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Gbpusdanalysis

GBP/USD SELL from 1.2632I'm SHORT cable from 1.2632 for the following reasons: a). On H1 price has been rejected by the 100 EMA b). THe 100 EMA coincides with the WPP mid pivot which has acted as stern resistance c). RSI has been decling for several hours d). MACD sees the fast MA crossed down over the slow e). Pivot Point SuperTrend is reading SELL on 15M f). Andean Oscillator sees the red SELL line crossed over both the green BUY line and the signal line. g). Andean Oscillator sees the green BUY line flat. h). On H1 the 25 and 50 EMA's are together and heading south. All these signs taken together would suggest we are BEARISH for at least the next few hours in the absence of further news. CBI Consumer Confidence missed at 14;00 but this is seldom a huge market mover and any USD BULLISH sentiment seems to be evaporatin> Adding to this analysis is the fact that the EUR/USD is also BEARISH and this also looks a good time to SELL.
Short
by forextraplaces
4
💡 GBPUSD: Forecast March 25GBPUSD fell sharply in the last session after creating a bearish engulfing candlestick pattern. Currently, the resistance level of 1.26 is showing signs of being broken, selling pressure is still very strong, continuing to expect the price to go down in the short term, The target is still around 1.25xx. The position to enter a sell order at this time is not good. You should wait for a rebound to the 1.27xx area before considering entering the order.
Short
by Stone_Haven
Setting stop-loss and take-profit levels on TradingViewSetting stop-loss and take-profit levels on TradingView is a straightforward process. Here's how you can do it: **1. Open a TradingView Chart:** - Log in to your TradingView account and open the chart for the instrument you want to trade, such as GBP/USD. **2. Draw a Long or Short Position:** - Click on the "Trading Panel" icon located at the bottom of the chart. - In the trading panel, select either "Long" or "Short" to initiate a buy or sell position, respectively. **3. Set Stop-Loss and Take-Profit Levels:** - After opening a position, you can set stop-loss and take-profit levels directly from the trading panel: - **Stop-Loss:** Click on the "SL" button and enter your desired stop-loss price level. This is the price at which your position will automatically close to limit potential losses. - **Take-Profit:** Click on the "TP" button and enter your desired take-profit price level. This is the price at which your position will automatically close to lock in profits. **4. Adjust Stop-Loss and Take-Profit Levels:** - You can adjust stop-loss and take-profit levels by clicking and dragging the stop-loss and take-profit lines directly on the chart. - Alternatively, you can modify the stop-loss and take-profit levels from the trading panel by clicking on the "Edit" button next to the respective level and entering a new price. **5. Confirm and Execute the Order:** - Once you've set your stop-loss and take-profit levels, review your order details in the trading panel to ensure accuracy. - Click on the "Place Order" button to execute your trade with the specified stop-loss and take-profit levels. **6. Monitor Your Position:** - After executing your trade, monitor your position on the chart. - Your stop-loss and take-profit levels will be displayed as lines on the chart, making it easy to track their progress. **Note:** - Ensure that your stop-loss and take-profit levels are set at logical price points based on your trading strategy, risk tolerance, and market conditions. - Remember that stop-loss and take-profit orders are executed automatically when the specified price levels are reached, even if you're not actively monitoring the market.
Education
by FrankFx14
3
Optimizing and refining trading strategiesOptimizing and refining trading strategies is a continuous process that involves analyzing historical performance, identifying areas for improvement, and making adjustments to enhance profitability and reduce risk. Here's a step-by-step guide on how to optimize and refine your trading strategies: **1. Analyze Historical Performance:** - Review the historical performance of your trading strategy using backtesting tools or software. Evaluate key metrics such as profitability, win rate, drawdowns, and risk-adjusted returns. **2. Identify Strengths and Weaknesses:** - Identify the strengths and weaknesses of your trading strategy based on the analysis of historical performance. Determine what aspects of the strategy are working well and which areas need improvement. **3. Adjust Parameters and Rules:** - Make adjustments to the parameters, rules, and conditions of your trading strategy based on the analysis of historical performance and identified weaknesses. This may include: - Fine-tuning entry and exit criteria. - Modifying stop-loss and take-profit levels. - Optimizing indicator settings. - Adjusting position sizing or risk management techniques. **4. Test Alternative Approaches:** - Explore alternative approaches or variations of your trading strategy to see if they yield better results. This could involve testing different indicators, timeframes, or market conditions to identify optimal settings. **5. Implement Risk Management Measures:** - Incorporate robust risk management measures into your trading strategy to protect capital and minimize losses during adverse market conditions. This may include setting stop-loss orders, implementing position sizing rules, and diversifying your trading portfolio. **6. Use Walk-Forward Analysis:** - Perform walk-forward analysis to validate the effectiveness of your strategy over multiple periods of historical data. This involves dividing the historical data into segments, optimizing the strategy parameters on one segment, and then testing the optimized parameters on subsequent segments to ensure robustness. **7. Consider Market Regimes:** - Analyze how your trading strategy performs under different market regimes (e.g., trending, ranging, volatile) and adjust your approach accordingly. Some strategies may perform better in certain market conditions than others. **8. Keep a Trading Journal:** - Maintain a detailed trading journal to record your trades, observations, and thoughts about the market. Use the journal to track the performance of your refined strategy in real-time and make adjustments as needed. **9. Backtest and Validate Changes:** - Backtest the refined version of your trading strategy using historical data to validate the effectiveness of the changes. Ensure that the strategy performs consistently well across different market conditions and timeframes. **10. Monitor Real-Time Performance:** - Implement the refined strategy in a demo or simulated trading environment to monitor its real-time performance. Evaluate its performance over an extended period before transitioning to live trading. **11. Continuously Iterate and Improve:** - Continuously iterate and improve your trading strategy based on feedback from real-time trading experience and ongoing analysis. Be open to making further adjustments as market conditions evolve. By following these steps and adopting a systematic approach to optimizing and refining your trading strategies, you can enhance their effectiveness, increase profitability, and achieve greater consistency in your trading results over time.
Education
by FrankFx14
GBPUSD: Exploring Potential Buy Opportunities (LDN Session)Currently, my focus is on observing the H1 Bullish Order Block, which notably incorporates an embedded m15 Bullish Order Block. This configuration appears robust, particularly due to the presence of inefficiencies such as the Liquidity Void and Fair Value Gap. Upon market movement, my anticipation is for price to gravitate towards the liquidity provided by the m15 buy stops. Ultimately, my strategic objective is aimed at reaching the m15 Bearish Inducement Order Block, which, notably, entails a liquidity void awaiting fulfillment. Wishing you a week filled with profitable opportunities, The_Architect
Long
by The_Archi-tect
GBPUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
GBPUSD: GBPUSD commentary todayThe USD stabilized after the DXY index ended the week at a record high in more than a month, approaching its 2024 peak. The dollar has strengthened recently, contrary to expectations that the greenback would weaken as the Fed moves closer to cutting interest rates. Now, expectations of interest rate cuts by other central banks are also helping to support the currency. Investors will be watching a flurry of inflation data around the world this week, including the Fed's key inflation measure on Friday, which is expected to continue to run hot in February. The core PCE index, which excludes food and energy prices, is forecast to rise 0.3% after its biggest monthly gain in a year.
Long
by Chart_MasterPro
GBP/USD Shorts from 1.27200 back downMy bias for GU is downward, expecting a minor retracement before a continuation of the downtrend. Currently, I'm monitoring for price to rise and reach the newly identified supply levels, particularly focusing on the 20-hour supply zone for its high quality. Observing the reaction at the first 4-hour supply, I anticipate a possible minor reaction, though I foresee it ultimately failing due to the presence of an Asian high above. Once price reaches the 20-hour supply area, I'll be watching for signs of a Wyckoff distribution pattern to form, signaling a potential opportunity to sell back down. Confluences for GU Sells are as follows: - Price broke structure the downside and left a clean 20hr supply zone. - Imbalances that needs to b filled before tapping into the supply. - Lots of liquidity below in the form of asian lows. - Price is overall bearish on the higher time frame. - I can see the dollar to rising more to the upside. P.S. While I anticipate further price drops, it's improbable without addressing the imbalances and supply levels above before further downward movement occurs. Have a great trading week!
Short
by Hassan_fx
1
GBPUSD I Daily bias is now short as the bullish trend was brokenWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
2