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Gbpusdtrade

GBPUSD pulls back from the highs, uptrend to continue?Hello, traders in my previous GBPUSD idea last week(previous idea attached below), I predicted that GBPUSD would continue the uptrend from 1.2350 and only 1.2520 would offer some resistance. As you can see, price moved exactly as I predicted. Currently, GBPUSD is finding some support at 1.2350 level. Price is also hovering around the dynamic support in the 4H chart. Keep in mind that 1.2350 is the key level. A break of this level would see GBP/USD fall further towards 1.22. However, the key level has not broken yet. So, we can consider long entries as long as price stays above 1.2350.
by YourLazyTrader
2
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the resistance level above the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2536 LEVEL. After that, you can SELL at 1.2099 LEVEL. So go to GBPUSD SELL ENTRIES.
by benny_marshall
GBPUSD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement to take sell stop liquidty and to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.23000. Fundamental analysis: We have news events on GBP on Wednesday 19th of April, will be released CPI. Pay attention to the results in order to validate the analysis Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPUSD POTENTIAL SHORT FORMATION IN PROGRESSWe have been looking at this pair since the end of Feb. We have been waiting for the price to form a strong bullish pullback. This is opposite to the overall bigger time frame trend, which remains largely bearish. How the price is currently setup has given us the potential to trade in the direction of the bigger time frame bearish trend which will give us a good risk reward trading opportunity. We have listed two reasons for the potential end of the bullish bull back below: 1: Trendline breakout 2: Rising wedge breakout. We are still waiting for two more reasons below to form before we can start looking for entries. These reasons have been listed below: 1:Break out of the key level which signals a change from bullish to bearish market structure. 2: Retest of key level.
Short
by NDOBObanks
GBPUSD: Investors!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ Apart from the unforeseen increase in mortgage transactions, investors must also anticipate a continuous escalation in inflation. Such updates compel the Bank of England to adopt stricter monetary regulations, which bodes well for the British Pound, given that the interest rates and bond yields in the UK are lower compared to those in the US. Note: Full TP, SL for winning the market and safe trading!
Long
by Sphyn-Trader
1
GBPUSD: The Bears' Chance!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ The UK economy is facing various challenges such as strikes, unresolved Brexit issues, low productivity, and pessimistic forecasts from the International Monetary Fund, which are all valid reasons for concern. The Bank of England has recently confirmed this gloomy outlook, which is a significant endorsement of the situation. As a result, the Pound is likely to remain weak against all currencies for an extended period. Note: Full TP, SL for winning the market and safe trading!
Short
by Sphyn-Trader
GBPUSD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.23000. Fundamental analysis: As per last week results on NFP & Unemployment we can see a strength of USD which can support the retracement.Also, we have news events on USD on Wednesday 12th of April, will be released monthly and yearly CPI followed by a FOMC Meeting the same day. As well, on Thursday will be released monthly PPI in USA and monthly GDP in Great Britain which is forecasted to be lower than previous month, this can also support our retracement, as lower GDP means weakness of currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD