GBPUSD.. near to his support? expected bounce??#GBPUSD.. market just near to his supporting area that is 1.2550 around.
and if market hold it then we can see a bounce from here.
don't short pair until market hold 1.2550
good luck
trade wisely
USDGBP trade ideas
Timing GBP/USD’s Pullback
With GBP/USD pulling back against the dominant downtrend, let’s explore the various ways traders can approach selling into this retracement. A blend of technical insights and a disciplined strategy is essential to navigating such setups effectively.
GBP/USD: Assessing the Pullback
Over the past two weeks, GBP/USD has been in mean reversion mode, bouncing higher after hitting six-month lows following the US election, which bolstered the dollar. Friday’s price action formed a small bearish pin-bar candle—a signal worth noting as it suggests that the momentum driving the pullback may be losing steam. Adding to this, the pullback appears to have taken the shape of an ascending wedge, a pattern often associated with market compression and potential reversals.
GBP/USD Daily Candle Chart
Past performance is not a reliable indicator of future results
Trading the Pullback: Opportunities and Considerations
Pullbacks like this offer a chance to align trades with the dominant forces in the market while optimising risk-to-reward ratios. However, balancing these opportunities with the probabilities of success depends on several factors, including trading experience, risk tolerance, and the time available to monitor the markets.
Let’s explore three approaches to selling into GBP/USD’s pullback:
1. Aggressive Approach: Selling on a Retest of the Pin-Bar High
This approach targets immediate entry near the high of the bearish pin-bar candle formed on Friday. The primary advantage here is favourable risk/reward—stops can be placed just above the high of the pin-bar, creating a tighter stop-loss. The downside, however, is the lower probability of success, as this strategy assumes the pin-bar marks the end of the pullback without waiting for confirmation.
2. Conservative Approach: Waiting for a Daily Close Below the Wedge
For those who prefer patience over precision, waiting for GBP/USD to decisively break and close below the ascending wedge on the daily chart could be a safer option. This strategy increases the likelihood of entering after the pullback has conclusively ended. The trade-off, though, is a potentially wider stop-loss to account for increased volatility and a less optimal entry point.
3. Strategic Approach: Using a Lower Timeframe
By shifting to the hourly chart, traders can pinpoint break-of-structure levels within the ascending wedge. Selling into a decisive breakdown allows for a highly precise entry with a favourable risk/reward ratio. The downside is the increased time commitment needed to monitor charts and the potential for false breakouts on lower timeframes.
GBP/USD Hourly Candle Chart
Past performance is not a reliable indicator of future results
Key Events to Watch
Today, Bank of England Deputy Governor Dave Ramsden will speak at the Official Monetary and Financial Institutions Forum, addressing financial stability and the BoE’s toolkit. His remarks could influence sentiment around GBP. Additionally, on Wednesday, the US will publish November CPI inflation data—an event likely to impact the US dollar and shape the next phase of GBP/USD’s trajectory.
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GBPUSD long 30 min chart 08 Dec to 13 DecWait for pull back 23 pips to support at 1.27023 and enter on break and retest .
TP is 1.28341 which is resistance on the 4 hour.
Fibs are all aligned too so hoping for 120 pip move here.
Method just key levels Fibs and support and resistance
GU BUYSwe could continue the bullish uptrend and I believe we will see a push from where I have placed the long position.
GBPUSD LONG - NEW STRATEGYI have been working hard on a new Lower time frame Long/Short early momentum strategy. Larger drawdown but much bigger Risk to reward.
Forward testing mode on a live account. Lets see how we shape up compared to the backtest...
(separate account to my HTF long only momentum strategy)
TP1- 1.28812
TP2- Manual Close TBC
New Strategy Log
Trade 1- BNBUSDT - (-1)
Trade 2- BTCUSD - (-0.5)
Trade 3 - ETHUSDT
Trade 4 - EURUSD (-1)
Trade 5 - GBPUSD
High chance buying areathis is my simple analysis I've decided to share. I won't go into much details but I'm using H1 and M15 for confirmation
GBPUSD should melt even further todaythe GU has been seen retracing, following the NFP news release last Friday . currently i think the retracement is over and price would melt towards the down side for further sels
GBP/USD ENTRYfrom 15 min there is a certain structure that support our to long GBP/USD.stop loss around 1.27389
09.12.24 Morning ForecastPairs on Watch -
FX:GBPUSD
FX:EURUSD
FX:AUDNZD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
GBPUSD Analysis – Key Zones and Trade OpportunitiesMarket Context:
The GBPUSD pair has been consolidating around key support and resistance levels over the past sessions. Using the **Enigma End Game Indicator**, we've identified high-probability zones for potential reversals and breakouts.
📊 Current Setup:
- Buy Zone: Marked by key support (Buy-At or Below).
- Potential entry for a bullish move targeting liquidity above recent highs.
- Watch for a confirmed retest and bullish rejection before entering.
- Sell Zone: Marked by resistance (Sell - At or Above)
- Expect the price to retrace after tapping into this zone.
- Look for bearish confirmation (e.g., candle closes below support) to enter short.
🔍 Key Levels to Watch:
- Support: 1.27256
- Resistance: 1.27678
- Target Levels:
- Bullish targets:
- Bearish targets:
💡 Commentary:
The price is showing signs of liquidity grabs at both ends, aligning with previous session highs and lows. A reversal or continuation is likely based on how price reacts to these levels.
Follow the structure, not the noise. Wait for confirmations before taking any trades.
✅ Trading Plan:
- Buy Strategy: If price holds above support, enter on retest with stops below the zone.
- Sell Strategy: Look for rejection at resistance and enter short with stops above the recent high.
🚨 Risk Management Reminder:
- Maintain a minimum 1:2 risk/reward ratio.
- Adjust position size according to your risk tolerance.
🔔
What’s your outlook on GBPUSD this week? Share your thoughts or trade setups in the comments! Don’t forget to follow for more high-probability trade ideas using the Enigma End Game Indicator.
GU SELLhigh probability opportunity, OB + F + P, could see some volatility once price enters that zone
gbpusdhello everyone... price picked up from the strong resistance trendline.. price may pull back in lower tf like 15min-1hr.. target is 1.309 for now could go higher depending on the fundamental.
good luck
GBP/USD Positioned for Gains Amid DXY BearishnessTechnical Analysis
Monthly Chart:
On the monthly chart, GBP/USD appears overextended to the downside, showing signs of exhaustion in its bearish momentum. This overextension suggests that a reversal or correction is likely, aligning with broader dollar weakness.
Weekly Chart:
The weekly chart also indicates a slowdown in bearish pressure, with candles forming near key support zones. Buyers seem to be stepping in, reinforcing the potential for a trend shift.
Daily Chart:
The daily timeframe shows a strong bullish reversal pattern, signaling a potential trend change to the upside. This reversal is supported by the weakening DXY, which aligns with GBP/USD's upward momentum. The combination of a technical reversal and a fundamentally weaker dollar positions GBP/USD for further gains in the short to medium term.
Fundamental Analysis
Impact of the U.S. Dollar:
The bearish outlook for the DXY directly supports GBP/USD’s potential for upside:
Liquidity Grab in DXY: The recent liquidity grab above 107.348 on the DXY suggests a move lower for the dollar, which would bolster GBP/USD strength.
Federal Reserve Outlook:
Concerns over further rate cuts due to inflation risks are keeping the dollar volatile.
Seasonal labor market strength in November and December may delay immediate rate cuts, but any signs of weakening unemployment or inflation stabilization could lead to long-term dollar weakness.
Upcoming Catalysts:
Key U.S. data releases such as Nonfarm Payrolls (NFP) and unemployment rates could create significant volatility. If unemployment increases and inflation stabilizes, GBP/USD could see stronger upward moves.
GBP Fundamentals:
UK Economic Resilience: Any positive data from the UK economy, such as improved GDP growth or strong employment figures, could further fuel GBP/USD's upward trend.
Rate Differentials: If the Bank of England maintains or raises interest rates while the Federal Reserve signals potential cuts, GBP/USD could gain additional support.
Summary and Outlook
Technical and Fundamental Alignment:
GBP/USD is well-positioned for a bullish move, supported by:
A technical reversal pattern on the daily chart, signaling strong upward momentum.
A bearish outlook for the DXY, indicating broader dollar weakness.
Key upcoming U.S. data releases that may provide further catalysts for a GBP/USD rally.
Price Expectations:
Short-Term: GBP/USD could continue its bullish push, breaking above immediate resistance levels.
Medium-to-Long-Term: With continued DXY weakness and supportive UK fundamentals, GBP/USD may sustain its upward trajectory toward major resistance zones.
GBP/USD’s technical and fundamental alignment makes this pair a strong candidate for further upside potential in the coming weeks. Traders should watch for confirmation from U.S. economic data to reinforce this analysis.
GBPUSD → FOR DAY TRADERGBP/USD Technical Outlook: Bullish Reversal Potential
Looking at the GBP/USD chart, we are seeing a potential bullish reversal forming. After testing the recent support zone around 1.2200, the pair has been showing signs of recovery. Price action indicates that the market might be preparing for an upward move, potentially towards the next key resistance levels.
Key Observations:
Support Bounce: The pair recently bounced off the strong support area at 1.2200, where multiple previous price reactions suggest a significant zone for buyers.
Bullish Divergence: A noticeable bullish divergence on the RSI signals that momentum could be shifting in favor of the bulls, confirming the potential for a reversal.
Moving Averages: The 50-period moving average is starting to flatten out, and if price breaks above it, this could further confirm the upward momentum.
Resistance Levels: The next key resistance is near 1.2400, which aligns with the previous swing highs. A breakout above this zone would be a strong signal of continuation towards 1.2500.
Conclusion: Given the recent support and bullish technical signals, I am expecting GBP/USD to make a move higher in the coming days. If the pair can break above 1.2400, we might see a more significant rally. However, a failure to break resistance could lead to further consolidation or even a retest of lower levels.
Risk Management: Always consider proper risk management and wait for clear confirmations before entering any trades.
GBPUSD Sell Limit OrderHi everyone.
I think with this bearish engulfing candle we have an area with a good potential to go short.
Lets see what happens...
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
BUY GBPUSD 700 PIPS LONG POSITION In Monthly analysis there is a upper channel trend so if the trend continues maybe it will target 1.3440 with 700 pips target good luck
GBPUSD - Bullish TrendFollowing are the factors involved in continuation of Bullish Trend:
1. Series of Higher Highs and Higher Lows
2. No Divergence on RSI
3. Bullish Trendline acting as Support
GBPUSD
🌟 **T.Y.L.A. Team – Here's Our Latest Setup!** 🌟
We’re entering **GBP/USD** with confidence! 🎯
- **Entry:** 1.27754
- **Stop Loss:** 1.27098
- **Take Profit:** 1.29480
This setup aligns perfectly with our proven, risk-managed strategy. Remember, this isn’t about luck—it’s about *consistency*. Trust the process, manage your emotions, and let the strategy work for us.
Every trade is a step toward growth, whether it hits TP or teaches us a lesson. Let’s keep our eyes on the bigger picture—steady, reliable gains month after month. 🚀
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Potential bullish rise?The Cable (GBP/USD) has reacted off the pivot which is an overlap resistance and could rise to the 1st resistance which acts as a pullback resistance.
Pivot: 1.2686
1st Support: 1.2529
1st Resistance: 1.2907
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GBPUSD: Bullish Reversal Now Confirmed?!Check out 📈GBPUSD.
There are clear indications of a bullish reversal on the 4-hour chart:
the price formed a significant inverted head and shoulders pattern,
and both the neckline of this pattern and the resistance line of a descending parallel channel have been violated.
I expect the price to rise from here.
Target: 1.2833
SELL GBPUSDThis pair is looking to find support before a potential bullish run. It is essential to trade what the market offers, in the back of your mind, remembering the main bias. Right now we see potential sells towards 1.271 through this head and shoulders pattern.
GBPUSD SHORT4H seemed to be coming off a previous supply, and the 4h swing just broke the high, so it looks more likely we will get a pullback. 4H internal structure or M15 swing structure has also changed bearish. All of this supports that we should get a pullback before the higher timeframe continuation long
GBP/USD Longs from 1.2700 for another potential rally.This week, I expect GBP/USD to continue its bullish trend. I’ve identified 5-hour and 4-hour demand zones as key areas where I anticipate a retracement. In these zones, I’ll be watching for potential Wyckoff accumulation, signaling the continuation of the uptrend. Once price reaches these demand zones, I’ll wait for further confirmations before entering any trades.
If the price continues rising without retracing, I’ll consider potential sells around the newly created 2-hour supply zone, though its validity isn’t strong. My decision will depend on how well the lower timeframe execution model develops in that area.
Confluences for GBP/USD Buys:
- Bullish Momentum: The pair has been in an uptrend for the past two weeks.
- Liquidity Above: There’s still a significant amount of upside liquidity to be taken.
- Weekly Supply Zone Mitigation: Price has reacted and moved away from a major weekly supply zone.
- Demand Zone: A clean demand area below suggests a likely retracement point for price.
Note: As we approach mid-December, I expect market volume to decrease due to the upcoming holidays, which could lead to slower price movements. This is worth considering when planning entries and exits.
