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Gbpusdidea

GBPUSD Trading Plan - 24/Jan/2023Hello Traders, Hope you all are doing good!! I expect GBPUSD to go Up from these levels. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
Will the GBPUSD Bullish Outlook Continue or Correction Coming?The GBPUSD pair is showing bullish signs, but a correction is likely. Our previous target of 1.24233 has been met, but new factors may impact the pair in the coming week. Despite the Chinese New Year holidays, market expectations for high-impact news releases such as Flash Manufacturing PMI and Advance GDP q/q may lead to volatility. GBPUSD is expected to reach for liquidity above the high of 1.24468 on December 14th, 2022. Look for reversal patterns for potential retracements and price action balance around the 1.20226 and 1.20000 levels. It's important to conduct your own research and analysis before making any trades. What's your opinion on this idea? Please share with me in the comment below and also like and follow for more updates. Wish you all a profitable trading or investing journey.
Long
by ClintOnos
5
Going Short on GBPUSD! We see price had previously rejected the 1.24000 area and had went to the 1.19500 support area before bouncing back to the resistance area 1.24000. We are seeing price starting to reject this area once more so we took a short trade! Only downside would be if price were to break above and continue high! But only time will tell! This will be the last trade of the week with 4 trades of profit followed by 1 loss, I would say it was successful! Have a great weekend! Thank you!
Short
by Fx_wzrd
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - At present the MARKET SENTIMENT for GBPUSD is slightly on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK being ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, because the FED is a bit HAWKISH, the XXXUSD PAIRS are getting slightly downward PRESSURE. - The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a bit of a DOWNSIDE BIAS in the MARKET for USD. But after that GBPUSD can BUY until 1.2900 LEVEL. Before that, you can SELL at 1.2148 LEVEL. So go for GBPUSD LONG ENTRIES. Be sure to pay attention to the UK GEOPOLITICAL STATUS. If that MARKET SENTIMENT changes and STOCKS and COMMODITIES start to DOWN, it is risky to BUY GBPUSD. So keep an eye on the MARKET SENTIMENT.
by benny_marshall
GBPUSD is preparing for a rise!Currency Pair : GBPUSD Possible direction : Bullish Technical Analysis : Price has formed a bull flag after strong impulse to the upside. Currently after grabbing liquidity from support price is preparing to breakout from the bull flag. Upon breakout of the bull flag, on the retest of the previous resistance as support. A bullish trade is high probable. Possible trade recommendation : Bullish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Long
by ForexWizard01