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Gbpusdlong

GBPUSD: 500 PIPS SETUP❤️Dear Traders, USD has been strong lately and market has been messy due to recent economic data, however, after todays strong GBP news we think in coming weeks GBP will be extremely bullish whereas we expect DXY to remain bearish for longer term. Let’s wait and see how it works out. Our main aim here is to wait for price to come to our area which has higher possibility that it may drop hard later this week. If not price may break -through trend-line.
Long
by Setupsfx_
39
Getting Ready To Buy On A Move Under 1.25 ?What lies ahead for GBPUSD? Personally, my focus is on identifying opportunities to buy during price dips below 1.25 towards the BUY/DEMAND area starting at 1.242. Here's why. Back in June, I outlined a potential path for this pair following the breakout of the 1.24 weekly resistance level. I anticipated a minor retracement to that level and then a leg up towards the weekly SUPPLY/SELL zone at 1.305, I mentioned the most probable target for the move up was the resistance at 1.315. This actually played out to the pip lol (see related post) We've had a strong rebound from the 1.315 resistance ,with price moving downwards ever since now approaching newly formed BUY/DEMAND zone that started the move up to 1.315 this area will likely draw buying attention. Furthermore, this zone aligns with the previous resistance-now-turned-support at 1.24. This additional convergence fortifies the BUY proposition and bolsters my conviction that buyers will once again step in. My strategy involves patiently awaiting a price descent below 1.25 and then deploying my TRFX indicator to identify signals on the 12-hour or daily charts. I'll be monitoring the 4-hour timeframe for MACD divergence cues as we edge closer to the 1.24 region. Such signals would indicate a slowdown in momentum within a zone of significant prior buying activity, serving as an additional buying indicator. Should substantial buying activity materialize in this vicinity, it's plausible to anticipate a potent upwards move on the weekly timeframe, potentially culminating in a new high, perhaps targeting 1.33 or even higher. Initially, the target to watch for would be 1.275, which is likely to provide resistance. Here, I'll reassess price action to ascertain the next move. Should sellers reemerge around 1.275, it could trigger a descent towards the weekly BUY/DEMAND area at 1.20. This is how I see things. I look at the bigger picture and remember that it could take a few weeks or even longer for my ideas to play out. If you want more info, check out my post from July about GBPUSD – it shows how I work. Hope this makes things clearer!
Long
by TheFxAce
19
GBP/USD on the Hourly Chart: Support and Resistance ZonesSupport Levels: Support 1 @ 1.26182: The level at 1.26182 is the first support level identified on the hourly chart of GBP/USD. The price tends to find buying interest and potentially reverse its downward movement in support levels. Traders should closely monitor this level, as a breach below it could signal increased bearish pressure. Support 2 @ 1.25651: Support 2, located at 1.25651, represents another significant support level. This level has historically played a crucial role in reversing the price's direction. If Support 2 is breached, it may indicate the potential for a more substantial downward move. Resistance Level: Resistance @ 1.27667: The resistance level at 1.27667 is a key point of resistance on the hourly GBP/USD chart. Resistance levels are where the price often faces selling pressure and may reverse its upward momentum. Traders should pay close attention to this level, as a decisive move above it could indicate a bullish sentiment in the short term. Conclusion: Understanding support and resistance levels is fundamental for successful forex trading. These levels provide valuable insights into potential price reversals and trend continuations. Traders in the GBP/USD market should carefully observe the identified support and resistance zones mentioned in this blog post. It's important to remember that the forex market is influenced by a variety of factors, including economic data releases, geopolitical events, and market sentiment. Therefore, traders should complement their analysis with other technical and fundamental indicators to make well-informed trading decisions. Risk management is equally crucial when trading in the forex market. Traders should use stop-loss orders and position sizing to manage risk effectively and protect their capital. Additionally, developing a well-thought-out trading strategy and adhering to it is essential for consistent success in forex trading.
by enclavefx_Analaysis
1
Weak price action in the 4Hour chart could drag GBP/USD lowerHello everyone, we are seeing some weak price action in the 4Hour chart which could bring the price closer to the 1.26 level. 📌GBP/USD rebounded almost 185 pips after hitting the lows at the 1.2550 level on Friday. 📌Also if you switch to the daily chart, you can see a high probability of a reversal as GBP/USD is consolidating in the 100-day moving average region(daily chart analysis is attached below) 📌So, even if GBP/USD reaches the 1.2550 level, I would consider that a buying opportunity with immediate TP at 1.28
by MarcellusLUX
7
GBPUSD BUY Long Position To Reach 1.28000In this trading analysis, we're keeping a close eye on the GBPUSD pair as it shows promising signs for a bullish move ahead. Our technical analysis suggests a favorable setup for a long position, with a target set at the 1.28000 level. Key Points: GBPUSD has displayed recent strength, indicating potential for an upward trajectory. Technical indicators align with the bullish scenario, enhancing the probability of a successful trade. Our target is set at 1.28000, where we anticipate a potential price reversal or consolidation. Remember, trading involves inherent risks and it's crucial to conduct your thorough analysis and risk management before executing any trades. Stay updated with real-time market movements and adjust your strategy as needed. Happy trading!
Long
by shafisana
GBPUSD - Short after filling the imbalance 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 want price to continue the retracement to fill the imbalance higher and then to reject from institutional big figure 1.27000. Fundamental analysis: On Friday, we have news, will be released NFP and Unemployment Rate on USD, one of the most important news. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD