Sell GBP/USD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2668
2nd Support – 1.2620
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Thank you.
Gbpusdshort
GBPUSD to find bears at current market price?GBPUSD - 24h expiry
The primary trend remains bearish.
The rally is close to a correction count on the intraday chart.
Risk/Reward would be poor to call a sell from current levels.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.2735.
We look to Sell at 1.2735 (stop at 1.2765)
Our profit targets will be 1.2645 and 1.2620
Resistance: 1.2750 / 1.2780 / 1.2800
Support: 1.2660 / 1.2630 / 1.2600
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GBPUSD Analysis - Bearish - Trade 031. Seasonality
The GBP is range-bound during the first week of December, while the USD exhibits bearish momentum. This suggests a neutral to slightly bullish outlook for GBPUSD based on seasonality.
2. COT Report
The GBP's COT RSI is also range-bound, indicating no strong directional bias.
3. Fundamental Analysis
LEI
The GBP Leading Economic Indicator (LEI) is decreasing, while the USD LEI is increasing. Global LEI is also rising, favoring USD strength and suggesting bearish pressure on GBPUSD.
Endogenous Factors
GBP endogenous factors are signaling a sell, adding to the bearish sentiment for GBPUSD.
Exogenous Factors
Exogenous indicators for GBPUSD are also showing a decrease, further supporting a bearish outlook.
4. Technical Analysis
GBPUSD is forming an ABCD pattern and is currently moving toward point D. The 0.5 Fibonacci retracement level at point C is also coinciding with a 4-hour resistance, suggesting a potential reversal or slowdown at that level.
Bias
The combined analysis suggests a bearish bias for GBPUSD, with the 0.5 Fibonacci level and 4-hour resistance offering a critical point to consider for potential short entry.
Trade Plan:
Entry: 1.26520
SL: 1.27273
TP: 1.25769
GBP/USD Analysis: Key Levels in Focus Amid Mixed TrendsHello Traders,
Trust you are great.
Below is my perspective on the probable direction of GBPUSD in the coming days.
Overview
On the H4 timeframe, GBP/USD remains in a bullish trend. However, on the H1 chart, the pair is consolidating within a bearish structure. Key resistance levels are observed at 1.27219 and 1.27026, with the recent high at 1.27496 marking a critical threshold for further upside movement.
Idea
There is potential for a short-term rise in price, but the advance is likely to remain capped below 1.27496. The overall expectation is for the pair to break below the trendline after this upward movement. A confirmed close beneath the trendline could lead to a decline toward the 1.25400 price region, where strong support might trigger a bounce.
Additionally, earlier unusual volatility caused a sharp downward spike, but this has since eased, and momentum has weakened significantly.
Conclusion
While a downward move appears probable, a break above the Friday high of 1.27496 would invalidate this bearish outlook and signal a continuation of the bullish trend.
Do let me have you thoughts.
Cheers and happy trading!
Sell GBP/USD Triangle PatternThe 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 1.2650
Target Levels:
1st Support – 1.2585
2nd Support – 1.2550
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
GBP/USD: The Bearish Setup You Can’t Ignore Ladies and gents, let’s talk about the British Pound vs. the almighty Dollar—the drama never ends. 🎭 Right now, the charts are shouting louder than a reality TV fight: “Short me!” If you’re not seeing it, don’t worry—I’ll spell it out for you, sarcasm included. 😏
From Wedge to Woe: What the Chart Screams
1️⃣ The Big Downtrend 📉
Look at that drop—GBP/USD has been falling faster than your New Year’s resolutions. 🥲 A strong downtrend brought us to a cute little descending wedge, a classic pattern that screams, “I might bounce… but only to crush your hopes later.”
2️⃣ The "Fake Recovery" 🪤
Post-breakout, we saw a weak rally—let’s call it what it is: a dead cat bounce 🐱. Bulls are trying, but it’s like slapping duct tape on a sinking ship. The price is now flirting with resistance around 1.2775. Spoiler: It doesn’t look good for the bulls.
3️⃣ The Trap is Set 🪤
There’s a clear bearish trade setup here. A red zone for the stop-loss (thank you, risk management gods 🙌) and a juicy green target zone for profits. If you’re thinking of longing this setup, please—just don’t. Save yourself the heartbreak.
How This Plays Out: Two Scenarios 🎢
🔥 Bearish Dominance
This is the most likely play. Price respects resistance, drops out of the consolidating triangle, and continues its nosedive to 1.2500—or lower if the bears are feeling extra spicy. 🐻💣
🎩 Bullish Fantasy (Unlikely)
The only hope for bulls? A breakout above 1.2775. But even then, it needs real momentum, not the half-hearted attempts we’re seeing now. So unless you’re the kind of person who bets on lottery tickets for a living, stick with the short. 🎟️
George’s Take: Don’t Be a Chart Clown 🤡
Look, trading isn’t about being right—it’s about making money. If you’re seeing anything bullish here, you’re either blind or overly optimistic. This setup is bearish AF, and the risk/reward ratio is screaming SHORT.
Pro Tips for the Brave (or Smart):
Entry: Around resistance at 1.2775.
Stop-Loss: Tight above the red zone—don’t go broke proving a point.
Target: Scale out near 1.2500, or ride it lower if the bears take over completely.
Final Word: Trade Smart, Not Emotional 💼
Want to keep buying hope and dreams? Go ahead, but don’t blame the chart when it dumps on you. For the rest of you who actually care about strategy, setups like these are where profits are born. 🤑
Join the Road to a Million Club 🌟 if you’re done playing guessing games and want to trade like a pro. We don’t mess around—just clean setups, hard truths, and real results. 🚀
#TradeSmart #GBPUSD #BearishSetup 🐻💸
Scenario on GBPUSDWe have created a higher low on the market, which will ultimately mean for me that I will wait to see how the situation develops regarding the marked point. If the price breaks below, it still won't matter because the support is set below which the price would have to fall to start considering a short position. From this perspective, I rather like to return to the creation of a double bottom or some other formation for establishing an SFP because around the price of 1.274 - 1.2867 we don't have selected liquidity and from this price the resistance at the price of 1.3 is very close. This is just my view of the entire situation around this market.
GBPUSD I Possible retest and decline within the channel.Welcome 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.
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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
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
GBPUSD is in the Selling Direction after breaking suPportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The Pound’s Downward Spiral: Are Bears Calling the Shots?Ah, the British Pound versus the mighty US Dollar. A tale as old as time, or at least as old as the forex market. Lately, though, it seems like the Pound is auditioning for the next big bear market. Grab your tea (or coffee if you’ve gone full American), and let’s dive into why GBP/USD might be heading south faster than you can say " Brexit chaos. " 🏴☠️
1. Fibonacci Says: 'Resistance is Futile!' 🧮✨
First off, let’s talk about Fibonacci retracement. If you’re not familiar, it’s like the "Instagram filter" for price action—bringing clarity to an otherwise messy picture. Right now, the GBP/USD is dancing precariously around the 50% retracement level at 1.24376.
But here’s the kicker: the Pound has already given us the cold shoulder at 1.27573 (the golden 61.8% retracement). Think of it like an ex texting "I’ve changed" and then ghosting you again. Classic. 📵
Unless GBP/USD can reclaim these levels, it’s giving major "let’s break down" vibes. 🚨
2. Descending Triangle of Doom ⚠️🔺
Triangles in forex can mean two things: continuation or reversal. This one? A big ol’ descending triangle, aka the bearish powerhouse. Lower highs are stacking up like unfulfilled New Year’s resolutions, and price action is squished tighter than a London Tube during rush hour. 🐜
The triangle breakdown looks inevitable, and when it does, it might not just be a stumble—it’ll be a swan dive into bearish waters. 🏊♂️💦 Target? Let’s just say 1.18379 and 1.12692 are waving hello from below. 👋
3. RSI: 'Oversold? Hold My Tea!' ☕📊
The RSI indicator is hovering dangerously close to oversold territory (around 30), whispering, "Hey, maybe the bears need a breather?" But don’t let it fool you. This isn’t a reason to buy blindly—it’s like seeing dark clouds and hoping for a rainbow instead of a thunderstorm. 🌈⚡
Unless the RSI shows a clear divergence (spoiler: it doesn’t), the downtrend could easily keep rolling like a snowball turning into an avalanche. ❄️⛰️
4. Support Levels: The Bear’s Playground 🐻🎢
Looking ahead, the key support zones are sitting pretty at:
1.18379 (38.2% Fib): A potential pit stop.
1.12692 (23.6% Fib): Bears are probably circling this like vultures. 🦅
If you’re bullish, it’s time to sit tight. And if you’re bearish, you’re probably popping champagne already. 🍾
What Could Go Right? (AKA, the Bullish Plot Twist) 🐂✨
Okay, let’s not totally rule out the bullish counterattack. If the Pound miraculously pushes back above 1.27573 (the golden retracement), the bears might pack up and head for hibernation. But that’s a big if—like "the UK rejoining the EU" levels of unlikely. 😅
Conclusion: Will the Pound Pound Lower? 🥊📉
The stars—or in this case, Fibonacci levels and triangle patterns—are aligning for a bearish continuation. GBP/USD is looking more like a short than a "diamond in the rough." Unless it stages an Oscar-worthy comeback above 1.27573, this currency pair is poised to fall faster than a bad political speech. 🎭🎤
Bearish Action Plan 🐻📌
Wait for the triangle to break down: Confirmation is key—no guessing games here.
Target 1.18379 and 1.12692: These levels are your guiding stars.
Stop losses above 1.27573: Let’s not fight the inevitable if the bulls wake up.
So, are you ready to ride the bear? Or are you hoping for a bull to save the day? Let me know below—because as we all know, trading is 90% strategy and 10% memes. 😜📈
GBPUSD is in the Buying Direction after Testing SupportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD (H1) Analysis: Gearing Up for a Bullish ShiftGood day Traders,
Trust you are doing great.
Below is my analysis of GBPUSD.
Trend & Sentiment
GBPUSD, currently trading at 1.26666, shows signs of a potential bullish reversal. After failing to break the recent low at 1.25966, the pair has started forming higher highs and higher lows, signaling a shift in market dynamics. A clear inverted head-and-shoulders pattern has emerged, strengthening the case for an end to the bearish trend and a possible move to the upside.
Key Levels
Resistance: 1.26952, 1.27561
Support: 1.26342
Possible Direction
Bullish movement
The first target is 1.26847, as long as the price holds above the key support at 1.26342.
Price may face resistance at 1.26952, but strong buying momentum could drive it toward 1.27504 and further to 1.27800, completing trade objectives.
Reversal Risk
A break below the support at 1.26342 could invalidate the bullish scenario, leading to a potential decline toward 1.25732, where a stronger reversal might form later.
Conclusion
The outlook is bullish, with targets at 1.26847 (short-term), 1.27504 (medium-term), and 1.28161 (long-term). A sustained break above resistance levels would confirm the reversal, while a drop below 1.26342 would delay bullish momentum.
I would appreciate your thoughts.
Cheers and happy trading!
Gbpusd signal GBP/USD tapped multi-month lows at the 1.2600 handle last Friday, in a complete reversal of the pair’s multi-year highs set in September of this year. The pair shed 6.25% top-to-bottom from September’s peak at 1.3434, and a near-term bullish bounce could see a fresh round of short positions collecting between 1.2700 and 1.2800.
Gbpusd signal
GBPUSD is in the Selling Direction after breaking suPportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
3 Steps to Trade Like a Pro Without Losing Your Sanity !🎯You’re here because you’re tired of watching the market run away without you, right? 🚀 You enter too late, exit too early, or worse—hold onto losers like they’re a long-lost love. 💔 It’s time to stop trading like a gambler and start trading like a sniper. 🎯 Buckle up, because this isn’t just another “blah blah strategy” blog. We’re breaking it down George-style: no fluff, no nonsense, just actionable steps (and a bit of sass).
🔥 Step 1: Spot the Uptrend—Your VIP Entrance to the Market Party 🎟️
Every great trade starts with one thing: momentum. That big blue arrow you see? 🌀 That’s the market screaming, "Follow me if you want to live… financially."
What NOT to do:
Don’t second-guess the trend. If price is moving up like a rocket, don’t be the guy saying, "But it feels like it might drop." 🙄
And please, for the love of pips, don’t trade against the trend. That’s like swimming upstream with a cement backpack. 🏋️♂️
George says: The trend is your bestie—until it’s not. Stick with it while it’s hot, but keep an eye on the exit door. 🚪
⚡ Step 2: Check RSI—Because Not All Trends Are Honest 🤥
Here’s where it gets spicy. 🌶️ Price can look like it’s climbing Mount Everest, 🏔️ but RSI might be wheezing at base camp. When price keeps going up but RSI says, “Nah, I’m done,” you’ve got RSI divergence, my friend. That’s your first red flag. 🚩
Think of RSI as your market mood detector. If it’s throwing shade, pay attention. 👀
What to watch for:
Price making higher highs while RSI makes lower highs. 📉
RSI hanging out near oversold like it’s got nowhere better to be. 😴
George says: When price and RSI don’t get along, something’s about to break—and it’s not your trading account if you play this right. 💸
💥 Step 3: Wait for the Trendline to Break—Patience, Grasshopper 🧘
Here’s the part where most traders mess up: impatience. They see a slight pullback and jump in faster than you can say, “margin call.” 😱 Don’t do it.
Wait for the trendline to snap like a cheap rubber band. ✂️ That’s your confirmation. Then, and only then, do you make your move.
The Setup:
Risk $1 to make $3. Always. 🤑 You’re not here to “just survive”—you’re here to thrive. 🌟
Use a stop-loss. Because “hope” is not a risk management strategy. 🤦
George says: A trendline break is like the market giving you a wink. 😉 Ignore it, and you’ll regret it.
Why This Works (and Why Most Traders Fail) 💡
This setup isn’t rocket science—it’s logic. 🤓 Spot the trend. Wait for the market to lose steam. Then confirm it with a trendline break. Simple, right? ✅ Yet 90% of traders will still overcomplicate it with 14 indicators, a gut feeling, and a sprinkle of overconfidence. 😵💫
But not you. You’ve got the plan, the patience, and now, the edge. 🔪
Final Words from George: 💬
Trading is like dating. If you’re too eager, you’ll scare off the good setups and end up stuck with losers. 😂 But if you wait for the right one—oh boy, it’s worth it. 💍 So, stop overthinking, trust the plan, and let the market come to you.
Now go out there and trade smart. And remember: Patience prints profits. 🖨️💰
Cheers to making the market your ATM. 🥂
PS: Risk $1, make $3. It's the kind of math we all like! 😏