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GBPUSD.P trade ideas

GBP/USD 4-Hour Time Frame AnalysisGBP/USD 4-Hour Time Frame Analysis On the 4-hour timeframe, GBP/USD is in an uptrend, consistently forming higher highs (HH) and higher lows (HL). Recently, price broke above two minor key levels, now acting as support between 1.25600 and 1.26000. Following the breakout, price retraced below the first minor key level (1.25600) after breaking the second minor key (1.26000). This retracement suggests a liquidity grab, where market makers accumulate buy orders by targeting stop-losses placed below these levels. Currently, the price is positioned above the 1.26000 level, indicating potential continuation of the uptrend. If price confirms liquidity accumulation and breaks above the second minor key level again, we will wait for a 4-hour candle to close above 1.26000 for confirmation. Upon this confirmation, we will place a buy limit order at 1.26170, aligning with our risk parameters. Buy Limit Entry: 1.26170 (above key level) Stop Loss (SL): 1.25500 (below liquidity) Take Profit (TP): 1.27860 (next minor key resistance) Key Levels: Minor Support: 1.25600 (previously broken) Minor Support: 1.26000 (current key level) This plan aims to capitalize on the continuation of the bullish structure while maintaining disciplined risk management. Fundamental Analysis: In February 2025, several key developments influenced the GBP/USD exchange rate: Bank of England's Interest Rate Cut: The Bank of England (BoE) reduced its interest rate from 4.75% to 4.5%, aiming to support the economy amid a bleak outlook. This move contrasts with the Federal Reserve's decision to maintain steady rates, which led to a 0.9% decline in the pound against the U.S. dollar, bringing it to $1.238. Lower interest rates typically weaken the currency, but the recent technical recovery suggests buyers are stepping in, especially as liquidity zones are tested. Conclusion: Given the current uptrend structure and the fundamental backdrop, we anticipate further upside movement if the price confirms a break above 1.26000 on the 4-hour chart: Technical Confirmation: If the price closes above 1.26000, we will enter a buy limit at 1.26170. Risk Management: Our stop loss is set at 1.25500, while our take profit targets 1.27860. Fundamental Factors: Despite the BoE's rate cut, positive sentiment from trade policy developments and market reaction to liquidity zones suggests potential for a short-term bullish move. By combining technical confirmation with these fundamental insights, we maintain a buy bias with a carefully managed risk-reward strategy. 📌 Disclaimer: This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves risk, and you should conduct your own research before making any investment decisions. Past performance does not guarantee future results.
Long
by RebornFXTrader
Elliott Wave Analysis of GBP/USD 1. Market Structure Overview Motive & Corrective Waves: Wave (A) represents an impulsive 5-wave decline. Wave (B) is a corrective A-B-C structure, forming an expanding triangle. Wave (C) appears as an ending diagonal, terminating near the 61.8%-78.6% Fibonacci retracement level, signaling potential reversal Triangle in Wave (B) (1992-2007) suggests a prolonged consolidation. Wedge formation in Wave (C) indicates selling exhaustion, reinforcing reversal potential. 2. Current Market Outlook Reversal Potential: Price has reached a critical Fibonacci retracement support zone. Ending diagonal completion aligns with a potential bullish reversal. Bullish Projection: If confirmed, price could target 2.5000 or higher in the long term. 3. Trading Strategy Considerations Entry Strategy: Look for bullish confirmation near the retracement zone (e.g., bullish engulfing candle, RSI divergence). Risk Management: Place a stop-loss below 1.1000 to mitigate risks. Long-Term Target: 2.5000+ based on Elliott Wave projection. Pro.ALLY MUGABO
Long
by ElliotWaveUnite
British Pound / U.S. DollarHello Dear Traders Pound Analysis Based on the bullish analysis of DXY, I present to you the updated analysis for the Pound. The Pound chart has confirmed its bullish daily confirmation, and I expect the major daily ceiling, which is the main price target, to reach 1.34340 in the coming weeks. However, we have a long way to go until the price reaches our target. Currently, based on the bullish analysis of DXY, I have identified a suitable selling area in the 1-hour timeframe. Additionally, the minor 1-hour chart indicates a bullish trend. The Change of Character (CHoCH) has provided confirmation of a temporary correction in the 1-hour timeframe. Therefore, with this trend change, we can utilize this area of the Secret Order Block (1H) for entering a sell position. Again, in the selling area, a 5-minute confirmation can help us optimize our entry into the trade. First Support: 1.24866 1-Hour Liquidity: 123748 Potential Suitable Buying Area: 1.22928, which I will update once the price reaches this level. Wishing you all success! Fereydoon Bahrami A retail trader in the Wall Street Trading Centre (Forex) Risk Disclosure: Trading in the Forex market is risky due to high price volatility. This analysis is solely my personal opinion and should not be considered financial advice. Please do your own research. You are responsible for any profits or losses resulting from this analysis.
Short
by fereydoon1199
1
GBPUSD - Trade Plan for Today esterday, GBPUSD pulled back sharply and broke through key support levels. As I highlighted in my previous analysis, short positions were the preferred setup for those who followed. ▶️ Bullish scenario (morning setup) This morning, a long from the 1.2570 support could make sense for a short-term bounce, with a tight stop. ▶️ Bearish scenario (main focus) If 1.2570 fails, I will closely monitor the next key support at 1.2539. A confirmed break below would reinforce the bearish bias, making shorts the priority trade for the session. ⚠️ Overall, the broader trend remains fragile. Longs are only tactical at this stage — the primary bias remains bearish as long as GBPUSD trades below 1.2620.
Short
by Titan_Pips
GBPUSD - double bottom formation, recovery upGBP/USD news: 🔆GBP/USD edged higher on Tuesday, pushing Cable towards the upper range of its recent consolidation and maintaining support near the 200-day Exponential Moving Average (EMA). Meanwhile, US consumer sentiment declined in February, intensifying worries about an economic slowdown. Additionally, US President Donald Trump reiterated his plan to enforce hefty import tariffs, aiming to pressure the country's key trading partners amid ongoing trade war. Personal opinion: 🔆Sideways price zone, GBP is about to be pressured by the rising dollar, short-term price increase Technical analysis: 🔆H1 frame forms a double bottom pattern and recovers in the short term Plan: 🔆Price Zone Setup: 👉BUY GBP/USD 1.26500 – 1.26400 ❌SL: 1.26100 | ✅TP: 1.26800 – 1.27100 – 1.27500 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
GBPUSD: Rising within the uptrend channel!Dear traders! GBPUSD is currently moving within a clear ascending channel, maintaining its bullish trend on the 1-hourchart. Looking ahead, if the market conditions remain unchanged, we should consider buy positions in line with the trend. Pay close attention to the psychological resistance level at 1.2700, where GBPUSD may gain further momentum or break through to reach higher targets. Wishing you successful and enjoyable trading!
Long
by Trader_LinaScalping
GBP/USD - Technical Analysis & Market Sentiment📉 Bearish Bias ✅ Rejection at 4HR Resistance - Price failed to break above 1.27150, signaling selling pressure. (+2) ✅ Short-term Lower Highs - Market structure showing weakness with minor lower highs. (+1) ✅ Potential Breakdown of 1HR Support - If support at 1.26086 fails, further downside likely. (+1) 🔻 Total Bearish Score: 4 📰 Sources: Resistance & Price Action - XTB Market Structure & Bearish Signals - IFC Markets 📈 Bullish Bias ✅ 4HR Uptrend Still Holding - Price respecting the ascending trendline. (+2) ✅ Strong 1HR Support Zone - Buyers defending 1.26086 - 1.25640. (+2) ✅ Bullish Reversal Setup - If price forms a strong rejection at support, upside potential remains. (+1) 🔹 Total Bullish Score: 5 📰 Sources: Trendline & Support Zones - XTB Bullish Reversal Patterns - RoboForex 📊 Sentiment & Market Factors 📉 Stronger USD (- Bearish) - U.S. economic data supports USD strength. Source 📈 UK Inflation Concerns (+ Bullish) - Sticky inflation could keep GBP supported. Source 📈 BOE Rate Expectations (+ Bullish) - Bank of England remains cautious on rate cuts. Source 📌 Final Bias: Slightly Bullish (Score: 5 vs 4)
Long
by FaithdrivenTrades
GBPUSD Is Very Bullish! Buy! Take a look at our analysis for GBPUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.263. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.267 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1