GBP-USD LONG CALL (ONE HOUR SETUP)Based on the one-hour GBP-USD forex pair technical analysis, it apperas that this forex pair may take a bullish run if it breaks its reisstance at 1.27600. RSI is not showing any sign of over bought or over sold. However, this trade is not for short-term trading ideas.
Gbpusdlong
GBP USD long GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GBP USD confirm signal
Bought the dip in GBP/USD, do you think it would go up ?Hello traders, on account of US Dollar demand across the board due to news about the escalating Iran-Israel conflict, GBP/USD fell quite rapidly during the Asian Trading session on Friday.
However, in the 4-hour chart, we can see that the price is currently at the lower trend line of the price channel. So, if the lower TL holds, traders can consider going long in GBPUSD@1.24 with target around the 1.26 level
I bought at 1.2395 and I am currently holding this buy. Let's see if GBPUSD moves up over the next few days.
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!
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gbpusd now buy short time h1ECB is "very clear" about the possibility of a rate cut in June
In Europe, EUR/USD rose 0.1% to 1.0677, adding to Wednesday's 0.5% gain, pulling away from a five-month low seen at the start of the month.
Nonetheless, these gains may only be temporary with the European Central Bank now expected to cut interest rates before the Federal Reserve in a bid to give a boost to the region's struggling economies.
The ECB has made it "very clear" that interest rates could be cut in June, ECB Vice President Luis de Guindos said earlier on Thursday, but also stressed that policy decisions beyond that remained unclear.
Markets are currently looking at a 75 basis point cut in the central bank's deposit rate of 4% this year, or two cuts after June.
GBP/USD edged 0.2% higher to 1.2475, trading just above five-month lows after Wednesday's UK inflation data rose at its weakest rate in two and a half years in March.
Bank of England Governor Andrew Bailey said earlier this week that the UK faces less inflation risk than the US, and "this raises the question of why markets are pricing in the same amount of easing this year - 45bp - for both the Fed and the BoE," said analysts at ING.
"We could see these expectations shift in the coming months as more BoE easing is expected. This would be negative for sterling."
GBP/USD rises 70 pips from the lows but meets hourly resistanceHello traders, the 1.24 level has remained unbroken so far in GBP/USD. There have been quite a few bounce-ups from this level. GBP/USD rose up by 70 pips after touching the lows at 1.2407.
However, the small bullish impulse has meet with the hourly resistance at 1.2480 level and moved lower. So the immediate hurdle for the bulls is at 1.2480 level . Bulls need to break this level and consolidate above it for uptrend to continue.
At current price levels, it is better to avoid trading as the price action looks messy at the moment.
GBPUSD - Feb. 19th, 2024GBPUSD - Feb. 19th, 2024
By request.
BUY/LONG ZONE (not shown): Starts at 1.26250, adjustable to channel low.
DO NOT TRADE/DNT ZONE (not shown): 1.25910 - 1.25250, adjustable to channel levels.
SELL/SHORT ZONE (not shown): Starts at 1.25910, adjustable to channel high.
Weekly: Bullish
Daily: Bearish
4H: Bullish
1H: Bearish
Weekly: Bullish, bearish if there's a close below 1.25350.
Daily: Bearish, supporting structure & breakdown of zone but respect to level below.
4H: Bullish structure with ascending channel.
1H: Bearish but has respect to channel low.
I personally would not trade this at the moment but if I had to I'd go short just because high frame respect to zones and most recent low frame pushes. Keys here are the zone that the daily frame broke and respected and the channel drawn on the 4H. Bulls should want to see the channel respected into a breakout of the zone around 1.26250 - 1.26350. Bears should want a breakdown of the channel lower level or a rejection of the zone bottom at 1.26250 or a breakdown of structural lows at 1.25910.
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.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
GBPUSD $GBPUSD - Mar. 12th, 2024GBPUSD FX:GBPUSD - Mar. 12th, 2024
BUY/LONG ZONE: 1.27970 - 1.29425
DO NOT TRADE/DNT ZONE: 1.27550 - 1.27970 (Extended area would be 1.26950 - 1.27970)
SELL/SHORT ZONE: 1.25355 - 1.26950 (Extended area would be 1.25355 - 1.27550)
Weekly: Bullish
Daily: Bullish
4H: Bearish
1H: Bearish
Previous bullish target is shown and for the visual I did extend it on the screen. The expanded DNT and bearish zones are shown for either later or earlier entries, just depends on how the lower timeframe structure develops. Some lower timeframe levels and zones are drawn in a lighter blue for some reference areas on when to enter.
There is no indication on the weekly and daily timeframe other than current momentum that the price is going to turn bearish.
Dropping down to the 4H timeframe: structure has turned bearish and has broken down through the zone that was used to determine the bullish zone.
Dropping down to the 1H timeframe: price has created clear bearish structure and is currently holding, with a retest of the previous low, now the current structural lower high.
Bears can enter as soon as 1.27550 or wait for a later entry around 1.26950, both are displayed on the chart.
Bulls should wait for structural reversals to develop on the 1H/4H timeframes and/or for price to break back above 1.27970.
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GBPUSD: False Break Prompts Bullish MomentumCurrently, GBPUSD has exhibited a false break of structure, commonly known as Turtle Soup, suggesting a potential bullish draw towards the daily Fair Value Gap (FVG) . Price has retested an m15 bullish order block, indicating a possible bullish continuation.
Alternatively, price may reach the H1 Order block, where a confirmation entry can be sought for a buy opportunity.
Please note that I will be closing my trade at 12 PM NY Time as I cease trading for the day.
Kind Regards,
The_Architect
GBP/USD Reversal Analysis: Potential Reversal at Near-Term SuppoThe GBP/USD currency pair has shown signs of potential reversal as it approaches a critical support level. A detailed analysis suggests that a bullish reversal may be imminent.
Technical Analysis:
Support Level: The pair is currently approaching a significant support level, indicating a potential area for a reversal. This support level has historically shown resilience and could act as a launching pad for a bullish movement.
Bollinger Bands: The Bollinger Bands indicator also suggests a potential reversal, with the price approaching the lower band. This could indicate oversold conditions and a possible bounce back towards the upper band.
RSI (Relative Strength Index): The RSI is showing signs of divergence, with the price making lower lows while the RSI is making higher lows. This divergence often precedes a reversal in price direction, adding weight to the bullish case.
Trade Recommendation:
Entry: Consider entering a long position near the support level, ideally after confirmation of a bullish reversal pattern such as a bullish engulfing candlestick pattern or a bullish divergence on lower time frames.
Stop Loss: Place a stop loss below the support level to manage risk in case of a breakdown.
Target: The initial target could be set at a resistance level or a previous swing high, with potential for further upside if the bullish momentum strengthens.
Disclaimer:
Trading forex involves substantial risk of loss and is not suitable for all investors. The analysis provided here is for informational purposes only and should not be construed as investment advice or a recommendation to trade. Always perform your own due diligence and consult with a qualified financial advisor before making any investment decisions. Past performance is not necessarily indicative of future results. Trading carries risks, and it's essential to only trade with capital you can afford to lose.
GBPUSD TRADE IDEA / POTENTIAL LONG OPPORTUNITYHello Traders!
I'm currently seeking a long position opportunity on GBPUSD. The price has reached a pivotal resistance level, and I'm forecasting a bullish breakout with a target set at 1.27200. I wait for a correction movement in the dollar index before executing this trade.
I consider the FVG a good entry point for a long position. In case of confirmation, I will execute this trade.
GBPUSD: Fed Chairman KC Schmid: Current US monetary policy is apComments on Friday from Fed Chairman KC:
Encouraging patience with interest rates until inflation declines markedly to 2%
Economic growth is creating uncertainty about monetary policy
Inflation remains high
The employment sector remains strong
Wage increases indicate an imbalance in the labor market
Want to see the Fed balance sheet shrink
GBPUSD - Scenario for a sell ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I wait price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 1.26500.
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Educational GBPUSD Long 4/15/24On a high time frame POV, price has dopped to the 0.5 fib and tapped into a liquidity level.
On the Medium time frame, you can see price has shifted into an uptrend, making HHs and HLs.
You can see this morning price dropped to its golden pocket area. Along with the golden pocket, we had the previous day POC, and the developing day VAL.
On the low time frame, price dropped to create a failed auction below our NY IB. I went long on the reclaim of the IB Low.
My TP1 was hit at the VWAP, I will look for TP2 at the dVAH/IB high.
GBPUSD: Anticipating a Bullish Draw On Liquidity (m15)At present, the GBPUSD has triggered discount sell stops on the m15 timeframe and reached the m15 bullish order block. I anticipate a bullish pull towards the m15 buy stops and a movement towards the h1 bearish order block to fill the current liquidity void.
Kind Regards,
The_Architect
Last chance for the GBP/USD bulls, key S/R levelsHello traders, GBP/USD has fallen massively post the US CPI data release last week. While I expected price to fall upto the 1.2520 zone, I did not expect the 1.12520 horizontal support
to break down.
Looking at the chart, we can plot a price channel and currently, the price seems to be at the lower trend line of the price channel. So, in my opinion, this is the last level which the bulls must defend.
If the 1.2440 level holds, then we can consider buying GBP/USD@1.2440-1.2460 with targets at
1.2520 and 1.2580 respectively.
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GBPUSD → Trade Analysis | BUY SetupHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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GBPUSD Longs from 1.24000 up towards 1.25500This week, my bias for GBPUSD is to pursue buying opportunities to address significant imbalances above and to target the recent supply zone. Given the proximity of price to my 10-hour demand zone, I anticipate a temporary bullish move toward the supply area. With price currently exhibiting slower movement, I'll wait for an accumulation phase to develop before entering buy positions.
Once in buys, I aim to drive price up toward the 18-hour supply zone, where I'll consider selling positions to capitalize on the pronounced bearish trend. While the trend is strongly bearish at present, I expect a pullback to occur before initiating any actions in line with this strategy.
Confluences for GU Buys are as follows:
- Price left so many imbalances above that need to be filled.
- In order for price to continue the bearish trend price must pullback up
- Approaching a really nice 10hr demand that has caused a BOS to the upside.
- DXY is also near a good supply zone so could expect the dollar to drop a bit this week.
P.S. If price breaks below the 10-hour demand zone, which I anticipate holding, there is a robust daily demand level below that. However, if this scenario does not materialize, I will simply wait for a pullback to consider potential selling opportunities.
Have a great trading week ahead guys!
gbpusd long signalGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GBP/USD extends losses and trades at fresh multi-month lows below 1.2450 even after the January month UK GDP was revised higher to 0.3%. The negative shift seen in risk mood fuels another leg higher in the USD and drags the pair lower.
GBP/USD stays in the lower half of the descending regression channel and the Relative Strength Index (RSI) indicator on the 4-hour chart holds slightly above 30, suggesting that the pair has some more room on the downside before turning technical oversold.
1.2500 (static level, psychological level) aligns as first support before 1.2450 (lower limit of the descending channel) and 1.2420 (static level from November). On the upside, first resistance is located at 1.2550 (mid-point of the descending channel) before 1.2590 (200-day Simple Moving Average).