GBPUSD SELL 30 MINUTE TIME FRAMESTRONG SUPPLY ZONE
Multiple Failures to make higher high
Expecting a 2:5 Risk to Reward Let’s see!
GBPUSD.P trade ideas
GBPUSD Will Go Up From Support! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.249.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.256 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Hit 1st TP of 41pipsAs analysed earlier, Price have retreated to previous LH area and my swing trade buy entry target was met at 41pips.
Expect price to hover around this zone a bit and afterwards commence bearish direction to set a new low around previous day's support area
GBPUSD BEARISH IDEAGBPUSD price attempting to break the weekly bearish flag possibly attempting to test previous weekly structure lows
Daily chart shows a possible divergence creating a thesis that a possible pullback is imminent that could test previous support turned resistance for possible bearish continuation set up
note:
The indicator you are seeing in the chart are bollinger bands with 200 sma that would show if price is over extended long term. this indicator is set to daily so that if you scroll down to lower time frame what you will see is the same indicator but set to daily. The RSI is the regular rsi with 100sma bollinger band for long term trend shifts in momentum.
4h or 1h chart would be the execution chart if I will see pull backs to fib levels using RSI midline and sma as confluence
GBPUSD SELL!!!!!GU sentimental is bearish today, and early morning it took out the London session low. Now, let's take a short position
We first aim for 1:1 the 1:2 after securing some profits
GBPUSD SELL PROJECTION SL: 1.26346(please let this be based on your acct management)
EP: 1.26065
TP: 1.24888
No confirmation in the small TF no entry
"GBP/USD Short Setup: High Risk-to-Reward with 15-Minute Candle "This GBP/USD short position offers a strong risk-to-reward ratio. The stop loss is set near 1.27518, while the target is significantly lower, around 1.24980. Currently, price consolidates near 1.27103, and I’m waiting for momentum confirmation on the 15-minute candle. Once a bearish confirmation candle closes, I’ll consider this position active. The risk zone is clearly defined above resistance, and the potential for downside is supported by recent price action and volume behavior. The RSI is also moving downward, suggesting weakening buying pressure. Waiting for further confirmation ensures a higher probability setup."
GBPUSD | Quick Rundown & AnalysisGDP data out of UK looking poor, hitting GBP lower.
Will this price move continue?
GBPUSD daily Market outlook!GBPUSD DAILY MARKET OUTLOOK seems promising for buyers as we may likely see some bullish price action developments away from that level. It’s a good too to go Long on the pair. A good risk to reward is anticipated.
GBPUSD H1 OUTLOOK(23/11/2024)The chart presents two critical POIs, anticipating bearish movement upon retracement, targeting the lower BOS.
Pound still holding the shark, The C wave up into the 12960-130 ( 5-0 pattern completion) area could be nearing the start lets see if we can hold. I'm still looking for the reversal
2.5R on GBPUSDHello unfortunately I could not record this trade
We had 3 touches on the trendline which spiked my interest for a traditional trendline breakout strategy.
Then another retest with another trend.
This trade was largely influenced by NEWS
Identifying Support and ResistanceFor effective trading, identifying key areas of support and resistance is crucial as these levels act as barriers within market trends, affecting asset prices. Support and resistance levels are not just arbitrary points but are derived from previous price history where a price halted and changed direction.
GBPUSD , General Trend Continuation I’m anticipating the markets to fall against DXY, and RISK ON scenario creates an opportunity to enter bearish market from the retraced price into FVG, I am looking for a huge fall
Possibility of correction It is expected that after some fluctuation and correction, the previous ceiling will be broken and we will witness the continuation of the upward trend. Otherwise, a reversal will take place and a bearish trend will be likely
Gbpusd for shortPrice broke out of a rising wedge and retested the previous resistance zone and formed a bearish engulfing candle.
GBPUSD BUY!!!!GU sentimental is bullish today, and early morning it just grabbed liquidity of the Asian session low. Now, lets take a long position
We first aim for 1:1 the 1:2 after securing some profits
GBPUSD 30mints time frameAccording to the GBPUSD 30mints time frame there is same pattern like last time, our target hit so, market already breakout the support level and now it will going fall soon. as i used stochistic indicator, it's average is telling us that market is falling and it will fall more to reach the lower level.
- A Bearish Outlook for GBP/USD: Shorting Opportunities Ahead- Recent Performance: GBP/USD is currently witnessing a significant bearish
trend, with pronounced downward momentum evident in recent trading sessions.
The pair has faced resistance from broader economic conditions that have
weighed heavily on the British Pound against the US Dollar, indicating
continued weakness in this currency pair.
- Key Insights: Traders should consider positioning for short opportunities as
the technical indicators and market sentiment support further declines.
Observing key economic data releases will be essential, as these could
impact the USD's strength and the perception of the GBP in the market.
- Expert Analysis: Experts remain unified in their bearish outlook for GBP/USD,
emphasizing the need to closely monitor upcoming economic releases. Analysts
suggest the potential for further short positions as they anticipate
continued negative sentiment surrounding both currencies, particularly in
relation to economic fundamentals, including inflation and employment data.
- Price Targets: Based on professional trader insights, the next week's targets
are as follows: T1 at 1.24 and T2 at 1.23, with stop levels S1 at 1.26 and
S2 at 1.27. This structure places the current market price at 1.26,
supporting a strategized short position given the bearish sentiment.
- News Impact: Significant economic data releases will impact GBP/USD's
performance. Upcoming reports on employment, inflation, and central bank
policy decisions are likely to bring volatility and potentially reinforce
the bearish trend. Traders should remain vigilant for any news that could
sway the market dynamics in favor of the USD or impact sentiment toward the
British Pound.
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.
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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%
GBPUSD Set for Upside as 1Y Pivot Holds SupportHello,
FX:GBPUSD is likely to experience significant upside from this point, with the 1-year pivot point acting as support. While the pair remains mostly bearish, buyers are entering the market and anticipating further gains. The current conditions appear favorable for an upward move.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
