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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD - 4hrs ( Buy Trade Target Range 240 PIP ) 🟢 Pair Name :GBP/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) ——————————— Bullish Break 1.30250 Area Reasons - Major Turn level - Visible Range Hvn - Pattern Break - Choch Zone - Fixed Hvn Bearish Reversal 1.32750 Area
Long
by GoldenEngine
6
GBPUSD → Negative fundamental background. Going to 1.2500FX:GBPUSD is reversing after a retest of strong resistance with no opportunity to enter the liquidity zone. The negative fundamental background is confirmed. The dollar is flying upwards. News channels and not only already declare about the victory of Trump, whose policy is directed towards the strengthening of the dollar. Markets are starting to react accordingly. As for GBPUSD, in the last article I focused your attention on 1.2813 and 1.305: If after a pullback to the resistance the price starts to retest the support, the chances of a breakdown and further decline will increase. The fundamental background, formed at the moment, is favorable for the fall of the currency pair. Resistance levels: 1.294, 1.30, 1.3044 Support levels: 1.2813, 1.2672, 1.25 The technical and fundamental background are going in the same direction. Emphasis on the key support. A slight pullback is possible before further breakout. Also continue to follow the news! Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;) Regards R. Linda!
Short
by RLinda
10
GBPUSD 180 Pip ShortStill playing off the 4h bearish trend that GBPUSD is in. We have traded the pullback all of the way back up and are now once again approaching the 4h supply zone. I am looking for a reversal in market structure on the lower time frames to confirm the continuation of the bearish trend on the higher time frames. As this is a continuation trade expecting the higher time frames to kick in and continue the bearish trend the target is a new lower low on the 4h chart. Make sure that you boost this trade idea and follow. Over 300 pips of movements called so far this week!!!
Short
by DrRoach2
12
GBP/USD Resumes Bearish TrendGBP/USD Resumes Bearish Trend Trump's victory in the US Elections has bolstered the US Dollar. The USD's strength this month has been tied to Trump's win, so it was anticipated that his victory would support further USD strength. The price has already dropped nearly 200 pips during the early hours of the European morning. It is likely that the price may continue to decline during the opening of the London and US markets, as trading volume is expected to increase significantly. The market still needs to fully absorb Trump's victory, which could lead to further short-term strengthening of the USD. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
5
GBPUSD 164 Pip LongThis is possibly my favourite setup to trade. GBPUSD is in a strong bearish trend on the 4h chart and we have created a new LL today. We know that the market moves in waves so after a LL we get a pullback to make sure that the market moves efficiently. Price has broken out of its downward trend on the 5m and I am now keen to see it break the 15m CHOC mark. If this happens I will look to long from just above the 4h LL and look for more long entries all the way back up into the 4h supply zone. Follow and like for more trade ideas!
Long
by DrRoach2
7
EDUCATION: The “Fake” Engulfing Candle: A SNEAKY TRAPAs traders, we’re often taught to look for classic price action patterns, and one of the most well-known is the Engulfing Candle. It's that strong reversal pattern where the body of the second candle completely engulfs the body of the first, signaling potential trend reversals or continuations. But what happens when that engulfing candle shows up in the "wrong" place? That’s what I like to call a "Fake" Engulfing Candle. A "Fake" Engulfing Candle is one that paints on the chart but in a location that doesn’t align with the market context or trend. For example, if you’re in a strong, established trend, an engulfing candle that appears in the middle of the trend (without any supporting structure or context) could be a false signal. This kind of engulfing candle might look great on the chart, but it's not telling you the full story—it’s a signal with poor timing. Understanding the Importance of Location The location of an engulfing candle is key. A "real" engulfing candle typically forms after a clear trend exhaustion or at a key support or resistance level. These are areas where price is likely to reverse, and that’s where an engulfing pattern becomes meaningful. However, when the engulfing candle appears in random locations—without any clear structure around it—it’s often just noise in the market. Fake signals, like this, can lead traders to make impulsive decisions, chasing trades that aren’t supported by solid market structure or context. Think of it like walking into a room full of noise—you may hear words, but they’re not telling you anything meaningful. How to Spot a Fake Engulfing Candle Context is King: Look for the engulfing candle to form after a trend exhaustion or near a key support or resistance level. If it pops up in the middle of a strong trend with no visible reason for reversal, chances are it’s a fake. Volume Confirmation: Is the engulfing candle supported by volume? A strong engulfing candle should have an increase in volume, confirming the strength of the move. If volume is absent or weak, the signal may be unreliable. Previous Market Structure: The best signals often come from patterns that align with previous market structure, such as previous highs or lows. If the engulfing candle doesn’t respect any major levels or swing points, it might not be worth trading. Practical Takeaway: Don't Fall for the Fake The takeaway here is simple: don’t let the appearance of a "perfect" engulfing candle fool you. Just because it looks good on the chart doesn’t mean it’s the right signal for the current market conditions. Always pay attention to the context around the pattern and confirm it with volume and other technical indicators. Remember, location matters when it comes to identifying valid trade setups. Have you ever been caught by a "Fake" Engulfing Candle? What’s your process for distinguishing real signals from fake ones? Drop your thoughts in the comments—I'd love to hear how you handle these tricky setups!
Editors' picks
Education
by TLTurnerTV
4
GBPUSD I Buy and sell short-term opportunity Welcome 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!Welcome back! Let me know your thoughts in the comments!
by BKTradingAcademy
4
GBP/USD ! 11/7 ! sideway price zone - resistance signal SELLGBP/USD trend forecast November 7, 2024 The GBP/USD pair finds support during the Asian session on Thursday, moving up from its mid-August low near the 1.2830 area touched the day before. Spot prices now aim to sustain momentum above the 1.2900 level as focus turns to significant central bank events. The Bank of England (BoE) is expected to announce a rate cut today, its second this year, in response to slowing inflation. However, expectations that UK Finance Minister Rachel Reeves' upcoming budget could boost inflation, potentially slowing future BoE rate cuts, help support the British Pound. A slight dip in the US Dollar also contributes to GBP/USD gains. Against the backdrop of a rising dollar - GBP is not much changed. sideways and slightly down /// SELL GBP/USD : zone 1.29520 - 1.29720 SL: 1.30100 TP: 60 - 120 - 250 pips (1.27220) Safe and profitable trading
Short
by Moon-ForexAcademy
4
GBPUSD Hits Resistance – Is Selling Opportunity Coming?Today, GBPUSD is showing a potential short setup based on recent price action and key technical levels. The pair is trading around 1.2963, close to a significant resistance zone near 1.2990-1.3000, as shown on the chart. This area is converging with the 34 EMA and 89 EMA, which could act as additional resistance. Traders can consider entering near current levels with a stop loss above 1.3047. This setup offers an opportunity for a downside move within a controlled risk-on environment. What do you think about this setup? Do you think the resistance will hold or is GBPUSD likely to break above it and continue the uptrend?
Short
by AmbaniFX
1
Bearish reversal off pullback resistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which is a pullback support. Pivot: 1.3022 1st Support: 1.2909 1st Resistance: 1.3105 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Election Day Trade: GBPUSDToday marks a significant moment in the United States—Election Day—and as traders, we know that market sentiment can be influenced by political events. This morning, I took a strategic position on GBPUSD, entering the trade at 1.29623. With the current price now at 1.30266, the trade is showing promising momentum. The volatility associated with elections can create unique opportunities. In this case, the British pound seems to be gaining traction against the dollar, likely reflecting optimism or reactions to the unfolding political landscape. The key to successful trading on days like today is staying vigilant, managing risk, and being ready to adjust your strategy based on incoming news and market reactions. As always, I emphasize the importance of having a solid exit plan. With the market currently moving in my favor, I’m assessing the best points for taking profits while also remaining aware of potential reversals as the day progresses. What trades are you taking today, and how are you navigating the uncertainties of Election Day? Share your thoughts and strategies in the comments below! Your perspective could spark valuable conversations among fellow traders. (All Trading Ideas are shared for Educational Purposes. Trade the market at your own risk.)
Long
by TLTurnerTV
2
GBP/USD Short Setup AnalysisGBP/USD Short Setup Analysis Timeframe: 1H Bias: Bearish Overview: This idea focuses on a potential short setup in GBP/USD based on recent structural behavior, supply and demand zones, and a strong bearish bias following a Break of Structure (BoS). Key Analysis: Break of Structure (BoS): We have two clear BoS points on the chart, indicating a shift in market direction as price continues to form lower highs and lower lows. This pattern is reinforcing our bearish outlook. Supply Zone: Price has entered a marked supply zone near the 1.3000 level, highlighted in red. This area represents a high probability for sellers to take control and push the price downward. Stop-loss is placed slightly above this zone (around 1.3005), minimizing risk in case of an unexpected bullish breakout. Demand Zone: The demand zone (highlighted in blue) is positioned below the current price action, around the 1.2845 level. This area is where buyers may step in, making it a key target level for this setup. Entry, Target, and Stop-Loss: Entry: Around the 1.2995 - 1.3000 supply area. 1st Take-Profit (TP): Set around the 1.2920 level for a conservative profit target. Final Target: The final target is located at 1.2845, aligning with the demand zone and potential reversal point. Stop-Loss: Placed at 1.3005, just above the supply zone to ensure controlled risk. Trade Summary: This setup provides a high-risk-reward ratio as it capitalizes on the bearish momentum and market structure shifts. Entering at the supply zone with targets set at key structural levels allows for both a conservative and a more aggressive take-profit approach. Risk Management: As always, use proper risk management. Adjust your position size according to your risk tolerance. Let’s see how the setup unfolds! If this idea aligns with your analysis, please feel free to like or share! Happy trading! #GBPUSD #Forex #SupplyAndDemand #BreakOfStructure #ShortSetup
by iamgenius_
1
GBPUSD 1.29661 -0.13% MULTI TF INTRADAY SET-UPHELLO TRADERS Hope everyone is doing great 📌 A look at The CABLE At the close of ASIA INTO THE LONDON, TO NY PM SESSION - As we draw to the close of the week, looking for GU to close bullish. * on the 4H looking for a bearish open with the close of ASIAN SESSION. * PO3 * Push LOWER before going for HIGHER structures LQ pull. 1 HOUR TF * Looking for the mitigation of the bullish OB+. * FVG below has already been mitigated. * if this structure holds, looking for long entries to close the week. * DXY 4H * BASED on the price action served next session... * We will see what does the market dish. 🤷‍♂️😉🐻📉🐮📈 HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
6
GBPUSD: Bearish Setup at Key ResistanceAfter a prolonged downtrend, GBPUSD showed signs of recovery but quickly lost momentum due to a lack of buying strength. Currently, the pair is trading around 1.2963, approaching a key resistance zone highlighted on the chart. This area is likely to attract strong selling pressure, as it’s firmly in the sights of bearish traders. A selling strategy here could be favorable. The chart also indicates two target levels for this potential downtrend. In the short term, my preference is to adopt a sell strategy. What about you? How would you trade this setup?
Short
by Mr_Siro
1
GBPUSD Market Update: Key Influences and Chart AnalysisToday, GBPUSD is hovering around 1.293 as it attempts to stabilize after recent volatility. The pair has been facing downward pressure due to ongoing uncertainty around the UK’s economic outlook and the strength of the USD. The chart suggests that GBPUSD recently encountered resistance in the 1.2978 zone, with multiple rejections, signaling a strong selling pressure around this level. After testing this resistance, the pair is now trending downward, breaking through the sideways range, indicating potential further declines. Technical indicators, including the EMA levels shown on the chart, suggest a bearish outlook. The projected path illustrates a corrective bounce but ultimately points to a continuation of the downward trend, with a possible support target around 1.2850 or lower if selling pressure persists. Given these signals, traders should monitor key news events that could impact the USD and GBP sentiment, such as upcoming U.S. and UK economic releases. A cautious approach may favor short positions, aligning with the bearish indicators on the chart.
by Chipucu
1