GBPUSD Short OpportunityUSD is in bullish trand and we can take opportunity to short GBPUSD with targets of ABCD pattern. Entry can be taken at breakout of HL.
GBPUSD trade ideas
LOADING THE BRINKS TRUCK WITH GBP/USD1. Key Observations Across All Charts
Timeframes:
Indicators Used:
EMA (50 & 200): Shows short-term (EMA 50) and long-term (EMA 200) trends.
Price is below both EMAs, indicating a bearish trend across all timeframes.
VWAP: Volume Weighted Average Price – used to spot fair value.
The price is trading below VWAP in all charts, supporting the bearish bias.
MACD: Shows bearish momentum, with histogram bars below the baseline.
RSI: Indicates oversold or overbought conditions.
On most charts, RSI is hovering around 30-40, suggesting the market is nearing oversold territory.
Support and Resistance:
Clear zones identified for potential bounce-back or continuation:
Next Key Support: Around 1.2600 to 1.2550.
Major Support: Around 1.2500.
Psychological Resistance: 1.2800.
Higher Target: 1.2900 (major resistance if bullish recovery happens).
2. Detailed Chart Analysis
15-Minute (Short-Term View)
Trend: Bearish, with lower highs and lower lows forming.
Indicators:
Price is below EMA 50 and EMA 200.
RSI: Near 30 (oversold).
MACD: Histogram shows weak bearish momentum.
Interpretation:
The price may attempt to test support near 1.2600.
If support holds and RSI rises, expect a short-term pullback towards 1.2670.
A breakout above the 50 EMA could shift momentum.
30-Minute Chart
Trend: Continues bearish with resistance near 1.2680 and support near 1.2600.
Indicators:
EMA 50 and 200 are both sloping downward.
RSI remains under 40 – slight bearish momentum.
Trade Idea:
If price rebounds from 1.2600, target 1.2680 (short-term resistance).
If it breaks below 1.2600, next stop is 1.2550.
1-Hour Chart
Trend: Bearish.
Indicators:
Price is well below EMA 50 and EMA 200.
MACD remains bearish with increasing histogram size.
Support: 1.2600 to 1.2550.
Resistance: 1.2800 (psychological level).
Trade Idea:
A bounce from 1.2600 could lead to testing EMA 50 at 1.2700.
Break below 1.2550 opens a path to further downside (e.g., 1.2500).
4-Hour Chart
Trend: Strong bearish trend after rejection at 1.2800.
Support: 1.2600, followed by major support at 1.2500.
Indicators:
RSI at 24 – highly oversold.
MACD: Bearish, but histogram shows signs of flattening (possible loss of bearish momentum).
Trade Idea:
Consider buying near 1.2550 - 1.2600 if RSI starts rising and momentum weakens.
Upside target: 1.2700 to 1.2800.
1-Day Chart (Long-Term View)
Trend: Downtrend following failure to hold above 1.2800.
Support: Clear at 1.2600 (next key) and 1.2500 (major support).
Indicators:
RSI: Near 21, very oversold (potential for a rebound).
MACD: Bearish, but the pace may slow.
Trade Idea:
A pullback is likely from oversold conditions.
Buying opportunities exist between 1.2550 - 1.2600 with targets at:
1.2700 (short-term),
1.2800 (psychological resistance).
3. Summary of Trade Ideas
Short-Term (15M - 30M):
Look for a bounce at 1.2600 with a target of 1.2670 - 1.2700.
Stop-loss: Below 1.2580.
Medium-Term (1H - 4H):
Buy near 1.2600 - 1.2550 if price shows reversal signals.
Targets:
1.2700 (EMA 50),
1.2800 (key resistance).
Long-Term (1D):
Consider a long trade near 1.2550 for a rebound.
Targets: 1.2800 and potentially 1.2900.
4. Risk Management
Stop-Loss: Place stops just below 1.2550 to avoid deep drawdowns.
Take-Profit Zones:
Short-term: 1.2670 - 1.2700.
Medium-term: 1.2800.
Long-term: 1.2900.
Ensure proper position sizing and use a risk/reward ratio of at least 1:2.
Change the trend The price is expected to fluctuate within the current support range, then we are expected to see the start of an uptrend.
GBPUSD: Long Signal with Entry/SL/TP
GBPUSD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy GBPUSD
Entry Level - 1.2647
Sl - 1.2605
Tp - 1.2723
Our Risk - 1%
Start protection of your profits from lower levels
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GBPUSD longAll timeframes are pointing towards GBPUSD going up.
3 month:
Targets are at 1.3900 after price broke previous support at 1.2050 and retested it.
Monthly:
We can see that orders are not enough to go to 1.3900.
Hence, price has gone to a region it can fill orders at 1.2500
Weekly:
We can see that price formed a 3 pin pattern.
I expect price to go lower before we see upside
Daily:
Last week, price did not reach its target of 1.2820
The sudden downtrend shows that price will collect orders at 1.2567 before going up
4 hour:
Just like the daily, we see that price has major liquidity at 1.2567, where we will look to go long
Cable turns south after weaker British data
British data on Friday 13 December were pretty roundly disappointing: monthly GDP for October, industry and manufacturing all contracted against expectations for growth. Current estimates suggest that the Bank of England (‘the BoE’) will hold rates on 19 December and cut only three times in 2025, so it’s moderately likely that the BoE will remain at least one step higher than the Fed until next summer.
It’s possibly questionable whether 13 December’s reaction to the data was justified, since overall fundamentals for cable seem to be stronger than for euro-dollar. The volume of selling hasn’t increased significantly in recent days, so the price might need to bounce slightly before another serious attempt on $1.25 or lower.
The upside seems to be limited, though: $1.28 looks like an important resistance and the price is very close to overbought based on the slow stochastic. Volatility and volume will probably remain subdued until the central bank’s meetings, but from 18 December they’re likely to increase sharply. The next direction might become clearer then as the dust settles after banks’ news on consecutive days.
Sell, Sell, Sell GBP/USD from 1.26341Using both HTF and LTF analysis and comparing this to the Dollar we can see that the pound will drop this week.
From market open we can expect price to either take the ASH tapping into the 4H supply and continue in the downtrend from last week taking the ASL and further breaking structure to the downside.
However, there is also an ASH above so it is possible price may push up slightly in order to grab liquidity and continue pushing down. With the extreme bearish euphoric price movement price may have already taken enough liquidity in order to respect the ASH and just move to the downside with no point of entry.
Regardless of the way price decides to move when the markets open and asian session is in play, I expect price to push down as we have seen a heavy downtrend.
Read The GBPUSD MarketLet's Looking at GBPUSD Chart in all Scales and Prepare For start the next Week, Good Luck With Your Trades <3
The expected movement of the pound dollar in the long termThe expected movement of the pound dollar in the long term
Please beware of the sudden movement of the pound, because the British are always trying to disrupt the movement to prevent speculation on it
WITH GBPUSD FURTHER BREAKDOWN, LIKELY TARGETING BELOW 1.25000After micro double top, Cable further closed below 1.26178 indicating more weakness of the pair. The pair is now targeting to go lower...
N.B!
- GBPUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gbpusd
#cable
GBPUSD bears seems to be in controlIchimoku Analysis
1. Price vs. Cloud (Kumo):
The price has sharply broken below the Kumo (cloud), confirming a bearish trend.
The Senkou Span A (leading green line) is below Senkou Span B (leading red line), showing sustained bearish momentum.
2. Tenkan-Sen (Red Line) vs. Kijun-Sen (Blue Line):
A bearish cross (Tenkan-Sen below Kijun-Sen) occurred earlier, supporting the downward move.
3. Chikou Span (Lagging Green Line):
The Chikou Span is below price and cloud, affirming no immediate support in historical price levels.
4. Key Support & Resistance:
Resistance: 1.2763 - 1.2786 (cloud top and recent highs).
Support: 1.2600 (current psychological level), 1.2550 (minor support), and 1.2500 (major psychological support).
Ichimoku Wave Theory
The current price move forms a bearish N-Wave:
1. Impulse Up to 1.2786.
2. Correction Down to 1.2650.
3. Continuation Down to the current level (1.2600), with potential for a further leg down.
A measured move projects a continuation of approximately 100-120 pips below 1.2600, aligning with 1.2500.
Ichimoku Time Theory
Time cycles (9, 17, and 26 periods) help predict the timing of price targets:
1. Breakout Timing:
The breakout below the cloud occurred after 17 periods of consolidation.
2. Time to Targets:
TP1 (1.2550): Likely within 9 periods (36 hours) from the breakout point.
TP2 (1.2500): Likely within 17 periods (68 hours) from the breakout.
Each period represents 4 hours (4H chart).
Trade Setup
1. Entry:
Sell on a confirmed break below 1.2600.
Alternatively, enter on a retest of 1.2650 (Kijun-Sen level).
2. Stop-Loss:
Above the Kumo at 1.2763 to protect against reversal.
3. Take-Profit Targets:
TP1: 1.2550 (minor support) – expected within 36 hours (1.5 days).
TP2: 1.2500 (psychological level and measured move target) – expected within 68 hours (3 days).
4. Risk-to-Reward Ratio:
Entry: 1.2600
SL: 1.2763 (163 pips)
TP1: 1.2550 (50 pips)
TP2: 1.2500 (100 pips)
Conclusion
The bearish structure, confirmed by Ichimoku Cloud, Wave Theory, and Time Theory, favors further downside.
Expect TP1 (1.2550) in approximately 1.5 days and TP2 (1.2500) in 3 days.
Monitor for a retest of 1.2650 or a clear break of 1.2600 before entering short positions.
This setup aligns with Ichimoku's principles of combining price, time, and wave analysis for a comprehensive trade strategy.
NZDUSD simple strategyas I posted Sunday the trade idea played out amazingly Monday was bullish as expected and Tues was a indecision day the bears quickly took over the week and we may see a slight continuation next week.
GBPUSD-BUY strategy 3-hourly chart GANN SQthe pair is very oversold, but needs to overcome 1.2650 area. The indicaters are all still negative territory, except very low RSI as a note.
Strategy BUY @ 1.2610-1.2635 and take profit near 1.2765 for now.
Cable turns south after weaker British dataBritish data on Friday 13 December were pretty roundly disappointing: monthly GDP for October, industry and manufacturing all contracted against expectations for growth. Current estimates suggest that the Bank of England (‘the BoE’) will hold rates on 19 December and cut only three times in 2025, so it’s moderately likely that the BoE will remain at least one step higher than the Fed until next summer.
It’s possibly questionable whether 13 December’s reaction to the data was justified, since overall fundamentals for cable seem to be stronger than for euro-dollar. The volume of selling hasn’t increased significantly in recent days, so the price might need to bounce slightly before another serious attempt on $1.25 or lower.
The upside seems to be limited, though: $1.28 looks like an important resistance and the price is very close to overbought based on the slow stochastic. Volatility and volume will probably remain subdued until the central bank’s meetings, but from 18 December they’re likely to increase sharply. The next direction might become clearer then as the dust settles after banks’ news on consecutive days.
Cable turns south after weaker British dataBritish data on Friday 13 December were pretty roundly disappointing: monthly GDP for October, industry and manufacturing all contracted against expectations for growth. Current estimates suggest that the Bank of England (‘the BoE’) will hold rates on 19 December and cut only three times in 2025, so it’s moderately likely that the BoE will remain at least one step higher than the Fed until next summer.
It’s possibly questionable whether 13 December’s reaction to the data was justified, since overall fundamentals for cable seem to be stronger than for euro-dollar. The volume of selling hasn’t increased significantly in recent days, so the price might need to bounce slightly before another serious attempt on $1.25 or lower.
The upside seems to be limited, though: $1.28 looks like an important resistance and the price is very close to overbought based on the slow stochastic. Volatility and volume will probably remain subdued until the central bank’s meetings, but from 18 December they’re likely to increase sharply. The next direction might become clearer then as the dust settles after banks’ news on consecutive days.
This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
GBPUSD sell DAILY TIMEFRAMEGBPUSD just cross the tenkan sen, idea is sell, also it got nice pullback from kijunsen
GBPUSD sell DAILY TIMEFRAMEGBPUSD just cross the tenkan sen, idea is sell, also it got nice pullback from kijunsen
Triangle Breakout Setup on GBPUSD
I’ve identified a bullish triangle forming on GBPUSD. The price is consolidating, and a breakout on either side could signal a strong move.
GBP.USDPrice has pushed to the downside from the hook point in which I will be waiting for a developed continuation to form and take short for a risk entry.
FREE TRADE IDEA FOR GBPUSDFree trade idea for everyone out there! Hope you all are having a great day and doing well. The 4-hour chart turned bearish today after retesting the weekly/daily area of interest and showing a strong rejection. Wait for the retracement and take action. Remember to be patient and don't force any trades. Tomorrow is Friday, so the volume may be slower.
GBPUSD Wave Analysis 12 December 2024
- GBPUSD reversed from resistance level 1.2780
- Likely to fall to support level 1.2635
GBPUSD currency pair recently reversed down sharply from the resistance level 1.2780 (which reversed the price for the last 5 consecutive trading sessions) standing close to the 50% Fibonacci correction of the downward impulse from November.
The downward reversal from the resistance level 1.2780 started the active minor impulse wave 1, which belongs to the higher impulse wave (1).
Given the multi-month downtrend, GBPUSD currency pair can be expected to fall further to the next support level 1.2635 (low of the previous wave (B) from the end of November and the target for the completion of wave 1).
