Hey guys, welcome back! 👋 I'm Skeptic.
Let’s dive into GBP/USD, a pair that’s been in a strong uptrend and has the potential for another solid price jump. We’ll break it down across multiple timeframes, do a deep analysis, and at the end, I’ll share high-probability long & short setups with clear triggers—so stick around!
Daily Timeframe Analysis
As you can see, GBP/USD has been respecting an uptrend channel, reacting well to both the upper, lower, and midlines—a key characteristic of a strong trend. Each time price makes a jump, it enters a range box (re-accumulation phase) before breaking out to continue the trend.
Currently, we’re inside another range between 1.28720 - 1.29883. A breakout in either direction can give us a trading opportunity, but given the major trend is bullish, I prefer trading in the direction of the trend unless we get a clear reversal signal.
4H Timeframe Analysis
The uptrend channel remains intact, and we’re still within the Consolidation phase. We recently saw a fake breakout, which could mean that the next breakout might happen with stronger momentum.
Trade Setups
✅ Long Setup:
- Entry: After a confirmed breakout of 1.29883
- Confirmation: RSI breaking above 65.33 (which acts as an overbought signal in this case)
- Preferred Order: Stop Buy above resistance to catch momentum
❌ Short Setup:
- Entry: After a confirmed break of 1.28682
- Risk Management: Since this is against the trend, take quick profits and use a tighter SL to manage risk efficiently.
What are your thoughts on GBP/USD? Drop your opinions in the comments! Let’s grow together, not alone. 🚀🔥
Let’s dive into GBP/USD, a pair that’s been in a strong uptrend and has the potential for another solid price jump. We’ll break it down across multiple timeframes, do a deep analysis, and at the end, I’ll share high-probability long & short setups with clear triggers—so stick around!
Daily Timeframe Analysis
As you can see, GBP/USD has been respecting an uptrend channel, reacting well to both the upper, lower, and midlines—a key characteristic of a strong trend. Each time price makes a jump, it enters a range box (re-accumulation phase) before breaking out to continue the trend.
Currently, we’re inside another range between 1.28720 - 1.29883. A breakout in either direction can give us a trading opportunity, but given the major trend is bullish, I prefer trading in the direction of the trend unless we get a clear reversal signal.
4H Timeframe Analysis
The uptrend channel remains intact, and we’re still within the Consolidation phase. We recently saw a fake breakout, which could mean that the next breakout might happen with stronger momentum.
Trade Setups
✅ Long Setup:
- Entry: After a confirmed breakout of 1.29883
- Confirmation: RSI breaking above 65.33 (which acts as an overbought signal in this case)
- Preferred Order: Stop Buy above resistance to catch momentum
❌ Short Setup:
- Entry: After a confirmed break of 1.28682
- Risk Management: Since this is against the trend, take quick profits and use a tighter SL to manage risk efficiently.
What are your thoughts on GBP/USD? Drop your opinions in the comments! Let’s grow together, not alone. 🚀🔥
Trade closed: target reached
After a confirmed breakout of 1.29883 (the trigger I shared earlier), we successfully reached R/R 2, making it a great spot to secure profits. 🔥If you're finding these free signals helpful, make sure to follow & stay tuned for more!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.