GBPUSD Temporary Buy (Cup & Handle) Textbook (Cup & Handle) pattern on M30. Take profit is at 1.2817
Gbpusdanalysis
GBPUSD. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
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GBPUSD Trading Plan -31/May/2024Hello Traders,
Hope you all are doing good!!
I expect GU to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan .
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPUSD | Perspective for the new week | Follow-upDive into the GBP/USD market dynamics with us as we dissect its recent movements and chart a course for the week ahead.
After a brief dip to a weekly low sparked by disappointing UK Retail Sales data, GBP/USD bounced back and steadied above the 1.2700 mark. The USD's struggle to attract demand amid positive risk sentiment has provided support, allowing the pair to maintain its position.
The UK's Office for National Statistics (ONS) reported a 2.3% monthly decline in Retail Sales for April, worse than the anticipated 0.4% contraction, hindering Pound Sterling's upward momentum.
Conversely, across the Atlantic, US Durable Goods Orders surpassed expectations, though a downward revision to the previous month's figures tempered the impact, bolstering demand for the British Pound.
With limited high-impact economic releases expected from the UK in the near term, this video delves into our strategies for navigating the evolving market landscape in the week ahead. Join us as we analyze potential trading opportunities and chart our course forward
GBPUSD Technical Analysis:
Will the pound hold above $1.27000? Watch this video for key trades this week. We analyze trends and levels for market insights. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading!
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
GPBUSD TRENDLINE SELL ANALYSIS Here on GBPUSD price has been moving lower high, and lower low forming support and resistance . It is like to move down in other to complete the third resistance and support level.So going for SHORT is needed and targeting profits should be around support level of 1.26831
GBPUSD recovered insignificantlyThe GBP/USD pair weakened to 1.2695 during the Asian session
The GBP/USD pair fell to 1.2695 during the Asian session on Thursday. The main cause of this decline was the strengthening of the US Dollar (USD) amid higher US interest rates and reduced expectations of an interest rate cut by the Federal Reserve (Fed) in September. In recent weeks, Fed officials have taken a cautious stance on the inflation outlook, leading traders to reduce expectations for an easing cycle this year.
Market movements
According to the CME FedWatch Tool, markets are pricing in a 50% chance that the Fed will leave interest rates unchanged in September. The combination of the Fed's cautious stance and stronger US economic data has provided support. support for the USD in previous sessions.
Economic forecast
Investors will get more cues from the second estimate of U.S. Gross Domestic Product (GDP) for the first quarter of 2024, which is expected to grow 1.3%. If the report shows better-than-expected results, this could boost USD further and create a drag on GBP/USD. Additionally, economic data such as US Weekly Initial Jobless Claims, Merchandise Trade Balance and Pending Home Sales will be released later in the day. Statements from Fed officials such as Raphael Bostic, John Williams and Lorie Logan are also expected to have an impact.
Support: 1,265- 1,260
Resistance: 1,275 - 1,280
GBPUSD Trading Plan - 30/May/2024Hello Traders,
Hope you all are doing good!!
I expect GU to go Up from the FS (For3xScalper) Box.
If it starts to give correction here, then we can go further down to 1.27 level.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPUSD I Bullish trend continuation Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPUSDPair : GBPUSD ( British Pound / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Break of Structure
Rising Wedge as an Corrective Pattern in Short Time Frame
RSI - Divergence
Fibonacci Level - 78.60%
GBPUSD BUY ANALYSISHere on GBPUSD price has moved down and made a rebound around a support area of 1.26853 and now heading up this show that buyer has taken control and now going for LONG is neeeded and targeting profits should be around a psychological levels of 1.24000
SHORT GBP/USD from 1.2747Yesterdays daily candle on GBP USDF was a pinbar and as todays candle is currently heavily BEARISH. all the signs are that GBP/USD BUYERS have fled.
Earlier in the week we saw price head north through the WR1 pivot and today has seen price head south back down leaving the WR1 pivot behind.
It needs to be remembered that although GBP/USD has been heading north since 10th May, the entire structure is BEARISH and it looks as if the BEARISH direction has resumed.
Any BEARISH momentum should drive the price back to the Daily 200 EMA which comes in at 1.2568 and this looks a reasonable target if the price continues to decline.
A break of this EMA opens the door to 1.2277 support and beneath that 1.2061.
There's little support beneath 1.2061 but that target is weeks away and much can happen.
All other indicators are BEARISH including (significantly) the DAily Andean Oscillator which has recently moved away from 0.
We may see price head north is spells but these will present further opportunities to SHORT this pair.
Note EUR/USD is similarly BEARISH as is AUD/USD and NZD/USD whilst USD/JPY and USD/CAD are BULLISH.
MY expectation is that we shall see declines in GBP/USD until the raft of economic prints are released out of the USA.
If Prelim GDP, Unemployment Claims and Pending Home SAles come out in red numbers the GBP could easily recover recent lost ground but if the prints are BULLISH then this pair could collapse.
😵💫GBPUSD: No Clear Bias for me. Multitimeframe updateMost recently, we are "stuck" in this box-range with unclear, messy price action
Given the fact I see bearish on HTF and bullish or messy on LTF, it's a contradiction
so right now I don't have clear confluence for this market
Overall on 15-60min. timeframes, we see recent bullish leg. Accumulation and reaccumulation
models are pushing price higher, however price is often choppy and wicky, which makes it hard to trade, at least for me
☝️Do not act based on my analysis, do your own research!!
Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions.
⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
GBPUSD: The British Pound has also corrected in the short term.GBPUSD: The British Pound has additionally corrected withinside the quick term. Currently, this forex pair is keeping across the aid degree on the 1.2690 area. However, with the modern-day fashion and downward pressure, it's miles probable that GBPUSD will penetrate this aid quarter to a deeper fee variety across the 1.2640 area. You can recollect keeping the sell-down watch with GU today
GBP/USD Gave Yesterday +50 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD : BULLISH upto 1.282🎯🎯🎯
GBPUSD BUY @1.275❗️
Sl: 1.273 (20 unit pips risk),
Tp1 : 1.282 (70 unit pip target).
GBPUSD BUY Limit @1.274❗️
Sl: 1.2715 (25 unit pips risk),
Tp1 : 1.282 (80 unit pip target).
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GBP/USD - LongHi traders
A potential long opportunity here. We have hit the bottom of a channel,we have actually come out of it however it hasn't been broken.I'm expecting a move up from here.
GBPUSD ABCD Idea H1Here is my ABCD idea for GBPUSD on H1. OB range are on 61.8% and TP target at -27.
GBPUSD: The British Pound is also having downward adjustmentsGBPUSD: The British Pound is also having downward adjustments. In the short term, it is expected that GU will retest the support area around the 1.2700 threshold and wait for more reactions around this area. Ace may consider short selling with GU today.
GBPUSD price analysis week 22📌GBP/USD steadies above 1.2700 following a decline in UK retail sales. GBP/USD recovered and steadied above 1.2700 after falling to weekly lows below 1.2680 early in the European session on disappointing UK Retail Sales data. USD struggles to find demand on the upbeat risk mood and allows the pair to hold its ground.
📌The Relative Strength Index (RSI) indicator on the 4-hour chart remains near 50, indicating a lack of directional momentum. If GBP/USD fails to stabilize above 1.2700, then 1.2640 at the 89 EMA could be seen as the next support level ahead of the key 1.2570 level.
📌In case the trend line and support area of 1,264 still holds and pushes GBPUSD price into the bullish range, the current resistance at 1,275 is still weakening before the pair finds a more quality resistance area at 1,280.
🕯Trading signals
SELL GBPUSD zone 1.28000-1.28200 SL 1.25800
BUY GBPUSD zone 1.25700-1.25500 SL 1.25200
GBP/USD Risky Short Setup From Good Res Area To Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSDThe GBP/USD pair is exhibiting a bearish outlook on the 4-hour timeframe as it follows an ascending channel pattern. Currently, the price has reached the resistance trendline of this channel. We are awaiting a bearish price action signal to confirm a selling entry. This setup suggests a potential downward movement in the near term.
GBPUSD IDEAQ2, 2024 the US Dollar was weaker against ,GBP,EUR,NZD and AUD. Presently, across these pairs we are awaiting a final push to previous unmitigated or fresh supply zones. Thereafter, possibly during the release of ADP and NFP we could see a resumption of the previous bearish trend.
GbpUsd near a very important breakThe break of support on April 12 proved to be a false one. After establishing a higher low at the beginning of May, FX:GBPUSD is once again trading near resistance.
A break above this resistance would be significant, as the price has reversed from this level multiple times, and it also aligns with the falling trend line.
I will remain bullish as long as the price stays above 1.26, and I am looking for a rise above 1.3.
