GBPUSD I Detailed Trading Plan & How to ExecuteWelcome 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.
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Gbpusdsignal
GBPUSD END-WEEK ANALYSIS 2 UPDATE 08/10/2023📈🌟 GBP/USD Market Analysis: A Potential Shift in Sentiment
GBP/USD has exhibited a bearish trend in recent times. However, an interesting development to note is the shift in the US Dollar Index (DXY). The DXY broke its previous structure to the downside and re-entered a range dating back to August 30, 2023. This change could impact GBP/USD sentiment. Be on the lookout for potential retracement or trend reversal opportunities in the coming sessions. Stay adaptable and prioritize risk management. 📉📊 #GBPUSD #Forex #TradingView #MarketAnalysis
Same for AUDUSD and NZDUSD
GBPUSD M30 / RETRACEMENT CONFIRMED / LONG TRADE ACTIVATED✅Hello Traders!
As you can see, we have a confirmation of the retracement from the level marked in the previous analysis. Congrats to those who executed the trade!
Wish you a nice weekend!
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💡 GBPUSD: Forecast January 11GBPUSD increased slightly in the previous session and is cautiously heading towards the peak of 1.28. Although the buyers have not yet shown dominance again, the prolonged accumulation price range in a main uptrend is a good sign for bullish bets. Brothers continue to hold existing long positions, targeting around 1.30 and SL below 1.26.
GbpUsd- Rise above 1.3? Nice 1:3.5 R:R trade spottedIn early October, FX:GBPUSD bottomed out in the 1.2 zone and entered a consolidation phase that persisted throughout the month. November marked a positive shift as the pair embarked on a robust uptrend, driving it approximately 800 pips higher.
Come December, the pair transitioned into another consolidation phase, establishing a clear support base at 1.26 and a resistance ceiling around the 1.28 zone. Recent price movements indicate the potential for a breakout, hinting at a prospective rise beyond the significant psychological figure of 1.3.
In the medium term, my target is set at the 1.3150 zone, aligning with the vicinity of the recent high resistance level.
GBPUSD | Perspective for the new week | Follow-upThe Pound Sterling (GBP) has surged against the US Dollar even in the face of all components of the United States Nonfarm Payrolls data for December surpassing expectations, indicating improved market risk appetite. However, the GBP's strong position may not last as investors anticipate tough decisions for Bank of England (BoE) policymakers, who are facing recession risks and high inflation.
The UK economy is at risk of entering a technical recession, with a contraction in the third quarter and a projected stagnant performance in the final quarter. The manufacturing sector is also struggling due to high interest rates. As a result, the outlook for the GBP/USD pair has dimmed, as US employment indicators may influence the Federal Reserve's (Fed) interest rate guidance.
In this video, we'll delve into the strategic positioning we're considering to navigate the uncertainties and potential shifts in the GBP/USD pair. Join the discussion as we analyze the factors shaping the currency pair's trajectory in the near term.
GBPUSD Technical Analysis:
Will the pound continue its trajectory and sustain its momentum above the $1.27200 zone? The stakes are high, and we're on the edge of our seats!
The spotlight is on high-impact economic events from the US docket 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.
We are keeping a close eye on the potential range between $1.26150 and $1.28200 where a breakdown or breakdown could incite the next BIG move. It's a decisive structure where both sellers and buyers will be 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 Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
GBP/USD: Forecasting the Week Ahead GBP/USD: Forecasting the Week Ahead
Following the latest US Consumer Price Index (CPI) data, keeping a close watch on upcoming public addresses from Federal Reserve officials is crucial for insights into the direction of the US dollar.
Given recent developments, traders shouldn't be surprised if central bank communication takes a more hawkish stance, signaling reluctance to cut interest rates despite Wall Street's anticipation of approximately 135 basis points of easing this year. Such a scenario could be favorable for yields and the US dollar.
Richmond Fed President Thomas Barkin, addressing the inflation data shortly after its release, emphasized that December's inflation figures didn't provide clarity for Federal Reserve officials considering potential rate cuts this year.
Next on the agenda is Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, scheduled to speak on Friday morning.
Looking ahead to next week, the GBP/USD pair may attract attention with UK inflation data on Wednesday. Despite weakening on Thursday, the GBP/USD held above channel support at around 1.2675. A failure to defend this technical support level might lead to a probe towards 1.2600, with further declines potentially exposing the 200-day simple moving average. If the cable strengthens and breaks above resistance at 1.2760, favorable conditions could set the stage for an ascent toward December's highs above the 1.2826 level. Achieving this target might pave the way for a rally toward 1.3000.
GBPUSD M15 / LOOKING FOR LONG POSITION ENTRY 📈Hello Traders!
This is my idea related to GBPUSD M15. We can see an ascendant trend on H1 and at this moment I will look only for long entries. It is very possible to see a retracement from the price of 1.27200 where we have OB and at the same level, FVG will be closed.
If confirmed, I will execute this trade, taking into consideration the weakness of DXY.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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DeGRAM | GBPUSD trend continuationGBPUSD is in a bullish trend and ascending channel.
The price bounced off the psychological support level of 1.27000.
The market is creating a bullish engulfing bar, indicating bullish dominance.
We expect a continuation of the trend, potentially retesting the resistance.
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Hourly chart update for GBP/USD, pullback to 1.2690 possibleHello traders and the entire Tradingview Community! I am presenting a
hourly chart analysis for GBP/USD.
As you can see from the chart, price is struggling to break the 1.2760 supply
level. So, if this continues, there might be a small pullback in GBP/USD.
The price may fall another 30-40 pips towards 1.2690. However, I have no
open sell positions in GBP/USD as my plan is to buy the dips . I will update
this idea when I have an entry.
💡 GBPUSD: Continuing upward momentumThe buyers have successfully defended the resistance level of 1.2600 and are coming back strongly. It can be seen that although they could not create a higher peak before, the failure of the sellers to create a lower low shows that the buyers are still market control. Those who still have a long position can continue to hold the order, the target is still around 1.3000 and the SL is still set below 1.2600.
GBPUSD 4H : Try to drop GBPUSD
New forecast
The British pound against the dollar pair ended last Friday's trading at the level of 1.2727, and is starting to provide slight negative trading now, indicating a move to resume the expected downward trend in the intraday term, waiting to visit the 1.2604 level as the next main target.and extend to 1.2534
Therefore, we will continue to favor the downward trend for the coming period, provided it remains below 1.2727.
The expect range trading for today it will be between the resistance line 1.2788 and support line 1.2534.
resistance line : 1.2727 , 1.2788
support line : 1.2604 , 1.2508
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GBPUSD H2 / STRATEGY RESPECTED, LONG TRADE ACTIVE ✅Hello Traders!
As you can see, GBPUSD reacted from FVG, and now I expect an increase until the price of 1.28100.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GBPUSD: Morgan Stanley changes US dollar forecast to neutral amiMorgan Stanley updated its outlook for the U.S. dollar, switching to a neutral stance, sharply departing from its previous forecast for an 8% rise in the dollar spot index in the fourth quarter. Two this year. This adjustment was made in response to the Fed's recent dovish stance and the resulting decline in US Treasury yields.
The bank's dollar spot index fell just 0.2%, prompting a reassessment of its currency strategy. Given the changing economic situation, Morgan Stanley strategists are now advising clients to avoid short positions in the Eurodollar. Instead, it recommends shorting the euro against the yen to protect against currency fluctuations that may occur in the current market environment. This guide highlights strategic turning points in foreign exchange trading, in line with the latest economic indicators and central bank policy directions.
A SELL TRADE SETUP ON GBPUSDHey Traders,
Check this analysis out on GBPUSD.
I have couple of plans on POUND and i am looking forward to sell trade plan since the pair has successfully break below the previous support structure.
I will take an alternative entry if that play out also,
Keep a close tab on this.
#gbpusd #pound
GBPUSD: The USD stabilized awaiting the minutes of the Fed's DecThe dollar hovered near a two-week high in early European trading on Wednesday ahead of the release of the Federal Reserve's December meeting minutes.
At 4:10 p.m. ET, the U.S. dollar index, which tracks the greenback against a basket of six other currencies, was trading 0.1% higher at 101.959, after gaining just under 1% on Tuesday. This was a personal high. performance of the day. From March 2023.
The dollar has rebounded to start the year, helped by rising U.S. Treasury yields, with the benchmark 10-year Treasury yield hitting its highest level in more than two weeks in early trading.
Risk aversion pushed the S&P 500 and Nasdaq Composite Index to their first trade of 2024 as investors worried that the minutes of the Federal Reserve's December meeting, scheduled to be released next Wednesday, might not be as dovish as previously expected. We finished in the red. "The market is abandoning some dovish bets, questioning inflated stock valuations, and ultimately turning to defensive bets in the foreign exchange market," ING analysts said.
💡 GBPUSD: Forecast January 2GBPUSD did not fluctuate much in the past session, the price is still having difficulty creating a higher peak to confirm the continuation of the rising price channel, the double top reversal pattern is also starting to form, it will be Confirmed when the support level 1.26 is broken, then you need to abandon the strategy of buying up according to the current price uptrend.
💡 GBPUSD: Forecast January 3GBPUSD continued to fall sharply in the past session, it broke the lower border of the rising price channel and approached the important support zone of 1.26. This is considered the last stop for the buyers because if it is broken, the double top reversal pattern will be confirmed and the bullish structure will also be broken, then it is likely that the price will extend its downward momentum to 1.24. If you still have a buying position, you should consider exiting early or placing SL below this 1.26 level.
DeGRAM | GBPUSD in consolidation zoneGBPUSD is basically in a consolidation zone. It's bouncing between the support and resistance levels.
Price action has previously rebounded from this 1.27500 level.
The market broke and closed below the psychological level at 1.28000, creating the false breakout.
We expect a retest of the lower boundery of the consolidation zone.
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GBPUSD → Falling From Resistance! Should We Long or Short??GBPUSD touched the Resistance Zone and fell into the 30EMA ribbon, putting a slight pause on the fall. Will the price fall further or are we about to make contact with the Resistance Zone again?
How do we trade this? 🤔
I do not believe a short is reasonable here because we don't have enough bear strength on the chart. Wait for another rejection at Resistance or wait for the price to fall and find support to enter a long. There are two potential long entries, at the Support Zone around 1.21150 and above the current Resistance Zone around 1.29. Both zones need to establish support and show confirmation to justify a long entry. This includes a bull signal bar closing on or near its high followed by a strong bull candle closing on or near its high.
Until then, it's best to wait on the sidelines for a better opportunity!
💡 Trade Ideas 💡
Long Entry: 1.21150
🟥 Stop Loss: 1.18650
✅ Take Profit: 1.26150
⚖️ Risk/Reward Ratio: 1:2
Long Entry: 1.29000
🟥 Stop Loss: 1.26450
✅ Take Profit: 1.34100
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Trading Range after Bull Run, Bias to Long.
2. Macro Trend is Bearish, Use Caution at Weekly 200EMA.
3. If in Short Position, hold until Support Zone.
4. If not in a Position, Wait until Support to Long.
5. RSI near 53.00 under Moving Average, Bias to Short.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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