Buy gbpusdCurrently trading in a strong buy trend and
Almost completed its bearish coreection
Daily oversold pair
Just wait for confirmation and then enter in buy tradr
GBPUSD trade ideas
GBPUSD Swing Analysis (20-25/10/2024)Hello Traders.
Following last week trade forecast:
1.GBPUSD is still bullish for me long term. Price will take some time to form our expected setup.
2. On this timeframe i have highlighted the range the market has been trading within after bearish BOS. Price did not see a stronger bullish run after high impact news on Friday but instead price remained trading between the Wednesday High and Low.
3. I have used those high and low to highlight the range the price is within and applied by FIB set up to get the premium sell Entry with the stop loss just above the previous strong High.
Note: For me this is a B+ setup since it is counter trend trading. therefore we should be mindful with the risk at hand. Price can invalidate our set up by pushing above the strong high.
GBPUSD SETUPOn GBPUSD we still look forward to more potential sells to come , as long as its below the top yellow zone me might still expect further dips probably until next month after the us elections
GBPUSD SETUPOn GBPUSD we still look forward to more potential sells to come , as long as its below the top yellow zone me might still expect further dips probably until next month after the us elections
Buying Opportunity for GBP/USD: Potential Entry at 1.3040The GBP/USD pair is currently trading at 1.3062, presenting a good buying opportunity during a potential correction.
Trading Strategy:
Entry Point: 1.3040 (Buy at Fibonacci retracement level)
Stop Loss: 1.3000 (Below key psychological support)
Take Profit: 1.3100 (Targeting the nearby resistance level)
Technical Analysis:
RSI Indicator: Shows neutral momentum, suggesting a possible bounce.
MACD: Reflects positive momentum as the price approaches the support area.
Moving Averages (SMA 50 and 200): Support the bullish trend.
Fundamental Analysis:
Monitor U.S. economic data, particularly the jobs report, as it may influence the overall direction of the pair.
Pay attention to any geopolitical developments that may affect the British pound.
This trade aims to capitalize on the upcoming price movement. Please ensure to follow news and economic data related to both the British pound and the U.S. dollar for informed decision-making.
Im looking for buy setups.I want to share with you guys my view on Gbp-usd because it is forming a very interesting structure. Trade with care!
Pre-market analysis on GbpusdThe overall market condition is an uptrend. Market retraced to the Daily support level and respected it. Broke the H4 resistance. Wait for a reset of the 4H resistance to turn support. Those whose enter base on a confirmation can wait for a confirmation. Those who don't wait for confirmation should set a buy limit order.
GBPUSD - Bullish Divergence - First HH After Bearish RallyFX:GBPUSD has formed the first HH on 1 hour chart after experiencing a bearish rally. Bullish divergence is also present on the chart indicating potential bullish momentum in the upcoming days! Additionally, after forming the HH price found support at 0.5 fib level to support the bullish bias!
Thinking about buying till previous HighHi
As I can see price is in its positive structure in higher timeframe and now it's on its weekly demand as well on static level means I can think about till previous high break at least.
Well, entry on this trade is subject to the confirmation in lower timeframes that is 1H or less.
Thanks
Documenting my journey. I'm not a professional. This is not a financial advice. This is my personal analysis.
Analysis of GBP/USDThis is my setup on the daily timeframe from last week.
The setup is no longer valid, as there is a possibility that the price will continue in a downtrend if the Dollar maintains its bullish momentum.
I will definitely wait for the market to open on Monday to see how the price will guide me in terms of trading.
We shouldn't make assumptions about what will happen, but rather do our analysis and let the price show us what it intends to do. Based on that, we can open positions accordingly.
GBPUSD DOUBLE MOVE GBPSUSD has formed left shoulder and head and most likely form right shoulder afterwards we will see bearish move.
GBPUSD BUY ANALYSIS Here on Gbpusd price has made a support around 1.29835 then is like to reverse since there many rejection so trader should go for LONG and expect a profit target of 1.30121 , 1.30401 and 1.30734 . Use money managemnt
HOW TO TRADE GBPUSD AND MAKE BIG PROFIT Here on this video i show you how i trade gbpusd using rejection . There are 3 rejections that form support and with that gave decision to enter the market with small stoploss and big profit.
SasanSeifi| Key Levels to Watch in the Daily Timeframe!Hey there, ✌ FX:GBPUSD In the daily timeframe, as evident from the chart, after a bullish move, the price has struggled to break above the 1.34 level and, following a period of consolidation, has faced a downward trend. Currently, the price is trading around 1.30. The overall trend suggests a bearish outlook, and it’s expected that if the price breaks below the 1.30 level and confirms this breakdown, we could see it heading towards the target of 1.29500.
After this move, the price may enter a range-bound or minor consolidation phase before dropping further to the 1.28500 area and the demand zone around 1.28.
Alternatively, another scenario is possible where if the 1.30 level holds, and we observe confirmations in lower timeframes, the price could rise towards the FVG zone between 1.30200 to 1.32700 and potentially up to 1.33. In this scenario, after a slight rally and pullback, the price might return to the 1.30 and 1.29500 levels.
It’s crucial to closely monitor the price’s reaction to these levels for better insight into future movements.
This analysis is based on personal opinion and is not financial advice. Always conduct your own research before making any investment decisions. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
GBP/USD: Potential Short Opportunity at ResistanceOn the 4-hour time frame, GBP/USD has recently experienced a strong breakout through a key support level, which has now turned into resistance. I expect that when the price returns to this resistance zone, sellers could re-enter the market, causing a potential rejection. This could present an ideal shorting opportunity if the price gets rejected at the resistance level. Keep a close eye on this area for a possible short setup.
GBPUSD TRADE SETUPPair: GBPUSD
✔ Classic Bearish formation
GBPUSD is holding continuous down Trend so after market retracement I can take sell entry. If your analysis matches it take a trade otherwise skip the trade.
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GBPUSD - Bear TrapThe last 3 days of the prior week are of interest.
Wednesday - we see price break the prior swing low of 1.30020. Technically a confirmed close Break of Structure. This change in character of a lower low, shifts the minds of traders to a potential change in trend. This may encourage the shorts.
Thursday/Friday - we see 2 inside bullish bars as price is supported and closes above the prior swing low close.
This price action on the surface looks to a bear trap, in the context of the current Uptrend.
If this is the scenario, then the Smart Money are simply accumulating before the next push up towards 1.3500.
GBP/USD The BOE's Decisions and Their Potential Impact GBP/USD: The Role of the BOE and its Influence on Market Movements
The Bank of England (BOE) is poised to maintain its current interest rate at 5.0% in Thursday’s policy meeting, as the UK's annual inflation rate held steady at 2.2% in August. With this upcoming BOE announcement, significant volatility is expected across GBP currency pairs.
Market consensus suggests that the BOE will hold rates steady at 5%, following a 25 basis point cut in August that lowered the rate from 5.25% to 5.0%.
BOE’s Impact on GBP/USD
Should the BOE keep rates unchanged, this will likely be interpreted as a hawkish stance, potentially driving GBP/USD higher in a continued bullish trend. In this scenario, the currency pair could rise towards the 1.3400-1.3500 range.
Conversely, if the BOE surprises with a rate cut, we may witness a bearish reversal, with GBP/USD potentially falling to the 1.3000 level.
As it stands, GBP/USD is maintaining its upward momentum, but all eyes are on the BOE decision to dictate the next major price move. Expect sharp market reactions post-announcement.
GBPUSD ScenariosToday, we will analyze GBPUSD
Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section.
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
GBPUSD Textbook trendline,
USD employment figures came out extremely positive on Friday,
Imbalances that have a protentional correction pending,
Expect some further decline for the GBPUSD
