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Gbpusdidea

GBP/USD potential sell set-up: +310 Pips Dear traders, after the FOMC event yesterday, GBP/USD pulled back from the highs. If we look at the daily chart, GBP/USD has not managed to break the resistance level so far. So, we can continue to look at the price action for a couple of days. In case price doesn't break the resistance level and we see the formation of bearish candlesticks in the resistance level, selling GBP/USD@1.2680-1/27 with SL above resistance and TP at 1.2350 would be a potential sell set-up .
Short
by YourLazyTrader
4
GBP/USD Analysis : Sell after FOMC?Dear traders, as I mentioned in my previous idea GBP/USD is slowly moving towards the 1.2680 resistance level. So, it would be better to wait and watch the price action at this level before executing any trades. Also, keep in mind that we have the FOMC event later in the day which could lead to a lot of volatility in GBPUSD pair. In case we can see the formation of bearish price action at the resistance level, selling GBP/USD@1.2680 with SL above resistance and TP at 1.2350 is a potential sell plan . Keep in mind this set-up is speculative and it will depend on price action whether this trade is executed or not .
Short
by YourLazyTrader
15
Potential Short Trade Opportunity in GBP/USD - Targeting DownBased on analysis, an intriguing opportunity has surfaced for a potential short trade in the GBP/USD currency pair. The suggested entry level for sellers is at 1.26100. 📉💰 To maximize profit potential, three take-profit levels have been identified: 🎯 Take Profit 1 (TP¹): 1.25800 🎯 Take Profit 2 (TP²): 1.25500 🎯 Take Profit 3 (TP³): 1.25200 These targets aim to capture the expected downward momentum in the market. 🎯💥 To manage risk, it is crucial to set a stop-loss (SL) level at 1.26700. This will help safeguard against potential adverse price movements. 🛡️⚠️ It is important to note that market dynamics can change unexpectedly, so it is vital to stay alert and adapt your trading strategy accordingly. Use your own discretion and adjust the stop-loss and take-profit levels based on your risk tolerance and trading plan. ⚙️💪 Successful trading requires careful analysis, effective risk management, and disciplined execution. Wishing you the best of luck and successful trades! 📊💼✨ #TradingView #GBPUSD #ShortTradeOpportunity #TakeProfitTargets #TechnicalAnalysis #MarketAnalysis #RiskManagement #TradingStrategy #ForexTrading
Short
by POUSHEINI
Best level to sell GBP/USD + 220 Pips potentialDear traders, despite yesterday's 100 pips fall which gave us a good profit of 87 Pips on our sell trades, GBP/USD has managed to recover. If you are planning on selling GBP/USD, I would recommend you to wait for a better entry. Keep in mind that a perfect entry is crucial to ensure your trading strategy is profitable. So, if GBP/USD reaches 1.2675 level and bearish price action forms, traders can consider selling GBP/USD@1.2675 with SL above resistance and TP at 1.25
by YourLazyTrader
4
BluetonaFX - GBPUSD Triangle FormationHi Traders! There is a symmetrical triangle formation here on the GBPUSD 1D chart, and we are awaiting a breakout on either side. There is strong resistance at the 1.26800 level; there must be a break and close above this level for a possible continuation to 1.27000. To the downside, we have strong support at the 1.22746 level, and we must break below this level for a possible continuation down to 1.22000. This trading week will be very busy with all of the upcoming fundamental announcements, and there are bound to be big market moves, so make sure you trade safely and responsibly. Please do not forget to support us by liking, following, and commenting on our posts; this helps us greatly. Thank you for your support. BluetonaFX
by BluetonaFX
2
GBPUSD Strong correction before the declineHi, According to GBPUSD Market Analysis. There is a high probability of further decline. With the pair retreating from a very strong resistance at the level of 1.25500, and a strong correction of the golden ratio of 0.61%. We also notice a downward channel. The price has broken the upward trend. in green, as shown in the analysis. Good luck everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
14
BluetonaFX - GBPUSD HEAD & SHOULDERS IDEAHi Traders! We have a Head & Shoulders trade setup here on GBPUSD 1D chart. The market looks to be approaching the neckline and we are now looking for a break and close to the neckline with momentum to target lower levels. If we get a break and close of the neckline, we have the profit target level at 1.21761 and if you want to hold on for a larger risk reward trade, our second target level is at 1.20156. The ideal entry point is to either wait for a break and close to the neckline or to wait for a break with a retest of the neckline. On the other side of the trade, if we fail to break and close below the trendline, we will most likely stay in the range as there is a current lack of bullish momentum. We will keep a close eye on this and will update you if we get any further action on this setup. Please make sure you give us a like, follow and comment. Thank you for your support. BluetonaFX
by BluetonaFX
2