GBPUSD trade ideas
Looks like a strong supportPrice just landed on the support trendline. Looks like is holding up. I opened a long position. I'll add if I see more consolidation. (You can see a double bottom forming in the 4H timeframe)
GBP/USD LONG 04/12Price has formed an inverse head and shoulders around the weekly 76.2 fib level after taking liquidity from previous lower highs. Price made a higher high after breaking 1.27100 and currently seems to be forming a higher low. Holding steadily above 1.26000. Bullish influx expected into 1.29000 area as USD retraces after a big run up.
Your lOng position for the bull runPlease refer back to my last post to makee sure you know how to get into posiiton for this buy and also please take note fo the things that might happen such as short term orr intermediary consolidation.
lets see if this idea pans out.
Possibility of uptrend It is expected that after the amount of fluctuation and correction, the beginning of the upward trend will be formed. If the red support zone is broken, the continuation of the downward trend is likely.
Market idea for the british pound vs the us dollarIn the last 60 days, we have seen that GPBUSD flight downward as its counter-part if you can call it that, the eur usd, basically they are giving off the same outlook.
Potential short term / intermediary range, which will involve the participation of both sides of the market, but overall,i expect the bulls to take over towards the upward side but what is a bull run without a little bear run???
Watch out for important news updates too, you can check out forex factory or was it factory forex??
gbpusd buy zonehi every one
im waiting here for buying gbpusd
stoploss is just 15pips
lets see what will happen
GBP/USD Analysis: Key Levels in Focus Amid Mixed TrendsHello Traders,
Trust you are great.
Below is my perspective on the probable direction of GBPUSD in the coming days.
Overview
On the H4 timeframe, GBP/USD remains in a bullish trend. However, on the H1 chart, the pair is consolidating within a bearish structure. Key resistance levels are observed at 1.27219 and 1.27026, with the recent high at 1.27496 marking a critical threshold for further upside movement.
Idea
There is potential for a short-term rise in price, but the advance is likely to remain capped below 1.27496. The overall expectation is for the pair to break below the trendline after this upward movement. A confirmed close beneath the trendline could lead to a decline toward the 1.25400 price region, where strong support might trigger a bounce.
Additionally, earlier unusual volatility caused a sharp downward spike, but this has since eased, and momentum has weakened significantly.
Conclusion
While a downward move appears probable, a break above the Friday high of 1.27496 would invalidate this bearish outlook and signal a continuation of the bullish trend.
Do let me have you thoughts.
Cheers and happy trading!
UPDATE ON GBP/USD ANALYSISGBP/USD 4H - Morning folks, sorry I have not been around these past few days with analysis or any trading opportunities, the markets have been very quiet with us coming toward the end of the year.
Volume tends to slow down as we come towards the end of the year and trading opportunities become quite minimal this is normal as central banks, corporate companies and retail traders pack up shop for christmas.
This pair however did give us a trading opportunity at the start of the week that followed the analysis I did in this weeks Sunday Sessions video, anyone who managed to jump onboard well done.
My aim for the end of the year is to bring as much knowledge to you all as possible to get you ready for a crazy year next year, I will of course try to provide as many opportunities as well but just be aware that at this time things do slow down.
GBPUSD SELL!!!!GU sentimental is bearish today, and early morning it just grabbed liquidity of the Asian session high. Now, let take a short position
We first aim for 1:1 the 1:2 after securing some profits
GBPUSD Big Move Possible Nice RR trade here . You can see price is in blue box again , and made engulfing candle in 30m timeframe. Make responsible Risk and good luck with the trade
Ill make some updates later if we still gonna be in !
Stay safe
Fundamental Market Analysis for December 04, 2024 GBPUSDUS labor and payrolls data will dominate this week ahead of Friday's NFP.
Pound/Dollar has been charting just south of the 1.2700 mark on Tuesday, holding rates in check as Pound Sterling traders struggle with a significant lull in meaningful UK economic data, while the broader markets prepare for a fresh batch of US Non-Farm Payrolls (NFP) data due out later in the week.
Bank of England (BoE) Governor Andrew Bailey is due to speak early Wednesday. The head of the UK central bank will give a pre-recorded interview at a conference organized by the Financial Times. Nothing noteworthy is expected from the Bank of England Governor's speech, but GBP traders will be keeping their ears to the ground to make sure they don't miss any significant phrases the BoE Governor may announce.
Wednesday will see the release of the US non-farm employment change data from ADP, which is expected to fall to 150k from the previous reading of 233k. In the US trading session on Wednesday, investors will also receive data on the ISM Services Purchasing Managers' Index (PMI). The US services PMI survey is expected to fall to 55.5 in November from 56.0 in the previous month.
Federal Reserve (Fed) Chairman Jerome Powell is also expected to speak on Wednesday. The Fed chief will answer questions from the audience during a discussion organized by the New York Times.
Trading recommendation: Watch the level of 1.2700, when fixing below consider Sell positions, when rebounding consider Buy positions.
SELL TREND in GBPUSD, It's Trap trading strategy. (Read caption)📉 GBPUSD Price Forecast 📉
OANDA:GBPUSD
GBPUSD initially broke through the resistance zone, but quickly reversed back into the selling zone—a clear trap for buyers. Now, the pair has formed a strong resistance zone accompanied by a bearish candle, confirming a high-probability sell setup.
Currently, GBPUSD is trading below the 200 EMA, reinforcing the bearish outlook. It's the perfect time to consider sell trades, targeting the upcoming support levels.
🎯 Technical Target Levels:
1.2650, 1.2600, and 1.2510.
📌 Key Highlights:
- Resistance zone breakout turned trap.
- Strong bearish candle formed below 200 EMA.
- Clear selling zone confirmed for bearish trades.
✅ Stay ahead in the market!
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Don’t miss the next moves—join now for consistent market insights! 🚀
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#GBPUSD #ForexTrading #TradingSignals #TechnicalAnalysis
gbpusdAccording to the strategy I used, gbousd fulfilled all the rules and I set the SL to be 25pips and the TP to be 36 pips.
GBPUSD STRUCTURE I will be waiting for Thursday's unemployment claims which will show me the intentions of bigger institutions and I will see what the next move for GU will be so I can come back here and put you guys on the right track, do well to like share and follow, and comment under this post which pair you are having issues with and I will help you out immediately.
Pullback resistance ahead?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as an overlap support.
Pivot: 1.2755
1st Support: 1.2614
1st Resistance: 1.2844
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Read The GBPUSD MarketLet's Look at GBPUSD Chart and Analysis the last Price Actions for finding some trade Opportunities, Good Luck With Your Trades <3
Sell GBP/USD Triangle PatternThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2650
Target Levels:
1st Support – 1.2585
2nd Support – 1.2550
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
The Cable seems tom be presenting what seems as a Bullish trendGBPUSD has just tapped on the Daily order block and formed what presents as a probable change of character to the bullish side. The Buy Limit orders may be set as shown!
GBP/USD --> Counter-Trend Correction Before Further DeclineFX:GBPUSD during the correction process, the price has reached the area of interest and resistance from which further bearish momentum can be expected, in the context of the dollar returning to its upward trend.
Overall, the market continues to struggle around the 1.267 area, which is considered a strong support zone. However, buyers appear to have limited opportunities to push the price higher as the dollar strengthens, fueled by Trump’s policies that exert significant pressure on the forex market.
From a technical perspective, GBP/USD is attempting to break out of the main range, testing the key support level. However, with the price currently testing strong support, we might see a corrective move toward the 1.275–1.285 area (0.618 Fibonacci retracement) before resuming the downtrend. It is also worth emphasizing the 1.256–1.248 range. A break and consolidation below this zone would confirm the bears’ intentions.
eurusd daily liqThe chart shows a bearish bias in the short term, with an expected breakout to the downside from the bear flag to grab liquidity around the **liq daily** or **liq trap**. Following this downward move, a strong bullish reaction is possible, leading to an upward movement toward higher price levels.
