GBPUSD I Price in correction and headed for support buy zoneWelcome 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.
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Gbpusdlong
GBPUSD:300+ Pips A Great Buying Opportunity!Dear Traders,
GBPUSD has recently completed its corrective phase and is currently poised to establish a new yearly high. The overall bullish trend remains intact, and we anticipate further price appreciation in the coming days. However, it is important to note that several significant news events are scheduled for this week and next, which could introduce volatility into the market. Therefore, we recommend employing prudent risk management strategies when trading this pair.
Good luck and trade safe!
7 Dimension Buy Setup For GBPUSD Core Analysis Method: Smart Money Concepts
😇7 Dimension Analysis
Time Frame: 15 minutes
1: Swing Structure: Current structure shows a Bearish Side CHOCH, but in a broader view, this is just a liquidity sweep character. After tapping the liquidity area, the price gives a strong MSS and inducement. After that, the price also takes this minor structure POI and now starts an upward move again. At the same area, the price also sweeps the previous day's low liquidity.
🟢 Structure Behavior: Bullish
🟢 Swing Impulsive Move: Just started
🟢 Internal Structure: Bullish
🟢 Liquidity area sweep acts as POI in a powerful discounted zone
2: Pattern
🟢 CHART PATTERNS: No considerable pattern found here
🟢 CANDLE PATTERNS: After a Record Session count, the price makes a correction within the candle pattern. During correction at the same level, the price also makes a shooting star, ending the correction sign of the candle. Within the shooting star, an inside bar or narrow range is created, most probably it will break to the upside.
3: Volume
🟢 During the correction phase of the 15-minute structure, very low volume is observed in this corrective move. But now, when it touches the POI, a significant increase in volume bars is seen, indicating some big activity at this point.
4: Momentum RSI
🟢 In bearish to sideways zone, need to wait for confirmation of the range shift. At the same level, it also has an 80% confirm signal called RSI loud moves in the bullish side and 7* signal Grandfather father son entries (Andrew Cardwell RSI Concepts).
5: Volatility Bollinger Bands
🟢 At this point, expansion might be ending; now the price might take some rest before starting its move.
🟢 A bullish head fake also at the POI makes this area more attractive for buying.
6: Strength: GBP is stronger than USD in this time frame.
7: Sentiment: All sentiment indicates a strong buy.
✔️ Entry Time Frame: 15 minutes
✅ Entry TF Structure: Bullish
✔ Entry Time POI: FVG OB LIQ Everything confirm and mitigated
☑️ Trend line breakout: Confirm
💡 Decision: BUY
🚀 Entry: 1st 1.2962, 2nd 1.2941
✋ Stop loss: 1st 1.2923
🎯 Take profit: 1.3060
😊 Risk to reward Ratio: 6.5 RR
🕛 Expected Duration:
GBPUSD to form a higher low?GBPUSD - 24h expiry
The medium term bias remains bullish.
The sequence for trading is higher highs and lows.
A lower correction is expected.
Preferred trade is to buy on dips.
Bespoke support is located at 1.2950.
We look to Buy at 1.2950 (stop at 1.2910)
Our profit targets will be 1.3050 and 1.3070
Resistance: 1.3010 / 1.3040 / 1.3070
Support: 1.2950 / 1.2920 / 1.2890
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GBPUSD - Look for a long !!Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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GBP/USD Full Analysis , Best Buy & Sell Areas Very Clear Now !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.
GBP/USD Longs from 1.29400 back up This pro-trend idea aligns with the current bullish momentum, as we see price break structure once again. The recent impulsive move broke the previous supply, creating a new demand zone. I will now await a pullback to this demand zone, specifically a promising 3-hour demand.
However, I won't be surprised if price continues to climb, reaching a supply area and then dropping to a deeper demand level. This could occur as price fills the imbalances left from the impulsive move.
Confluences for GU Buys:
Price has been very bullish, breaking structure to the upside.
The current trend is bullish, matching the dropping DXY.
There is significant liquidity to the upside, with strong bullish candles on the higher time frame.
Demand zones have been created near the current price, indicating potential for another rally.
P.S. I won't be surprised if price opens with volatility. A major incident involving Donald Trump in the USA could cause price gaps. Therefore, I will patiently wait for the market to settle before making any moves.
GBPUSD Weekly Analysis and OutlookGBPUSD Weekly Analysis and Outlook
Next week, the GBPUSD pair is poised to challenge a key resistance level, showing potential for a significant bullish move. Traders should prepare for the possibility of the pair creating a new high as it attempts to break above this critical level.
Current Market Overview:
The GBPUSD has been building momentum for the next upward movement leg, with increasing buying pressure observed near the resistance zone. The pair's recent price action indicates a continuation of a bullish sentiment, supported by favorable market conditions. As it approaches this crucial resistance, traders are closely monitoring for signs of a breakout.
Expectations and Potential Scenarios:
As the GBPUSD approaches the key resistance level, several scenarios could unfold, which traders should prepare for:
Primary Expectation:
Bullish Breakout: If the GBPUSD successfully breaks above the resistance level, it is likely to trigger a strong upward movement, potentially creating a new high. This breakout could lead to higher price levels, offering traders opportunities to capitalize on the bullish trend. In this scenario, the pair might target subsequent resistance levels, reinforcing the positive outlook.
Alternative Scenario:
Resistance Rejection: However, if the GBPUSD encounters strong resistance and fails to break through, a temporary pullback might occur. This would allow traders to reassess and look for entry points at lower levels before the upward trend potentially resumes. Monitoring the price action closely at this resistance zone will be crucial to anticipate this scenario.
Conclusion:
In summary, the GBPUSD pair is at a pivotal point, with the potential for a significant breakout and the creation of a new high. Traders should watch for a decisive move above the resistance level, which could signal continued gains and a shift to a bullish trend. Keeping an eye on both bullish breakout and corrective pullback scenarios will be essential for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
Invest Wisely!
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD Weekly PlanI was waiting to see how GBPUSD was moving in the previous days before posting this setup. I expect a major correction on the cable, but probably we are going a bit higher now. My personal plan (don't follow me, it's risky) is to long now with a tight stop at 1.2795, target the local highs at 1.284 and wait for a reversal setup. Powell speech today, and this could give us a fake pump. I expect a retracement till the 1.2700 area, that is a strong daily supply zone and here i will open a strong buy position
GBPUSD Buy Alert: 400 Pip Opportunity in a Quiet Market 🚀 GBPUSD Buy Alert: 400 Pip Opportunity in a Quiet Market – Act Now! 🚀
In this timely video, we're stepping into a buy position on GBPUSD during a quiet market. With some news expected for GBP in about 6 hours, we're seeing a shift in sentiment where almost no one is in a buy. This is GREAT news for us if we're looking to catch a potential 400 pip move.
We'll cover:
Analysis of the current quiet market conditions
Insight into the upcoming GBP news and its potential impact
The extreme bias indicating we could be at the bottom of a 400 pip leg up
My strategy for entering now and holding for a swing trade
Join me as I break down this exciting trade setup and show you how to capitalize on this unique opportunity. Don't forget to like, comment, and subscribe for more real-time trading insights. Let's capture those pips together! 🚀💹 And remember to hit the Boost Button on this video to support our Trading View community!
Disclaimer: Forex trading involves significant risk and is not suitable for every investor. Carefully consider your financial situation and risk tolerance before entering any trade. Always perform your own research and seek advice from a licensed financial advisor if needed.
GBPUSD : Sell and Long opportunities for upcoming week !!!Hello traders, hope you doing great.
for upcoming week, we'll have two option based on specified levels.
The first one is waiting for blue zone and take long, and the second one is waiting for red zone and wait for confirmation of sell.
so we have to wait and see what will happen.
and finally tell me what do you think? leave your comment below .
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Thanks.
GBP FACES CHALLENGES IN THE 3RD QUARTERGBP FACES CHALLENGES IN THE 3RD QUARTER
Pressure is mounting at the GBP withinside the 1/3 area as hobby price cuts are sooner or later considered, whilst the United Kingdom trendy election reasons a bout of volatility and weak point withinside the GBP, with the Conservative Party in power. recorded the bottom consequences in decades. The Labor Party gained a landslide victory withinside the July four election. With the brand new government`s spending plans nevertheless unclear, buyers might also additionally live farfar from GBP and GBP-denominated assets, till while the monetary state of affairs is extra stable.
UK INFLATION: TARGET ACHIEVED, BUT DIFFICULTIES STILL REMAIN
The UK reached a key monetary milestone in May while inflation information hit the BoE's goal. For the primary time in almost 3 years, UK headline inflation fell to 2%, in step with the BoE's long-time period goal and staining a outstanding turning factor withinside the nation's combat in opposition to growing rate pressures .
Core inflation - which includes meals and energy - additionally fell from 3.9% to 3.5%, whilst offerings inflation fell from 5.9% to 5.7%, proper on target however nevertheless worryingly excessive for the BoE.
GBPUSD | Perspective for the new week | Follow-upIn this video, we examine the recent performance of the GBP/USD, which closed Friday at a fresh five-week low, marking its third consecutive week of decline. The Bank of England's (BoE) recent interest rate decision did little to bolster confidence in the British pound. Meanwhile, a late-week surge in the US Purchasing Managers Index (PMI) dampened risk appetite, giving the US Dollar a lift heading into the weekend.
On Thursday, the pound and UK bond yields fell after the BoE left interest rates unchanged at 5.25%. Some policymakers noted that their decision not to cut rates was "finely balanced". Additionally, British inflation data revealed a drop to 2% in May, hitting the BoE's target for the first time since 2021. However, concerns remain over underlying price pressures, particularly in the services sector.
With positive US economic data reducing the likelihood of an early rate cut from the Federal Reserve (Fed), market sentiment shifted towards the safe-haven Greenback on Friday.
Looking ahead, UK economic data remains sparse heading into next week, leaving Sterling traders focused on next Friday’s Gross Domestic Product (GDP) release. In the US, economic data releases are also limited to mid-tier reports early next week, with the US GDP update scheduled for next Thursday.
GBPUSD Technical Analysis:
Will the pound maintain selling pressure below $1.26750? Watch this video for key trades this week. 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.
GBPUSD BUY | Idea Trading AnalysisGBPUSD is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️