Get started

Gbpusdtrade

Is there any hope for buyers in GBP/USD? (Key levels, entry, TP)Hello everyone, GBP/USD is on a continuous downtrend after hitting the highs on July 14. Since then, we have witnessed more than 70 days of downtrend. 📌Currently price is in the vicinity of 1.2120 Level. More than 75% of the retail traders are long on GBP/USD, which indicates that it could take a while before price reverses. 📌 The next key level lies in 1.18 . However, as per my analysis and intuition, price would pullback soon. 📌So, my recommendation is to wait for a reversal pattern to form in the hourly and 4Hour chart. Ideally, I would be looking for a reversal pattern followed by strong bullish impulse before going long. I expect price to reach 1.25 level within a couple of weeks.
by MarcellusLUX
9
GBPUSD Technical Analysis and Trade IdeaDelving into the GBPUSD currency pair's analysis, we observe a significant development: it has reached a crucial support level after experiencing a substantial bearish trend. At this juncture, it becomes apparent that the price is stretched, potentially signaling an impending retracement. As always, the video accompanying this description offers a comprehensive exploration of key factors, including price action, market structure, and various critical aspects of technical analysis. It is imperative to stress that the information shared in this content is exclusively for educational purposes. It should not, under any circumstances, be construed as financial advice. Therefore, it remains paramount to exercise diligent risk management strategies when participating in trading activities.
Short
by fxtraderanthony
4
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