Get started

Gbpusdtrade

BOE rate event in a couple of hours, GBP/USD traders take noteHello everyone! With BOE rate event happening in a couple of hours, we could see some whipsaw moves in GBP/USD. Here are some key takeaways that will help you trade GBP/USD over the next few days 📌Around74% of the retail clients are net long which means institutions would ideally want to take the price lower. 📌A lot of liquidity is up for grabs below the 1.23 level where most of the retail Stop Losses are. 📌I do not recommend opening any positions now. However, if price rapidly drops near the 1.22 level following the BOE rate event, traders can consider taking a buy trade with prop risk management. 📌Over the course of the next few weeks, price could make a recovery to 1.26 or 1.27.
by MarcellusLUX
11
GBPUSD Technical Analysis and Trade IdeaIn this video, we undertake a comprehensive analysis of the GBP/USD currency pair, along with a discussion on a potential trading opportunity. Recent market dynamics have exerted substantial downward pressure on the GBP/USD, resulting in a notable decline leading up to the London open. Nevertheless, an intriguing prospect may be emerging as the price appears poised for a reversion to equilibrium before the New York Open.
Short
by fxtraderanthony
1
GBP/USD Trade Plan(Entry, SL and TP), time for pullback?Hello traders! GBP/USD is in a downtrend for more than two months now. However, that could change very soon. With FOMC coming up in a few hours, a trend change could be on the cards for GBP/USD and other USD pairs. 📌1.2310-1.2325 is the area that I would be looking at for potential reversals. 📌If the level holds and we can see some bullish impulsive candles forming at this level, we can consider buy trades. 📌 A buy entry in GBP/USD @1.2310-1/2325 with SL below 1.2260 and initial TP at 1.2610 would be my potential trade if GBP/USD doesn't break the 1.2310 key level.
by MarcellusLUX
3
GBPUSD I Pivot upward from weekly levelWelcome 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!
Long
by BKTradingAcademy
9
GBPUSD - Only short position ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a strong bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block for a potential short. Fundamental analysis: This week on Wednesday will be released Interest Rate on USD, followed by FOMC Press Conference, yearly CPI on GBP and on Thursday Interest Rate. Very important news, so pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
GBPUSD Technical Analysis and Trade IdeaThe GBPUSD has been experiencing sustained downward pressure, and I believe this trend is likely to persist in the foreseeable future. Nevertheless, there appears to be ample potential for a substantial retracement. Currently, we can see evident on the chart, a slight pullback, and I'm actively seeking an opportunity to capitalize on this retracement. In the video, we delved into the topics of the trend, price action, market structure, and various critical elements of technical analysis. As always, the video provides a clear and comprehensive explanation. Please note that it is intended solely for educational purposes and should not be interpreted as financial advice.
Short
by fxtraderanthony
GBPUSD - Short active ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price filled the imbalance and mitigated bearish order block. Fundamental analysis: This week on Wednesday will be released monthly GDP on GBP, as well monthly and yearly CPI on USD. Pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
GBPUSD: Analysis and ThoughtsToday's focus: GBPUSD Pattern – LH low test Support – 1.2456 Resistance – 1.2510 Thanks for checking out today’s update. Today, we have run over the GBPUSD, breaking down the overall price picture and levels and incorporating moving average and RSI into the analysis. The GBPUSD continues to push lower after yesterday’s session. Price created a new LH and has moved back down to a minor level of support and started to test that area today. Sellers could be looking at a new leg lower if they can clear that area with a firm close lower. The RSI has moved lower and remains below the 50 point. The moving average also backs up seller momentum with its current slope. If buyers can reject a push lower with a failed low, that’s a worry for seller strength. To show sellers are in control, we would like to see a new firm low and further selling, possibly testing 1.2365. Have a great day and good trading.
Short
by Eightcap
GBPUSDPrice have been in a bearish momentum for a while now. Although it is too early to say, price looks like it is forming a double bottom at this time and if that holds, we just might see a push up towards the 1.27500 area. But then again, it is too early to decide that as price could continue to push lower. Before I make a trading decision, either bullish or bearish, here is what I would love to see: I will go long IF AND ONLY IF Price breaks above the immediate resistance around the 1.25003 area and retests same zone. I will short the market IF AND ONLY IF Price breaks below the immediate support around the 1.24507 and retests same zone Until either one happens, we keep the fingers crossed and wait for the move. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
by Mbjoey