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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBP/USD Analysis – 4H Bullish MomentumHello, Traders! 👋 Here’s my latest analysis of GBP/USD on the 4H timeframe. The chart presents compelling bullish signals that suggest a continuation of the upward trend after a potential retracement. Key Observations: 1️⃣ Bullish Divergence on RSI: - The 4H RSI displays a bullish divergence, indicating potential buying momentum as price action aligns with oversold conditions reversing upwards. 2️⃣ Market Structure Shift: - A clear shift in market structure supports bullish sentiment, confirming the likelihood of a continued rally after the retracement. 3️⃣ Retracement Zone: - The market is likely to retrace to the 1.2580 level, offering an optimal entry zone for buyers before the next leg upward. Target Levels: - Short-term: 1.2850 - Mid-term: 1.3000 - Long-term: 1.3450 Trade Plan: 🔹 Entry Zone: Look for bullish price action confirmation near the 1.2580 level. 🔹 Stop Loss: Place stops below 1.2505 to account for potential volatility. 🔹 Take Profit Levels: - 1.2850 - 1.3000 - 1.3450 Risk Management: Risk no more than 1-2% of your capital on this setup. Be patient and wait for retracement confirmations to enter long positions. Monitor the retracement to the 1.2580 level for potential buy entries, with targets scaling up to 1.3450. Let me know your thoughts and share your ideas below. Happy trading! 🚀 #Forex #GBPUSD #Bullish #TradingViewIdeas
Long
by Akshulive
1
GBPUSDThis pair has the potential to drop guys! This is due to how structures are developing. From the higher timeframe we see this price having such a potential, However we need to wait to see where the market will allow us to get in. Most traders lose their money due to lack of patience, they jump to the trade very early by just thinking that the market will move without them. The good thing is, Market always communicate before the momentum kicks in. Learn to be patient
Short
by Richard_Mkude
1
Could the Cable reverse from here?The price is rising towards the pivot which aligns with the 38.2% Fibonacci retracement and could drop to the 1st support which acts as a pullback support. Pivot: 1.2859 1st Support: 1.2616 1st Resistance: 1.3044 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.
Short
by ICmarkets
GBPUSD Short time strategy.It is difficult to enter the GBP with a neat waveform like the ones in textbooks, but since I am thinking of using the same strategy for the USD/pairs in general this week, I will post an idea 🙏. The monthly chart shows that the momentum of dollar selling that has continued since April this year is weakening due to the breakout of Monthly chart HL (---purple line M) and the trend line. On the weekly chart, the pound was bought back due to factors such as Thanksgiving, when the US market is not moving and liquidity is low, and the rebalancing at the end of the month (commonly known as the London fix), which I think overlaps with the movement based on the fact that corrections will occur if important support and resistance lines and zones are broken. On the daily chart, return high and the SR zone have been broken out vigorously by the candle leg, but it appears that dead cross MA is suppressing the momentum. on the 4 hour chart, It was actually held down once for 4 hours, and the second attempt was also held down and closed for weekend. Currently, it is moving above the 4-hour MA. Summary. Strategy. 1. Purple curved line. Long. A market pattern where the momentum of buying the GBP from last week remains. The daily chart will see some crrection pushed by dead cross MA on Monday, but it is thought that it will try to rise again from around the 4-hour MA to the purple dotted line. 2. Red curved dotted line. Short. A market pattern where the buying momentum is weak. Short when it breaks through the purple dotted line and returns. Price has Holding down by the weekly zone and daily MA. 3. Gray curved line. If the buying momentum on the daily chart does not stop, wait and see until the next zone, the gray line MSR, or take long position by touching the MA on the lower chart below 4 hours. Happy tradings.
by Nana-73
GBP/USD Weekly Analysis"On Monthly: Like other USD pairs, this one is Bearish too. After a Bearish Engulfing in October, it made a Doji that looks more Bullish than Bearish in the month of November. It seems it got stock between 1.28600 and 1.24800 which is 380 Pips. It stopped at 1.27500. I suspect it will go back up to 1.28600 before heading back down to 1.24800 at last. -- On Weekly: At this time frame we can see the uptrend towards Monthly trend line (RED) as it bounced back off of Daily trendline (Gray). It formed Morning Star and going up to 1.28600. All three EMAs 200, 50 and 20 are squeezed and easy to break one way or another. It seems very risky either Bullish or Bearish trade at this time frame. --On Daily: ""V"" shape reversal has been formed and it seems it's going back up. All three EMAs are Bearish. But it may continue Bullish up 1.28600 as it seems it has made a Head & Shoulders to bounce back down. -- On Hourly: On the contrary of Daily chart, it has made a multi-bottom formation for Bullish move. Let's see how the price will perform at 1.27500 Historical resistant. All three EMA's are Bullish and it's spreading open so far."
by Ha-Lion
GBPUSD is in the Buying Direction after Testing 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 Charts
Long
by ForexMasters2000
GBPUSD DOWN The Pound Sterling clings to earlier gains yet trades off the weekly highs, which reached around 1.2749 during the European session. At the time of writing, the GBP/USD trades at 1.2684, virtually unchanged.GBP/USD Price Forecast: Technical outlook Although the GBP/USD is set for weekly gains of over 1.2%, price action suggests Cable didn’t find acceptance above 1.2700, which could exacerbate a pullback toward the 1.2600 figure. In that outcome, the pair’s next support would be the November 27 daily low of 1.2564, followed by the November 26 low of 1.2506. On further weakness, the November 22 pivot low of 1.2486 is on the cards. Conversely, if GBP/USD finishes the week above 1.2700, this could pave the way for testing the 200-day Simple Moving Average (SMA) at 1.2818. However, buyers must clear the current week’s peak of 1.2749. Oscillators such as the Relative Strength Index (RSI) hint that buyers are gathering momentum, even though the RSI remains below its neutral line.
Short
by KingForex078
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by Safaric
GBPUSD - this closed above POC and we have 2 virgin impulse candles' VA that needs to be filled so based on just daily chart, it seems like price can go up to tag that VA and then drop down to POC. that will be my immediate bet. after that I will wait for price to settle down on either side of POC before making any decision. Origin - if we drop down to LTF and look at it, it seems like price is facing some resistance above from an older POC. if price moves up and holds above this nearest POC then I might see price moving all the way up to the HTF impulse VA.
by Osiris992
Trading Plan Build Exercise - Trade off OrderblocksBefore ICT’s Month 6 - Lesson 3 Video → Here is where I’m doing the homework from Lesson 2 (Building an example Trading plan) emagloire.atlassian.net (Page for Homework Sheet) The way Arjo explains there are 5 Foundational Levels within a Trade: Bias Narrative Context Entry Risk Management You work to build through a backward approach where you start from Entry (Risk Management actually lol) and work into what environments/elements/conditions constitute a trade to be executed in your plan This exercise of building an example trading plan is influenced by Arjo’s structure in the above video. How to build a Data Trading Plan PD Array and Time in Focus What PD Array you want to key in What timeframe you want to execute on? Gather Data in Specified Timeframe to understand amount of Trading Opportunities Presented and what was the expected outcomes How many times does the Orderblock form? How many times does the Orderblock hold? Did the Orderblock created a Market Structure Shift? How many times does the Orderblock Fail? Did the Orderblock fail to create a Market Structure Shift? Then based off the data, build your Trading Plan with consideration for what elements made up the winning trades. Starting with a Naked Trading Plan where you consider all entries off the PD Arrays. PD Array in Focus: PD Array: Orderblocks that led to a Market Structure Shift (Break of Structure “Continuation” & Change of Character “Reversal“) Execution Timeframe: 1H Gather Data: Case Study Info Ticker: GBPUSD Time of Study: May 27, 2024 - Jun 16, 2024 How many times does the Orderblock form? 26 times 2 orderblocks have not been traded to 24 useable Orderblocks 5 External Liquidity OBs 19 Internal Liquidity OBs Opportunity Rate: 92.3% How many times does the Orderblock hold? 15 times (Win Rate: 60%) External Liquidity: 4 out of 5 (80% WR) Internal Liquidity: 11 out of 20 (55% WR) How many times does the Orderblock Fail? 9 times (Loss Rate: 40%) External Liquidity: 1 out of 5 (20% LR) Internal Liquidity: 9 out of 20 (45% LR) Risk Management: Stop Loss at opposite extreme of OB or most recent Pullback (second Stop Loss considered when OB is tight) Risk/Reward Summary: 1: +2 RR 2: -1 RR 3: -1RR 4: +2 RR 5: +2 RR 6: +2 RR 7: -1 RR 8: +2 RR 9: -1 RR 10: +2 RR 11: +2 RR 12: +2 RR 13: -1 RR 14: +2 RR 15: -1 RR 16: -1 RR 17: +2 RR 18: +2 RR 19: +2 RR 20: -1 RR 21: +2 RR 22: +2 RR 23: -1 RR 24: +2 RR 25: N/A 21 RR for a month of Orderblock Trading 24 trades of 20 trading days Next Steps: With the same Trading Plan - analyze your Trades and create improved trading plans based off of an aspect that could increase your trading win rate or lower the amount of trades you’re in or total volume of trades?
by EaszzzyE
GBP/USD: Bullish Bias and Strategic PositioningToday, I’m excited to share my analysis on the GBPUSD currency pair, which is currently showing a strong bullish bias. As we navigate through the market, I will be utilizing probabilities to strategically position myself for long trades. Current Market Dynamics The GBP/USD pair has recently shown resilience, bouncing off critical support levels around 1.2670. This rebound suggests a potential bullish reversal, driven by positive sentiment surrounding the UK economy. Key fundamentals such as the Bank of England's recent decisions to maintain interest rates amidst inflationary pressures signal confidence in economic stability, which supports our bullish outlook. Global Influences On the global stage, factors such as a weakening U.S. dollar and improving economic indicators from the UK create a favorable environment for the British Pound. Additionally, geopolitical developments are leaning towards stability, which typically boosts investor confidence in GBP. Trading Strategy In this context, I plan to leverage statistical probabilities to identify optimal entry points for long positions. By focusing on key technical indicators, I aim to maximize potential gains while effectively managing risk. Join me as we explore this exciting opportunity in GBP/USD! Let’s make informed trading decisions together and capitalize on this bullish momentum. Happy trading! 2W: 3H: P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
Long
by Jasminex1x2