GBP momentum dwindles - decline to 1.23 once support breaksFundamentally no momentum in GBP - more miserable numbers will be out as the month progresses - buoyant USD to continue to hold up.
Good luck all!
GBPUSD.P trade ideas
THIS WEEK GBPUSD TRADE SETUPPair: GBPUSD
✔ Classic Bearish formation
GBPUSD is holding continuous down Trend so after market retracement I can take sell entry. If your analysis matches it take a trade otherwise skip the trade.
"💖 Show your love by liking & leaving a comment! Your support means the world to us! 💖"
GBPUSD H4 | Bullish Continuation?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2694, which is an overlap support that aligns with 61.8% Fibo retracement.
Our take profit will be at 1.2834, a pullback resistance that aligns with 61.8% Fibo retracement.
The stop loss will be placed at 1.2615, which is an overlap support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPUSD weekly outlookhey family this week if we can be patient enough we should be able to execute price on the bearish side from the higher to the lower timeframe we can see sellers making an impact in the market.. stay tune
GBPUSD: Bullish Reversal Now Confirmed?!Check out 📈GBPUSD.
There are clear indications of a bullish reversal on the 4-hour chart:
the price formed a significant inverted head and shoulders pattern,
and both the neckline of this pattern and the resistance line of a descending parallel channel have been violated.
I expect the price to rise from here.
Target: 1.2833
GBPUSD: Is the Bullish Reversal Confirmed?📈 GBPUSD Update
The 4-hour chart shows strong signs of a bullish reversal:
- A notable inverted head and shoulders pattern has formed.
- The neckline of this pattern, along with the resistance line of a descending parallel channel, has been broken.
I anticipate further upward movement from this point, with a target of 1.2833.
GBP/USD Longs from 1.2700 for another potential rally.This week, I expect GBP/USD to continue its bullish trend. I’ve identified 5-hour and 4-hour demand zones as key areas where I anticipate a retracement. In these zones, I’ll be watching for potential Wyckoff accumulation, signaling the continuation of the uptrend. Once price reaches these demand zones, I’ll wait for further confirmations before entering any trades.
If the price continues rising without retracing, I’ll consider potential sells around the newly created 2-hour supply zone, though its validity isn’t strong. My decision will depend on how well the lower timeframe execution model develops in that area.
Confluences for GBP/USD Buys:
- Bullish Momentum: The pair has been in an uptrend for the past two weeks.
- Liquidity Above: There’s still a significant amount of upside liquidity to be taken.
- Weekly Supply Zone Mitigation: Price has reacted and moved away from a major weekly supply zone.
- Demand Zone: A clean demand area below suggests a likely retracement point for price.
Note: As we approach mid-December, I expect market volume to decrease due to the upcoming holidays, which could lead to slower price movements. This is worth considering when planning entries and exits.
LONG ITS SIMILAR TO EURUSD LONG, the trendline has been retested thrice an i look forward to TP at the red area .
My Thoughts...My Thoughts.
The market just gave a signal for a trend/pattern change...
I think we are bond to be seeing more upsides in the coming weeks to complete the market pattern
The market is in a bullish overall, now just made a HL in the overall trend and I think we are going to see a new HH in the current trend/pattern...
The market could sell
Use proper risk management
Let's do the most
GBPUSD Buy Setup"All Insights are given on Chart"
(Follow for more Valuable Updates)
Note :
Do your own Research and Trade Wisely Never rely on my opinions.
Good Luck folks
GBPUSDHi Traders
This is Overview of GBPUSD Market.
What's are you Thoughts about GBPUSD Price will These has been shared.
Key Levels
Resistance Zone 1.26250
Support Zone 1.24300
Lets Like and Comments Share your idea in Comments.
Bearish drop?GBP/USD is reacting off the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.2615
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 1.2725
Why we like it:
There is an overlap resistance level.
Take profit: 1.2486
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USD Expected to Strengthen: A Structured Economic Analysis.The coming week is anticipated to witness the strengthening of the USD, driven by a combination of robust US economic fundamentals and global uncertainties that shift investor attention toward safe-haven assets. Below is a comprehensive analysis of why the USD's strengthening trend is becoming increasingly evident.
1. Strength of the US Economy:
The US economy continues to demonstrate impressive performance. Strong retail sales and stable consumer spending reflect high consumer confidence. In the upcoming week, reports on durable goods orders and personal income are expected to show positive growth, signaling that the US economy remains resilient despite a high-interest-rate environment.
Moreover, controlled inflation provides room for the Federal Reserve to maintain elevated interest rates. This approach enhances the appeal of US bonds and assets, thereby supporting demand for the USD.
2. Hawkish Stance of the Federal Reserve:
The Federal Reserve has reaffirmed its hawkish stance in recent meetings, committing to maintaining high interest rates until inflation returns to the 2% target. This approach has triggered increased capital inflows into US markets as high-interest rates improve investment returns denominated in USD. Global investors view the USD as the currency of choice in a tight monetary environment.
3. Global Uncertainty Favors Safe-Haven Assets:
Amid a market climate overshadowed by geopolitical and global economic instability, investors are gravitating toward safe-haven currencies like the USD. Factors such as economic slowdowns in the UK and the eurozone, global trade tensions, and domestic political risks in major economies further bolster the USD's position as a top choice for investors.
4. Weakness of Competing Currencies:
The GBP and EUR are expected to remain under pressure in the coming week. UK economic data reveal weaknesses in the labor market, burdensome inflation on consumers, and sluggish growth. Similarly, the eurozone faces challenges with persistent inflation and a slowdown in the manufacturing sector. These uncertainties create opportunities for the USD to dominate currency pairs such as GBP/USD and EUR/USD.
CONCLUSION
The USD is projected to maintain its strengthening trend next week, supported by robust US economic fundamentals, the Federal Reserve's consistent monetary policy approach, and global risk sentiment favoring safe-haven currencies. For investors, strategies that capitalize on the USD's strengthening could present opportunities to leverage current trends in the global financial markets.
This scenario confirms that the USD is not only a protective asset during global uncertainties but also a symbol of the resilience of the United States economy.
TIME KEY TRADE: Monday's Critical Opportunity.
Next Monday presents a critical trading opportunity for EUR/USD and GBP/USD, as both pairs are expected to form peaks before declining to new lows.
GBPUSD SHORT Market structure bearish on HTFs 30
Entry at Daily and Weekly AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Previous Structure point Daily
Around Psychological Level 1.26000
H4 Candlestick rejection
Rejection from Previous structure
Levels 9.57
Entry 105%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
trend line analysiswhen price touches the bottom line of the band, theoretically it will come back up to middle line, go long in this case
Bband_ideaWhen the price is touching the bottom line of the band, it's a simple signal to go long, wait until it gets back up to the EMA, then close it
Is it a buy on the GBP\USD?i think the sellers are out of steam and the buyers will retest and hold the support trendline up to at least the 1.31351 level.
Long term Cypher on the pound targeting 180........The pound longer term looks like its gonna head higher..... daily shark pattern has counted complete and Ill be looking for a push back into the 12950-60 area. If this rejects i would look for a push back toward the low 0f 124-125.. Ill be looking to the long side here as low risk to reward setup will present its self.
Merry Christmas
Fundamental Market Analysis for December 20, 2024 GBPUSDThe Bank of England kept its key rate at 4.75%, which was in line with market expectations. However, three members voted for a rate cut, which came as a surprise and emphasized the regulator's softer stance. This reinforced expectations of significant monetary policy easing in 2025 - the BoE is projected to cut the rate up to four times at 0.25%. In comparison, the Fed is planning less aggressive cuts another 1-2 times, which strengthens the US Dollar's position and puts pressure on the Pound.
The economic situation in the UK remains unstable. The Bank of England lowered its GDP growth forecasts for 2024, pointing to weak economic dynamics. Despite the high growth of wages (5.2%), inflation remains above the target level, which requires the preservation of tight monetary policy. At the same time, the regulator noted that its easing will begin only after a steady decline in inflation to 2%.
The fundamental background for the British currency remains negative. Investors will follow further statements of the Bank of England and economic data, but in the near future the pound is likely to continue a gradual decline.
Trading recommendation: Trading mainly with Sell orders from the current price level.
GBPUSD 4H forecastExpecting a further decline from GU as an impulse move to complete the 1-2-3-4-5 sequence.
GBPUSDAs dollar continues to hold its buying potentials ,British pounds will keep selling have a buy/sell structure which should guide buyers and sellers based on our strategy
