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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

It's Make Or Break in less than 1HR for GBPUSD. Check back. If there is 1 pair that has caused some up-down-up-down crazy, frustrating, manipulated-maybe price-action, stealing the show the past month or so would be GBPUSD. Further falls over the past 16 hours or so, with USD$ rallying following CPI data for USA. Well now its Great Britain's turn with the data in less than an hour. GDP is being released in the UK. This is what it all entails for the Pound to bounce or fail further falls. I am tipping the former. au.investing.com 18:00 GBP Construction Output (MoM) (Oct) 0.2% 0.1% 18:00 GBP U.K. Construction Output (YoY) (Oct) 0.0% -0.4% 18:00 GBP GDP (MoM) (Oct) 0.1% -0.1% 18:00 GBP GDP (YoY) (Oct) 1.6% 1.0% 18:00 GBP Industrial Production (MoM) (Oct) 0.3% -0.5% 18:00 GBP Industrial Production (YoY) (Oct) 0.2% -1.8% 18:00 GBP Manufacturing Production (YoY) (Oct) 0.9% -0.7% 18:00 GBP Manufacturing Production (MoM) (Oct) 0.2% -1.0% 18:00 GBP Monthly GDP 3M/3M Change (Oct) 0.2% 0.1% 18:00 GBP Trade Balance (Oct) -16.10B -16.32B 18:00 GBP Trade Balance Non-EU (Oct) -5.31B Check back and I will give my impressions of 'sides' & possible trading action to take.
by Easy_Explosive_Trading
GBPUSD H4 | Potential bounce off 61.8%?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2614, which is an overlap support that aligns with the 61.8% Fibo retracement. Our take profit will be at 1.2715, a pullback resistance. The stop loss will be placed at 1.2509, which is a swing low support 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. 64% 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. 66% 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.
Long
by FXCM
GBPUSD - CONTINUATION PATTERN BULLISH FLAG Analysis GBPUSD 4HR Bullish Flag: This is a consolidation phase often seen in uptrends. It typically signals a continuation of the bullish trend. Liquidity Levels: The levels at 1.27375 and 1.28111 seem to represent potential targets where price may react or reverse. Projections: The blue zig-zag lines depict the anticipated path of price action within the flag pattern, aiming for a breakout above the resistance zone. The bullish flag is a continuation pattern formed after a strong upward trend. It typically signifies that the market is taking a breather before resuming its previous bullish direction. Liquidity Levels ($$$): 1.26438 (Support): This represents the lower bound of liquidity, where buy-side interest might accumulate. Price could potentially dip to this level before reversing upward. 1.27375 (Intermediate Resistance): A liquidity zone where the price might face some hesitation or consolidation during its move upward. 1.28111 (Target Resistance): This is the higher liquidity area and potential target for the bullish breakout. These levels are marked as potential zones of price reaction or reversal based on market interest and order flow. For confirmation of the bullish breakout: Look for a strong candlestick close above the flag's upper trendline or the 1.27375 resistance level. Increased trading volume during the breakout is an additional sign of strength. If price closes above the 1.28111 level, it might signal continuation toward higher highs. Risk Management Stop Loss: A logical stop-loss can be placed slightly below the 1.26438 liquidity support level, as a break below this may invalidate the bullish flag pattern. Take Profit: Targets can be set near or above the 1.28111 level based on risk-reward preferences.
Long
by hafidzali2020
GbpUsd- Where to sell?The GBP/USD currency pair has been in a downtrend for quite some time. Recently, however, after dropping just below the important psychological level of 1.25, the pair started to reverse and show some upward movement. While this rise is notable, it is important to recognize that it appears to be corrective in nature. The price is currently forming a rising wedge pattern, which typically signals that the uptrend may soon lose momentum. Based on this technical structure, I expect the downtrend to resume in the near future. In my opinion, any rallies above the 1.28 level should be viewed as potential selling opportunities. A stop loss placed above the 1.29 level would ensure a risk-to-reward ratio of 1:3 could be achieved if we target the recent low.
Short
by Mihai_Iacob
3
GBPUSD GOING TO THE SKYGBP/USD is showing bullish momentum, supported by a decisive breakout above a key resistance level, accompanied by strong bullish candles and increased volume, signaling robust buying interest. Earlier in the session, a liquidity sweep below a major support level likely triggered sell stops, followed by a sharp reversal, indicating accumulation by smart money. The pair has also respected a rising intraday trendline, bouncing off it and reinforcing the upward trajectory. Technical indicators, such as bullish divergences on the RSI and MACD, further confirm weakening bearish momentum and potential for continuation higher. Additionally, the 50- and 200-period moving averages on lower timeframes are sloping upward, with a golden cross reinforcing the bullish outlook. This setup, combined with low-volume pullbacks, suggests a strong environment for further intraday gains. + was going down in response to the previous liquidity levels, is now answering this by reaching the higher K levels
Long
by edl75
GBPUSD Wave Analysis 12 December 2024 - GBPUSD reversed from resistance level 1.2780 - Likely to fall to support level 1.2635 GBPUSD currency pair recently reversed down sharply from the resistance level 1.2780 (which reversed the price for the last 5 consecutive trading sessions) standing close to the 50% Fibonacci correction of the downward impulse from November. The downward reversal from the resistance level 1.2780 started the active minor impulse wave 1, which belongs to the higher impulse wave (1). Given the multi-month downtrend, GBPUSD currency pair can be expected to fall further to the next support level 1.2635 (low of the previous wave (B) from the end of November and the target for the completion of wave 1).
Short
by FxProGlobal
GBPUSD - Potential Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level higher. But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher Your success is determined solely by your ability to consistently follow the same principles.
Long
by Maks_Klimenko
GBPUSD – retesting the 200dma from below .. the week of 09 DecAfter being in bullish territory (above the 200dma) for over 6 months, this pair has broken below and on Fri, it retested (bounced off) the moving average. That is my reason #1 for a bearish bias. #2 – The area around 1.2750 is a significant s/r & price has met with resistance here. #3 – The bullish move we saw over the last 2 weeks was a retracement of the down move that began on 06 Nov. #4 – This retracement of 50% coincides with the 1.2750 s/r level. #5 – The weekly and daily chart are in complete alignment with this analysis. #6 – The H4 chart shows how price has been moving in an equidistant channel during the retracement phase. Like most retracements, this move has been weak and shallow. I believe that price will break out of this channel to the downside and the bearish move will soon continue. If this happens, price will also move below the 20sma. This will complete the picture I want to see for bearish price action. I will place my stop above today’s daily pin bar and will initially target the 1.2340 region. My expectation is that this has the potential to be a prolonged bearish trend. This is not a trade recommendation, merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
2