Gbpusdsetup
GBPUSD : The edge 9.5 Let's keep it simple and understandable.
2007-2020 lower high descending trend-line which was broken to up-trend Mid 2020.
Currently between 1.198-1.2250 is the retest range of this breakout and up-trend support.
The bounce from the retest may take GBPUSD to 1.2680 quickly on it's route back to the weekly trend breakout.
At the same time, we have a high potential bullish reverse head and shoulder that is forming around the retest area as a second shoulder.
The Dollar is stretching around extreme overbought conditions and historical horizontal level of resistance.
This is in line with the retest which is currently ongoing.
Make informed decisions trading and always consider the bigger picture.
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GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD daily referenceBy referring to the daily timeframe, a bullish order flow is being gathered in an inverse manner. The 4h structure is broken, with this break of structure the market is more likely to fill the gap between 1.20841 and 1.19247 in order to correct the imbalance and trigger the demand zone or even go lower for liquidity retracement. In this chart we have the first target point at 1.19923, second at 1.21943 and the ultimate at 1.24517...
GBPUSD-Hello my fellow traders, hope you all are learning and earning, here is another big move setup from my side. GBPUSD dropped from our targeted zone like our AUDUSD setup, this mainly due to DXY being bullish and we are expecting DXY to continue bullish trend for next few weeks.
-However, the economic data that were released today these news released came negative for USD though in my opinion price mitigated the last structure.
What you all think?
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GBPUSD Pair H4 Bearish OutlookThe GBP/USD pair is showing bearish signs on the H4 time frame with the recent confirmation of bearish bias, rejection of 1.24125 and three H4 candles closed below the last bull candle. But bearish pressure is expected to be temporary due to the upcoming decision on interest rates for the US dollar. The first target is between 1.22847 and 1.22574, Second target is between 1.21803 and 1.21537. Opinions of other traders are welcomed.
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GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD Trading Plan - 2/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect GBPUSD to go Up after finishing this correction.
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 Trading Plan - 24/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect GBPUSD to go Up from these levels.
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.
Will the GBPUSD Bullish Outlook Continue or Correction Coming?The GBPUSD pair is showing bullish signs, but a correction is likely. Our previous target of 1.24233 has been met, but new factors may impact the pair in the coming week. Despite the Chinese New Year holidays, market expectations for high-impact news releases such as Flash Manufacturing PMI and Advance GDP q/q may lead to volatility. GBPUSD is expected to reach for liquidity above the high of 1.24468 on December 14th, 2022. Look for reversal patterns for potential retracements and price action balance around the 1.20226 and 1.20000 levels. It's important to conduct your own research and analysis before making any trades.
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GBP/USD :: Continue the process .GBP/USD :::
The price has some good support.
1- Trend line.
2- The bottom of the purple channel.
3- The middle line of the Orange channel.
Due to the presence of these supports, there is a possibility of price return, but the possibility of breaking the support range is low and it is expected that the price will increase after that .
View on GBPUSDThe contraction or accumulation area has reached the rejection zone, now we’re looking forward to this slight bearish move to the 4h order block to be triggered at price 1.22610 or a bit below in order to activate the anticipated bullish market. This is a trade not to be missed, we’re also expecting a volatile move in about 1h 10 minutes…
Going Short on GBPUSD! We see price had previously rejected the 1.24000 area and had went to the 1.19500 support area before bouncing back to the resistance area 1.24000. We are seeing price starting to reject this area once more so we took a short trade! Only downside would be if price were to break above and continue high! But only time will tell!
This will be the last trade of the week with 4 trades of profit followed by 1 loss, I would say it was successful!
Have a great weekend!
Thank you!
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.