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Gbpusdlong

GBPUSD Outlook 05 Feb 2024 Asia Session PEPPERSTONE:GBPUSD GU price is massive down due to DXY Bullish new last Friday. Now GU is consolidation 1.26112 to 1.26450 Level. That is very good sign to again gain momentum in next week. Based on my Analysis BS: 1.26451 Level After Retest SL: 1.26113 TP: 1.26728 TP2:1.27019 Disclaimer: Please be aware that this information is not provided as financial advice. It is crucial to conduct your research and due diligence before making any trading decisions. Financial markets can be highly volatile and involve risks, and the information provided here is for informational purposes only.
by ChartsInsights
GBP/USD Longs from 1.25400 back up to 1.27400This week, I'm watching GU closely for a potential uptrend starting from the 11-hour demand zone below. If price reacts as expected, it could fill the gaps left after Friday's NFP. Another possibility is an upward move from the current 3-hour demand area towards a newly identified 10-hour supply zone. While navigating this situation, I exercise caution, especially concerning the 10hr supply zone, despite the presence of relative equal highs. Prior to considering any sell positions, I ensure that additional confirming factors align with my analysis. Nonetheless, my bias leans towards seeking buy opportunities, considering the temporary bullish sentiment prevailing in the market. Confluences for GU Buys are as follows: - Price is near a clean 11-hour demand zone that has broken structure to the upside. - Liquidity above zone so when it gets swept we can expect price to re-accumulate within our zone to then buy back up. - GU has been temporarily bullish as well so it's a pro-trend idea. - There's lots of liquidity to the upside that needs to be addressed as well as some imbalances. - Dollar (DXY) is still looking bearish as well which means more upside is still left for GU. P.S. Examining the higher time frames, we're currently in a consolidation phase with significant liquidity above and below our nearest Points of Interest (POIs). However, for now, I'll stay flexible and adhere to my trading strategy. If price enters any of the zones I've identified, I'll execute my plan accordingly. HOPE YOU TRADERS END THIS WEEK IN BLUES!
Long
by Hassan_fx
2
GBPUSD I Short-term buy from support after recent impulseWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
8
my plan setup 2Fundamental and Technical Analysis Fundamental analysis covers the economics of the UK and US such as macroeconomic data, political news, important events that can affect currency exchange rates. Technical analysis includes chart pattern reading such as trends, support and resistance levels, oscillator and momentum indicators. Choose Timeframe and Indicators For SMC which focuses more on swing trading, suitable timeframes are 4 hours or daily chart. Use indicators such as MACD, Stochastic, RSI to detect buy or sell momentum. Determine Buy and Sell Levels Determine support and resistance levels as entry buy and sell guidelines. For example support at 1.3000 and resistance at 1.3400. Use crossing indicators as entry signal confirmation. Trade Management Limit risk by placing stop loss below support level and take profit above resistance level. Capital rotation to take advantage of multiple positions per month. For example allocate 20-30% of capital for each position. Evaluate Strategy Performance Monitor and record each trade result to evaluate consistency of the strategy. Make adjustments to parameters or indicators if needed.
Long
by NASAKOM
GBP / USD LONG Very Messy price Action, and am long bias as I believe that gbp is the stringer currency. In order to take this I would like a rejection from bottom, ideally via a break and and pull back back into structure with a 4h close and a higher high close on a smaller time frame for a long back to the top of structure. Alternatively if a pull back doesn't occur then i would look for a break and a 4h close above the blue zone with a retest and a Higher high close on the smaller time frame.
Long
by garethwarnock44
GBPUSD Imminent Longs or wait for 1.26600 for bullish reactionThis week's analysis suggests a bullish reaction in line with the current uptrend, making it a favorable pro-trend opportunity. Currently, price resides in a 2-hour demand zone, and I'll be closely monitoring for a Wyckoff accumulation pattern. Should my confirmation on the lower time frame align, I'll consider buying, although this zone isn't the most optimal. Ideally, I'd prefer this zone to fail, allowing for a potential move to mitigate the 2-hour demand zone below or the 3-hour demand zone that swept the bottom boundary of the consolidation. While this zone presents a promising setup, I'll exercise caution and await additional confirmation before considering an entry. Confluences for GBPUSD Buys are as follows: - Price has been temporarily bullish and this idea goes along with the current trend. - Pullback is ongoing so I can anticipate a potential Wyckoff accumulation to unfold. - Lots of liquidity above that needs to be swept as well as a strong supply as well. - Price has swept the bottom part of the consolidation causing price to break structure to the upside. - A few clean demand zones that need mitigating like the current 2 hour or the ones just below. P.S. Despite the current bullish sentiment, I find the supply zone around 1.28000 on the 10-hour chart intriguing for potential sell opportunities. Therefore, my plan is to aim for buying opportunities leading up to that zone. HAVE A GREAT TRADING WEEK EVERYONE!
Long
by Hassan_fx
1
GBPUSD: Asian forex bears strengthen as US interest rate cut hop In recent developments, bearish bets on several emerging Asian currencies have increased as traders readjust their expectations for an early interest rate cut by the US Federal Reserve. This change has prompted investors to seek refuge in the US dollar. A reassessment of the US Federal Reserve's (Fed) monetary policy trajectory has led to a stronger USD, derailing most Asian currencies since the start of the year. The odds of the Fed lowering interest rates in March have dropped significantly to 41.5%, down sharply from more than 75% just a month earlier, according to NASDAQ:CME's FedWatch Tool. This change in sentiment comes ahead of the expected initial estimate for fourth-quarter U.S. GDP, which is expected to show a 2% annual growth rate.
Short
by Chart_MasterPro
2
GBPUSD Monthly OverviewOverall, this pair is bullish as we understand that the pound has always had the edge over the dollar. Price now trades in a tight consolidation and awaits a break-out. I see this pair breaking out soon and reaching resistance 1.45 in the near future, and beyond that to 1.7. This is the kind of trade you execute and delete your trading platform for a good 3 months. I will be back in March to see how this one performs. Swing Traders are you with me?
Long
by Technical_AnalystZAR
GBPUSD to find buyers at market?GBPUSD - 24h expiry The primary trend remains bullish. The selloff has posted a correction count on the daily chart. A move lower faces tough support and we remain cautious on downside potential. Risk/Reward would be poor to call a buy from current levels. The preferred trade is to buy on dips. We look to Buy at 1.2725 (stop at 1.2693) Our profit targets will be 1.2805 and 1.2825 Resistance: 1.2785 / 1.2825 / 1.2870 Support: 1.2725 / 1.2700 / 1.2655 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
The Potential Strong Bull on the Horizon...In terms of trading analysis, I am a strong advocate for taking a long-term approach and striving to gain the best possible insight into where the market may be heading in the coming quarters (and in some cases even further ahead) . Identifying the overall direction of the market is a critical factor not just in positioning oneself for high-percentage gains but also in increasing profits while reducing trade frequency. I have already shared my EUR/USD outlook in a previous video, but I would also like to share my ideas here regarding both the GBP/USD and AUD/USD pairs. While my main focus is typically on the EUR/USD, I do occasionally explore other pairs if there are promising opportunities. The GBP/USD setup is a large falling wedge which typically calls for a move to the upside. Coupled with a up trending MACD which further gives this further strength of a possible bullish move. The AUD/USD setup is a large falling Descending triangle which typically calls for a move to the upside. Coupled with a up trending MACD which gives this further strength of a possible bullish move. Projected target on the GBP/USD is 1.4000. Projected target on the AUD/USD is 0.7700 (possibly extended to 0.8000..
Long
by InternalTraderNYC