Get started

GBP/USD_SPT - GBP/USD

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals Economic Calendar

GBPUSD_SPT trade ideas

GBP/USD Reversal AlertGBP/USD has reached its weekly resistance level, forming a bearish divergence alongside an almost double-top pattern, signaling potential downside pressure. While the U.S. dollar may exhibit temporary bullish momentum, contributing to a potential reversal in GBP/USD, caution is advised as the ABCD pattern remains incomplete. Traders should be mindful of this incomplete formation and manage risk appropriately when considering a reversal trade.
Short
by AnalytixEdgeByQasim
9
Analysis GBP/USD As I mentioned in yesterday's analysis, the price continued with its bearish momentum and collected the first liquidity (LQY) below. Today, I took advantage of the drop and opened a sell position, which I just closed since the New York Stock Exchange is nearing its end. Tomorrow, we have impactful news for both EUR and GBP, so I will take a break from trading tomorrow and wait to see how everything unfolds during and after the news. Yesterday, I noted that the day closed as a Doji, but that today would still be bearish, which indeed happened. On the hourly (H) charts, there’s a clearer picture of the liquidity areas above, so the news could push the price bullish in order to collect the sell orders above.
by andricstrahinja95
Directional bias for trade filtering on lower TF , or 70 win %Hi there! I’m excited to share a system I’ve developed called 'Zones.' These zones offer a directional bias, helping predict where price is likely to move next with a current follow-through rate of 70%. In other words, if the price exits one of the orange zones, there’s a 70% chance it will reach the next orange zone, at least touching the boundary, rather than reversing back and closing within the previous zone. You can trade these zones directly for a 70% win rate, or use them as a directional bias to complement your existing strategy on a 1-minute or 5-minute chart (which I highly recommend). Important note: When the price briefly exits a zone but doesn’t close outside it, this is not considered a valid exit — we call this a "spike" or wick. For the 70% win rate to apply, the price must close outside the zone. These zones are the result of years of research, experimental machine learning development, and collaboration with colleagues who have decades of experience in physics. And the best part? I’m offering them completely free. The real challenge isn’t just following a system with a 70% win rate — it’s whether you can overcome your own psychology and avoid sabotaging your success. If you had a winning strategy, what’s really stopping you from being consistently profitable? Often, the answer is ourselves. My zones are built on theoretical thermodynamics and mathematical proofs that help predict the likely trajectory of a system, similar to particle movement in physics. Keep in mind, the orange zone line represents an unpredictable area — while the price often touches the line, there are instances where it may not reach it. Due to the inherent limitations of modern physics, this zone remains an unsolvable area, adding a layer of uncertainty to the system. I promise, none of the paid indicators, whether it’s LuxAlgo or anything from a Pine Wizard or trading “guru,” can match the accuracy of these zones. But don’t take my word for it — try them for yourself and see the results!
by user2839409
GBPUSD I Swing long opportunity with upcoming fundamentalsWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
GBP/USD: Pound Faces Key Test Ahead BoE Governor Bailey’s SpeechToday, all eyes will be on Bank of England (BoE) Governor Andrew Bailey, who is set to speak at an event organized by the Institute of International Finance later in the day. Bailey’s remarks could prove pivotal for the Pound Sterling (GBP), especially as the market remains sensitive to signals regarding the BoE’s stance on monetary policy. Potential Impact of Bailey’s Speech If Bailey adopts a dovish tone by highlighting ongoing progress in reducing inflation and does not counter market expectations for further rate cuts this year, the Pound could face immediate selling pressure. Here’s what to watch for: Dovish Remarks: If Bailey acknowledges progress in disinflation and hints at more accommodative monetary policy, it could reinforce expectations of further rate cuts, leading to a drop in GBP. Hawkish Pushback: On the other hand, if Bailey suggests that the BoE is still vigilant about inflation risks and signals a less aggressive approach toward rate cuts, the Pound could find some support. Technical Analysis: GBP/USD Eyes Lower Demand Zones The GBP/USD pair remains under selling pressure, with our bias still tilted to the downside, consistent with our previous forecast. From a technical standpoint, the chart now features an additional mid-level demand area, where the Pound might find temporary support. Here’s how the setup is shaping up: Current Demand Zones: We have added an intermediate demand area in anticipation of a possible short-term reaction in the Pound. This zone could act as a buffer, offering a potential retracement opportunity before a possible continuation of the bearish trend. COT Report Insights: According to the latest Commitment of Traders (COT) report, retail traders remain predominantly bearish on the Pound, while institutional investors, often referred to as “smart money,” are beginning to accumulate long positions. This divergence suggests that while the broader sentiment remains bearish, there is emerging buying interest from major players, hinting at a potential reversal. DXY Overbought Condition: The US Dollar Index (DXY) remains in overbought territory, suggesting that its bullish momentum could be nearing exhaustion. This aligns with our outlook for a possible GBP retracement if the DXY experiences a pullback. Bearish Bias Maintained: Despite the potential for a short-term bounce, our overall bias remains bearish for GBP/USD. We expect the pair to continue sliding toward the lower demand area, where we will look for a more defined reversal pattern to consider a long entry. Trading Strategy: Waiting for a Long Entry Setup Given the current scenario, we maintain a bearish outlook for GBP/USD but will be closely watching the price action near the identified demand areas. Here’s our strategy: Current Position: No active positions, but we remain cautious about potential short-term volatility surrounding Bailey’s speech. Entry Plan: Should the price reach the lower demand area, we will look for a bullish reversal pattern to confirm a possible long entry. Stop Loss: Set a tight stop loss below the demand area to manage risk effectively. Target: Aim for a near-term rebound toward the intermediate resistance levels if a bullish setup materializes. Final Thoughts: Potential for Short-Term Volatility With Bailey’s speech potentially influencing the short-term direction of GBP, traders should be prepared for volatility. If the BoE Governor strikes a dovish tone, it could fuel further selling pressure on the Pound, aligning with our bearish bias. However, the overbought condition of the DXY and the building long positions by institutional traders suggest that a rebound could be on the horizon, particularly near the lower demand area. As always, it is crucial to exercise patience and wait for clear signals before entering trades, especially in a market driven by central bank communication and evolving sentiment. Stay alert for any surprises from Bailey’s speech and be ready to adapt to changing market dynamics. ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
Sterling Rebounded#trading_idea #GBPUSD 💡 💸Sterling - BUY THE DIP The pound dipped a touch on the dollar and held steady on the euro on Wednesday, as traders awaited remarks by Bank of England Governor Andrew Bailey that could affect expectations of the central bank's rate cut path. On the 1-hour chart, the price is rebounded from the support 1.2963 and rising up after big fall this morning. We may see a detergency between price graph and Momentum indicator. Additionally, the price is still below the 100-period moving average (MA100). 🔼If the price break up 1.29886 we may see further rise to 1.301. 🔽Alternatively, the price may retest the support 1.2963. What do you think? 😎 Hit "👍" if you believe the price will rise and "👎" if you think it's slide. ➡️➡️ TRY SABIOTRADE NOW
Long
by sabiotrade
GBPUSD SHORTMarket structure Bearish on HTFs DW Entry at Daily and Weekly AOi Weekly rejection at AOi Previous Weekly Structure Point Daily Rejection at AOi Daily EMA retest Around Psychological Level 1.31000 Entry at the same area as previous week Level, I will react accordingly as the week progresses H4 Candlestick rejection Levels 6.45 Entry 90% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King
Short
by mobbie_zw
GBPUSD Is Very Bullish! Long! Here is our detailed technical review for GBPUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.296. Considering the today's price action, probabilities will be high to see a movement to 1.303. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/USD analysis - 23 Oct 20241.3000 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 1.29675. If price breaks above 1.3000 then it should hit 1.3025. Below is our recommendation; Trade 1 (Risk 0.5% of your account size); Sell GBP/USD @ 1.2990 Stop Loss @ 1.3000 Take Profit @ 1.29675 Trade 2 (Risk 1% of your account size); Buy Stop GBP/USD @ 1.3000 Stop Loss @ 1.2990 Take Profit @ 1.3025 *Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
Short
by PalmTreeTradingUK
GBPUSD APPROACHING DISCOUNT PRICES📊GBPUSD CHART ANALYSIS Trend?📈📉 •4H - Bearish⬇️📉 •Daily - Bearish until next UNMITIGATED demand zone⬇️📉 •Weekly - Bullish📈(retracement phase) -The pound 💷 has been strong for the whole year making higher highs and higher lows. We have an overall bullish weekly trend with an UNMITIGATED demand zone and fair value gap below our recently violated higher low. - Price is slipping lower just before nfp and with new month ahead. We can anticipate price to open lower and give us a low of month before continuing a steep bullish trend📈⬆️. An update will be posted next month on this pair. For now, price is too 🏦💱expensive to fill enough buy orders to fuel the bullish trend further (or atleast to reverse market to new trend)
by ZIPHO67
GBPUSD Possible BUYThe market is currently testing the current Weekly support area. Based on Daily TF, the market seems to be forming a possible reversal chart pattern. We could see Buyers 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.
Long
by WiLLProsperForex
GBP/USD: Is the Dollar Weakness Back?After a brief two-day recovery, GBP/USD reversed course on Monday, losing 0.5% and continuing to show signs of weakness on Tuesday morning, trading slightly below the 1.3000 level. Market sentiment was cautious at the beginning of the week due to escalating geopolitical tensions in the Middle East, which bolstered demand for the US Dollar as a safe haven. The US economic calendar features the Richmond Fed Manufacturing Index for October, though it is not expected to significantly impact the market. Additionally, Bank of England Governor Andrew Bailey will deliver a speech at the Bloomberg Global Regulatory Forum in New York, but without expected comments on monetary policy, the event could have a minimal effect on the pound. The next important data releases for GBP/USD will be on Thursday, with the preliminary PMI Manufacturing and Services Index data for the UK and the US, which could provide further direction for the pair. It is also worth noting that on Tuesday, the market closed the day with a doji candle, opening up a potential bullish opportunity. We will see if today, during the London session, the market provides a clear confirmation to go long. Happy trading, and have a great day!
Long
by Forex48_TradingAcademy
1