Bearish Swing for GBPUSD4H chart
Price near resistance and 61.8% retracement
Break of daily uptrend channel
EP: 1.2750
TP: 1.2600
SL: 1.2820
RR: 2.15
Gbpusdshort
GBPUSD sell setup daily tfWe had some consolidation so I expect on daily tf that we can get to retest 1.28 zone and from there we should see nice down trend till last demand zone.
GBPUSD Shorts from 1.28000 down towards demand This pair continues to grab my attention, particularly as it approaches my 10-hour supply zone. I anticipate a redistribution and subsequent sell-off targeting the equal lows. It's important to note that this is a counter-trend trade aimed at capturing a temporary downward movement to a more favourable demand.
Given the substantial liquidity at the newly identified 4-hourly demand zone, my strategy involves patiently waiting for the equal lows to be swept, filling the imbalance, and eventually triggering a reaction off the prominent 11-hour demand zone. However, I will assess price behaviour within the 4-hour zone, considering it as the closest opportunity for potential buys.
Confluences for GBPUSD Sells are as follows:
- Price has swept liquidity to the upside and now price is slowing down
- Bullish pressure is now getting exhausted as you can see from the candlesticks.
- Price has filled in an imbalance just below our 10-hour supply zone.
- There is lots of liquidity to the downside that needs to get taken like equal lows.
- Price is due for a pullback to enter a level of demand if price wants to keep pushing higher.
- Overall on the higher time frame the market is bearish and I do see the dollar rising just a little more.
P.S. As price steadily advances, this serves as additional confirmation that it is likely to react off the nearby supply zone. Consequently, I anticipate a Wyckoff distribution to unfold.
Have a great week ahead traders!
GBP USD TRADE SET UP GBP USD has formed a symmetrical triangle.
To get an entry we must wait for a break out of the pattern and a retest of the previous low that was created.
Your thoughts on GBP USD ?
GBPUSD ready for bearish move?as it is clear from the chart there is a BSL hunt before 2024 and then a bearish FVG os formed. The price has reached to FVG 2 times and there is lots of equal lows below the current market price. So i anticipate a bearish move to this targets.
GBPUSD SELL FOR RETRACE !!!!HELLO TRADERS
As i can see GBPUSD is showing us rejection from the sell zone level and DXY is holding on 15 min support zone so we are planing for these given tp
this just an trade idea share ur thoughts with us it will help alote trader community
Stay tuned for more updates
GBPUSD I Detailed Trading Plan & How to ExecuteWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBPUSD END-WEEK ANALYSIS 2 UPDATE 08/10/2023📈🌟 GBP/USD Market Analysis: A Potential Shift in Sentiment
GBP/USD has exhibited a bearish trend in recent times. However, an interesting development to note is the shift in the US Dollar Index (DXY). The DXY broke its previous structure to the downside and re-entered a range dating back to August 30, 2023. This change could impact GBP/USD sentiment. Be on the lookout for potential retracement or trend reversal opportunities in the coming sessions. Stay adaptable and prioritize risk management. 📉📊 #GBPUSD #Forex #TradingView #MarketAnalysis
Same for AUDUSD and NZDUSD
GBPUSD M30 / RETRACEMENT CONFIRMED / LONG TRADE ACTIVATED✅Hello Traders!
As you can see, we have a confirmation of the retracement from the level marked in the previous analysis. Congrats to those who executed the trade!
Wish you a nice weekend!
Follow, like, and comment to see my next ideas:
www.tradingview.com
💡 GBPUSD: Forecast January 11GBPUSD increased slightly in the previous session and is cautiously heading towards the peak of 1.28. Although the buyers have not yet shown dominance again, the prolonged accumulation price range in a main uptrend is a good sign for bullish bets. Brothers continue to hold existing long positions, targeting around 1.30 and SL below 1.26.
GBPUSD | Perspective for the new week | Follow-upThe Pound Sterling (GBP) has surged against the US Dollar even in the face of all components of the United States Nonfarm Payrolls data for December surpassing expectations, indicating improved market risk appetite. However, the GBP's strong position may not last as investors anticipate tough decisions for Bank of England (BoE) policymakers, who are facing recession risks and high inflation.
The UK economy is at risk of entering a technical recession, with a contraction in the third quarter and a projected stagnant performance in the final quarter. The manufacturing sector is also struggling due to high interest rates. As a result, the outlook for the GBP/USD pair has dimmed, as US employment indicators may influence the Federal Reserve's (Fed) interest rate guidance.
In this video, we'll delve into the strategic positioning we're considering to navigate the uncertainties and potential shifts in the GBP/USD pair. Join the discussion as we analyze the factors shaping the currency pair's trajectory in the near term.
GBPUSD Technical Analysis:
Will the pound continue its trajectory and sustain its momentum above the $1.27200 zone? The stakes are high, and we're on the edge of our seats!
The spotlight is on high-impact economic events from the US docket for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities.
In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure.
We are keeping a close eye on the potential range between $1.26150 and $1.28200 where a breakdown or breakdown could incite the next BIG move. It's a decisive structure where both sellers and buyers will be vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days.
Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading!
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Short GBPUSD on Strong USD SentimentThe Federal Reserve's unwavering commitment to a restrictive monetary policy aimed at restoring economic balance and curbing inflation, recent market sentiment strongly favors the US dollar. Against this backdrop, the GBPUSD pair finds itself in a precarious position, hovering around the pivotal point of 1.27815. The heightened expectations of the Fed continuing its policy firming, coupled with concerns over inflation, suggest a potential downside for GBPUSD. Technical analysis aligns with this sentiment, indicating a possible bearish trajectory towards the target level of 1.26181. As we delve into the intricacies of this forecast, it becomes evident that the dynamics of strong USD sentiment and the Federal Reserve's steadfast approach set the stage for a compelling trading opportunity.
Technical Analysis:
Current GBPUSD level: 1.27815 (around pivot point)
Technical bias: Bearish 🐻
Target level: 1.26181
Reasoning:
Strong USD Sentiment: The recent statements from the Federal Reserve suggest a commitment to a restrictive monetary policy stance to achieve their inflation target. This has led to a boost in market sentiment favoring the USD, as evidenced by recent economic data indicating inflationary pressures.
Fed's Policy Actions: The Federal Reserve has implemented a restrictive policy over the past two years to achieve balance between demand and supply and restore price stability. The commitment to maintaining this stance until inflation reaches the 2 percent target suggests a continued strong sentiment for the USD.
Inflation Concerns: The recent inflation data, with the consumer price index increasing by 3.4% in the year through December, highlights concerns about inflationary pressures. This could lead to a stronger push from the Fed to maintain a restrictive policy, adding to the bullish sentiment for the USD.
Technical Levels: GBPUSD is currently around the pivot point area (1.27815), indicating a potential turning point. A break below this level could signal further downside movement. The target level of 1.26181 aligns with the bearish sentiment and provides a reasonable downside objective.
Risk Management:
Stop-loss can be set above Pivot Point or a key resistance level to manage potential losses.
Monitor economic releases and Fed statements for any changes in sentiment that could impact the trade.
Disclaimer:
The outlined trading idea is not a guarantee of future results, and past performance is not indicative of future performance. Always use risk management strategies such as setting stop-loss orders to mitigate potential losses. It is essential to stay updated on economic releases, central bank statements, and any other relevant news that might impact currency movements.
Happy Trading! 📉🐻
GBP/USD: Forecasting the Week Ahead GBP/USD: Forecasting the Week Ahead
Following the latest US Consumer Price Index (CPI) data, keeping a close watch on upcoming public addresses from Federal Reserve officials is crucial for insights into the direction of the US dollar.
Given recent developments, traders shouldn't be surprised if central bank communication takes a more hawkish stance, signaling reluctance to cut interest rates despite Wall Street's anticipation of approximately 135 basis points of easing this year. Such a scenario could be favorable for yields and the US dollar.
Richmond Fed President Thomas Barkin, addressing the inflation data shortly after its release, emphasized that December's inflation figures didn't provide clarity for Federal Reserve officials considering potential rate cuts this year.
Next on the agenda is Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, scheduled to speak on Friday morning.
Looking ahead to next week, the GBP/USD pair may attract attention with UK inflation data on Wednesday. Despite weakening on Thursday, the GBP/USD held above channel support at around 1.2675. A failure to defend this technical support level might lead to a probe towards 1.2600, with further declines potentially exposing the 200-day simple moving average. If the cable strengthens and breaks above resistance at 1.2760, favorable conditions could set the stage for an ascent toward December's highs above the 1.2826 level. Achieving this target might pave the way for a rally toward 1.3000.
GBPUSD M15 / LOOKING FOR LONG POSITION ENTRY 📈Hello Traders!
This is my idea related to GBPUSD M15. We can see an ascendant trend on H1 and at this moment I will look only for long entries. It is very possible to see a retracement from the price of 1.27200 where we have OB and at the same level, FVG will be closed.
If confirmed, I will execute this trade, taking into consideration the weakness of DXY.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
GBPUSD Trading planMy trading plan for GBPUSD is pretty simalar than EURUSD, trendline is clear. It was retested and i think it will not hold again. My first target is the 1.2575 area, where the cable can range for a while, waiting to resume the drop. Invalidation will be above local top
GBPUSD SELL ANALYSISHere the market has moved very upward from pyschological level of 1.27000 now held over to psychological level of 1.2800 but now made a drop so we wait for retest so we can enter sell.
💡 GBPUSD: Forecast January 10GBPUSD also continues to accumulate in the range area, unable to establish a new high and confirm the continuation of the uptrend, however, the bullish structure is still guaranteed so the overall outlook is still bullish, You can continue to hold your existing long positions and place your stop loss below 1.26, we will only abandon this strategy when this important resistance zone is broken.
💡 GBPUSD: Pressure from sellersGBPUSD continued to recover in the past session after buyers successfully defended the support level of 1.26. Although it is still not possible to break the resistance at 1.28 and create a new peak to confirm the continuation of the uptrend. However, recent price behavior shows that buyers are gradually regaining control of the situation, expecting prices to continue to rise. It is possible to continue holding existing long positions, the SL is still set below 1.26 while the target remains 1.30.
Hourly chart update for GBP/USD, pullback to 1.2690 possibleHello traders and the entire Tradingview Community! I am presenting a
hourly chart analysis for GBP/USD.
As you can see from the chart, price is struggling to break the 1.2760 supply
level. So, if this continues, there might be a small pullback in GBP/USD.
The price may fall another 30-40 pips towards 1.2690. However, I have no
open sell positions in GBP/USD as my plan is to buy the dips . I will update
this idea when I have an entry.
GBPUSD SELL NOW GBP/USD struggles to make a decisive move in either direction and fluctuates at around 1.2700 on Monday. The sour market mood helps the US Dollar (USD) find demand and makes it difficult for the pair to gain traction.
GBPUSD SELL NOW. 1.27052
CONFIRM TARGET 1.26219
GBPUSD PSYCHOLOGICSL LEVEL ANLAYSISHere the market nearly touched the psychological level and you can take your profit or wait.
💡 GBPUSD: Continuing upward momentumThe buyers have successfully defended the resistance level of 1.2600 and are coming back strongly. It can be seen that although they could not create a higher peak before, the failure of the sellers to create a lower low shows that the buyers are still market control. Those who still have a long position can continue to hold the order, the target is still around 1.3000 and the SL is still set below 1.2600.
