GBPUSD trade ideas
GbpUsd Trade IdeaGU at the moment is very bearish with solid structures to support the trend. With GU being bearish and sitting at a higher time frame LH we can either expect smaller time frames to shift and go bearish to continue ranging or wait for both small and higher time frames to sync and go bullish breaking above bearish structures. For now I'm short on the pair. We'll see how price reacts at this level.
GBP/USD Bullish Reversal - Inverted Head & Shoulders FormationPattern Formation:
The GBP/USD pair is currently forming an Inverted Head and Shoulders pattern, which is a classic bullish reversal signal. This pattern indicates that the downtrend may be coming to an end, and we could see a potential upward movement upon confirmation.
Key Support and Rejection Level:
The price has shown a strong rejection from a key Support level at 1.29050 , which aligns with the 0.618 Fibonacci Retracement level. This confluence strengthens the support, suggesting that the price has found a significant bottom at this level. The repeated rejections at this zone indicate buying pressure, supporting the potential bullish setup.
RSI Analysis:
Upon analyzing the Relative Strength Index (RSI) on the 4-hour timeframe, there is a clear Bullish Divergence . While the price was forming lower lows, the RSI was forming higher lows. This divergence suggests a potential reversal in price, further validating our bullish outlook.
Entry Strategy:
An entry is recommended upon the breakout of the Neckline at approximately 1.30020 . For a more conservative approach, entering on a re-test of this level will provide additional confirmation of the breakout's validity.
Entry Point: Near 1.30020
Stop Loss: Near 1.29050 (below the support level)
Take Profit Levels:
To maximize the potential profit while managing risk, the following take profit (TP) levels are suggested:
TP-1: 1.30990
TP-2: 1.31960
TP-3: 1.32930
Conclusion:
The overall technical analysis indicates a potential bullish reversal for GBP/USD based on the Inverted Head and Shoulders pattern, support at 1.29050, 0.618 Fibonacci level, and bullish RSI divergence. An entry near 1.30020 with a stop loss at 1.29050 offers a favorable risk-to-reward ratio. The market should be closely monitored for a confirmed breakout or re-test at the neckline level.
Recommendation: Watch for a clean breakout or re-test at 1.30020 for a potential bullish entry, and follow the risk management plan by placing the stop loss near 1.29050.
GBPUSD SHORTLooking to short GBPUSD as price continues to decline on higher TF area, slight retracement for sell opportunity as i look to make entry @1.29918 and ride with the trend.. Fingers crossed..
GBPUSD - BUY GBPUSD is moving in a descending channel and recently took support from 1.29090 and now the INVERSE HEAD and SHOULDER pattern is in play.
We will wait for fresh entry at BREAKOUT of the Inverse HEAD and SHOULDER pattern, a confluence of descending channel breakout.
GBPUSD Is Going Up! Long!
Take a look at our analysis for GBPUSD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.296.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.306 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
GBPUSD**GBPUSD:**
This week's forecast is for the price to fall, break through the channel and reach the key levels below.
Instant Sell Overall still Sell Trend.
Taking a Sell now as the market testing the Asia High of Monday open.
GBP/USD Today: Short Term Trend ForecastHello dear friends, a new week has come, wish you lots of energy!
Currently, the GBP/USD exchange rate is fluctuating around 1.2965 and performing well in the downward price channel on the 1-hour chart.
The main reason is that the market is witnessing economic stability in both the UK and the US, as retail sales in both countries exceeded expectations, indicating quite strong consumer spending. In addition, inflation in the UK has dropped to 1.7%, below the Bank of England's target, increasing the possibility of a rate cut in the near future, directly affecting this currency pair.
Wishing you successful trading and good luck in the market!
GBPUSD : Continue to prioritize sales strategy!The GBP/USD pair continued its decline, reaching around 1.2945 during early Monday trading. The U.S. dollar strengthened amid expectations that the Federal Reserve may take a less aggressive approach to policy easing, which pressured the pair downward.
GBPUSD may fall to 1.280In the 4-hour chart, GBPUSD is currently running below the downward trend line, and the bearish trend is dominant. At present, attention can be paid to the resistance near 1.300. If the rebound is not broken, it is expected to continue to fall. The support below is around 1.287. After breaking, the support below is around 1.280.
GBPUSD 4H Outlook | BearishGBPUSD is continuously making LH, LL.
Earlier, the daily and 4H timeframe made divergence, followed by a flat top divergence after which this bearish trend started.
It has formed a bearish channel that is still valid.
A key support area is found around 1.26105.
Trade plan:
Place a sell stop order when LL breaks
Stop Loss: 1.29984
Sell Stop : 1.29035
TP1: 1.2809
TP2: 1.2714
Start with a minimal position and add after channel confirmation.
GU ARE WE GONG LONG DICK OR WHAT HEY GUYS we looking bullish on GU but beware this spooky season cause we have ballots opening this week and many red folders coming out alright my organic grown traders yee hee
British Pound's Next Rounds(Analysis of the British Pound)
The British Pound has been experiencing a decline. Our chart analysis reveals a consistent trend respecting established support and resistance zones. Currently, the trend is bearish, with a recent reversal from the resistance zone. To manage risk, we've set our stop-loss above the resistance level.
Trade Strategy:
We've divided our take-profit into two parts:
1. The first target is at the support level.
2. The second target is below the support level.
Trade Management:
If the first take-profit is achieved, we'll monitor the trend for a potential breakdown. If it occurs, we'll proceed to the second take-profit. However, if the trend reverses from the support level, we'll close our positions with only the first take-profit.
GBPUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
My Bullish GBP/USD Strategy Using X1X2!You have no idea how many opportunities are there when you're simply following "X1X2"!
I invite you to engage with me in this analysis!
Current Fundamentals Supporting a Bullish Bias on GBP/USD:
1. Positive UK Economic Data: Recent reports indicate that the UK's GDP expanded by 0.2% in August, aligning with analyst expectations. Additionally, industrial production and manufacturing have shown growth, which supports the Pound's strength against the Dollar.
2. Diminishing US Dollar Strength: The US Dollar has faced selling pressure, particularly in light of recent mixed macroeconomic data. A softening inflation rate and rising initial jobless claims have raised concerns about the US economy, contributing to a bullish outlook for GBP/USD.
3. Market Sentiment Shift: An improving risk mood among investors has led to optimism regarding potential Federal Reserve rate cuts. This sentiment has weakened the Dollar, allowing GBP/USD to gain traction above key support levels.
Utilizing Probabilities in My Swing Trading Strategy:
In my trading approach, I employ a system known as X1X2, which focuses on probabilities to determine optimal entry points for long positions in GBP/USD.
In conclusion, my bullish bias on GBP/USD is supported by favorable economic indicators from the UK and weakening US economic data. By leveraging probabilities through my X1X2 system, I aim to position myself effectively for potential long trades in this pair.
1W:
3H:
GBPUSD H1The British pound managed to regain positivity before the weekly close, so we are looking to buy from the 1.29473 levels.
Our targets are at the levels: 1.30711.
The second level: 1.31025.
The third target: 1.31670.
The stop is at the levels: 1.28950
CAPITALCOM:GBPUSD
GBP_USD TIME TO SELL|SHORT|
✅GBP_USD fist made a
Breakout of the key horizontal
Level of 1.3050 then made a
Pullback and a retest and is
Going down again so we are
Bearish biased and we will
Be expecting a further
Move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
GBP-USD Will Keep Falling! Sell!
Hello,Traders!
GBP-USD is falling down
After the bearish breakout
Of the key horizontal level
Of 1.3041 which is now a
Resistance and we will be
Expecting a bearish continuation
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
BIG Picture GBPUSD (1W and 1D)On the weekly chart, the market shows a bullish structure. However, it is currently in a decline driven by a rejection block that, according to ICT concepts, signals a trend reversal. In my view, buyers will aim to dominate the market within the Discount FVG zone, with the objective of pushing the price up to the imbalance created above in the rejection block. If the dollar weakens next week, this movement is highly likely.
Daily Analysis
I believe buyers are very interested in the zone between 1.29031 and 1.28570. On Monday, I anticipate a possible manipulation below 1.29110, which is below Friday's low.
GBP/USD - Daily AnalysisPrice has dropped around 500 pips from its 1.3433 peak at the end of September to 1.2906 at the end of last week.
What's interesting is that price now sits at the trendline. Will price break or bounce? Traders already in sells may be inclined to take full or partial profits at this point.
Traders who are not in the GBP/USD market should consider sitting and waiting for further clues.
GBPUSD sell 10/11/23Sell GBPUSD at 1.29344 , wait for pullback and rise by 30 pips before entering a sell position.
TP 100 pips at 1.28321
Trade based on trend lines and Fibonacci levels on the higher time frame .
Please use proper risk management when entering these trades.
GBPUSD Analysis ANd Next Market Move - BullishPair Name = GBPUSD
Timeframe = D1
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPUSD is looking with fakeout pattern. Now this is ready to get good volume and after this bounce we can see gain UpTo 300Pips+ easily. As soon as market will move above this trend line then this bullish trend will be clear again.
Bullish Targets :-
1.33000
1.34000
