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Gbpusdtrade

GBP/USD rally showing signs of exhaustion, time to sell?GBP/USD has rallied strongly over the last 2-3 weeks. However, the rally is now showing signs of exhaustion. 1.2530 has proved to be a strong ceiling so far. Although the dynamic support level in the 4Hour chart has offered some support. A strong break below the 1.24 level indicated by a big bearish candlestick would imply that the trend has reversed and the downtrend would continue. I would recommend traders to sell GBPUSD if we can see strong bearish price action below 1.24. On the other hand, if price spikes to 1.2540, that would be a good opportunity to sell as well.
by YourLazyTrader
1
GBPUSD Pre News Tomorrow AMHey Traders, Pre Claimant Count Tomorrow we can look for short zones on further impulse moves. We are looking for news to aid us in our quest for volatility not as a mechanism for guessing where volatility will take price. This comes Circa 1.266 area as we move to KEY MAs and previous PA zones. Do not be one of those traders who believes that price cannot go higher.. It always can and it will. Any longs need a further fall 1.22 Trade small and wait for market reaction.
by WillSebastian
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