GBPUSD ORDER BLOCK | SWING TRADEHi Traders,
Gbpusd Short Trader
This is gbpusd 1hr Order block we can look for short entry at this level.
with small SL.
Take Entry on 5Min CHoCH.
Note - Only for Education purpose
GBPUSD_TOD trade ideas
GBPUSD rejection from weekly high trendlinesee the market is continue rallied from the bottom it reaches the extreme high liquidity , it may get rejected .... so i taken this trade on this basis.....
GBPUSDThe GBP/USD exchange rate has increased by 0.31% during the North American trading session and is trading at 1.2746, after rebounding from the daily low of 1.2690. The spring budget announcement in the United Kingdom and the testimony of Federal Reserve Chairman Jerome Powell have supported the rise in this currency pair, which is now poised to test the 1.2800 level.
buying opportunity in gbpusdFor GBP/USD, if an inverted head and shoulders pattern is forming, traders would be watching for the breakout above the neckline on the price chart. Once this breakout occurs, it could signify a shift in momentum towards bullishness for the GBP/USD pair.
GBPUSD: Is this week's trend up or down?RKarina sends greetings at the beginning of the week to everyone, wishing you all a smooth and exciting trading week.
Currently, GBPUSD is maintaining a fairly stable price around 1.266, recording a 0.08% recovery during the day. The GBP/USD pair has formed a good recovery on Friday from the level of 1.2600, which has been a low point for a week and a half, and has attracted some positive momentum.
In terms of trends, GBPUSD is still in a sideways state, but in the short and medium term, it seems that the buying side is holding strong with price increases after this currency pair tested the 34 and 89 EMA lines and continued to move up.
My goal for this week is for GBPUSD to continue rising with two main targets, namely 1.270 and 1.276. What about you? Do you have a goal for an increase or decrease in price?
GBPUSD MULTI TIME FRAME ANALYSISHello 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 price action 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.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
GBPUSDGBPUSD Technical Analysis According Short Because, GBPUSD Moved in Ascending Channel or GBPUSD Make Duble Top. Now I think GBPUSD is the Sell. for Long Time or Short Time Trade.
GBP/USD Intraday Trade: Breakdown of Inverted Head & shoulderLooking for a potential trading opportunity in the GBP/USD currency pair? Keep an eye on the intraday charts for a breakdown of the inverted head and shoulders pattern. This classic reversal pattern typically indicates a shift in market sentiment from bearish to bullish.
Here's how to identify the setup:
Inverted Head and Shoulders Formation: Watch for a series of price movements characterized by a lower low, followed by a higher low (the head), and then another lower low, followed by a higher low (the right shoulder). The neckline connecting the highs of the head and shoulders acts as a resistance level.
Breakdown Confirmation: Once the price breaks below the neckline, it signals a potential breakdown of the pattern. This breakdown suggests that selling pressure has weakened, and buyers may be stepping in, driving the price higher.
Entry Strategy: Consider entering a long position (buying) once the breakdown is confirmed. Look for a retest of the neckline-turned-support level for an optimal entry point. Ensure to set a stop-loss order below the recent swing low to manage risk effectively.
Target and Risk Management: Set your profit target based on the height of the pattern, measured from the neckline to the head, and then projected upward from the breakout point. As for risk management, adjust your position size to align with your risk tolerance, and consider trailing your stop-loss as the trade progresses to protect potential profits.
Remember, trading patterns such as the inverted head and shoulders should be used in conjunction with other technical analysis tools and risk management strategies. Always trade with caution and consider the broader market context before executing any trades. Happy trading!
@TradingView
@johntradingwick
GBPUSD bulls jostle with multi-month-old resistance lineGBPUSD rose to the highest level in a month the previous day but failed to offer a daily closing beyond a downward-sloping resistance line from July 2023. In addition to the inability to cross the key trend line resistance, softer prints of the UK PMIs and sluggish MACD signals also challenged the Cable pair buyers. However, the quote’s capacity to remain firmer past the 200-bar Exponential Moving Average (EMA) and the firmer RSI (14) line push back the bears. Hence, the Pound Sterling bulls are likely to keep the reins and can overcome the immediate resistance line, close to 1.2700 by the press time, but its further advances need validation from the late 2023 swing high of around 1.2830 and the MACD signals to confirm the bullish trend. In that case, tops marked on July 23 and 13, respectively around 1.3000 and 1.3140, will be in the spotlight.
Meanwhile, the GBPUSD pair’s pullback moves remain elusive beyond a one-month-old rising support line, close to 1.2600. Following that, the Cable bears will need confirmation from the 200-EMA level of 1.2530 on a daily closing basis to retake control. Should that happen, the quote’s gradual downward trajectory toward highs marked in November and October of 2023, around 1.2430 and 1.2335 in that order, can’t be ruled out.
Overall, the GBPUSD pair remains on the bull’s radar despite the latest struggle with the key resistance line. Apart from the technical details, the cautious mood ahead of the US ADP Employment Change and Fed Chair Jerome Powell’s Testimony also appear crucial to determine near-term moves of the Pound Sterling.
GBPUSD: a post move analysisTIME FRAME : 1 HOUR:
the price has been making higher highs and higher lows which means the market is bullish and the price is going higher and higher collecting the buyside liquidity
TIME FRAME: 15 min:
the price makes a change of character from bearish to bullish as the price makes a higher high after a liquidity sweep in the lower side. and continues making higher highs and higher lows
the first ob after the choch is our entry point and the blue line marks the exit because that is the previous day high
GBPUSD MULTI TIME FRAME ANALYSISHello 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 price action 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.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
GBPUSD: POST MARKET ANALYSISthe market in the 1 hour time frame, price has been taking sell side liquidity with fvg showing that the price wants to take further sell side liquidity. so the bias is bearish and the entry opportunities are presented in the 15 min and 5 min tf with repsective change in character to the bearish side
Gbpusd sell// shortGU selling 1hr ob
Alot of liq on the downside ,
Double fvg is the target or the two red line
GBPUSD: The risk of a price drop lurksThe GBP/USD exchange rate is hovering around 1.2680 on Wednesday as markets seek new impetus from the Federal Reserve (Fed) as investors gradually shy away from high-interest rate cut bets. Data on US Gross Domestic Product (GDP) inflation and Personal Consumption Expenditures (PCE) Price Index will be released this week.
Data from the United Kingdom remains sparse this week, with the market focusing on important figures to update expectations of interest rate cuts by the Fed.
As a result, GBPUSD is struggling to rise, with both short-term and medium-term corrections indicating a downward trend. The currency pair has already broken below the support level of 1.267. In the event that the next support level at 1.265 is breached, the possibility of a decline below 1.262 is entirely plausible as there will be no significant support points to prop up GBPUSD.
GBPUSD : Slight discount !The GBP/USD pair broke free from the recent low around 1.2620 and rebounded to 1.2660 at the start of Thursday's Asian trading session. The demand for the US Dollar (USD) weighed heavily on the GBPUSD pair ahead of a significant event in the United States.
Investors are currently awaiting the release of the US Personal Consumption Expenditures (PCE) Price Index for January at the end of the day, hoping for fresh momentum.
GBP/USD: maintain good growth rateThe GBP/USD pair continues its upward momentum below the psychological barrier of 1.2700 in the early Asian trading session on Tuesday. The FOMC minutes indicated that the Fed has reaffirmed its data-dependent approach, leading to a more dovish outlook. This has weighed on the US Dollar (USD) and created a favorable environment for this currency pair.
At the time of writing, GBP/USD is trading at 1.2685, up 0.02% for the day. My expectation is that the price will continue to rise after finding support at the 34 and 89 EMA levels.
GBPUSD AnalysisFOREXCOM: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 ShortFX: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 bulls keep the reins despite latest inactionGBPUSD stays defensive above 200-SMA after posting the first weekly gain in four, making rounds to 1.2680 early Tuesday. In doing so, the Cable pair defends last week’s upside break of the key SMA support, around 1.2660 by the press time, while also edging higher past a one-week-old rising support line, close to 1.2645 at the latest. Not only the pair’s ability to stay beyond the key SMA and an immediate support line, but an absence of the trend-negative oscillators also keeps the Pound Sterling buyers hopeful. It’s worth noting, however, that the quote’s sustained trading beneath 1.2645 will defy the bullish bias and make it vulnerable to aim for the monthly low surrounding 1.2520.
On the other hand, the 1.2700 round figure guards the immediate upside of the GBPUSD pair amid a lack of major data/events, as well as due to the cautious mood ahead of today’s US Durable Goods Orders. That said, the Cable buyers target a downward-sloping resistance line from late December 2023, near 1.2740 as we write. In a case where the Pound Sterling manages to stay firmer past 1.2740, the yearly high of near 1.2785 and the late 2023 peak of 1.2830 will test the upside momentum targeting the 1.3000 psychological magnet.
To sum up, the GBPUSD pair’s latest performance appears less important for the bears as far as the price stays beyond the key SMA and the short-term support line.
GBPUSD: stable daily recovery streakHello dear traders, today GBPSUSD continues its winning streak during the recovery process, with trading levels around 1.266 and remaining within an upward price channel with stability.
It is expected that the price will continue to recover after the correction phase and reach the lower limit of the ascending channel, while also testing the EMA 34 and 89.
GBPUSD: A SHORT TRADEthe asian range high and the low has been marked
the price in the london session in the 15 min time frame has sweeped the asian high
and made a change of character from bullish to bearish in the 1 min time frame
so the target is going to be the asian low
risk: the market structure in the 15 min and the 1 hour time frame has been bullish
so going short means going against the trend
Analysis of GBPUSDChart Analysis:
As per weekly timeframe, it has made a 'Bullish Engulfing' pattern after three consecutive bearish weeks taking support in the pivot line of '1.25566', with RSI above 50 and mildly rising, and above 10 and 20 DEMA. But keeping in mind, there is a rejection around '1.27100' level.
Technical Analysis
Hawkish stance from BOE, and good monthly numbers favoring USD makes it a tug of war this week.
Conclusion
We can expect a retest of '1.27100' level, above that next crucial level is at R1 of Pivot line at around '1.26900' level and anything closing below the 10 & 20 DEMA on the daily timeframe can drag it to the bearish zone as it is trading in the mid area of Bollinger Bands and there is no spike in Volumes.
Probability of upside to downside - 70:30
