buy on GBPUSDGBPUSD been in an uptrend for a while, so now we engulf , so the engulfing candle is why i entered the trade . i am positive, lets milk , Longby jamesantiah1
GBPUSD TRADE IDEA / DAY TRADE / LONGThis is trade idea for GBPUSD Day Trade -Buy around 5m FVG according to the confirmation that will occur. -Price above BSLQ Asian KZ -Possible bullish price movement towards the resistance. -Risk Reward 1:2.5Longby SGTRADERS_IDUpdated 1
GPB/USD continues the downtrendOn GBP/USD , it's nice to see a strong sell-off from the price of 1.30045 and 1.30210. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area are my main reasons for this short trade. Happy trading, Daleby Trader_Dale1
GBPUSD inverted head and shoulder patternIntraday Update: The GBPUSD is setting up an inverted head and shoulder pattern in a descending channel. A break of 1.3000 would be bullish. Longby ForexAnalytixPipczar1
GBPUSD Sell UpdateI took the GBPUSD after the rejection. Example on how to take after rejection on the candle stick. This will help you to avoid losing trade and get a better entry. Refer back my previous analysis in GBPUSD. Shortby tradingwith_ryann3
GBPUSD switching trends On GBPUSD we still in a bullish trend but anytime things can swicth up as we are wrapping the month and in NFP week , we expect the dollar to weaken abit this will push XXXUSD pairs up , but lets just wait and see how things unfoldby Bevinates072
GBPUSD entry analysisGBPUSD Analysis After outperforming its rivals in the first half of the week, the US Dollar (USD) lost some of its strength on Thursday, with the US Dollar Index down 0.4%. The positive shift in risk sentiment made it difficult for the USD to find demand, while falling US Treasury yields further weighed on the currency. The September Durable Goods Orders and the October University of Michigan (UoM) Consumer Sentiment Index will be on the US economic calendar on Friday. The UoM data is unlikely to cause a reaction as it will be a revision. If Durable Goods Orders unexpectedly rise, the initial reaction could support the USD. On the other hand, a worse-than-expected reading of -1% could hurt the currency and allow GBP/USD to move higher towards the end of the week. Meanwhile, US stock futures were last up 0.1% to 0.2%. A bullish open on Wall Street could attract risk-on money and weaken the USD further in the second half of the day. Technical Analysis GBPUSD BUY entry is set around the current price zone with a Fibonacci retracement of 0.618. The current price zone is expected to capture the end of wave 2 and form a breakout point for wave 3 according to the Elliot wave pattern. Wish you a successful trading day.Longby TVS-Trader2
GBPUSD BUY STOP ORDER!!!!!!!!GBPUSD have been moving and respecting the liquidity zones and picturing the falling wedge pattern am looking forward to see GBPUSD price take out the previous HL for a buying opportunity entry so am keeping limit buy stop order at 1.3000 hoping to get automatic entry from there......... Lets know your take on this...........Longby CAPTAINFX21
GBPUSD M15 Impulse Up.As explained in detail in the free weekly outlooks , check it out for the complete picture! M15 looking for 5 up. Looking for buy setups against the invalidation point on the lower timeframes, targets on the chart. Good luck and trade safe! Thanks for taking a look and if you like this idea hit the thumbs up to show your appreciation for this free analysis. Thank's to all the traders in advance that hit the thumbs for your support. Enjoy!Longby Boon25
28 Oct -1 Nov GBPUSD IdeaMore confluence for Long on GBP compere with EURUSD. Anyway need additional confirmation base on character of London OpeningLong04:46by azim_dev0
Fundamental Market Analysis for October 28, 2024 GBPUSDThe GBP/USD pair started the new week on a weaker note and is trading around 1.29600-1.29550. Spot prices, however, remain within striking distance of the lowest level since August 16, near 1.29000 reached last week, and appear vulnerable to an extension of the month-long downtrend amid a bullish US Dollar (USD). On Friday, the U.S. Census Bureau reported that U.S. Durable Goods Orders fell 0.8% in September, which was slightly better than expectations of a 1% decline. Additional details of the report showed that new orders excluding transportation costs rose 0.4% in the reporting month. In addition, the University of Michigan's consumer sentiment index hit a six-month high of 70.5 in October, which was better than both the preliminary result and the previous month's reading. This data supports the view that the Fed will continue to moderate rate cuts throughout the year, which in turn triggers a new rise in US Treasury yields and continues to support the dollar. The British Pound (GBP), on the other hand, is weakened by rising bets on further interest rate cuts by the Bank of England (BoE) in November and December, backed by a drop in the UK Consumer Price Index to its lowest level since April 2021 and below the central bank's 2% target. The aforementioned fundamental backdrop suggests that the path of least resistance for the GBP/USD pair lies to the downside. Even from a technical perspective, recent repeated failures near the psychological 1.30000 mark support the prospects of a continued decline from the 1.34350 area, or the highest level since February 2022, reached last month. Trading recommendation: Trade predominantly with Sell orders from the current price level.Shortby Fresh-Forexcast20041
Read the GBPUSD MarketLet's Look at GBPUSD Chart and make some Decisions for this Week, Good Luck With Your Trades <306:59by FXSGNLS1
GU Can go either way! We need more data before we have a direction this week. The dollar is definitely bullish for the most part so being patient and waiting for a good sale entry might be the best bet. 01:58by DWoodz1
Bearish drop?GBP/USD has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.3000 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Stop loss: 1.3071 Why we like it: There is a pullback resistance level. Take profit: 1.2872 Why we like it: There is a pullback support level that aligns with the 127.2% Fibonacci extension. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.Shortby VantageMarkets11
GBPUSD Week 44 Swing ZonesSmooth week 43 price action for 60pp Week 44 SZ are set. In between however, recalculated levels can be produced based on price action.by PinchPips1
GBPUSD💡The GBP/USD pair is moving within a descending price channel on the 4-hour frame, indicating a general bearish bias. Specific levels (R.1 for resistance and S.1 and S.2 for support) can offer trading opportunities. Buying may be appropriate when approaching support areas, while selling may be appropriate when approaching resistance areas. Monitoring the pivot point (P.P) area is important, as it may determine if there is a reversal in the trend. ⛔️Not investment advice, for educational purposes onlyby Adhamcurrency2
GBPUSD💡The GBP/USD pair is moving within a descending price channel on the 4-hour frame, indicating a general bearish bias. Specific levels (R.1 for resistance and S.1 and S.2 for support) can offer trading opportunities. Buying may be appropriate when approaching support areas, while selling may be appropriate when approaching resistance areas. Monitoring the pivot point (P.P) area is important, as it may determine if there is a reversal in the trend. ⛔️Not investment advice, for educational purposes onlyby Adhamcurrency1
1.285 target Technical Analysis: GBP/USD has shown resistance near the 1.30 level in recent trading sessions, which has consistently acted as a barrier against upward movements. With current downward momentum, the next significant support level is at 1.285, a zone that has previously held when GBP has faced similar selling pressure. This makes 1.285 a viable target for downward movement if resistance at 1.30 remains unbroken Market Sentiment and Fundamentals: The U.S. dollar is currently strong due to robust U.S. economic indicators, particularly employment and inflation resilience, which support the USD’s position relative to GBP. Additionally, as the Bank of England maintains a cautious stance on further rate hikes, the GBP lacks sufficient bullish drivers, making a pullback toward 1.285 likely if USD momentum persists Expected Economic Data Impact: Upcoming U.S. data could reinforce dollar strength if it aligns with recent trends. This expectation for continued dollar demand supports a bearish view on GBP/USD and aligns with 1.285 as a feasible target within the week.Shortby cervicekkarel0
GBPUSD IDEAThe resistance retest ended with a bearish bar. The price is likely to head towards 1.29131 Further rebound is possible before further decline. Shortby FOREXRSMV0
GBPUSD- SHORT Bearish Indicator : 1- Series of LH and LL 2- Formation of Bearish Engulfing Candle Entry Price - 1.29529 SL - 1.3009 TP1 - 1.29037 TP2 - 1.28541Shortby hmuhammadumer950
GbpusdGbpusd near good support . Forcast that will start to grow to levels 1.30205 1.32000 1.34000Longby Egyqat20222
STRONG DOLLAR I see the price is interested in the low below,market 1week institutions zone where many sell stop orders are going to be AMD Shortby Diaz_Epics1