GBPUSD BUYWaiting for Volume & Structure Breaks for now - Last Targets @ 1.3000 - Average Targets (TP) @ 1.28
GBPUSD
Falling towards overlap support?GBP/USD is falling towards the support level which is an overlap support that aligns with the 78.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.2528
Why we like it:
There is an overlap support level that is an overlap support which aligns with the 78.6% Fibonacci retracement.
Stop loss: 1.2335
Why we like it:
There is an overlap support level.
Take profit: 1.2676
Why we like it:
There is a pullback resistance.
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GBPUSD FALLINGStill going down after already a huge drawdown ;
the blue lines are the main recent interesting KL, reaching it one by one, slightly bouncing then still going down seems like the next move ;
but it s the same as fibonacci, it might bounce harder on one and even change the whole trend to a new uptrend.
BTC LATEWe thought it would go back up right now, but it turns out it made an unexpected line cutting (white cut line) ;
it s going towards the next LL KL, hitting some key points then going back up pretty quick before wednesday ;
it is now a smooth drawdown pattern, where it falls smoothly and calmly before hitting one big red candle.
Trading is not a get rich quick scheme🔸Patience
▪️Market Timing: Not every moment is the right time to trade. Waiting for the ideal setup is crucial. For example, a patient trader waits for patterns, trends, or specific signals to align with their strategy.
▪️Compounding Growth: Wealth through trading often comes from compounding small, consistent gains rather than chasing big wins. This takes time to materialize.
▪️Recovery Time: Losses are inevitable. Patience allows traders to focus on gradual recovery rather than impulsively trying to "win back" losses.
🔸Discipline
▪️Sticking to the Plan: A trading plan is your blueprint. Discipline ensures you execute trades based on logic, not emotion.
▪️Avoiding Overtrading: The temptation to trade constantly can lead to unnecessary risks. A disciplined trader knows when to step back.
▪️Risk Management: Proper position sizing, setting stop losses, and avoiding over-leveraging are all practices rooted in discipline.
🔸Consistent Effort
▪️Continuous Learning: Markets evolve, and so must traders. Keeping up with new strategies, tools, and market conditions is essential.
▪️Routine Analysis: Reviewing past trades to learn what worked and what didn’t helps improve strategies.
▪️Building Experience: Expertise comes from time spent observing patterns, managing emotions, and handling a variety of market scenarios.
🔸Mindset
▪️Long-Term Thinking: Focus on building wealth slowly rather than chasing immediate profits.
▪️Resilience: Markets can be unpredictable. A strong mindset helps traders stay focused after setbacks.
▪️Adaptability: Successful traders adapt their strategies to fit different market conditions instead of forcing trades.
🔸The Journey, Not the Destination
▪️The idea of "getting rich" in trading is often a trap that leads to rushed decisions and excessive risk-taking. Instead, embrace the process:
▪️Track your progress: Measure success in terms of skill improvement, not just profits.
▪️Celebrate small wins: These build confidence and keep you motivated for the long haul.
▪️Remember, trading is a craft—those who approach it with respect, patience, and consistent effort are the ones most likely to achieve sustainable success.
GBPUSD ShortLooking to potentially short GBPUSD from the supply zone above. Gonna be waiting for a lower timeframe CHOCH when price taps in and will look to ride it out to the equal structure lows
GBPUSD Swingers! Let's keep it simple.
A reversal is often needed for the trend to keep going. But, it's not a sure thing. However, the odds are in our favor. If not, the trend might break, leading to a new one.
So, who's ready to catch the next big wave? Let's wait for the setup to form. Don't rush. Let the price action tell us what to do. It's that easy!
PS: THERE IS NO LONG CONFIRMATION RECEIVED YET.
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! 😏
What I wish I knew when I started Trading1. Study and Trade One Pair Only
Focusing on a single currency pair can streamline your learning and help you master market dynamics.
🔸Choose a Pair: Start with major pairs like EUR/USD or USD/JPY. These have high liquidity and predictable patterns.
🔸Understand Its Behavior: Learn the fundamentals and technical characteristics of the pair, such as its volatility, reaction to news, and typical trading hours.
🔸Backtesting and Practice: Use historical data to understand how the pair moves under different market conditions.
2. Losses Are Part of Trading
No trader is immune to losses. Handling them effectively is crucial for long-term success.
Mindset:
🔸Accept Losses as Learning Opportunities: View losses as part of the cost of doing business, akin to inventory in retail.
🔸Detach Emotionally: Avoid the temptation to revenge trade or let losses affect your confidence.
Practical Strategies:
🔸Set Risk Parameters: Only risk 1-2% of your trading account per trade. This limits the damage of a losing streak.
🔸Use Stop Losses: Predetermine the point at which you will exit a trade if it goes against you. This protects you from devastating losses.
🔸Keep a Journal: Document each trade, including reasons for entering, outcomes, and what you learned. Over time, patterns will emerge to guide improvement.
3. Develop Discipline and Patience
🔸Stick to a Trading Plan: Define your entry, exit, and risk management strategies before trading.
🔸Trade Less, Win More: Focus on high-probability setups instead of trading excessively.
🔸Give Yourself Time: Mastery in Forex trading can take years. Trust the process and aim for consistent improvement.
4. Build Resilience to Handle Losses
Self-Care:
🔸Step away from the charts after a big loss to regain perspective.
🔸Engage in activities that reduce stress, like exercise or meditation.
Review and Improve:
🔸Evaluate losing trades to identify errors.
🔸Adjust your strategy if recurring issues are found.
🔸Focus on the Big Picture:
🔸Track your performance over months or years, not days. This helps put individual losses into perspective.
GBPCAD RE TESTINGThe potential downtrend in the GBP/CAD currency pair may be influenced by several critical factors. The Bank of Canada's relatively hawkish monetary stance, supported by strong economic data, contrasts with the Bank of England's cautious approach due to slowing UK economic growth. Declining global oil prices could limit the downside for the Canadian dollar, as Canada is a major oil exporter. On the technical side, GBP/CAD has recently tested key support levels, and failure to hold these levels may signal further bearish momentum.
EURCAD GONE !The EUR/CAD currency pair has recently shown an upward trend driven by divergent monetary policies, with the European Central Bank maintaining a hawkish stance while the Bank of Canada adopts a more cautious approach, increasing euro demand. Declines in oil prices have weakened the Canadian dollar, given Canada's reliance on oil exports. Technical indicators reveal breaches of key resistance levels, signaling sustained bullish momentum. Traders should monitor economic data, oil price trends, and central bank communications closely to adjust their strategies accordingly.
GBPUSD FREE FALLThe GBP/USD currency pair has recently exhibited a downward trend, driven by macroeconomic uncertainties such as geopolitical tensions and global growth concerns, leading investors to favor the U.S. dollar as a safe haven. Divergent monetary policies, with the Federal Reserve maintaining a hawkish stance and the Bank of England adopting a more cautious approach, have further pressured the pair. Technical indicators show breaches of key support levels like 1.2842, signaling a continuation of the bearish trend. Traders should closely monitor economic data and central bank communications to adapt their strategies.
GBPAUD Bulls on Watch – Key Pullback Zone in Focus!We’re closely monitoring GBPAUD for a potential bullish setup. Here’s the plan:
1️⃣ We’re waiting for price to break above the previous highs around 1.96400 and move into the pink highlighted area.
2️⃣ Once price reaches this region, we’ll wait for a pullback to validate our setup before considering an entry.
The pullback will help confirm buyer strength, providing a better risk-to-reward trade setup. Patience is key—we’re not chasing price. Instead, we’ll wait for price to come to us, letting the market validate the setup. Stay tuned as we circle back if price reaches this critical zone."
Mindset Tip:
"A disciplined trader doesn’t chase opportunities—they let the market come to them. Waiting for confirmation protects your capital and reinforces your edge."
GBPUSD Is Bullish! Long!
Take a look at our analysis for GBPUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.264.
The above observations make me that the market will inevitably achieve 1.276 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Pound GBPUSD Still in UpTend Here Is Support Channel hello friends as i can see GBPUSD retrace well as we send prediction in Channel u can check our chart in attachment a big move we caught easily with technical and fundamental skills GBP USD is not also at Weekly and Daily based support zone we can see a reversal to tup side Till Design levels this is just a trade idea share ur thoughts Stay Tuned for more updates
