GBPUSD getting ready to filled Daily ImbalancesGBPUSD sweeps the Sell Side liquidity from the daily timeframe, showing a buying interest on the 1h and 15mins timeframe.
USDGBP trade ideas
GBPUSD Elliott Wave Double Three Correction in ProgressAfter forming the low on September 26, 2022 low, GBPUSD shows an incomplete higher high bullish sequence. This suggests the right side is higher and dips therefore should see support in 3, 7, or 11 swing. The pair is currently correcting cycle from 10.4.2023 low. Internal subdivision of the correction is unfolding as a double three Elliott Wave structure. Down from September 26, 2024 peak, wave W ended at 1.3089 and wave X ended at 1.3175 as 1 hour chart below shows.
Pair has resumed lower in wave Y with internal subdivision as a double three in lesser degree. Down from wave X, wave (a) ended at 1.3019. Wave (b) rally ended at 1.31 and wave (c) lower ended at 1.297. This completed wave ((w)) in higher degree. Bounce in wave ((x)) ended at 1.307 with internal subdivision as zigzag. Up from wave ((w)), wave (a) ended at 1.302 and wave (b) ended at 1.297. Wave (c) higher ended at 1.307 which completed wave ((x)). Pair has resumed lower in wave ((y)). Near term, as far as pivot at 1.3175 stays intact, pair has scope to see further downside. Potential support below is at 100% – 161.8% Fibonacci extension of wave W. This area comes at 1.262 – 1.283.
GBP USD shortI am to expect a possible retracement upward reaching 1.30200 or beyond. Price may take liquidity and may perform stop hunting. Dollar price index indicates a strong upward trend, though retracing for the time being.
Looking for a short when price will reach 1.30200. Safe sell zone.
It's always safe to have stop losses. In here you can see a possbile sl and tp scenario.
Possible Sell Trade Today on GBPUSDThis is a very simple but profitable strategy where I have plotted the 15M Sell Zone.
Will just wait for price to visit my sell zone & watch price action to check if we will be able to open a sell trade today.
just a test runjust checking a few things on GBP and also usd and due to the movement of the index so lets see how it would play out
GBP/USD Outlook: Further Downside ExpectedHello,
FX:GBPUSD has experienced additional declines following the 1W PP acting as resistance. A further downturn seems likely, potentially targeting support at 1.283785. If that level fails to hold, it could move toward 1.267375. Currently, an upward movement appears unlikely, as the conditions favor continued downside momentum.
TradeWithTheTrend3344
GBPUSD (Wait for market to reveal its direction)Down trend (3 Week Range)
2nd Upward Pivot Point, may rebound (Short Term) from 1.29860 to 1.30300
If breaks bottom 1.29700, further down trend to 1.28950
Cautious of a retracement in GBPUSD & EURUSD as DXY is stretchedLooking forward over the next few days, I remain open to the idea of a rally across USD pairs, cleaning out some liquidity above the easy highs.
Chasing these lows now would be considered low probability as we find some key support in and around 1.3000 and just below.
Trade with cautious at these lows. Swing positions will develop from higher up If this rally in DXY is to be sustained. Market sentiment can change with each data release.
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GBPUSD 8.3:1 ShortPrice is in a downtrend on the daily chart.
Price is in a uptrend on the 1h chart.
There is a daily and weekly demand zone @ 1.28718 that I expect price to move down to before making a new HH on the daily.
There is a big inefficiency left by the candle at 7:00 on 16th October.
Entry is the supply zone 1 candle before and TP is a new LL on the daily chart.
GBPUSD - SHORT SELL STOP Bearish Indicator
- Series of LH and LL
- Formation of Shooting Star
- Entry Price = 1.29719
- TP1 = 1.299503
- TP2 = 1.29294
- Stop Loss = 1.29948
GBPUSDTHIS ANALYSIS FOR "GBPUSD" ON MULTIPLE TIME FRAME.
💎 GBPUSD FOR NEW WEEK!
As we can see now price already make a BUY Structure which is price already breakout Trendline. So what you need to do is just wait price comeback into BUY zone then we entry buy. You can set your SL 30 - 35 Pips with your own risk. My target is 150 - 300 Pips for this mapping.
I will updated new mapping time to time if price make new structure.
Goodluck !!!
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GBP-USD Will Go Down! Sell!
Hello,Traders!
GBP-USD broke the key
Horizontal level of 1.3067
Which is now a resistance
Then made a retest and a
Pullback and is going
Down again now so we
Are bearish biased and
We will be expecting a
Further move down
Sell!
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Check out other forecasts below too!
GBPUSD 4.55:1 ShortThe 1h chart is in a down trend with new LLs being formed.
The trade is more of a "risky" trade as I am expecting price to pull up to the 10m entry zone above and explained in a previous post.
Why am I taking this trade if it is "risky"?
If this trade does lose then the second entry that I have talked about previously is now almost a 10:1 trade and so will cover the loss.
GBPUSD is in quite an aggressive downtrend on the higher timeframes and so I view the risk to reward as favourable.
The entry is at the 1h down trend extreme.
GBP/USD: Three Drives and Butterfly Patterns in PlayGood day Traders,
Trust you are doing great.
Here is my brief analysis of the GBPUSD pair.
Last week, a bullish Three Drives pattern was identified on GBP/USD, completing on October 17th. Following the pattern's completion, the market experienced a brief impulsive move to the upside before retracing back to the support zone. Currently, the market is testing this support level, and a sustained move higher could follow, further validating the typical characteristics of this pattern, often found at the end of a trend or correction. If the support holds, we anticipate a move toward the 1.31026 price region. Additionally, a potential Butterfly pattern appears to be emerging, with its completion also expected around the 1.3146 level.
This outlook will be invalidated if the price moves further down and breaks below the 1.29565 level.
Cheers and happy trading!!!
GBP/USD Weekly Neutral/Bullish Outlook (21.10 - 25.10)Happy Monday traders :)
On Monday, I observed that the Tokyo (Asian session) failed to take out previous day's high and failed to fill in a daily FVG on EU, leaving a lot of sell-side liquidity yet to be taken ..
The buyside liquidity I marked was taken out during the American session. For the following week, I expect a continuation/doji on Tuesday, followed by a reversal on Wednesday, taking out the Draw on Liquidity (DOL) marked, for a liquidity grab, to continue higher.
However, if buying pressure is not strong enough , we may continue lower. (This is expected fundamentally due to the conflicts happening, which strengthens the USD.)
Ideally, I want to see price go for a grab as mentioned, then rally to my DOL mentioned at the start. From there I would want to look for shorts.
However, once again, due to fundamentals, if buying pressure is not strong , we may continue lower.
GBPUSD Trading Opportunity! BUY!
My dear friends,
My technical analysis for GBPUSD is below:
The market is trading on 1.3000 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.3029
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBP IS STARTING TO RISEI think the pair is at strong support, and it is now forming (B) for the 4th wave
GBP IS STARTING TO RISEI think the pair is at strong support, and it is now forming (B) for the 4th wave
#GBPUSD 2HGBP/USD 2-Hour Chart Analysis:
The GBP/USD 2-hour chart is showing a bullish engulfing pattern at a key support level, indicating a potential reversal and buying opportunity. The bullish engulfing candlestick suggests that buyers have taken control after a period of selling pressure, reinforcing the importance of the support zone.
Forecast:
- Buy after the confirmation of the bullish engulfing pattern at the support level, signaling a likely upward movement.
- The support zone is expected to hold, and the engulfing pattern suggests the beginning of a new bullish trend.
- Additional confirmation through volume increase or further bullish price action can strengthen the buy signal.
Let me know if you'd like any changes!
DeGRAM | GBPUSD growth in the channelGBPUSD is moving in an ascending channel between the trend lines.
The price touched the lower boundary of the channel and returned to the trend line.
The chart reacted with growth on reaching the range between 50% and 62% retracement levels.
We expect a rebound from the support.
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