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Gbpusdforecast

GBPUSD Trade Idea - Important Points To ConsiderIn the video, we analyse a potential trading opportunity for the GBPUSD. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. Additionally, I discuss my risk management strategy. Traders who lack a robust risk management plan expose themselves to significant risk and often encounter negative trading outcomes. It is crucial to incorporate sound risk management principles into your trading strategy. As always, please be aware that this information is strictly for educational purposes and should not be construed as financial advice.
Short
by fxtraderanthony
GBP/USD short term longs to shorts 1.26000 back up to 1.27200I am currently holding a bearish view on GU, and I'm patiently waiting for a deeper pullback toward the primary supply zone. However, there's a nearby 1hr demand zone where we might witness a bullish reaction. If this zone fails, which is possible given the ample liquidity below, there's also a deeper demand zone just beneath it. We need to wait patiently to see how price behaves. If price continues to rise, reaching the Asian high and trend line, it would strengthen my bearish bias and provide additional confluence for potential sells. Conversely, if price declines further, I'll be on the lookout for Wyckoff accumulation to unfold in either of the demand zones. Confluences for GU short term buys are as follows: - Price left lots of liquidity to the upside as well as an asian high that needs to get taken - There is two 1hr demand zones that could initiate the expected pullback yet to come. - For my sell bias to come into play, price must rally up which hasn't happened yet. - Imbalances are left above that need to get filled. P.S. If price continues to decline, I'll wait for a new supply zone to form and then consider selling from that point. Ultimately, the majority of liquidity remains situated below, influencing this decision.
Long
by Hassan_fx
GBP/USD Shorts from 1.27200 back downMy bias for GU is downward, expecting a minor retracement before a continuation of the downtrend. Currently, I'm monitoring for price to rise and reach the newly identified supply levels, particularly focusing on the 20-hour supply zone for its high quality. Observing the reaction at the first 4-hour supply, I anticipate a possible minor reaction, though I foresee it ultimately failing due to the presence of an Asian high above. Once price reaches the 20-hour supply area, I'll be watching for signs of a Wyckoff distribution pattern to form, signaling a potential opportunity to sell back down. Confluences for GU Sells are as follows: - Price broke structure the downside and left a clean 20hr supply zone. - Imbalances that needs to b filled before tapping into the supply. - Lots of liquidity below in the form of asian lows. - Price is overall bearish on the higher time frame. - I can see the dollar to rising more to the upside. P.S. While I anticipate further price drops, it's improbable without addressing the imbalances and supply levels above before further downward movement occurs. Have a great trading week!
Short
by Hassan_fx
1
GBPUSD I Daily bias is now short as the bullish trend was brokenWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
2
Swing trade short for GBP/USDGBP/USD makes for a really interesting short setup. It saw a strong rally and eventual false break / mini blow off top above the December high, before a sharp reversal lower on Monday. It fell back beneath the December high, and a rising wedge (bearish reversal during a down move) stalled at the 50% retracement level, just beneath the December high. - The wedge projects a pattern around the 1.2723 low, making it a minimum price objective for bears. - Also note the 61.8% Fib projection sits right on the high-volume node ~1.2723, making it another potential target for bears.
Short
by CityIndex
Are you ready to ride this? More than 3,000 pips { 21/03/2024}Educational Analysis says GBPUSD may move in this range for some time according to my technical. Broker - FXCM This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because the market is in an uptrend on 4 hour zoom out time frame, the market tried to put fake Change of Character duping the traders for a while. But now we can go long from this zone marked out with risk to reward ratio tool. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
Long
by VishalBudhrani
6
GBP/USD Longs from 1.27000 back up towards 1.28000I anticipate price heading towards the demand area first. So, early in the week, there might be a potential buying opportunity around the 1.27000 region, where the 9-hour demand is located. However, I'll exercise caution due to the presence of an Asian low, ensuring I don't enter too early. Ideally, I'd prefer to see the Asian low swept and the 3-hour demand mitigated, which sits just below. As price approaches the buy zone, the validity of buys becomes more apparent. However, if we witness a strong bullish reaction, we might see the imbalance below the 7-hour supply zone filled. In such a scenario, I'll then be on the lookout for short positions, considering that price has displayed a clear shift to the downside. Confluences for GU Buys are as follows: - Recent trend was bullish this downward movement could be just a retracement. - Nice demand zones left that has caused a recent break of structure to the upside. - Lots of liquidity to the upside as well as an imbalance that needs to get filled in. - DXY also approaching a near buy supply so the idea makes sense if the dollar goes down. P.S. Despite the shift in price direction to the downside, I'll focus on what's near the current price. Currently, the 9-hour demand zone is nearby, so I'll be considering buying opportunities to move back up. Have a great trading week guys and watch out for FOMC Wednesday!
Long
by Hassan_fx
1
GBPUSD M30 / Short Trade Signal ✅💡Hello Traders! This is my idea related to GBPUSD M30. The price is currently in the supply area, and I expect it to go bearish from this zone. I will wait for a trade confirmation before executing this trade. When I see a small retracement from the OB, I expect another retracement before going bearish. I expect to take the BOSS at the price of 1.27450. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
GBPUSD Analysis on Weekly Time Frame GBPUSD: Breakout from Converging Triangle Signals New Trend The GBPUSD pair has recently broken out of a converging triangle pattern on the weekly chart, indicating a potential new trend direction. This technical formation, often seen as a continuation pattern, suggests a significant move following a period of consolidation. Key Observations: Pattern Formation: The converging triangle is characterized by price movements between two converging trendlines, leading to a breakout. Breakout Direction : The direction of the breakout from the triangle often indicates the trend’s next move. Volume: A breakout accompanied by high volume can provide further confirmation of the pattern’s reliability. Trade Strategy: Entry Point: Consider entering a position in the direction of the breakout. Stop Loss: Place a stop loss just outside the opposite side of the triangle to protect against false breakouts. Take Profit: The projected price move can be estimated by the height of the triangle at its widest part, applied from the breakout point. Risk Management: Confirmation: Wait for additional confirmation signals such as a candlestick close outside the triangle or increased volume. Market Factors: Stay updated with economic news and events that could affect the currency pair’s movement. Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management. This trade idea is based on the breakout of a converging triangle pattern, which is a common occurrence in technical analysis and often leads to significant price moves. It’s important to monitor the pair closely following the breakout for signs of trend continuation or reversal. Happy trading!
Long
by itmecrypomania
GBPUSD | Perspective for the new week | Follow-upOn Friday, GBP/USD saw a modest rebound post-testing 1.2600. The US Dollar is struggling to maintain its strength following the release of weaker-than-expected ISM Manufacturing PMI data from the US. February's US ISM Manufacturing PMI dropped to 47.8, contrary to the anticipated rise to 49.5 from the previous month's 49.1. The diminishing PMI sentiment is fueling expectations for potential rate cuts by the Fed. These expectations are further reinforced by the Fed's recent Monetary Policy Report, where they reiterated their belief that inflation is gradually moving towards the upper end of the 2% target band. While economic data from the UK remains scarce this week and the next, focus will shift to the US labor data next week. The upcoming week will feature the Services component of the ISM PMI figures on Tuesday, a preview of the ADP Employment Change for February on Wednesday, and will culminate with the release of the US Nonfarm Payrolls (NFP) report at the end of the week. GBPUSD Technical Analysis: Will the pound continue its trajectory and sustain its momentum above the $1.26700 zone? The spotlight is on high-impact economic events from the US docket for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. We are keeping a close eye on the potential range between $1.26000 and $1.27000 where a breakdown or breakdown could incite the next BIG move. It's a decisive structure where both sellers and buyers will be vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
1