GBPUSD Push to the downsThe H4 H1 structure shows we are continuing trend down
With reversal structure and h1 breaking down some support
The target is at the lows
GBPUSD.1.CSM trade ideas
GBP/USD WANT SELL TREND GBP/USD Technical Analysis Update
Hey Traders! 👋
📉 GBP/USD has been repeatedly rejecting its resistance zone near 1.23550, indicating significant selling pressure. After several failed attempts to break higher, we are now seeing a strong move towards the downside, with a potential for a big drop from the current price level around 1.23035.
Technical Target: The next key level to watch is the psychological support at 1.20000. If the price continues to respect the bearish trend, this could be the next major target.
Resistance Zone: 1.23550
Support Zone: 1.22368
GBPUSD H4 | Setting Up for a Bearish Move?Based on the H4 chart analysis, we can observe that the price is pulling back toward our sell entry at 1.2370, which aligns with an overlap resistance level near the 38.2% Fibonacci retracement.
Our take profit is set at 1.2221, just above the 161.8% Fibonacci extension, where we expect strong support to form.
The stop loss is placed at 1.2482, which is a significant overlap resistance level and above the recent swing high.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Bearish drop for the Cable?The price is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level top our take profit.
Entry: 1.2371
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.2489
Why we like it:
There is a pullback resistance that is slightly below the 78.6% Fibonacci retracement.
Take profit: 1.2239
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Weak GBPUSD reflects surging UK borrowing costsThe GBPUSD has fallen to levels last seen in November 2023, driven by surging UK borrowing costs. The yield on the UK 10-year gilt has surged to its highest level since the 2008 global financial crisis.
Although U.S. tariff policy announcements have had some influence, the rise in UK bond yields is largely attributed to domestic factors. Conservative MPs have pointed to Chancellor Rachel Reeves’ budget as a trigger, whereas Labour MPs blame the previous Conservative government for creating the challenges that necessitated Reeves’ tax increases.
Rising inflation, reversing its earlier downward trend since October, has further weighed on market sentiment. The upcoming release of UK inflation and GDP data next week will provide further insights.
Technically, GBPUSD remains in a bearish channel, with momentum potentially favoring a drop towards the 1.2067 support level.
GBPUSD SELL PROJECTION GBPUSD is in a downtrend and as we know we are not suppose to trade against the trendline, price as has touched it twice which signifies a strong down trend , so retest to the zone and we go short
GBPUSD → Consolidation in the selling zone held by bearsFX:GBPUSD made an attempt to grow, but could not overcome the bears' pressure zone. The reasons for the growth are the dollar correction, which was short-lived. The main trend is not broken.
On D1 the price after breaking through the key support at 1.25 tested it already as resistance within the correction. A false breakout of resistance is formed and price consolidation in the selling zone. The sharp impulse was related to the dollar, which fell after Trump's comments on rumors related to his policy. The dollar returned to the upside creating another bout of pressure on GBP.
Technically, the main trend is bearish. The price is in the selling zone and bears are not ready to give up their positions.
The risk of trend change may come after the breakout of 1.26, but it is too early to talk about it...
Resistance levels: 1.2575, 1.26
Support levels: 1.2488, 1.2449
The price is trying to consolidate in the selling zone, which generally indicates which way the market intends to go. Bears are increasing pressure and if they keep the price below 1.2488 - 1.2449, we will see a fall in the short and medium term.
Regards R. Linda!
GBP/USD Descending Channel Dominates Bearish OutlookChart Analysis:
The GBP/USD pair continues to slide within a well-established descending channel, with bearish momentum intensifying as it tests key support levels.
1️⃣ Descending Channel:
The pair remains firmly within the red-shaded descending channel, reinforcing the dominant downtrend.
Price is approaching the lower boundary of the channel, a critical area to watch for potential rebounds or further breakdowns.
2️⃣ Key Support Levels:
Immediate support lies at 1.2290, currently being tested.
Further downside could target the next key support at 1.2037 if bearish pressure persists.
3️⃣ Moving Averages:
50-day SMA (blue): Trending downward at 1.2664, reflecting short-term bearish sentiment.
200-day SMA (red): Sloping lower at 1.2804, confirming a broader bearish trend.
4️⃣ Momentum Indicators:
RSI: At 32.8, nearing oversold conditions but still aligned with the downtrend.
MACD: Bearish momentum remains strong, with the MACD line deeply negative and extending lower.
What to Watch:
A break below 1.2290 could pave the way for a decline toward 1.2037.
Any corrective rallies within the channel may face resistance at the midline or upper boundary.
Oversold RSI levels could signal a temporary pullback, but momentum remains bearish.
GBP/USD remains under intense selling pressure as it trends lower within the descending channel. Traders should monitor key levels for potential breakout or continuation signals.
-MW
A SELL OPPORTUNITY EMERGES IN GBPUSD!!!Intraday sell opportunity emerges in GBPUSD as price falls below previous support of 1.23717 take advantage of it ahead of it! Stop loss at 1.26597 take profit at 1.20227
INTERESTING OPPORTUNITY EMERGES IN GBPUSD!Taking a deep dive into the technical structure of GBPUSD, one can deduce the prolonged fall in price over a period of time now. Currently, price trades at a crucial point where we’d experience a high volatility due to the present market conditions coupled with the upcoming Economic reports like NFP news that’s set to be released tomorrow. It’s important we approach the market with utmost caution as we may possible see price plummet lower to 1.20227
GBPUSD 15minStart now a good short trade to 1.2225...
Love Elliott is always the best.
Have a fun !!!!
EURUSD-Short TradePossible return area draw on chart. Confirm your trade with your confirmation strategy.
If you need my strategy, contact me.
GBPUSD is in the Selling Direction after breaking Support Hello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD - Corrective Phase followed by SHORT entryMarket has again broken consolidation phase and re-tested previous support level. RSI divergence is in synch and there is no bullish signal on 1H time frame. market is currently at 4H support level and seems like it will take corrective move till FIB level of 0.382 (which also coincides with drawn trend line). after Rejection from trend line and FIB 0.382 level it will continue for bearish trend and TP1 is LH and other TP is projected new TP-2 which is FIB Extension levels.
Trading GBPUSD and NZDUSD | Judas Swing Strategy 30-03/01/25The past week offered a subtle reminder that trading isn't always about pushing the buy or sell button. Sometimes, when market conditions are less predictable, it is advisable to sit back and concentrate on tape reading to allow market to reveal its intentions before engaging in trades. During the festive season and approaching the New Year, the market often exhibits erratic behaviour, making trading a bit difficult, and traders are often slaughtered under these conditions. Using the Judas Swing strategy, we scouted for trades during this period to evaluate how the strategy would perform under these conditions.
On Monday, we did not find any trading opportunities on the four currency pairs we were monitoring. Fortunately the next day, we saw a potential trading setup forming on GBPUSD which caught our attention. We saw a sweep of liquidity on the sell side, signalling potential buying opportunities on GBPUSD. This followed a break of structure to the buy side, that price leg also left behind a fair value gap (FVG). With these conditions aligning, all we need is a retrace into the FVG to fulfil the entry requirements on our checklist.
Twenty minutes later, we saw the retracement needed to enter the GBPUSD trade, triggered by the candle that closed within the FVG. We executed the trade with a 1% risk allocation from our trading account, aiming for a 2% return on this setup.
This trade barely showed any profit before hitting our stop loss within twenty five minutes, leaving us down by 1% for the day. Did losing that amount bother us? Not at all. We were fully comfortable with the risk we had allocated for the trade.
Wednesday didn’t present any trading opportunities, but on Thursday, we identified a promising setup on AUDUSD that we were eager to capitalize on. Once the price retraced into the FVG and all the requirements on our checklist were met, we executed the trade, risking 1% of our trading account with the goal of achieving a 2% return
The AUDUSD trade came within a few pips of hitting our take profit (TP) before reversing and going the other way. From our backtest data, we’ve observed that taking partial profits negatively impacts the strategy’s overall performance over time. Instead, allowing trades to play out fully either hitting the stop loss or the take profit has consistently delivered better results in the long run. While reviewing our data, we also noted that it’s not uncommon for trades to come very close to hitting TP, only to reverse and hit the stop loss. Although this doesn’t happen often, it’s a pattern we’ve seen before during our backtesting sessions, so it wasn’t surprising when it occurred here.
Taking a loss like this can be emotionally taxing, especially if you risked more than you could afford to lose or weren’t prepared for such scenarios due to a lack of backtesting. That’s why we can’t stress enough the importance of backtesting—it allows you to observe various scenarios in action and equips you to handle these situations more effectively.
Friday didn’t present any trading opportunities, leaving us down 2% on our trading account for the week. However, we’re okay with this outcome, knowing that one good trade can offset those losses.
DeGRAM | GBPUSD rebound from supportGBPUSD is under a descending channel between the trend lines.
The price is moving from the lower trend line, which previously acted as a rebound point, and the support level.
On the 1H Timeframe, the pair's indicators and chart indicate a bullish convergence formation.
We expect a rebound.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
GBPUSD is in the Selling Direction after breaking SupportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
LONG EUR/USDStacked SMT on EUR/USD
Target 1: Previous day high | cash out 50%
Target 2 : Previous weekly high | full tp
Move stoploss to breakeven after target 1
Sterling sliding, Fed worried about TrumpThe British pound is on a nasty slide and has lost 1.8% since Monday. In the European session, GBP/USD is currently trading at 1.2294, down 0.53%. Earlier, the pound fell as low as 1.2237 (1%), it lowest level since Nov. 2023.
The latest setback for the pound was Thursday's British Retail Consortium (BRC) Shop Price index, which came in at -1% in December, lower than the November reading of -0.4% and the market estimate of -0.6%. This was the lowest level since July 2021. This points to weaker consumer spending, a key engine of the economy.
The BRC has projected that food inflation will continue to accelerate, which will add to the squeeze that weary consumers are feeling from inflation and high interest rates. The UK government introduced a "tax and spend" budget last October but retailers have argued that this recipe will lead to retail job cuts and higher prices.
The Federal Reserve minutes of the December meeting, released on Wednesday, indicated that policy makers were concerned about the upside risk to inflation, particularly due to incoming President-elect Trump's potential trade and immigration policies. Trump has promised to slap punishing tariffs on US trade partners, including China. Trump has also called for mass deportations of illegal immigrants.
The minutes did not mention Trump by name but there was no doubt that Fed members had Trump in mind. Members noted their concern that inflation could rise due to "the likely effects of potential changes in trade and immigration policy".
Members also indicated that the Fed was "at or near the point" of slowing the pace of easing. After starting the easing cycle with a jumbo rate cut of 50 basis points, the Fed has delivered back-to-back cuts of 25 basis points. At the December meeting, the Fed lowered its rate forecast for 2025 to two cuts, down from four in the September forecast.
After the December meeting, the currency markets reacted sharply to the revised forecast and the US dollar shot up against the majors. The Fed again sounded hawkish in the minutes but this time the US dollar showed little movement against the majors, with the exception of GBP/USD.
GBP/USD is testing support at 1.2292. Below, there is support at 1.2220
1.2393 and 1.2465 are the next resistance lines
DeGRAM | GBPUSD downturn in the channelGBPUSD is in a descending channel below the trend lines.
The price is moving from the upper boundary of the channel and has already consolidated under the resistance level.
The chart maintains a descending structure on the small timeframes, while on the big timeframes an ascending structure is maintained and the indicators are forming a bullish convergence.
We expect a decline in the channel with the price holding under the 38.2% retracement level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
CSAK Attack: GBPUSD’s Downhill Adventure to Fibo Land!Last week’s candle dropped a CSAK bomb, and the Monthly TF just said, ‘Hold my beer’ with another CSAK! Looks like GBPUSD is strapping on its hiking boots—for a downhill trek straight to fibo 1.272 (1.23101). I’m hitting Sell faster than you can say ‘pip,’ and hoping this trade kicks off the year with more profit than a January gym membership plan. Let’s see how it rolls!
SL 1.27181
TP 1.23101
GBPUSD Six months viewHere i am sharing a six months view about GBPUSD. The actual trend is clearly bearish, and i expect a continuation to the downside for the next few weeks/months. The first area where i will look for a long entry is around 1.18250, where i see a good zone to buy aiming for 1.30. The risk reward ratio for this trade is pretty good. If the stoploss will be reached, i think we will see more moves to the downside, reaching a possible area to buy again at 1.09500
Recency Bias: Your Brain’s Worst Trade Idea Ever!Let’s face it: your brain is out to sabotage your trading, and recency bias is its weapon of choice. This sneaky psychological gremlin convinces you that your last few trades—good or bad—are all that matter. But spoiler alert: they’re not.
🎲 What is Recency Bias?
Recency bias is your brain’s tendency to overvalue recent events and ignore the bigger picture. Three wins in a row? You’re invincible, right? WRONG. Three losses? Time to ditch your strategy? ALSO WRONG. The market doesn’t care about your streak—it plays the long game, and so should you.
💀 How It Destroys You
1️⃣ Winning Streak Confidence: After a few wins, you start upping your risk like you’re Warren Buffet. Then BAM—one loss wipes you out.
2️⃣ Losing Streak Paralysis: A few losses, and suddenly you’re too scared to pull the trigger, even on solid setups.
3️⃣ Revenge Trading: The currency pair that burned you? Oh, you’ll “get it back,” right? Nope. You’ll just lose more.
🛡️ How to Beat It
1️⃣ Reset Daily: Clear your head before every session. Meditate, walk, scream into a pillow—whatever works.
2️⃣ Stick to Your Plan: Your strategy works because it’s tested, not because your emotions say so.
3️⃣ Journal Everything: Spot your patterns before they wreck you.
4️⃣ Manage Risk: Winning or losing streaks shouldn’t change your position size. Period.
5️⃣ Check Your Ego: The market isn’t out to get you. It doesn’t even know you exist.
🧠 Final Words
Recency bias is a sneaky little troll, but with self-awareness and discipline, you can shut it down. Remember: your last trade doesn’t define you—your consistency does.
Now stop letting your brain gaslight you and go trade like the pro you were meant to be. 🚀
