Gbpusdshort
GBPUSD DAY TRADING IDEA 12/6/2024FX:GBPUSD Looking for a short term movement
to the the demand zone for the bulls to take over again . following Yesterdays continuation to the upside.. so if i get a retracement into a discounted level i will be looking to short ..
GBPUSD: The British Pound tends to increaseGBPUSD: The British Pound has also tended to increase right from the support zone around 1.2700, so in the short term it is expected that GBPUSD will still maintain above this price range. The uptrend is still guaranteed. Ace can consider buying briefly with GU today, the short-term goal is to retest the resistance area around 1.2770.
GBPUSD analysis after positive Nonfarm data📌GBP/USD drops below 1.2720 after encouragement from Nonfarm data. GBP/USD continues its downtrend and trades deep below the key support zone of 1,275. The US dollar outperformed its rivals following impressive labor market data in May, forcing the pair into sharp declines.
📌Next week's markets are in focus on Tuesday with the Change in Claimants, and the UK Average 3-Month/Year Earnings Index. Besides important US economic reports such as CPI, FOMC, PPI and UoM Consumer Preliminary Market Sentiment.
📌GBPUSD's minor intraband trading level is formed by two border zones 1.268 and 1.277. The 1,280 resistance zone still plays a key role in the long-term uptrend of GBPUSD. There may be a slight reaction around 1,280 before GBPUSD breaks out to the important resistance area of 1,288. In the opposite direction, when the currency pair breaks the trendline and continues the downtrend, the support zone at 1,265, the critical zone of the daily frame EMA, will support the currency pair to go up.
Resistance: 1.277-1.280-1.288
Support: 1.268-1.265
BUY GBPUSD 1.266-1.264 SL 1.262
SELL GBPUSD 1,288-1,290 SL 1,292
✍️Note: Break out 1,265 reverses to downtrend, Break out retests resistance 1,280
Temporary Sells on GBPUSDCaught sells from this setup. For the next few days/weeks we should see price drop to 1.2 vs the dollar. We will be looking to buy at the end of this setup
GBP/USD is heading to 1.266666(6/8/2024)GBP/USD faced a big loss after NFP data. Right now the price left a big FVG, and we believe its going to be filled the next week. DXY moved sharply and sentiment around it is bullish as well.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPUSD is flat as the market is waiting for important newsGBPUSD: The British Pound yesterday also largely accumulated sideways as the market was waiting for important news. However, technically, it can be seen that the upward trend is still being maintained. Therefore, you can consider the option of continuing to buy up GBPUSD today. It is expected that there is a possibility of a breakout to the higher target area around 1.2900 if NONFARM today is unfavorable for USD.
GBPUSD: is maintaining a positive upward momentumGBPUSD: The British Pound in the short term is still maintaining a positive upward momentum. And in today's session, with the USD outlook weakening, ace can consider selling with GBPUSD. Recommended buy limit around 1.2750
GBPUSDSELL on the theory markets ranges 70% of the time, and SELL on the theory markets retraces HALF of the previous leg 90% of the time. Entry on 1h TF is recommended. Breakdown already imminent.
Sell GBP/USD Beairsh FlagThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry : Consider entering a short position around the current price of 1.2710, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2665
2nd Support – 1.2640
Stop-Loss: To manage risk, place a stop-loss order above 1.2760. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
GBPUSD: The British Pound has also increasedGBPUSD: The British Pound has also had a positive increase in the context of the USD weakening strongly. So GBPUSD broke above the 1.28 resistance and is currently at 1.2813. Scenario in today's session GBPUSD will continue to maintain its uptrend to the higher resistance area around 1.0880. You can consider buying GBPUSD in the short term. Recommended to buy around 1.2800
GBPUSDSELL on the theory markets ranges 70% of the time, and SELL on the theory markets retraces HALF of the previous leg 90% of the time.
TRADE SETUP ON GBPUSDHey Trader,
Check out this analysis on GBPUSD.
A long entry plan is best above the intraday resistance area.
Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered.
Trade safe.
GBPUSD Trading Plan -31/May/2024Hello Traders,
Hope you all are doing good!!
I expect GU to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan .
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPUSD | Perspective for the new week | Follow-upDive into the GBP/USD market dynamics with us as we dissect its recent movements and chart a course for the week ahead.
After a brief dip to a weekly low sparked by disappointing UK Retail Sales data, GBP/USD bounced back and steadied above the 1.2700 mark. The USD's struggle to attract demand amid positive risk sentiment has provided support, allowing the pair to maintain its position.
The UK's Office for National Statistics (ONS) reported a 2.3% monthly decline in Retail Sales for April, worse than the anticipated 0.4% contraction, hindering Pound Sterling's upward momentum.
Conversely, across the Atlantic, US Durable Goods Orders surpassed expectations, though a downward revision to the previous month's figures tempered the impact, bolstering demand for the British Pound.
With limited high-impact economic releases expected from the UK in the near term, this video delves into our strategies for navigating the evolving market landscape in the week ahead. Join us as we analyze potential trading opportunities and chart our course forward
GBPUSD Technical Analysis:
Will the pound hold above $1.27000? Watch this video for key trades this week. We analyze trends and levels for market insights. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading!
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
GPBUSD TRENDLINE SELL ANALYSIS Here on GBPUSD price has been moving lower high, and lower low forming support and resistance . It is like to move down in other to complete the third resistance and support level.So going for SHORT is needed and targeting profits should be around support level of 1.26831
SHORT GBP/USD from 1.2747Yesterdays daily candle on GBP USDF was a pinbar and as todays candle is currently heavily BEARISH. all the signs are that GBP/USD BUYERS have fled.
Earlier in the week we saw price head north through the WR1 pivot and today has seen price head south back down leaving the WR1 pivot behind.
It needs to be remembered that although GBP/USD has been heading north since 10th May, the entire structure is BEARISH and it looks as if the BEARISH direction has resumed.
Any BEARISH momentum should drive the price back to the Daily 200 EMA which comes in at 1.2568 and this looks a reasonable target if the price continues to decline.
A break of this EMA opens the door to 1.2277 support and beneath that 1.2061.
There's little support beneath 1.2061 but that target is weeks away and much can happen.
All other indicators are BEARISH including (significantly) the DAily Andean Oscillator which has recently moved away from 0.
We may see price head north is spells but these will present further opportunities to SHORT this pair.
Note EUR/USD is similarly BEARISH as is AUD/USD and NZD/USD whilst USD/JPY and USD/CAD are BULLISH.
MY expectation is that we shall see declines in GBP/USD until the raft of economic prints are released out of the USA.
If Prelim GDP, Unemployment Claims and Pending Home SAles come out in red numbers the GBP could easily recover recent lost ground but if the prints are BULLISH then this pair could collapse.
😵💫GBPUSD: No Clear Bias for me. Multitimeframe updateMost recently, we are "stuck" in this box-range with unclear, messy price action
Given the fact I see bearish on HTF and bullish or messy on LTF, it's a contradiction
so right now I don't have clear confluence for this market
Overall on 15-60min. timeframes, we see recent bullish leg. Accumulation and reaccumulation
models are pushing price higher, however price is often choppy and wicky, which makes it hard to trade, at least for me
☝️Do not act based on my analysis, do your own research!!
Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions.
⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
GBPUSD: The British Pound has also corrected in the short term.GBPUSD: The British Pound has additionally corrected withinside the quick term. Currently, this forex pair is keeping across the aid degree on the 1.2690 area. However, with the modern-day fashion and downward pressure, it's miles probable that GBPUSD will penetrate this aid quarter to a deeper fee variety across the 1.2640 area. You can recollect keeping the sell-down watch with GU today
Sell GBPUSD ChannelKey Points:
Sell Entry: Consider entering a short position around the current price of 1.2750, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2720
2nd Support – 1.2680
Stop-Loss: To manage risk, place a stop-loss order above 1.2810 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
GBPUSD → Trade Analysis | SELL SetupGBPUSD is trading near the lower boundary of the descending channel.
The price has fallen under the dynamic support, which now acts as resistance.
We expect the decline to continue after testing the lower boundary of the channel.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
GBP/USD Gave Yesterday +50 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CABLE HEADING DOWNI was waiting to short GBPUSD from a while, and i finally think this lady looks ready. On h1 timeframe, 1.27750 is a strong resistance area and on short term, till we are below that price we are bearish. On Higher timeframe, looking at h4 we have a support zone at 1.27250 and we will probably range there before dropping. I have a final target at 1.26500, and invalidation above local highs
