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GBPUSD trade ideas

GBP/USD 4-Hour Timeframe AnalysisGBP/USD 4-Hour Timeframe Analysis The GBP/USD pair has been showing a bullish uptrend, influenced by several key factors. We have identified 1.30200 as a minor key resistance level and 1.28600 as a major key support level, both of which are critical in shaping the price action. Additionally, we have observed a large consolidation phase, indicating that the buying momentum is starting to wane. The price recently broke through the minor resistance level, creating a false breakout that likely triggered pending buy orders from retail traders. This false breakout could potentially lead to a reversal, as the buying pressure diminishes, suggesting a possible shift towards a bearish movement. More recently, the price broke below the major support at 1.28600, triggering sell positions among retail traders. However, the price did not continue towards the next minor support level, which indicates that market makers may be attempting a liquidity hunt. As a result, the price is now within a liquidity zone, and we expect the potential liquidation of sellers who have placed their stop-loss orders within this zone. The recent breakout at 1.28600 has resulted in a Change of Character (CHOCH), signaling a shift in market structure from a bullish trend to a potential bearish phase. This change in character could mark the beginning of a longer-term bearish trend. However, if the price continues to break above the 1.30200 resistance, a continuation of the bullish trend may occur, and we would need to reassess the market conditions. Trade Plan: Our strategy is to wait for a clear liquidity buildup before the price retests and potentially breaks the major support level again. We plan to enter a Sell Stop order at 1.28680, with a Stop Loss at 1.29430 (just above the liquidity zone) and a Take Profit target at 1.26820, the next significant support level. Recent Negative Developments Impacting GBP: April 4, 2025: The British Pound experienced significant declines against major currencies amid a broader market selloff, largely fueled by escalating trade tensions between China and the United States. This has increased market volatility, prompting a flight to safer assets. (Source: Reuters) April 2, 2025: U.S. President Donald Trump’s announcement of a global tariff strategy, including a baseline 10% levy on all imports, has further strained the British Pound. Although the UK was spared the steepest tariffs, the 10% levy still impacts approximately £60 billion of annual exports to the U.S., raising concerns about potential economic repercussions for the UK. These negative developments have added downward pressure on the British Pound, reinforcing the bearish outlook for GBP/USD. 📌 Disclaimer: This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a financial professional before making any investment decisions.
Short
by RebornFXTrader
GBPUSD(20250407)Today's AnalysisMarket news: Fed Chairman Powell: Wait for clearer news before considering adjusting policy stance. One year later, as the impact of Trump's policies becomes clearer, uncertainty should be greatly reduced. Intends to complete the entire term. Potential tariffs may have a lasting impact on inflation. The impact of tariffs on the economy may be greater than expected. Downside risks have increased, but the economy is still in good shape. Technical analysis: Today's long-short boundary: 1.2953 Support and resistance levels 1.3211 1.3114 1.3052 1.2854 1.2791 1.2695 Trading strategy: If the price breaks through 1.2953, consider buying, the first target price is 1.3052 If the price breaks through 1.2854, consider selling, the first target price is 1.2791
by BraveTigercat
RSI + BB strategy - the strong duo you will ever need to win Hello traders! This article shares with you a strategy employing two famous indicators that have stood the test of time and used by professionals and amateurs alike. A solid trading plan needs at least one solid strategy which will be your bread and butter. You can always add more strategies or game plans to your repertoire but you need to master one. Trading can be as complicated or simple as you make it. To make sense of it all, you should always try to be realistic and stick to a trading plan which is "simple and stupid" so that you free your mind from overthinking and focus on the market movements instead. A good strategy, along with constant market trend analysis, good risk management, news awareness and emotion control can ultimately transition you to being a consistent profitable trader. Indeed, there are times where the odds will not be in your favour and you will have losing trades. However, the key to success is to think of trading as a game of probability and developing a winning edge that ensures you are profiting more than losing. A 1:2 RRR is the least you have to accept when entering a trade, else sit tight and wait for the next opportunity. As Jesse Livermore quoted, "It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!". RSI Developed by J. Welles Wilder Jr. In 1978, the relative strength index is a momentum indicator that measures the speed and magnitude of price changes. At 70+, RSI is considered overbought and a retracement in price may occur. At 30-, RSI is considered oversold and price may go up. The middle line is the mean of recent prices, usually during a 14 days period. BB Developed by John Bollinger much later in the 1980s, BB is a volatility indicator which measures the speed and extent of price changes. A wider band signals high volatility and a narrow band signals low volatility. When price reaches the upper band, the asset is considered overbought and price may retract. When price reaches the lower band, the asset is considered oversold, meaning there are less and less sellers in the market and price may go up. The middle line is usually a simple moving average, showing the mean price across a time period. RSI + BB strategy The combination relies, and truthfully so, on the fact that the price of an asset usually hovers around its mean. Unless there are significant macroeconomic changes and news are strong (ultimately forming a new trend), price does not deviate much from its mean. It continues and builds its existing trend and moves up and down the moving average. By meauring both the momentum and volatility of the price, while keeping an eye on the direction of the trend, a trader can place small trades with a minimum 1:2 RRR as the asset moves in a range, an uptrend or a downtrend. The indicators give you insight on where to buy and place your SL and TP. Trading set ups - RSI 70+, BB touching upper band, no news, BB horizontal (showing a ranging market), price at major resistance zone - sell because price is likely to move through the moving average towards to lower band - RSI 30-, BB touching lower band, no news, BB horizontal (showing a ranging market), price at major support zone- buy because price is likely to move through the moving average towards to upper band - RSI 70+, BB touching upper band (price climbing up the BB ladder), BB moving upwards (uptrend), strong good news - buy because price is in uptrend and trend is likely to continue - RSI 30-, BB touching lower band (price falling off the BB cliff), strong bad news - sell because price is in downtrend and trend is likely to continue Sitting tight -Playing on a 1hr timeframe, there won't be many instances when all these stars align. That is when you sit tight and wait. - When price is hovering in between the RSI grid and BB band - sit tight and wait because the odds are not in your favour and it is impossible to predict which way price will move. Let the market do its thing, protect your capital and wait for the market to show you what to do next. Note - When the conditions are met, always enter the trade as soon as you get confirmation. If you are late in entry, skip the trade and wait - Place your SL just above the upper BB if selling or just below the lower BB if buying - TP is essential so you can lock in profits, especially in ranging markets where price quickly touches the BB band and bounces back. If you are in a trade and not able to monitor it, a TP ensures you have closed your trade at your desired and predicted price. TP is placed close to the lower band if selling or close to the upper band if buying -Ensure that all your other criteria such as news, RRR and emotion control are met to enter a trade. If one is not met, this trade is not for you. - Familiarise yourself using alerts. You have to be able to be present when the opportunity presents itself. Tradingview's lowest paid plan gives you 20 alerts, which is more than sufficient if you are focusing on 4-5 assets only. Alerts add to your winning edge and enable you to be trading the best set ups when they form. Please do not hesitate to share your thoughts if you do use RSI and/or BB and have had positive outcomes. :) GL to all!
Education
by one_deep
GBP/USD: The Make-Or-Break Zone”GBP/USD is showing strong bullish momentum, pushing toward the key resistance zone between 1.33000–1.36000. However, a short-term correction may occur before the next leg higher. Key Levels: Support Zone: 1.27983 Resistance Zone (Target): 1.33000–1.36000 Invalidation Level of Bullish Trend: 1.22544 Bearish Scenario: If 1.22544 breaks, eyes on 1.13843 The structure supports bullish continuation unless price breaks below 1.22544. Stay patient and look for clean entries post-correction.
by Greenfireforex
Cable erases most post-tariff gainsCable reached six-month intraday highs even above $1.32 on 3 April after the American government announced sweeping new tariffs and panicked many investors and traders. Now, though, most of these have been reversed after an unusually better than expected job report from the USA. Politically, sterling seems to be among the less vulnerable currencies now since the UK was hit by only 10% new tariffs and hasn’t responded with any on the USA amid the Prime Minister’s call for ‘cool and calm heads’. The obvious interpretation of the chart is an extreme head and shoulders, which would suggest another bout of significant losses to come around the end of April or early May. That’s questionable now because the fundamental situation is so heated. Given the strength of the pullback from $1.32, a sustained break above there in the near future looks unlikely. $1.28 is the area of the 200 SMA and likely to be an important support, but the price might halt above there at least temporarily around the lower part of the range from March. As for gold, traders are looking ahead to American inflation on 10 April. Here though British GDP, trade and industrial data are also in focus on Friday 11 April. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
GBPUSD Short Term Buy IdeaM15 - Strong bullish momentum No opposite signs Expecting retraces and further continuation higher until the two Fibonacci support zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VladimirRibakov
Trading GBPUSD | Judas Swing Strategy 25/03/2025We had a good trading session with the Judas Swing Strategy two weeks ago, as the strategy delivered 3 solid setups, 2 on FX:EURUSD and 1 on $GBPUSD. And guess what? All three hit their targets! That’s a massive 6% gain for the week! And with these impressive results we wanted to see how the strategy will perform last week. The strategy did not produce any setups on the currency pair we monitor ( FX:EURUSD , FX:GBPUSD , FX:AUDUSD , OANDA:NZDUSD ) on Monday 24th March and instead of forcing setups like other traders would we sat that day out. Why was this possible? we had backtested the strategy and had enough data to prove that when we stick to this strategy long term we'd be in putting ourselves in a profitable position. On Tuesday, we returned to the trading desk, scouting for setups, when we noticed a potential opportunity on $GBPUSD. The currency pair had swept liquidity at the high of our zone, signaling a possible shift in direction. We then shifted our focus to selling opportunities for the session. Our strategy required waiting for a break of structure to the downside, followed by a retracement into the FVG before executing a trade After waiting for an hour and 15 minutes, we finally got the break of structure to the downside. The only step left was a retrace into the FVG. After some patience, the retrace materialized, meeting all the criteria on our entry checklist. We executed the trade, risking 1% of our account with a target return of 2% Trade Details: Entry: 1.29513 Stop Loss: 1.29611 Take Profit: 1.29311 After entering the trade, price consolidated around our entry point for a while, showing no clear direction. However, we remained unfazed, trusting our well-backtested strategy, which has a 50% win rate. With a 1:2 risk-reward ratio, we know that consistently following our strategy will yield profits in the long run. Since we had risked only what we could afford to lose, the slow price movement didn’t shake our confidence Unfortunately, this trade didn’t go in our favor and ended up hitting our stop loss. This serves as a reminder that not every trade will reach take profit and that’s perfectly okay. Losses are an inevitable part of trading, but what truly matters is maintaining a solid risk management strategy, sticking to a proven system, and thinking long-term. As traders, our edge comes not from winning every trade, but from executing consistently and letting probabilities play out over time
by CleoFinance