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Gbpusdshort

GBPUSD | H1 | Trade IdeaLooking into GBPUSD from an overall structural perspective we can see that we’re currently trading within a consolidation forming on our higher timeframes so currently our trading is focused more around the key areas within the consolidation while we wait for the market to choose an overall direction on a larger scale. Now taking from the above statement we can see that as we further breakdown GBPUSD going into smaller timeframes we can see that the market has broken out of our rising wedge formed on our H1/H4 timeframes and also through our minor 1D uptrend, now given that breakout we can further take note of the potential QML forming on our H1 which would further add as confirming our potential sell order. I’ll be looking to sell GBPUSD from 1.27273 upon the retest of our diagonal Support from the breakout of our lower timeframe rising wedge which will also be the completion of our “Right Shoulder” on our potential QML formation. Stops will be placed at 1.27677 (-40 pips) and my final Take Profit level being 1.25361(+191 pips) giving us a potential 1 : 4.7 risk reward ratio. We should also take note of the potential Fundamental announcements that will be released throughout the course of this week which will have an impact on the overall USD value and also those that’ll be impacting the overall GBP value as there are some important announcements that’ll be made I.e interest rates. NB: This analysis is comprised solely of my own personal opinions and my own person outlook/overview of the market and should not be taken as direct advice to either enter a buy/sell position within the outlined market, please confirm with your own analysis prior to taking any trading decisions based on the outlined analysis.
Short
by mosa_moshka
GBPUSD: Sterling speculators are more focused on inflation than Traders in the pound market are betting on continued inflation due to a slowdown in retail sales as the Bank of England nears its next interest rate decision. The pound has recently strengthened against the euro for four consecutive weeks, and has strengthened against all G10 currencies this year except for the stronger US dollar. Investors have increased their bullish bets on the pound for the third consecutive week. This is reflected in an increase in net long positions in the pound, suggesting that the pound is likely to appreciate against the dollar. Net long positions increased by nearly $800 million, or 48%, to $2.24 billion, the biggest selloff in four months. This is in contrast to about $2.166 billion in short positions held by speculators just two months ago. The latest economic data paints a mixed picture. Wage growth slowed, inflation rose to a surprising 4.0% in December from 3.9% the previous month, and retail sales fell sharply. These factors are contributing to expectations that the BoE may be slower to cut interest rates than the Fed or the European Central Bank (ECB). Market expectations suggest there is a roughly 50% chance that the Bank of England will cut interest rates by 25 basis points in May, with a full rate cut expected in August. By contrast, traders expect the ECB to start cutting rates as early as April, and there is almost a 50% chance that the U.S. will cut rates in March. Lee Hardman, senior currency analyst at MUFG, said the BoE needed evidence that inflation risks were easing to give it confidence to start cutting interest rates to support UK growth. Weak retail sales have slightly reduced the attractiveness of the pound, but it remains the second-best performing G10 currency at the start of the year. Compared to other currencies, the pound has appreciated 4.7% against the Japanese yen and 3% against the Australian dollar so far this year. It also rose 2.8% against the Swiss franc, and Nomura analysts expect it to rise another 3%.
Short
by Chart_MasterPro
Potential GBP/USD Decline towards 1.26825 The GBP/USD currency pair is currently situated within an order block, signaling a potential inclination towards a downward trend. The pair has exhibited weakening tendencies, particularly with the market adopting a cautious "wait and see" approach ahead of monetary decisions expected in late January and early February 2024. This apprehensive sentiment has resulted in a sideways market movement. As the UK and New York markets open, there is an anticipation of increased selling pressure, with a focus on a likely decline towards the significant support level of 1.26825. Traders are advised to exercise caution, considering both technical and fundamental factors, while strategically managing risk in this market scenario. Fundamental Factors: The market is in a "wait and see" mode ahead of monetary decisions scheduled for late January and early February 2024. Investors tend to be cautious, choosing to stay on the safe side, resulting in sideways market movements. Order Block: Strong Order Block is identified around the 1.27209 level, and given the current market conditions, it is highly likely that the price will attempt to 1.26825 level. Trading Plan Profit Target: Take profits around the 1.26825 level or based on potential price movements. Monitor Fundamental News: Keep an eye on monetary policy announcements that may impact market movements.
Short
by fardycurry
GBPUSD Shorts from 1.27400 down towards 1.26200This week's analysis for GBPUSD is promising. I'm currently anticipating a slight upward movement to reach the nearby Asian high and mitigate the supply zone at a deeper level. Alternatively, if this doesn't happen, I'm prepared for a potential reaction from the 4-hour supply zone above. This particular supply level has triggered a change of character (CHOCH) to the downside and aligns with the 0.78 Fibonacci range. Since the price is in proximity, I'll be patiently waiting for a redistribution within the zone. Subsequently, my plan involves executing sell orders to guide the price down, targeting the trendline and addressing the 3-hour demand zone situated beneath it. Confluences for GBPUSD sells are as follows: - Overall trend of the market is bearish on the higher time frame - Price has caused a new CHOCH to the downside. - New supply zone has emerged that caused this move which aligns with 0.78 fib range. - Trendline liquidity below to target as well as a 3hr demand zone that needs mitigating. - Bullish momentum is slowly dying down and I can see price reversing soon. P.S. While this is my current perspective, I acknowledge the possibility of a temporary bullish scenario due to substantial liquidity to the upside. Therefore, I wouldn't be surprised if the price surpasses my identified supply level and reaches the extreme one ontop at the 10hr LET'S HAVE A GREAT WEEK AHEAD TRADERS AND LET'S CATCH THESE PIPS!
Short
by Hassan_fx
1
GBPUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
Sell GBPUSD Bearish Channel GBP/USD has formed a bearish channel pattern on the H1 timeframe, indicating a potential for further downside. Pattern: The price has been making lower highs and lower lows within the channel, creating a downward sloping trend. Sell Entry: A break below the channel support at 1.2665 could be an opportunity to enter a short trade. Targets: Potential bearish targets lie at the support levels of 1.2558 and 1.2498. Stop Loss: A stop loss could be placed above the channel resistance at 1.2703. Factors Underpinning the Downward Pressure: Risk-Off Sentiment: Global markets are facing uncertainties, driving investors to seek refuge in safe-haven currencies like the US dollar. This has put downward pressure on the relatively riskier pound sterling. BoE Policy Divergence: The Bank of England is expected to raise interest rates at a slower pace than the US Federal Reserve, potentially widening the interest rate differential between the two economies. This could further weaken the pound against the dollar. Trading Considerations: Confirm Breakdown: Wait for a clear break below the lower boundary of the channel to validate the bearish momentum and potentially trigger sell trades. Manage Risk: Implement stop-loss orders above the resistance level to limit potential losses if the price unexpectedly reverses course. Monitor Fundamentals: Stay informed about economic data releases and central bank communications from both the UK and the US, as they can significantly influence the GBP/USD pair's trajectory.
Short
by KABHI_TA_TRADING
7
GBPUSD: The dollar hit a one-month high amid interest rate cut sThe US dollar rose to a one-month high on Wednesday on shifting market expectations for interest rate cuts and weak economic data from China. The dollar index, which measures the dollar's value against a basket of currencies, rose to 103.58, its highest since December 13th. This increase follows Tuesday's 0.67% rise. The dollar's rise was fueled in part by comments from U.S. Federal Reserve official Christopher Waller. He noted that the U.S. is close to the Fed's 2% inflation target, but advised against cutting rates early until he is confident that the decline in inflation is sustainable. Following Waller's comments, the probability of a rate cut in March, as measured by CME's FedWatch tool, fell from 75% to about 60%. At the same time, yields on U.S. government bonds rose. In contrast to other currencies, the pound rose 0.1% against the dollar to $1.2646, supported by rising UK inflation data. This has fueled expectations that the Bank of England may cut interest rates more slowly than other central banks.
Short
by Chart_MasterPro
GBPUSD Trade IdeaThe GBPUSD daily chart suggests a confirmed downside break of market structure. While a healthy retracement is ongoing, the 50-61.8% Fibonacci retracement zone offers a possible shorting opportunity if price action confirms on a lower timeframe (e.g., 15m / 5m). Targets lie at the current candle low and prior daily lows (refer to snapshot). Please note: This is an informative analysis, not a trade recommendation. Conduct your own due diligence and risk management before taking any trading decisions.
Short
by fxtraderanthony