GBPUSD: Name is Pound, so looks are heavy!1. Optically looks higher,
2. Increase the time frame looks suspect
3. Revisit DXY looks doubtful
4. Near term 1.2665-1.2705 to rule, roast before the toast.
GBPUSD_TOM trade ideas
GUPPY NEXT MOVE (MAY FACE RESISTANCE)(12-06-2024)Go through the analysis carefully, and do trade accordingly.
Current price- 1.28600
"if Price stay below 1.29200 then next target is 1.28000 and 1.27200
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
Support us by liking and sharing the post.
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 Poundwise Penny foolish?Expected break unfolded, we are out of the congestion part of smaller degree wave ii
In the third wave which can accelearte break below 1.2640, while the 1.2690 holds any rally.
The targets range min 1.2625-1.2600-1.2570, Only daily close above 1.2710 negates this view.
Extremes moves can stretch towards mid 1.2500 area
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: Softer look, harsher truth. Central Banks meet,
1. Bears held below 1.2740 that is the short term stop or slightly 1.2772
2. direct move below 1.2700 invites back to 1.2640
3. failed in the larger upward old support now supply line.
4. 1.2640-2740 new range?
GBPUSD: Delusion ahead of Data!With host of data ahead, this one can stumble and fumble all the way. The lines and the reasons marked are sufficient to absorb.
Added line is it Death Cross what we are looking,
The fib should hold in that case.
Direct break below 1.2640 warns more damage
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: A CLEAR INSTITUTIONAL PLAY1 HOUR TIME FRAME PRICE ACTION:
1. the market has been making lower lows and lower highs
what does it indicate - Downtrend
2. how has the price been making lower lows and lower highs ? - With huge imbalances and fair value gaps(both are same)
3. what does the above two indicate? The institutions and the smart money has been selling
4. So what are we going to do? Follow the trend and follow the smart money footprint as a retailer to make money along with them
5. Where do we enter? - We enter in the orderblock after a change of character in the 15 min time frame for confirmation - safe entry
Risk entry: just enter in the order block
Knowledge is wealth!
The Wilson Law, named after its proponent, Robert Wilson, is grounded in the belief that knowledge and intelligence are powerful drivers of wealth accumulation.
HERE WE PROVIDE KNOWLEDGE, VALUE AND EDUCATION!
@VitalismTraders
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
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: PRE-MARKET ANALYSIS1. The price has made a change of character from bullish to bearish
2. The bearish nature also seems to be strong because the breakdown below the strong low has taken place with a big fair value gap.
3. So an entry to the short side can be taken after a significant pullback or a trap of bullish traders in the lower time frame reduce the risk and for confirmation
Knowledge is Wealth!
Here We provide you with Knowledge!
GBPUSD 4h setupIn the GBPUSD 4-hour setup, the price has breached the previous sell-side liquidity and is now converging with the 4-hour Point of Interest (POI). I am anticipating a buy-side entry after receiving confirmation from the 15-minute setup.
GBP/USD 4-Hour AnalysisThe GBP/USD is at a critical juncture with bearish signals dominating the current trend. Traders should watch the identified demand zone for potential buying opportunities. The RSI oversold condition and the proximity of long-term moving averages add to the potential for a bullish reversal in FVG area.
GBPUSD SHORT Price rejected on a strong resistance level on Daily TF, bearish movement to be expected as price formed multiple rejection patterns on smaller Time frame
GBP/USD Analysis: Key Reversal Zones and Upside TargetsThis GBP/USD 4-hour chart analysis focuses on potential reversal zones and upside targets. Highlighted are significant Break of Structure (BoS) points and a Fair Value Gap (FVG) support zone near 1.27000. Traders should watch for bullish reversal signals around the FVG support, aiming for the identified upside targets in upcoming trading sessions.
GBPUSD: A "SHORT" 1 HOUR ANALYSISMarket status:
1. The market has been making lower lows and lower high in the 1 hour.
2. there has been a bos in the downside with fvg
3. look for entries in the 15 min as the pullback is ongoing
4. as soon as there is choch in the 15 min to the downside near the fvg take entry.
5. An OB entry is even more highly likely to work
TRADING IS A MATHEMATICALLY PROBABILITY GAME
MAKE SURE YOU ARE ON THE RIGHT SIDE OF THE PROBABILITY
GBPUSD defends week-start recovery as UK employment data loomsGBPUSD stays defensive above 1.2700 as traders await the UK’s monthly employment data early Tuesday. In doing so, the Pound Sterling keeps the previous day’s recovery from a seven-week-old rising support line and the 21-day Exponential Moving Average (EMA). Monday’s rebound also justifies an uptick in the RSI (14) line but fails to gather momentum amid bearish MACD signals. As a result, the Cable pair is likely to mark another attempt to cross a descending resistance line from July 2023, close to the 1.2800 threshold at the latest. However, any further upside appears lacking acceptance, which if takes place could challenge the yearly high marked in March around 1.2895 and the 1.2900 round figure. Should the buyers keep the reins past 1.2900, the 1.3000 psychological magnet and late 2023 peak of 1.3142 will be in the spotlight.
On the contrary, the 21-day EMA level of 1.2710 and the aforementioned rising support line, close to the 1.2700 mark, restrict the short-term downside of the GBPUSD pair. It’s worth noting, however, that the Pound Sterling’s sustained weakness beneath 1.2700 will direct sellers toward the early May swing high of nearly 1.2635 and then to the 50% Fibonacci ratio of the pair’s July-October 2023 fall, near 1.2590. Following that, the 38.2% Fibonacci retracement level of around 1.2455 and an upward-sloping trend line from October 2023, near 1.2400, will act as the final defense of the bulls.
Overall, the GBPUSD pair is likely to extend the latest recovery ahead of the UK employment data but the upside room appears limited, which in turn suggests the need for strongly positive statistics to defend the buyers.
Gbpusd is more likely to go downHere is the analysis of GBPUSD.
You can short this as it took rejection from the major level according to smart money concept.
I have provided stoploss and target levels.
Do your own analysis before making any decision.
Thanks
GBPUSD ANALYSIS OVER H4 CHART.The 4-hour chart shows that the GBP/USD outlook is negative as it continues to trade below the significant 100-period Exponential Moving Average (EMA). The Relative Strength Index (RSI), which is now hovering around 37.00 and indicates that the downside is the path of least resistance, supports the downward trend.
1.2681, the low of May 30, will be reached with a clear break below the psychological barrier at 1.2710 and the lower bound of the Bollinger Band. The next level of contention is further south at 1.2645, a low of May 17, and then the round number is 1.2600.
Looking for Selling Opportunity in it., Trade with Proper Risk Management.
