British Pound / U.S. Dollar forum
GBPUSD We are still dropping, good job traders who were able to catch it.
GBPUSD GBPUSD Intraday Trade Setups
Trade Idea: Buy Intraday Trade Setup
Entry Price: ✨ 1.25242
Stop Loss: ❌ 1.25000
Take Profit 1: 🎯 1.25500
Take Profit 2: 🎯 1.25600
Reason for Entry: The entry price of 1.25242 is near a significant support level, confirmed by the daily Fibonacci retracement. The price action suggests a potential upward reversal, with the first target at 1.25500 and the second target at 1.25600. The stop loss is placed at 1.25000 to manage risk effectively.
Trade Idea: Sell Intraday Trade Setup
Entry Price: ✨ 1.25672
Stop Loss: ❌ 1.25850
Take Profit 1: 🎯 1.25500
Take Profit 2: 🎯 1.25400
Reason for Entry: The entry price of 1.25672 coincides with a strong resistance level, supported by daily Fibonacci retracement levels. The market shows signs of a potential downward movement, with the first target at 1.25500 and the second at 1.25400. The stop loss is set at 1.25850 to control risk.
Summary:
GBPUSD is at critical levels, with support at 1.25242 and resistance at 1.25672. The Buy Setup at 1.25242 targets 1.25500 and 1.25600, while the Sell Setup at 1.25672 targets 1.25500 and 1.25400. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.
GBPUSD Market Condition Sell Side if the price Breakout from There Next Decent Support 1.24500GBPUSD 
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GBPUSD wait for this zone to short,follow for more and boost it
GBPUSD 📊 GBPUSD 26th December 2024 Daily Analysis Based on Main Key Levels
In this analysis, we will evaluate the current state of the GBPUSD market, identifying key price levels and potential trading strategies.
📍 Daily Current Market Price (DCMP)
The current market price for GBPUSD is 1.25448. This serves as a crucial reference point for identifying trading opportunities.
📉 Key Levels
🛑 Resistance (Above DCMP)
Resistance 1: 1.25905
Resistance 2: 1.26876
Resistance 3: 1.27476
✅ Support (Below DCMP)
Support 1: 1.24935
Support 2: 1.24335
Support 3: 1.23364
📉 Swing Levels
Swing High: 1.28116
Swing Low: 1.26082
Summary of Analysis
The GBPUSD market is currently positioned at 1.25448. Key resistance levels above this price include 1.25905, 1.26876, and 1.27476. The support levels below this price are 1.24935, 1.24335, and 1.23364. The swing high is at 1.28116, and the swing low is at 1.26082.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 1.24935
Stop Loss: ❌ 1.24800
Take Profit 1: 🎯 1.25200
Take Profit 2: 🎯 1.25400
📌 Reason for Entry
The price is approaching a key support level at 1.24935, indicating a favorable buying opportunity based on technical analysis.
💼 Intraday Sell Trade
Entry Price: ✨ 1.25905
Stop Loss: ❌ 1.26000
Take Profit 1: 🎯 1.25600
Take Profit 2: 🎯 1.25400
📌 Reason for Entry
Resistance at 1.25905 suggests a potential selling opportunity, with targets set below this level.
💡 Conclusion
This analysis provides a concise overview of key levels and trade opportunities for GBPUSD. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!
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