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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD : First Short, then LONG! (READ THE CAPTION)Analyzing the GBP/USD chart on the daily timeframe, we can observe that the price is experiencing a significant decline. I anticipate that this heavy drop will likely pause, at least temporarily, upon reaching the demand zone between 1.267 and 1.2735. This is a key area of interest, and I expect a potential return of 50 to 200 pips from this level. This analysis will be updated as necessary. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
33
GBPUSD sell So i am currently looking forward to catch a sell Continuation on this current bearish setup just right above price. The confluences for the sell are- 1) Market Structure-BoS 2) Supply 3) Imbalance 4) Liquidity So if price is able to successfully retrace back to the supply zone above,I’ll head down to the lower timeframe as from 15mins-3mins to look for my confirmation entry structure which is a ChoCh. If it emerges successfully I’ll look for a valid POI made up on the ChoCh structure of either Supply,imbalance and liquidity or only supply and imbalance and place my entry on it. To target a RR of 1:3rr as profit target. Note the market is all probability which also makes my analysis a probability.
Short
by MeekBosslife
2
+100/+150 pips GBPUSD H11 short/long trade plan🔸Hello traders, let's review the 1hour chart for GBPUSD today. Solid bounce off the lows in progress, however overhead resistance will cap any immediate upside. 🔸Key levels for GBPUSD traders: 2625 s/r bulls, 2735 s/r bears, 2775 mirror s/r bears level will get re-tested by the bulls for liquidity. 🔸Recommended strategy for GBPUSD traders: the sequence is short / long so you want to short high off the s/r bears at 2735 SL 40 TP 2625 pips, this is the W reversal play / re-test of the mirror s/r bulls at 2625 then flip lonjg at/near 2625+-10 pips SL 40 pips TP1 +75 TP2 +150 pips final exit bulls at mirror s/r at 2775. this is a swing trade setup, patience required. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
6
GBP/USD Resumes Bearish Trend - UPDATEGBP/USD Resumes Bearish Trend - UPDATE After GBP/USD was holding strong for days GBPUSD looks like can move down today after Employment Change (3M) (Sep) 219K actual vs 373K previous ILO Unemployment Rate (3M) (Sep) 4.3% actual vs 4% previous Claimant Count Change (Oct) 26.7K actual vs 30.5K expected Average Earnings Excluding Bonus (3Mo/Yr) (Sep) 4.8% vs 4.7% expected and 4.9% the previous month So in general we have mixed data. Not good not bad but overall GBP is showing a bearish trend that can accelerate further these days. GBPUSD is also impacted by Trump's victory and the decisions he could take related to the US Economy You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
8
DeGRAM | GBPUSD rebound in the channelGBPUSD is moving in a descending channel between the trend lines. The chart maintains a descending structure, but after reaching the lower boundary of the channel, it formed a harmonic pattern. The price has already consolidated above the dynamic support, which has already acted as a rebound point. We expect a continuation of the rebound into the channel ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
3
Buy opportunityPotential Trade Setup: Long Position: The analysis suggests a buying opportunity based on the price bouncing off a key support zone (1.2627). Entry: Around the current price level of 1.2627. Stop Loss: Placed below the support at 1.2551 to account for a potential breakdown. Take Profit: Targeting 1.2988, which offers a 2.87% upside from the current level. Risk-Reward Ratio: The trade setup seems favorable, with a good balance between potential profit and acceptable risk. Analysis Breakdown: Current Price Action: The GBP/USD pair is trading at around 1.2627, with a recent dip suggesting a potential reversal or bounce from this level. Volume Profile: The volume profile shows significant activity at lower price levels, indicating high interest and potential support around the current area (1.2608 to 1.2627). Support and Resistance Levels: Support: The nearest support level is at 1.2608, where the price seems to be finding some stability. Resistance: Key resistance levels are marked at 1.2736, 1.2844, and 1.2947. Take Profit Level: The target is set at 1.2988, which aligns with a previous resistance zone. Squeeze Momentum Indicator: The Squeeze Momentum Indicator currently shows a bearish trend with red histogram bars. However, there are signs of potential weakening in the bearish momentum, suggesting a possible reversal.
Long
by GODOCM
1