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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
30
GBPUSD → Negative fundamental background. Going to 1.2500FX:GBPUSD is reversing after a retest of strong resistance with no opportunity to enter the liquidity zone. The negative fundamental background is confirmed. The dollar is flying upwards. News channels and not only already declare about the victory of Trump, whose policy is directed towards the strengthening of the dollar. Markets are starting to react accordingly. As for GBPUSD, in the last article I focused your attention on 1.2813 and 1.305: If after a pullback to the resistance the price starts to retest the support, the chances of a breakdown and further decline will increase. The fundamental background, formed at the moment, is favorable for the fall of the currency pair. Resistance levels: 1.294, 1.30, 1.3044 Support levels: 1.2813, 1.2672, 1.25 The technical and fundamental background are going in the same direction. Emphasis on the key support. A slight pullback is possible before further breakout. Also continue to follow the news! Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;) Regards R. Linda!
Short
by RLinda
10
GBPUSD 180 Pip ShortStill playing off the 4h bearish trend that GBPUSD is in. We have traded the pullback all of the way back up and are now once again approaching the 4h supply zone. I am looking for a reversal in market structure on the lower time frames to confirm the continuation of the bearish trend on the higher time frames. As this is a continuation trade expecting the higher time frames to kick in and continue the bearish trend the target is a new lower low on the 4h chart. Make sure that you boost this trade idea and follow. Over 300 pips of movements called so far this week!!!
Short
by DrRoach2
14
EDUCATION: The “Fake” Engulfing Candle: A SNEAKY TRAPAs traders, we’re often taught to look for classic price action patterns, and one of the most well-known is the Engulfing Candle. It's that strong reversal pattern where the body of the second candle completely engulfs the body of the first, signaling potential trend reversals or continuations. But what happens when that engulfing candle shows up in the "wrong" place? That’s what I like to call a "Fake" Engulfing Candle. A "Fake" Engulfing Candle is one that paints on the chart but in a location that doesn’t align with the market context or trend. For example, if you’re in a strong, established trend, an engulfing candle that appears in the middle of the trend (without any supporting structure or context) could be a false signal. This kind of engulfing candle might look great on the chart, but it's not telling you the full story—it’s a signal with poor timing. Understanding the Importance of Location The location of an engulfing candle is key. A "real" engulfing candle typically forms after a clear trend exhaustion or at a key support or resistance level. These are areas where price is likely to reverse, and that’s where an engulfing pattern becomes meaningful. However, when the engulfing candle appears in random locations—without any clear structure around it—it’s often just noise in the market. Fake signals, like this, can lead traders to make impulsive decisions, chasing trades that aren’t supported by solid market structure or context. Think of it like walking into a room full of noise—you may hear words, but they’re not telling you anything meaningful. How to Spot a Fake Engulfing Candle Context is King: Look for the engulfing candle to form after a trend exhaustion or near a key support or resistance level. If it pops up in the middle of a strong trend with no visible reason for reversal, chances are it’s a fake. Volume Confirmation: Is the engulfing candle supported by volume? A strong engulfing candle should have an increase in volume, confirming the strength of the move. If volume is absent or weak, the signal may be unreliable. Previous Market Structure: The best signals often come from patterns that align with previous market structure, such as previous highs or lows. If the engulfing candle doesn’t respect any major levels or swing points, it might not be worth trading. Practical Takeaway: Don't Fall for the Fake The takeaway here is simple: don’t let the appearance of a "perfect" engulfing candle fool you. Just because it looks good on the chart doesn’t mean it’s the right signal for the current market conditions. Always pay attention to the context around the pattern and confirm it with volume and other technical indicators. Remember, location matters when it comes to identifying valid trade setups. Have you ever been caught by a "Fake" Engulfing Candle? What’s your process for distinguishing real signals from fake ones? Drop your thoughts in the comments—I'd love to hear how you handle these tricky setups!
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Education
by TLTurnerTV
8
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
6
GBPUSD 164 Pip LongThis is possibly my favourite setup to trade. GBPUSD is in a strong bearish trend on the 4h chart and we have created a new LL today. We know that the market moves in waves so after a LL we get a pullback to make sure that the market moves efficiently. Price has broken out of its downward trend on the 5m and I am now keen to see it break the 15m CHOC mark. If this happens I will look to long from just above the 4h LL and look for more long entries all the way back up into the 4h supply zone. Follow and like for more trade ideas!
Long
by DrRoach2
7
GBPUSD: Still limited by USD becomes overwhelmingThe GBP/USD pair continues its downward trend, trading around the 1.2820 level, with the potential to move towards the 1.2680 support zone as indicated on the chart. This ongoing decline is fueled by the resilience of the U.S. dollar, which benefits from broader market sentiment and recent economic signals. The highlighted resistance zone above 1.3000 suggests that sellers remain active at higher levels, preventing significant recovery attempts. With the pair breaking below key moving averages, the outlook suggests further bearish momentum.
Short
by Chipucu
1
GBP/USD Resumes Bearish TrendGBP/USD Resumes Bearish Trend Trump's victory in the US Elections has bolstered the US Dollar. The USD's strength this month has been tied to Trump's win, so it was anticipated that his victory would support further USD strength. The price has already dropped nearly 200 pips during the early hours of the European morning. It is likely that the price may continue to decline during the opening of the London and US markets, as trading volume is expected to increase significantly. The market still needs to fully absorb Trump's victory, which could lead to further short-term strengthening of the USD. 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
5
Swing Alert !GBP/USD Lows Tested and a Return to Normal Trading Conditions While the trading in the GBP/USD was volatile it was not out of the ordinary. Traders with experience certainly knew fast conditions would be seen last week. Now that the U.S election is done and the Federal Reserve and Bank of England have acted, the coming week of trading will return to mostly normal trading conditions. Plenty of economic data will factor into trading in the coming days. The U.S will release CPI on Wednesday and another inflation report on Thursday, Britain will publish its growth numbers on Friday. The GBP/USD did manage to climb above the 1.29000 level and sustain its value going into the weekend. The price of the currency pair is hovering near price values seen in the middle of August. Trading in the GBP/USD has certainly been bearish since the last week of September and now it may be time to ask if risk adverse trading is overdone. Financial institutions have more clarity regarding outlook over the mid-term and considerations will be given again to the U.S Federal Reserve’s rhetoric. Early Trading and Equilibrium in the GBP/USD After a handful of rather turbulent weeks has been seen in Forex, including the GBP/USD, as financial institutions became cautious, speculators may believe the time is right to look for upside in the Forex pair. However, before day traders jump blindly into long positions they should make sure the current support levels are proving durable early this week. If the GBP/USD can maintain support above the 1.29100 level and begin to test higher prices before the U.S Consumer Price Index numbers this Wednesday it may show financial institutions believe there is some upside to achieve. However, for this to remain a belief and the GBP/USD to climb higher, it is likely the U.S CPI numbers will have to meet or come in weaker than estimated.
Long
by mohammadhassanli
1
GBP/USD ! 11/7 ! sideway price zone - resistance signal SELLGBP/USD trend forecast November 7, 2024 The GBP/USD pair finds support during the Asian session on Thursday, moving up from its mid-August low near the 1.2830 area touched the day before. Spot prices now aim to sustain momentum above the 1.2900 level as focus turns to significant central bank events. The Bank of England (BoE) is expected to announce a rate cut today, its second this year, in response to slowing inflation. However, expectations that UK Finance Minister Rachel Reeves' upcoming budget could boost inflation, potentially slowing future BoE rate cuts, help support the British Pound. A slight dip in the US Dollar also contributes to GBP/USD gains. Against the backdrop of a rising dollar - GBP is not much changed. sideways and slightly down /// SELL GBP/USD : zone 1.29520 - 1.29720 SL: 1.30100 TP: 60 - 120 - 250 pips (1.27220) Safe and profitable trading
Short
by Moon-ForexAcademy
4
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
2