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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD - H1 - Broadening Wedge The GBP/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Broadening Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.2532, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2442 2nd Support – 1.2375 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
5
GBPUSD (H1) Analysis: Gearing Up for a Bullish ShiftGood day Traders, Trust you are doing great. Below is my analysis of GBPUSD. Trend & Sentiment GBPUSD, currently trading at 1.26666, shows signs of a potential bullish reversal. After failing to break the recent low at 1.25966, the pair has started forming higher highs and higher lows, signaling a shift in market dynamics. A clear inverted head-and-shoulders pattern has emerged, strengthening the case for an end to the bearish trend and a possible move to the upside. Key Levels Resistance: 1.26952, 1.27561 Support: 1.26342 Possible Direction Bullish movement The first target is 1.26847, as long as the price holds above the key support at 1.26342. Price may face resistance at 1.26952, but strong buying momentum could drive it toward 1.27504 and further to 1.27800, completing trade objectives. Reversal Risk A break below the support at 1.26342 could invalidate the bullish scenario, leading to a potential decline toward 1.25732, where a stronger reversal might form later. Conclusion The outlook is bullish, with targets at 1.26847 (short-term), 1.27504 (medium-term), and 1.28161 (long-term). A sustained break above resistance levels would confirm the reversal, while a drop below 1.26342 would delay bullish momentum. I would appreciate your thoughts. Cheers and happy trading!
Long
by Samuel124
4
GBPUSDHello Traders! 👋 What are your thoughts on GBPUSD? In the GBPUSD chart, it is observed that after breaking the support zone, the price is currently in a correction phase and pulling back towards the broken zone. Considering the price structure and the descending trendline, it is expected that after reaching the identified resistance area, the price will resume its downward movement and target lower levels. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
2
DeGRAM | GBPUSD testing correction levelsGBPUSD is under the trend lines in a descending channel. The chart formed a harmonic pattern and returned to the descending channel. The price is still testing several important levels, but is still above the support, which has already acted as a rebound point. Volumes indicate that the return to the channel occurred with a decrease in market interest, and RSI indicates oversold. We expect a reversal after the pair consolidates above the upper boundary of the channel. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
3
+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
a clear vision why i take trade that i might lossSo let's talk. So basically, I believe if you know the price going own or up you can follow it. But to mark it you need a high and low. Just like that but the hard part is to find the high and low. o if you find a higher time frame high or low. You can see the market going up or down. I find the higher time frame high I suppose and by finding it I can find the market direction. But I am not talking about an entry in the HTF. So I am taking ltf entry ( not verification). In every impulse move of HTF, there is a lower time frame trend. So I am trading the LTF trend. in this case a downtrend. But the trick part is, if I fail the LTF entry I will short based on the HTF downtrend. So you can see the marking is all LTF. Enjoy my 50:50 trade were I didn't verify the LTF entry using a 3 or 1 minute time frame.
Short
by rufaidem
1
GBP/USD "Trump Comeback Could Drive Dollar Strength"FOREXCOM:GBPUSD Analysis – What’s Coming Next & How Trump Could Affect the Dollar Right now, FOREXCOM:GBPUSD is hanging around 1.25000, and we’re expecting a bit of a pullback from here. But there’s more going on—Trump’s possible return to office could have a big impact on the U.S. dollar and how the pair moves in the future. Pullback from 1.25000 – Headed to 1.27000 The market is at a key spot around 1.25000, which has been a point where price often stalls. So, a pullback from here is pretty likely. After that, we could see the price rise to 1.27000 before it drops again. This is a good spot to catch a short-term bounce. Target: 1.22000 Once we hit 1.27000, expect the price to start heading lower towards 1.22000. This is a big support level, so we might see some back-and-forth here. If it breaks 1.22000, though, we could see the price drop further. Trump’s Comeback – U.S. Dollar Could Get Stronger Now, here's where it gets interesting. If Donald Trump makes a comeback and gets back into office, it could really boost the U.S. dollar. In the past, his policies helped the economy by cutting taxes and lowering regulations, which made the dollar stronger. If he returns, there’s a good chance the Fed might raise interest rates, which would make the dollar even more attractive to investors. If the dollar strengthens because of Trump’s return, FOREXCOM:GBPUSD could see even more downward pressure. In fact, we could see the pair drop not just to 1.22000, but even lower—1.20000 or 1.19000. Worst case, the pair could even go all the way down to 1.40000 if the dollar really takes off. What If It Breaks 1.22000? If 1.22000 doesn’t hold, we could see a big drop to levels like 1.20000 or even 1.19000. With Trump potentially driving the dollar higher, the move down could be stronger than expected. Quick Recap Pullback from 1.25000, possibly heading to 1.27000. After that, we expect a drop to 1.22000. If Trump comes back, the TVC:DXY could get stronger, and FOREXCOM:GBPUSD could go lower—maybe even to 1.14000. If 1.22000 breaks, look for further drops to 1.20000 or lower. So, in short, there’s a solid setup for a bearish move on FOREXCOM:GBPUSD , especially with the possibility of Trump’s return pushing the dollar higher. Have a good trades everyone!
Short
by Shanshahani
3