Buy GU 1:2I’m buying GU on 1hr as I can see the price has changed direction.
Using the system of 1:2 rr.
GBPUSD trade ideas
GBP/USD Drops from Three-Week High Amid Tariff and Rate SpeculatThe British Pound fell to $1.244 from a three-week high after Trump’s tariff threats on semiconductors, pharmaceuticals, and steel fueled dollar strength. Markets focused on central bank policies, with the Fed expected to hold rates and the ECB likely to cut by 25bps. In the UK, the BoE is still expected to cut rates in February despite strong PMI data.
The first resistance level for the pair will be 1.2460. In the event of this level's breach, the next levels to watch would be 1.2500 and 1.2600. On the downside 1.2420 will be the first support level. 1.2350 and 1.2265 are the next levels to monitor if the first support level is breached.
4-hr GBP/USD: Bullish Momentum to Lift the Pound 150 PipsFor the past 2 weeks GBP/USD went up with 400 pips and this is why we believe we might be looking at a trend reversal. The strong bullish momentum is confirmed by the Golden Cross, a classic buy signal, which supports the hypothesis that buyers are again in control. After reaching a swing high at 1.2550, we registered a minor pullback, triggered by profit taking. The 120 pips correction stopped at 1.2430, which aligns with the 23% Fibonacci retracement level. This level has been a historic support zone, where corrections find their bottom and prices are expected to pick up with the current trend. Indeed, GBP/USD bounced off the 23% Fib with 30 pips already and we expect the price will revisit the are around 1.26, before we see another correction.
BUY TREND started in GBPUSD, Breakout & Retracement done there..📈 GBPUSD Price Forecast 📈
GBPUSD has broken out of the descending trendline and formed a symmetrical triangle pattern at the bottom of the downtrend. The breakout of the triangle has been confirmed, followed by a successful retracement to the breakout level. With buying volume increasing, the bullish momentum is strengthening.
The pair is expected to rally from the current level of 1.2220, aiming to break above the 200 EMA. The first major resistance lies at the 1.2320 supply zone, with further upside potential toward higher target levels.
🎯 Technical Target Levels:
- 1.2320 (First target and supply zone)
- 1.2365
- 1.2505
- 1.2565 (Final target)
📌 Key Highlights:
- Breakout of descending trendline and symmetrical triangle pattern.
- Retracement completed, signaling bullish continuation.
- Buyers gaining strength with increased volume.
- Focus on the 200 EMA and supply zones for further confirmation.
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posibility of uptrendThe price is expected to consolidate above the resistance area and then continue the upward trend.
If the price crosses the green support area and consolidates, the downward trend is likely to continue
GBPUSD Trading JournalGBPUSD Trading Journal
Jan29
Happy Lunar New Year-Wood Snake 2025
As I mentioned in my DXY journal, yesterday is a day when its termed high resistance- The whip saw back and forth with wicks and bodies layered is a sign TO TAKE THE DAY OFF AND SHUT DOWN THE COMPUTER.
Price did break out to the low side and take sell stops and rebalance a Hourly FVG, however a false breakout at best. Weak red folder in NY.
Price is delivering to discount on the daily range. However the previous days range is in a Premium. It seems likely that Price will want to gravitate to the Hourly FVG at the 50%. Today USD has 3 red folders so I will watch from the side lines unless I see the stars align set up and have all the confidence my analysis is correct I will paper trade. LOL
GBPUSD POSSIBLE SELL?The market is currently testing the current WEEKLY 0.786 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
GBPUSD Rounding OffHello traders,
After we had our trade close in breakeven, it now appears that GU is rounding off and might be forming a cup and handle formation as you can see on the chart.
However more confirmation would be better so it would be better to wait for some confirmation and this is a more riskier trade.
I have not posted a trade setup with tp and sl because I believe we need to see what the market will do.
If you are okay with taking the risk, you can wait for candle close above the trendline and long it to the previous highs with a stop loss somewhere in the middle of the bottom wicks.
GU 1H Sell Idea 1/25/25Since price is rejecting a monthly consolidation zone from 12/1/23, I would like a retest on the bottom of my 8H level to continue bearish at least up to the Daily Consolidation Zone that was created on 1/10/25.
Lower Lows and Highs have already started to form on the 1-5m, while the 15m is currently consolidating at market closure on 1/24/25. Also, the W. D, 4H, & 1H have all rejected the Monthly Consolidation Zone as of 1/24/25 market closure.
If the higher time frames line up, the sells will be valid.
GBP/USD Rolling Over at Resistance - Where Next?Chart Analysis:
GBP/USD is approaching the critical 1.2500 resistance level, a threshold that could determine the next directional move for the pair.
1️⃣ Resistance at 1.2500:
The horizontal level at 1.2500 has acted as a significant barrier, capping recent upward momentum.
A decisive break above this level would pave the way for further gains, potentially targeting the 1.2600 area or beyond.
2️⃣ Moving Averages:
50-day SMA (blue): Positioned at 1.2525, aligning closely with the resistance zone and reinforcing its importance.
200-day SMA (red): At 1.2791, remains above current price levels, indicating that the longer-term trend still favors the bears.
3️⃣ Momentum Indicators:
RSI: At 51.49, showing neutral momentum but with room for further upside before reaching overbought territory.
MACD: Remains below zero but is trending higher, suggesting improving bullish momentum.
What to Watch:
A sustained breakout above 1.2500 and the 50-day SMA could signal the start of a bullish reversal.
Failure to clear this zone may result in a pullback, with immediate support at 1.2400 and further downside toward 1.2300.
GBP/USD remains at a pivotal juncture, with the 1.2500 level acting as a key hurdle that bulls must overcome to establish a broader recovery.
-MW
GBPUSD LONGTesting out a new strat. GU broke out on the rsi on m30 expecting a bullish move for the day
GBPUSD longs before the big short it'll go up as its coming off a OB, liquidated , and to go to buy side liquidity
100+ pips
after that we expect a big short of 400 + pips
GBPUSD - ANALYSIS👀 Observation:
Hello, everyone! I hope you're all doing well. Let me share my personal view on GBP/USD with you.
Based on the current market structure, GBP/USD is showing signs of weakness in both the 1-hour and 4-hour timeframes. I expect a potential bullish move either from the 1.24157 level or the 1.23771 level. My target for this move is within the zone of 1.25770–1.25669.
📉 Expectation:
If GBP/USD breaks below the key level of 1.22934 in the 1-hour timeframe, I anticipate a much deeper price drop for GBP/USD.
💡 Key Levels to Watch:
Resistance: 1.25770–1.25669
Support: 1.24157, 1.23771, 1.22934 (key level)
💬 What’s your view on the GBP/USD this week? Share your thoughts in the comments below!
Trade safe
GBPUSD-BEARISH IDEAGBPUSD seems to be in bearish trend as it's showing characterstics of making LL to LH in 61 bars and rejection from 0.6-0.7 fib level within the bearish channel.
GBP/USD Bullish Setup: Buyers Show Strong InterestAnalysis:
The Cable (GBP/USD) on the hourly chart has demonstrated impressive strength to the upside recently. However, on Friday, we observed a trend-changing pullback, with price retreating from a high of 1.2502 to a low of 1.2426.
Following this, the price broke the previous high again before creating a momentum low at 1.2414 earlier today.
On the 5-minute chart, a bullish setup has now formed following the momentum low. This suggests that buyers remain engaged, and we could see a bullish move back towards the 1.2499 level or potentially the high of 1.2524.
Entry Price: 1.2447 Long Entry
Stop Loss: 1.2412
Happy trading!
short term longs GBPUSD longs, before the big short
lots of consolidation
it'll go up to re-visit the supply
GBPUSD - BEARISHWE ANTICIPATE MORE BEARISH BIAS.
With the formation of head and shoulder pattern, we expect the neckline to be broken and we expect more sell bias, while any buy bias is basically a retracement and a more opportunity for sell to gather more momentum towards downtrend
GBPUSD - LongSMT at the lows, inside a bullish day FVG, just taken sell side, I'm looking for it to take some buyside now.
GBPUSDThe current Daily Current Market Price for GBPUSD is 1.23945. Reason for Entry: The support level at POI with 1h confirmation. indicating a strong buying opportunity. This level aligns with significant technical support, suggesting potential upward movement.
GBPUSD in bullish trend GBPUSD in bullish trend with bearish diversions, Entry with a sell stop below the last HL, use sl and tp rish .5%
GBP/USD Buyers Retreat from Three-Week HighsThe pound remains in a corrective phase against the dollar, with sellers testing key support levels. While the broader uptrend remains intact, a break below 1.24255 would signal deeper corrections. Conversely, a move above 1.25227 would reaffirm bullish momentum.
Read the full article here:
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