Get started

Gbpusdlong

GBP/USD back to support level, price may rebound a bitHello traders, as I had predicted a week ago, GBP/USD fell after hitting the 1.28 resistance level. Currently, price is back at the 1.2530 zone. Please note that, there is a likelihood of further rebound in GBP/USD . Price has already rebounded more than 40 pips. We have already bought GBPUSD 1.2540 with initial target at 1.2650 If price dips again, I recommend traders to buy GBPUSD@1.2520-1.2540 with Stop loss under 1.25 and ititial TP at 1.2650 However, a fall below the 1.25 level would be bad for the bulls, so I advise everyone to apply proper money management while buying
Long
by KaltoireCapital
11
GBPUSD: Bullish Potential Post-Harmonic Pattern FormationThe GBPUSD currency pair has recently completed the formation of an XABCD harmonic pattern, with a notable rejection observed at point D around 1.2580. This rejection signifies a potential reversal in the price action. Presently, the pair is consolidating within this region, suggesting a period of indecision among market participants. Our analysis indicates a bullish bias for GBPUSD, contingent upon a breakout above the 1.2660 price range. A decisive breach of this level could signal the initiation of an upward momentum, prompting a favorable entry opportunity. For traders considering a position, we recommend entering upon the retest of the 1.2660 level, with a strategically placed stop loss at 1.2550 to manage risk exposure effectively. In terms of profit targets, we propose two potential exit points: TP-1 at 1.2770 and TP-2 at 1.2880. These targets align with key resistance levels and offer favorable risk-to-reward ratios for prudent traders. It is important to remain vigilant and monitor price action closely for any signs of deviation from the anticipated scenario. Adherence to risk management principles is paramount to mitigate potential losses and maximize profitability. Disclaimer: This analysis is based solely on technical indicators and historical price data, and it should not be construed as financial advice. Traders are advised to conduct their own research and exercise caution when making trading decisions in the forex market.
Long
by MZ_FX_
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
GBP/USD short term longs to shorts 1.26000 back up to 1.27200I am currently holding a bearish view on GU, and I'm patiently waiting for a deeper pullback toward the primary supply zone. However, there's a nearby 1hr demand zone where we might witness a bullish reaction. If this zone fails, which is possible given the ample liquidity below, there's also a deeper demand zone just beneath it. We need to wait patiently to see how price behaves. If price continues to rise, reaching the Asian high and trend line, it would strengthen my bearish bias and provide additional confluence for potential sells. Conversely, if price declines further, I'll be on the lookout for Wyckoff accumulation to unfold in either of the demand zones. Confluences for GU short term buys are as follows: - Price left lots of liquidity to the upside as well as an asian high that needs to get taken - There is two 1hr demand zones that could initiate the expected pullback yet to come. - For my sell bias to come into play, price must rally up which hasn't happened yet. - Imbalances are left above that need to get filled. P.S. If price continues to decline, I'll wait for a new supply zone to form and then consider selling from that point. Ultimately, the majority of liquidity remains situated below, influencing this decision.
Long
by Hassan_fx
Buy GBPUSD H4 Chart - ChannelGBPUSD Buyers Eyeing Opportunity : The GBP/USD pair on the H4 timeframe presents a potentially bullish opportunity due to a price nearing a breakout from a well-defined channel pattern. This suggests a possible shift in momentum and a higher likelihood of an uptrend in the coming days. Key Points: Buy Entry: Consider entering a long position (buying) around the 1.2600 - 1.2570 zone. This zone represents an attractive entry point near the potential breakout level. Target: The initial bullish target lies at 1.2820. Stop-Loss: To manage risk, place a stop-loss order below the lower support line of the channel, ideally around 1.2550. This helps limit potential losses if the price breaks down from the channel pattern and the downtrend resumes. Thank you.
Long
by KABHI_TA_TRADING
23
Gbpusd long GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next In case GBP/USD closes the day below the 200-day SMA at 1.2590 and starts using this level as resistance, technical sellers could remain interested. In this scenario, 1.2550 (beginning point of the latest uptrend) and 1.2500 (static level) could be set as next bearish targets. On the upside, GBP/USD could stage a recovery if it manages to stabilize above 1.2590/1.2600 (200-day SMA, psychological level). 1.2640 (100-day SMA) and 1.2670-1.2680 (Fibonacci 61.8% retracement of the latest uptrend, 200-period SMA on the 4-hour chart, 50-day SMA) could be seen as next hurdles. 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. Confirm long Target
Long
by JohnHarry_7
1
GBPUSD - BUY SIGNALGBP/USD holds support below 1.2600. Markets continue to reflect the expectation that the BoE will hold off until August before easing. Rate expectations are perhaps providing the GBP with a bit of a cushion against the USD’s advance. Sterling has rebounded modestly from the earlier session low. The GBP/USD pair based around 1.2590/1.2600, effectively a retest of the 200-Day Moving Average where Cable has found support in the recent past. Gains through 1.2640/1.2650 resistance are needed to give the GBP an additional lift from here. Guys, what do you think? Leave a comment with your thoughts.
Long
by tradingconmike
2
GBPUSD LIQUIDITY GRABlast friday sessions price grab below it fake flag form, Im not expecting a lower price for this pair, see my charts how I explain, if youre a smc I think you understand also what is protected orders, not taking a OB it doesnt mean price would go to respected OB, its been a discussions on how trading works and how this idea might be invalid for most of the smc traders. This is only my view, last friday price grab below. This is not a financial advice either. FOllow for more. Give a like if you think its good. give a comment if you have another view, I will appreciate what is your insights!
Long
by D1GITALTRADES
2
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
GBPUSD SHORT TRADE 305 PIPS READ DESCRIPRIONThe analysis for GBP/USD suggests that the currency pair is currently at a significant support level, which it has respected historically. This support level has been pivotal in guiding the price action of GBP/USD, with previous resistance having converted into support. The main support area is identified between 1.25350 to 1.25900, indicating a critical zone where buyers have historically stepped in to defend the price from further declines. Examining the data from big players and investors reveals a predominantly bullish sentiment, with 66% net long positions and 34% net short positions. The number of traders net-short has decreased by 24.98% from the previous week, indicating a reduction in bearish sentiment among traders. Retail trader data also shows a slight bias towards long positions, with 50.21% of traders being net-long on GBP/USD. This sentiment has remained consistent since March 01, suggesting a sustained bullish outlook among retail traders. From a technical analysis perspective, GBP/USD exhibits low volatility, with an Average True Range (ATR) of 0.01 and a total intraday range of 151.6%. Additionally, there is bullish divergence observed in the 15-minute timeframe, indicating a potential reversal of the current downtrend. The proposed long trade aims to capitalize on the bullish sentiment and the support level respected by GBP/USD. With a target of 305.7 pips and a profit potential of 2.43%, traders seek to benefit from potential upward movement in the currency pair. Risk management is emphasized to protect capital, ensuring that traders adhere to their risk tolerance levels and adjust position sizes accordingly. In summary, the analysis suggests a bullish outlook for GBP/USD, supported by historical support, investor sentiment, and technical indicators. Traders are presented with an opportunity to enter a long trade, with the understanding of managing risk and seeking potential profits. Communication is encouraged to address any confusion and to facilitate a better understanding of the market dynamics.
Long
by MOAZAM1133