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Gbpusdlong

Buy GBP/USD Triangle Breakout The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2796. Target Levels: 1st Resistance – 1.2835 2nd Resistance – 1.2858 Stop-Loss: To manage risk, place a stop-loss order below 1.2750. This helps limit potential losses if the price falls back unexpectedly. Opportunity Breakdown: Triangle Breakout: Price action recently broke above a bullish triangle, a continuation pattern suggesting further upside potential. Retest Confirmation: The price has retested the broken resistance line of the triangle and held, indicating strong buying pressure. This retest adds confidence to the breakout. Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud. Thank you.
Long
by KABHI_TA_TRADING
9
GBPUSD Bullish on a broader view1.5 years ago FX:GBPUSD Took a hit and dropped to its All time low at around 1.03 then it turned back around after that hit and since then it has been on a bullish run. On 6M 12M and 1M frames I can say that the bullish trend for the pair is still intact with targets at TP1 - 1.28800 TP2- 1.31100 TP3 - 1.36800 On the downside the exchange rate will stop at SL1- 1.23198 SL2- 1.21021 SL3 -1.18000 *******************************************************************************88 Do your own analysis and use hardstop order
Long
by alonso780
dollar Index to fall towards 101, 100Dollar index has been weak on recent weeks and this move is likely to continue. I expect XETR:DAX to continue falling towards it's previous support and resistance levels at around 102, 101 then 100 If this move happens then it is good news for pairs like FX:EURUSD and FX:GBPUSD as they are all set to drift north. Fundamentally news have been against the dollar recently. On monday 3rd we had US ISM Manufacturing figures which came lower than expected. Today 4thmay24 their is JOLTS Job opening report which is also expected to be lower and this will be a negative driver for $dax. Always do your own research before pulling and shots . Use a hard stop loss and good luck. Check my socials and follow for updates
TVC:DXYShort
by alonso780
GBPUSD I Potential pullback and more growth to the upsideWelcome 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!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
10
GBP/USD Longs from 1.2700 or 1.26700My bias for GU this week is for it to continue its bullish trend, expecting a retracement to an area of demand. I've marked two potential zones of interest: the 3-hour demand and the 10-hour demand just below it. Once the price reaches these levels, I expect it to accumulate and present a clean buying opportunity on the lower time frames. If the price doesn't form a correction and continues upward, I'll look to take sells from a supply zone near 1.27900 or slightly higher. Confluences for GU Buys are as follows: - Demand zone has caused a break of structure to the upside. - Lots of liquidity to the upside as well as that wick that needs to get filled. - Price is already been bullish so this is a pro trend trade. P.S. As of now I will be waiting to see which direction Price would like to go in and prepare myself from there. Have a great trading week guys! THANKS FOR 1K FOLLOWERS
Long
by Hassan_fx
GBPUSD: First green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range ✅ No cycle confirmed 2. SIGNAL DAY First Red Day First Green Day ✅ 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside ✅ Backside 4. THESIS: Long: primary, possibility to see this scenario of dump and pump to be completed by the end of the day, short traders are still in profit since Tuesday. I will be looking for a buy setup after the news release. Short: secondary, yesterday, after the LOW breakout, the market proceeded pumping back up, I do not exclude a retest into the LOW if a sell high opportunity will be identified, however, it will be my secondary option. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
Long
by GianniPichichero
4
GBPUSD Trading Plan - 30/May/2024Hello Traders, Hope you all are doing good!! I expect GU to go Up from the FS (For3xScalper) Box. If it starts to give correction here, then we can go further down to 1.27 level. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
3
GBPUSD I Bullish trend continuation Welcome 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!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
1
😵‍💫GBPUSD: No Clear Bias for me. Multitimeframe updateMost recently, we are "stuck" in this box-range with unclear, messy price action Given the fact I see bearish on HTF and bullish or messy on LTF, it's a contradiction so right now I don't have clear confluence for this market Overall on 15-60min. timeframes, we see recent bullish leg. Accumulation and reaccumulation models are pushing price higher, however price is often choppy and wicky, which makes it hard to trade, at least for me ☝️Do not act based on my analysis, do your own research!! Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions. ⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
by Yelli_trades
4
GBPUSDFor the operational paired GBP/USD recently received a buy signal after breaking above the 1. 2708 resistance level as it remains a vital signal of higher odds of a bull market persistence. This pair is pointing towards some more of the resistance level of nearly 1. 2780 The current intraday bias is up which has a support at 1. 2445 holds. However if the pair manages to move past the tops at 1.2708, it could strive to achieve higher rounds approximately 1. 2780. That is why the overview on the whole remains above the average, yet some mixed signs are observed temporarily due to the UK indicators. For instance, specific factors such as although wage increases are continuing to look solid, further increases in the unemployment rate may make a dent deeper. The position regarding future interest rate cuts will also be important for the British pound forecast and the pair’s future direction. Indeed, seeing that the overall trend remains bullish as long as the rate finds support at key junctures and remains above pivotal resistance levels, it should be stated that USDCHF has all the requirements in place to produce a sustained move to the upside. One relevant tip that traders should follow is that they should always pay attention to the data related to economic indicators and central bank announcements because these areas will have the strongest effect on market outlook and price action. It could be noted that the angle of the MACD, which indicates the current trend, and recent prices suggest that the GBP/USD will continue to rise, though investors should monitor future directions and major changes in the economy that might alter the course of the pair.
Long
by TFXBR
DXY (Dollar) Intra Day/Week Play - 27/05/2024On the monthly we can see that the dollar is on aan upward trend after breaking outu of it's previous range at 88.528 which has now become a key level of support. We have seen this extention continue to levels 113.016 and then returned back to create a range between 101.421 (lows) and 107.424 (highs) Price action is suggested to continue ranging to complete distributiob before heading to the downside to test the POC levels of 99.885 and possibly even further to 94.510 to test the bullish order block which has yet to be mitigated before continuing back on the upward trend. On the Weekly we can get a clearer picture of this range and noticeably see that supply side liquidity at 106.726 has been swept which futher confirms our assumption that price will continie to the downside to the POC levels at 99.955 On the 4 hour we are able to get an even cleared picture with some assumptions being made that will test the 105.051 levels to form a bearish head and shoulders pattern and then heading down to test support level of 104.043 as part of a change of character, only to retract back to retest previous support at 104.380 and continue to he downside to reach our POI at 102.517. Taking all these price movements into consideration it is very likely that we'll see the greenback test all these levels to head back int the demand zone area of 100.500 - 102.000 over the coming week. Let me know what you guys think. Hope you have a great week ahead. Happy Trading.
TVC:DXY
by FXCapitalClub