GBPUSD H4 | Bearish Fall Based on the H4 chart analysis, we can see that the price is testing our sell entry at 1.3013, which is a pullback resistance aligning with the 61.8% Fibo retracement.
Our take profit will be at 1.2909, a pullback support level.
The stop loss will be placed at 1.3165. a swing high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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GBPUSD
GBPUSD. Stubborn Bulls.. 4/10 10:15pm.Hello everyone so this is my analysis over the past couple hours. I mean you guys can obviously see GBPUSD bullish. Let's dive a bit deeper into what's really happening...
Fundamentals: I'm seeing stronger GBP data coming into focus for Friday, April 11, 2025. Recent reports show that the UK's trade figures are working in its favor—for example, the non‑EU Goods Trade Balance improved from –£7.07B to –£6.7B, and the GDP MoM for February turned positive at 0.1% (up from –0.1%). Meanwhile, the overall GB Goods Trade Balance has also slightly improved. On the U.S. side, the latest reports (like a PPI MoM at 0.2% and lower Michigan Consumer Sentiment) point to some softness. For me, these fundamentals add extra conviction to a bullish view on GBP/USD because the UK economic data is beating expectations while the U.S. signals are lagging.
OHLC and Price Action: Looking over the hourly charts from today, I've observed that the price has been trading in a relatively narrow band—oscillating between about 1.286 and 1.299. Earlier in the session, there were strong upward moves (with notable gains around 10:00–11:00), but then at 15:00 I saw a pronounced pullback when the candle closed at 1.29375 after touching as high as 1.2979. Later, around 22:00, a bullish candle closed near 1.29876 with a +22.9 pips move, indicating that while buyers stepped in, the market remains choppy. This oscillation tells me that even though the long-term trend appears bullish, the near-term price action is showing signs of overextension and profit-taking.
Technical Indicators: My technical indicators paint a mixed picture. On higher timeframes (1‑hour and above), moving averages like the EMA, DEMA, and KAMA confirm that the overall trend is bullish. However, key support levels—like the HT_TRENDLINE (around 1.28267) and the Stop and Reverse level (about 1.29081)—are well below the current price of approximately 1.29807. This means that, relative to these supports, the price is overextended. Other indicators, like the 1‑hour RSI (hovering near 52) and the MACD, are fairly neutral, but the ATR (around 0.005) confirms that today's volatility is higher than normal. Short-term oscillators and candlestick patterns (such as bearish engulfing or pin bars on the 15‑minute chart) become critical for spotting a reversal signal.
My Overall View and Trade Strategy: Putting it all together, I’m keeping my bullish outlook on GBP/USD in the long run due to the favorable fundamental environment in the UK versus the U.S. On a technical level, however, the price appears overextended based on the OHLC action and indicator readings. I’m watching for clear reversal signals—the formation of a decisive bearish pattern around the 1.292–1.290 range would be my cue. If that happens, I’d close my current bullish trade and consider opening a short position, targeting a move down toward the 1.278–1.281 support area.
GBPUSD analysis as of 4/10 3:19pm Mind you, i still have a bullish trade going from my previous long trade.. I removed my take profit yesterday and im continuing to monitor the market. but as for now these are the numbers we are looking at.
The market has really overextended itself—prices are at levels that feel too high compared to the earlier consolidation. On the 1‑hour, 4‑hour, and daily charts, I’m spotting clear bearish signals (like the bearish bet-hold patterns, closing marubozu, bearish engulfing, and even hikkake formations) that suggest sellers might soon step in. Even though the higher timeframes still hold an overall bullish bias, these short-term resistance patterns are warning me that the rally may be topping out.
Given this, my plan is to close out my bullish trade as soon as I get confirmation of a reversal. I’m watching for a clear candlestick signal—a bearish engulfing pattern, a pin bar, or any strong rejection on the lower timeframe (say the 15‑minute or even a confirming close on the 1‑hour) around the 1.293–1.290 area. Once I see that confirmation, I’ll lock in my profits from the bullish trade and then pivot to a sell. I’d target my short entry near that level, with a stop-loss just above recent highs (around 1.296–1.297), aiming for a retracement toward the previous support zone (around 1.278–1.281).
In short: I’ll close my bullish position when the price clearly shows it’s reversing from these overextended, overbought highs, and then I’ll open a sell trade to take advantage of the expected short-term pullback. This approach lets me protect my gains and capitalize on the bearish signals emerging from the chart.
Bearish reversal?GBP/USD is risng towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.3009
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.3106
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
Take profit: 1.2875
Why we like it:
There is an overlap support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Analysis of the Trend of the GBPUSDThe GBPUSD is currently showing a gradually rising trend. An important support level is 1.28850, which is the lower boundary of the current range. Once it is broken below, it may suggest a reversal of the trend to a bearish one. Before that, we should still mainly choose to go long and use short selling as a supplement.
GBPUSD trading strategy
buy @:1.29200-1.29300
sl 1.28850
tp 1.29750-1.29850
If you approve of my analysis, you can give it a thumbs-up as support. If you have different opinions, you can leave your thoughts in the comments.Thank you!
GBP/USD Breakdown Incoming? Bearish Setup Unfolding!Hi traders! Analyzing GBP/USD on the 1H timeframe, spotting a potential rejection at the descending trendline:
🔹 Entry: 1.29660
🔹 TP: 1.28652
🔹 SL: 1.30650
Price is reacting to the descending trendline after testing a key resistance zone. This level has acted as dynamic resistance in the past, and price shows signs of rejection.
The RSI is in the overbought area, suggesting a possible pullback. If the bearish momentum confirms, we could see a clean move back down to the previous support levels.
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
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GBPUSD TRADE SETUPPotential Trade Setup on GBPUSD
The price has successfully retested a very strong support after the 3-week rally it exhibited in March.
However there has been little to no pullback after the rally, and currently, it is firing a possible divergence at 1.2970
The price is developing, and I am waiting for a break below the support area at 1.2960 to take a possible short-term sell trade.
A BUY opportunity is at the bottom of the 50% fib at 1.2700.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading
I've been tracking the GBPUSD, and here's where I stand 12:10pmCurrent Price & Overextension: The price is currently at 1.29380, which is still well above the recent consolidation range of 1.281–1.285. This tells me the market remains overextended, suggesting that the strong rally may be due for a pullback.
Technical Snapshot: On the 1‑hour chart, my moving averages—such as the EMA, DEMA, and KAMA—are aligned near the price, confirming that the broader uptrend is intact. However, oscillators like the RSI, which is around 75, and the StochRSI sitting at 100, indicate that the market is extremely overbought. These overbought conditions make me anticipate a short‑term reversal.
Directional & Volatility Factors: The directional indicators still point to bullish momentum (with the PLUS_DI notably higher than the MINUS_DI), but the recent surge seems impulsive when I compare the price to the established support zone. With an ATR around 0.00538, I see that the price has moved significantly for the range, suggesting that a retracement is likely.
My Trade Setup: Given this setup, I’m watching for clear rejection signals—like a bearish engulfing pattern or a firm pin bar—around the upper levels of the range, roughly between 1.292 and 1.290. If I see these reversal signals, I'll plan to enter a short position with a tight stop just above recent highs (around 1.296–1.297). My profit target would be set toward the consolidation zone around 1.278–1.281, which offers me a favorable risk/reward ratio.
Fundamental Backdrop: Recent fundamental news, particularly the conflicting tariff policies, has spurred significant volatility. This volatility, combined with the technical overextension, reinforces my expectation that the current upward move is unsustainable in the short term.
In short, even though the overall trend remains bullish, the pair's current overbought condition and extreme price levels signal an impending short-term pullback. I'm getting ready to take advantage of that temporary reversal with careful, tight risk management.
Still pending clear confirmationPrice Action Overview:
From 1:00 AM to 10:00 AM today, I see the price steadily rising from around 1.2829 to a current close of about 1.29131. The 10:00 candle even touched a high of 1.29248. This sequence suggests that the market is testing the upper bound of the recent consolidation range.
Consolidation and Potential Overextension:
Although the movement from roughly 1.282 up to 1.292 is relatively tight, I interpret this as the price moving near the top of its recent consolidation zone. In earlier analysis, I identified the 1.281–1.285 region as a base, and a rally above that, especially reaching near 1.292, indicates that the move might be overshooting its sustainable range. This aligns with my view that the rally is overextended and a pullback could be imminent.
Candlestick Insights and Intraday Reversal Clues:
Looking at these recent candles, I notice that while the 10:00 candle closed with an upward gain (+21.8 pips) and the 9:00 candle also posted an upward move (+22.3 pips), the overall pattern shows modest moves with small bodies, suggesting that buyers are active but perhaps not strongly in control. There’s also that slight dip at 1:00 AM (a -15.0 pip move) which hints at the underlying volatility and potential exhaustion. These factors lead me to believe that the recent rally may be unsustainable.
Indicator and Fundamental Context Reinforced:
My previous analysis—supported by an overbought RSI reading on the 1‑hour and the overall bearish technical patterns (like the bearish marubozu and long-line bearish candles) on lower timeframes—remains valid. The fresh fundamental news adding volatility likely contributed to this impulsive rally, and now the market appears to be testing its high without much conviction.
What I’m Watching and the Trade Setup Going Forward:
Given this recent data, I’m focused on the area between 1.292 and 1.290. If I see a clear reversal pattern (for example, a bearish engulfing candle or a pin bar developing on the 15‑minute chart around these levels), that would confirm my expectation of sellers stepping in.
I’d look to enter a short position around 1.292–1.290, with a stop-loss set just above the current high (around 1.296–1.297) to account for typical volatility. This approach is consistent with targeting a move down toward support in the 1.278–1.281 range, offering a favorable risk/reward ratio.
XAU/USD: Ready for another Fall? (READ THE CAPTION)By examining the gold chart on the 30-minute timeframe, we can see that yesterday the price once again moved exactly as expected, hitting all four targets: $3022, $3016, $3010, and $3000, and even dropped further to $2956, resulting in a total return of over 700 pips!
Currently, gold is trading around $3003, and if the price stabilizes below $3014, we can expect further downside.
All key demand and supply zones are marked on the chart and are fully tradable.
If the drop continues, the next bearish targets will be $2997, $2991, $2984, and $2976, respectively.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GBPUSD My analysis for 4/10 8:55am. I’ve analyzed all the information—the price action, indicators, candlestick patterns, and the fresh fundamental news—and here’s why I believe this trade is compelling:
Overextension and Price Structure: Right now, the price is at 1.29490, which is significantly higher than the recent consolidation range of 1.281–1.285. This tells me that the market has pushed far beyond its comfort zone—a classic setup for a reversal pullback. I recognize this overextension as a warning sign that the rally might be overdone, especially when I consider the intraday price structure.
Candlestick Patterns and Timeframe Confluence: On the 1‑hour and 15‑minute charts, I’m seeing strong bearish candlestick formations like bearish marubozu and long-line bearish candles. These patterns show that sellers have been in control, and they typically indicate a clean, unimpeded move to the downside when a reversal begins. Even though there are some mixed signals on the weekly charts (with dojis and uncertain high waves suggesting indecision), the microstructure on the shorter timeframes tells me there's immediate selling pressure that I can exploit.
Indicator Confirmation: I’m also paying close attention to my indicators. The RSI on the 1‑hour chart is around 71, pushing into overbought territory, which signals that the upward momentum has likely peaked. Directional indicators, including the PLUS_DI versus MINUS_DI, further support a bias toward a corrective move downward. The ATR of approximately 0.00538 gives me a concrete measure of volatility, which I can use to set a well-defined stop-loss.
Fundamental Catalyst: The market’s recent surge has been partly driven by fresh fundamental news—contrasting tariff policies where the U.S. has relaxed tariffs while China hikes them. This divergence has spurred a burst of volatility and risk-off behavior. I see this fundamental news as amplifying the current overextension; the initial rally was impulsive, and now the fundamentals back the idea that the move isn’t sustainable.
Trade Setup and Risk Management: Based on this confluence, I plan to wait for a clear reversal signal on the lower timeframes—a bearish engulfing candle or a pin bar, ideally forming around 1.292–1.290. That’s when I would enter a short position. I’d set my stop-loss just above the recent highs (around 1.296–1.297) to accommodate normal volatility, as indicated by my ATR. For my profit target, I’m aiming for the support level around 1.278–1.281, which provides me with a favorable risk/reward ratio.
In summary, I believe this trade is attractive because the current price is clearly overextended relative to a recent consolidation, and the technical indicators (including bearish candlestick patterns and an overbought RSI) confirm that sellers have the upper hand in the short term. Coupled with the fundamental catalyst driving uncertainty, it makes sense for me to target a reversal pullback. Waiting for that confirmation around 1.292–1.290 with tight risk controls gives me confidence that I’m entering a high-confluence trade with strong downside potential.
GBPUSD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for GBPUSD below:
The instrument tests an important psychological level 1.2924
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.2858
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
DeGRAM | GBPUSD has reached a support levelGBPUSD is in a descending channel between the trend lines.
The price has already reached the lower trend line and support level.
The indicators on the 1H Timeframe are forming a bullish convergence.
We expect a rebound after the retest and fixing the chart above $1.271
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
GBPUSD INTRADAY bullish continuation above 1.2765 support GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be a corrective pullback toward a key prior consolidation area.
Key Support: 1.2765 – aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
1.2935 – initial resistance level
1.2985 and 1.3026 – medium to long-term bullish targets
If price finds support at 1.2765 and forms a bullish reversal, it would confirm the continuation of the uptrend toward the mentioned resistance levels.
However, a break and daily close below 1.2765 would invalidate the bullish scenario, suggesting deeper retracement toward 1.2688, with further support at 1.2632 and 1.2600.
Conclusion
GBP/USD remains bullish above 1.2765. Look for a bounce from this level to confirm upside continuation. A daily close below 1.2765 would turn the outlook bearish, exposing lower support levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GBP/USD Awaits CPI After Tariff-Driven GainGBP/USD hovered near 1.2830 on Thursday morning, holding its upward momentum for a third straight session. The pair remained supported as market sentiment improved following Trump’s tariff pause. All eyes are now on today’s U.S. inflation data, which is expected to influence the next move.
If GBP/USD breaks above 1.2860, resistance levels are at 1.2900 and 1.2940. Support is at 1.2715, followed by 1.2650 and 1.2600.
BTC/USD more sells incoming? 66k?!Good morning traders, I’m back again with another beauty guys!! I’m sure everyone is asking what’s happening in the markets recently, well Trump(era) is happening.
Back to the charts, here I have a 1 hour TF, yesterday we saw very big moves in price following the news that the tariffs are on hold, but that doesn’t or shouldn’t take always our market sentiments and our biases we had coming into this new week.
This setup is basically a continuation set up but for now I’m only focusing on the relative equal lows because we understand that’s there is sell stops resting below those lows. For the rest of the day we can expect price to deliver lower price for the rest of the week but my question is this…can price drop to the 66k level?
Good luck traders and remember we study price and time not technical analysis!
Will 3 Times Be The Charm For GBPUSD??We can see FX:GBPUSD retrace a tad further up to the Volume Imbalance that was created over the weekend of April 4th - 7th. After Price made its High @ 1.3207, it was immediately rejected back down below the Past Level of Support that is now showing signs of Resistance!
- Following that Higher High not only resulted in a Lower Low but also sent the RSI under 50 into Bearish Territory!
Now in the ICT Methodology of Volume Imbalances, Price is likely to Test or Fill the Imbalance, then once satisfied, has a high potential to turn the opposite direction. Now a Pullback to Fill the Imbalance would land Price right at the 38.2% Fibonacci Level @ 1.28984 where if Bulls are unable to push Price back above, would be an excellent Shorting Opportunity for Bears to overcome.
- RSI is now below the 50 suggesting Bulls have lost steam and strengthens the potential for more downside to occur but that would call for a Break and Retest Scenario on the Rising Support.
Fundamentally, the Federal Reserve will be releasing the CPI y/y and m/m results where analysts believe there to be a .3% decrease in inflation forecasting a 2.5% CPI for March from the previous 2.8% for February. Given this, the FOMC " do not plan to come to rescue Trump with rate cuts" and insist that all the Tariff pressure will actually be a reasoning for Inflation to Rise! So if CPI ends up printing Hotter than Expected (Higher), we could see a renewed strength in the USD.
GBPUSD H4 | Bearish Reversal Based on the H4 chart, the price is approaching our sell entry level at 1.2885, a pullback resistance that aligns with the 38.2% Fibo retracement.
Our take profit is set at 1.2721, an overlap support.
The stop loss is set at 1.3009, a pullback resistance that aligns with the 61.8% Fibo retracement.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPUSD Long?... not for long! Technical Analysis Summary (Multi-Timeframe View)
Price Structure & Patterns
Higher lows since April 8th = bullish market structure
Several bullish candles (belt-hold, closing marubozu, doji on higher TF) suggest momentum shift upward
The bearish harami on the 30-min adds caution — likely short-term consolidation, not reversal
Support & Resistance Zones
Support: 1.2785–1.2800 (prior rejection zone + buyer defense)
Current minor resistance: 1.2845–1.2855 (hit twice recently — strong short-term cap)
Next real resistance: 1.2890–1.2915 (April 7–8 highs)
Major resistance: 1.2935–1.2950 (where sellers aggressively capped rallies on April 7)
Indicators of Note
RSI on 1H = 72.56 → approaching overbought, which aligns with current resistance
MACD on 4H is positive = bullish momentum, though 1H MACD is nearly flat → move is maturing
ADX 1H = 44 → Strong trend
ATR 1H = 0.00358 (≈ 36 pips) → Expect that kind of volatility range
Fundamentals
April 9 FOMC Minutes: Hawkish
USD strength likely to return soon, but it hasn't crushed GBP yet.
April 10 CPI (coming up soon):
Expectations are slightly soft: CPI 2.6% vs previous 2.8%, Core CPI flat
If CPI misses → dollar weakens, GBP/USD rallies to next resistance
If CPI beats → USD strengthens, GBP/USD pullback likely
April 11 UK GDP and Trade
GDP expected positive (from -0.17% to +0.1%) → could support GBP
Option 1: Conservative TP (Safe Profit Lock-In)
TP1: 1.2860 = Just under current resistance
It's been tested a few times and could act as a double top if CPI hits strong.
Option 2: Moderate-Aggressive TP (Event Risk Carry)
TP2: 1.2870–1.2915 = Next resistance zone, April 7–8 top
Bullish structure + current momentum could extend if CPI is dollar-negative (inflation soft).
Good night everyone!
Gold Faces Key Resistance – Will the Uptrend Continue?📊 XAU/USD Daily Technical Outlook – April 10, 2025
Gold has recently seen a strong rally, reaching an all-time high of $3167 per ounce. However, it encountered significant resistance at the upper boundary of its ascending channel, leading to a sharp pullback after the release of strong U.S. employment data, which boosted the dollar and exerted selling pressure on gold.
Currently, gold is trading around $3050, with key support levels at $2956, $2860, and $2790, which could act as potential bounce points if the decline continues.
📈 Current Market Structure:
After reaching the all-time high, the price has corrected lower. As it approaches the support levels mentioned above, the market may see fresh buying opportunities if these levels hold strong.
🔹 Key Resistance Levels:
$3100: Immediate resistance. A break above this level could signal a resumption of the uptrend.
$3167: All-time high. A breakout above this level would open the door for further gains.
🔸 Key Support Levels:
$2956: First support. The price may bounce at this level if it holds.
$2860: Major support. A failure to hold above this level could lead to further declines.
$2790: Strong support. A drop below this level would signal a shift in the market's direction.
📐 Price Action Patterns:
As the price approaches key support levels, there could be reversal patterns forming, indicating a potential price bounce. It’s crucial to monitor the price action at these levels to spot potential entry opportunities.
🧭 Potential Scenarios:
✅ Bullish Scenario:
If gold manages to hold above $2956 and bounce, the uptrend may resume toward the resistance levels mentioned above.
❌ Bearish Scenario:
If gold fails to maintain the key support levels, the correction could continue, with further declines toward lower support levels.
📌 Conclusion:
Gold is currently testing crucial support levels. Monitoring how price behaves at these levels will be key to determining the next direction. Traders should keep an eye on any economic developments that may affect market sentiment.
💬 What’s your outlook for Gold? Will it continue its uptrend or experience further corrections? Share your thoughts below.
EUR/USD Nears Key Resistance – Will the Uptrend Continue?📊 EUR/USD Daily Technical Outlook – April 10, 2025
EUR/USD is currently trading around 1.0964, following a strong upward move from 1.0800 to 1.1000. This rally has been driven by strong momentum and a clear break of structural resistance levels. However, the pair is now approaching a critical resistance zone between 1.1150 and 1.1200, which could lead to a potential pullback or reversal.
📈 Current Market Structure:
The pair has seen a solid rise from 1.0800, breaking through multiple resistance levels along the way. However, as it approaches the strong resistance area between 1.1150 and 1.1200, there may be some profit-taking or correction. The key question is whether the bulls can push through this resistance to continue the uptrend.
🔹 Key Resistance Levels:
1.1150 – 1.1200: This is the critical resistance zone. If price fails to break above this, we could see a pullback or consolidation.
1.1215: A further key resistance. If price reaches this level and struggles to move higher, it may signal a potential reversal.
🔸 Key Support Levels:
1.0960: Immediate support level. A pullback toward this area could offer another opportunity for buying if the bulls continue to dominate.
1.0800: Major support. A failure to hold this level could lead to further downside and shift the market sentiment to bearish.
📐 Price Action Patterns:
As the price approaches the strong resistance zone, we might see profit-taking or corrective moves. It's crucial to monitor how price reacts at these levels to determine the next potential move. A break above 1.1200 could signal continued bullish momentum, while failure could lead to a retracement.
🧭 Potential Scenarios:
✅ Bullish Scenario:
If EUR/USD manages to break through the 1.1150 – 1.1200 resistance zone, it could continue its uptrend toward higher levels. A close above 1.1200 would strengthen the bullish outlook.
❌ Bearish Scenario:
If price fails to break through resistance and pulls back below 1.0960, a deeper correction toward 1.0800 could be on the cards. A break below 1.0800 would suggest a more bearish outlook.
📌 Conclusion:
EUR/USD is at a critical resistance point. Watching how the pair reacts near 1.1150 – 1.1200 will be key in determining if the bullish trend can continue or if a correction is likely. These levels will act as the defining points for the next move.
💬 What’s your outlook for EUR/USD? Will the pair break above 1.1200, or is a bearish reversal imminent? Share your thoughts below 👇