GBPUSD trade ideas
GBP/USD: Awaiting break below 1.3230For GBP/USD, the situation is similar to EUR/USD.
I’ll wait for confirmation of a further decline — specifically, a break below the support level at 1.3230 — before entering a short position.
I don’t see any alternative scenarios at the moment. There’s no long setup, and I don’t trade consolidation phases.
📝Trading plan:
Open a short position upon a break below 1.3230. The target is 1.3030.
Gbpusd potential sell setup Current market analysis reveals a potential sell zone in the GBPAUD pair. Key factors contributing to this setup include:
- Resistance sell level 1.33100 to 1.33054
- Overbought conditions on the RSI
- Bearish divergence on the MACD
*Sell Zone Details:*
Sell zone: (1.33100-1.33054
Take profit (1) 1.32900
Take profit (2) 1.32669
Stop loss:(1.33231)
Monitor price action and adjust strategies accordingly. Trade with caution.
GBP/USD "The Cable" Forex Bank Money Heist (Bearish)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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Entry 📈 : "The heist is on! Wait for the Neutral Level breakout then make your move at (1.32500) - Bearish profits await!"
however I advise to Place sell stop orders above the Moving average (or) after the Support level Place sell limit orders within a 15 (or) 30 minute timeframe most NEAREST (or) SWING low or high level for Pullback entries.
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📌Thief SL placed at the nearest/swing High or Low level Using the 1H timeframe (1.33400) Day/Scalping trade basis.
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Target 🎯: 1.31600
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GBPUSD H4 I Reversal Off 61.8% FiboBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.3361, which is a pullback resistance aligning with the 61.8% Fibo retracement.
Our take profit will be at 1.3207, a pullback support level.
The stop loss will be placed at 1.3443, a swing-high resistance 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 (tradu.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (tradu.com/eu):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Global LLC (tradu.com/en):
Losses can exceed deposits.
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GBPUSD is Forming a Weekly Double Top!!!Hey Traders!
In today's session, we're closely watching GBPUSD for a potential short setup around the 1.34200 level.
The pair is currently forming a double top pattern on the weekly timeframe, a classic reversal signal. Price action is showing signs of rejection at the neckline, suggesting possible downside momentum from this key resistance zone.
Trade safe, Joe.
Possible short-term support for cable around $1.33Cable remained close to three-year highs on 1 May after completing a very strong monthly performance in April. Significantly lower political instability in the UK and a generally weak US dollar amid uncertainty over tariffs both helped the pound to gain. Broadly speaking, the pound is less vulnerable to current political and trade issues than many other currencies given that the USA has a fairly large trade surplus with the UK in terms of goods and the British government seems very eager to placate the American administration.
Highs around $1.343 from late last month coincide neatly with September 2024’s peak, so it might be quite difficult for the price to break out above there unless there’s a strong fundamental driver, whether from monetary policy or something else. The main dynamic support is the 50 SMA from Bands which triggered a bounce around 7 April, but in the short term the 20 SMA is also in view as a possible support.
The maturity of the uptrend makes it questionable whether there’ll be a new high in the next few days, especially with important releases coming up next week. Volatility will probably increase significantly around 7-8 May because the Fed and BoE will meet on consecutive days. The probability of a hold by the Fed has been very high for some time but the BoE is expected to call for a single cut.
This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
How to Trade Liquidity Sweeps Using PDH/PDL Levels (Smart Money This guide shows how to use the **Liquidity Sweep Detector – PDH/PDL Levels** script, now live on my profile.
**What It Does:**
- Accurately plots the previous day's high and low on intraday charts (15m, 1H)
- Detects when price *sweeps* above or below those levels (potential liquidity grabs)
- Visually marks sweeps with a dashed line and alerts you in real time
- Optional table to show current sweep status (can be toggled off)
**How I Use It:**
- Wait for a sweep above PDH or below PDL
- Look for rejection candles or structure shift afterward (e.g., CHoCH or BOS)
- Combine with session timing (e.g., London/NY) for confluence
**Pro Tip:**
Set alerts to catch sweeps even when you're away from the screen. Just click "Add Alert" and use:
- `PDH Sweep Triggered`
- `PDL Sweep Triggered`
This is part of how I approach Smart Money trading — combining market structure with real liquidity events.
Script is open and free to use — find it on my profile:
**Liquidity Sweep Detector – PDH/PDL Levels**
GBPUSD-SELL strategy 3-hourly chart GANN SQ Line Brk (2)The pair is over extended short-term, and we have are observing a small reversing, and I feel we may approach the lower support area as seen in the past @ 1.3300 area.
It is a short-term trade, so suggesting to keep stops tight.
Strategy SELL @ 1.3385-1.3410 and take profit near 1.3300.
GBPUSDIn theory , this trade is the perfect example of a false break out.
Realistically, It's a patience consuming setup, it's like predicting the Future.
Confirmations are in forms of spikes.It really results in trash for those without faith, results as a lesson for those who grew to understand the game
Short-Term Outlook for GBPUSD Turns BearishGBPUSD formed and then broke an ascending wedge formation. The dollar appears to be gaining modest ground against key currencies globally.
Hessent noted that tariff-related news is expected by the end of today. If the incoming update involves a trade deal with a major partner like Japan, it could further support the bearish technical outlook.
If the retest of the 200-hour SMA and the broken wedge’s lower boundary fails, GBPUSD may extend its losses toward the 1.3230 level later this week.
GBPUSD breakout could target 1.47GBPUSD is testing key resistance and may be gearing up for a breakout toward 1.47, with a potential 17:1 reward. Even if it reaches just a third of that move, the setup remains highly attractive.
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GBPUSD INTRADAY sideways consolidaionGBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be an overbought corrective pullback toward a key prior consolidation area.
Key Support: 1.3210 – aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
1.3435 – initial resistance level
1.3500 and 1.3580 – medium to long-term bullish targets
If price finds support at 1.3210 and forms a bullish reversal, it would confirm the continuation of the uptrend toward the mentioned resistance levels.
However, a break and daily close below 1.3210 would invalidate the bullish scenario, suggesting deeper retracement toward 1.3120, with further support at 1.3015 and 1.2980.
Conclusion
GBP/USD remains bullish above 1.3210. Look for a bounce from this level to confirm upside continuation. A daily close below 1.3210 would turn the outlook bearish, exposing lower support levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The Day Ahead Macroeconomic Data Releases (Market-Moving Potential):
US Data
ISM Manufacturing Index (April): A key indicator of manufacturing health; impacts USD, equities, and bond yields.
Total Vehicle Sales: Reflects consumer demand and manufacturing strength.
Construction Spending (March): Signals strength in real estate and infrastructure sectors.
Initial Jobless Claims: Weekly indicator of labor market health; influences Fed policy expectations.
UK Data
Net Consumer Credit & M4 (March): Provides insight into consumer borrowing and money supply growth; can affect GBP and BoE policy outlook.
Japan
Consumer Confidence Index (April): Influences sentiment on domestic consumption; impacts JPY and Nikkei index.
Canada
Manufacturing PMI (April): Indicator of economic activity; affects CAD and TSX.
Central Bank Activity:
Bank of Japan (BoJ) Policy Decision:
Key focus on any adjustments to yield curve control or forward guidance. High impact on JPY, Japanese equities, and global bond markets.
Corporate Earnings (High-impact, broad sector exposure):
Mega-cap Tech & Consumer:
Apple, Amazon, Airbnb, Roku, Wayfair, Reddit: Major influence on Nasdaq and sentiment in growth/tech stocks.
Financials & Payments:
Mastercard, Block, Blue Owl Capital, KKR: Insight into consumer spending and credit trends.
Healthcare:
Eli Lilly, CVS Health, Moderna, Stryker, Amgen: Updates on drug pipelines and healthcare services; influences biotech sentiment.
Industrials & Energy:
McDonald's, Linde, Harley-Davidson, Dominion Energy, United States Steel, Targa Resources, Howmet Aerospace: Read-throughs for global demand, input costs, and supply chains.
Other Key Sectors:
Estee Lauder (Luxury/Consumer), Duolingo & Twilio (Tech/EdTech), Live Nation (Services), Maplebear (Instacart), Cameco (Uranium/Nuclear): Diverse sector insights.
Other Notable Events:
UK Local Elections:
Though local, outcomes may indicate broader political sentiment, especially ahead of a potential general election. Moves in GBP, UK equities, and gilts possible if results hint at political instability or changes in economic policy outlook.
Trading Implications:
Equities: Expect high volatility due to major earnings releases and macro data. Sectors like tech, healthcare, and consumer discretionary could see significant moves.
FX: USD, JPY, and GBP in focus due to data and central bank developments.
Bonds: ISM, jobless claims, and BoJ decision may affect global yield curves.
Commodities: Vehicle sales and construction data may influence oil/metals demand expectations.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.