Get started

Gbpusdidea

GBPUSD $GBPUSD | 4H BREAKDOWN OR BREAKOUT? - Apr. 17th, 2024GBPUSD FX:GBPUSD | 4H BREAKDOWN OR BREAKOUT? - Apr. 17th, 2024 BUY/LONG ZONE (GREEN): 1.25350 - 1.26215 Can be extended to: 1.24820 - 1.26215 DO NOT TRADE/DNT ZONE (WHITE): 1.24260 - 1.25350 Can be reduced to: 1.24260 - 1.24820 SELL/SHORT ZONE (RED): 1.23000 - 1.24260 Weekly: Bearish Daily: Bearish 4H: Bearish FX:GBPUSD fell through the bottom of the previous bearish zone so I've decided to create a new chart. The 4H is currently developing a range, bulls should be looking for breakouts above the top levels of either 1.24820 or 1.25350, bears should be looking for breakdowns below the bottom level of 1.24260. TradingView is not allowing me to publish properly with multiple timeframes so I attached a small image of the weekly and daily timeframe views. The image is anchored and cannot be resized but it gives a small visual of what I was looking at. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, gbpusd, gbp, usd, FX:GBPUSD , pound, pounddollar, cable, cablecurrency, forex, gbpusdforex, fx, currencytrading, gbpusdrange, gbpusdtrend, gbpusdidea, gu, gbpusdanalysis, gutrades, gufx, rangetrading, range,
by TonyAiello
GBPUSD - Potential Short Trade Idea ✅💡Hello Traders! This is my idea for GBPUSD. I expect a retracement from the Supply level which is also an OB level. I see a continuation of the bearish market structure and in case of confirmation of retracement from the supply level, I will execute a short trade. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible. ____________________________________ www.tradingview.com
Short
by GoodTradeST
GBPUSD H1 / Potential Bullish Retracement💡Hello Traders! This is my forecast for GBPUSD H1. I expect the price to close the FVG and to retrace from the resistance level. In case of confirmation, I will execute a long trade. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
GBPUSD H1 / Expecting a Bearish Move / Looking for Short Trade ✅Hello Traders! This is my forecast for GBPUSD H1. I expect DXY to be continuously bullish, that's why I will look for a short entry on GBPUSD. I expect to see that PDL will be taken. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
1
GBPUSD M30 / OB Taken, Looking for a Long Entry Confirmation 📈Hello Traders! This is my idea related to GBPUSD M30. I like the reaction from the OB, and I expect another bearish move before going bullish. I expect also that BOSS will be taken and after that, I will look for a long entry. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
by GoodTradeST
GBPUSD Day Analysis | Sell Setup| Bearish is comingHello Traders, here is the full analysis. This is my current view on GBPUSD. Price is hovering around our entry zone. Possible strong bearish movement expected! Keep an eye out. A good entry now with accurate stop loss can be a good one. 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 🤗
Short
by TheGrove
3
GBPUSD Weakness ContinuesHi Traders! GBPUSD continues its bearish outlook, and further downside momentum looks very likely. Here are the details: The market is trending down, with longer swings consisting of lower highs and lower lows. The previous support level of 1.26034 has been broken, and the market may go back to below the 1.25000 level. Preferred Direction: Sell Entry Level: 1.25772 Stop Level: 1.26213 Target Level: 1.24890 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
BluetonaFX - GBPUSD Pullback To Previous Resistance BreakHi Traders! GBPUSD looks to be on a pullback after breaking and closing above the previous resistance, and there are opportunities for short entries to take advantage of the potential pullback to target levels near the previous resistance break. Price Action 📊 After the initial break and close above the previous resistance at 1.24286, the market rallied to find new resistance near the swing high resistance level near 1.27466. If the market holds here, the pattern will become a double-top pattern, which is bearish, so this will also support our view. Our plan here is to sell rallies and look for exits near the previous resistance break at 1.24286 and the 20 EMA. Fundamental Analysis 📰 Later today, we have BoE Governor Bailey speaking; therefore, we must be wary of his speech, as what he says may be potentially volatile for GBP pairs. Support 📉 1.26068: PREVIOUS DAY'S LOW 1.24286: PREVIOUS RESISTANCE BREAK Resistance 📈 1.27466: SWING HIGH RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
2
BluetonaFX - Bullish Outlook for GBUSDHi Traders! GBPUSD continues to trade with bullish momentum and looks to be targeting the previous strong support level from August at 1.26148, which is now resistance. Price Action 📊 After breaking above the descending price channel, the market is now in an ascending price channel, and the price action looks completely bullish with higher market swings and trading well above the 20 EMA. Fundamental Analysis 📰 Bank of England Governor Andrew Bailey warned earlier this week that the central bank may have to raise interest rates again and that the general cost of living remains an upside risk to the inflation outlook. The Flash Manufacturing and Flash Services PMI came out better than expected; therefore, this does relieve some pressure on the inflation outlook for the GBP. Support 📉 1.24492: PREVIOUS DAY'S LOW Resistance 📈 1.26146: AUGUST 2023'S MAJOR SUPPORT Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
GBPUSD Shorts from 1.25500 down towards 1.24000This bias for GBPUSD this week is not as clean in terms of price entering an ideal zone however, it's still a possibility that could happen so let's look at how we could sell GU. As we know this market has been in a small uptrend recently but, I am still overall bearish (looking at the HTFs) Therefore, I would be waiting for price to enter a near by supply so we can at least sell down towards a demand zone to continue the temporary bullish trend. Currently, it is approaching a 9hr supply that has caused a small BOS to the downside and price will require some sort of pull back to continue going upwards, hence why this is a counter trend idea. We are also reaching a psychological level of 1.25500 which is another good sign to anticipate a reaction, as this would tell us if price would want to retrace or keep pushing higher. Confluences for GBPUSD shorts are as follows: - Price approaching 9hr supply zone that has caused a BOS to the downside. - The zone also lies between a psychological key figure of 1.25500. - Pending correction is likely to happen due to the impulse move that has been taken place. - Lots of liquidity left below in the form of asian lows and there is huge imbalances as well. - Overall market trend for GU is bearish according to the monthly/weekly time frame. - Price has swept lots of liquidity already to the upside and momentum is dying down slowly. P.S. As price still looks pretty bullish I won't be surprised if this zone doesn't hold however, there is also better supply zones above like the 15hr which looks more probable. For now we will wait for our Wyckoff distribution to play out & see if price gives us an entry model for sells.
Short
by Hassan_fx
1