GBPUSD LONG BIASlooking to go long on GU.
waiting for POI to hit
Overall trend is bullish on HTF.
NOT A SIGNAL
Gbpusdsetup
GBPUSD ANALYSIS LONGHere on gbpusd price has made rebound around psychological level of 1.26000 and now making some rejection that means that going for LONG is expected and targeting profit should be around 1.26500 or more.
GBPUSD SELL PossibleDetailed GBP USD forecast as well as a British Pound US Dollar technical analysis via moving averages, buy/sell signals, and common chart indicators.
GBPUSD
In the 4-hour timeframe, GBP/USD appears to be favoring a short-term selling position following the completion of Elliott Wave's C point and a breakout below the ascending trendline. The price is currently forming an Elliott Wave pattern with waves 1 to 4 complete, featuring a 50% retracement. With the price now moving towards the 5th wave, traders may consider shorting opportunities to capitalize on the anticipated continuation of the downtrend.
GBPUSD Local Long!GBPUSD is trading along
The rising Chanal
And the pair has retested
The line so as we are already
Seeing a bullish rebound
A further local move up
Is to be expected !
💡 GBPUSD: Forecast March 25GBPUSD fell sharply in the last session after creating a bearish engulfing candlestick pattern. Currently, the resistance level of 1.26 is showing signs of being broken, selling pressure is still very strong, continuing to expect the price to go down in the short term, The target is still around 1.25xx. The position to enter a sell order at this time is not good. You should wait for a rebound to the 1.27xx area before considering entering the order.
GBPUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! 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: GBPUSD commentary todayThe USD stabilized after the DXY index ended the week at a record high in more than a month, approaching its 2024 peak.
The dollar has strengthened recently, contrary to expectations that the greenback would weaken as the Fed moves closer to cutting interest rates. Now, expectations of interest rate cuts by other central banks are also helping to support the currency.
Investors will be watching a flurry of inflation data around the world this week, including the Fed's key inflation measure on Friday, which is expected to continue to run hot in February. The core PCE index, which excludes food and energy prices, is forecast to rise 0.3% after its biggest monthly gain in a year.
GBPUSD SELL FROM THIS ZONEHELLO TRADERS
As I can see GBPUSD now tested a strong resistance zone as we can see DXY is now above the Daily Support level and holding the Support after NFP outcome I am expected a retrace till design levels if this week Stronger CPI & US Inflation comes out Friends its just a trade idea share Ur thoughts with us it help many other traders Stay Tuned for more updates
GBPUSD I Daily bias is now short as the bullish trend was brokenWelcome 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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GBPUSD ANALYSIS BUYHere on GBPUSD price has made a rebound around psychological level of 1.26500 ad want to move up so we are expecting to go LONG and targeting profits should be around psychological level of 1.27000
Are you ready to ride this? More than 3,000 pips { 21/03/2024}Educational Analysis says GBPUSD may move in this range for some time according to my technical.
Broker - FXCM
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the market is in an uptrend on 4 hour zoom out time frame, the market tried to put fake Change of Character duping the traders for a while.
But now we can go long from this zone marked out with risk to reward ratio tool.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
💡 GBPUSD: Forecast March 20GBPUSD responded to the support zone around 1.2675, and formed a nice kangaroo tail candle that could be bought. However, currently this candlestick has not been matched, moreover, if we trade in the daily frame, we can only earn more than 2 Rounds of profit from this area.
If you trade multiple time frames, you can go to the lower frame to find a signal to confirm the price direction and then find trading opportunities.
GBPUSD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . GBPUSD long
! Great BUY opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
#GBPUSD: Price is likely to remain bullish least up until 1.3100Dear Friends,
Unfortunately our last two ideas on GBPUSD and price did not drop as mention in our charts. Right now, what we think is price will likely to remain bullish at least up to 1.3100 area. Entry can be around 1.2781 with possible 100-150 pips stop loss and take profit to be at 1.3100 which would be 300 pips.
Good Luck and Trade Safe!
GBPUSD ANALYSIS 4HR TIMEFRAMEHere GBPUSD price has dropped below psychological level of 1.28000 now it still make a rebound that means is likely to move up. Elliot Wave also predict up and that means going for LONG is needed and targeting profits at level of 1.28500 and 1.29000
GBPUSD ShortI was waiting for this trade from previous weeks. I finally see an invalidation of main trendline, and expect a quick drop till the support area at 1.275
GBPUSD ANALYSIS DOUBLE BUTTOM BUY 15MINS TIMEFRAMEHere on GBPUSD price has made a double bottom around psychological level of 1.28000 this show that the probility of price moving upward is very high and looking at Elliot wave it preducting up so at the point going for LONG is needed and targeting profits should be around psychological levels of 1.28500 and 1.29000. Is important to use money management . Also remember to set Stoploss below the pattern and give it some space.
GBP/USD Broke Strong Res ,Long Opportunity Valid To Get 200 PipsThis 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 the Bullish Wave continues ? (150pips+ trade idea)hello guys ,
as you can see gbpusd just started a major bullish wave last week .
the price first was consolidating (accumulation) , formed a double bottom reversal pattern on a support level (manipulation) then continued with an expantion (distribution).
a classic AMD / PO3 pattern.
am waiting for the price to retrace towards the poi where there is an overlap of a breaker caused by last cpi a bullish orderblock and the fibbonacci golden zone .
BPUSD left behind ordersOANDA:GBPUSD
I still see some left behind orders out there below 1.282
so i expect the price to fall down to the marked area to clear the orders and then make a bullish trend up to the LIQ area above big figure 1.3
if price rushes to break below 1.28 or above 1.29 on coming Monday then this idea is definitely FAILED
GBPUSD Pullback Pending (1.29500 back down)My bias for GU this week is centered around anticipating a pullback to address the imbalances left behind. This week has witnessed a significant bearish trend for the dollar, leading to increased bullish pressure on GU. Given this scenario, it's evident that price hasn't experienced a healthy pullback yet, which is overdue.
Therefore, I'll be patiently waiting for price to reach my 8hr supply zone, where I anticipate a wyckoff distribution to form. Once I receive confirmation on the lower time frames, I'll initiate sell positions. However, if price decides to drop before reaching the supply zone, I'll consider buying opportunities from the 6hr demand level back up to the designated supply zone.
Confluences for GU Sells are as follows:
- Price overall on the higher time frame like weekly and monthly is still bearish.
- Bullish pressure has been excessive and its due for a pullback.
- Nice supply zone on the 8hr that has caused recent break of structure.
- Lots of imbalances left below left from NFP event that needs filling.
P.S. Given the premium level of this supply zone, I prefer to observe price action slowing down. However, I'll exercise caution and focus on trading opportunities primarily on Monday, Wednesday, and Friday. Tuesdays and Thursdays are notably packed with significant economic events such as CPI & PPI.
Have a good week traders and preserve capital on those days!
GBPUSD Analysis on Weekly Time Frame GBPUSD: Breakout from Converging Triangle Signals New Trend
The GBPUSD pair has recently broken out of a converging triangle pattern on the weekly chart, indicating a potential new trend direction. This technical formation, often seen as a continuation pattern, suggests a significant move following a period of consolidation.
Key Observations:
Pattern Formation: The converging triangle is characterized by price movements between two converging trendlines, leading to a breakout.
Breakout Direction : The direction of the breakout from the triangle often indicates the trend’s next move.
Volume: A breakout accompanied by high volume can provide further confirmation of the pattern’s reliability.
Trade Strategy:
Entry Point: Consider entering a position in the direction of the breakout.
Stop Loss: Place a stop loss just outside the opposite side of the triangle to protect against false breakouts.
Take Profit: The projected price move can be estimated by the height of the triangle at its widest part, applied from the breakout point.
Risk Management:
Confirmation: Wait for additional confirmation signals such as a candlestick close outside the triangle or increased volume.
Market Factors: Stay updated with economic news and events that could affect the currency pair’s movement.
Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management.
This trade idea is based on the breakout of a converging triangle pattern, which is a common occurrence in technical analysis and often leads to significant price moves. It’s important to monitor the pair closely following the breakout for signs of trend continuation or reversal. Happy trading!
