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Gbpusdshort

GBPUSD | More Than a 1:1 Reward To Risk TradeThis is bearish potential on GBPUSD 12 hour timeframe is bearish. A new high was made on today. Price can go lower overnight. If it does we can adjust the take profit. Stop loss and entry will stay the same. Stop loss and entry are noted as Entry: 1.21813 Stop loss: 1.22719 TP: Open but preferably the lower low after price pulls back and beyond. You can move stop loss higher if you prefer more room for the trade to breathe. Belief: For God did not give me a spirit of fear, but of power, love, and a sound mind. Rather this trade wins or losses, I pray God for the opportunity. Hey! Like the analysis. Much Love. ❤️
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by ShaquanLopez
1
GBPUSD END-WEEK ANALYSIS-UPDATE 24/09/2023GBP/USD: Navigating Forex's Ebb and Flow - A Close Eye on DXY GBP/USD has been a rollercoaster lately, with our earlier anticipation of a recovery proving accurate. Yet, in the ever-changing forex landscape, we must prepare for the next chapter. Now, I'm keeping a watchful eye on a potential downturn for GBP/USD, in response to a stronger US dollar. A crucial note: this scenario hinges on the DXY maintaining its price above 105.864. Join me in this forex adventure as we navigate market fluctuations. Stay tuned for the upcoming developments! 📉📈 #GBPUSDAnalysis #MarketDynamics #TradingView
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by Dion-FX
Bearish on GBPUSD (ICT)Currently day trading GBPUSD, I want to see the DXY tap into its hourly orderblock while GBPUSD taps into the Hourly fvg so that i can see gbpusd drive up (intraday) and take out buyside liquidity where i will then look for sells once price takes out either sell side liquidity or taps into balanced price range on the hourly (BPR) followed by a market structure shift on the 2 min timeframe with displacement and im hoping to take a short position and scalp it.
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by jdmalcolm722
GBPUSD 4H : Under sell pressure GBPUSD New forecast The pound sterling pair against the dollar was able to touch 1.2260 and rebounded downward from there, providing signals of a move to resume the main downward trend within the downward channel that appears in the chart, waiting to head towards 1.2135 and 1.2100 as a negative station. From here, a bearish bias will be expected for today, supported by the negative pressure formed by the descending channel, keeping in mind that breaching 1.2260 will push the price to conduct further upward correction, with its next target reaching 1.2310. Additionally ,Today News will affect the market . support line : 1.2135 , 1.2100 resistance line : 1.2200 , 1.2261 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
GBOUSD Analysis. Day trade Signal.Hello Everyone. I want share my idea about GBPUSD. Friday we saw some alive moves of GBP after big and strong fall, but it was actually correction which gave us perfect High, it broke little time 4h Resistance which was manipulation, start strong up movement at lowers timeframe and then got strong rejection and came back down. whit that movement we can see big money first stopped most sell orders and then continue real movement. In my opinion and with my strategy i would like to see from that point retest that 4h resistance and then downside movement which will be perfect day trade, for that i used my Fibonacci levels and showed me exactly where can i wait price reversal movement. Open short position - 1.2265. Stop loss - 1.22615. Take Profit - 1.21100 ( If i will be right and price will reach that point then i will try to follow with trail stop loss) Always manage your risk!!! Good luck everyone!!!
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by elmakacho
1
GU - Weekly Timeframe Analysis (ICT)Considering my bullish bias on the DXY, and the currently bearish price action on GBPUSD, I am anticipating price continuing lower with a short-term objective of a Weekly Wick's Consequent Encroachment. Price bottomed off a Weekly Bisi to the tee, and closed above a NWOG at big figure 1.2200, leaving a Weekly Sibi in it's wake. There are 2 areas I am currently looking at for a retracement for a potential continuation to the downside. With price being at an opposing HTF PD Array, I am keen to see how much time it spends consolidating, if at all. 1. The closest Weekly Sibi nested with a Wick of Monthly Bearish Breaker Block (Wick). 2. A Weekly Sibi further up nested with the body of a Monthly Bullish Breaker Block. - R2F
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by Road_2_Funded
GBPUSD 4H : OUTLOOKGBPUSD New forecast The price perfectly fulfills my last idea and price reached our target . The pound sterling pair against the dollar was able to touch our expected target at 1.2135 and stabilize around it to support the chances of resuming the expected downward trend for the coming period, whose next target reaches 1.2030. Therefore, we are awaiting further expected decline in the immediate and short term, taking into account that breaching 1.2171 will stop the negative scenario and lead the price to target the descending channel resistance around 1.2200 and 1.2240 before returning to the decline again. Additionally ,Today News will affect the market . support line : 1.2135 , 1.2100 resistance line : 1.2200 , 1.2239 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
by Arazmajeed
6
BluetonaFX - GBPUSD Descending Triangle SHORT IdeaHi Traders! GBPUSD is under serious pressure, and there is a possibility of price breaking below the four-month low. Price Action 📊 The market has reached the four-month low, creating a descending triangle pattern on the chart. We are looking for further bearish momentum to break and close the trendline support line. Fundamental Analysis 📰 The market's outlook on GBP is currently negative due to weak economic data recently released. Traders will be looking for positive statements from the Monetary Policy Summary later today.   Support 📉 1.23081: 4 MONTH LOW Resistance 📈 1.24216: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
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by BluetonaFX
GBPUSD. SELL HERE!Certainly, here's the translation of your technical analysis for GBP/USD today: 1. In terms of market structure, GBP/USD is clearly in a downward trend. It exhibits lower highs and lower lows. 2. It appears that GBP/USD may be following a 5-wave structure. At points 0, 1, and 2, we can anticipate that GBP/USD will continue to decline in the near future. 3. Trendlines indicate that the price continues to respect the slope and wave amplitudes. Indicators and volume suggest that the price is slowly decreasing. It is predicted that there will be a corrective wave 3-4 soon. 4. Prediction: When the price approaches the upper trendline, we can consider SELLING based on the descending structure of GBP/USD in waves 4-5. This may mark the temporary end of the downtrend. Please note that this analysis is based on technical indicators and historical price patterns, and actual market movements may vary. Always use proper risk management and consider multiple factors when making trading decisions.
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by KC_Trader77
3
GBP/USD: UK Retail Sales Miss Estimates, Pound Sterling Faces...UK Retail Sales Miss Estimates, Pound Sterling Faces Headwinds The latest data from the Office for National Statistics (ONS) has revealed that UK Retail Sales in August fell short of expectations, adding to concerns about the country's economic trajectory. The Pound Sterling (GBP) has faced headwinds as a result of this disappointing retail trade data. Here are the key highlights from the recent release: 1. Monthly Retail Sales Figures: UK Retail Sales increased by 0.4% in August, falling short of the 0.5% expected and marking a modest recovery from the previous month's -1.1% decline. Core Retail Sales, which exclude auto and motor fuel sales, saw a 0.6% month-on-month rise, in line with expectations, but failing to fully offset the previous month's -1.4% drop. 2. Annual Retail Sales Data: On an annual basis, Retail Sales in the United Kingdom experienced a decline of 1.4% in August, compared to an anticipated -1.0%, and following July's sharp 3.1% drop. Core Retail Sales also exhibited a 1.4% decline during the reported month, surpassing expectations of -1.3% but indicating a significant contraction compared to the -3.3% decline in the previous period. 3. Economic Challenges Persist: These figures underscore the challenges facing the UK economy, with firms exercising caution by limiting their operating capacity and curbing labor growth. The economic landscape remains vulnerable, and the recent data highlights the complexities that the Bank of England (BoE) faces in its attempts to navigate through these challenges. 4. BoE's Monetary Policy: On Thursday, the BoE maintained the possibility of further policy tightening should inflationary pressures persist, emphasizing its commitment to addressing both inflation and potential recession risks. The central bank's stance reflects the delicate balancing act required to sustain economic stability. In conclusion, the UK's retail trade data missing estimates has added to the complexities faced by the Pound Sterling and the broader economy. The Pound continues to navigate policy divergence with the Federal Reserve and grapples with economic uncertainties. As the BoE keeps a watchful eye on inflation, the GBP's path ahead remains uncertain, with the economy striving to regain its footing amid challenging conditions. Our preference Short positions below 1.2310 with targets at 1.2215 & 1.2180 in extension.
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by FOREXN1
5