USDGBP trade ideas
GBPUSD Long1)Trend defined. 4h uprend.
2)Contradictory limit order entry. At a previous key level after a pullback move.
3)Default loss. Below the swing low.
4)Default target level. 6.25 first target.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
Support and resistance strategy.The has broken weekly then retested it. Currency even lower time frames confirmed a sell
The market is ready for sells, Good luck👍🏽.
GBPUSD LONG!GU just took out previous day low and made mss and formed an FVG on the 5-15 Min TF and there's a buy-limit on the half of the FVG or The Low Of The Opened Candle Stick.
Just a scrabble :)With Cable making an upward move (though it’s more like lukewarm tea than a blazing rally), it’s starting to look promising! ☕️
Picking up my stash left at 1.24? Now that would be awesome.
Let’s see what tomorrow has in store. Today, we danced with the bottom of the local range and lived to tell the tale.
She might backfire a bit more, but eyes on the highs!
Goodluck friends :)
Potential trade setup on GBPUSDWe are looking at a short trade on GBPUSD based on the stretch strategy. There is trend,stretch and direction alignment with this trade on both 1h and Daily TF. Late entry was taken on price breakout after retracement. There is a high probability for range,previous daily high and range to be formed to the downside. We will exit the trade once range has been achieved.
Trader Order Details:
GBPUSD(Short)
E - 1.2407
SL - 1.2428
T - 1.2387
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
Potential Bullish swing is 1.2640 Price as shown that there was a breaking to the downside and it reacted around psychological level 1.2400 and FOMC may push it lower or push it to touch the higher high around 1.2640
GBPUSD Bearish Trend expected due to bank decision Hi traders what do you think about GBPUSD given suggestion in comments.
GBPUSD based on central bank decisions and technical indicators. If the price breaks below the current level, you're suggesting that the next key support levels would be 1.23008 and 1.21204, with a resistance zone at 1.24500.
It might be helpful to consider additional factors like any upcoming economic data releases, market sentiment, or broader geopolitical events that could further influence price action. Also, have you noticed any specific patterns or divergences in the indicators that are signalling this potential bearish wave?
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GBP/USD BUYS 29/01Price has retraced ro 4hr support and taken some liquidity. Last week closed as a bullish engulfing. Anticipating price to form support here to continue bullish. 1.24000 key level.
GBPUSD What Next? SELL!
My dear friends,
Please, find my technical outlook for GBPUSD below:
The price is coiling around a solid key level - 1.2426
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.2314
Safe Stop Loss - 1.2491
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPUSD Demand Zone + Rounding OffFollowing on from the last idea I published, it looks GU is bullish and breaking the trendline. Here you would have to wait for a close above the trendline before entering. If it doesn't close above the trendline, it's not a valid entry.
However, this is a slightly riskier trade so keep that in mind.
GBP/USD Resistance Rejection and Bearish OutlookGBP/USD is a forex pair representing the British Pound against the US Dollar. The current price is 1.24150, and the target price is 1.21000, indicating an expected decline. This suggests a bearish outlook, with a potential gain of 300+ pips if the price moves as anticipated. The analysis is based on support and resistance levels, key technical indicators in forex trading. The price is currently facing strong resistance, leading to a rejection at this level. A rejection from resistance often signals selling pressure, pushing prices downward. Traders expect the price to drop toward the next support level at 1.21000. The setup aligns with technical analysis, where resistance acts as a ceiling for price movements. If the resistance holds, further bearish momentum could drive the price lower. Risk management is essential, as price movements can be unpredictable.
sell tradetoday is awaiting usa fed news it will rock the market so all trades off by then small trade to bring in some cash flow
GBP/USD beautiful reaction to 4HR imbalanceHigh Time frame move was the fill of this imbalance on the 4HR, also seeing the wick rejection to the upside. Today there were many other strong confluences scaling down into the lower time frames, where I took a short down to previous low resistance liquidity lows.
GBPUSD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBP/USD Elliott Wave Update: Wave 4 Nearing Completion with Key The GBP/USD pair is approaching the end of Wave 4, with a potential support zone forming at the expected terminal point of the wave. If this level holds, we could see the start of Wave 5, presenting a possible bullish opportunity. Traders should watch for confirmation signals and key reaction levels to anticipate the next move. Stay tuned for detailed market insights and trade setups based on Elliott Wave analysis. 📊📈
Buy GU 1:2I’m buying GU on 1hr as I can see the price has changed direction.
Using the system of 1:2 rr.
GBP/USD Drops from Three-Week High Amid Tariff and Rate SpeculatThe British Pound fell to $1.244 from a three-week high after Trump’s tariff threats on semiconductors, pharmaceuticals, and steel fueled dollar strength. Markets focused on central bank policies, with the Fed expected to hold rates and the ECB likely to cut by 25bps. In the UK, the BoE is still expected to cut rates in February despite strong PMI data.
The first resistance level for the pair will be 1.2460. In the event of this level's breach, the next levels to watch would be 1.2500 and 1.2600. On the downside 1.2420 will be the first support level. 1.2350 and 1.2265 are the next levels to monitor if the first support level is breached.
4-hr GBP/USD: Bullish Momentum to Lift the Pound 150 PipsFor the past 2 weeks GBP/USD went up with 400 pips and this is why we believe we might be looking at a trend reversal. The strong bullish momentum is confirmed by the Golden Cross, a classic buy signal, which supports the hypothesis that buyers are again in control. After reaching a swing high at 1.2550, we registered a minor pullback, triggered by profit taking. The 120 pips correction stopped at 1.2430, which aligns with the 23% Fibonacci retracement level. This level has been a historic support zone, where corrections find their bottom and prices are expected to pick up with the current trend. Indeed, GBP/USD bounced off the 23% Fib with 30 pips already and we expect the price will revisit the are around 1.26, before we see another correction.
BUY TREND started in GBPUSD, Breakout & Retracement done there..📈 GBPUSD Price Forecast 📈
GBPUSD has broken out of the descending trendline and formed a symmetrical triangle pattern at the bottom of the downtrend. The breakout of the triangle has been confirmed, followed by a successful retracement to the breakout level. With buying volume increasing, the bullish momentum is strengthening.
The pair is expected to rally from the current level of 1.2220, aiming to break above the 200 EMA. The first major resistance lies at the 1.2320 supply zone, with further upside potential toward higher target levels.
🎯 Technical Target Levels:
- 1.2320 (First target and supply zone)
- 1.2365
- 1.2505
- 1.2565 (Final target)
📌 Key Highlights:
- Breakout of descending trendline and symmetrical triangle pattern.
- Retracement completed, signaling bullish continuation.
- Buyers gaining strength with increased volume.
- Focus on the 200 EMA and supply zones for further confirmation.
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posibility of uptrendThe price is expected to consolidate above the resistance area and then continue the upward trend.
If the price crosses the green support area and consolidates, the downward trend is likely to continue
GBPUSD Trading JournalGBPUSD Trading Journal
Jan29
Happy Lunar New Year-Wood Snake 2025
As I mentioned in my DXY journal, yesterday is a day when its termed high resistance- The whip saw back and forth with wicks and bodies layered is a sign TO TAKE THE DAY OFF AND SHUT DOWN THE COMPUTER.
Price did break out to the low side and take sell stops and rebalance a Hourly FVG, however a false breakout at best. Weak red folder in NY.
Price is delivering to discount on the daily range. However the previous days range is in a Premium. It seems likely that Price will want to gravitate to the Hourly FVG at the 50%. Today USD has 3 red folders so I will watch from the side lines unless I see the stars align set up and have all the confidence my analysis is correct I will paper trade. LOL
