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GBPUSD

Latest GBPUSD Comments Today - October 21, 2024Looking at the GBPUSD chart, we can see that the price is moving within a clear downtrend channel. Currently, the price is right next to the upper trendline of this channel, indicating that selling pressure may dominate and continue to push the price lower. Today's trading trend: SELL scalp. Trading strategy: For those considering trading, it is reasonable to look for a selling opportunity in the resistance area near $1.3050, with a target of $1.2950. Place a stop loss above the resistance area of ​​$1.3070 to limit risk. Wishing you a profitable and safe trading week.
Short
by Bentradegold
GBPUSD BEARS STILL GOT IT! WHAT HAPPENED TO THE BULLS??!The bears came in this week as anticipated but failed to reach the expected AOI from the previous short projection, hence, leaving us with no short trades this week, yet. Now attention is shifting towards the bullish side of the curve as price approach two significant AOIs (a weekly FVG and a 3-month demand zone). As we still seek to see a potential retracement of all the shorting from September, we will watch keenly what price does first within the FVG for bullish signal. Should it violate this level also, the demand zone below becomes our ultimate area for longs.
Long
by LloydFX
Best Level to Short USDCAD TP +260 pips🔸Hello traders, let's review the 8hour chart for USDCAD today. Strong V-shape recovery in progress off the lows, however sentiment getting extremely overbought and also we are closing in on heavy overhead supply. 🔸Key mirror S/R detected at 3620, bears will target this level on the re-test so it's a logical target for the short sellers from overhead resistance. 🔸Recommended strategy for USDCAD traders: focus on short selling high near 3880 price cluster SL fixed at 60 pips TP1 +140 pips TP2 +260 pips final exit at 3620. Expecting rejection from overhead resistance and re-test of the mirror S/R level at 3620. good luck traders. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
20
Levels discussed on 22nd October Livestream22nd October DXY: retracing, testing 103.80 support level, needs to stay above 103.60, to continue uptrend to 104.20. NZDUSD: Sell 0.6015 SL 20 TP 40 AUDUSD: Stays below 0.67, Sell 0.6680 SL 20 TP 60 GBPUSD: Retracing, Look to test and reject trendline, Sell 1.3025 SL 20 TP 50 EURUSD: Look for reaction at 1.0780 support level or 1.0870 resistance level USDJPY: Buy 151.15 SL 40 TP 65 USDCHF: Sell 0.8630 SL 10 TP 20 USDCAD: Buy 1.3860 SL 20 TP 60 Gold: Look for retracement possibly to 2715, buy on dip, for 2750 target
TVC:DXY
by JinDao_Tai
GBPUSD Is Very Bearish! Short! Please, check our technical outlook for GBPUSD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.304. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.298 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPUSD H4 I Bearish reversal Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2943, which is overlap support close to 127.2% Fibo extension Our take profit will be at 1.3032, an overlap resistance. The stop loss will be placed at 1.2885, which is an overlap 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 4.55:1 ShortThe 1h chart is in a down trend with new LLs being formed. The trade is more of a "risky" trade as I am expecting price to pull up to the 10m entry zone above and explained in a previous post. Why am I taking this trade if it is "risky"? If this trade does lose then the second entry that I have talked about previously is now almost a 10:1 trade and so will cover the loss. GBPUSD is in quite an aggressive downtrend on the higher timeframes and so I view the risk to reward as favourable. The entry is at the 1h down trend extreme.
Short
by DrRoach2
GBP/USD: Three Drives and Butterfly Patterns in PlayGood day Traders, Trust you are doing great. Here is my brief analysis of the GBPUSD pair. Last week, a bullish Three Drives pattern was identified on GBP/USD, completing on October 17th. Following the pattern's completion, the market experienced a brief impulsive move to the upside before retracing back to the support zone. Currently, the market is testing this support level, and a sustained move higher could follow, further validating the typical characteristics of this pattern, often found at the end of a trend or correction. If the support holds, we anticipate a move toward the 1.31026 price region. Additionally, a potential Butterfly pattern appears to be emerging, with its completion also expected around the 1.3146 level. This outlook will be invalidated if the price moves further down and breaks below the 1.29565 level. Cheers and happy trading!!!
Long
by Samuel124
GBPUSD Trading Opportunity! BUY! My dear friends, My technical analysis for GBPUSD is below: The market is trading on 1.3000 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.3029 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
XAU/USD : $2700 Reached, What's Next ? (READ THE CAPTION)Upon reviewing the gold chart on the 4-hour timeframe, we can see that gold has finally managed to break above the $2700 level, just as we anticipated in our previous analysis. Currently, it is consolidating above this level. Note that the $2714 level is a key supply zone (based on important Fibonacci ratios) for gold, which is why the price reacted to it. However, at the moment, gold is trading around $2711, and I still expect further growth from gold unless I see otherwise on the chart, in which case I’ll update you. The next short-term targets for gold are $2727 and $2743.7. Keep an eye on how the price reacts to these levels. Also, the most important support zone for gold is between $2673 and $2688.7. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
21
Levels discussed on Livestream 21 October21st October DXY: needs to stay above 103.40 to continue uptrend to 103.90, beyond that 104.20 NZDUSD: Sell 0.6040 SL 30 TP 60 AUDUSD: Sell 0.6635 SL 20 TP 60 GBPUSD: Sell 1.2950 SL 30 TP 130 EURUSD: Look for reaction at 1.08-1.0780 support level USDJPY: Buy 150.50 SL 30 TP 120 (Hesitation at 150.90-151) USDCHF: Buy 0.8680 SL 35 TP 70 USDCAD: Could climb higher, looking for reaction around 1.39 Gold: Look for retracement to complete, then continue uptrend to 2750 (needs to stay above 2700)
TVC:DXY
by JinDao_Tai
Gbpusd new demand zoneHello everyone, I've identified a fresh demand zone in the GBP/USD pair, and the location looks quite promising. You can approach this trade in two ways: either set a buy limit at the weekly demand zone or use price action to enter on lower timeframes. Personally, I use both strategies. As always, it's essential to apply proper money management and never trade without setting an appropriate stop-loss. Remember, trading is a game of probabilities, so your success should be evaluated over a series of trades, not just one. Thanks!
Long
by UnknownUnicorn89138523