Looking at GBPUSD Price ActionsLet's Read the GBPUSD Market Price Actions and Looking for Trade Opportunities, Good Luck With Your Trades <311:56by FXSGNLS1
GU Bullish but be cautiousPrice is pushing bullish but starting to reach areas that it can turn around at. Just be cautious with positions. we are still pending fed rate announcement this week that can totally shake things up. Long02:36by DWoodz0
GBPUSD-Wait for 3rd Drive?Price seems pulling back to trend line. Wait for reversal to "BUY" . Then rides the up trend to the 3rd drive.by chaorua0
Fundamental Market Analysis for September 17, 2024 GPBUSDEvent to pay attention to today: 15:30 GMT+3. USD - Retail Sales GBPUSD: The GBP/USD pair reached a high on a relatively quiet Monday, marking the start of the new trading week with a renewed bullish sentiment and a move back towards 1.32000. Investor sentiment remains positive as markets anticipate significant central bank speeches this week, with a potential rate cut by the Federal Reserve and another Bank of England (BoE) speech widely expected. The US retail sales figures are scheduled for release on Tuesday, but the key indicator, which typically causes some volatility, is not expected to have a significant impact this week unless the data deviates significantly from expectations. The month-on-month retail sales growth for August is forecast to decelerate to 0.2% from July's 1.0%, while the underlying month-on-month retail sales figure (excluding auto purchases) is expected to slow to 0.3% from 0.4%. In the UK, the latest Consumer Price Index (CPI) data will be released at the start of Wednesday. It is anticipated that the annualised figure for August will remain at 2.2% year-on-year. As with US retail sales, the standalone figure is not expected to have a significant impact on the market as long as it falls within a reasonable range of average market forecasts. Investors anticipate that the Federal Reserve will commence a new cycle of interest rate reductions on Wednesday. The key issue now is not when this will occur, but rather the extent of the cuts. CME's FedWatch tool indicates that traders anticipate a 60% probability of a 50 bp reduction in the federal funds rate, with the remaining 40% expecting a more modest 25 bp cut. Betting markets also estimate an overall rate cut of 125-150 bps by the end of the year, with traders believing there is about an 80% chance of the Fed funds rate reaching 400-425 bps by 18 December, compared to the current interest rate of 525-550. The Bank of England will also issue its own rate statement on Thursday, but it is anticipated to be considerably less noteworthy than the Fed's statement. It is anticipated that the Bank of England will maintain its principal discount rate at 5.0% this week. Additionally, the Monetary Policy Committee (MPC) is expected to vote in favour of maintaining the rate at seven to two, in contrast to the previous Bank of England meeting where a vote was cast to cut the rate by a quarter point, resulting in a five to four outcome. Trading recommendation: We follow the level of 1.32000, when fixing above it we take Buy positions, when rebounding we take Sell positions.by Fresh-Forexcast20040
We finally broke out of the [b]FLAG[/b] seeing the channel expanding strong bullish. out of the flag we witnesed last week. The flag is complete and we broke the upper trendline with utter momentum, now its time to follow the new pattern forming. Longby TheKang2551
Forex Portfolio Selection Using Currency Strength Index (CSI)Hello Traders, Today, I’ll share my portfolio selection approach in forex trading. This method helps identify the best forex pairs to trade based on their relative strength. The simplest and most effective strategy is to use the Currency Strength Index (CSI), combining the H4, Daily (D1), and Weekly (W1) cumulative strength. By analyzing this data, we can identify the strongest and weakest currencies at any given time. Once we have this information, the next step is to pair the strongest currencies with the weakest. Here are today’s portfolio selections: BUY Pairs: GBPUSD, GBPCAD, GBPNZD SELL Pairs: USDJPY, CADJPY, NZDJPY, USDCHF, CADCHF, NZDCHF The key benefits of this portfolio selection process are: A focused view on the most profitable currency pairs An objective approach to trading decisions Clear direction on which way to trade (buy or sell) Like, comment by letting me know what you think and follow me for more trading education. Happy trading!Education19:38by Charts247TradingAcademy0
GBPUSD LONG From the previous weekly closing sharply after rejecting 1.30000 we could see a new leg to the upside on GU, following confirmations of the 4hr structure, the pair could rally into new highs 1.32500 weekly area. Hvae a good trading day Long05:40by Technicalrayner3
GU can go either way now. Waiting for more dataNeed to see more before standing firm on a direction. With the recent bullish breakout I want to how it reacts the next 2 days before the fed rate announcements. 02:04by DWoodz1
BUY GBP/USDGBP/USD is giving us a bullish price action based on the market structure. We are seeing from a weekly perspective we are retesting the previous HH forming now a new HL at around 1.30362 and as such we can expect a continuation off this level to form a new HH, Scrolling down on our daily timeframe we can see where we have a structure shift from being bearish to now being bullish after invalidating level 1.31025 this indicates that price is no longer going down and is forming structure to the upside. Scrolling down to our 4h time frame things are quite clear we have switch from being intraday bearish to intraday bullish with price crossing the 200 MA we can only expect price to move up from here.by aplustrading_113
My Thoughts on G/U this weekMonthly: Overall Trend is Bullish, experiencing PB Weekly: Candle opened bullish, pushing out of FVG, will be looking for buys and then sells by the end of the week Daily: candle opened bullish, looking for buys 4hr: Cross of EMA, opening bullish, once we have re-test of TL, will mean continued buys 1hr: is coming out of consolidation, looking for BOS and FVG to enter Entry: 1hr: once I get BOS and FVG that holds, will be looking for buys 5m: will be early entry using same itemsLongby Justmzj2u0
GBPUSD is in the Selling Direction after breaking suPportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chartsby ForexMasters20000
GBPUSD Massive Short! SELL! My dear subscribers, My technical analysis for GBPUSD is below: The price is coiling around a solid key level - 1.3120 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.3089 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK Shortby AnabelSignals111
Wednesday Weekly Reversali would take a thursday or friday trade if price was above weekly open. ill still do screenshot of actual weekly playbook to have them as many as possible. Longby Bufalodorato0
stand by for red and greenI will follow the red and take a long if it clearly breaks the present price level to follow the red line, if it croses and above level, I will change my plan and will looking to get a good position for my green line.by Darklight0
GBPUSD trading idea . GBPUSD still bullish n creating same simple structure,bullish flag it's the easy thing to me,buying entries 1.30500 to 1.30600 this is not a signal this is what I see n am sure everyone can see what am seeing,there is no need to complicate things let's make trading easiest thing,just try to not be in hurry for anything n wait for market to come to you n simple make money I wish you all profitable week ahead.Longby mulaudzimpho2
ANTICIPATING TRADES BY APPLYING TRADING STRETEGYAnalysis of GBPUSD Forex pair carried out on 12 Sep 2024 by applying following trade strategy:- 1. Bearish trend 2. Bullish Divergence 3. No continuation pattern 4. Double Bottom reversal pattern formed 5. Bullish Harmonics pattern AB=CD pattern formed and chart near point D, PRZ 6. Anticipated that chart will go bullish by making HHs & HLs 7. Initiated two trades on MT4 by marking buy stop on break out of LH and stop loss at LL as no HL is still formed Longby akyzai711
Looking at GBPUSD Price ActionsLet's Read the GBPUSD Market Price Actions and Looking for Trade opportunities in next Week, Good Luck With Your Trades <310:09by FXSGNLS1
GBP/USD Outlook: Bullish or Bearish?OANDA:GBPUSD As the new week unfolds, market uncertainty ahead of potential interest rate cuts, GBP/USD could go in either direction on Monday. Bullish Scenario: The price revisits the IVFG, respecting it once more before disregarding the marked BPR and continuing its upward trajectory, rallying to take out sell-side liquidity. Bearish Scenario: The price fails to respect the IVFG, revisiting it for a bearish continuation to clear buy-side liquidity.by bobphamm2
GBP/USD Outlook: Bullish or Bearish?OANDA:GBPUSD As the new week unfolds, market uncertainty ahead of potential interest rate cuts, GBP/USD could go in either direction on Monday. Bullish Scenario: The price revisits the IVFG, respecting it once more before disregarding the marked BPR and continuing its upward trajectory, rallying to take out sell-side liquidity. Bearish Scenario: The price fails to respect the IVFG, revisiting it for a bearish continuation to clear buy-side liquidity.by bobphamm2
Lets start trading after long time rest.I was not publishing any ideas because i was a bit busy with my study. Now i bought a prop firm, so lets make money together. Feel free to contact me and lets create one powerful trading community and live our dream life. Longby beggywuchkunov0
GBPUSD 4hr Bullish Setup (FVG Entry)KRAKEN:GBPUSD is forming a good bullish setup on the 4hr timeframe, we can long from the FVG area towards the first and second targets, I dont recommend SL but SL is just to not get liquidated.Longby breakthroughreality0
MMBM 2RR Tradethis trade was based on Market Maker X Model by ICT FX:GBPUSD it was not that volatile so i ended the trade early :) Hope yall a good dayLong04:24by ictconceptsvietnam112
GBPUSD SELL ANALYSIS Deae trader and friends, I present to you my humble idea on GBPUSD for your view and action to trade the market ... Always apply money management.. Good luck Shortby Olumine0