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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/ USD ! 11/4! Resistance H1 SELL NOW ! not NEWS GBP/USD trend forecast November 4, 2024 The GBP/USD pair rises to around 1.2970 during Monday’s Asian session, aided by a weaker US Dollar (USD). The USD faces pressure after October's soft US Nonfarm Payrolls (NFP) data, supporting the pair's gains. Following a 50 bps rate cut in September that initiated the easing cycle, the US Federal Reserve (Fed) is expected to lower rates by 25 bps in its November meeting, with markets assigning a 97% probability to this move. The Dollar weakens as traders prepare for the US presidential election and the Fed’s rate decision this week. There was no USD and GBP news data at the beginning of the week, the price recovered and hit the H1 resistance, along with the 2nd GAP. DOWN to fill liquidity, stabilize the price trend during the week. /// SELL GBP/USD : zone 1.29970 - 1.30200 SL: 1.30500 TP: 60 - 120 - 200 pips (1.28200) Safe and profitable trading
Short
by Moon-ForexAcademy
6
GBP/USD Short Setup AnalysisGBP/USD Short Setup Analysis Timeframe: 1H Bias: Bearish Overview: This idea focuses on a potential short setup in GBP/USD based on recent structural behavior, supply and demand zones, and a strong bearish bias following a Break of Structure (BoS). Key Analysis: Break of Structure (BoS): We have two clear BoS points on the chart, indicating a shift in market direction as price continues to form lower highs and lower lows. This pattern is reinforcing our bearish outlook. Supply Zone: Price has entered a marked supply zone near the 1.3000 level, highlighted in red. This area represents a high probability for sellers to take control and push the price downward. Stop-loss is placed slightly above this zone (around 1.3005), minimizing risk in case of an unexpected bullish breakout. Demand Zone: The demand zone (highlighted in blue) is positioned below the current price action, around the 1.2845 level. This area is where buyers may step in, making it a key target level for this setup. Entry, Target, and Stop-Loss: Entry: Around the 1.2995 - 1.3000 supply area. 1st Take-Profit (TP): Set around the 1.2920 level for a conservative profit target. Final Target: The final target is located at 1.2845, aligning with the demand zone and potential reversal point. Stop-Loss: Placed at 1.3005, just above the supply zone to ensure controlled risk. Trade Summary: This setup provides a high-risk-reward ratio as it capitalizes on the bearish momentum and market structure shifts. Entering at the supply zone with targets set at key structural levels allows for both a conservative and a more aggressive take-profit approach. Risk Management: As always, use proper risk management. Adjust your position size according to your risk tolerance. Let’s see how the setup unfolds! If this idea aligns with your analysis, please feel free to like or share! Happy trading! #GBPUSD #Forex #SupplyAndDemand #BreakOfStructure #ShortSetup
by iamgenius_
1
GBP/USD Soars to 1.2970 as U.S. Employment Data Weighs on DollarIn the early hours of the London session on Monday, the GBP/USD currency pair has jumped toward the 1.2970 mark, aligning with our previous forecast. The U.S. Dollar (USD) is feeling the pressure from sellers, primarily stemming from disappointing Nonfarm Payrolls (NFP) data released for October, which has provided a boost to the major currency pair. Federal Reserve Rate Cut on the Horizon Following a significant 50 basis points (bps) rate cut in September, which marked the beginning of the Fed's easing cycle, market expectations are now leaning towards a further reduction of 25 bps at the upcoming November meeting. Traders are pricing in this possibility with approximately a 97% probability, contributing to the Greenback's decline as investors brace for the upcoming U.S. presidential election and the Fed's critical interest rate decision later this week. Technical Analysis: Demand Zone Bounce From a technical standpoint, the recent price movement indicates a rebound from our identified demand zone. The setup suggests potential for further upside as it aligns with the broader market sentiment. The latest Commitment of Traders (COT) report supports this outlook, showing no significant changes in trader positioning that would alter the prevailing market dynamics. Preparing for Market Volatility As the U.S. elections approach, traders should be prepared for enhanced volatility in the market. The uncertainty surrounding the election outcomes, coupled with anticipated shifts in U.S. monetary policy, could result in considerable fluctuations across various asset classes. The eventual victor of the election could shape expectations for fiscal strategies, regulatory changes, and economic recovery plans, all of which are likely to influence market sentiment and asset performance in the forthcoming weeks. Conclusion The recent movement of the GBP/USD towards 1.2970 highlights the continued impact of economic data and monetary policy expectations on currency pairs. As the market prepares for significant events this week—the U.S. presidential election and the Federal Reserve’s decision on interest rates—traders must remain vigilant. Understanding the interplay between electoral outcomes and monetary policies will be essential for navigating the potential market turmoil that awaits in the days ahead. Previous Forecast ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
GBP/USD "Cable" Bank Money Heist Plan on Bullish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist GBP/USD "Cable" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 30m timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
Fundamental Market Analysis for November 4, 2024 GBPUSDThe GBP/USD pair saw a notable increase in value on Monday, reaching 1.29700 amid a weaker US dollar in Asian trading hours. The US dollar (USD) continues to face selling pressure following the release of weaker-than-expected US Non-Farm Payrolls (NFP) data for October, which provided some support for the major pair. Following a 50-basis-point cut to rates in September, the US Federal Reserve (Fed) is anticipated to implement a further 25-basis-point reduction in its discount rate at its November meeting. The probability of this outcome is estimated by the markets to be around 97%. The US dollar is experiencing a decline as traders anticipate the US presidential election and the Federal Reserve's interest rate decision this week. Analysts anticipate that Donald Trump's policies on immigration, tax cuts and tariffs will exert upward pressure on inflation, Treasury yields and the US dollar, while Kamala Harris is regarded as a potential successor. "There is a widespread view that a Trump victory would have a positive effect on the US dollar, although many believe that such an outcome has already been priced in," said Chris Weston, an analyst at brokerage Pepperstone. Conversely, the Bank of England (BoE) is expected to reduce interest rates on Thursday, despite predictions that the Labour budget could result in higher inflation in the UK next year. Market sentiment is that the Bank of England will announce its second 25 bp rate cut this year, taking it down to 4.75 per cent. Trading recommendation: We follow the level of 1.30000, if it is fixed above we consider Buy positions, if it bounces back we consider Sell positions.
by Fresh-Forexcast2004
GBPUSD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.3033, which is an overlap resistance. Our take profit will be at 1.2919, an overlap support level. The stop loss will be at 1.3155, an overlap resistance level close to 50% Fibonacci retracement. 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 (www.fxcm.com): 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 www.fxcm.com Stratos Global LLC (www.fxcm.com): 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.
Short
by FXCM
1
GBP/USD Longs from 1.28000 as a retracement. This counter-trend idea comes from the fact that price is currently reacting at an old supply zone. However, if this supply fails, I wouldn’t be surprised to see price move up and take out the trendline liquidity above. Ideally, I’d prefer to wait for price to come down to the demand zones to mitigate before aiming for a move up to capture the liquidity pool. I’ll be watching for signs of Wyckoff accumulation within my points of interest, particularly at the 55-minute or 18-hour demand zones, depending on how price behaves. Confluences for GBP/USD Buys: - Significant trendline liquidity to the upside that could be targeted. - Demand zone has led to a break of structure on the upside. - Price has been heavily bearish and may be due for a pullback. - Several untouched Asian session highs above. P.S. With upcoming news, including NFP and election events, I’ll likely stay on the sidelines unless a very clear setup emerges, and even then, I’ll keep risk minimal.
Long
by Hassan_fx
Bearish reversal off pullback resistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which is a pullback support. Pivot: 1.3022 1st Support: 1.2909 1st Resistance: 1.3105 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
GBPUSD_119 2024.11.04 01:45:04 Trading Signal BUYFrankPro Signal for GBPUSD_119 Type: Screen Signal: BUY TP: 1.30272 SL: 1.2964 Entry Price: 1.29719 Analysis for GBPUSD Forecast Overall(Short-Term, Long-Term): ST= Probably Up LT= Probably Down Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Up LT=Down ST=Up LT=Down Analysis Method(0) Based on the analysis, here are my predictions for the GBP/USD pair: **Short-term (next few days):** * The pair is expected to test the support area near 1.2935, which may lead to a slight decline. * However, the overall forecast suggests an attempt to develop a decline followed by a rebound, indicating a potential short-term bounce. * The US Nonfarm Payrolls (NFP) data for October, scheduled for release later on Friday, may influence the USD's strength and affect the GBP/USD pair. * Given the bearish trend indicated by moving averages, I predict the price to **go down** in the short term, but with a potential rebound. **Long-term (next few weeks/months):** * The pair is expected to rebound upwards, with a target of around 1.3175. * A breakout of the resistance area above 1.3105 would confirm the growth scenario. * The UK's Autumn Forecast Statement and the Office for Business Responsibility's upward revision of inflation forecasts may cap the downside for the Pound Sterling, suggesting less likelihood of interest rate reductions by the Bank of England. * Given the overall forecast and technical analysis, I predict the price to **go up** in the long term. Please note that these predictions are based on the analysis provided and are subject to change based on new market data and events. Result: ST=Down LT=Up Analysis Method(1) Based on the provided data, here is my analysis of the expected price movement for the GBP/USD pair: **Short-term analysis (next few days to a week):** * The formation of a "Triangle" model and the relative strength indicator (RSI) suggest a potential rebound and continued growth towards the level of 1.3175. * The pair is currently trading near the support area of 1.2935, which could lead to a bounce back. * A close above 1.3000 could target resistance at 1.3100 and the 50-day SMA at 1.3139. * Therefore, in the short-term, the price is expected to **go up** towards the 1.3175 level. **Long-term analysis (month of November and end of 2024):** * The monthly forecast for November 2024 suggests a decline in the GBP/USD rate, with an average forecast of 1.273 and a predicted rate of 1.269 at the end of the month. * Analysts at WalletInvestor project a bearish trend for the GBP/USD pair, with the rate expected to decline from 1.321 to 1.309 by the end of 2024. * However, the forecast for November from LongForecast suggests a high exchange rate of 1.306, which is higher than the current trading level. * Considering the mixed forecasts, in the long-term, the price is expected to **stay the same** or experience a slight **decline**. Please note that these analyses are based on the provided data and should not be considered as investment advice. The foreign exchange market is highly volatile, and prices can change rapidly due to various market and economic factors. Result: ST=Up LT=Down Analysis Method(2) **Short-Term Analysis (Next few days to a week)** Based on the provided data, the short-term forecast for the GBP/USD pair is slightly bullish. The pair is expected to test the support area near 1.2935 and then rebound, continuing its growth towards 1.3175. The technical analysis also suggests a potential rebound from the support line, and a close above 1.3000 could target resistance at 1.3100 and the 50-day SMA at 1.3139. However, a close below 1.2971 could lead to further downside risk. **Expected Price Movement (Short-Term): UP** **Long-Term Analysis (Next few months to a year)** The long-term forecast for the GBP/USD pair is mixed and uncertain. WalletInvestor predicts a bearish trend, with a decline to 1.309 by the end of 2024 and further to 1.278 in 2025. On the other hand, LongForecast suggests significant fluctuations in 2025, with a range between 1.336 and 1.437. However, the overall trend is expected to be volatile and uncertain. **Expected Price Movement (Long-Term): UNCERTAIN (BOTH UP AND DOWN POSSIBLE)** Result: ST=Up LT=Down
Long
by frankiepro
Quick Short Thought ProcessSoooo Same As Last Week I Will Be Watching My 3. A/U, G/U, And U/J... While Checking For Movement After A Nice Nap . I Notice A Bit Of A Gap In A/U And G/U That May Have Happened When I Logged Off To End My Week.. But Im Currently In A Short On G/U, My Second Trade Of The Day I Entered At 1.295600 For This One About 2 Pips In Profit But 8 Pips On G/U Total.. Im Almost Positive That It Will Start To Go Back Up Soon Just Because The Markets Does That Sometimes... (Actually Shot Up As Im Writing This Post) But I Think That Both G/U And A/U Will Take The Time To Close Those Gaps Today And Maybe Tomorrow So Thats What Im Counting On For Today. I Wil l Continue To Watch My Screeners Just In Case Tho. Sometime Tonight I Want To Try A Few U/J Calls And See Where That Gets Me. Once I Re-establish My Highs And Lows I Will Post A Screenshot With My Next Plans For Any Feedback Is Appreciated .
by imelaninn
GBP/USD: PAT + VPA 11/02/2024Good morning, The GBP/USD currency pair continues to exhibit characteristics indicative of a sustained bearish trend, currently favoring the U.S. Dollar. Several analytical indicators support this assessment: 1. The weekly chart for GBP/USD has been in a downward trajectory since September 30, 2024. Candlestick patterns suggest that "Market Makers" are gradually entering the market, purchasing at lower price levels. The weekly low is established at 1.26650, with a demand zone identified between 1.26650 and 1.2815. 2. On the daily chart, GBP/USD appears to be approaching a support level at 1.28168, coinciding with an untapped supply zone in that vicinity. 3. Since September 30, 2024, the market has experienced a decline of approximately 600 points, characterized by minimal daily pullbacks. This downward movement occurred following the formation of a new weekly high. I project that prices will descend to the 1.28168 level, where support may be found on the daily chart. This area could serve as a critical juncture for a potential pullback. Should the 1.28168 level hold, targets may extend to 1.132, representing the last significant low breached prior to the bearish trend that commenced on September 30, 2024, and continues to the present date of November 2, 2024. Volume analysis indicates that market makers are incrementally entering long positions, although they are not yet prepared to fully influence the market direction. The overarching weekly outlook remains bearish, yet a corrective pullback appears necessary. OANDA:GBPUSD TVC:DXY ThePipAssassin
by ThePipAssassin
GBP/USDFull Analysis of the GBP/USD Pair 1. Ascending Trend Line on the Daily Time Frame The ascending trend line on the daily time frame shows a clear positive trend. This line is a strong indicator of upward momentum, reinforcing confidence in the possibility of the trend continuing. 2. Strong Demand Areas Strong demand areas have been identified on the chart, representing potential buying zones. If the price bounces from these areas, we may witness strong buying pressure that supports the upward movement. 3. Appearance of a Harmonic Pattern The presence of a harmonic pattern supports the upward movement and indicates good buyin opportunities. 4. Overbought Conditions in RSI and MACD The overbought conditions in the RSI and MACD suggest a potential reversal. If the RSI is near the 30 level (oversold) and the MACD shows divergence, this may be a signal to look for buying opportunities. Summary Based on the analysis mentioned, it is recommended to look for buying opportunities at the specified support levels. 📈✨ It is always important to set clear stop-loss points and manage risk carefully to ensure capital protection. 🚀💰
Long
by ShakerTrading
GBPUSD - INTRADAY IDEAThis GBPUSD chart is according to the M30 timeframe - STOPLOSS ABOVE SWING HIGH AND TILL SWING LOW Execute the price at the exact price mentioned, NO FOMO. 💡KEEP IN MIND💡 I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market. 🚀Follow, I will drop daily 2-5 Intraday Charts🚀 Execute the price at the exact price mentioned, NO FOMO. 💡KEEP IN MIND💡 I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market. 🚀Follow, I will drop daily 2-5 Intraday Charts🚀
Short
by abdulmoizboy
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 :-)
Long
by ShahedZare