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British Pound vs US Dollar

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GBPUSD.P trade ideas

GBPUSD H4 I Bearish reversal Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2943, which is overlap support close to 127.2% Fibo extension Our take profit will be at 1.3032, an overlap resistance. The stop loss will be placed at 1.2885, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
GBPUSD Elliott Wave Double Three Correction in ProgressAfter forming the low on September 26, 2022 low, GBPUSD shows an incomplete higher high bullish sequence. This suggests the right side is higher and dips therefore should see support in 3, 7, or 11 swing. The pair is currently correcting cycle from 10.4.2023 low. Internal subdivision of the correction is unfolding as a double three Elliott Wave structure. Down from September 26, 2024 peak, wave W ended at 1.3089 and wave X ended at 1.3175 as 1 hour chart below shows. Pair has resumed lower in wave Y with internal subdivision as a double three in lesser degree. Down from wave X, wave (a) ended at 1.3019. Wave (b) rally ended at 1.31 and wave (c) lower ended at 1.297. This completed wave ((w)) in higher degree. Bounce in wave ((x)) ended at 1.307 with internal subdivision as zigzag. Up from wave ((w)), wave (a) ended at 1.302 and wave (b) ended at 1.297. Wave (c) higher ended at 1.307 which completed wave ((x)). Pair has resumed lower in wave ((y)). Near term, as far as pivot at 1.3175 stays intact, pair has scope to see further downside. Potential support below is at 100% – 161.8% Fibonacci extension of wave W. This area comes at 1.262 – 1.283.
by Elliottwave-Forecast
Cautious of a retracement in GBPUSD & EURUSD as DXY is stretchedLooking forward over the next few days, I remain open to the idea of a rally across USD pairs, cleaning out some liquidity above the easy highs. Chasing these lows now would be considered low probability as we find some key support in and around 1.3000 and just below. Trade with cautious at these lows. Swing positions will develop from higher up If this rally in DXY is to be sustained. Market sentiment can change with each data release. For more free ideas check out our weekly newsletter linked in our bio.
Long
by CIFERSTRATEGIES
GBPUSDTHIS ANALYSIS FOR "GBPUSD" ON MULTIPLE TIME FRAME. 💎 GBPUSD FOR NEW WEEK! As we can see now price already make a BUY Structure which is price already breakout Trendline. So what you need to do is just wait price comeback into BUY zone then we entry buy. You can set your SL 30 - 35 Pips with your own risk. My target is 150 - 300 Pips for this mapping. I will updated new mapping time to time if price make new structure. Goodluck !!! If you want more update on GBPUSD. Kindly follow and like. Feel free to comment my outlook and share with your friends. Thanks!
Long
by ShahrulMokhtar_SAM
GBPUSD 4.55:1 ShortThe 1h chart is in a down trend with new LLs being formed. The trade is more of a "risky" trade as I am expecting price to pull up to the 10m entry zone above and explained in a previous post. Why am I taking this trade if it is "risky"? If this trade does lose then the second entry that I have talked about previously is now almost a 10:1 trade and so will cover the loss. GBPUSD is in quite an aggressive downtrend on the higher timeframes and so I view the risk to reward as favourable. The entry is at the 1h down trend extreme.
Short
by DrRoach2
GBP/USD: Three Drives and Butterfly Patterns in PlayGood day Traders, Trust you are doing great. Here is my brief analysis of the GBPUSD pair. Last week, a bullish Three Drives pattern was identified on GBP/USD, completing on October 17th. Following the pattern's completion, the market experienced a brief impulsive move to the upside before retracing back to the support zone. Currently, the market is testing this support level, and a sustained move higher could follow, further validating the typical characteristics of this pattern, often found at the end of a trend or correction. If the support holds, we anticipate a move toward the 1.31026 price region. Additionally, a potential Butterfly pattern appears to be emerging, with its completion also expected around the 1.3146 level. This outlook will be invalidated if the price moves further down and breaks below the 1.29565 level. Cheers and happy trading!!!
Long
by Samuel124
GBPUSD SELL | Idea Trading AnalysisGBPJPY s moving to the upper boundary of the descending channel. The volatility of the movement has decreased. The price has reached the resistance level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
1
GBP/USD Weekly Neutral/Bullish Outlook (21.10 - 25.10)Happy Monday traders :) On Monday, I observed that the Tokyo (Asian session) failed to take out previous day's high and failed to fill in a daily FVG on EU, leaving a lot of sell-side liquidity yet to be taken .. The buyside liquidity I marked was taken out during the American session. For the following week, I expect a continuation/doji on Tuesday, followed by a reversal on Wednesday, taking out the Draw on Liquidity (DOL) marked, for a liquidity grab, to continue higher. However, if buying pressure is not strong enough , we may continue lower. (This is expected fundamentally due to the conflicts happening, which strengthens the USD.) Ideally, I want to see price go for a grab as mentioned, then rally to my DOL mentioned at the start. From there I would want to look for shorts. However, once again, due to fundamentals, if buying pressure is not strong , we may continue lower.
by bobphamm
GBPUSD Trading Opportunity! BUY! My dear friends, My technical analysis for GBPUSD is below: The market is trading on 1.3000 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.3029 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1