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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD Rounding OffHello traders, After we had our trade close in breakeven, it now appears that GU is rounding off and might be forming a cup and handle formation as you can see on the chart. However more confirmation would be better so it would be better to wait for some confirmation and this is a more riskier trade. I have not posted a trade setup with tp and sl because I believe we need to see what the market will do. If you are okay with taking the risk, you can wait for candle close above the trendline and long it to the previous highs with a stop loss somewhere in the middle of the bottom wicks.
Long
by The_Worldy
GBP/USD Bullish Setup: Buyers Show Strong InterestAnalysis: The Cable (GBP/USD) on the hourly chart has demonstrated impressive strength to the upside recently. However, on Friday, we observed a trend-changing pullback, with price retreating from a high of 1.2502 to a low of 1.2426. Following this, the price broke the previous high again before creating a momentum low at 1.2414 earlier today. On the 5-minute chart, a bullish setup has now formed following the momentum low. This suggests that buyers remain engaged, and we could see a bullish move back towards the 1.2499 level or potentially the high of 1.2524. Entry Price: 1.2447 Long Entry Stop Loss: 1.2412 Happy trading!
Long
by Charts247TradingAcademy
GBP/USD Technical Analysis – Brokerir Analysis TeamPlease share what you think about this analysis in the comments below: Market Overview The GBP/USD pair is currently fluctuating within a key support zone between 1.24106 and 1.23954, and a retracement towards 1.24254 is anticipated. Based on price action, these levels indicate potential buying interest and a short-term reversal opportunity. Key Technical Levels Support Zone: 1.24106 – 1.23954 Retracement Target: 1.24254 Resistance Level: 1.24300 - 1.24400 (Beyond target, potential next resistance) Technical Factors Supporting Retracement 1️⃣ Price Action & Market Structure The price has reached a previous demand zone between 1.24106 and 1.23954, where buyers could step in. GBP/USD appears to be forming a short-term higher low, suggesting a retracement before further trend development. 2️⃣ Fibonacci Levels 38.2% and 50% Fibonacci Retracement from the last bullish move align with this support zone, reinforcing the likelihood of a bounce. 3️⃣ RSI & Momentum Indicators RSI is nearing oversold conditions on lower timeframes, indicating a potential bullish reversal. MACD histogram is showing signs of slowing bearish momentum, suggesting possible price stabilization before a move upward. 4️⃣ Market Liquidity & Order Flow There could be stop-loss liquidity below 1.23954, and if sellers fail to push lower, price may reverse towards 1.24254 as part of a liquidity grab. Order flow analysis suggests buyers might step in around this zone, leading to short-term bullish momentum. Trade Setup & Risk Management 📌 Bullish Trade Setup (Retracement to 1.24254) Entry Zone: 1.24106 - 1.23954 Take Profit: 1.24254 Stop Loss: Below 1.23900 (for conservative risk management) Risk/Reward Ratio: ~1:2 (depending on execution and volatility) 📌 Bearish Alternative Scenario If price fails to hold 1.23954, GBP/USD could extend losses toward 1.23800 or 1.23650, invalidating the retracement setup. A break below 1.23900 with strong bearish volume would signal further downside. Conclusion & Outlook 📊 Brokerir’s Analysis Team anticipates a bullish retracement from the 1.24106 - 1.23954 zone towards 1.24254, given the support structure, RSI positioning, and price action dynamics. However, traders should monitor price reaction closely and adjust risk management strategies accordingly, as a breakdown of support could lead to further declines. 🚀 Bullish Confirmation: Strong rejection from the support zone with increased buying volume. 📉 Bearish Risk: A breakdown below 1.23954 invalidates the retracement setup. ⚡ Stay updated with Brokerir for real-time market insights and trade setups!
Long
by SasanHATAM
GBPUSD is testing the downtrend and bears' nervesGBPUSD is testing the downtrend and bears' nerves. The price is trying to break the resistance of the downtrend and based on the overall situation compared to the dollar, the pound sterling has great chances. The fundamental background is gradually changing in favor of GBP Scenario: The price has already broken the trend resistance. Consolidation and consolidation of the price above 1.2488 could form an intermediate bottom and allow the price to strengthen to 1.26 - 1.28.
Long
by AndeWave
1
GBOUSD H1 | Bullish ContinuationBased on the H1 chart, the price is falling toward our buy entry level at 1.23763, which aligns with an overlap support and the 61.8% Fibonacci retracement. This level is expected to act as a potential continuation point in the bullish setup. Our take profit is set at 1.24801, near a key resistance level where price may face selling pressure. The stop loss is placed at 1.22979, below the previous swing low, providing room for price fluctuations while ensuring the bullish setup remains valid. 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 (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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