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British Pound vs US Dollar

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GBPUSD.P trade ideas

Entry 1.24000 Target 1.23500It looks like you're setting up a sell trade on the GBP/USD pair, also known as the Cable. Here are the details: _Sell Trade_ - _Entry:_ 1.24000 - _Target:_ 1.23500 This means you're looking to short the GBP/USD pair at 1.24000, with a target profit of 50 pips at 1.23500. Please keep in mind that you should also set a stop loss to limit potential losses. What's your stop loss level for this trade? Additionally, what's your analysis behind this trade? Are you looking at any specific technical or fundamental factors that suggest a potential downturn in the GBP/USD pair?
Short
by Ak_GoldTrader
GBPUSD Is Very Bearish! Short! Here is our detailed technical review for GBPUSD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.244. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.237 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPUSDHello Traders! 👋 What are your thoughts on GBPUSD? In the GBPUSD chart, it is observed that after breaking the support zone, the price is currently in a correction phase and pulling back towards the broken zone. Considering the price structure and the descending trendline, it is expected that after reaching the identified resistance area, the price will resume its downward movement and target lower levels. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
16
Fundamental Market Analysis for January 9, 2024 GBPUSDNo meaningful economic data from the UK, which is a recurring theme for the first full trading week of 2025. Cable traders will continue to be affected by flows in and out of the US Dollar in the broad market as traders prepare for a hectic end to the week. On Thursday, traders can expect a slew of speeches from Federal Reserve (Fed) policymakers as well as the Challenger jobs cut for December, which will be the final blow to preliminary Nonfarm Payrolls (NFP) data before Friday's big labor data release. On Wednesday, ADP's Employment Change report pointed to a slower pace of hiring than expected in December, with a total of 122k jobs created compared to the expected 140k and November's 146k. In addition, ADP's payroll data showed the slowest growth since mid-2021. On the same day, minutes from the Federal Reserve's most recent meeting showed that policymakers may be more concerned about President Donald Trump's proposed tariffs than previously thought. Over the past few weeks, Fed officials have downplayed the possible impact of immigration and trade policies on their decisions, but the latest policy meeting featured four discussions of significant changes to U.S. policy that could have a profound impact on central banks. In addition, Fed members agreed that it is time to slow the pace of rate cuts, emphasizing that policy uncertainty plays a critical role in lowering their expectations for fewer rate cuts in 2025 than the market had previously anticipated. Trading recommendation: Trade predominantly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Fundamental Market Analysis for January 09, 2025 GBPUSDNo meaningful economic data from the UK, which is a recurring theme for the first full trading week of 2025. Cable traders will continue to be affected by flows in and out of the US Dollar in the broad market as traders prepare for a hectic end to the week. On Thursday, traders can expect a slew of speeches from Federal Reserve (Fed) policymakers as well as the Challenger jobs cut for December, which will be the final blow to preliminary Nonfarm Payrolls (NFP) data before Friday's big labor data release. On Wednesday, ADP's Employment Change report pointed to a slower pace of hiring than expected in December, with a total of 122k jobs created compared to the expected 140k and November's 146k. In addition, ADP's payroll data showed the slowest growth since mid-2021. On the same day, minutes from the Federal Reserve's most recent meeting showed that policymakers may be more concerned about President Donald Trump's proposed tariffs than previously thought. Over the past few weeks, Fed officials have downplayed the possible impact of immigration and trade policies on their decisions, but the latest policy meeting featured four discussions of significant changes to U.S. policy that could have a profound impact on central banks. In addition, Fed members agreed that it is time to slow the pace of rate cuts, emphasizing that policy uncertainty plays a critical role in lowering their expectations for fewer rate cuts in 2025 than the market had previously anticipated. Trading recommendation: Trade predominantly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
GBPUSD M15 | Bullish Bounce off?Based on the M15 chart analysis, we can see that the price has just bounced off our buy entry at 1.2356, which is an overlap support. Our take profit will be at 1.2415, which is a pullback resistance that is close to a 38.2% Fibo retracement. The stop loss will be placed at 1.2356, below a swing low support level. 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.
Long
by FXCM
GBPUSD InsightHello, dear subscribers! I'm glad to have you all here. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - CNN reported that President-elect Donald Trump is considering declaring an economic emergency under the International Economic Emergency Powers Act to justify imposing universal tariffs and introducing a new tariff program. - According to the U.S. ADP National Employment Report, private employment increased by 122,000 in December, falling short of both the previous month’s figure and market expectations. - Christopher Waller, a Federal Reserve Governor, stated that despite President Trump's tariff threats, inflation is expected to continue declining. He also expressed support for a rate cut this year. - The FOMC meeting minutes revealed divided opinions among Fed officials regarding the inflationary and economic impacts of Trump’s policies, highlighting ongoing uncertainty in Fed monetary policy. - Attention is being drawn to the surge in UK gilt yields, which could increase the likelihood of an expanding fiscal deficit. Key Economic Events This Week + January 10: U.S. Nonfarm Payrolls for December and Unemployment Rate GBP/USD Chart Analysis As previously expected, the price broke below the 1.25000 level and declined further to the 1.23000 level. The upward trend has been completely invalidated, and in the medium to long term, a bearish trend appears dominant. However, if the 1.23000 level holds, a short-term rise toward the 1.25000 level could be anticipated. On the other hand, if the price breaks below the 1.23000 level, a decline toward the 1.21000 level is expected.
Long
by shawntime_academy
my chartDiscretionary Trading Strategy Market Analysis: Fundamental Analysis: Stay informed about economic indicators, news releases, and events that can impact the market. Technical Analysis: Use chart patterns, support/resistance levels, and technical indicators (like moving averages, RSI, MACD) to identify trends and potential entry/exit points. Trade Setup Criteria: Entry Conditions: Determine specific conditions for entering a trade, such as: Price breaking above a key resistance level with strong volume. A confirmed reversal pattern (e.g., double bottom, head and shoulders). Exit Conditions: Set clear criteria for exiting trades: Profit targets based on previous highs/lows or Fibonacci levels. Trailing stops to lock in profits as the price moves favorably. Risk Management: Position Sizing: Calculate position size based on your risk tolerance (e.g., risking no more than 1-2% of your capital on a single trade). Stop Loss Placement: Set stop losses based on volatility (e.g., below recent swing lows for long trades). Discretionary Execution: Use your judgment to enter trades based on the overall market context and your analysis. Be flexible and adapt to changing conditions. Consider both technical signals and the current market sentiment when making decisions. Review and Adaptation: Keep a trading journal to track your trades, decisions, and their outcomes. Review your performance regularly to identify strengths and weaknesses. Adapt your strategy based on what you learn from each trade. Psychological Discipline: Develop emotional control to stick to your strategy. Avoid impulsive decisions based on fear or greed. Practice patience and wait for high-probability setups instead of forcing trades. Final Recommendations Continuously educate yourself on market behavior and trading strategies. Consider using simulations or backtesting to refine your discretionary approach without risking real capital. Feel free to ask for more specific insights or additional components to include in your strategy!
Long
by SOPHIA_06
Daily CLS, Key Level D1 OB, Bearish Structure, Model1Daily CLS, Key Level D1 OB, Bearish Structure, Model1 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Short
by Dave-Hunter
11
Crucial Support level of 1.25 - Free Fall if it doesnt holdFollowing on the same analysis from early December; we see the Pound come under increasing pressure given the disappointing data and economic situation in the UK - inflation remains elevated; unemployment is increasing after the new budget and taxes and growth has trickled down to a humongous 0% - there are reports from retailers and shops that even the sales in the lead up to Christmas were very weak so heavy discounts may come in January to try and spur some spending. We are unlikely to get any majorly positive data and should the BoE be forced into cutting rates in February by more than expected, this support level of 1.25 wont hold and we may get a free fall. However, a pullback may be expected near term given how far this has been sold. I will short the Pound should the support get broken clearly given this 1.25 level could form triple bottom as per chart. Good luck and Happy New Year everyone! Hope this helps and remember not to rush into any position - no FOMO!
Short
by amirkhan235
7
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
by ForexMasters2000
1