GBPUSD Short Term Sell IdeaH4 - Bearish trend pattern followed by a pullback
No opposite signs
Until the two strong resistance zones hold my short term view remains bearish here.
Gbpusdshort
💡 GBPUSD: Analysis May 7GBPUSD looks like this is a false break around the resistance area so there is a high possibility that the market will decline, but currently the market is not giving us any sell signals.
Now you can wait for the price to form a new trading signal before you can trade, or you can wait for the price to form a downtrend in a low time frame and then sell.
Currently, we just need to wait for more confirmation from the market to form a clear trend
💡 GBPUSD: Analysis May 8GBPUSD turned down in price, confirming the previous false breakout signal, so you can see that the short-term trend of this currency pair is decreasing so you can sell.
The nearest resistance area is the supply area and also the previous peak and bottom area around 1.2530. You can wait for the price to return to this area and then look for a signal to sell later. Currently, there is no price recovery but the downward momentum is still strong, so please wait patiently.
GBP/USD Show H&S Pattern , Short Setup Valid To Get 150 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.
GBP/USD looks bearish, sell the ralliesHello friends, last Friday, GBPUSD broke the 1.26 level but failed to sustain above. The daily candle on Friday looks like bulls have lost control.
Bulls have also failed at the key 100-day EMA level which further solidifies the bearish bias in GBPUSD . I have already sold GBPUSD on Friday above the 1.2620 level.
At present, I will consider selling the rallies in GBPUSD is price reaches the 1.26 level once again.
GBP/USD Trade SetupGBP/USD has formed a symmetrical triangle pattern on the 30-minute timeframe, and a breakout has already occurred.
We are currently waiting for a retest to enter a SELL position, based on candlestick confirmation patterns at the retest level.
GBP/USD outlook: Pre-BOE decision time The British Pound has seen a partial retreat against the USD ahead of the Bank of England's interest rate announcement.
It's widely anticipated that rates will remain steady at 5.25%. Consequently, attention is likely to be directed towards the voting split among the nine-member Monetary Policy Committee and the accompanying commentary, as these factors could influence market sentiment. How this split lands could affect the present futures markets predictions that the first UK rate cut will come in September.
If the forecast is pushed back, we could see the 1.2500 psychological level provide support potential for the GBP/USD. The Relative Strength Index (RSI) has recently declined below the 50 level, highlighting a lack of bullish momentum, so we might like to see this pick up also.
Moreover, the GBP/USD has dipped below the 200-day moving average. This could be the first level of resistance to take note of that could impede any upward trend. After this, levels of resistance the GBP/USD pair could face include the 50-day moving average (DMA) close to 1.2600.
GBPUSD Going as expectedI was expecting a retrace on GBPUSD and here you are. The limit order i shared some days ago worked perfectly and we easily made 90+ pips with one position only, and also the first entry is in profit. I am break even with both positions, and i am holding the trades till the support zone i drawed on the chart. There i will looks for a reversal pattern to enter long
USD/JPY & GBP/USD UpdateUSD/JPY
The secondary trend on the USD/JPY has printed a trend-changing pattern after breaking above the pullback structure.
This move gives us a piece of crucial information, that we can buy at the low after the current wave structure is complete.
Currently, our high probability trade is selling now to buy later.
GBP/USD
The Cable is bearish because we have seen three trend-changing patterns that constitute a downtrend in the GBPUSD.
Overall the major trend is now resuming to the downside and we want to sell every rally that failed to make a Higher high.
💡 GBPUSD: BOE reduced interest rates at the May policy meetingMUFG predicts that the Bank of England (BoE) may signal its readiness to lower interest rates soon, potentially starting as soon as the upcoming meeting. Recent statements from MPC members and upcoming inflation forecasts support a shift towards a more dovish policy stance. Key points:
Policy rate expectations: BoE will likely maintain the current policy rate at 5.25% in its next meeting. However, recent dovish changes in the rhetoric of MPC members, especially from Deputy Governor Dave Ramsden, indicate a growing trend towards interest rate cuts.
Inflation and economic outlook: The BoE's quarterly inflation report is expected to reflect an updated economic outlook, suggesting the risk of inflation overshooting target is receding. This change could confirm a softer approach to monetary policy.
MPC voting pattern: Many MPC members may be influenced by Lieutenant Governor Ramsden's views and moderate in the upcoming vote. This change in voting dynamics could pave the way for interest rate cuts in the next meetings.
Wave structure Multi timeframe analysis - CAD/JPY & GBP/USDCAD/JPY
The outlook of the CADJPY is very bearish, based on the Multi-timeframe waves structure count we should be expecting more downside in the pair. The bearish wave structure (4) on the H4 timeframe is not complete yet, we have seen a bearish 0, 1, 2, and 3 wave structures on the M15 timeframe. Having seen the 3 waves, we now have a more than 70% probability that the trend will complete the cycle which means we will see the momentum low 5.
GBP/USD
We have seen two trend-changing patterns in the GBP/USD. On Friday we have also seen a strong rejection from the high and this move down has created a potential 3rd structural failure, this means the current secondary trend is about to change to the downside.
Our short will be valid when the price trades below 1.2538; this will be a final confirmation of the trend change
GBPUSD possible short for 1.235536K long removed by last 4 weeks & 20K shorts increased.
Net position 57k shorts increase by last 4 weeks.
longer term view by 10 weeks 48k long removed, 27k shorts increased.
Net position changed by last 10 weeks increased 75k shorts.
23% shorts increased by last 4 weeks while 29% shorts increased by last 10 weeks.
Net impact is bearish by Non-Commercials.
supply zone for short 1.2645-2700. stop loss: 1.2720, target: 1.2355
Coming up: BOE's rate decision week Coming up: BOE's rate decision week
Morgan Stanley has asserted that the Bank of England might still opt for an interest rate cut in the coming week, a stance that stands out amidst dwindling market confidence in such a move. Morgan Stanley’s opinion diverges notably from the consensus, which suggests an initial rate cut by the BOE in September.
Backing Morgan Stanley's perspective is the decline in U.K. inflation to 3.2% in March from the previous month's 3.4%, although it fell short of analysts' projections of 3.1%.
Jens Eisenschmidt, Morgan Stanley’s chief economist, is adamant that rate reductions are on the horizon for both the U.K. and the ECB, while the Fed might adopt a more cautious approach for now.
Meanwhile, the European Central Bank, which hinted at an impending rate adjustment last week, has cited escalating tensions in the Middle East as potential obstacles to these plans. Perhaps these same concerns weigh on the BOE?
Technically, buyers of GBP/USD struggled to maintain levels above the resistance at the 200-day moving average, approximately at 1.2550. This scenario could potentially lead to a test of the recent cycle low observed at 1.2299. Conversely, if buyers manage to reclaim the 1.2500 level, they may challenge the 50-day moving average at 1.2612, followed by the April high at 1.2708.
GBPUSD to see a temporary move higher?GBPUSD - 24h expiry
The primary trend remains bearish.
Price action looks to be forming a top.
Bearish divergence is expected to cap gains.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.2560.
We look to Sell at 1.2560 (stop at 1.2596)
Our profit targets will be 1.2470 and 1.2430
Resistance: 1.2560 / 1.2590 / 1.2630
Support: 1.2500 / 1.2460 / 1.2420
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Gbpusd confirm signalGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GBP USD confirm signal
GBPUSD is Ready to Go Down(➡️RR=2.58)🏃♂️ GBPUSD is moving in the 🔴 Resistance zone($1.256-$1.250) 🔴and near the Yearly Pivot Point and 200_EMA(Daily) .
💡According to the theory of Elliott waves , GBPUSD seems to have completed five impulse waves . And now we have to wait for correction waves .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect GBPUSD to continue falling at least to the 🎯Target🎯 I have specified on the chart.
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GBPUSD
🔴Position: Short
✅Entry Point: 1.2555 USD (Limit Order)
⛔️Stop Loss: 1.2600 USD
💰Take Profit: 1.2439 USD👉Risk-To-Reward: 2.58
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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GBPUSD
🔴Position: Short
✅Entry Point: 1.2504 USD (Stop Limit Order)
⛔️Stop Loss: 1.2552 USD
💰Take Profit: 1.2439 USD👉Risk-To-Reward: 1.35
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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British Pound/ U.S.Dollar Analyze ( GBPUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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gbpusd sellThe Pound Sterling reverses its course against the US Dollar, after extending its gains past the 200-day moving average (DMA). However, data from the United States (US), showing that inflation could be picking up, as shown by the Employment Cost Index (ECI), bolstered the Greenback. Therefore, the GBP/USD trades at 1.2517 down by some 0.36%, after hitting a daily high of 1.2563.
The Relative Strength Index (RSI) indicator on the 4-hour chart declined below 60 after coming within a touching distance of 70 on Tuesday, pointing to a loss of bullish momentum. Additionally, GBP/USD turned south after reaching the 200-day Simple Moving Average (SMA) at 1.2560, reaffirming the strength of this resistance.
GBPUSD Short confirmationAs per my system, i received some confirmation that makes me confident about a short entry here on GBPUSD. This setup is high risk, and personally i incresed the RR reducing the stoploss, but i shared this ideas with lower RR to avoid spikes. Good luck
GBPUSDGBPUSD is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
GBPUSD POTENTIAL SHORTHi Traders, Looking on a GBPUSD we can see price respects our monthly IRL, then shoots down leaving an imbalance on our daily time frame, as it takes out our ERL and giving us a clear MSS, so we will look for entry properties on our H1 time frame on the daily FVG/IRL.
Best Of Luck
CharlesFX
GBPUSD I Swing short opportunity from the weeklyWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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