correctionIt is expected to consolidate above the support area and then see the start of an upward trend. If the price breaks through the support area, the trend may continue to the next support levels.
GBPUSD trade ideas
Fundamental Market Analysis for February 26, 2025 GBPUSDOn Tuesday, the GBP/USD pair experienced a slight rebound, allowing the cable to retrace to the upper boundary of the short-term consolidation and hold bid near the 200-day exponential moving average (EMA).US consumer sentiment declined in February, adding to concerns of slowing economic growth, with US President Donald Trump reiterating his intention to impose stiff import taxes on his citizens as a trade war threat against the US's closest trading partners.
Despite weakening consumer sentiment, driven mainly by concerns over President Trump's tariff packages, the cable markets remained positive on Tuesday.Despite a new round of attempts by President Trump to start a trade war, markets continue to believe that the US President will find a reason to put aside his own tariff threats at the 11th hour.
The data calendar for the US and UK has relatively few items scheduled for Wednesday, although the market is anticipating the release of the US Gross Domestic Product (GDP) on Thursday. Friday will conclude the week with the release of updated US Personal Consumption Expenditure (PCE) inflation data, a key indicator that investors hope will show that the recent rise in the core Consumer Price Index (CPI) has not affected core inflation.
Trading recommendation: BUY 1.26500, SL 1.26000, TP 1.27300
GBP/USD Approaching Key Reversal ZoneThe GBP/USD pair has reached a critical resistance area around 1.2658, aligning with the 1.13 Fibonacci extension level of the harmonic Gartley pattern. The price action suggests potential exhaustion in the bullish trend, with signs of rejection near this level.
A confirmed reversal could lead to a corrective move towards key support zones at 1.2456 and 1.2320. However, if the pair sustains above 1.2685, further upside towards 1.2732 and the HOP level at 1.2843 remains possible.
GBPUSD: Bears Will Push
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPUSD chart which, if analyzed properly, clearly points in the downward direction.
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GBPUSD SELL NOW!!!!!!!GBPUSD took out sell side liquidity am looking forward to see price take out the neckline at 1.2615 then a retest is expected an a long sell join and enjoy my main target is 1.25420
GBP/USD: Flat Wave 2 Sets Stage—Will Wave 4 Zigzag or Triangle?Hello fellow traders! Dive in to explore our quick take on GBP/USD’s Elliott Wave action—happy trading!
Wave 1 & Wave 2
The initial leg up (Wave 1) established the start of an impulse.
Wave 2 appears to have formed a flat correction—a relatively sideways pattern characterized by three sub-waves (A-B-C), where Wave B can sometimes move slightly beyond the start of Wave A.
The flat structure in Wave 2 set the stage for a strong Wave 3 advance.
Wave 3
Typically the most powerful and extended wave in an impulse, Wave 3 pushed prices higher in a clear, sustained trend.
Fibonacci extensions often confirm Wave 3’s prominence, with price sometimes reaching 161.8% or more of Wave 1.
Wave 4
Following Wave 3, a corrective Wave 4 is unfolding. Because Wave 2 was a flat, the principle of alternation suggests Wave 4 could take a different shape, such as a zigzag (A-B-C) or a triangle.
Currently, the structure hints at a zigzag (a more vertical three-wave pattern), but there’s also a possibility of a triangle if price consolidates in converging trendlines. Wave 4 triangles are fairly common, especially when they alternate with a flat in Wave 2.
Potential Outcomes for Wave 4
Zigzag Completion: If the corrective phase remains a zigzag, we’d look for a clearer three-wave structure (A-B-C) to complete near typical retracement levels (e.g., 38.2% or 23.6% of Wave 3).
Triangle Formation: If the market continues to range and create overlapping waves, watch for lower highs and higher lows converging into a triangle. This pattern could prolong Wave 4’s duration before the final Wave 5 upswing begins.
Wave 5 Outlook
After Wave 4 concludes, look for Wave 5 to emerge.
Targets often use Fibonacci projections—e.g., measuring Wave 5 against the length of Wave 1 or against the net distance of Waves 1+3.
A common extension is the 61.8% or 100% projection of (Wave 1 + Wave 3), which can help identify potential price levels for Wave 5’s completion.
Key Takeaways
The broader picture shows an impulsive five-wave move in progress.
Wave 2 being flat suggests Wave 4 is likely to be a different pattern (zigzag or triangle), aligning with the principle of alternation.
If Wave 4 forms a triangle, it may extend the corrective phase, but the ensuing Wave 5 rally often emerges strongly once the triangle completes.
Monitoring Fibonacci retracements and extensions will be crucial to pinpoint likely support for Wave 4 and resistance targets for Wave 5.
As always, monitor price action and confirm the wave structure with technical indicators or additional confluence before taking a trading position.
GBPUSD Shortwaiting for signal, there is sell setup.
price has move down and retrace a bit .
im looking for a sell signal from GBP usd to start selling. this will take some time once the signal appears at 50% and 75% i will consider to entry.
if the price breakout on the upper side i will wait for another setup and signal its either to buy or sell.
lets wait.
GBP/USD: Bullish Momentum Faces Key ResistanceGBP/USD has reached its highest point since mid-December at 1.2690, primarily driven by the weakness of the US dollar. The pair has shown strong momentum, and as long as it holds above the key support at 1.2520, analysts see potential for further upside toward 1.2725. Positive UK economic data, including better-than-expected retail sales and inflation figures, have reinforced a bullish outlook for the pound. However, minor retracements have been observed, with slight declines following recent gains, such as the 0.05% drop on February 24. Market volatility remains a factor, with geopolitical tensions and fluctuating commodity prices impacting the dollar’s strength. From a technical standpoint, the price is currently testing a resistance zone while approaching key moving averages, which could act as dynamic resistance. The presence of supply zones above suggests that the pair could face selling pressure before a potential continuation higher. If the price fails to sustain above the resistance area, a retracement toward the 1.2520 level and possibly deeper into the 1.2400 region could materialize. Despite the recent bullish momentum, caution is warranted due to broader market uncertainties, and future movements will depend on economic indicators from both the UK and the US, as well as overall market sentiment.
gbpusd sell short term 100 pips on the tablewe are retracing on weekly to weekly fairvaluegap which leaves us good chance to take sells before long term buys , no news today so smooth sailing down (bearish) looks good
GBPUSD Buy Trade Idea 📈 GBPUSD Buy Trade Idea 📈
Looking for a move towards 1.2648 as price starts showing signs of recovery.
🔹 Current Price: 1.2630
🔹 Target: 1.2648
🔹 Deadline: Feb 25, 02:30 UTC
This is the direction—now it's up to you to implement your own strategy on how you want to enter. Stick to your plan, manage risk, and let’s see how it plays out! 🔥
Drop your thoughts below! 👇🏼
#GBPUSD #ForexTrading #TechnicalAnalysis #PriceAction #TradeSetup #MarketMoves #ForexStrategy
GBPUSD INTRADAY bullish above 1.2517The GBPUSD currency pair intraday price action sentiment appears bullish, supported by the longer-term prevailing uptrend.
The key trading level is at 1.2517, the 05th Feb ‘25 swing high. A corrective pullback from the current overbought levels could target the downside support at 1.2517. A bullish bounceback from the rising support at 1.2517 could target resistance at 1.2680 followed by 1.2720 and 1.2740 levels over the longer timeframe.
Alternatively, a confirmed loss of 1.2517 support and a daily close above that level would negate the bullish outlook opening the way for further retracements and a retest of 1.2450 support level followed by 1.2400.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Learning Risk Management in Forex – A Step-by-Step ApproachAlthough I traded since 2004, but I actually started my trading learning journey in 2022. All what I did before was a waste of time.
I did another mistake in 2022. I wanted to teach myself technical analysis, and come up with a trading methodology that was suitable for me. That in itself is not a mistake, but starting with that aspect of trading was my mistake.
I realized that the first step should have been how to learn risk management in Forex trading.
As I continue my forex trading journey, I’ve realized that risk management is not just an add-on to a strategy—it’s the foundation of long-term survival. I’m sharing what I’m learning in the hopes that it helps others who are also figuring things out.
Here are a few key lessons I’ve come across:
Set a Fixed Risk Per Trade – Many experienced traders risk no more than 1 to 2 percent of their capital per trade. I’ve started applying this to keep losses manageable.
Define a Clear Stop-Loss Level – I used to place stops based on random numbers, but now I focus on market structure instead. This has made a difference in protecting my trades.
Use a Favorable Reward-to-Risk Ratio – I’ve been experimenting with a 1:2 ratio, meaning I aim for at least twice the reward compared to the risk. It helps keep my winners bigger than my losses.
Adjust Lot Size Based on Risk – This is something I’m paying more attention to. Calculating lot size based on risk per trade and stop-loss distance keeps things consistent.
Avoid Emotional Decision-Making – Sticking to a plan is harder than it sounds, but I’m learning that discipline is just as important as technical analysis.
I will write more about this and go deeper in each part of Forex trading risk management until I reach a level where I find myself set on my risk management plan.
I'm documenting more of my trading journey on my profile—feel free to check it out if you're interested.
How do you approach risk management in your trading? Let’s discuss in the comments.
GBPUSD LONGprice break out and pull back 75% and bounce .
PO entered , looking for 1:5 or 1:3 RR depending on the market condition.
There is a gap in DXY seem like price had a pullback most probably it will close the gap and continue bearish for this week.
GBPUSD to PDLGBPUSD to Previous Daily Low. I expect to see GU push lower one more time targeting Fridays low my entry is fading the energetic candle that GU just produced.
GBP/USD: Intraday Trading Strategy – Focus on IFO Business ClimaToday, I am focusing on GBP/USD, keeping a close eye on the IFO Business Climate in Germany at 10:00 CET, which could influence market sentiment.
📌 Trading Strategy:
🔹 Buying on dips around 1.2620/1.2610, with a stop adjusted based on volatility.
🔹 Selling at 1.2699, expecting a pullback.
🔹 If the resistance breaks, I will buy and target 1.2870 as an extension.
Market momentum and reaction to macroeconomic data will be key to refining my positions. Risk management remains my priority. 🔎📊
#Forex #Trading #GBPUSD #MarketAnalysis
New Bullish Fractal .. !! After great SH (market takes liquidity) makes bullish movement.
Let's wait for a symmetrical movement and then break the structure aggressively!
The best option is always to wait for the origin of the movement to avoid losses.
Keep it Simple!
If you like it, follow me !!
GBP - a new higher low formed if price stands on hourly support.Hello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck
GBPUSD WEEKLY EXPECTATION from my ends.I am bullish on GBPUSD, but not buying until some zones are being respected by price action. #priceaction trader #fundamental
Trade Idea , Short GBP/USDThe dollar is gaining strength amid rising tariffs and inflationary pressures, bolstered by the Federal Reserve’s monetary policies. Meanwhile, the UK is grappling with stagflation and a sluggish economy. This mid-term setup makes shorting the pound an attractive proposition.
GBP/USD Market Analysis – Bearish Reversal from Harmonic PatternThe GBP/USD pair has completed a Crab harmonic pattern , with price reaching the 1.618 extension level and reacting strongly at resistance near 1.2617. The rejection suggests a potential bearish reversal.
Initial downside targets (T1 and T2) are at 1.2515 and 1.2445. If price sustains below 1.2593 (AB=CD level), further downside is likely. However, a breakout above the high could invalidate the bearish setup. Traders should watch for confirmation signals before taking positions.
GBPUSD higher on dovish BoE’s expectationsThe GBPUSD currency pair intraday price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The initial spike higher was triggered by the release of Retail Sales, a key measure of consumer spending. Retail sales rose at 1.7% in the month after contracting by 0.6% in December, revised lower from -0.3%. Todays data is beating the economists expectation, moderate 0.3%. Upbeat Retail Sales data is influencing the traders to further pare their bets on the Bank of England (BoE) cutting interest rates again in the March meeting.
The key trading level is at 1.2517, the 05th Feb ‘25 swing high. A corrective pullback from the current overbought levels could target the downside support at 1.2517. A bullish bounceback from the rising support at 1.2517 could target resistance at 1.2700 followed by 1.2800 followed by 1.2820 levels over the longer timeframe.
Alternatively, a confirmed loss of 1.2517support and a daily close above that level would negate the bullish outlook opening the way for further retracements and a retest of 1.2450 support level followed by 1.2400.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Potential Bullish Trend Buy SetupPotential Bullish Trend Buy Setup
After Yesterday I realized the New LL on the 4H was a daily Liquidity sweep, missed it completely
With this Trade Setup I'm looking to take potential Buys with the bullish Trend
