TIME TO SELL|SHORT|
✅GBP_USD fist made a
Breakout of the key horizontal
Level of 1.3050 then made a
Pullback and a retest and is
Going down again so we are
Bearish biased and we will
Be expecting a further
Move down
SHORT🔥
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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
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
