Gbpusdlong
GBPUSD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . GBPUSD long
! Great BUY opportunity GBPUSD
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GBPUSD: Dollar falls because of PCE inflation, consciousness on
The greenback index and greenback index futures each fell 0.1% in Asian buying and selling on Tuesday, with the dollar dropping a few floor in anticipation of key monetary data.
PCE charge index data - the Fed`s favored degree of inflation - could be launched on Thursday and is predicted to be taken into consideration in determining the valuable bank's hobby fee plan.
Before that, the second one up to date document on US fourth sector GDP can also be launched on Wednesday.
The relative resilience of the United States financial system and inflation indicates the Fed is signaling it's far in no rush to begin reducing hobby costs as early as this year, which bodes properly for the greenback.
GBPUSD - Short term buy ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to continue the retracement and then to reject from support zone + trendline.
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TRADE SETUPS ON GBPUSDHey Traders,
Check out this technical analysis on GBPUSD; it appears to be undergoing a wide pullback, potentially indicating a bullish momentum.
However, I would recommend waiting for a breakout above the channel before considering a buy-trade setup.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
GBPUSD 4HRS ANALYSIS Looking at the price we can see that it have reached to a psychological level of 27000 which is our TP2 now the price is likely to mske another move to hit another psychological level of 27500 TP 3 and another psychological level of 28000 TP4 . This because price is still in uptrend and likely to continue moving upward.
GBP/USD Longs from 1.26200 or 1.26000 back up This week, my bias for GU is aimed at observing a return to a demand level to sustain a short-term bullish trend. With the recent upside break in price structure, a fresh demand level has emerged, potentially signalling a bullish upturn.
I'll be monitoring for a Wyckoff accumulation within my point of interest (POI) before considering buy positions. These buys aim to reach the supply zone for potential selling in alignment with the overall trend. However, considering the bullish outlook of the dollar, my bias still leans towards bearishness, viewing these buying opportunities as temporary.
Confluences for GU Buys are as follows:
- Price broke structure to the upside and left a clean 2hr demand zone.
- Still some imbalance that still hasn't been filled as well as a 20hr supply that needs mitigating.
- Market also broke major structure to the upside could indicate a bullish trend.
- there's some liquidity above the recent high that needs to be taken as well.
P.S. Given the abundance of liquidity surrounding my specified demand zones, I'll proceed cautiously, mindful of the potential for some zones to falter due to the presence of trendline liquidity. This scenario is expected to fill the imbalance completely and possibly reach the 20-hour supply zone I've marked for potential selling.
Have a great trading week people!
GBPUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity GBPUSD
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
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GMPUSD H1 / Bullish Continuation / Targeting the PWH ✅ Hello Traders!
This is my forecast related to GBPUSD H1. I see a bullish market at the moment, that's why I expect that PWH will be taken. Until now, we can see only HH and HL, meaning that we are in a bullish market.
It's a good opportunity to look for long entries, as the bias according to this scenario is bullish.
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GBPUSD BUY ANALYSIS UPDATEBased on our previous analysis which was a double bottom price actually hits the TP1. so now remaining TP2, TP3 and TP4. So the buy should be around psychological level of TP1 and targeted profits should be around psychological level of TP2 , TP3 and TP4. So is expected to use money management.
GBPUSD BUY ANALYSIS 15 MINS TIMEFRAMAs the price has made a double bottom at psychological level of 26000 this show that there is a higher chance of going up . Price still on uptrend and so it expected to go for LONG and expect targeted profits should be at levels of psychological levels which are TP1, TP2. TP3 and TP4. Applying Money management are required
GBP/USD looks bullish on the daily chartIn the daily chart, GBP/USD looks bullish. We will give you reasons
as to why we think buying the dips is the best idea for Cable Traders.
Firstly, the key level around 1.25 was successfully defended by the buyers.
The price has also climbed back above the 100-day exponential moving average
level, which is a bullish sign.
The immediate resistance is at the 1.2630 level which if broken will soon take the
price toward 1.27. We recommend buying the dips in GBP/USD if price falls to
the 1.2550 level soon.