GBPUSD continuous bullish trendAccording to the dow theory their is a continuous series of Higher highs and Higher lows So according to my knowledge this trend will countinue for a whileLongby muzairafzal19921
GBPUSD Looking for shorts price rebalancing the fvg. Targeting ssl. Stops just above Shortby hskarue10
short on GBPUSDthe price is approaching to Point of Interest for looking short on Mouth of FL Shortby mae7476228
GBPUSD TAKE SELL ENTRY NOW!!!!!!!!!GBPUSD Rejected from the premium zone on the fvg at this point am going in short on GBPUSD and also holding till we run all the sell side liquidity down till new lows is created JOIN AND ENJOY TELL US YOUR VIEWS ON THIS...............?Shortby CAPTAINFX2101051
MMXM Entry, from ERL to IRLWhenever the Markets liquidate a previuos daily high,aim at the Internal Range Liquidity, thats a fair value gap according to Ict Mentorship,from premium to discount PD Arrays. you are welcomeShort03:31by WealthUnitFxGiant336
GBP/USD BUY STOP 1.32170Hi Traders we have beautiful trade on GBP/USD BUY STOP @1.32170 Trade was taken from H4 marking HL & LH, entry level was taken from 15Minutes. Certified price action kingLongby Low-keyFXtrader3
BE READY TO LONG GBP/USD !!!! the overall trend is bullish on the 1-hour timeframe and there is a 15-minute demand zone with an untested imbalance, consider buying when the price reaches this zone and you receive confirmation of a trend reversal. however today we have red folder news at 5 so no confirmation on trade !!!!!Longby ammarzmind1
GBPUSD bull flag patternIntraday Update: Cable take out new trend highs intraday as bull flag pattern takes place, RSI divergent. While above the 1.3150, upside targets remain at 1.3280's near term. Longby ForexAnalytixPipczar2
GBPUSD Short BiasHello traders. GBPUSD is another sell i am interested in. Recently we had a very strong GBP.. We can expect it to go a little bit higher but i am in shorts already. This is because (like i mentioned in the EURUSD trade idea i've shared), we can expect a stronger US Dollar during the month of September. Historically speaking, September is a solid month for USD. What makes this trade tricky, is the size of the weekly supply zone marked.. Technically it makes entry a little trickier than usual... However you can wait for confirmation and short GU if your analysis tells you the same. Happy and safe trading to you all! Take care.Shortby NeddFx132212
GBPUSD TUESDAY 26thBuy side liquidity has been taken out (Friday high) after tapping on the 4hr fvg. Price left a daily bisi yesterday with sell side liquidity sitting above it so expecting a draw on ssl today then watch if price will respect the daily fvg. NB: News coming later at 5pm 👀 waiting for the new York session.Shortby hskarue111
GBPUSD, DailyGBPUSD consolidated after marking a new high, indicating an accumulation phase before surging further. Both EMAs show solid upward momentum without a reversal signal. If GBPUSD retraces before its continuation, the price may test the EMA21 dynamic support. Conversely, if GBPUSD continues surging, the price may test its resistance at 1.3200. by Exness_Official2
GBP/USD bulls don’t give up despite facing increased resistanceGBP/USD is back attempting to build the gains further after snapping a 7-day winning streak on Monday as the UK was closed for a Bank Holiday. The pair climbed over 3% in that time but the gains amount to 4.4% from the lows on August 8. Powell’s commentary at the Jackson Hole Symposium last Friday added further bearish pressure on the dollar as he all but confirmed a rate cut in September following a softening in US economic data. With a relatively thin economic calendar this week we could see traders turn their attention to the US PCE data released on Friday to get further confirmation that a rate cut is the only viable option at the next FOMC meeting. If so, we could see further weakness in the US dollar, allowing GBP/USD to continue building higher. If, however, the data comes in stronger than expected we could see markets doubt on the magnitude of the cut (25bps vs 50bps) which could see some of the recent moves undone. The GBP/USD daily chart has started to show signs of extreme over-extension in the bullish rally as the pair crosses over 1.32 for the first time since April 2022. Last time the RSI was this overbought was in July 2023 but back then the price topped at 1.3140. If traders can consolidate above 1.3229, we could see the focus set on 1.33 over the coming days. That said, there is likely to be some resistance in the move higher as a correction is likely and we could see sellers trying to find a good entry point. For now, the bullish bias remains intact as long as GBP/USD remains above 1.30 even as a corrective selloff takes place. by Capitalcom6
Sell OpportunityThe GBPUSD pair presents an enticing sell opportunity at the current price of 1.32230, with favorable potential for profit. Targets: Primary Target: 1.31580 Secondary Target: 1.29900 Breakout Scenario: 1.33150 In the event of a breach above the resistance level of 1.33600, 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 GODOCM3
Identifying Key Support and Resistance Levels: Beginner’s GuideWelcome to the market’s game of zig-zag. On the one side, we’ve got the bulls pulling prices up (doing the zigging), and on the other, the bears dragging them down (doing the zagging). Somewhere in there lies a delicate balance—where prices pause, reverse, or break through. These are support and resistance levels, and if you want to play in the big league and run shoulders with big sho(r)ts, you need to know how to spot them. Let’s dive in. Support and Resistance: The Basics Imagine the market as a ping-pong ball bouncing between two invisible walls. These invisible walls are called support and resistance . The floor is support—where buyers step in to catch the fall. The ceiling? That’s resistance, where sellers say, “Not so fast,” and push the price back down. Your job? Figure out where these walls are and use them to your advantage. Support is the price level where a downtrend could pause due to strong enough demand, or buying momentum. Think of it as a safety net—a level where the price stops its freefall, cushioned by determined buyers. Resistance is the opposite. It’s the price level where an uptrend might stall because sellers step in, seeing the price as overbought. It’s the market’s ceiling, and breaking through it can be tough. How to Spot Support and Resistance Here’s the good news: spotting these levels is easier than you think. Start by zooming out on your chart and identifying where price reversals have occurred. Where has the market consistently bounced up from? That’s your support. Where has it been smacked down? That’s your resistance. That’s also when everyone becomes a chartist and technical analyst—draw horizontal lines at these levels. And boom, you’ve just identified key support and resistance zones. But there’s more to it than just connecting the dots. Horizontal Levels: The Classics The classic way to identify support and resistance is to look for horizontal levels. These are price levels where the market has historically reversed multiple times. If the price has bounced off $50 three times, you’ve got yourself a solid support level. Likewise, if $75 has been a brick wall for the price, it’s a clear resistance level. Trendlines: The Dynamic Duo Horizontal lines are great, but what if the market’s trending? That’s where trendlines come in. Draw a line connecting the higher lows in an uptrend or the lower highs in a downtrend. These lines can act as moving support or resistance levels. They’re not just lines—they’re the market’s roadmap. Want to get things even more heated up? Look for channels by identifying the higher lows in the uptrend coupled with the higher highs. Apply the same but in reverse for downtrending markets—lower highs and lower lows is what makes up a channel. The Role of Volume Here’s where it gets a little spicy. You have to add volume in the mix. When you see a support or resistance level holding up with high volume, it’s like getting a thumbs-up from the market. If the price breaks through a level with high volume, it’s more likely to keep moving in that direction. Low volume? Don’t get too excited—it could be a fake-out. Psychological Levels: The Round Numbers Game Ever noticed how prices tend to stall at round numbers? That’s no accident. Humans love round numbers and the market is no different. Levels like $100, $1,000, or even $100,000 (did someone say Bitcoin BTC/USD ?) often act as psychological support or resistance. It’s not science—it’s market psychology. How to Trade Support and Resistance Now that you know where the walls are, or inflection points, let’s talk strategy. Trading support and resistance isn’t about guessing where the market will go—it’s about stacking the odds in your favor. Buying at Support (DYOR, tho) : When the price pulls back to a support level, it’s a prime buying opportunity. Just remember, you’re not the only one watching this level—fellow retail traders, professional money spinners and lots of algorithms are trained to chase trends. Use additional confirmation, like a bunch of indicators stacked together , before you pull the trigger. Selling at Resistance (DYOR, tho) : If the price rallies to a known resistance level, it’s time to think about selling. Again, wait for some confirmation—a rejection, bearish pattern, or a volume spike—to avoid getting caught in a breakout. Breakout Trades (DYOR, tho) : If a price breaks through support or resistance with conviction (read: strong volume), it often leads to significant moves. You can trade these breakouts, but be cautious of false breakouts. Nobody likes getting trapped. Final Thoughts Support and resistance levels are like the market’s heartbeat. They reveal where the big players are making their moves and where the action is likely to heat up. Whether you’re looking to jump in or bail out, these levels are your go-to guide. So, the next time you’re analyzing a chart, remember—those lines aren’t just random. They’re the market’s battle lines, and now, you’ve got the intel to trade them. Let’s wrap this up with some inspiration from legendary trend follower Paul Tudor Jones: “I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.” Do you trade with support and resistance levels? Let us know your thoughts in the comment section! Editors' picksEducationby TradingView55240
Short GBP/USD Pull Back Short On GBP/USD Pull back opportunity from current highs Tight stop loss incase momentum continues up just above previous high. Price is currently bounces of high levels Yesterday has been the first day in since long strength began where we finished in the red on the daily. Perhaps signs of a pull back to previous support Target 1 TP 1.31000 Target 2 TP 1.30000 SL 1.32400 Shortby SGB9212
Trade ideaWe are in consalidation and idk where i need to trade, so i am looking tommorow for tradesShort02:21by Thymo212
GU ANALYSIS 27/08/2024 As per my analysis price may move sideways to grab more liquidity make a impulsive move. if price liquidate the Asian low will have chance to move upward bias. if clear breaks below with higher timeframe will price dive to grab the lower imbalance of 4HR timeframeLongby Enoshfx0
GBPUSD: Important Bullish Pattern📈The GBPUSD pair formed a symmetrical triangle pattern on the hourly chart following a significant uptrend. Breaking through the triangle's resistance is a strong indication of further bullish momentum, suggesting a likely continuation of the upward trend. The price is expected to potentially reach the 1.3229 level in the near future.Longby linofx1227
GBP/USD in Rally: Geopolitical Calm Sparks Bullish MomentumThe GBP/USD pair is currently in a bullish phase, trading near its highest level in the past three weeks, just below the 1.2900 mark. This movement followed the easing of concerns about a broader conflict in the Middle East, after recent hostilities between Israel and Hezbollah in Lebanon did not escalate further. The reduction in geopolitical tensions has supported risk sentiment, helping GBP/USD to rise. Fundamental Analysis The recent rise in GBP/USD can be attributed to a combination of diminishing geopolitical risks and favorable technical positioning. On Thursday, the pair initially fell towards 1.2800 following positive economic data from the United States. Initial Jobless Claims in the U.S. decreased by 7,000, reaching 227,000, and retail sales for July increased by 1%, well above the expected 0.3%. This positive data temporarily strengthened the U.S. Dollar. However, with the improvement in risk sentiment throughout the day, GBP/USD regained momentum and closed in positive territory. The resilience of GBP/USD despite the positive U.S. data suggests an underlying bullish momentum driven by risk appetite. Looking ahead, the U.S. economic calendar includes data on housing starts and building permits for July, along with the preliminary Consumer Sentiment Index from the University of Michigan for August. Outlook The short-term direction for GBP/USD will likely be influenced by risk sentiment and potential profit-taking as the week comes to a close. A bullish opening on Wall Street could weaken the U.S. Dollar and support further gains in GBP/USD.Shortby Forex48_TradingAcademy228
Fundamental Market Analysis for August 27, 2024 GBPUSDAt the start of the new trading week, the GBP/USD exchange rate saw a slight decline, falling below 1.32000 on Monday. This marks the end of a seven-day winning streak that saw the pair rise more than 3% from 1.28000 to a 29-month high of 1.32300. UK markets were closed on Monday due to a bank holiday, which had the effect of reducing the volume of sterling flows and providing a boost to the US dollar. Following a period of heightened risk appetite, markets are currently adopting a more cautious stance in light of the Federal Reserve's indication that a rate cut is likely to occur in September, barring any significant shifts in economic data. The economic calendar for the upcoming trading week is expected to be relatively inactive. On Thursday, the anticipated figure for US gross domestic product (GDP) for the second quarter is expected to remain unchanged at an annualised rate of 2.8%. The focus on Friday will be on the July core Personal Consumption Expenditure (PCE) price index, which is expected to remain unchanged at 0.2% month-on-month. The year-on-year PCE inflation rate is forecast to increase from 2.6% to 2.7%. Nevertheless, investors anticipate that inflation is approaching the Federal Reserve's 2% target, which may result in a rate cut in September. US durable goods orders saw an unexpected increase of 9.9% in July compared to the previous month, exceeding the projected 4.0% and reversing a revised contraction of -6.9% in June. However, concerns persist as, when excluding transport costs, durable goods orders declined by -0.2% month-on-month, worse than the anticipated 0.0% and 0.1% in June, which were revised down from 0.5%. Trading recommendation: Trading predominantly Buy orders from the current price level.Longby Fresh-Forexcast20040
Looking at GBPUSD Price ActionsLet's Look at GBPUSD Chart and Reading Price Actions and finding some Trade Opportunities, Good Luck With Your Trades :D10:16by FXSGNLS1