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Gbpusdlong

GBPUSD I Pivot upward from weekly levelWelcome 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
9
GBPUSD Analysis: Potential Support and Trading PlanAs anticipated, the GBPUSD pair has undergone a decline, currently trading below the crucial 78.6% Fibonacci retracement level at 1.24700. Our analysis suggests the potential for a retest of the 78.6% Fibonacci level at 1.24850. Following this, we anticipate a downward move towards the 88.6% Fibonacci retracement level, coinciding with the S2 Pivot from D1 at 1.23930 and the psychological support level of 1.24. This convergence of multiple strategies and technical indicators indicates that this support level could potentially act as a formidable barrier for bearish momentum. From this pivotal support, our outlook envisions a strong upward rally towards the 1.27200 to 1.2800 levels. In accordance with our trading plan, we are considering initiating a trade near the 88.6% retracement level. To manage risk effectively, we plan to implement a stop-loss order just below the low from May 23rd, positioned at the 1.23 level. This risk management strategy aims to limit potential losses to approximately 0.8%, while targeting a potential reward of around 3-3.5%. It is crucial to emphasize that this analysis is not a trading recommendation but rather our current perspective, which may evolve as the market approaches our anticipated levels. Always prioritize prudent risk management and align your trading strategy with your individual preferences and risk tolerance.
Long
by Coder775
GBPUSD - Only short position ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a strong bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block for a potential short. Fundamental analysis: This week on Wednesday will be released Interest Rate on USD, followed by FOMC Press Conference, yearly CPI on GBP and on Thursday Interest Rate. Very important news, so pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
GBPUSD forming H&S in Daily Timeframe.GBPUSD is now heading towards an important level after breaking the recent small head and shoulders support/neckline around 1.25900, we expect the price to fall at the market open to this level at $1.23250, basically the market has already had broken the ascending channel at $1.27900 due to the head and shoulders formation. The "Head" - @1.31280 and shoulders price level can be seen at @$1.28050. This pattern is clearly seen on the lower time frames - 4H and H1 and the market appears to be making another head and shoulders formation and this tells us that more bearish market is on the way. 🔥: GBPUSD SETUP: NEUTRAL 🔥BUY ZONE: $1.23180 🔴SL: - $1.2285 🟢TP - $1.2601 Next 🔥SELL Zone: $1.2678 🔴SL: - Open 🟢TP - $1.2340 🟢TP - $1.1992
Long
by FKW-Millions
GBPUSD | Perspective for the new week | Follow-upWelcome, traders, to another exciting episode of my weekly price action-based technical analysis series, dedicated to unraveling the intricacies of the GBPUSD market. The Bank of England (BoE) gears up for its 15th consecutive interest rate hike on September 21st. Join us as we dissect the implications of this development on price action! August witnessed a notable surge in the British public's expectations for medium to long-term inflation. The BoE, confronting the highest inflation rate among leading global economies, has set the stage for yet another rate hike. However, the anticipation has stirred a cauldron of mixed reactions. Recent surveys have hinted at a softening outlook for inflation, further fueled by Governor Andrew Bailey's remark that the rate peak is now 'much nearer.' Throughout the second half of the previous week, the pound oscillated just above a three-month low, eventually finding equilibrium around the $1.24500 territory as the week drew to a close. The brewing uncertainties, coupled with signs of a jobs market slowdown in Britain and an impressive dollar rally, have driven the pound to a 5% decline against the U.S. dollar since mid-July. With the BoE's next interest rate decision looming on September 21st, traders are keeping a close watch. Derivatives markets indicate a 73% probability of a 25 bps rate hike, while a 27% chance exists that rates will remain steady at the current 5.25% level. How will these prevailing sentiments sculpt the terrain of this market in the week ahead? GBPUSD Technical Analysis: Will the pound find solid support at the $1.24500 zone, or are we heading towards a potential breakdown and a possible sell-off? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the UK and US dockets for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. Keep a close eye on that critical confluence at $1.24500. It's a decisive moment where both sellers and buyers are vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results
by darcsherry
1
GBPUSD - Short active ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price filled the imbalance and mitigated bearish order block. Fundamental analysis: This week on Wednesday will be released monthly GDP on GBP, as well monthly and yearly CPI on USD. Pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD