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Gbpusd1hr

GBP/USD: The weight of evidence approachThere are always reasons not to take a trade. You have to take a 'weight of evidence' approach - and you'll still often be wrong ;) The idea: Trade GBP/USD short on a daily close below critical support. Looking for 2:1 RR Reasons for: Trend is lower (falling fractals / price below the 50 DMA) Momentum is to the downside (MACD below zero) If the break holds, then long term trend has turned to a downtrend, adding more force to the short term downtrend. Reasons against: Already had a big move lower Longer term trend has been up - this maybe an exaggerated pullback. The nice thing about trading, you don't have to stay wrong. If this breakdown trade fails - it tells us the market has strength. So then we can wait to trade a break above resistance or a fractal
Short
by jasperlawler
GBPUSDGBPUSD . Potential long opportunity. We believe that GBPUSD could continue to the upside after coming down to our PBA (Pull Back Area). Our entry is sitting at the pullback area at 1.33223 . We are looking for breaks of 1.33493 and 1.33813 which would confirm our target 1.34228 where our TP is sitting at (top of the consolidation area) . Our SL is sitting at 1.32712 and if broken, it would result in deeper pullbacks down to 1.32600 - 1.32200. On the other hand, we might make the most out of it by trading the break below to the targhets mentioned above. Stay adaptive! PARAMETERS - Entry: 1.33223 - SL: 1.32712 - TP: 1.34228 KEY NOTES - GBPUSD has fallen to our PBA. - Break above 1.33493 and 1.33813 would confirm higher highs. - Break below our SL would result in deeper pullbacks. - We are moving in a consolidation Happy trading! FxPocket
Long
by FxPocket
Gbpusd GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. On the upside, GBP/USD could stage a recovery if it manages to stabilize above 1.2590/1.2600 (200-day SMA, psychological level). 1.2640 (100-day SMA) and 1.2670-1.2680 (Fibonacci 61.8% retracement of the latest uptrend, 200-period SMA on the 1-hour chart, 50-day SMA) could be seen as next hurdles. GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next. GBP USD buy confirm signal
Short
by JohnHarry_7
Gbpusd Will Make Huge Move In BuyGold price (XAU/USD) retreats after hitting a fresh record high earlier this Thursday and trades just above the $2,200 round-figure mark during the first half of the European session, still up for the second straight day. The prevalent risk-on environment – as depicted by a generally positive tone around the equity markets – prompts some profit-taking around the safe-haven precious metal. Apart from this, a modest uptick in the US Treasury bond yields turns out to be another factor undermining the commodity amid slightly overbought conditions on short-term charts.
Short
by Forex_Master-
Will the pound continue to fall? Pound Sterling: On Monday and Tuesday, all the ideas were sideways and short; the pound was short above and below 1.2730 yesterday, falling around 1.2670, with a profit of 70 basis points, and a profit of 7 US dollars, which is not bad; Today's market: 1: In the daily K, it is also the support of the middle track for the time being, and it is difficult to judge for the time being; the stochastic indicator is dead cross downward. If it is covered, the price will rebound and move upward; so the differentiation here It is the same as the euro; but from the perspective of indicators, it is recommended to choose to follow the indicator's dead cross processing; in 2:4 hours, it is temporarily rebounding upward; the pressure position is near 1.2740; To sum up: today's short-term pound continues to follow the position of 1.2720-1.2740, short-term short-term treatment, the game runs downward; followed by the pressure position around 1.2790;
Short
by Crazy_money_making_signals
GBPUSD 1H : Supports further declineGBPUSD OUTLOOK The pound sterling pair against the dollar shows more bearish tendency to gradually approach our new expected target at 1.2200, and we expect negative trading to continue to achieve additional targets that reach the 1.2135 areas. The descending channel supports the price to decline further, which is organized within the descending channel shown in the image, taking into account that breaching 1.2310 will stop the downward trend and push the price to make some upward intraday correction. The expect range trading for today it will be between resistance line 1.2310 and support line 1.2200 until stabilized . Support line : 1.2200 , 1.2135 Resistance line : 1.2310 , 1.2370 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
2
GBPUSD LONG TERM BUY IDEAHello 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
Long
by ForexPlanet20
BluetonaFX - GBPUSD Double Bottom Opportunity Hi Traders! There is a potential double bottom pattern forming here on the GBPUSD 1H chart. GBPUSD has had bearish momentum over the past 24 hours, and that momentum looks to have slowed down. A possible reason for this is that the market is near the 1.26909 support level, which we have highlighted on the chart. For the double bottom to form, this level must hold. There was a big price rejection yesterday at 1.28436, which we have highlighted on the chart. From looking at the price action, there was a lot of volatility during that moment, so the traders may want to test that area again. If the 1.26909 support level does not hold and there is a break below the level, the double bottom will fail, and we will look for further opportunities on the downside. This is a good risk-reward trade, as there is a lot of upside potential if entry is near the 1.26909 area. Please do not forget to like, comment and follow. Thank you for your support. BluetonaFX
by BluetonaFX
4
Long GBPUSD, target 1.240 GBPUSD is currently testing support around 1.231, once the support is confirmed to be valid, it will rise to around 1.240. So today we will focus on the support around 1.231. When the support is confirmed to be valid, we can go long, and the target is around 1.240-1.244. I released the trading strategies of EURUSD and GBPUSD today, and I will continue to publish gold, BTC, etc. later. If you are trading them, you can follow me, if you have any questions, you can tell me, and I will help you answer them.
Long
by EagleEyeStrategy