GBPUSD 4HRS ANALYSIS Looking at the price we can see that it have reached to a psychological level of 27000 which is our TP2 now the price is likely to mske another move to hit another psychological level of 27500 TP 3 and another psychological level of 28000 TP4 . This because price is still in uptrend and likely to continue moving upward.
Gbpusdanalysis
GBP/USD - Sell Zone !Hey there!
I'm selling on GBP/USD:
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We have an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We are with the trend.
The GBP is likely to start depreciating due to the UK entering a recession!
And the USD, on the other hand, is the complete opposite; it's extremely strong/performance currently thanks to rather positive economic results!
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GBP/USD - Interesting sell zone! (Swing)"Hello everyone!
After yesterday's stop loss, the plan remains the same, here's my second attempt!
- Here's my view on GBP/USD:
- We have liquidity. (Recovery and Accumulation!)
- We have an interesting zone.
- We have the optimal Fibonacci.
- We have accumulation before/on the zone.
- We are with the trend.
Fundamentally, we have a very strong USD.
Particularly thanks to the very positive NFP for the US, among other factors!
10Y T-Notes have risen by 3%, so far everything is going well for the USD, so it's advisable to favor sales on pairs with XXX/USD.
But we also have the UK entering a recession, so we have a pound that's very affected but still seems to be fighting not to depreciate too much following this recession, supported by several financiers in the UK; investors are mixed.
That's why I see GBP/USD rebounding in the zone and dropping!
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GBP/USD Longs from 1.26200 or 1.26000 back up This week, my bias for GU is aimed at observing a return to a demand level to sustain a short-term bullish trend. With the recent upside break in price structure, a fresh demand level has emerged, potentially signalling a bullish upturn.
I'll be monitoring for a Wyckoff accumulation within my point of interest (POI) before considering buy positions. These buys aim to reach the supply zone for potential selling in alignment with the overall trend. However, considering the bullish outlook of the dollar, my bias still leans towards bearishness, viewing these buying opportunities as temporary.
Confluences for GU Buys are as follows:
- Price broke structure to the upside and left a clean 2hr demand zone.
- Still some imbalance that still hasn't been filled as well as a 20hr supply that needs mitigating.
- Market also broke major structure to the upside could indicate a bullish trend.
- there's some liquidity above the recent high that needs to be taken as well.
P.S. Given the abundance of liquidity surrounding my specified demand zones, I'll proceed cautiously, mindful of the potential for some zones to falter due to the presence of trendline liquidity. This scenario is expected to fill the imbalance completely and possibly reach the 20-hour supply zone I've marked for potential selling.
Have a great trading week people!
Gbpusd sell now today confirm move is sell guy's don't miss thisGBP/USD pierced through 1.2700, where the 50-, 100- and 200-period Simple Moving Averages (SMA) on the 4-hour chart are located, and closed the last 4 4-hour candles above that level. Meanwhile, the Relative Strength Index (RSI) indicator rose to 60, confirming the bullish tilt in the short-term outlook.
On the upside, 1.2780 (static level) aligns as interim resistance before 1.2820 (end-point of the latest uptrend) and 1.2860 (static level from July). Strong support is located at 1.2700 before 1.2650 (Fibonacci 23.6% retracement).
Gbpusd sell now 1.27635
Confirm Target 1.26073
Gbpusd ( H1) analysis [Read the caption]By traders gbpusd is in up trend we are
monitoring buy gbpusd
gbpusd will restrest again then it will fly
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GBPUSD: The USD fell earlier than the PMI data, the Euro and BriThe dollar edged lower in early European trade on Thursday, with risk sentiment buoyed by Nvidia's strong earnings, while traders awaited the release of business activity surveys. important for finding clues about the health of the global economy.
At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading 0.4% lower at 103.472, down nearly 1% year to date. this point this week.
Strong earnings from AI favorite Nvidia (NASDAQ:NVDA) boosted global confidence, resulting in the safe-haven dollar taking a hit, favoring more cyclical currencies .
The greenback hit a high this week, but remains more than 2% higher for the year, as traders eased aggressive bets on a series of interest rate cuts by the Federal Reserve this year.
Minutes of the Fed's late January meeting, released on Wednesday, showed that the bank is in no hurry to reduce interest rates in the near future. Speeches by several Fed officials this week also reiterated this hawkish stance, with policymakers citing concerns about tough inflation.
Attention now turns to the release of PMI data, weekly unemployment data and, more importantly, manufacturing and services PMI data for February, to gauge the economy's underlying strength.
GBP/USD traded 0.5% higher at 1.2701, with UK PMI data expected to show strong expansion in the country's dominant services sector.
DeGRAM | GBPUSD confluence level to shorting opportunityGBPUSD is currently trading in a descending channel, creating a bearish harmonic pattern.
The market is testing the upper border of the channel and the major resistance level.
Price created the confluence level to short the market.
We expect a bearish move since harmonic patterns work greatly in consolidating markets.
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GBPUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity GBPUSD
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GMPUSD H1 / Bullish Continuation / Targeting the PWH ✅ Hello Traders!
This is my forecast related to GBPUSD H1. I see a bullish market at the moment, that's why I expect that PWH will be taken. Until now, we can see only HH and HL, meaning that we are in a bullish market.
It's a good opportunity to look for long entries, as the bias according to this scenario is bullish.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GBPUSD BUY ANALYSIS UPDATEBased on our previous analysis which was a double bottom price actually hits the TP1. so now remaining TP2, TP3 and TP4. So the buy should be around psychological level of TP1 and targeted profits should be around psychological level of TP2 , TP3 and TP4. So is expected to use money management.