Sell Gbp/Usd Bearish Flag BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. FX:GBPUSD
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.2916, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2882
2nd Support – 1.2855
Stop-Loss: To manage risk, place a stop-loss order above 1.2953. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Gbpusdshort
1-Hour Chart Analysis GBPUSD Visit fourtrades website for daily and 4h chart breakdown link in the bio
The 1-hour chart provides a closer look at the short-term dynamics. The price recently broke above a descending trendline, suggesting a potential short-term bullish reversal. However, the price action remains choppy, with several resistance and support levels to watch.
Key Observations:
Immediate Resistance: The 1.2950 level is a key resistance point. A break above this level could lead to a test of 1.3000.
Support Levels: Immediate support is around 1.2920, with stronger support at 1.2900.
Conclusion
The GBP/USD pair is currently at a critical juncture. The daily chart shows a well-defined ascending channel, with the price testing key resistance levels. The 4-hour and 1-hour charts indicate potential bullish momentum, but significant resistance levels need to be cleared for a continuation of the upward trend. Traders should closely watch the 1.2900 support level and 1.2950 resistance level for potential breakout or breakdown scenarios
GBPUSD - UniverseMetta - Analysis#GBPUSD - UniverseMetta - Analysis
On D1, the price is in the overbought zone, which may indicate a potential correction, if not a reversal of the price or local trend. Global targets for updating minimums 1.26157. A 3-wave structure may form. The entry is considered from the levels of breaking through the fractal of the 1st wave. Stop behind the high of the 2nd wave.
Target 1.28715 - 1.26157
GBP/USD Shorts are becoming more dominant? GU sell opportunities are looking increasingly favorable as the dollar continues to rise. We now have some high-quality supply zones, specifically the 19-hour and 4-hour zones. If the price breaks the nearby low and structure again, the 2-hour supply zone I’ve identified will become more valid.
Since the price is not near any of my high-time-frame points of interest (POIs), if it keeps falling, I expect the imbalances to be filled and the demand zones to be mitigated. Ideally, we will see a reaction from the 3-hour or 17-hour demand zones.
Confluences for GU Sells:
The dollar is bullish, indicating GU should trend downward.
Valid supply zones are forming, presenting potential bearish trade setups.
There are numerous imbalances and liquidity below that can be targeted.
The price has changed character and broken structure to the downside on the higher time frame.
P.S. I will closely monitor the price action throughout the week and adapt accordingly. It appears that a sell position is becoming more likely due to the Wyckoff distribution observed on the high time frame.
GBP/USD !! Touching the EMA, the price decreases⭐️ Smart investment, Strong finance
⭐️ GBP/ USD INFORMATION:
The Pound Sterling (GBP) fails to extend a slight recovery above the immediate resistance of 1.2930 against the US Dollar (USD) in Monday’s European session. The near-term outlook of the GBP/USD pair has become uncertain after a corrective move from an annual high of 1.3044 recorded last Wednesday. The Cable faced selling pressure as improved speculation for Donald Trump winning United States (US) presidential elections this year prompted the US Dollar’s appeal.
⭐️ Personal comments NOVA:
Notice that the H1 frame touching the EMA is still in a downtrend - SELL NOW price range 1.29300
🔥SELL GBP/USD zone: 1.29300 - 1.29500 SL 1.29800
TP1: 1.29000
TP2: 1.28600
TP3: 1.28300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
GBP / USD SELL LIMIT Hi traders, GBP / USD is looking like we are in for a reversal from supply area, my weekly fundamentals are lining up nicely.
Entry 1.30726
Sl 1.31762
Tp 1.23691
This chart material is for educational purposes only / Demo account should be traded only.
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GBPUSD - Waiting for price to climb back upOn the daily timeframe, price action printed a strong bearish engulfing pattern and now I'm just waiting for a sniper shot entry. This means prices need to climb back up to my desired entry area for me to consider short selling this pair.
I have alerts in place - now just need to be patient and wait.
Trade Safe
Sell GBP/USD Triangle FormationThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2970.
Target Levels:
1st Support – 1.2910
2nd Support – 1.2874
Stop-Loss: To manage risk, place a stop-loss order above 1.2997. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
GBPUSD: Anticipating Short-Term Bearish Reversal!Greetings Traders!
Current Market Analysis:
At the moment, GBPUSD has been primarily bullish coming into this week. However, recent price action indicates that we might anticipate some bearish institutional order flow to meet minor targets before potentially continuing the bullish trend.
Key Observations:
Market Structure Shift: We have seen a market structure shift, suggesting a potential reversal. This bearish sentiment was further confirmed when the price respected the Balanced Price Range, leaving the Fair Value Gap above it as a runaway gap. This indicates that the price has no immediate need to move further into premium prices.
Trading Strategy:
Entry Strategy: I am looking to see if the price retraces back into the H1 bearish order block. This will be my primary entry point. If the price does not retrace into the H1 bearish order block, I will seek other entry methods, provided the price gives me a confirmation to do so.
Target Levels: The main target is the Daily Bullish Fair Value Gap, which is my draw on liquidity.
Conclusion:
By understanding the current bearish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute trades on GBPUSD. The observed market structure shift and the respect for the Balanced Price Range support a bearish outlook in the short term, guiding our strategy towards taking advantage of short opportunities while keeping an eye on the potential continuation of the bullish trend.
Happy Trading,
The_Architect
GBPUSD SELL SETUPThe current technical analysis supports a bearish outlook on GBP/USD. By carefully monitoring key resistance levels and using proper risk management, this sell setup aims to capitalize on the expected downtrend while minimizing potential losses. Always stay informed about market conditions and be prepared to adjust your strategy as necessary.
GBP/USD Sell Setup
1. Current Market Overview:
Pair: GBP/USD
Bias: Bearish (Sell)
Timeframe: 1-hour (H1) / 4-hour (H4)
Monitoring and Adjustment:
News and Events: Be aware of upcoming economic news and events (like central bank announcements, and employment reports) that could impact GBP/USD volatility.
Trailing Stop: Consider using a trailing stop to lock in profits if the trade moves favorably.
GBPUSD - Look for a long !!Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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GBPUSD POTENTIAL SHORT OPPORTUNITYHello Everyone!
How are you all?
GbpUsd is a pair to watch this week, because it is shaping up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. On the HTF, the price come to the VA.
2. The price has formed a reversal structure.
3. The price has approached the value area structurally.
Game Plan:
If the price rejects at the VA and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
Short-Term GBPUSD Short This Shorting opportunity could also be an opportunity for an entry for a longer term hold.
GBPUSD on the move for a longer term sell so we are looking for opportunities to ride the wave down.
- FVG at 0.79 fib level as point of entry
- Asian range highs are taken out
- Previous liquidity has to be taken out
- Targeting the previous low
Gbp/Usd (Wedge) Intraday Analysis The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.2806, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2763
2nd Support – 1.2735
Stop-Loss: To manage risk, place a stop-loss order above 1.2850. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
GBPUSD Weekly PlanI was waiting to see how GBPUSD was moving in the previous days before posting this setup. I expect a major correction on the cable, but probably we are going a bit higher now. My personal plan (don't follow me, it's risky) is to long now with a tight stop at 1.2795, target the local highs at 1.284 and wait for a reversal setup. Powell speech today, and this could give us a fake pump. I expect a retracement till the 1.2700 area, that is a strong daily supply zone and here i will open a strong buy position
GBPUSDThe GBP/USD pair is exhibiting a bearish trend on the daily timeframe, forming a symmetrical triangle. The completion of the Elliott Wave 4 at the resistance trendline, coupled with the formation of a double top, suggests a potential move towards the Elliott Wave 5 on the bearish side. This confluence of patterns indicates a strong likelihood of further downside movement.