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Gbpusdshort

Potential GBP/USD Decline towards 1.26825 The GBP/USD currency pair is currently situated within an order block, signaling a potential inclination towards a downward trend. The pair has exhibited weakening tendencies, particularly with the market adopting a cautious "wait and see" approach ahead of monetary decisions expected in late January and early February 2024. This apprehensive sentiment has resulted in a sideways market movement. As the UK and New York markets open, there is an anticipation of increased selling pressure, with a focus on a likely decline towards the significant support level of 1.26825. Traders are advised to exercise caution, considering both technical and fundamental factors, while strategically managing risk in this market scenario. Fundamental Factors: The market is in a "wait and see" mode ahead of monetary decisions scheduled for late January and early February 2024. Investors tend to be cautious, choosing to stay on the safe side, resulting in sideways market movements. Order Block: Strong Order Block is identified around the 1.27209 level, and given the current market conditions, it is highly likely that the price will attempt to 1.26825 level. Trading Plan Profit Target: Take profits around the 1.26825 level or based on potential price movements. Monitor Fundamental News: Keep an eye on monetary policy announcements that may impact market movements.
Short
by fardycurry
GBPUSD Shorts from 1.27400 down towards 1.26200This week's analysis for GBPUSD is promising. I'm currently anticipating a slight upward movement to reach the nearby Asian high and mitigate the supply zone at a deeper level. Alternatively, if this doesn't happen, I'm prepared for a potential reaction from the 4-hour supply zone above. This particular supply level has triggered a change of character (CHOCH) to the downside and aligns with the 0.78 Fibonacci range. Since the price is in proximity, I'll be patiently waiting for a redistribution within the zone. Subsequently, my plan involves executing sell orders to guide the price down, targeting the trendline and addressing the 3-hour demand zone situated beneath it. Confluences for GBPUSD sells are as follows: - Overall trend of the market is bearish on the higher time frame - Price has caused a new CHOCH to the downside. - New supply zone has emerged that caused this move which aligns with 0.78 fib range. - Trendline liquidity below to target as well as a 3hr demand zone that needs mitigating. - Bullish momentum is slowly dying down and I can see price reversing soon. P.S. While this is my current perspective, I acknowledge the possibility of a temporary bullish scenario due to substantial liquidity to the upside. Therefore, I wouldn't be surprised if the price surpasses my identified supply level and reaches the extreme one ontop at the 10hr LET'S HAVE A GREAT WEEK AHEAD TRADERS AND LET'S CATCH THESE PIPS!
Short
by Hassan_fx
1
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. 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💰
Short
by TheGrove
1
Sell GBPUSD Bearish Channel GBP/USD has formed a bearish channel pattern on the H1 timeframe, indicating a potential for further downside. Pattern: The price has been making lower highs and lower lows within the channel, creating a downward sloping trend. Sell Entry: A break below the channel support at 1.2665 could be an opportunity to enter a short trade. Targets: Potential bearish targets lie at the support levels of 1.2558 and 1.2498. Stop Loss: A stop loss could be placed above the channel resistance at 1.2703. Factors Underpinning the Downward Pressure: Risk-Off Sentiment: Global markets are facing uncertainties, driving investors to seek refuge in safe-haven currencies like the US dollar. This has put downward pressure on the relatively riskier pound sterling. BoE Policy Divergence: The Bank of England is expected to raise interest rates at a slower pace than the US Federal Reserve, potentially widening the interest rate differential between the two economies. This could further weaken the pound against the dollar. Trading Considerations: Confirm Breakdown: Wait for a clear break below the lower boundary of the channel to validate the bearish momentum and potentially trigger sell trades. Manage Risk: Implement stop-loss orders above the resistance level to limit potential losses if the price unexpectedly reverses course. Monitor Fundamentals: Stay informed about economic data releases and central bank communications from both the UK and the US, as they can significantly influence the GBP/USD pair's trajectory.
Short
by KABHI_TA_TRADING
7
GBPUSD: The dollar hit a one-month high amid interest rate cut sThe US dollar rose to a one-month high on Wednesday on shifting market expectations for interest rate cuts and weak economic data from China. The dollar index, which measures the dollar's value against a basket of currencies, rose to 103.58, its highest since December 13th. This increase follows Tuesday's 0.67% rise. The dollar's rise was fueled in part by comments from U.S. Federal Reserve official Christopher Waller. He noted that the U.S. is close to the Fed's 2% inflation target, but advised against cutting rates early until he is confident that the decline in inflation is sustainable. Following Waller's comments, the probability of a rate cut in March, as measured by CME's FedWatch tool, fell from 75% to about 60%. At the same time, yields on U.S. government bonds rose. In contrast to other currencies, the pound rose 0.1% against the dollar to $1.2646, supported by rising UK inflation data. This has fueled expectations that the Bank of England may cut interest rates more slowly than other central banks.
Short
by Chart_MasterPro
GBPUSD Trade IdeaThe GBPUSD daily chart suggests a confirmed downside break of market structure. While a healthy retracement is ongoing, the 50-61.8% Fibonacci retracement zone offers a possible shorting opportunity if price action confirms on a lower timeframe (e.g., 15m / 5m). Targets lie at the current candle low and prior daily lows (refer to snapshot). Please note: This is an informative analysis, not a trade recommendation. Conduct your own due diligence and risk management before taking any trading decisions.
Short
by fxtraderanthony
ELLIOTT WAVE Forecast: Euro and Pound Under PressureHello Traders, From my previous short call on GBPUSD on the 13th of December (), I noted some economic indices that favours US dollar over GBP. The analysis is unfolding pretty well. The British pound (GBP) continues to face strong pressure from the U.S. dollar, causing it to lose its position after the impulsive breakout of the ending diagonal at 1.27035. This was expected, but we haven't reached the predicted target yet. With the Euro (euro) also expected to decline, it's unlikely the pound will recover. Looking at the currency pair, it seems the pound is about to drop more. This is due to a complex correction in the market trend. So, it's a good idea to stick with selling the pound (GBP). If the price drops below 1.2610 and stays there, I will consider selling more towards the final leg wave (Y). I will keep selling GBPUSD at 1.2610, and if the price goes below, I will sell more. My stop loss is set at 1.2635 and I aim to take profit at 1.2470 or lower. I will keep an eye on the market for any changes. Cheers and happy trading.
Short
by Samuel124
💡 GBPUSD: Waiting for new signalAlthough down, last Friday's D1 GBPUSD bar has the form of a bullish pinbar pattern, showing buying pressure from below. Right in front is also a bullish pinbar. Although it is moving sideways and accumulating in the inside bar model, GBPUSD D1 is putting pressure on the upper border, easily leading to a break to the upside. The accumulation structure with upward sloping price bottoms and sideways price peaks creates upward price pressure for GBPUSD H1, which is the reason for continuing to choose buying ideas for GBPUSD today.
Long
by Stone_Haven
GBPUSD → Two Sell Signal Bars! Time to Short? Let's Answer.GBPUSD gave us more upward price action to finish last week and thus far has failed to break the neckline. The Weekly chart shows two wicks over the 200EMA, but not a clean break. Should we short here? How do we trade this?  🤔 We do not yet have the justification to short for several reasons. Most important, we're lacking a confirmation bar below the 200EMA. We have the two sell bars, but notice the last Daily candle from last week, it's a strong buy bar near a resistance line. A buy bar at a resistance line is not a buy signal because the context doesn't support a buy here. Buy bars this late in the game are often indicative of a potential reversal. The bulls tried to buy after a quick dip in price but failed to close above the 200EMA. This is a sign of potential weakness, key word: *potential*. That weakness needs to be confirmed with a strong bear bar closing on or near its low. Such a dip will likely bring us to the 30EMA where I would expect some support. My preference would be to wait for that price action to either close below the 30EMA, or come back up to the Resistance Zone (as depicted) and fail again to confirm the short entry. Until then, it's best to wait on the sidelines for the required price action. 💡  Trade Idea  💡 Short Entry: $2,225 🟥 Stop Loss: $2,510 ✅ Take Profit: $1,940 ⚖️ Risk/Reward Ratio: 1:1 🔑  Key Takeaways  🔑 1. Two Sell Signals at Resistance Zone 2. Failed to break 200EMA 3. Watch for Bear Close Below 200EMA and a re-test of Resistance Zone. 4. Look for Strong Bear Signal at Resistance to Short. 5. RSI near 58.00 above Moving Average, Contradicts Short Bias. 💰  Trading Tip  💰 A buy bar in isolation (bull candle with a large wick on the bottom) is a bullish bar. But bars in isolation are irrelevant when it comes to addressing a chart. Context is everything and when a buy bar appears near a Resistance Zone at what is possibly the end of a trend, it should not be considered a buy signal, but potentially a sign of weakness before the bears take over. ⚠️  Risk Warning!  ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering