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Gbpusdsetup

GBPUSD: Dollar steadies after falling overnight, nonfarm payrollThe dollar index and dollar index futures were both steady in Asian trading after falling 0.6% in overnight trading. Pressure on the USD comes from a strong yen, while Fed Chairman Jerome Powell reiterated that the bank will not raise interest rates further. However, the outlook for the dollar remains upbeat thanks to the prospect of a Fed rate cut being pushed back to at least the fourth quarter. The focus now turns to nonfarm payrolls data for April, released on Friday, for further signals on the economy and interest rates.
Long
by Chart_MasterPro
GBPUSD: UPDATE 11/04/2024Dear Traders, Hope you are doing great, we have an excellent buying opportunity. Yesterday price fell significantly mainly due to news came out in favour of USD, making usd the strongest currency against others. This brought huge selling volume in the market, leading our last GBPUSD idea to fail badly. The reason why we think price may rise due to so many gaps price has left behind. In our view price is likely to fill the liquidity void area before its next big move. If you like our idea then do consider liking and commenting.
Long
by Setupsfx_
7
GBPUSD BUY | Trading Analysis SetupHello Traders, here is the full analysis. The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
3
GBPUSD: Exploring Buy OpportunitiesCurrently, I'm observing a continuation of bullish institutional order flow , particularly towards the H1 Buy Stops , which serves as our Draw On Liquidity . Price action is positioned at a crucial juncture, resting upon a significant H1 Bullish Order Block , aligned with a reclaimed order block — an institutional support zone. In this scenario, I anticipate this area to serve as a stronghold as we persist in our pursuit of a bullish trajectory. Furthermore, below the current price action lies a compelling H4 Bullish Order Block, characterized by a Liquidity Void. Should price action gravitate towards this zone, I'll be vigilant for a confirmation entry, signaling potential buying opportunities. Stay tuned for further updates and analysis. Kind Regards, The_Architect
Long
by The_Archi-tect
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
GBPUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
GBPUSD Short Trading Opportunity Entry: Short position recommended upon retest of 1.25800 support-turned-resistance. Stop Loss: Place stop loss near 1.26200 to mitigate potential losses. Take Profit Targets: - TP-1 : 1.25390 - TP-2: 1.24980 Conclusion: Favorable short trading opportunity post-breakdown. Maintain disciplined risk management. Disclaimer: Trading forex carries high risk. Only invest what you can afford to lose. Past performance doesn't guarantee future results. Consult a financial advisor if unsure.
Short
by trading_jupiter