GBPUSD-1.33000-1.33500 SELL to 1.29000 (300 Pips Down)!!!!Dear Traders, I Expect GBP will be start Correction from 1.33000-1.33500 To 1.29000 dont Forget Like&Comment please ! Regards, Alireza! Shortby alirezakUpdated 16
GBP/USD Longs from1.32000 back up This week's analysis for GBP/USD (GU) focuses on a potential retracement back to the 6-hour demand zone I've identified. Currently, the price is at one of my points of interest (POI) from last week, and we're already seeing signs of rejection. This suggests that the price may start moving downward from its current level. We’ll wait for mitigation at the demand zone before considering long positions again. However, if the price breaks through the supply zone and continues upward, there's an unmitigated weekly supply zone that could trigger a reversal. We'll have to monitor this, but for now, I’m aligned with the current bullish trend and hope to see a retracement, providing an optimal entry for buys. Key confluences for a potential GU buy: - The price has broken significant structure to the upside, indicating a desire to continue upward. - There’s a clean, unmitigated 6-hour demand zone, my main point of interest for potential long opportunities. - This analysis is in line with the prevailing bullish trend we're observing. - The dollar is showing bearish tendencies, which further supports a bullish outlook for GU. P.S. If the price suddenly drops and breaks through the demand zone, we can expect a major reaction at that level.Longby Hassan_fx9
GBPUSD → A change of sentiment. What happened?FX:GBPUSD is moving into a flat phase, possibly into counter-trend correction on the background of locally changed sentiment, formed by the fundamental background of Thursday / Friday, the dollar is growing on this background. The currency pair is forming a bull market wave on D1-W1. On D1, a clear transition from bear market to bull market is formed, which is confirmed by the breakdown of the structure and smooth confirmation by the subsequent impulse. The fundamental background is (temporarily) negative, there is no news for the next two days, respectively, the sentiment from last week remains. Technically, the zone of interest for MM is the support from D1 at 1.3044. On H1 we have a strong liquidity zone ahead, which may trigger a primary pullback to the equilibrium zone before a subsequent decline to the key support and liquidity zone. Resistance levels: 1.314, 1.3163 Support levels: 1.3088, 1.3081, 1.3044 Buyers decided to refrain for the time being, shorts on the currency pair are increasing on the background of the dollar growth. Ahead is an important event - CPI, PPI, as well as the Fed rate meeting on September 18. By this time the market may be neutral Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;) Regards R. Linda!Shortby RLindaUpdated 6662
Bearish drop?The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback resistance and could drop to the 61.8% Fibonacci support. Pivot: 1.3235 1st Support: 1.3112 1st Resistance: 1.3302 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets6
GBPUSD(Short)Turtle soup and Smart Money Concept Trading Strategy The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend. Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts. ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily) STOPLOSS :- above or below recent swing High 1st TARGET :- Book profit 50% 2nd TARGET :- Book profit 25% 3rd TARGET :- Book profit 25% Consisitency and hard working is the key of success. KEY OF SUCCESS :- *) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle. *) Do not take risk more than 1% of Equity. *) Take Profite Should be More then 2% of Equity . *) Book 50% profit of running trade first and remaining 50% hold for long term.Shortby FTS_25286
GBP/USD BEARS WILL DOMINATE THE MARKET|SHORT Hello, Friends! GBP/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 3H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.310 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals117
sell opportunityThe GBPUSD pair presents an enticing sell opportunity at the current price of 1.32050, with favorable potential for profit. Targets: Primary Target: 1.30990 Secondary Target: 1.28482 Breakout Scenario: 1.32880 In the event of a breach above the resistance level of 1.32880, indicative of a bullish breakout, the target price is anticipated to ascend towards 1.34000. Technical analysis indicates a notable selling sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed sell strategy, suggesting downward pressure on the GBPUSD pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.Shortby GODOCM6
GBPUSD Bearish Structure Over the weeks, GBPUSD price has been pushing to the up size in a diagonal channel which signifies some form of weakness in the bull move in the days ahead. As it stands I expect it drop a little below 1.2945 zone and push up further to 1.3333 to complete it bull run and drop. A sell stop should be placed t 1.3345 zone Shortby oxxygee5
Selling is AdvisedDue to not available on system I am sharing this chart from a cell phone…. Hope you understand the idea. Selling is advised upon every spike. Sl is 1.33 Tp is 1.29 and 1.28…. Good luck and trade safe….Shortby FOREX-MASTER1Updated 6
GBPUSD sell the redarea zonePEPPERSTONE:GBPUSD FX:GBPUSD FOREXCOM:GBPUSD GBPUSD is triple head now, so we are looking for sell onlyShortby TheFuturevip5
GU SHORT TO 1.31GU short, 78 fib/order fills and banking level 1.32 DXY Bullish at major support Shortby bob_cooke54346
GBPUSD - SELL SIGNAL Hello trades, I want to share with you my opinion about GBPUSD. Looking at the chart we can see breakout from UPTREND and onces the Market cross that support then I will sell. Guys, what do you think? Leave comment with your thoughts.Shortby FX_Eagle96
GBPUSD swing trade ideaGBPUSD has reached our area of interest between 1.32 and 1.32250, where we look for swing trades to the downside. Expecting bullish dollar before the US Presidential election, GBP weakness overall. Shortby martinmei6
GBPUSD For SeptemberGBPUSD likely overview for the month of September entries will be upon confirmation & retest Note: Only for educational purpose not an investment advice by Awii_KhanUpdated 11
Seasonal Reversal For GBPUSD6x8 Geometrical Angle touched.TD517 is a very strong time angle.so we can expect an bearish move. TD530 is the gravity center.Shortby Teekid7
Falling towards overlap support?GBP/USD is falling towards the support level which is an overlap support that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3104 Why we like it: There is an overlap support level that lines up with the 50% Fibonacci retracement. Stop loss: 1.3033 Why we like it: There is a pullback support level that aligns with the 88% Fibonacci retracement. Take profit: 1.3212 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets8
GU SellKey Confluences * 1 HR Push below 10 EMA * Consolidation at resistance zone * 1 HR bullish momentum reducing Trade at your own risk Shortby avionnieah5
What is Reward to Risk Ratio | Forex Trading Basics Planning your every Forex trade, you should know in advance the profit that you are aiming to make and the maximum amount of money you are willing to lose. In this educational article, we will discuss risk reward ratio - the tool that is used to compare your potentials losses and profits in Forex trading. What is Reward to Risk Ratio Let's start with an example. Imagine you see a good buying opportunity on EURUSD. You quickly identify a safe entry point, your take profit level and stop loss. From that trade you are aiming to make 100 pips with a maximum allowable loss of 50 pips. To calculate a reward to risk ratio for this trade, you simply should divide a potential gain by a potential loss: R/R ratio = 100 / 50 = 2 In that particular example, reward to risk ratio equals 2 meaning that potential gain outperform a potential loss by 2. Let's take another example. This time, you decide to short USDJPY. From a desirable entry point, you can get 75 pips rerward with a potential loss of 150 pips. R/R ratio = 75 / 150 = 0.5 Reward to risk ratio for this trade is 75 divided by 150 or 0.5. Such a ratio means that potential loss outperform a potential gain by 2. Positive and Negative Reward to Risk Ratio Risk to reward ratio can be positive or negative. If the ratio is bigger than 1 it is considered to be positive meaning that a potential gain outperforms a potential loss. R/R ratio > 1 If the ratio is less than 1 , it is called negative so that potential loss is bigger than potential risk. R/R ratio < 1 On the left chart above, the reward for the trade is bigger than a risk. Such a trade has positive reward to risk ratio. On the right chart, the risk is bigger than a reward. This trade has negative reward to risk ratio. Why? Knowing the average risk to reward ratio for your trades, you can objectively calculate the required win rate for keeping a positive trading performance. With R/R ratio = 0.5 2 winning trades recover 1 losing trade. You need at least 70% win rate to cover losses of your trading. With R/R ratio = 1 1 winning trade, recover 1 losing trade. You require at least 50% win rate to compensate your losses. With R/R ratio = 2 1 winning trade recovers 2 losing trades. You will need at least 35% win rate to cover losses of your trading. In the example above, the trading setups have 0.5 reward to risk ratio. In such a case, 2 winning trades will be needed to win the money back for 1 losing trade. Forex trading involves extremely high risk. Risk to reward ratio is a number one risk management tool for limiting your risks. Calculating that and knowing your win rate, you can objectively decide whether a trade that you are planning to take is worth taking. ❤️Please, support my work with like, thank you!❤️ Editors' picksEducationby VasilyTrader6669
Latest GBP Update Today: Price Continues to Rise StronglyConan, hello everyone! Currently, we are continuing to see a steady rise in GBP, having reached 1.3317 and the bullish momentum is expected to continue soon. On the price chart, an ascending trend line has formed along with the support of the 34 and 89 EMAs, indicating the potential for GBP to continue rising without any significant reversals. The immediate resistance to watch is at 1.3325, with the upper resistance of the price channel at 1.3400.Longby Conann_7
GPBUSD in Very Risky Way Momentum GBPUSD In very risky Scenario The entire market is currently focused on the upcoming FOMC meeting and the potential rate cut's that's may be announced. Market participants are amazing each piece of the US economic data as it is released trying to anticipate the federal reserve decision. However predicting a fed rate cut in the advance based solely on monthly data is challenging. If the feed decides to cut rates it Will likely be based on projected CPI Trend rather than just monthly data. Achieving the Fed's target for CPI and other indicators requires time making Thier decision somewhat subjectives. A common issue observes this time is the high level of market speculation by the major players. Chat often show camouflaged movements during critical moment's without any apprent reason. Technical Analysis: Price is moving inside a large trading pattern. If the price will manage to hold below the resistance zone located between 1.3230 -1.3265 Odds are GPBUSD can move lower tomorrow after the FOMC data. It's very risky to anticipate this bearish scenario given that the entire market expects the USD to weaken. However as long as we are not market makers anything is possible. You may find more details in the chart 📉 Plz Support with like and comments if you find this analysis useful for your Trading day ❤️Shortby MrCharlie1Updated 1145
GBPUSD H1 | Bearish DropBased on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 1.3167, which is an overlap resistance close to 23.6% Fibo retracement. Our take profit will be at 1.3118, a swing low support level close to 50% Fibo retracement. The stop loss will be placed at 1.3217 which is a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM4
PRICE CURRENTLY ON BREAKOUT AROUND THE RESISTANCE ZONE!!!Price maintains a bullish outlook after the U.S. fed interest rate cut and that of BoE interest rate cut too. as we continue to see buyers pushing price higher, above 1.32739. If we successfully break the zone, we’d be looking forward to buying GBP/USD as that zone , will In turn, become a broken resistance turn support Longby Cartela4
GBPUSD SELL ANALYSIS RISING WEDGE PATTERNSell Gbpusd when then the price to 1.30690 on 4hrs timeframe take profit target should be like 1.25379 . use money managementShortby FrankFx14Updated 4