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GBPUSD trade ideas

GBPUSD Setting Up for a Bearish Reversal at Key W1 ResistanceOverview from Weekly Time Frame: GBPUSD has been rejected for three consecutive weeks at a key weekly resistance zone, forming three weekly pin bars — a strong sign of selling pressure and market exhaustion at the top. Daily Chart Explanation: The daily chart reveals a textbook Head and Shoulders pattern, signaling a potential trend reversal. The neckline has been broken, and price is now retesting the breakout zone, aligning with the broader bearish bias. 4H Chart Explanation: On the 4-hour chart, the trend has shifted to the downside, confirmed by a clean break below the 50EMA. Price has since pulled back into the discounted zone, where sellers may re-enter. Structure now favors lower highs and lower lows 📉. Plan: 🔻 Bias: Bearish 🎯 Entry: Wait for bearish price action confirmation within the 4H discounted zone (e.g. strong bearish engulfing or trendline break on 1H) 🎯 Targets: TP1: Recent swing low TP2: Daily neckline extension TP3: Weekly support zone ❌ Invalidation: A break and close back above the 4H 50EMA or above the right shoulder level on daily
Short
by Amitrading
GBPUSD May 9 Trade Executed GBPUSD May 9 Trade Executed Price was in a discount on the range and the previous range. Asia opened to expand lower to take sell stops. That was my trigger to start hunting for a retracement/reversal of Thursdays delivery. Target was equal highs and the 50 level Cross referenced DXY and EUR for confidence for taking this trade as key level were violated on those pairs Analysis from the 3 min chart Noted equal lows were tapped at 20:25 22:06 Liquidity was taken 22:15 FVG formed & Price displaces 22:30 entry at price 1.32223 SL1.32123 First target was equal highs at 1.32734 Second target was 50 level at 1.32910 which also is 2 standard deviation level 1:33 I got scared as the trade was retracing (as it can just before London) and even though it did not come close to me SL I exited the trade What did I learn *Always be reviewing intraday order flow to not get caught up in the noise *Stick to your plan until you fully get stopped out *Read over your analysis plan when there is heat/retracement to remind you why you took the trade *Be patient on days when your trade idea is a large range 50 plus pips *no news creates a slower delivery, but it delivered What am I happy about *price delivered my idea *I worked through my analysis and trusted myself to enter *So happy I entered the trade!!!!!
by LeanLena
GBP/USD Trading Idea: Sell Below 1.32056 Targeting 1.27133The GBP/USD pair is currently trading within an Undefined Price Action/Consolidation Zone, suggesting indecision and reduced momentum. Price has been moving sideways for several days with no clear trend direction. This area typically signals accumulation or distribution before a breakout. Key Levels Identified Support 1 (Breakout Level): 1.32056 Support 2 (Target Level): 1.27133 – 1.27173 (zone) Resistance (Invalidation Zone): Around 1.33034 Trade Setup (Bearish Bias Upon Breakout) Trade Idea Price is currently ranging but has tested the Support 1 zone multiple times. The more a support level is tested, the weaker it becomes. A clean break below Support 1 (1.32056) would likely signal the end of the consolidation phase and could trigger a strong bearish move. If this breakdown occurs, a short position becomes valid. Entry Sell Stop Order below 1.32056 (e.g., at 1.31950) to catch the breakout momentum. Take Profit (TP) Primary Target: Support 2 zone between 1.27133 and 1.27173, representing a major historical support level. This provides a potential reward of approximately 480 pips from entry. Stop Loss (SL) Placed above recent swing high and resistance of the range: around 1.33034. Risk is about 90 pips, providing a Risk-Reward Ratio (RRR) of ~1:5 – favorable for short sellers. Additional Notes Volume Analysis: Volume appears to have dropped inside the consolidation zone, often indicating a buildup phase. A breakout with rising volume would confirm the trade signal. Event Risk: UK-related macroeconomic events are marked on May 13 and 15. Monitor for volatility which could trigger the breakout. Bias: Currently unbiased but leaning bearish due to: Flat momentum within the zone Multiple failures to sustain above mid-range Potential for breakdown continuation aligned with the higher time frame trend
Short
by SupertradeOfficial
GBPUSD Is Very Bearish! Short! Here is our detailed technical review for GBPUSD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.330. The above observations make me that the market will inevitably achieve 1.314 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
Example of both range indicators Combining Pulse Micro Range and Pulse Range Box provides a powerful dual-layered approach to understanding and trading range-bound conditions with precision. Each tool serves a distinct role—one detecting high-resolution micro consolidations, the other defining broader, structural range zones. Together, they create a multi-depth framework for identifying traps, timing entries, and anticipating breakouts. Strategic Integration: • Pulse Micro Range focuses on short-term compressions, ideal for detecting early signs of liquidity buildup, minor fakeouts, or scalping opportunities. It highlights price hesitation within seconds or minutes—perfect for M1/S15 precision trading. • Pulse Range Box outlines the overall range structure, capturing the dominant high-low boundaries where price repeatedly rejects or traps traders. It provides the context and structure for assessing whether the market is in a range, prepping for a breakout, or stalling. Benefits of Using Both Together: • Micro-Inside-Macro View: Micro ranges often form near the edges or midpoints of the larger Pulse Range Box—giving clues to potential fakeouts, absorption zones, or momentum triggers. • Trap Anticipation & Reaction: If price breaks the Pulse Micro Range but fails to exit the Pulse Range Box, it may signal a trap reversal or re-entry back into range. • Breakout Qualification: A breakout from both the Micro Range and the Range Box, accompanied by momentum and confirmation from currency strength, can be treated as a high-probability trend initiation. This synergy allows traders to layer confluences and manage risk more effectively. It enhances entry timing, sharpens exit decisions, and gives a clearer visual map of how the market breathes—both on the surface and underneath.
by Trade_Pulse
1
GBPUSD AnalysisLooking at the GBPUSD H1 chart you provided, here’s a breakdown of the current structure and a high-probability swing trade setup with a 1:5 risk-reward ratio: Chart Observations: • Price recently bounced off a higher low after making a clear impulsive drop and has started pulling back upward. • There’s a bearish BBandSE signal with price stalling just beneath a previous structure high. • Market structure is still bearish on H1 — this appears to be a lower high forming, making it a good setup for a swing short. Swing Trade Setup (Sell) Entry: • Sell at: 1.3305–1.3310 (ideal entry near current price; retest zone of last bearish BBandSE signal) Stop Loss: • SL above recent high: 1.3345 • (This is above the most recent swing high where the price last reversed) Take Profit (1:5 RR): • TP at: 1.3130 • This is a strong prior demand zone / previous low from May 9th Trade Summary: Use risk management Parameter Value Direction Sell (Short) Entry 1.3305 Stop Loss 1.3345 (40 pips) Take Profit 1.3130 (175 pips) Risk: Reward 1:4.4–1:5 Why This Setup Works: • You’re entering a lower high in a clear H1 downtrend. • The Bollinger Bands Strategy confirms the sell signal (BBandSE). • You’re targeting a previous liquidity zone (1.3130) where the price showed strong rejection before. • R: R is extremely favourable; even if it retraces deeper, the structure gives enough room to protect your capital. Disclaimer: This trade is not financial advice. It's just for learning. My team and I will not be responsible for any losses you incur
Short
by ThizizAlex
2
GBP/USD: Momentum Fading After Monthly Push !!Hey Traders, GBP/USD Showing A Momentum Fading After Monthly Push !! On The : 1) Monthly: We have a Three strong bullish candles, but price has now reached a key resistance zone — expecting a pullback. 2) Weekly: Rejection signs showing with wicks on three candles, and weekly liquidity has been taken out. 3) Daily: Bearish Head & Shoulders pattern + Choch. 4) 4H: Structure aligns with the daily — currently waiting for confirmation (4H engulfing or 1H choch). Targets: 1.31314 and 1.30363 Not financial advice. #GBPUSD #Forex #PriceAction #TechnicalAnalysis #HeadAndShoulders #SupplyAndDemand #BearishSetup #MarketStructure #SmartMoney #Choch #LiquidityGrab #ForexTrading #SwingTrading #TrendReversal
Short
by MrWolf10
GBPUSD Bank of England (BoE): On May 7, 2025, the BoE cut its Bank Rate by 0.25 percentage points to 4.25% (from 4.5%), with a narrow 5–4 vote. Two members wanted a larger cut, while two preferred no change. The decision reflects progress on disinflation and a slowing UK economy, though the rate remains in restrictive territory to keep inflation pressures in check. Federal Reserve (Fed): The Fed held its policy rate steady at 4.50% in May 2025, as it weighs sticky inflation against cooling growth. The U.S. labor market remains resilient, but GDP contracted slightly in Q1. The Fed is cautious, with markets not expecting cuts until later in the year. Differential: The U.S. maintains a 25 basis point rate advantage over the UK (Fed 4.50% vs. BoE 4.25%). This modest but widening gap, combined with the Fed’s more hawkish stance, generally supports the USD over GBP. Upcoming UK Economic Data in May 2025 GDP Growth: UK GDP growth has slowed since mid-2024. Four-quarter growth is projected to stay just above 1% before picking up later in the forecast period. Goldman Sachs forecasts UK GDP at 1.2% for 2025, below the BoE’s 1.5% projection, with quarterly growth expected to remain subdued. Inflation: March CPI inflation fell to 2.6% (from 2.8% in February), but is expected to temporarily rise to 3.5% in Q3 2025 due to energy price effects before falling back toward the 2% target. Domestic price and wage pressures are easing, but household inflation expectations have risen recently. Labor Market: The UK labor market continues to loosen, with slowing pay growth expected through the year. This supports the case for further BoE easing if disinflation persists. Other Data: Retail sales, business investment, and export growth remain weak, partly due to global trade developments and a tightening fiscal stance. The next key data releases in May will be GDP, CPI, and labor market figures, all closely watched for signs of further economic softening or inflation surprises. The interest rate differential favors the USD, especially with the BoE starting to cut and the Fed holding steady. Upcoming UK data (GDP, CPI, labor market) will be crucial. If UK growth and inflation slow faster than expected, the BoE may cut more aggressively, adding to GBP downside. Consensus forecast: GBPUSD is expected to remain under pressure in May. In summary: The GBPUSD pair faces a modest downside bias in May 2025, driven by a slight USD rate advantage, a dovish BoE, and subdued UK growth and inflation data. Key economic prints this month-especially on inflation and labor-will determine whether the BoE accelerates cuts, which would further weigh on sterling
Short
by Shavyfxhub
Support and Resistance Levels: A Beginner Trader's GuideSupport and Resistance Levels: A Beginner Trader's Guide Hello! If you’re just starting your journey in trading, you’ve probably already heard about "support" and "resistance." These terms might sound intimidating, but their essence is simple. Think of an asset’s price as a ball bouncing between a floor and a ceiling. The floor is support , and the ceiling is resistance . Let’s break down how this works and how to use these levels in your trading. 1. What Are Support and Resistance? - Support is a price level where buyers (bulls) are strong enough to halt a decline. → Example: Suppose the GBP/USD price drops to resistance line multiple times but bounces back each time. This line is a strong support level. - Resistance is a level where sellers (bears) take control, preventing the price from rising further. Why is this important? These levels help you anticipate where the price might reverse or continue moving. They’re like road signs on your chart! 2. How to Identify Support and Resistance on a Chart Start by analyzing price history. Support and resistance levels form where the price has repeatedly stalled. - Step 1: Open a daily or hourly chart . The larger the timeframe, the more significant the level. - Step 2: Look for points where the price reversed . For example, lows (for support) and highs (for resistance). - Step 3: Draw horizontal lines through these points. → Visual Example: On the GBP/USD chart, the price tested the level multiple times and bounced. This is clear support. The resistance level, where upward momentum stalled, acts as resistance. 3. How to Trade Using Support and Resistance There are two main scenarios: *bouncing off a level* and *breaking through a level*. Scenario 1: Bouncing Off Support or Resistance - If the price approaches support, consider opening a long position (buying), expecting a rebound. - If the price nears resistance, consider opening a short position (selling), anticipating a drop. Scenario 2: Breaking Through a Level If the price breaks support or resistance with high volume, it’s a signal to act: - Breaking resistance → Buy. - Breaking support → Sell. → Example: GBP/USD breaks above resistance at 2.01050. You enter a short position, placing a stop-loss below 2.04040 order-block. 4. Common Beginner Mistakes to Avoid - Overloading the chart with lines . Don’t mark every minor swing—focus on key levels. - Ignoring volume . A breakout without increasing volume is often a false signal. - Impatience . The price may test a level repeatedly—wait for confirmation before trading. 5. Practice Is the Key to Success 1. Study historical data . Open past charts and practice identifying levels retrospectively. 2. Use a demo account . Test your strategies risk-free. 3. Keep a trading journal . Note why you chose specific levels and analyze your mistakes. 6.Conclusion Support and resistance levels are your best allies in trading. They reveal market structure and guide your decisions. Don’t get discouraged if it feels challenging at first—practice will sharpen your intuition. Remember, even professionals make mistakes. Focus on risk management and continuous learning. Good luck! You’ve got this! 
Education
by Hastur_smc
Pound Steadies with Trade Deal ReliefThe GBP/USD pair opened Thursday with gains following the Bank of England’s expected 25 basis point rate cut, but the pound’s momentum faded as attention turned to U.S. trade developments. By Friday morning, the pair was trading around 1.3240. Sentiment shifted toward the U.S. dollar after the Trump administration announced an upcoming trade deal with the UK, helping Britain avoid steep reciprocal tariffs originally set to resume on July 9. While some relief came from Trump’s earlier ‘Liberation Day’ delay, a broad 10% tariff on all UK imports to the U.S. remains on track, potentially weighing on sentiment. Refined ethanol has been fully exempted, though U.S. import data shows none has been sourced from the UK in over 15 years. If GBP/USD breaks above 1.3280, resistance levels come in at 1.3450 and 1.3550. Support lies at 1.3160, followed by 1.3000 and 1.2960.
by ChartMage