SHORT GUDaily live trade in H1
This is my plan. My Strategy is Reversal or Pull Back method.
Win rate 65-70%.
R:R around 1:3
Trading is risky, so follow capital management and follow stoploss.
GBPUSD
Eurnzd trade idea !! cup and handle pattern ?? #eurnzdEurnzd trade idea !! cup and handle pattern ?? #eurnzd
break out of resistance and retest + bearish enfulging candlestick
is enough to trade or we need to wait for more confirmation
DXY 1 D - ANALYSIS 10 AUG 2024
Definition: Explain what the DXY (US Dollar Index) is and how it measures the value of the US dollar against a basket of major foreign currencies.
Importance: Highlight why the DXY is a crucial indicator for forex traders, investors, and economists.
2. Market Analysis
Current Trends: Present recent trends in the DXY, including historical data and recent movements.
Technical Analysis: Use charts and technical indicators to analyze patterns that suggest a potential decline in the DXY. Include tools like moving averages, RSI, MACD, and support/resistance levels.
3. Economic Indicators
Impact of Economic Data: Discuss how economic data (like GDP growth, employment figures, and inflation rates) affects the DXY.
Federal Reserve Policies: Explain how interest rate changes and monetary policy from the Federal Reserve influence the DXY.
4. Global Factors
Geopolitical Events: Examine how global geopolitical events, such as trade wars, political instability, or international conflicts, can impact the DXY.
Comparative Currencies: Compare the US dollar’s performance with other major currencies like the Euro, Yen, or Pound.
5. Risk Management
Risk Factors: Outline potential risks involved in selling the DXY, including unexpected economic announcements or geopolitical events.
Strategies: Offer strategies for managing risk when betting against the DXY, such as setting stop-loss orders and diversifying investments.
6. Case Studies
Historical Examples: Provide case studies or historical examples where selling the DXY proved profitable or unprofitable. Analyze these cases to offer insights into current market conditions.
7. Expert Opinions
Interviews: Feature insights from financial analysts, economists, or trading experts who can provide professional opinions on the DXY’s future.
Market Sentiment: Summarize current market sentiment and how it aligns with or contrasts against your position on selling the DXY.
8. Actionable Insights
Investment Strategies: Suggest specific trading strategies for those interested in selling the DXY, such as short selling, options trading, or futures contracts.
Tools and Resources: Recommend tools, platforms, or resources that traders can use to track DXY movements and execute trades.
9. Conclusion
Summary: Recap the key points discussed and reinforce why selling the DXY could be a profitable strategy.
Charts and Graphs: Use visual aids to illustrate trends, technical analyses, and economic impacts.
Infographics: Create infographics to simplify complex information and make it more accessible.
Videos/Webinars: Host video analyses or webinars to provide a dynamic and engaging way to discuss DXY selling strategies.
GBPUSD getting bearish check this out !hello traders hope you having a great trading week well as per my view i see GBPUSD as getting bearish as there is many technical points which favor gbp to getting bearish
GBPUSD bounces off 100-SMA but bears stay hopefulThe GBPUSD saw its first daily gain in three days on Wednesday, bouncing back from the 100-day Simple Moving Average (SMA). This move shows the 100-SMA support level at 1.2682 is holding strong, and the descending RSI (14) indicates the downtrend is weak. However, the Pound Sterling’s continued dip below the 50-SMA and previous support level near 1.2785-2800, along with bearish MACD signals, keep sellers hopeful. If the price stays above 1.2800, the March peak around 1.2900 and the top of a 10-month-old upward trend channel near 1.3030 will be challenging for buyers.
On the other hand, the 100-SMA and 200-SMA are limiting the GBPUSD's short-term decline, with support around 1.2680 and 1.2650. After that, the 50% and 38.2% Fibonacci retracement levels from the pair's July-October 2023 drop, near 1.2590 and 1.2455, will be key for sellers. Overall, Pound Sterling buyers can stay in control as long as the 10-month-long upward trend channel, which ranges from 1.3030 to 1.2440, remains intact.
In summary, GBPUSD is expected to test the sellers, but for the bullish trend to continue, it needs to stay above 1.2800.
GBPUSD SELL FOR FRIDAY!!!!!!!See price moving down with lot of selling pressure.
It may continue down .
1.2684 is the target price move in downside.
Learn to do analysis by yourself.
GBPUSD BULLISH!!!!!!!!!GBPUSD is bullish today
Just I marked the levels that price will reach
This is my analysis
Learn to do by your own.
GBPUSD drops to resistance-turned-support with eyes on Fed, BoEGBPUSD remains pressured after refreshing a three-week low the previous day. In doing so, the Cable pair extends the mid-week retreat from a year-long horizontal resistance while posting the first daily closing beneath the 21-SMA since July 02, 2024. Apart from that, the bearish MACD signals and the RSI line’s hovering around the 50.00 region also suggest the Pound Sterling’s further weakness. However, a previous resistance line stretched from late July 2023, close to 1.2835 at the latest, restricts the immediate downside of the quote. Following that, 50-SMA and a three-month-old ascending trend line, respectively near 1.2780 and 1.2760, will act as the final defenses of buyers before giving control to the sellers.
Meanwhile, GBPUSD buyers will need validation from the 21-SMA hurdle of 1.2872 and monetary policy announcements of the US Federal Reserve and the Bank of England (BoE). Even so, the 78.6% Fibonacci ratio of its July-October 2023 downturn and the aforementioned horizontal resistance region, close to 1.2910 and 1.3000 in that order, will be tough nuts to crack for the Pound Sterling bulls. If the Cable pair stays firmer past 1.3000, the previous yearly peak surrounding 1.3145 will be in the spotlight.
To sum up, the GBPUSD pair is likely to decline further but the road toward the south appears long and bumpy.
GBPUSD turning bearish?GBPUSD rejected the upper bounds of the daily timeframe channel and made a lower low. Can we see further downside?
trade idea of gbpnzd , trade with your own risk this is trade idea of gbpnzd . i don't reccommand you to take my trade , because i'm not sure my trade going in my favour. if you trade this then trade with your own risk...
GBPUSD bulls run out of steam near 1.3000, UK inflation eyedGBPUSD seesaws at the highest level in a year ahead of the UK’s monthly Consumer Price Index (CPI) data for June. In doing so, the Cable pair justifies the overbought RSI (14) line as buyers struggle around a one-year-old horizontal resistance zone, close to 1.2995-3000. It’s worth noting, however, that the bullish MACD signals and the quote’s sustained trading beyond a downward-sloping resistance line from July 2023, now support around 1.2840, keeps the bulls hopeful. Even if the pair drops beneath the 1.2840 resistance-turned-support, the 200-day Exponential Moving Average (EMA) level of 1.2627 will be the last defense of the bulls. It should be observed that the 78.6% and 61.8% Fibonacci retracements of the quote’s July-October 2023 downturn, respectively near 1.2910 and 1.2720, are additional downside filters to watch during the bear run.
Alternatively, GBPUSD bulls need validation from the upbeat UK inflation clues and the 1.2995-3000 upside hurdle to keep the reins. Following that, the Pound Sterling could rise toward the previous yearly high of 1.3142. However, the 1.3100 threshold may act as an intermediate halt during the rise. In a case where the quote remains firmer past 1.3142, the late 2021 swing low of around 1.3150-55 and the 1.3200 round figure can test the bulls before directing them toward the January 2022 low of near 1.3355.
Overall, GBPUSD appears overdue for a pullback but the bullish trend could remain intact.
GBPUSDGBPUSD looked proimising, hovewerr price reversed and aim for a higher interest , was stopped out on this position. But you can see, on Tuesday low of the week was formed.
GBPUSDAs posted in the latest video I recorded, I have been waiting for price to come into that sell zone, it just came in and started dropping from it. If we go now on 15min (right picture ) , we can see also that flip happened. Ideally would be to see a nice pull to the downside and then price retracing back into the London session or NY. And as Tuesday is tomorrow, we can expect to see the High/Low of the week on many pairs.
Note: Identifying weekly Highs, Lows can help you decide what positions to hold onto.
GBPUSD SHORTFOREXCOM:GBPUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
GBPUSD pokes key upside hurdles as UK/US PMI, Fed Minutes loomGBPUSD struggles to defend the five-day uptrend early Wednesday as traders await key activity numbers from the UK and the US, as well as Minutes of the latest Federal Reserve (Fed) monetary policy meeting. It’s worth noting that the US Dollar’s weakness past Fed Chair Jerome Powell’s speech propelled the quote’s previous rebound from a two-month-old horizontal support, enabling buyers to poke the 100-bar SMA. Also underpinning the upside bias are the firmer RSI conditions and the bullish MACD signals. However, the 100-SMA’s bearish cross of the 200-SMA, known as the death cross, challenges the Cable buyers unless crossing the broader moving average, namely the 200-SMA hurdle of 1.2715. Following that, the mid-June swing high of around 1.2740 and 1.2800 become imminent targets for the Pound Sterling buyers before aiming for the previous monthly high of around 1.2860.
Meanwhile, GBPUSD sellers need firmer US data and hawkish Fed Minutes, as well as a successful break of the aforementioned two-month-old horizontal support surrounding 1.2610-15. Following that, the Cable bears will aim for the 1.2550 and the 1.2500 thresholds ahead of challenging May’s bottom surrounding 1.2445. It should be observed that the Pound Sterling’s sustained weakness past 1.2445 will make it vulnerable to challenge the yearly low marked in April surrounding 1.2300.
To sum up, the GBPUSD bulls are at a crossroads and need a fundamental push to keep the reins.
GBPUSD: Price is still favorable for SellersToday, GBPUSD is trading around the 1.263 level, with the main trend favoring the sellers. The technical outlook points towards further downside targets as the pair remains within a descending wedge. I will trade with the trend and prioritize selling this pair.
Pay attention to the upper and lower limits to find optimal buy and sell opportunities, and be mindful of your stop loss (SL) and take profit (TP) levels when the price breaks out.
What should GBPUSDT today be traded?GBP/USD remained below the 1.2700 mark, trading sideways on Wednesday. The diverging policy outlooks between the Fed and the BoE, coupled with anxieties surrounding the upcoming UK elections, have kept this currency pair within a familiar range amidst a prolonged downtrend. The focus remains on a downward trajectory targeting the next support level.
GBPUSD Sell strategy?Hello everyone! What are your thoughts on GBPUSD today?
From our chart analysis, it's evident that this currency pair is under bearish pressure. It has recently broken below the ascending trendline and is currently in a downtrend wave.
Currently trading at 1.266, I believe GBPUSD might gain some short-term bullish momentum from the support around this level. However, it is likely to resume its downward trend after completing a retracement to the 0.5 - 0.618 Fibonacci levels.
My target for this scenario is 1.252. What about you? Do you agree with this analysis, or do you have a different perspective?
GBPUSD : Still on sale !GBPUSD is on a downward trend, the price fell sharply late yesterday and it is currently trading around 1,266 and sellers have successfully broken the support level of 1,266. The outlook for further downside as the 34 EMA reverses remains stable. Sales strategy is prioritized.
GBPUSD: Still maintaining recovery momentumGBP/USD rose firmly above 1.2700 in quiet trading on Wednesday as GBP traders braced for Thursday's latest outing from the Bank of England, which is expected to hold gains yields stayed at 5.25% even as UK economic data continued to miss the target, but not so badly as to raise fears of an outright recession.
GBPUSD stays on bear’s radar ahead of UK inflation, BoEGBPUSD stays defensive after recovering from a one-month low in the last two days. That said, the Cable pair’s latest inaction could be linked to the trader’s cautious mood ahead of the UK’s top-tier data/events, namely Wednesday’s Consumer Price Index (CPI) and Thursday’s Bank of England (BoE) Monetary Policy Announcements. However, the quote’s sustained trading beneath a nine-week-old ascending trend channel and a convergence of the 50 and 100-bar Exponential Moving Averages (EMAs) keep the Pound Sterling sellers hopeful. Even if the pair manage to cross the aforementioned EMA confluence of around 1.2725-30 and also trade successfully beyond the stated channel’s bottom line, close to 1.2765 at the latest, a three-week-old ascending resistance line surrounding 1.2885 will challenge the upside momentum.
On the flip side, a fortnight-long horizontal support region surrounding 1.2640 and the 1.2600 threshold restricts short-term declines of the GBPUSD pair. Following that, the previous monthly low of nearly 1.2445 and the yearly bottom marked in April around 1.2300 may entertain the Pound Sterling sellers. In a case where the Cable pair remains bearish past 1.2300, it becomes vulnerable to slump toward the late 2023 low of near 1.2035 and then to the 1.2000 psychological magnet.
To sum up, the GBPUSD pair’s latest rebound appears elusive as it keeps the previous week’s downside break of technical supports, now resistances. Also favoring the pair sellers is an absence of oversold RSI and likely downbeat UK catalysts.
GBPUSD: Maintain price on TrendlineHello everyone!
Looking at the chart, GBPUSD is currently moving along the trendline. Despite yesterday’s significant drop, the outlook still favors the bulls as long as the trendline remains intact.
However, keep an eye on the trendline's limits. If the price breaks through, it could provide a good entry point for trades.
Happy trading, everyone!
The upward momentum for GU seems weak!After a long upward trend on the H4 timeframe, the price has now reverted to the H4 demand zone. The momentum appears to be moving sideways rather than straight up. In my personal opinion, if the H4 continues its upward trend, there will likely be a liquidity sweep in the H4 area (wide sideways range) before a decisive direction is determined.
Our suggested action at this time: If you are a swing trader, continue to wait and observe.
FX:GBPUSD
