GBPUSD - Continuation BullishSimple liquidity sweep into 15 minute POI/OB for bullish continuation.
Entry 1.2435
SL 1.2415
TP 1.2500
Gbpusdsetup
GBPUSD I Approaching strong weekly reversal zone and 4 hr supplyWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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GBPUSD Local Resistance Ahead!GBP-USD is going up now
From the lows but a
Local horizontal resistance
Is ahead at 1.2300 level
From where I will be
Expecting a local bearish
Correction once the pair
Retested the level !
GBPUSD: Pound recovers ahead of important economic dataAs UK economic growth flattens rather than declines as predicted, the GBP is strengthened.
For additional hints, investors are awaiting data on jobs and inflation.
The third quarter saw a sharp reduction in investment by local businesses as a result of uncertain demand.
The economy of the nation is doing better than expected, which helps the GBP. Despite a pretty bleak economic prognosis, the GBP/USD exchange rate is making an effort to rebound as businesses' investments in production expansion have drastically decreased as a result of weak domestic and international demand.
BoE policymakers Katherine Mann and Huw Pill express concern about the long-term consequences of high interest rates in the fight against inflation, indicating that they will probably support an early rate decrease.
Data on the labour market in the UK will reveal investor positions. Furthermore, hiring trends and wage growth also
GBPUSD R:R 1:3This is for short term
Marked Possible Buy zone
Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
USD exchange rate today November 13: Slightly decreased in the Investors currently believe there is a 91% likelihood the Fed will maintain current interest rates.
The USD Index closed at 105,660 on the global market at 6:32 a.m. Vietnam time on November 13, down 0.02%.
The US Federal Reserve (Fed) keeps its "hawkish" approach, there are no new developments in Middle East tensions, and the USD keeps becoming stronger.
Fed Chairman Jerome Powell's remarks at the International Monetary Fund (IMF) Conference on Thursday helped the market realize that the Fed is still committed to tightening monetary policy for an extended period of time.
Despite the fact that inflation has decreased from its 40-year peak last year, Mr. Powell cautioned that the Fed still has work to do. Additionally, he stated that the Fed is not "confident" that it has sufficiently controlled inflation to reverse the
GBPUSD 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 Technical Analysis And Trade IdeaConducting a thorough analysis of GBPUSD charts reveals a retracement from its recent peak, notably observed on the 1D timeframe, signaling a significant pullback. The key question is whether this retracement will intensify or if there's potential for a rotation at the current level, aiming for liquidity beyond prior highs. Our video explores various time frames, ultimately pinpointing a potential trading opportunity based on market structure, price dynamics, trend analysis, and other crucial elements of technical evaluation.
It's essential to underscore that the insights shared here are intended solely for educational purposes and should not be construed as financial advice. Participation in the foreign exchange market and cryptocurrency trading inherently involves a substantial level of risk. Therefore, it is imperative to strategically incorporate robust risk management strategies into your trading plan to adeptly navigate the challenges associated with these markets.
GBPUSD I Forecast ahead of CPI newsWelcome back! Let me know your thoughts in the comments!
** GBPUDS Analysis - Listen to video!
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GBPUSD WEEKLY MAPPINGGBPUSD Mapping
Each zone acts as support (we buy upon confirmation) if the market is above the zone & each zone acts as a resistance (we sell upon confirmation) if the market is below zone.
GBPUSD Long towards 1.22800 (possibly higher)For today's GU breakdown I will be looking for buys from current price as it has tapped in a nice 6hr demand zone that has caused a BOS to the upside. As we have seen from last week's GU analysis we did anticipate scenario (A) to play out and it did so perfectly. Now, we are looking for buys back up as it has filled in the major imbalances left from before.
On Monday I will be looking for a clean entry where I can continue this trend that GU has set to the upside, possibly causing another rally to the upside and a new BOS. In addition to this, the zone also lies between the 0.78 fib range which is a good confluence that price will respect this AOI. As this is an uptrend I can also expect price to push past the 11hr supply (where the take profit target is) and mitigate the extreme supply above it.
Confluences for GBPUSD Longs are as follows:
- 6hr demand zone lies between the 0.78 range on the fib tool.
- Demand zone has also broken structure to the upside following short term bullish trend.
- Price has completed a wyckoff accumulation schematic and CHOCH'd to the upside.
- Lots of liquidity lying above i.e. asian highs and imbalances that need to be filled.
- Dollar index also looking bearish as well good confluence for GU to then push upwards.
- A lot of rejection candles inside zone as well as a consolidation (good sign that price is going to respect that POI.)
P.S. I am still temporarily bullish, but my overall bias is bearish (looking at the monthly/weekly time frames.) Price has also slowed down and sells are getting exhausted hence the consolidation In our POI. I would be looking to see how this plays out on Monday before CPI, then re assess my next potential trading setups for the rest of the week.
GBPUSD SellSimilar to yesterday, the entire market has been in a downtrend, and we have observed the formation of two minor resistance zones. We can also identify a minor downward breakout. I anticipate that the price will continue to move in this direction. What are your thoughts on whether the USD has the strength to sustain this trend?
GBPUSD: Mixed US stock index futures, FTSE 100 static ahead of in Thursday, November 9, 2023, the FTSE 100 was flat and US stock index futures were mixed in the financial markets. The UK's third quarter GDP data is about to be released, and this will likely have an impact on the Bank of England's (BoE) December monetary policy. Swati Dhingra is thinking about lowering interest rates in the event that growth statistics fall short.
The third quarter of UK economic growth was hindered by a number of issues, including declining consumer spending, weak PMIs for services, a lagging market for housing, and declining employment. Despite declining US Treasury yields, this circumstance has caused the GBP/USD pair to stabilize near 1.2300 following three days of negative closing.
The same day, prospective USD influencers came into focus for the market. Among them is the US Department
SELL Opportunity on GBP/USD Using Price Action and ALMA KeyLevels Show That the market is going down.
1:5RR, 1:15RR Break Ever after 1:3RR
2trades 0.5% risk/trade
SELL Opportunity on GBP/USDAccording to my technicale analysis of The BGP/USD, we can see that the GBPUSD market is in a trading range, and it's approaching a very important zone.
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GBPUSD possible buy area!GBPUSD experienced a continuous downtrend in its latest session, but the descent was tempered by a rebound towards the session's close. An interesting observation is the appearance of a bullish pin bar pattern on the daily chart, signaling a reduction in selling pressure. This implies a possible end to the correction phase and an increased probability of the price returning to its upward trajectory, in line with reversal signals seen in the previous session.
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.
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GBPUSD Buy zone!From the analysis on the H4 chart, it's evident that the price has recently rebounded from 1.2326, marking it as a retracement support level. Our target is set at 1.2361, which is identified as a retracement resistance level. We've also established Support at 1.2267, a level characterized as a retracement support.
GBPUSDDear Traders hope all of you had a great weekend, now we have an excellent opportunity to sell GBPUSD. GBPUSD price have dropped significantly now we may see a short term bullish price movement. Once price reach our entry zone area, we can then sell GBPUSD.
GBPUSD Explosion ?The GBPUSD pair has recently exhibited a breakout above a long-standing resistance level. Breakouts above significant resistance points often indicate a potential shift in the trend or momentum.
After a prolonged period of being suppressed under this resistance, the breakout signifies a substantial change in market sentiment. Traders often interpret this as a bullish signal, suggesting that the pair could continue to climb
GBPUSD short term Shorts to 1.22000GBPUSD has a similar bias to EU so im also currently looking for a sell setup to form to take price down towards an area of demand. This counter trend trade will allow us to catch a move before we end up buying alongside the bullish order flow at around the 1.22000 mark.
Scenario (A) - Price is currently reacting off our 6hr supply zone that we have marked out, this is were im expecting for price to fully complete a wyckoff distribution schematic and change character. As there has been an impulsive move to the upside it has left imbalances that im expecting to get filled. This will be a retracement as price has already expanded to the upside.
Scenario (B) - Is that price will continue to push higher and fail this zone to then mitigate the imbalance that is sitting just below the 9hr supply. From there, my next AOI will be at that level of supply to sell at a more premium price.
My confluences for GBPUSD shorts are as follows:
- Overall trend on the HTF (weekly/monthly) is bearish.
- Price tapped in to a 6hr supply zone and there is a daily supply just above.
- Momentum is slowing down expecting price to distribute and choch to the downside.
- Imbalances were left below due to NFP news so im expecting it to get filled via a pullback.
- For price to continue in its recent bullish trend im expecting price to come back to those demand levels below at 1.22000.
P.S. Either way the purporse behind these short term sells is to ride price back down towards areas of demand like the 6hr or the 1hr and then buy from there. This bias is also backed by the dollar index as you can see in that analysis post.
GBPUSD I Potential short from resistance 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.
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.
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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
