Bullish Outlook on GBPUSD - 3rd NovemberOn the H4 timeframe, price has broken above upside confirmation level of 1.2280, which could see a throwback to the key support level at 1.2190, which coincides with the 61.8% Fibonacci Retracement. A throwback to this zone could send prices higher towards next key resistance level at 1.2320, which is in line with the 161.8% Fibonacci extension. Price is hovering above the Ichimoku cloud and 20 EMA, supporting bullish bias.
Gbpusdlong
GBPUSD 4H Midday update The GBP/USD pair has been showing sideways trading since the morning, and therefore, there is no change in the expected bullish trend scenario for today, whose next main target is 1.2290.
The moving average of 50 continues to support the suggested bullish wave, which will remain in place unless the 1.2290 level is broken and holds below it.
The general trend expected for today: Bullish
Pivot Price: 1.2229
Resistance prices: 1.2246& 1.2269 & 1.2295
Support prices: 1.2175 & 1.2137 & 1.21117
GBPUSD H4 Structure Is Bullish Into NFP, What Happens After?Since Oct 26, cable has been exhibiting a bullish structure, and with the Non-Farm Payrolls later today, will this structure persist or face a shift?
While a temporary dip in prices may occur, it appears unlikely that the overall bullish trend will be disrupted.
N.B!
- GBPUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gbpusd
#cable
GBPUSD LOSS - Discussing a LOSS & what I could have done BetterHey guys what's up Brandon here..so as promised I am going to give a breakdown as to why I think I lost the GU trade.
This one is entirely my fault as I saw the consolidation where I know liquidity would have been trapped and I chose to ignore it.
I also saw that GU was becoming very exhausted yesterday and I also chose to ignore that as well and now I am paying for that.
I think it is important to note when you know you did shit and don't make excuses for yourself, this is how I've learnt to analyze the way that I do now. I never made an excuse for myself and I am not about to start now.
That being said I welcome your critiques and comments, did you see what I saw? Would you have taken this trade? What would you have done?
Let's try to learn and grow together, Even though I am consistently profitable doesn't mean I've stopped learning and growing.
The more I learn, the more I realize how much I don't know - Albert Einstein
GBPUSD LONG TERM Selling IDEAHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
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GBPUSD Post-FOMC price trends in USDAlong with this, the Bank of England will make a Super Thursday interest rate decision, so the latest forecasts will be updated accordingly. GBP/USD continues in a similar situation to earlier this week, when the price held high and low support after testing the Fibonacci levels last Thursday. This level is 1.2073, which is a higher low than the previous swing low in October.
GBPUSD 4H :Try to breach the resistance areaGBPUSD
New forecast
The British pound pair against the dollar continued to rise to test the pivotal resistance 1.2192 - 1.2216, and we notice that the price begins today to attempt to break the resistance area , which its targets begin by breaking to confirm the opening of the way towards heading towards 1.2270.
therefore the uptrend scenario will be affective and supported by moving average 50 Waiting to encourage the price to break the 1.2216 level and continue the rise , while keeping in mind that stabilized below 1.2156 will push the price to achieve additional losses of up to 1.2125.
The expect range trading for today it will be between the resistance line 1.2216 and support line 1.2156.
Additionally ,Today News will affect the market .
support line : 1.2156 , 1.2125
resistance line : 1.2192 , 1.2216
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD to Possibly Fall of A Cliff (SELL OPPORTUNITY)Hey guys, what's up Brandon here - So I just entered a sell on this pair (GBPUSD) and I briefly Breakdown as to why I took it
If we look at the details - everything aligns with sells nicely as the momentum is bearish on almost all timeframes with only 1 or 2 suggesting buys
Now on the few timeframes that may be suggesting buys we have to take into consideration that that could be an induction to buy because GU is a bearish market - and my question is why oh why?....Would you want to buy in a bear market
I don't think this ever makes sense because in essence what you are really doing is - believe it or not...CALLING A BOTTOM
And why would you call a bottom when the market is dropping?
I'll take my chances with the sell - I'm prepared to lose as that is one of the things that just comes with the territory so it is what it is
Let me know what you guys think
GBPUSD - Still bearish ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are still in a bearish market structure from 4H timeframe perspective, so I am looking for a short position. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 1.22500.
Fundamental analysis: This week we have a lot of important news on USD. Will be released Interest Rate followed by FOMC Meeting on Wednesday and on Friday NFP day. As well, on Thursday we will see the result of Interest Rate on GBP. Pay attention to the results in order to validate the analysis and try not to trade during the release of the news.
Like, comment and subscribe to be in touch with my content!
GBP/USD probable double bottom set-upDear traders, we have the probable formation of a double bottom
pattern in the daily chart. In addition, we also have a bullish reversal
candlestick in the daily timeframe.
A combination of these two factors gives us a reversal bias in GBP/USD.
As per my previous trade idea, I have bought GBPUSD@1.2090 with SL below 1.20
and TP at 1.2350 is on my mind.
Best Place To Can Buy GBP/USD And Get At Least 200 Pips !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.
GBPUSD D1 - LONG SIGNALGBPUSD D1
We had this markup last week, we took a loss on the trending setup, but we bounced 1.5R from that 1.21 handle, which we are now sitting on again.
Same as before, don't fix it unless it's broken, in the case DXY starts to reject that 106.500 (as per the analysis), we could expect 1.21 to hold and get off the ground again.
GBPUSD D1 - Long SignalGBPUSD D1
We had this markup last week, we took a loss on the trending setup, but we bounced 1.5R from that 1.21 handle, which we are now sitting on again.
Same as before, don't fix it unless it's broken, in the case DXY starts to reject that 106.500 (as per the analysis), we could expect 1.21 to hold and get off the ground again.
GBP/USD probable double bottom set-up in the daily chartDear traders, we have the probable formation of a double bottom
pattern in the daily chart. In addition, we also have a bullish reversal
candlestick in the daily timeframe.
A combination of these two factors gives us a reversal bias in GBP/USD.
A potential long entry in GBPUSD@1.2080-1.2110 with SL below 1.20
and TP at 1.2350 is on my mind.
GBPUSD | Perspective for the new week | Follow-upDespite a setback in UK Retail Sales last Friday, where September's retailers' receipts fell by -0.9% against the expected -0.1%, the Pound Sterling is finding its footing amidst a weakening US Dollar (USD). As it finds demand around the $1.21000 area; the GBPUSD pair is capitalizing on the current market conditions, aiming to secure gains in the face of global uncertainties.
Looking ahead, market enthusiasts are eyeing Tuesday's UK Labor and Purchasing Manager Index (PMI) figures. Forecasts suggest a decline of 198K job additions in August, a slight improvement from July's -207K. Additionally, there is optimism for an uptick in the UK preliminary PMI, with the PMI Composite expected to print at 48.8, compared to the previous 48.5.
Federal Reserve (Fed) Chairman Jerome Powell's recent comments regarding significant tightening in financial conditions, particularly with higher bond yields, might influence policy decisions, potentially weakening the US Dollar. However, it's essential to acknowledge the ongoing Israel-Hamas conflict, which could prompt investors to seek refuge in safe-haven assets, possibly bolstering the USD against its counterparts.
As we step into the new week, we approach the market with flexibility, keeping our strategies adaptable to changing scenarios.
GBPUSD Technical Analysis:
Will the pound find solid support at the $1.2000/$1.18000 zone, or are we heading towards a potential breakdown and a possible sell-off? The stakes are high, and we're on the edge of our seats!
The spotlight is on high-impact economic events from both the US dockets 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.
Keep a close eye on that critical confluence at $1.21800. It's a decisive moment where both sellers and buyers are 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:
Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy.
It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it.
Please note that past performance is not necessarily indicative of future results
GBPUSD 4H completes a negative combinationHello traders,The pound sterling pair against the dollar shows more bearish tendency to exceed the 1.2100 barrier, reinforcing expectations of a continuation of the downward trend during the coming period, and the way is open to achieving our expected negative target at 1.2049 , noting that breaking it will extend the bearish wave to reach the 1.2000 areas in the near term.
The moving average 50 constitutes negative pressure that supports the continuation of the proposed bearish wave, which will remain in place provided it remains below 1.2110, as breaching this level represents a positive factor that will lead the price to recover again and head towards 1.2139 and then 1.2171 as major positive stations.
Pivot Price: 1.2100
Resistance prices: 1.2139 & 1.2171 & 1.2221
Support prices: 1.2049 & 1.2000 & 1.1949
The general trend expected for today: bearish
Sell Under
tp:1.2049
GBP/USD Buy Idea 24/10/23Trade Details
Buy Limit
Entry: 1.21505
Take Profit 1: 1.22117
Take Profit 2: 1.22882
Take Profit 3: 1.23374
Stop Loss: 1.21318
Key Notes
Order flow: Bullish
Trend: Bullish
Structure: Broken
Entry at Golden Zone
Disclaimer:
This is just a sample template and should not be used as financial advice. Always do your own research before making any trading decisions.