GBP/USD Short ideaEverything is on the chart
low risk trade would be to wait for a retracement before an entry
Gu
GBPUSD week outlookMy current outlook on GBPUSD. Right now we are in a middle ground for this pair. The Daily and higher timeframes are bearish and we are approaching a resistance on these higher timeframes. On the H4 and lower, we are in an uptrend currently. For me to look for price to continue bullish, I would need to see price respect the key psyc level and H4 exhaustion zone in the 1.2100 zone. If this key level is broken, I will be looking for sells on the following H4 lower high and exhaustion zone that we are keying on for this level. This would also create a retest on the backside of the H4 trendline. Patience is all we have to have now. I have alerts set and will not touch until one of these setups form.
GBPUSD buys after Covid lowThis is the GU setup I am currently looking for around the 1.16000 psyc level where I would like to see support form on the H4 timeframe to continue the current H4 uptrend. The fib target is directly at the Daily timeframe support/resistance level so that is perfect area to key on.
GU approached the Covid Lows made for the first time since March 2020 so this could be the level for the longterm trend to shift to an uptrend.
GU Short formingWaiting to see what this candle closes as, currently quite a strong red candle. Failed to break resistance and now looking to drop. Very healthy RR.
GBPUSD 12/09/2022GBPUSD just created a new high at 1.1695 after breaking out of the previous resistance at 1.1642 while moving in respect to a new formed uptrendline and it also has a key support zone at 1.1605.
Now if price continues to respect the support zone at 1.1605 and makes a breakout above the recent high at 1.1695 then it could continue to push up to the next resistance zone at 1.1753 while moving the newly formed uptrend.
GBPUSD Outlook 9/5First full week of the new month. My expectation is that market will grab sell side one last time possibly with a big push, and then chase buyside from late last month. Ultimately I think the month will close red however.
Only seeing shorts at this point in the week.
GBPUSD buy opportunityOn the higher time frames it looks like GU is finally back on a bull run. Here I have identified an area where I will be looking to enter a long position with my 2 target profits highlighted with the horizontal lines. Wait for a confirmation to buy before you enter.
GU long position According to my understanding of this GU at this moment is that it might welcome some long positions in the market then maybe the sellers might enter to take over due to price predicted using sentiment analysis reason of passing of the queen this might lead the pound to depreciate in value
GBPUSD 08/09/2022Price after a retest on the low from 2020 at 1.1411 faced storng price rejection. now price has a resistance at 1.1537. so if price makes a breakout of the resistance while respecting the low at 1.1411 as support then price could continue pushing up to retest the next resistance at 1.1606.
GBPUSD 07/09/2022gbpusd currently facing resistance at 1.1465 & support at the new low it made at 1.1405. so if price continues to respect 1.1465 as its resistance and makes a breakout of the recent low then it could continue to push down creating lower low.
However if price finds support and makes a breakout f the resistance at 1.1466 with bullish move then price might go for some retracements all the way to retest 1.1520 & also make a retest at the htf downtrendline.
GBPUSD 06/09/2022The price is currently ranging in between 1.1601 & 1.1503 creating a new resistance & support. so if the price makes a breakout of the resistance then it could push upto the next resistance at 1.1648 on short timeframe pov. and if price even breaks & closes above 1.1648 on higher tf pov then price might push all the way to 1.1752 & would be breaking out of the downtrend and shift towards an uptrend.
However, if price respects the resistance & breaks out of the support at 1.1504 then it could continue to push down to the previous low at 1.1443.
GBPUSD 05/09/2022Price facing recent resistance at 1.1524 & made new low at 1.1448. if price makes a breakout of recent resistance, then it would be a breakout of the recent downtrend & price might continue to go up all the to retest next resistance at 1.1601 & also make a retest on the htf downtrendline.
But if price finds strong resitance at 1.1524 & breaks out of recent low then gu might continue to go down creating new lower low.
GU Leadership day. Sunack vs TrussToday at 1130 we expect the results of the conservative leadership race. Sunack vs truss.
Truss is the obvious favourite to win but she is bad for GBP. her polices are inflationary and she can't understand that lowering taxes and increasing the money supply will further cause inflation. the UK economy is already expected to see 13-16% inflation by April 23. honestly the UK is on its way for a serious economic downturn in my opinion., complete lack of leadership investment and now either way we go 90% of the British public don't want either of these running the show. but then again who else would do it. we don't exactly have a leader in the Labour Party either. anyway going off topic.
I expect as we are approaching the floor GU has never broken below I expect buying pressure. there's also the 4th touch trend line support in the same area and we have had continued selling pressure prior to the news. is this going to be a sell the rumour buy the news. more than likely in my opinion. for that to happen you would need Sunack to win. although this may be against the odds I could see this happening.
ill be buying at 1.14190 and closing at 1.15850 if not sooner depending on outcome
GBPUSD 05/09/2022 to 09/09/2022Price while moving in downtrend it has recent resistance at 1.1600/1.1657 & also creating a new low breaking the previous one. now on a high tf pov price needs to respect 1.1600/1.1657 as resistance if price is to continue to go down in respect to the downtrendline.
And a breakout of the resistance would result in the breakout of the downtrendline leading gj to go for some deepr retracemets all the way to the next major resistance at 1.1755.
2X GU SIGNAL RAN FOR 250 PIPS!GBPUSD IS PLAYING OUT PERFECTLY!!!! We will continue to follow the trend and rack up profits because GU PAYS! the Next Tp level is going to be another crazy PIPS! I am bearish until price breaks the bearish trendline.
GBPUSD SELL POSITIONS FOR TOMORROW (WITH TARGETS)*not financial advice*
- 15m chart
- 2 sell positions
- Targets Defined
- Good luck
GBPUSD 02/09/2022Price has a strong resistance at 1.1619 which it needs to make a breakout of to break downtrednline & start going for some deeper retracements. But as long as 1.1619 is respected as its resistance and price makes a breakout of the previous low at 1.1502 then price might continue to go down creating new lower low.
GULook at this. Equal lows on the Monthly Chart, that was created in 1985. Amazing right 😁😁 I've marked a low on the chart. I will look for short setups till that low has been violated. Good Luck.
GBPUSD 31/08/2022Price moving in respect to a very recent downtrendline keeping 1.1651 as its recent resistance. So if price in respect to the recent downtrendline & resistance breaks out of recent low at 1.1598, then price could continue pushing down.
GBPUSD 30/08/2022Price could push to 1.1794 if breaks out of 1.1758 as part of deeper pullback in respect to the downtrendline and then continue to go down. but if even breaks out of 1.1794 then it would be a breakout of the downtrend and shift to an uptrend.
And if price makes a breakout of the recent support at 1.1684 then price could push further down by breaking below the previous low at 1.1650 to create new lower low. so you look for sells when that happens.
