GBPUSD BEARISHGBPUSD follow his trend in bullish side
no bullish sign
best for short
printing HH&HL
DOW THEORY
GBPUSD trade ideas
GBPUSD I Swing long opportunity with upcoming fundamentalsWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPUSD LongTwo long setups on GBPUSD.
Price has broken CHOC on 1h.
First target is 4h LH and second target is 4h supply zone at daily extreme.
GBPUSD POSSIBLE BUY IDEA GBPUSD has been in a strong bearish order flow, looking to catch a pull back to at least 50% of the swing point.
GBPUSD SELL 1.2960In the 4-hour chart, GBPUSD maintains a volatile downward trend. At present, attention can be paid to the resistance near 1.2960. If the rebound is blocked, short selling can be considered. The support below is around 1.2870. After breaking through, the support below is around 1.2800.
NEW IDEA FOR GBPUSD In the four-hour time frame, GBP/USD has a low-level support in the range of 1.2946-1.2884, and now, if it is maintained, the rate can rise to the resistance of 1.3094.
Bearish drop?GBP/USD is rising towards the resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.2943
Why we like it:
There is a pullback resistance level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 1.2999
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 1.2885
Why we like it:
There is a pullback support level.
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GBPUSD H4 | Bullish RiseBased on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 1.2907, which is overlap support close to 161.8% Fibonacci extension
Our take profit will be at 1.2955, which is a pullback resistance level.
The stop loss will be placed at 1.2871, which is a pullback 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.
GBPUSD SHORTMarket structure Bearish on HTFs DW
Entry at Daily and Weekly AOi
Weekly rejection at AOi
Previous Weekly Structure Point
Daily Rejection at AOi
Daily EMA retest
Around Psychological Level 1.31000
Entry at the same area as previous week Level, I will react accordingly as the week progresses
H4 Candlestick rejection
Levels 6.45
Entry 90%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
Directional bias for trade filtering on lower TF , or 70 win %Hi there!
I’m excited to share a system I’ve developed called 'Zones.' These zones offer a directional bias, helping predict where price is likely to move next with a current follow-through rate of 70%. In other words, if the price exits one of the orange zones, there’s a 70% chance it will reach the next orange zone, at least touching the boundary, rather than reversing back and closing within the previous zone.
You can trade these zones directly for a 70% win rate, or use them as a directional bias to complement your existing strategy on a 1-minute or 5-minute chart (which I highly recommend).
Important note: When the price briefly exits a zone but doesn’t close outside it, this is not considered a valid exit — we call this a "spike" or wick. For the 70% win rate to apply, the price must close outside the zone.
These zones are the result of years of research, experimental machine learning development, and collaboration with colleagues who have decades of experience in physics. And the best part? I’m offering them completely free.
The real challenge isn’t just following a system with a 70% win rate — it’s whether you can overcome your own psychology and avoid sabotaging your success. If you had a winning strategy, what’s really stopping you from being consistently profitable? Often, the answer is ourselves.
My zones are built on theoretical thermodynamics and mathematical proofs that help predict the likely trajectory of a system, similar to particle movement in physics.
Keep in mind, the orange zone line represents an unpredictable area — while the price often touches the line, there are instances where it may not reach it. Due to the inherent limitations of modern physics, this zone remains an unsolvable area, adding a layer of uncertainty to the system.
I promise, none of the paid indicators, whether it’s LuxAlgo or anything from a Pine Wizard or trading “guru,” can match the accuracy of these zones. But don’t take my word for it — try them for yourself and see the results!
GBPUSD short ideaI like recent bullish momentum in dollar, I would like to see it continue from here. I would like to see GBPUSD drop lower to make new lows.
GBPUSD H1The GBP/USD pair has reached a central support area, so we are looking to buy after taking a buy price action from the 1.2988 levels.
Our first target: 1.3058
Second target: 1.31045
Third target: 1.3177
Stop: 1.2932, one-hour close below this level
FX:GBPUSD
GBP/USD: Pound Faces Key Test Ahead BoE Governor Bailey’s SpeechToday, all eyes will be on Bank of England (BoE) Governor Andrew Bailey, who is set to speak at an event organized by the Institute of International Finance later in the day. Bailey’s remarks could prove pivotal for the Pound Sterling (GBP), especially as the market remains sensitive to signals regarding the BoE’s stance on monetary policy.
Potential Impact of Bailey’s Speech
If Bailey adopts a dovish tone by highlighting ongoing progress in reducing inflation and does not counter market expectations for further rate cuts this year, the Pound could face immediate selling pressure.
Here’s what to watch for:
Dovish Remarks: If Bailey acknowledges progress in disinflation and hints at more accommodative monetary policy, it could reinforce expectations of further rate cuts, leading to a drop in GBP.
Hawkish Pushback: On the other hand, if Bailey suggests that the BoE is still vigilant about inflation risks and signals a less aggressive approach toward rate cuts, the Pound could find some support.
Technical Analysis: GBP/USD Eyes Lower Demand Zones
The GBP/USD pair remains under selling pressure, with our bias still tilted to the downside, consistent with our previous forecast. From a technical standpoint, the chart now features an additional mid-level demand area, where the Pound might find temporary support. Here’s how the setup is shaping up:
Current Demand Zones:
We have added an intermediate demand area in anticipation of a possible short-term reaction in the Pound. This zone could act as a buffer, offering a potential retracement opportunity before a possible continuation of the bearish trend.
COT Report Insights:
According to the latest Commitment of Traders (COT) report, retail traders remain predominantly bearish on the Pound, while institutional investors, often referred to as “smart money,” are beginning to accumulate long positions. This divergence suggests that while the broader sentiment remains bearish, there is emerging buying interest from major players, hinting at a potential reversal.
DXY Overbought Condition:
The US Dollar Index (DXY) remains in overbought territory, suggesting that its bullish momentum could be nearing exhaustion. This aligns with our outlook for a possible GBP retracement if the DXY experiences a pullback.
Bearish Bias Maintained:
Despite the potential for a short-term bounce, our overall bias remains bearish for GBP/USD. We expect the pair to continue sliding toward the lower demand area, where we will look for a more defined reversal pattern to consider a long entry.
Trading Strategy: Waiting for a Long Entry Setup
Given the current scenario, we maintain a bearish outlook for GBP/USD but will be closely watching the price action near the identified demand areas. Here’s our strategy:
Current Position: No active positions, but we remain cautious about potential short-term volatility surrounding Bailey’s speech.
Entry Plan: Should the price reach the lower demand area, we will look for a bullish reversal pattern to confirm a possible long entry.
Stop Loss: Set a tight stop loss below the demand area to manage risk effectively.
Target: Aim for a near-term rebound toward the intermediate resistance levels if a bullish setup materializes.
Final Thoughts: Potential for Short-Term Volatility
With Bailey’s speech potentially influencing the short-term direction of GBP, traders should be prepared for volatility. If the BoE Governor strikes a dovish tone, it could fuel further selling pressure on the Pound, aligning with our bearish bias. However, the overbought condition of the DXY and the building long positions by institutional traders suggest that a rebound could be on the horizon, particularly near the lower demand area.
As always, it is crucial to exercise patience and wait for clear signals before entering trades, especially in a market driven by central bank communication and evolving sentiment. Stay alert for any surprises from Bailey’s speech and be ready to adapt to changing market dynamics.
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GBP/USD - Potential Sell Reentry H4 TFTechnical analysis based on Basic BBMA strategies( Bollinger Band and Moving Average). This is just a potential market projection where the market price can go. Trade wisely.
GBPUSD Possible BUYThe market is currently testing the current Weekly support area. Based on Daily TF, the market seems to be forming a possible reversal chart pattern.
We could see Buyers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Sterling Rebounded#trading_idea #GBPUSD 💡
💸Sterling - BUY THE DIP
The pound dipped a touch on the dollar and held steady on the euro on Wednesday, as traders awaited remarks by Bank of England Governor Andrew Bailey that could affect expectations of the central bank's rate cut path.
On the 1-hour chart, the price is rebounded from the support 1.2963 and rising up after big fall this morning. We may see a detergency between price graph and Momentum indicator. Additionally, the price is still below the 100-period moving average (MA100).
🔼If the price break up 1.29886 we may see further rise to 1.301.
🔽Alternatively, the price may retest the support 1.2963.
What do you think?
😎 Hit "👍" if you believe the price will rise and "👎" if you think it's slide.
➡️➡️ TRY SABIOTRADE NOW
GBPUSD Is Very Bullish! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.296.
Considering the today's price action, probabilities will be high to see a movement to 1.303.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPUSD H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.3032, which is a pullback resistance and a 61.8% Fibonacci retracement.
Our take profit will be at 1.2943, an overlap support level that aligns with 121.2% Fibo retracement
The stop loss will be at 1.3104, a swing-high resistance 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.
Latest GBPUSD Comments Today - October 21, 2024Looking at the GBPUSD chart, we can see that the price is moving within a clear downtrend channel. Currently, the price is right next to the upper trendline of this channel, indicating that selling pressure may dominate and continue to push the price lower.
Today's trading trend: SELL scalp.
Trading strategy: For those considering trading, it is reasonable to look for a selling opportunity in the resistance area near $1.3050, with a target of $1.2950. Place a stop loss above the resistance area of $1.3070 to limit risk.
Wishing you a profitable and safe trading week.
GBPUSD BUY PROJECTION GBPUSD has been on the downtrend and we can see a breakout which causes a CHOCH and I expect price to retrace to the last BOS before going long.
Election Day Trade: GBPUSDToday marks a significant moment in the United States—Election Day—and as traders, we know that market sentiment can be influenced by political events. This morning, I took a strategic position on GBPUSD, entering the trade at 1.29623. With the current price now at 1.30266, the trade is showing promising momentum.
The volatility associated with elections can create unique opportunities. In this case, the British pound seems to be gaining traction against the dollar, likely reflecting optimism or reactions to the unfolding political landscape. The key to successful trading on days like today is staying vigilant, managing risk, and being ready to adjust your strategy based on incoming news and market reactions.
As always, I emphasize the importance of having a solid exit plan. With the market currently moving in my favor, I’m assessing the best points for taking profits while also remaining aware of potential reversals as the day progresses.
What trades are you taking today, and how are you navigating the uncertainties of Election Day? Share your thoughts and strategies in the comments below! Your perspective could spark valuable conversations among fellow traders.
(All Trading Ideas are shared for Educational Purposes. Trade the market at your own risk.)
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.
