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British Pound / U.S. Dollar

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GBPUSD trade ideas

Cautious of a retracement in GBPUSD & EURUSD as DXY is stretchedLooking forward over the next few days, I remain open to the idea of a rally across USD pairs, cleaning out some liquidity above the easy highs. Chasing these lows now would be considered low probability as we find some key support in and around 1.3000 and just below. Trade with cautious at these lows. Swing positions will develop from higher up If this rally in DXY is to be sustained. Market sentiment can change with each data release. For more free ideas check out our weekly newsletter linked in our bio.
Long
by CIFERSTRATEGIES
GBPUSDTHIS ANALYSIS FOR "GBPUSD" ON MULTIPLE TIME FRAME. 💎 GBPUSD FOR NEW WEEK! As we can see now price already make a BUY Structure which is price already breakout Trendline. So what you need to do is just wait price comeback into BUY zone then we entry buy. You can set your SL 30 - 35 Pips with your own risk. My target is 150 - 300 Pips for this mapping. I will updated new mapping time to time if price make new structure. Goodluck !!! If you want more update on GBPUSD. Kindly follow and like. Feel free to comment my outlook and share with your friends. Thanks!
Long
by ShahrulMokhtar_SAM
GBPUSD 4.55:1 ShortThe 1h chart is in a down trend with new LLs being formed. The trade is more of a "risky" trade as I am expecting price to pull up to the 10m entry zone above and explained in a previous post. Why am I taking this trade if it is "risky"? If this trade does lose then the second entry that I have talked about previously is now almost a 10:1 trade and so will cover the loss. GBPUSD is in quite an aggressive downtrend on the higher timeframes and so I view the risk to reward as favourable. The entry is at the 1h down trend extreme.
Short
by DrRoach2
GBP/USD: Three Drives and Butterfly Patterns in PlayGood day Traders, Trust you are doing great. Here is my brief analysis of the GBPUSD pair. Last week, a bullish Three Drives pattern was identified on GBP/USD, completing on October 17th. Following the pattern's completion, the market experienced a brief impulsive move to the upside before retracing back to the support zone. Currently, the market is testing this support level, and a sustained move higher could follow, further validating the typical characteristics of this pattern, often found at the end of a trend or correction. If the support holds, we anticipate a move toward the 1.31026 price region. Additionally, a potential Butterfly pattern appears to be emerging, with its completion also expected around the 1.3146 level. This outlook will be invalidated if the price moves further down and breaks below the 1.29565 level. Cheers and happy trading!!!
Long
by Samuel124
GBPUSD SELL | Idea Trading AnalysisGBPJPY s moving to the upper boundary of the descending channel. The volatility of the movement has decreased. The price has reached the resistance level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
1
GBP/USD Weekly Neutral/Bullish Outlook (21.10 - 25.10)Happy Monday traders :) On Monday, I observed that the Tokyo (Asian session) failed to take out previous day's high and failed to fill in a daily FVG on EU, leaving a lot of sell-side liquidity yet to be taken .. The buyside liquidity I marked was taken out during the American session. For the following week, I expect a continuation/doji on Tuesday, followed by a reversal on Wednesday, taking out the Draw on Liquidity (DOL) marked, for a liquidity grab, to continue higher. However, if buying pressure is not strong enough , we may continue lower. (This is expected fundamentally due to the conflicts happening, which strengthens the USD.) Ideally, I want to see price go for a grab as mentioned, then rally to my DOL mentioned at the start. From there I would want to look for shorts. However, once again, due to fundamentals, if buying pressure is not strong , we may continue lower.
by bobphamm
GBPUSD Trading Opportunity! BUY! My dear friends, My technical analysis for GBPUSD is below: The market is trading on 1.3000 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.3029 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
#GBPUSD 2HGBP/USD 2-Hour Chart Analysis: The GBP/USD 2-hour chart is showing a bullish engulfing pattern at a key support level, indicating a potential reversal and buying opportunity. The bullish engulfing candlestick suggests that buyers have taken control after a period of selling pressure, reinforcing the importance of the support zone. Forecast: - Buy after the confirmation of the bullish engulfing pattern at the support level, signaling a likely upward movement. - The support zone is expected to hold, and the engulfing pattern suggests the beginning of a new bullish trend. - Additional confirmation through volume increase or further bullish price action can strengthen the buy signal. Let me know if you'd like any changes!
Long
by PIPSFIGHTER
DeGRAM | GBPUSD a pullback from the trend lineGBPUSD is moving in an ascending channel between the trend lines. The chart has formed a reversal harmonic pattern. Having reached the level of dynamic resistance, the price sharply went down, which has already happened on the chart for the second time. The pair touched the dynamic support. We expect the continuation of the pullback to the correction level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
4