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British Pound vs US Dollar

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GBPUSD.P trade ideas

Gbpusd signal GBP/USD offers its recent gains registered in the previous session, trading around 1.2940 during the Asian hours on Wednesday. The pair depreciates as the US Dollar gains momentum on strengthening Trump trades as the voting favored Republican candidate Donald Trump in the US presidential election The Relative Strength Index (RSI) indicator on the 4-hour chart holds above 50 but GBP/USD is yet to flip the 100-day Simple Moving Average (SMA), currently located at 1.2980, into support, suggesting that buyers remain hesitant.
Short
by JohnHarry_7
Bullish bounce?GBP/USD is falling towards the support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.2865 Why we like it: There is an overlap support level. Stop loss: 1.2803 Why we like it: There is an overlap support level that is slightly above the 127.2% Fibonacci extension. Take profit: 1.2936 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
GBP / USDKey Characteristics of GBP/USD: Volatility: GBP/USD is known for its relatively high volatility compared to other major currency pairs, influenced by both U.K. and U.S. economic and political events. Economic Sensitivity: The pair reacts to a variety of economic data, including interest rate decisions by the Bank of England (BoE) and the U.S. Federal Reserve, GDP growth, inflation rates, employment data, and trade balances. Sensitivity to Political Events: Political changes in the U.K. and U.S., such as elections or Brexit developments, have historically impacted this pair significantly, often leading to sharp price movements. Market Liquidity: GBP/USD is highly liquid but may see wider spreads during times of economic uncertainty, especially around major events or announcements.
by ChartsWithAI
GBPUSD 4H longThis setup was not interesting for me last week but this week it is. The trend reached a weak and small demand zone so that's not interesting. But given all the price action for the last 2 weeks arround this level it makes it a stronger support level. Especially the strong bear candle so people ( including me ) think this will go bearish. Then suddenly it goes bullish, this is how allot of people loose money and that is what "they" need to move the markets. Entry trigger was because the price was bought up above the "weak" support line. Then we see some small indecision candles and after that another medium strong bull candle. That is a bullish sign for me so I entered :) There is off course US elections so high impact news but I will take that risk. The setup looks solid.
Long
by FX-Diaries
GBP/USDFull Analysis of the GBP/USD Pair 1. Ascending Trend Line on the Daily Time Frame The ascending trend line on the daily time frame shows a clear positive trend. This line is a strong indicator of upward momentum, reinforcing confidence in the possibility of the trend continuing. 2. Strong Demand Areas Strong demand areas have been identified on the chart, representing potential buying zones. If the price bounces from these areas, we may witness strong buying pressure that supports the upward movement. 3. Appearance of a Harmonic Pattern The presence of a harmonic pattern supports the upward movement and indicates good buyin opportunities. 4. Overbought Conditions in RSI and MACD The overbought conditions in the RSI and MACD suggest a potential reversal. If the RSI is near the 30 level (oversold) and the MACD shows divergence, this may be a signal to look for buying opportunities. Summary Based on the analysis mentioned, it is recommended to look for buying opportunities at the specified support levels. 📈✨ It is always important to set clear stop-loss points and manage risk carefully to ensure capital protection. 🚀💰
Long
by ShakerTrading
GBPUSD - INTRADAY IDEAThis GBPUSD chart is according to the M30 timeframe - STOPLOSS ABOVE SWING HIGH AND TILL SWING LOW Execute the price at the exact price mentioned, NO FOMO. 💡KEEP IN MIND💡 I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market. 🚀Follow, I will drop daily 2-5 Intraday Charts🚀 Execute the price at the exact price mentioned, NO FOMO. 💡KEEP IN MIND💡 I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market. 🚀Follow, I will drop daily 2-5 Intraday Charts🚀
Short
by abdulmoizboy
GU could be getting ready to Reverse!Now that we are in a new month AND its election week next week the market could get very volatile. Dollar has been moving bearish all week and most are still expecting it to move bullish. I'm thinking its more likely to turn bullish for a little while. Leaving the Election news to give it the bullish push it needs to start pushing back up. This could lead to some significant moves in the market. We just have to remain ready! Yall Lock in and follow me you Youtube #NOFOMO is the channel! www.youtube.com
Long
by DWoodz
1.2979 USD, traders with an aggressive trading strategy 1.2979 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.2873 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.2810 USD as an objective. Crossing it would then enable sellers to target 1.2681 USD. If the resistance 1.2979 USD were to be broken this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Short
by stephenstradingacademy
GBPUSD with two probabilities for 11/1/2024This is my idea Nbr 22 after 20 ✅️ GBPUSD with a high probability to make the decision for 11/1/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
Short
by Abderrahmane_24
GBP/USD: High-Probability Strategies Based on Classic Reversal We're looking at an interesting technical setup on the GBP/USD daily chart, where a Head and Shoulders (H&S) pattern has formed, signaling a potential trend reversal from bullish to bearish. Here’s a breakdown of the context and two trade strategies based on this pattern and key levels. Trend and Context Analysis The Head and Shoulders (H&S) pattern suggests a possible bearish reversal, particularly after the formation of the right shoulder. There’s an ascending channel marked by yellow dotted lines, which represents a long-term dynamic resistance level. The 50 and 200 moving averages are positioned to act as potential support and resistance levels, while the TDIGM indicator is helping us spot momentum highs and lows, providing additional context for price movement strength. Strategies 1. Sell on Neckline Break Confirmation of the H&S Pattern Rationale: A break of the neckline in an H&S pattern typically provides a strong sell signal. This setup is often a reliable trend reversal indicator, and a confirmed break would likely lead to a sharp decline in GBP/USD. Risk-Reward: .Stop above the right shoulder; target before the harmonic pattern’s point C for a favorable risk-reward ratio. The probability of success is high if the neckline break confirms, as H&S patterns often lead to significant moves. .Entry: Sell at 1.2910 after confirming the neckline break. .Stop Loss: 1.3070 (above the right shoulder). .Take Profit: 1.2400 (just above the harmonic pattern’s point D). .Risk-Reward Ratio: 1:3. 2. Buy at Lower Channel Line Support Rationale: If the price doesn’t break the neckline and instead dips to the ascending channel's lower boundary, a buy setup may be considered. This lower channel line has historically acted as solid support, providing a controlled-risk entry point. Risk-Reward: Place the stop below the channel, and aim for the upper channel line as the target. This strategy is more conservative, given the overall bearish H&S structure. .Entry: Buy after a confirmed rejection of the H&S pattern and confirmation that price respects the ascending channel. .Stop Loss: 1.2810 (below the nearest resistance). .Take Profit: Between the left shoulder and head of the H&S pattern. .Risk-Reward Ratio: 1:2+. Final Thoughts These strategies leverage both the reversal patterns and dynamic supports, as well as indicator signals. For each strategy, it’s recommended to monitor key support and resistance zones closely and confirm breakouts on lower timeframes before entering. Price action is key .
Short
by MrVNpt