Get started

Gbpusdtrade

GBPUSD END-WEEK ANALYSIS-UPDATE 24/09/2023GBP/USD: Navigating Forex's Ebb and Flow - A Close Eye on DXY GBP/USD has been a rollercoaster lately, with our earlier anticipation of a recovery proving accurate. Yet, in the ever-changing forex landscape, we must prepare for the next chapter. Now, I'm keeping a watchful eye on a potential downturn for GBP/USD, in response to a stronger US dollar. A crucial note: this scenario hinges on the DXY maintaining its price above 105.864. Join me in this forex adventure as we navigate market fluctuations. Stay tuned for the upcoming developments! 📉📈 #GBPUSDAnalysis #MarketDynamics #TradingView
Short
by Dion-FX
GBPUSD Technical Analaysis and Trade IdeaThe GBPUSD has exhibited a notable shift in behavior compared to the downtrend last week. We observed some upward momentum from Friday into Today. The critical question at hand is whether this signals the onset of a bullish or bearish week ahead. Most recently, the cable has leaned towards a bearish bias; however, there may be room for an early-week retracement, potentially resulting in a green weekly candle. Conversely, there is a plausible argument for a bearish week ahead. In our video analysis, we will meticulously evaluate the pros and cons, carefully weighing all factors to formulate a potential trade entry strategy, possibly during the New York Open today or even the London open tomorrow. It's important to emphasize that the content of this video is provided for informational purposes only and should not be interpreted as financial advice.
by fxtraderanthony
2
Is there any hope for buyers in GBP/USD? (Key levels, entry, TP)Hello everyone, GBP/USD is on a continuous downtrend after hitting the highs on July 14. Since then, we have witnessed more than 70 days of downtrend. 📌Currently price is in the vicinity of 1.2120 Level. More than 75% of the retail traders are long on GBP/USD, which indicates that it could take a while before price reverses. 📌 The next key level lies in 1.18 . However, as per my analysis and intuition, price would pullback soon. 📌So, my recommendation is to wait for a reversal pattern to form in the hourly and 4Hour chart. Ideally, I would be looking for a reversal pattern followed by strong bullish impulse before going long. I expect price to reach 1.25 level within a couple of weeks.
by MarcellusLUX
9
GBPUSD Technical Analysis and Trade IdeaDelving into the GBPUSD currency pair's analysis, we observe a significant development: it has reached a crucial support level after experiencing a substantial bearish trend. At this juncture, it becomes apparent that the price is stretched, potentially signaling an impending retracement. As always, the video accompanying this description offers a comprehensive exploration of key factors, including price action, market structure, and various critical aspects of technical analysis. It is imperative to stress that the information shared in this content is exclusively for educational purposes. It should not, under any circumstances, be construed as financial advice. Therefore, it remains paramount to exercise diligent risk management strategies when participating in trading activities.
Short
by fxtraderanthony
4
BOE rate event in a couple of hours, GBP/USD traders take noteHello everyone! With BOE rate event happening in a couple of hours, we could see some whipsaw moves in GBP/USD. Here are some key takeaways that will help you trade GBP/USD over the next few days 📌Around74% of the retail clients are net long which means institutions would ideally want to take the price lower. 📌A lot of liquidity is up for grabs below the 1.23 level where most of the retail Stop Losses are. 📌I do not recommend opening any positions now. However, if price rapidly drops near the 1.22 level following the BOE rate event, traders can consider taking a buy trade with prop risk management. 📌Over the course of the next few weeks, price could make a recovery to 1.26 or 1.27.
by MarcellusLUX
11
GBPUSD Technical Analysis and Trade IdeaIn this video, we undertake a comprehensive analysis of the GBP/USD currency pair, along with a discussion on a potential trading opportunity. Recent market dynamics have exerted substantial downward pressure on the GBP/USD, resulting in a notable decline leading up to the London open. Nevertheless, an intriguing prospect may be emerging as the price appears poised for a reversion to equilibrium before the New York Open.
Short
by fxtraderanthony
1
GBP/USD Trade Plan(Entry, SL and TP), time for pullback?Hello traders! GBP/USD is in a downtrend for more than two months now. However, that could change very soon. With FOMC coming up in a few hours, a trend change could be on the cards for GBP/USD and other USD pairs. 📌1.2310-1.2325 is the area that I would be looking at for potential reversals. 📌If the level holds and we can see some bullish impulsive candles forming at this level, we can consider buy trades. 📌 A buy entry in GBP/USD @1.2310-1/2325 with SL below 1.2260 and initial TP at 1.2610 would be my potential trade if GBP/USD doesn't break the 1.2310 key level.
by MarcellusLUX
3