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Gbpusdshort

GBPUSD 4H Midday update The GBP/USD pair has been showing sideways trading since the morning, and therefore, there is no change in the expected bullish trend scenario for today, whose next main target is 1.2290. The moving average of 50 continues to support the suggested bullish wave, which will remain in place unless the 1.2290 level is broken and holds below it. The general trend expected for today: Bullish Pivot Price: 1.2229 Resistance prices: 1.2246& 1.2269 & 1.2295 Support prices: 1.2175 & 1.2137 & 1.21117
by Evar_Mayi
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
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by Brandon_evo4
GBPUSD 4H : Under sell pressure GBPUSD New forecast The British pound pair fell against the dollar at the 1.2125 barrier, which formed a strong resistance that forced the price to remain above it. By closely looking at the chart, we find that the recent trading is confined within a bearish continuation flag pattern, and therefore, breaking the support 1.2125 will activate the negative effect of this pattern and push the price to achieve... We expect declines to reach the 1.2104 area, and by breaking it, it will reach 1.2062 in the near term. Therefore, the downward trend scenario will be remain valid and affective during coming period , taking into account that breaching 1.2192 will stop the negative scenario and push the price to build a positive momentum again. The expect range trading for today it will be between the resistance line 1.2192 and support line 1.2104. Additionally ,Today News will affect the market . support line : 1.2125 , 1.2104 resistance line : 1.2192 , 1.2216 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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by Arazmajeed
2
GBPUSD to Possibly Fall of A Cliff (SELL OPPORTUNITY)Hey guys, what's up Brandon here - So I just entered a sell on this pair (GBPUSD) and I briefly Breakdown as to why I took it If we look at the details - everything aligns with sells nicely as the momentum is bearish on almost all timeframes with only 1 or 2 suggesting buys Now on the few timeframes that may be suggesting buys we have to take into consideration that that could be an induction to buy because GU is a bearish market - and my question is why oh why?....Would you want to buy in a bear market I don't think this ever makes sense because in essence what you are really doing is - believe it or not...CALLING A BOTTOM And why would you call a bottom when the market is dropping? I'll take my chances with the sell - I'm prepared to lose as that is one of the things that just comes with the territory so it is what it is Let me know what you guys think
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by Brandon_evo4
GBPUSD - Still bearish ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are still in a bearish market structure from 4H timeframe perspective, so I am looking for a short position. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 1.22500. Fundamental analysis: This week we have a lot of important news on USD. Will be released Interest Rate followed by FOMC Meeting on Wednesday and on Friday NFP day. As well, on Thursday we will see the result of Interest Rate on GBP. Pay attention to the results in order to validate the analysis and try not to trade during the release of the news. Like, comment and subscribe to be in touch with my content!
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by Snick3rSD
4
GBPUSD Shorts towards 1.20400The Bias for this trade will follow the overall bearish market trend, hence why we will be looking for sells to continue in that same order flow. As of the current price we have two supply zones marked out (A) the refined 4hr supply zone and (B) is the 8hr supply zone at the top. I will be waiting for further confirmation like a re-distribution within the 4hr supply and a clean CHOCH to confirm sells however, there are imbalances above the zone so we can also expect that to get filled and then tap into our extreme 8hr supply at the top for a better sell setup to form. Either way, both targets are at 1.20400 which is at a liquidity point or just below where the daily imbalance is which still hasn't been filled. My confluences for GBPUSD shorts are as follows: - There is a 4hr supply zone & 8hr supply zone that has caused the CHOCH & BOS to the downside. - Price has also swept liquidity from the left hence why we have broken into a bearish trend. - There is a daily imbalance below that hasn't been mitigated as well as wicks in the form or liquidity that hasn't been taken. - The GU market has been in a bearish trend overall on the higher time frames so we trading with the trend. - Price is beginning to create lower lows and lower highs which has multiple small BOS's. P.S. Scenario (A) which is the sell from the 4hr supply zone can be expected to play out during this week but scenario (B) might occur next week. We will see how NFP Friday plays out to give us a better insight into the direction of the market.
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by Hassan_fx
2
💡 GBPUSD: Wait to sell at the right opportunityThe most recent economic data indicates that the British economy is teetering on the edge of a recession, and members of the Bank of England may soon vote in favor of reducing interest rates. While the Bank of England is expected to maintain stable interest rates for an extended period, awaiting sufficient evidence to support multiple rate cuts, when these reductions do commence, they might be more significant than what the market anticipates. Current market expectations fall short of estimating the extent of rate cuts over the next two years, currently standing at just 85 basis points. As observed on the H4 chart, the GBP/USD currency pair is declining after a brief recovery. Geopolitical uncertainties are prompting investors to seek refuge in the US dollar due to its attractive swap rates, which are bolstering the USD's position. Meanwhile, market attention is focused on the 1.2000 threshold, and a breach of this level could potentially pave the way for the exchange rate to regress to 1.1850.
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by Stone_Haven
GBPUSD 4H : Show bearish tendency GBPUSD New forecast The GBPUSD is trading with quiet negativity to test the 1.2104 level, and the price needs to breach this level and stabilize below it to confirm the continuation of the expected bearish wave, which aims the 1.2062 level as the next main station. Therefore the downward trend scenario will be remain valid supported by Moving average 50 continues to support the expected downward trend, taking into account that breaching 1.2125 and holding above it will stop the proposed decline and push the price to attempt recovery. The expect range trading for today it will be between the resistance line 1.2156 and support line 1.2062. support line : 1.2104 , 1.2062 resistance line : 1.2155 , 1.2192 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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by Arazmajeed
14
GBPUSD I Technical analysis for week of October 29Welcome 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. Thanks for your continued support!
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by BKTradingAcademy
GBPUSD 4H completes a negative combinationHello traders,The pound sterling pair against the dollar shows more bearish tendency to exceed the 1.2100 barrier, reinforcing expectations of a continuation of the downward trend during the coming period, and the way is open to achieving our expected negative target at 1.2049 , noting that breaking it will extend the bearish wave to reach the 1.2000 areas in the near term. The moving average 50 constitutes negative pressure that supports the continuation of the proposed bearish wave, which will remain in place provided it remains below 1.2110, as breaching this level represents a positive factor that will lead the price to recover again and head towards 1.2139 and then 1.2171 as major positive stations. Pivot Price: 1.2100 Resistance prices: 1.2139 & 1.2171 & 1.2221 Support prices: 1.2049 & 1.2000 & 1.1949 The general trend expected for today: bearish Sell Under tp:1.2049
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by Evar_Mayi
GBPUSD 4H : Under sell pressure GBPUSD New forecast The pound sterling pair against the dollar shows more bearish tendency to exceed the 1.2106 barrier, reinforcing expectations of a continuation of the bearish trend during the coming period, and the way is open to achieving our expected negative target at 1.2062, noting that breaking it will extend the bearish wave to reach the 1.2016 areas in the near term. The moving average 50 constitutes negative pressure that supports the continuation of the proposed bearish wave, which will remain in place provided it remains below 1.2122, as breaching this level represents a positive factor that will lead the price to recover again. The expect range trading for today it will be between the resistance line 1.2122 and support line 1.2062. Additionally ,Today News will affect the market . support line : 1.2062 , 1.2016 resistance line : 1.2106 , 1.2122 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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by Arazmajeed
💡GBPUSD: Next prediction💡Sterling strengthened after UK September services PMI was revised to 49.3 from the preliminary forecast of 47.2 - a forecast that may have influenced one or more of the Bank of England's five monetary policy committee members who voted to keep rates on hold last month member. 💡After the Bank of England kept interest rates unchanged in September, IMM speculators entered a net short position in the pound for the first time. As of the week of October 17, the net short position in the pound rose to 11,209 contracts.
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by Stone_Haven