GBPUSDThe potential sell scenario for the pair this week:
The pair is to be monitored as it approaches the designated sell zones on the chart.
GBPUSD.P trade ideas
GBPUSD SHORT TO $1.24300 (UPDATE)Once again overnight (Asia session) GU shot back up again towards our Wave 5 entry zone, rejected it again & is running 70 PIPS in profit so far.
Me & my Gold Vault Academy students understand that Wave 5 being the FINAL IMPULSE WAVE, means that wave will move slowly & trap in a lot of early buyers before it reaches its target. As an Elliott Wave trader, you need to learn to be generous with your SL as we are long term traders trading the higher TF’s, not scalpers👌
GBPUSD SELLGood day traders
GU just grabbed liquidity for London session now lets short it
Firstly we aim for 1:1 then 1:2 after securing some profits
Good luck gang
GBPUSD in Bearish trend GBPUSD in bearish trend printing a falling channel, about to show a trend reversal and start a bullish trend.
The bulls are creeping inI think the bearish run is slowly coming to an end as we approach a significant demand zone coupled with swept liquidity.
With a possible move to the upside back to that supply zone above.
Not a financial advice!!
gbpusdAccording to the strategy I used, gbpusd fulfilled all the rules and I set the SL to be 15pips and the TP to be 30 pips.
What's Flowing: GBPUSD [P&L SNAPSHOT]Last video did not show the P&L, so here it is.
It seems the arbitrage strategy worked effectively, mitigating the impact of the GBPUSD pullback and maintaining the overall equity balance. This highlights the robustness of hedging and inter-market positioning as a defensive trading mechanism. Leveraging correlations between pairs like AUDNZD and CADJPY to hedge against fluctuations in GBPUSD demonstrates strategic flexibility.
It’s always crucial to monitor the market for further retracements or reversals while keeping risk exposure balanced. The current setup shows healthy margins and room for adjustments if needed. Great use of diversification and dynamic management!
GBPUSD setup GBP/USD recorded the eighth straight negative week after the pullback from the 1.3433 level, losing more than 7%. The price posted a fresh six-month low of 1.2486 on Friday, meeting the long-term ascending trend line.
More aggressive selling interest would switch the broader outlook to a bearish one, resting near the 1.2445 support, taken from the lows on May 9. Even lower, the bears would gain control, pushing the pair towards the psychological mark of 1.2300.In case of a bounce off the uptrend line, then the price may test the 1.2715 resistance area, ahead of the 20-day simple moving average (SMA) at 1.2770 and, more importantly, the 200-day SMA at 1.2820.The momentum oscillators are confirming a bearish structure as the RSI is pointing down near the oversold zone, while the MACD is still extending its negative steam below its trigger and zero lines. The 20- and 200-day SMAs created a death cross, confirming the falling movement.
GBPUSD - Bullish - Entry when trend starts to reverse Entry when trend line breaks,
Trend will be reverse when trend line breaks
SL and TP defined.
Manage your risk reward accordingly
Swing Trade on 4h TF
What's Flowing GBPUSD (UPDATE) [Triangular Arb Structure]It seems the arbitrage strategy worked effectively, mitigating the impact of the GBPUSD pullback and maintaining the overall equity balance. This highlights the robustness of hedging and inter-market positioning as a defensive trading mechanism. Leveraging correlations between pairs like AUDNZD and CADJPY to hedge against fluctuations in GBPUSD demonstrates strategic flexibility.
It’s always crucial to monitor the market for further retracements or reversals while keeping risk exposure balanced. The current setup shows healthy margins and room for adjustments if needed. Great use of diversification and dynamic management!
GBPUSD are continuing DOWN? It is similar to EURUSD. If, after a five-wave structure, we see three waves up, the GBPUSD pair is likely to continue its decline.
GBP/USD: Analysis , Can the Pound Find Support at 1.2400?The Pound Sterling is experiencing a sustained bearish trend, remaining under significant pressure following President-elect Donald Trump's recent announcement of a proposed 25% tariff on imports from Mexico and Canada, alongside a 10% increase on all imports from China to the United States. These developments are likely to strengthen the U.S. Dollar further, potentially driving the Pound and other currencies into another bearish phase against the Dollar.
As the market digests these tariff implications, investors are wary of the potential economic repercussions, especially as they pertain to trade relationships. The insistence on higher tariffs could lead to retaliatory measures from affected countries, creating uncertainty that weighs heavily on the Pound.
Looking ahead, analysts are closely watching the 1.2400 mark, which is recognized as a potential demand zone for the Pound. If the currency falls to this level, it may attract buying interest from traders looking to capitalize on a rebound. However, the overall sentiment appears to favor further bearish movement unless there are significant changes in the economic landscape or policy shifts.
In this volatile environment, market participants are advised to remain vigilant, as the unfolding situation may present both risks and opportunities.
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Scalp at this entry and wait for candle Candle confirmation is needed here.
Dont rush for entry. Looking at Buy at the pullback
GU giving a bullish play...Was looking for a area where price wants to turn around. It looks like it wants to do it here. Looking for price to push up some where above the Previous Daily Low. But cautious that it could reverse and continue bearish from that point.
GBPUSD REMAINS BEARISH TILL THE REST OF THIS WEEK!!!!!!!!GBPUSD is seriously on a selling or bearish trend till price sweep liquidity below 1.20127 reason been is we spotted out a rising wedge breakouts pattern and price have been respecting this trend and have dropped over 200pips from when the sell side liquidity was taken out am seeing more sells from this area till 1.20127 is visited again
Lets know your take on this................
GBPUSD for sell.Price is visibly bearish, price retraced to fib50 level and a bearish momentum candle.
Gbpusd long Target GBP/USD churned chart paper near the 1.2600 handle, finding thin gains through the day’s market window but failing to recapture the technical level as market flows do little to bolster the Pound Sterling
GBP/USD remains hobbled on the south side of the 1.2600 handle, churning bids north of 1.2500 as the pair finds some breathing room after another leg lower from early November’s choppy plateau just below 1.3000. Cable reached a six-month low of 1.2487 late last week, clipping into a 7% decline top-to-bottom from September’s peaks at 1.3434.
Confirm signal gbpusd
Fundamental Market Analysis for November 26, 2024 GBPUSDEvent to pay attention to today:
21:00 EET. USD - FOMC Meeting Minutes
GBPUSD:
The GBP/USD is making small gains throughout the day, but is unable to regain the 1.26000 technical level. Market flows are not providing the necessary strength to support the Pound. The UK economic calendar is relatively inactive this week. Fresh US inflation data on Wednesday will lead to a shorter trading week in the US as Americans prepare for the Thanksgiving holiday.
A general improvement in risk appetite across the market led to a decline in the US dollar's trading value at the start of the new trading week, providing a slight boost to the pound. The cable remained in demand, with prices approaching the 1.26000 mark. The week ahead will be challenging for traders, with a limited number of scheduled releases. Market activity in the US session is expected to be subdued on Tuesday and Wednesday, in anticipation of the Thanksgiving holiday.
The minutes of the latest Federal Open Market Committee (FOMC) meeting will be released later on Tuesday, providing insight for traders into the Federal Reserve's (Fed) latest deliberations on the direction of interest rates going forward. The next update of the Personal Consumption Expenditure Price Index (PCEPI), a key indicator of price growth in the US economy, will be released on Wednesday. On Wednesday, the latest figures for US gross domestic product (GDP) growth will be released. Annual core PCEPI inflation is forecast to accelerate again in October, rising from 2.7% to 2.8%. Meanwhile, US GDP growth is expected to remain at 2.8% in quantitative terms in the third quarter.
Trading recommendation: We follow the level of 1.26000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
longing on something that will dumpthe higher time frame = downtrend.
But in the retracement of a higher time frame, we get lower time frame impulse.
The idea entry will be HTF = long, LTF = long . But as you know, I posted that I am testing, not the entry I take, so i can get feedback.
i have explained most in the chart. $EIGHTCAP:GBPUSD.
