USDGBP trade ideas
GBP/USD Technical Analysis – Potential Bearish MoveThis 4-hour GBP/USD chart indicates a potential bearish setup. Price has been trading within a range, with resistance around 1.30366 and support near 1.29467.
The price recently retested the support zone, showing signs of weakness.
If the support level fails to hold, a breakdown could push the price towards the 1.27035 target.
A stronger support level is observed further below, around 1.2600, which could act as a key demand zone.
Traders should monitor the price action near the support zone. A clear rejection could signal a potential buy opportunity, while a confirmed breakdown could validate a short trade targeting lower levels.
Key Levels:
🔹 Resistance: 1.30366
🔹 Support: 1.29467
🔹 Target: 1.27035
Would you like any modifications to the analysis? 🚀
GBP/USD Analysis Using Elliott Wave /not financial advise GBP/USD Analysis Using Elliott Wave
Current Market Structure & Elliott Wave Count
Wave 3 Completed near 1.3020 (Key Resistance)
Wave 4 Correction in Progress targeting 1.2880 - 1.2850
Potential Wave 5 Extension toward 1.3100+
Trading Strategy & Execution Plan
Bullish Scenario (Wave 4 Completion & Wave 5 Start)
📌 Long Entry:
Buy at: 1.2880 - 1.2850
Stop Loss (SL): 1.2820
Take Profit (TP1): 1.2960
Take Profit (TP2): 1.3020
Take Profit (TP3): 1.3100
🎯 Probability: 72% (If price finds support above 1.2850)
Bearish Scenario (Wave 4 Deeper Correction or Reversal)
📌 Short Entry:
Sell at: 1.3020 - 1.3040 (Wave 3 High Rejection)
Stop Loss (SL): 1.3080 (Above Wave 5 Expected Move)
Take Profit (TP1): 1.2960
Take Profit (TP2): 1.2880
Take Profit (TP3): 1.2780
🎯 Probability: 67% (If price rejects 1.3020 resistance)
Final Thoughts & Risk Management
✅ Bias: Bullish above 1.2850, Bearish below 1.2780
✅ Risk/Reward Ratio: 1:3 for Both Scenarios
✅ Volatility Factor: Watch USD Strength & GBP News Impact
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LONG - GBP/USDBase on the market structure in the lower timeframe in H1. There is a clear indication of potential CHOCH. Price action has respected the support and formed a new structure with potential signs we can go for a Long Position. I will be participating in the market with my positions at
Entry - 1.29220
Stop Loss - 1.28879
Take Profit - 1.30236
I am interested in taking this position due to other confluences as well.
Such as the 4 hour timeframe with a strong indication of a bullish reversal candle
Pedramfxtrader | GBPUSD BUY We have a specific type of divergence on the 1-hour timeframe ⏳, indicating a potential drop 📉 in the higher timeframe. On the other hand, the lower 15-minute timeframe 🕒 gives us a buying perspective 📈. So, the analysis will be as shown in the image.
#GBPUSD #ForexTrading #PriceAction #ForexSignals #TradingAnalysis 💹
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GBPUSD INTRADAY Bullish breakout supported at 1.2940The GBPUSD currency pair price action sentiment appears bullish, supported by the prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the previous resistance.
The key trading level is at 1.2940 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from the 1.2940 level could target the upside resistance at 1.2994 followed by the 1.3070 and 1.3123 levels over the longer timeframe.
Alternatively, a confirmed loss of the 1.2940 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.2866 support level followed by 1.2813 and 1.2740.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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Earnings: BYD
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GBPUSD - Chasing the Bulls!!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPUSD has been overall bullish trading within the rising channel marked in red.
Moreover, the blue zone is a major daily support.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of daily support zone and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #GBPUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURUSD and GBPUSD Analysis todayHello 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.