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GBPUSD.1.CSM trade ideas

Another look at US GDP | FX ResearchThe US dollar is mildly bid into the North American session as it continues to generate interest from the Trump trade tension. We believe most of this is more negotiation tactic than anything else, though for the time being, the unpredictability is impacting the currency market. US equities have done a better job dealing with all of this, with equity futures pointing notably higher. UK PM Starmer is in Washington today and is expected to attempt to secure support for Ukraine. The yen has been a standout loser on the day, with much of the selling attributed to reports showing long yen positioning as overextended. The Australian dollar has come under some pressure after another round of softer economic data. Looking ahead, we get a second and more in-depth look at US GDP along with durable goods, initial jobless claims, and pending home sales. We also get Canada’s current account, Canada weekly earnings, ECB minutes, and a round of Fed speak.
by BlackBull_Markets
GBP/USD Short-Lived Bullish Momentum with a Bearish BiasThe GPBUSD are showing mixed signs across times frames 5min, 15m and 4H but suggests that bullish momentum will be short-lived as price approaches 1.2700. UK economic data has not been the best this week, as car registration data continues to show weakness leading me to believe that consumers are hesitant for bigger purchases. In the bigger picture of things we would likely see slowdowns in key market segments to follow which will pressure the pound over the medium term. Trade Ideas Bullish Trade Idea Entry: Buy on breakout above 1.2700 with strong volume confirmation. Stop-Loss: Below recent structure of 1.2670 Target TP1: 1.2730 short-term resistance Target TP2: 1.2750 key area of interest Risk to Reward: ~1:2 Bearish Trade Idea Entry: Sell on rejection from 1.2700 - 1.2710 Stop-Loss: Above structure high of 1.2715 Target TP1: 1.2625 intraday support Target TP2: 1.2600 psychological level Risk to Reward: ~1:2 From a macro perspective I do favour a bearish trade set-up due to the U.S economic data looking a bit robust, however tariff uncertainty will play against traders in the near to medium term. Because of this I would look for a breakdown of price action if price does not reach near term resistance. Entry Point: GBP/USD breaks below the 1.2650 support level Stop-Loss: slightly above 1.2670 Target TP1: 1.2625 Target TP2: 1.2600
Short
by Shiven_80eight
GBP/USD: Flat Wave 2 Sets Stage—Will Wave 4 Zigzag or Triangle?Hello fellow traders! Dive in to explore our quick take on GBP/USD’s Elliott Wave action—happy trading! Wave 1 & Wave 2 The initial leg up (Wave 1) established the start of an impulse. Wave 2 appears to have formed a flat correction—a relatively sideways pattern characterized by three sub-waves (A-B-C), where Wave B can sometimes move slightly beyond the start of Wave A. The flat structure in Wave 2 set the stage for a strong Wave 3 advance. Wave 3 Typically the most powerful and extended wave in an impulse, Wave 3 pushed prices higher in a clear, sustained trend. Fibonacci extensions often confirm Wave 3’s prominence, with price sometimes reaching 161.8% or more of Wave 1. Wave 4 Following Wave 3, a corrective Wave 4 is unfolding. Because Wave 2 was a flat, the principle of alternation suggests Wave 4 could take a different shape, such as a zigzag (A-B-C) or a triangle. Currently, the structure hints at a zigzag (a more vertical three-wave pattern), but there’s also a possibility of a triangle if price consolidates in converging trendlines. Wave 4 triangles are fairly common, especially when they alternate with a flat in Wave 2. Potential Outcomes for Wave 4 Zigzag Completion: If the corrective phase remains a zigzag, we’d look for a clearer three-wave structure (A-B-C) to complete near typical retracement levels (e.g., 38.2% or 23.6% of Wave 3). Triangle Formation: If the market continues to range and create overlapping waves, watch for lower highs and higher lows converging into a triangle. This pattern could prolong Wave 4’s duration before the final Wave 5 upswing begins. Wave 5 Outlook After Wave 4 concludes, look for Wave 5 to emerge. Targets often use Fibonacci projections—e.g., measuring Wave 5 against the length of Wave 1 or against the net distance of Waves 1+3. A common extension is the 61.8% or 100% projection of (Wave 1 + Wave 3), which can help identify potential price levels for Wave 5’s completion. Key Takeaways The broader picture shows an impulsive five-wave move in progress. Wave 2 being flat suggests Wave 4 is likely to be a different pattern (zigzag or triangle), aligning with the principle of alternation. If Wave 4 forms a triangle, it may extend the corrective phase, but the ensuing Wave 5 rally often emerges strongly once the triangle completes. Monitoring Fibonacci retracements and extensions will be crucial to pinpoint likely support for Wave 4 and resistance targets for Wave 5. As always, monitor price action and confirm the wave structure with technical indicators or additional confluence before taking a trading position.
Long
by TheSignalService
GBP/USD Market Analysis: Trading Plan for Feb 27, 2025👋 Today, we’re diving into the OANDA:GBPUSD market to uncover key price levels and potential trade setups. Whether you're a price action trader or an indicator-based trader, this analysis will provide you with a clear plan for the session ahead. Let’s get started! 🚀 📊 Market Overview & Current Session Date: February 27, 2025 Current Trading Session: London Session (European session 🇪🇺) – High liquidity and volatility expected! Chart Timeframe: 1H (Hourly) Major Indicators: EMA 34 (gray), EMA 89 (yellow), EMA 200 (red) At the time of writing, GBP/USD is trading around 1.2670, consolidating after a recent bullish push. Price is currently testing the 34 EMA, while the 89 EMA (yellow) is acting as dynamic support around 1.2653. 🔥 Key Technical Levels to Watch 📍 Resistance Zones: 1.2700 - 1.2720: Strong supply zone, sellers may step in here. 1.2750: Psychological resistance level. 📍 Support Zones: 1.2650 - 1.2630: Buyers are likely to defend this area (aligned with the 89 EMA). 1.2620: Key support level; a break below could trigger further downside. 📈 Trade Setups & Recommendations 📌 Bullish Scenario (Buy Setup) If GBP/USD holds above 1.2650 and forms a bullish structure, consider entering long positions: ✅ Entry: 1.2660 - 1.2670 (on bullish confirmation) 🎯 Target (TP): 1.2700, 1.2720 🛑 Stop Loss (SL): 1.2635 💡 Confirmation: Look for bullish candlestick patterns (pin bar, engulfing) at the support zone before entering. 📌 Bearish Scenario (Sell Setup) If GBP/USD breaks 1.2650 and shows bearish momentum, a short opportunity may arise: ✅ Entry: 1.2640 - 1.2650 (on bearish confirmation) 🎯 Target (TP): 1.2620, 1.2600 🛑 Stop Loss (SL): 1.2675 💡 Confirmation: Look for price rejection at 1.2650 and a bearish candlestick close before shorting. 📢 Final Thoughts The London session is in full swing, so expect increased volatility. EMA alignment suggests an overall bullish bias, but a break below 1.2650 could flip the trend. Always wait for confirmation before entering a trade – price action is king! 👑 📌 Follow Fuinvest for daily market insights & passive income strategies! Let's navigate the market together and capitalize on high-probability setups. 💰🚀
by fuinvest
GBP/USD Trading Outlook – Observation Mode TodayToday, we have the ECB meeting along with several early-morning economic announcements from China. I anticipate a potential breakout of either the 1.2700 resistance or the 1.2615 support by the end of the day. Given the market’s reaction to economic news, I'll be mostly in observation mode today, with limited trading activity. Yesterday, I followed my observations, leading to a successful trade. Let’s see how the market reacts!
by Titan_Pips
GBP/USD update analysis February 27 To analyze the probability of a trade setup based on your GBP/USD chart, I will break it down into key factors: **Market Structure & Bias** 1. **Break of Structure (BOS):** Indicates a shift in market structure. 2. **Change of Character (CHOCH):** Points to potential reversals or liquidity grabs. 3. **Liquidity Zones:** - **Equal Highs (EQH):** Liquidity pools above resistance areas. - **Discount Zones:** Price is at a discounted level where institutional buying might occur. 4. **Premium vs. Discount:** - The price is near **equilibrium** and in the **discount zone**, suggesting potential bullish movement. **Trade Probability Assessment** **Bullish Scenario** - **Entry Zone:** The price is approaching the **discount zone** and previous support areas. - **Confirmation:** If a bullish engulfing or market structure shift occurs, a buy setup is valid. - **Probability:** **~65% Bullish** if price finds support in the discount zone and breaks short-term highs. **Bearish Scenario** - **Entry Zone:** If price breaks the current equilibrium and premium rejection holds. - **Confirmation:** If a lower high forms under the premium zone and price sweeps previous lows. - **Probability:** **~35% Bearish** unless a strong breakout invalidates bullish confirmation. **Final Probability Estimate** - **Bullish:** **65%** (Buy Setup) - **Bearish:** **35%** (Sell Setup)
Long
by wizzywise1
GBPUSD Week 9 Swing Zone/LevelsLast week saw a few pinched pips and also few losses. This highlights the benefit of having a good risk to reward ratio. Weekly zone and levels are mapped based on previous week daily high-low relationship (ie Monday HL in relation to Tuesday in relation to Wednesday HL, etc). This generates a fairly accurate levels with actual price action determining trades. SL, stoploss is usually btw 10-15pips TP, Takeprofit is 5-10x that, with sl moving to BE, breakeven once trade pinches +20pips.
Short
by PinchPips
The Day Ahead 26th Feb ‘25Wednesday February 26 Data: US January new home sales, Germany March GfK consumer confidence, France February consumer confidence, Australia January CPI Central banks: Fed's Barkin and Bostic speak, BoE's Dhingra speaks Earnings: Nvidia, Salesforce, Deutsche Telekom, TJX, AB InBev, Synopsys, CRH, Snowflake, Stellantis, E.ON, Novonesis, TKO, Paramount Global Auctions: US 2-yr FRN, 7-yr Notes This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPUSD UpdateGBPUSD currently moving in a range between strong supply and demand zone (1.26200 to 1.26730). we can go for high probability setup after break of zone. Now see if it goes to break the resistance area (1.26730 to 1.26910) then we can go for buy trade on retesting and market structure shift. our next target will be (1.27280) and above liquidity. And if it goes down and break the demand zone which is (1.26200) then we can go for sell till next demand zone or liquidity. Do follow us to get notified of new publication. Hit like and leave a comment if you find that setup profitable.
by GOLD-CONQUERORS
Fundamental Market Analysis for February 26, 2025 GBPUSDOn Tuesday, the GBP/USD pair experienced a slight rebound, allowing the cable to retrace to the upper boundary of the short-term consolidation and hold bid near the 200-day exponential moving average (EMA).US consumer sentiment declined in February, adding to concerns of slowing economic growth, with US President Donald Trump reiterating his intention to impose stiff import taxes on his citizens as a trade war threat against the US's closest trading partners. Despite weakening consumer sentiment, driven mainly by concerns over President Trump's tariff packages, the cable markets remained positive on Tuesday.Despite a new round of attempts by President Trump to start a trade war, markets continue to believe that the US President will find a reason to put aside his own tariff threats at the 11th hour. The data calendar for the US and UK has relatively few items scheduled for Wednesday, although the market is anticipating the release of the US Gross Domestic Product (GDP) on Thursday. Friday will conclude the week with the release of updated US Personal Consumption Expenditure (PCE) inflation data, a key indicator that investors hope will show that the recent rise in the core Consumer Price Index (CPI) has not affected core inflation. Trading recommendation: BUY 1.26500, SL 1.26000, TP 1.27300
Long
by Fresh-Forexcast2004
GBP/USD Approaching Key Reversal ZoneThe GBP/USD pair has reached a critical resistance area around 1.2658, aligning with the 1.13 Fibonacci extension level of the harmonic Gartley pattern. The price action suggests potential exhaustion in the bullish trend, with signs of rejection near this level. A confirmed reversal could lead to a corrective move towards key support zones at 1.2456 and 1.2320. However, if the pair sustains above 1.2685, further upside towards 1.2732 and the HOP level at 1.2843 remains possible.
Short
by BeaucoupPips