GBPUSD trade ideas
GBPUSD are continuing DOWN? It is similar to EURUSD. If, after a five-wave structure, we see three waves up, the GBPUSD pair is likely to continue its decline.
GBP/USD: Analysis , Can the Pound Find Support at 1.2400?The Pound Sterling is experiencing a sustained bearish trend, remaining under significant pressure following President-elect Donald Trump's recent announcement of a proposed 25% tariff on imports from Mexico and Canada, alongside a 10% increase on all imports from China to the United States. These developments are likely to strengthen the U.S. Dollar further, potentially driving the Pound and other currencies into another bearish phase against the Dollar.
As the market digests these tariff implications, investors are wary of the potential economic repercussions, especially as they pertain to trade relationships. The insistence on higher tariffs could lead to retaliatory measures from affected countries, creating uncertainty that weighs heavily on the Pound.
Looking ahead, analysts are closely watching the 1.2400 mark, which is recognized as a potential demand zone for the Pound. If the currency falls to this level, it may attract buying interest from traders looking to capitalize on a rebound. However, the overall sentiment appears to favor further bearish movement unless there are significant changes in the economic landscape or policy shifts.
In this volatile environment, market participants are advised to remain vigilant, as the unfolding situation may present both risks and opportunities.
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Scalp at this entry and wait for candle Candle confirmation is needed here.
Dont rush for entry. Looking at Buy at the pullback
GU giving a bullish play...Was looking for a area where price wants to turn around. It looks like it wants to do it here. Looking for price to push up some where above the Previous Daily Low. But cautious that it could reverse and continue bearish from that point.
GBPUSD REMAINS BEARISH TILL THE REST OF THIS WEEK!!!!!!!!GBPUSD is seriously on a selling or bearish trend till price sweep liquidity below 1.20127 reason been is we spotted out a rising wedge breakouts pattern and price have been respecting this trend and have dropped over 200pips from when the sell side liquidity was taken out am seeing more sells from this area till 1.20127 is visited again
Lets know your take on this................
GBPUSD for sell.Price is visibly bearish, price retraced to fib50 level and a bearish momentum candle.
Gbpusd long Target GBP/USD churned chart paper near the 1.2600 handle, finding thin gains through the day’s market window but failing to recapture the technical level as market flows do little to bolster the Pound Sterling
GBP/USD remains hobbled on the south side of the 1.2600 handle, churning bids north of 1.2500 as the pair finds some breathing room after another leg lower from early November’s choppy plateau just below 1.3000. Cable reached a six-month low of 1.2487 late last week, clipping into a 7% decline top-to-bottom from September’s peaks at 1.3434.
Confirm signal gbpusd
Fundamental Market Analysis for November 26, 2024 GBPUSDEvent to pay attention to today:
21:00 EET. USD - FOMC Meeting Minutes
GBPUSD:
The GBP/USD is making small gains throughout the day, but is unable to regain the 1.26000 technical level. Market flows are not providing the necessary strength to support the Pound. The UK economic calendar is relatively inactive this week. Fresh US inflation data on Wednesday will lead to a shorter trading week in the US as Americans prepare for the Thanksgiving holiday.
A general improvement in risk appetite across the market led to a decline in the US dollar's trading value at the start of the new trading week, providing a slight boost to the pound. The cable remained in demand, with prices approaching the 1.26000 mark. The week ahead will be challenging for traders, with a limited number of scheduled releases. Market activity in the US session is expected to be subdued on Tuesday and Wednesday, in anticipation of the Thanksgiving holiday.
The minutes of the latest Federal Open Market Committee (FOMC) meeting will be released later on Tuesday, providing insight for traders into the Federal Reserve's (Fed) latest deliberations on the direction of interest rates going forward. The next update of the Personal Consumption Expenditure Price Index (PCEPI), a key indicator of price growth in the US economy, will be released on Wednesday. On Wednesday, the latest figures for US gross domestic product (GDP) growth will be released. Annual core PCEPI inflation is forecast to accelerate again in October, rising from 2.7% to 2.8%. Meanwhile, US GDP growth is expected to remain at 2.8% in quantitative terms in the third quarter.
Trading recommendation: We follow the level of 1.26000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
longing on something that will dumpthe higher time frame = downtrend.
But in the retracement of a higher time frame, we get lower time frame impulse.
The idea entry will be HTF = long, LTF = long . But as you know, I posted that I am testing, not the entry I take, so i can get feedback.
i have explained most in the chart. $EIGHTCAP:GBPUSD.
GBPUSDit's been on a strong downtrend, I am observing a dump, consolidation, and lower highs in this zone. creating a v-formation, I am speculating this to tank more from here
GBP/USD - H1 - Broadening Wedge The GBP/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Broadening 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 1.2532, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2442
2nd Support – 1.2375
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GBPUSDThe initial price action may display consolidation followed by an upward movement. The price could revisit that zone briefly before proceeding with the next move.
GBPUSD Daily AnalysisFX:GBPUSD
Note :
Do your own Research and Trade Wisely Never rely on my opinions.
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Trading Tip: Always Wait for ConfirmationOne of the most common mistakes traders make is entering trades impulsively. Waiting for confirmation—such as a clear break of structure or a retest—can save you from unnecessary losses and improve your win rate significantly.
GBPUSD 4hr ShortGBPUSD
📉 4hr Short
💰ENTRY: 1.25545
👎STOP LOSS: 1.26134
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10ema
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing high Engulfing candle below the 50ema.
This is a great example of my systematic system.
GBPUSD DropHello Traders! 👋
The GBPUSD pair broke below a key level. This breakout signals potential further downside movement in the pair.
I will be going for a 1:2 on this trade
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GBPUSD SHORT TO $1.24300 (UPDATE)We saw a huge gap on GU last night on market open, which took price back to our entry zone. But it's fine because the analysis is still valid & our position remains open, running in profit👌
We are in the final Wave 5, so it's not a surprise price is moving slowly towards the final target. Seeing a 3 Sub-Wave move play out.
gbpusdAccording to the strategy I used, gbpusd fulfilled all the rules and I set the SL to be 20pips and the TP to be 50 pips.
