gbpusdAccording to the strategy I used, gbpusd fulfilled all the rules and I set the SL to be 20pips and the TP to be 50 pips.
USDGBP trade ideas
#013** DCA GBPUSD ShortClosed GBPCAD for a breakeven including 1cent commission to open GBPUSD short.
Price moved a bit away from my area of value on the pull back wave, but its ok. I have set the sell limit at the pullback for when price pulls back to my area of value.
I have set the TP to somewhere before the swing low of the previous downward move.
No SL set as usual.
Shall see what happens.
I already have bought CAD on CADCHF I can't be buying CAD again but I keep forgetting about such stuff and just focus on the price movement and enter on it.
GBPUSD is going downwards also and it also contains GBP just like GBPCAD, so I think this is a good candidate to short.
2034SGT 25112024
GBPUSD SELLGBPUSD 15 MIN CHART
Hello Traders. If you find this analysis useful, please support me with your likes and comments.
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
Price is aiming @ 1.2450Probability is high that it will touch the lower low trendline one more time which will m ake it 4 times.
GBP/USDOn MOnthly, 200, 50 and 20 EMA are above the price and it seems it's going down to 1.248.00 and 52 Weeks Lowest at 1.2090
On Weekly, 200, 50 and 20 EMA are above the price and it made a solid Bullish candle last week.
On Daily, it cut into the Bullish trend line.
On 1H chart, it madea Divergence compare to RSI.
Bears are in charge !!!
GBPUSD SELL!!!Good day trader's
GBPUSD sentimental is bearish, and During the London session we grabbed liquidity now we're going to sell
Let's start off with 1:1 then 1:2 after securing profits
Good luck traders
Gradual recovery to 1.30 handle after being oversoldSlow and gradual recovery to 1.3045 ceiling after oversold into support if we can break channel and sustain above 1.2710 levels.
Good luck all!
GBPUSD Live Week 48 Swing ZonesAbsent in the last 2 weeks, as there were No SZ. As stated previously, SZs are calculated based on previous weeks high/Low and a secret ingredient.
As seen on the chart, an expected price path is highlighted.
As always price action determines trades.
How far the GBPUSD can go??ICMARKETS:GBPUSD The UK has been feeling he inflation pressure for some time but lately it is showing some better results giving the BoE some time to decide a better approach in terms of the Interest Rate move. The UK growth is still low showing a possible recession risk.
The US seems to be in a better position with the FED maintaining a tight policy with a constant eye on the inflation level but the Labor market data will dictate if there will be more pressure not on FED but in all related currencies.
On the technical side if the 1.200sh resistance levels holds it could be a sign for further downward moves. The 1.2300 Support level maybe will hold this bearish sentiment showed not only for the far distance of the price to the EMA(21) but also for the RSI in the oversold region but expect a pullback(if a short one) in the next days before more bearish moves.
But never forget the Fundamental News can change this picture.
GU: Nicely Stacked 4h Bullish TargetWe've got a nice 4h order block at 1.2625, which also aligns quite nicely with the 62% FIB level on the HTF bearish leg.
This could call for a nice bullish intraday setup if the right confluences show up on the lower time frames.
Aman
SMC Wolf FX
GBPUSD SHORT BIASIn the saying of "the trend is your friend", it wouldn't be advisable to go against the downward plummeting of most major pairs right now. The only way you can make money is when you align yourself with the direction of the trend. There's a disturbing Counter Trendline view that is currently giving price movement some headache however, judging with the strength of the fall, there's a huge possibility the trendline doesn't hold.
Retracement = Right Entry
Patience = Retracement
Therefore, Patience = Right Entry
That's some logic I did there!
Using the 50fib level of the FVG on the 4H, there should be a "Tap out" of the Breaker candle, in order to build maximum momentum for the break of the Counter Trendline, giving us a justified position into the Short trend of the market currently.
The dollar ain't done in strength yet!
gbpusdAccording to the strategy I used, gbpusd fulfilled all the rules and I set the SL to be 20pips and the TP to be 30 pips.
GBP USD TO CONTINUE ITS DOWNWARD MOVEMENT !the pounds dollar saw a quick pull back early this morning and we are looking for rejections around 1.2600 which we've seen, now we look to sell the market, puting our stop at the 1.26100 and taking profit of 1:2. there may be further downward pressuer on this pair, but for the main time we just want to take a little from the already oversold market.
GBPUSD_4H_Sellhello
English pound analysis In the medium term time frame Elliott wave analysis style
The market is falling in 5 Elliott waves, which is currently in correction wave 4, and after completing these five correction waves, abcde can complete its final decline as wave 5. Resistance 1.26666 The important number in the medium term is 1.25800 Wave 5 targets are 1.24333 and 1.23555
GbpUsd 25 Nov 2024 Bullish and Bearish ZonesBullish zone 1.262
Bearish zone 1.2562
Note: This is not a buy/sell call. Use stop loss.
Is GBP/USD Set for a Further Rally? Let's have a look.The GBP/USD pair made a robust recovery at the beginning of the week, showcasing strength against its major competitors. This bounce-back comes after a notable decline on Friday, triggered by disappointing economic data. Specifically, the UK Retail Sales contracted at a faster-than-anticipated rate in October, and the flash S&P Global/CIPS Composite Purchasing Managers’ Index (PMI) for November fell below the critical 50.0 mark for the first time since October 2023.
The primary factor contributing to the Pound Sterling's resurgence appears to be strong market sentiment regarding the Bank of England's (BoE) potential for a more measured approach to policy easing compared to other Western central banks. Notably, the currency is trading within a demand zone, suggesting the potential for upward movement. Additionally, the Commitment of Traders (COT) report indicates that retail sentiment is leaning bearish; however, similar to the EUR/USD, the opening gap might be filled, which could lead to a further decline in prices.
A decline towards the 1.2400 level could present an attractive buying opportunity for those looking to acquire the Pound at a discount. Historical seasonality trends also indicate a likelihood for the GBP to appreciate in the near term. Nevertheless, I recommend waiting until Wednesday, following the release of the USD unemployment data, before making any trading decisions. Currently, my outlook remains bearish on the GBP/USD.
GBP/USD GAP
✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
GBP/USD continues the downtrendOn GBP/USD , it's nice to see a strong sell-off from the price of 1.26350. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Downtrend and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
GBPUSD 4hr ShortGBPUSD
✅ 4hr Short ✅
💰ENTRY: 1.25741
👎STOP LOSS: 1.26072
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing high Engulfing candle below the 50ema.
This is a great example of my systematic system.
What A Way To End The Year As Well As The TrendOANDA:GBPUSD
This has to be the best idea am dropping hear on trading view so far, because of it's risk to reward ratio, which is over 1:10, highly rewarding. And it just looks unassuming 🤦♂️😎
Lets analyze, looking at the 1D timeframe, a more responsible timeframe to look out to in a Daily or intra day trade of a bearish currency pair (GBPUSD), the last two long red candlesticks evolves from the last created resistance zone, leaving those fair value gaps behind, and as well as unmitigated. When the fair value gap is filled to the immediate supply or resistance zone by the buyers, as we can currently see them riding on the pullback, we expect to market to drastically continue the trend, thereby making us a new lower low.
In other words, a lower timeframe is required to see clearly the structures produced by the sellers, ofwhich placing your entry on the last created and unmitigated structure, and your stop loss slightly above it's lower high minimizes your risk and maximizes the return. An instance on the 30Min timeframe of GBPUSD, same timeframe where the liquidity is clearly visible as well, when the pullback breaks through the trend line(liquidity) into the demand zone, the downtrend just irresistibly continues until it makes a new lower low. Remember if you can't see the liquidity, then you're the liquidity. Peace 🕊️💯
GBPUSD collapsing Same applies on GBPUSD we just seeing further downward movements , we just seeing lower highs and lower lows , so we still bearish on it to but it will break above yellow zone structure we might expect push upward but we still look bearish on GU
GBPUSD**GBPUSD:**
This week's forecast is for the price to rise slightly to the area where the trend has slowed, then reverse and continue the bearish trend to the area between 1.2404 and 1.2346.
Your Real Chances of Succeeding as a Forex TraderYou’ve probably heard the claim that 95% of traders fail to make money in the markets. This statement is repeated endlessly across the internet, creating fear and doubt for many aspiring traders. However, this widely circulated myth is not backed by solid evidence or reliable statistics. In reality, it’s a generalized assumption based on flawed logic that discourages new traders from reaching their full potential.
Let’s unpack this myth and explore your real chances of succeeding as a Forex trader with a logical, evidence-based discussion. By the end of this, you’ll feel more confident and ready to approach trading with the right mindset.
Understanding Success in Forex Trading
A critical question for any trader is: What are the chances of making consistent profits in Forex without being a full-time professional?
It’s important to recognize that while some traders lose money, others consistently make profits. Consistency over the long term is what separates successful traders from the rest. However, being a “professional” trader is not a prerequisite for success.
The myth that “95% of traders fail” doesn’t mean 95% never make money. Many traders are profitable part-time, focusing on steady growth rather than aiming for professional status right away.
Focus on Realistic Goals
One of the biggest mistakes new traders make is trying to become professional traders too quickly. This approach often leads to overtrading, excessive risk-taking, and emotional decision-making. Instead, your initial goal should be to make consistent profits on a monthly basis.
Start by aiming for profitability each month. Once you achieve this, you can gradually raise your targets—weekly profitability, then scaling up your account and trading frequency. This progression not only builds your skills but also instills the discipline required for long-term success.
Why Realistic Expectations Improve Your Trading
Setting achievable goals gives you an emotional advantage. By not pressuring yourself to become a professional immediately, you reduce the likelihood of over-leveraging or overtrading. Without the emotional burden of relying on trading as your sole income source, you can focus on refining your strategies and improving your decision-making.
When you detach emotionally from your trades and manage risk effectively, you put yourself in a better position to succeed. In fact, statistics show that the percentage of traders who make consistent monthly profits is likely closer to 20-30%, far higher than the often-cited 5%.
The Power of Risk-Reward and Strategy
To succeed in Forex trading, you need to understand risk-reward ratios and develop a high-probability trading edge. Let’s break this down:
Risk-Reward Ratios
A 1:1 risk-reward ratio requires a 50% win rate to break even.
A 1:2 ratio only requires a 33% win rate to break even.
A 1:3 ratio allows you to break even with just a 25% win rate.
The higher your risk-reward ratio, the fewer trades you need to win to stay profitable. This highlights the importance of letting your winning trades outpace your losing ones.
High-Probability Trading Edge
A sound strategy, like price action trading, increases your chances of making profitable trades.
Random entries will likely result in break-even performance, but combining a solid strategy with effective risk-reward management shifts the odds in your favor.
Steps to Improve Your Odds of Success
To increase your chances of becoming a successful trader:
Master Risk Management: Understand how to manage your capital effectively to minimize losses.
Learn a Proven Strategy: Focus on mastering a high-probability trading strategy, such as price action.
Set Realistic Goals: Aim for consistent monthly profits rather than rushing to become a professional.
Trade Part-Time First: Start small and trade part-time. Over time, scale up as your skills and account balance grow.
Focus on Quality, Not Quantity: Trade less but aim for higher-quality setups.
Final Thoughts
Becoming a profitable trader is not unattainable. By setting realistic goals and avoiding the pressure to go full-time too quickly, you greatly increase your chances of success. Start by mastering a strategy like price action trading and combine it with disciplined money management.
Success in Forex trading comes from within—it’s about controlling emotions, managing risks, and having a solid plan. If you focus on trading part-time with consistency, you’ll be surprised at how quickly your trading can turn profitable.
Take it step by step, and remember: the journey to success in Forex trading is a marathon, not a sprint.
Sell GBP USD for TP Area of 1.25420Short to TP AREA 1.25420 // Short term idea to sell GBP USD till next move will appear
