GBPUSD trade ideas
The UK's £40 Billion Budget: What Does it Mean For GBP Traders?For traders following GBP/USD and GBP/EUR, today’s UK budget rollout might be impactful. The Labour government’s plan introduces a £40 billion tax increase and invests in infrastructure—moves that could shape the pound’s trajectory. While the fiscal measures aim to strengthen public finances, they may exert near-term pressure on GBP, potentially affecting growth rates. Watching these shifts will be key for traders.
GBP/USD Potential
Historically, GBP/USD has been sensitive to fiscal news, and today’s budget may stir some extra volatility. Currently, GBP/USD sits around key support at 1.30—a level it’s held onto in recent dips. Should today’s announcements apply downside pressure, GBP/USD could test support around 1.28, with 1.25 being the next significant marker. On the upside, if the market views these tax increases as beneficial for stability, the pair might target 1.3150 resistance. Strong consumer or growth data could provide further support toward this level, but breaking above it may require more robust economic updates.
GBP/EUR Potential
With GBP/EUR, there’s a bit of a balancing act at play. While tax hikes could weigh on GBP, ongoing eurozone challenges might stabilise the pair. GBP/EUR remains in a defined range, with support around 1.14 and resistance at 1.16. Any shifts in ECB policy—especially if hawkish—could nudge the euro higher, influencing the pair’s movement.
Macro & Technical Balancing Act
On a broader scale, the Bank of England’s rate path will be essential here. If rates rise to keep inflation in check, this could add support for GBP. However, tax hikes could dampen consumer demand, potentially easing pressure on the BoE for further rate hikes in the short term.
In summary, today’s budget introduces potential volatility for GBP/USD and GBP/EUR. Watching 1.28 or 1.3150 on GBP/USD, and the range in GBP/EUR, will provide useful signals. With both the BoE and ECB in play, staying tuned to macro updates and watching price action around key levels could help traders stay ahead.
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30-10 ProbelegGBPUSD 30-10: Just like the EUR, the trend is also changing for the cable. Our alert system shows a different picture outside the trend change, namely a Score of -3 consisting of: Cot Data -2, Retail sentiment 0, Seasonality -1, Trend reading -2, GDP 1, Manufacturing PMI 0, Services PMI 0, Retail Sales 0, Inflation 0, Employment Change 0, Unemployment Rate 1, Interest Rates 0. Nevertheless, we are setting a buy range to follow the trend
GU trade over 49 pips With liquidity being pulled and significant Euro and US news on the horizon, it's definitely a time to tread lightly. The uncertainty surrounding the US elections and the upcoming NFP report can lead to increased volatility. It might be wise to limit trading activity this week and wait for clearer signals once the events have passed. Staying cautious is a smart approach!
GBPUSD 10:1 ShortStill confident in previous idea just feel like I went too early. Change of character to the downside on 4h.
GBP/USD +50 Pips 0 Drawdown , New Important Update Now !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD WILL BE FALLING SOON BE READY TO SHORTHello Trader, What do you think about GBPUSD ? price has reached level of resistance 1.29811 and is likely to move to a psychological level of 1.30000 before falling so trader should go for SHORT and target profit around support psychological level. Remember to like and share your thought in the comment!.
GBPUSD longs for NY session oct 30 NY session
GU longs
liquidated below nicely from London session
NY longs, great run of liquidity upside will occur
GbpUsd Trade IdeaI published a GU short idea not too long ago and spoke about how at the time price was at a higher time frame LH. Price respected the level once where the original shorts took place but now price has broken and retested above the higher time frame LH giving me an opportunity to go long on the pair for a 1:3rr. Bearish structures are now broken with lower time frames to confirm the change of direction. We'll see how this set up plays out.
GBPUSD possible Bullish in the short termGBPUSD may be Bullish in the short term if the price finds support at the 1.2950-1.2980 zone and forms a bullish reversal pattern, a potential bounce could target the 1.3020 resistance level.
For long positions, waiting for a confirmed reversal signal, and a bullish divergence on the MACD.
GBPUSD Optimal Set upkung ano man una mabasag nya na key level (conso Area)
after nya magkaroon ng breakout kukuha na sya ng liquidity from 1.2935 which is my Long entry area.
But for short term trade, 1.301 to reach to the long entry
GBPUSD Bearish 1 Hour Divergence.1. Market Analysis:
Asset: GBPUSD
Timeframe: 1-hour
Pattern: Bearish divergence
2. Divergence Details:
Bearish Divergence: A bearish divergence occurs when the price forms higher highs, but the oscillator (like RSI or MACD) forms lower highs. This suggests that buying momentum is weakening, and a downward reversal might be on the horizon.
3. Trade Setup:
Entry Point: Consider entering a short position if a bearish candlestick pattern forms after the divergence confirmation on the 1-hour chart. Look for strong confirmation like a bearish engulfing or shooting star pattern.
Stop-Loss: Place the stop-loss above the recent swing high on the 1-hour chart to manage risk. This positioning protects against an unexpected upward move.
Take-Profit: Identify key support levels for take-profit targets, aiming for a 1:2 risk-reward ratio. Target areas could include previous support zones or Fibonacci retracement levels.
4. Risk Management:
Position Size: Calculate your position size based on your risk tolerance and the stop-loss distance. Typically, risk only a small percentage of your capital (e.g., 1-2%) on this trade.
Risk-Reward Ratio: Aim for at least a 1:2 risk-reward ratio, meaning that your take-profit target is at least twice the distance of your stop-loss.
5. Additional Confirmation:
Volume Analysis: Check if there is a decrease in volume as the price reaches higher highs. This can add weight to the bearish divergence setup.
Support and Resistance Levels: Ensure the trade setup aligns with strong support and resistance zones for additional confirmation.
6. Trade Execution:
Place Orders: Set your sell order, stop-loss, and take-profit levels based on the criteria above.
Monitor the Trade: Keep an eye on the trade and adjust the stop-loss to break even or trail it if the price moves in your favor.
7. Review and Adjust:
Post-Trade Analysis: After the trade closes, review the outcome to understand what worked well and any areas for improvement in future trades.
GBPUSDCurrent market conditions show trend continuation signals across multiple timeframes, with key levels identified for potential entries and targets.
GBPUSD / M15 / SHORTGBPUSD may fall from the Bearish Order Block
Bearish Order Block: 1.29795 and 1.29748
GBPUSD may see a downward movement from the bearish order block, with a high probability of a price drop. I have utilized Smart Money Concepts (SMC) for chart analysis, known for its high accuracy rate. Let's observe how the price responds at this level.
GBPUSD / M15 / SHORT
LOT :- 0.1
Entry Price :-1.29765
Stop Loss :-1.29945
Take Profit :-1.29585
GBPUSDIs GBPUSD exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.2900.
What you guys think of it?
GBPUSD bullish correction the GBPUSD is bearish meanwhile I expect the market to correct upwards to some fibo levelasI explained in the video
GBPUSD Ready to FLYhigher time frame inverse head and shoulders pattern neckline has been broken.
Break and retest of trend line on the 15 min ... entered for 3:1 R/R
Targeting 100+ pips
UK Budget Upcoming | GBP Sink Or Swim?This upcoming budget could have a large impact on UK markets and the GBP.
Lots to talk about and discuss, as well as charting to be done.
GBPUSD Ready for a breakthroughHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD Buy Opportunity from SupportGBPUSD recently broke below its previous support level, yet it has formed an inverse head and shoulders pattern near the psychological level of 1.3000. This level has shown resilience as the market decelerated while approaching it, forming a bullish divergence that strengthens the case for a rebound. The price has also bounced off the channel boundary and has now closed above the 1.3000 mark, showing higher lows, indicating building bullish momentum. Additionally, with the DXY forming a triple top at its resistance zone, there’s potential for a downward correction in the dollar, which could further support a GBPUSD rally. The target is the resistance zone around 1.3110
GBPUSD Next Week TradesThese are the three trades that I will be looking to take next week.
Trade #1
2.93:1 short trade to 1h demand zone.
Price has aggresively rejected from the 4h LH and has also formed relative equal highs (this is important for the third and final trade). I am expecting price to push down to the 1h POI (trade #2) which is also below equal lows. If price pulls back up into the 1h POI then I will look for a short entry on the lower time frames.
Trade #2
3.8:1 long trade to 1h POI above relative equal highs.
The relative equal highs mean that above them is liquidity. I am expecting price to push up above these highs to then carry on moving down. I will look for long entries on the lower time frames after price has reached this zone.
Trade #3
9.32:1 short to daily POI
This is the main trade of the week. I expect price to carry on with its down trend until it reaches the daily POI (target). If price sweeps the relative equal highs and enters this zone I will look for short entry opportunities to continue with the higher time frame trends.
These three trades equal 16.05% potential returns. Like this post and follow to keep updated throughout next weeks trading.
GBPUSD - 4hrs ( Buy Trade Target range 150 PIP ) 🟢 Pair Name :GBP/USD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Short )
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Bullish Break
1.30000 Area
Reasons
- Major Turn level
- Visible range Hvn
- Major Choch Zone
- Channel Break Out
- Fibo Golden
Bearish Reversal
1.31500 Area
Reasons
- Major Turn level
- Visible Range Lvn
- Major Channel Middle line
- Year High Area
- Key level / Quarters Zone
