GBPUSD longAll timeframes are pointing towards GBPUSD going up.
3 month:
Targets are at 1.3900 after price broke previous support at 1.2050 and retested it.
Monthly:
We can see that orders are not enough to go to 1.3900.
Hence, price has gone to a region it can fill orders at 1.2500
Weekly:
We can see that price formed a 3 pin pattern.
I expect price to go lower before we see upside
Daily:
Last week, price did not reach its target of 1.2820
The sudden downtrend shows that price will collect orders at 1.2567 before going up
4 hour:
Just like the daily, we see that price has major liquidity at 1.2567, where we will look to go long
Gbpusdlongsetup
GBP/USD Positioned for Gains Amid DXY BearishnessTechnical Analysis
Monthly Chart:
On the monthly chart, GBP/USD appears overextended to the downside, showing signs of exhaustion in its bearish momentum. This overextension suggests that a reversal or correction is likely, aligning with broader dollar weakness.
Weekly Chart:
The weekly chart also indicates a slowdown in bearish pressure, with candles forming near key support zones. Buyers seem to be stepping in, reinforcing the potential for a trend shift.
Daily Chart:
The daily timeframe shows a strong bullish reversal pattern, signaling a potential trend change to the upside. This reversal is supported by the weakening DXY, which aligns with GBP/USD's upward momentum. The combination of a technical reversal and a fundamentally weaker dollar positions GBP/USD for further gains in the short to medium term.
Fundamental Analysis
Impact of the U.S. Dollar:
The bearish outlook for the DXY directly supports GBP/USD’s potential for upside:
Liquidity Grab in DXY: The recent liquidity grab above 107.348 on the DXY suggests a move lower for the dollar, which would bolster GBP/USD strength.
Federal Reserve Outlook:
Concerns over further rate cuts due to inflation risks are keeping the dollar volatile.
Seasonal labor market strength in November and December may delay immediate rate cuts, but any signs of weakening unemployment or inflation stabilization could lead to long-term dollar weakness.
Upcoming Catalysts:
Key U.S. data releases such as Nonfarm Payrolls (NFP) and unemployment rates could create significant volatility. If unemployment increases and inflation stabilizes, GBP/USD could see stronger upward moves.
GBP Fundamentals:
UK Economic Resilience: Any positive data from the UK economy, such as improved GDP growth or strong employment figures, could further fuel GBP/USD's upward trend.
Rate Differentials: If the Bank of England maintains or raises interest rates while the Federal Reserve signals potential cuts, GBP/USD could gain additional support.
Summary and Outlook
Technical and Fundamental Alignment:
GBP/USD is well-positioned for a bullish move, supported by:
A technical reversal pattern on the daily chart, signaling strong upward momentum.
A bearish outlook for the DXY, indicating broader dollar weakness.
Key upcoming U.S. data releases that may provide further catalysts for a GBP/USD rally.
Price Expectations:
Short-Term: GBP/USD could continue its bullish push, breaking above immediate resistance levels.
Medium-to-Long-Term: With continued DXY weakness and supportive UK fundamentals, GBP/USD may sustain its upward trajectory toward major resistance zones.
GBP/USD’s technical and fundamental alignment makes this pair a strong candidate for further upside potential in the coming weeks. Traders should watch for confirmation from U.S. economic data to reinforce this analysis.
GBPUSD: Three Major Targets+DXY Dropping hard! CAPITALCOM:GBPUSD
GU has been dropping ever since we have got the election results. Due to DXY extreme bullish presence in the market. It was safe not to enter any buy positions or even selling was bit tricky in these kind of price action. However, things have changed so far, we can see DXY reversal and we are getting back to normal market conditions. Please Like and comment.
GBPUSD - Look for Continuation Long (SWING) 1:5!GBPUSD is displaying a gradual bullish momentum following a strong upward trend on the HTF. After breaking the HTF key resistance level, it corrected to the nearest Demand Zone. On the LTF, GBPUSD appears to be accumulating before resuming an upward trend toward the Supply Zone, where a reversal market structure may form, supported by the DVX.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBPUSD: Setting Up For A Nice Buy Are Bulls gearing up for the next rally? Waiting to BUY...
Looking for one more push down to retest the bullish OB or previous low at MQP 1.3000.
Buy limit @ 1.30412
SL 1.29811
TP1 1.30612
TP2 1.30912
TP3 1.31412
TP4 1.32412
Remember we want to be less predictive and more reactive. So let's wait for our bullish entry confirmations.
GBPUSD: Setting Up For A Nice Buy Are Bulls gearing up for the next rally? Waiting to BUY...
Looking for one more push down to retest the bullish OB or previous low at MQP 1.3000.
Buy limit @ 1.30412
SL 1.29811
TP1 1.30612
TP2 1.30912
TP3 1.31412
TP4 1.32412
Remember we want to be less predictive and more reactive. So let's wait for our bullish entry confirmations.
GBPUSD - Look for Reversal Long (INTRADAY) 1:4!A similar setup could be forming in GBPUSD, where we might catch a few pips on a buy once the price reaches the Demand Zone. Let's monitor how the market responds to this setup.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBPUSD - Look for Continuation Long (SWING) 1:4!The price has been consolidating for a while and has now broken out of the channel, continuing its bullish movement toward the next supply zone. However, there may be an opportunity to enter along the trend once it makes a correction before continuing its upward journey.
Let’s wait patiently and only execute if we get a solid confirmation.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBP/USD long possibilities from 1.31000 back upMy analysis for GBP/USD (GU) looks promising for both buy and sell opportunities. With the recent shift in market character to the downside and a break of structure, we may see the price entering a downtrend. However, there are key zones lined up that could support either scenario. Currently, the price is approaching a significant demand level at a psychological point, which may influence the market direction.
I'm planning to watch for a slowdown and accumulation in my zone around mid-week, aiming to buy from the 18-hour demand zone. Once the price enters this zone, I'll monitor the lower time frame for a character change to the upside for a precise entry.
Confluences for GU buy opportunities include:
- The higher time frame has been bullish, with a break of structure to the upside.
- A clear 18-hour demand zone has been established, which also caused a break of structure to the upside.
- There's substantial liquidity to the upside, including untouched Asian session highs.
- This aligns with the higher time frame trend, making it a pro-trend trade setup.
P.S. If the price retraces upwards, there is a 5-hour supply zone that previously broke structure to the downside, which could provide a good opportunity to continue the short-term bearish trend.
GBPUSD - Look for Continuation Long (SWING) 1:3.5!GBPUSD is closely related to XAUUSD and the DXY basket of six pairs, providing excellent confluence and confirmation opportunities for trading pairs against USD. Currently, GBPUSD has created a new high and is correcting to the nearest RBS Zone, a demand zone, indicating a potential continuation of the bullish momentum in the higher timeframe. The price doesn't seem likely to yield to sellers soon, especially considering the FED's recent decision to freeze interest rates. This suggests a forecast of continued upward movement supported by strong bearish signals and a few high-impact USD news events this week.
We'll need to observe how the market reacts to these sentiments and news impacts. Regardless, it's crucial to manage your risk wisely and wait for a clear market structure before making any moves.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
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.
GBP/USD Longs from 1.2700 or 1.26700My bias for GU this week is for it to continue its bullish trend, expecting a retracement to an area of demand. I've marked two potential zones of interest: the 3-hour demand and the 10-hour demand just below it. Once the price reaches these levels, I expect it to accumulate and present a clean buying opportunity on the lower time frames.
If the price doesn't form a correction and continues upward, I'll look to take sells from a supply zone near 1.27900 or slightly higher.
Confluences for GU Buys are as follows:
- Demand zone has caused a break of structure to the upside.
- Lots of liquidity to the upside as well as that wick that needs to get filled.
- Price is already been bullish so this is a pro trend trade.
P.S. As of now I will be waiting to see which direction Price would like to go in and prepare myself from there. Have a great trading week guys!
THANKS FOR 1K FOLLOWERS
GBPUSD Trading Plan - 30/May/2024Hello Traders,
Hope you all are doing good!!
I expect GU to go Up from the FS (For3xScalper) Box.
If it starts to give correction here, then we can go further down to 1.27 level.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBP/USD - Continuation TradeWe have a completed Up-Trend wave structure in the Cable.
Yesterday we saw a pullback below Structure 4 which is a reset structure.
The price has stalled at the DH3 which was a Buy point for the last rally that took place yesterday.
This is a high-probability setup.
BUY Point 1.2754
STOP Loss: 1.2744
PROFIT Target: 1.2816
GBP/USD Longs from 1.24800 up towards 1.26600My analysis for GBPUSD this week is to uphold the bullish trend we've observed over the past week. With a newly established 1-hour demand zone and a nearby 5-hour demand zone, I anticipate price to decline from the current supply and head towards the demand zone.
This move is expected to occur mid-week as price retraces and forms a Wyckoff accumulation within the demand zones. Presently, I maintain a bullish stance until price reaches the daily supply zone. Upon reaching this zone, I will seek significant selling opportunities as it represents a high-quality zone.
Confluences for GU Buys are as follows:
- Price has been bullish in the recent price action as you can see via the market structure.
- Two demand zones in close proximity has caused a break of structure to the upside.
- lots of liquidity in the form of Asia highs above to target as liquidity.
- Unmitigated daily supply that price needs to go towards.
- Dollar is also dropping so it makes sense with this bias. as they move opposite.
P.S. If price breaks through the current supply, I anticipate it will target the liquidity above and possibly head straight for the supply zone above.
Have a great trading week!
GBPUSD Longs from 1.24000 up towards 1.25500This week, my bias for GBPUSD is to pursue buying opportunities to address significant imbalances above and to target the recent supply zone. Given the proximity of price to my 10-hour demand zone, I anticipate a temporary bullish move toward the supply area. With price currently exhibiting slower movement, I'll wait for an accumulation phase to develop before entering buy positions.
Once in buys, I aim to drive price up toward the 18-hour supply zone, where I'll consider selling positions to capitalize on the pronounced bearish trend. While the trend is strongly bearish at present, I expect a pullback to occur before initiating any actions in line with this strategy.
Confluences for GU Buys are as follows:
- Price left so many imbalances above that need to be filled.
- In order for price to continue the bearish trend price must pullback up
- Approaching a really nice 10hr demand that has caused a BOS to the upside.
- DXY is also near a good supply zone so could expect the dollar to drop a bit this week.
P.S. If price breaks below the 10-hour demand zone, which I anticipate holding, there is a robust daily demand level below that. However, if this scenario does not materialize, I will simply wait for a pullback to consider potential selling opportunities.
Have a great trading week ahead guys!
GBPUSD: Exploring Potential Buy Opportunities (LDN Session)Currently, my focus is on observing the H1 Bullish Order Block, which notably incorporates an embedded m15 Bullish Order Block. This configuration appears robust, particularly due to the presence of inefficiencies such as the Liquidity Void and Fair Value Gap.
Upon market movement, my anticipation is for price to gravitate towards the liquidity provided by the m15 buy stops. Ultimately, my strategic objective is aimed at reaching the m15 Bearish Inducement Order Block, which, notably, entails a liquidity void awaiting fulfillment.
Wishing you a week filled with profitable opportunities,
The_Architect