GBPUSD Idea for the weekPrice has recently tested the long term bearish trendline and has also tested the 61.8% Fib level.
I will be looking to go short on a combination of 3 or more of these confluences:
Break and retest of level 1.36000
Break and retest of Bullish Push Line
Bearish Structure
Bearish Candlestick Pattern
Moving Average Crossover
Strength on the DXY
If price fails to go lower and breaks + retested long-term trendline, it could be retracing towards this previous high
Previous Analysis on GBPUSD
Gbpusd_forecast
GBPUSD October OutlookOn the large scale, The overall Trend is still Bearish.
However I do expect the strength of USD to drop for a few days to fill in the imbalance of the previous bull run on the DXY;
Thus, I will expecting a retracement towards the area around level 1.36000:
Confluences at level 1.36000:
Previous Flip Zone (Red)
Fib Golden Zone (50%-61.8%) (Gold)
Test of long-term bearish trendline
Level 1.36000
Entry Criteria (Best with 3 or more confirmation):
Break and retest of counter-trendline (Red)
Retest of golden zone (Gold)
Retest of Flip Zone (Red)
Retest of Level 1.36000
Bearish Structure
Bearish candlesticks
Moving Average Crossover
DXY shows strength on a retest of support
GBPUSD Potential Third Drive into 1.38000 Confluences
a. The structure of this pair is Creating a lower low and rejecting same support
- it also rejected the same support recently in the third time.
b. Created a momentum on 4H and lower timeframe.
c. Daily Engulfing Candlestick
d. 4H Potential FIB 61.8%
Analysis Of GBPUSD H4. Price Action *It's Zone to Zone Marking*According to Multiple Analyses, We Can See That the Market has a Bullish Direction as Well as the market has very strong support.
So on behalf of this, we have a Some Key level For Tread & Education purpose.
Entry @1.37001
Target1 @1.37839
Target2 @1.38488
Stop loss @1.36383
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Shivamfx technical guru
GBPUSD: Buys Are Here - Load UpI have a strong bullish outlook on this pair today.
I would like to see the range we are currently in manipulated before we bounce from a previous order block below it.
If we see strong rejections at the order block, we could load up some longs to take out some of the liquidity from sellers.
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Cheers to many pips!
GBPUSD next target is 1.3575My eye was on GBPUSD when a new came on by FEB last on week. I did some research and worked good for that week in bearish. Today a new has came for rebound from 1.3700. It will hit back down just keep your eye on it.
It will definitely touch 1.3575
Comment down on which you want analysis.
GBPUSD Trend AnalysisIs there a limit to how low cable can go? Fear is driving the dollar higher, as the GBP/USD has touched a four-week low and is on track to do so for a third day in a row. The trend may come to an end— or at the very least, experience a reversal. Sterling will also be subject to a rate determination.
On Thursday, the Bank of England is expected to keep its policies unaltered, but some members may vote to stop the bond-buying program and perhaps consider rate hikes. Last week, headline inflation surpassed the Bank of England's 1-3 percent objective. The pound should rise as a result of this.
Looking to Short GBPUSD?FX:GBPUSD
Hi Friends,
Am looking to short GBPUSD pair with multiple positions inside the yellow box area.
SL @ 1.38296
TP @ 1.37500
RRR @ 1:2+
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end result if adapted by anyone. Trade cautiously as there are chance that you will loss your investment.
The Bulls May yet win Today @ GBPUSD - BUY GBPUSDFriends,
GBPUSD price tested 1.38500 resistance area twice in 12hours and broke out of the lower bounds of our equidistant channel. It will either find support @1.38229 area and rally up to 1.3900 or break 1.38229 support level for 1.38000.
Am going for a long.
FX:GBPUSD
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end result if adapted by anyone. Trade cautiously as there are chances that you will loss your investment.
GbpUsd- to break supportSince 20th August, GbpUsd was trading in an ascending channel
However, 1.39 is very strong resistance, with the pair failing 3 times in this zone.
I expect a break under trend line support and a break under 1.38 furthermore.
Such a break would accelerate losses and expose 1.3730 support
Only GbpUsd above 1.39 would change my bearish opinion.