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Gbpusdshort

GBPUSD Looking Descending Triangle🚨 GBP/USD Update OANDA:GBPUSD 🗓️ Date: 25 February, 2024 ⏰ Timeframe: Daily 💡 Given in the chart – ♦️ Blue color -(Descending Triangle ) = D1 ♦️ Red color -Resistance Level = 1.2714 ♦️ Green color -Support Level = 1.2528 The currency pair did not see any good movement in the last week i.e. February 18-24. This is mainly due to the lack of publication of any fundamental news in the last week. The movement of the currency pair for the whole week was only about 70 pips. Analyzing the chart on the Daily time frame, we have identified the presence of an essential Descending Triangle Chart Pattern. The range of this chart pattern is between 1.2528 and 2713. Although this chart pattern indicates a bearish movement, the price needs to break the support level part of the pattern to confirm it. That is, a price position below 1.2528 is mandatory. ✅ As long as the price stays within this range, you can accept Sell entries in the resistance part of the range and Buy entries in the support part according to the bounce trading strategy. Remember that the UK is in an overall economic recession. The economy of a country is directly reflected in the currency of that country. The advice would therefore be to be cautious in accepting entries in any GBP currency pair. 🚫 The currency pair does not currently have any positions to accept entries in Buy positions. If the price can stay above the resistance level of the range i.e. 1.2713, then you can only think of a Buy position. Until then Sell entry is the most profitable. If you like the analysis then please follow and boost the post. Thank you Admin@Green Forex Trading
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by GreenFxTrading
Gbpusd Buy Area TodayGBP/USD holds above 1.2660-1.2650, where the 200-period Simple Moving Average (SMA) on the 4-hour chart and the Fibonacci 23.6% retracement level of the long-term uptrend align. In the meantime, the Relative Strength Index (RSI) rises toward 60, reflecting a buildup of bullish momentum. On the upside, 1.2700 (psychological level, static level) could be seen as next hurdle before 1.2760 (static level) and 1.2800 (psychological level, static level). If GBP/USD returns below 1.2660-1.2650 area and starts using it as resistance, additional losses toward 1.2620 (100-period SMA, 50-period SMA) and 1.2600 (psychological level) could be seen.
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by Mark804
GBP/USD - Sell Zone !Hey there! I'm selling on GBP/USD: -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We have an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We are with the trend. The GBP is likely to start depreciating due to the UK entering a recession! And the USD, on the other hand, is the complete opposite; it's extremely strong/performance currently thanks to rather positive economic results! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment!
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by KizzFrance
GBP/USD - Interesting sell zone! (Swing)"Hello everyone! After yesterday's stop loss, the plan remains the same, here's my second attempt! - Here's my view on GBP/USD: - We have liquidity. (Recovery and Accumulation!) - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we have a very strong USD. Particularly thanks to the very positive NFP for the US, among other factors! 10Y T-Notes have risen by 3%, so far everything is going well for the USD, so it's advisable to favor sales on pairs with XXX/USD. But we also have the UK entering a recession, so we have a pound that's very affected but still seems to be fighting not to depreciate too much following this recession, supported by several financiers in the UK; investors are mixed. That's why I see GBP/USD rebounding in the zone and dropping! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!"
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by ex_rico
GPB USD BUY GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. GBP/USD has managed to defend the 1.2650 level in early European morning on Monday, even as the US Dollar recovers ground on the back of a risk-off market mood. Traders now look forward to BoE Chief Economist Huw Pill's speech and US housing data for fresh impetus. Confirm Chart GBPUSD
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by JohnHarry_7
Sell GBPUSD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Key Points: Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal depending on the breakout direction. The recent break below the lower trendline signifies a potential confirmation of a downtrend continuation. Sell Entry: Consider entering a short position around the current price of 1.2662, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following levels @ 1.2585 and 1.2552 Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the triangle, ideally around 1.2695. This helps limit potential losses if the price reverses and breaks back upwards. Thank you.
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by KABHI_TA_TRADING
11
Gbpusd sell now today confirm move is sell guy's don't miss thisGBP/USD pierced through 1.2700, where the 50-, 100- and 200-period Simple Moving Averages (SMA) on the 4-hour chart are located, and closed the last 4 4-hour candles above that level. Meanwhile, the Relative Strength Index (RSI) indicator rose to 60, confirming the bullish tilt in the short-term outlook. On the upside, 1.2780 (static level) aligns as interim resistance before 1.2820 (end-point of the latest uptrend) and 1.2860 (static level from July). Strong support is located at 1.2700 before 1.2650 (Fibonacci 23.6% retracement). Gbpusd sell now 1.27635 Confirm Target 1.26073
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by FxJoseph_7
3
GBPUSD: The USD fell earlier than the PMI data, the Euro and BriThe dollar edged lower in early European trade on Thursday, with risk sentiment buoyed by Nvidia's strong earnings, while traders awaited the release of business activity surveys. important for finding clues about the health of the global economy. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading 0.4% lower at 103.472, down nearly 1% year to date. this point this week. Strong earnings from AI favorite Nvidia (NASDAQ:NVDA) boosted global confidence, resulting in the safe-haven dollar taking a hit, favoring more cyclical currencies . The greenback hit a high this week, but remains more than 2% higher for the year, as traders eased aggressive bets on a series of interest rate cuts by the Federal Reserve this year. Minutes of the Fed's late January meeting, released on Wednesday, showed that the bank is in no hurry to reduce interest rates in the near future. Speeches by several Fed officials this week also reiterated this hawkish stance, with policymakers citing concerns about tough inflation. Attention now turns to the release of PMI data, weekly unemployment data and, more importantly, manufacturing and services PMI data for February, to gauge the economy's underlying strength. GBP/USD traded 0.5% higher at 1.2701, with UK PMI data expected to show strong expansion in the country's dominant services sector.
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by Chart_MasterPro
Sell GBPUSD at UK RecessionThe GBP/USD pair on the H4 timeframe exhibits a potential selling opportunity due to a recent downward breakout from a symmetrical triangle pattern. This pattern suggests a period of consolidation followed by a potential trend continuation in the breakout direction. Key Points: Triangle Breakout: The price has been confined within a symmetrical triangle, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break below the lower support line at 1.2600 signifies a shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price of 1.2630, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the support level of 1.2350, marking a previous support zone within the triangle. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the triangle, ideally around 1.2750. This helps limit potential losses if the price reverses and breaks back upwards. Thank you
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by KABHI_TA_TRADING
18
Sell GBP/USD Bearish Channel The GBP/USD pair on the M30 timeframe displays a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming hours. Key Points: Bearish Channel: The price has been trading within a descending channel characterized by two falling lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure. Sell Entry: Consider entering a short position around the current price of 1.2590, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.2502 and 1.2454, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 1.2635. This helps limit potential losses if the trend unexpectedly reverses. Thank you.
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by KABHI_TA_TRADING
10