GBPUSD TRADE SETUPWait for retest the key level then take a trade for Sell otherwise skip this setup guys
GBPUSD trade ideas
THIS WEEK 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 1hSL 1.2557
TP 1.2305
R:R 1:4
Wait for the price to enter the supply zone to open the sell.
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as DXY is in strong bullish trend GBPUSD will be bearishit can be seen that support that had been intact for more than 1.5 years has been violated with a big red candle, which suggests that the pair will continue to be bearish. However, the Dollar is in an uptrend which is a major confluence of the continuation of a bearish rally. Short setups can be found on shorter TFs with higher RR considering the yellow line to be the next target that will be hit which is 1.18323
BEARISHNESS GBPUSD (WEEK 5TH TO 10TH JAN'2025) AND WHY Using the monthly, I am expending bearishness, and the reason is this:. ALL BASED ON PURELY PRICE ACTION.
Buy gbpusdStrong buy area
Billish correction expected
Completed its bearish wave
Minimum target of 500 pips
GBPUSD (short)GBPUSD broke W tl now wait ofr suppply zone to hit and enter @ your own risk with your own confirmations
GBPUSD levels GBPUSD key levels to look for position but still pound looks weak because as per uk data came up last year it was weak only USD negative news can make pound stronger depend hows NFP will be released.
GBPUSD analysis week 1🌐Fundamental Analysis
UK macroeconomic and consumer credit data earlier in the week came in below expectations, but received little attention. Meanwhile, the US business survey kept investors optimistic, with the ISM manufacturing PMI hitting a nine-month high, albeit below forecasts, suggesting a slowdown in manufacturing inflation and continued job cuts.
There is little major economic data coming from the UK next week. The US is closed for a holiday on Thursday, and the first non-farm payrolls (NFP) report of 2025 will be released on Friday.
🕯Technical Analysis
GBPUSD has recovered from 1.263 and is heading towards the key resistance level of 1.248. The 1.248 area is a confluence of EMAs, trendlines and an area where the bears have a complete advantage over the buyers. The 1.260 area will be the weekly resistance area on any breakout above 1.248. On the other side, the area accepted by the buyers last week at 1.236 becomes the immediate support area for the pair. The main support area for next week is around 1.222 on a breakout above the temporary support area.
📈📉Trading Signals
BUY GBPUSD 1.222-1.220 SL 1.218
SELL GBPUSD 1.248-1.250 SL 1.252
GBP/USD - Buying this currency pair this week or maybe Selling GBP/USD
Entry: Around 1.2400 (buy near support).
Stop Loss: Below 1.2360.
Take Profit: 1.2560.
Alternative (sell setup):
Entry: Below 1.2380 (sell if support breaks).
Stop Loss: Above 1.2420.
Take Profit: 1.2250.
GBPUSD Sell Setup- Daily: FVG Identification
- H4: FVG Identification
- H1: Entry Signal
1. Fair Value Gap (FVG):
On the H4 chart noted a Fair Value Gap (FVG) between 1.2700 - 1.2715
On the Daily chart also note FVG between 1.2680- 1.2712
2. Trend Confirmation:
Price has break consolidation support at 1.2715.
Price has rise back to Daily FVG area.
Price has touched H$ FVG area.
3. Position:
Entry: 1.2685
Stop Loss : 1.2725
Take Profit: 1.2500 (fibo 161.8 & previous low)
RRR : 1:4.6
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Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
BECOMING PROFITABLE (PART 1)Hi Guys,
I have provided an explanation on how to become profitable by repeating the same process, over and over again.
Decide the candle you intend to trade before coming to the charts to frame your trade.
Am I trading the daily candle today or the weekly candle this week or a 4H candle
That helps to clear out the noise in the market and you dont need to know the bias of the day or week, you just trade what the week presents.
Lemme sum it all up here.
Step 1: identify the candle you intend to trade.
step 2: Identify the PO3 of that particular candle (OHLC or OLHC)
Step 3: the high or low must be into a key level and must sweep liquidity
step 4: Find a lower time frame entry to correspond to that move you just identified.
step 5: Target 1:3RR or more
GBPUSD Potential DownsidesHey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.24600 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.24600 support and resistance area.
Trade safe, Joe.
GBPUSD, What will happen in upcoming weeks ?Hello Traders, Happy new year in advance, I Hope you have a great year ahead with your family.
let's go for GBPUSD analysis:
for upcoming weeks, we'll probably see an upward correction to Specified level at first and then it will start another fall. so with a proper trigger we can open a short position.
And finally tell me what do you think ? UP or DOWN ? leave your comment below this post.
If this post was helpful to you, please like it and share it with your friend.
THANKS.
GBPUSD - ANALYSISHello, everyone! I hope you're all doing well. Today, I want to share my personal view on the Pound with you.Let me share my outlook on GBPUSD with you.
Based on what I’m seeing on the chart, I expect GBPUSD to rise toward the 1.2500 zone. Once it reaches that level, if it shows signs of trend weakness, I anticipate a further drop to the 1.2175 zone.
However, if GBPUSD breaks above the 1.2607 level on the 1H timeframe, I expect it to experience a much bigger rally from there!
Trade safe
GBPUSD Small bullish trendIam expecting GU to collect the liquidity and keep going upward. The overall trend is bearish but this is a small bullish move
Bearish Flag Pattern bearish flag pattern emmerged in gbpusd lets wait for breakout on monday it will fall down according our analysis and our target is to get 200 to 300 pips dont be greedy its just analysis not a financial advice trade at your on risk
Best regards Albert 😀
2000 Pips Projection for 2025This is a summary of the markets I'll be looking to Trade in the early days of the Year.
USOIL
GBPUSD
XAUUSD
EURAUD
No Entry is Defined on The Swings yet, But you can take advantage of the Reentry positions on EURAUD with minimal Risk.
Happy New Year
Patience is the way! Ieios
GBP/USD Nears 1-Year Low, Reversal PotentialHello,
FX:GBPUSD has reached a new 6-month low at 1.235235 and is now nearing the 1-year low at 1.22993. If the current level fails to hold, a test of the 1-year low seems imminent. A confirmed break and close below the 1-year low would likely signal further downside momentum.
Despite growing confidence that the 6-month low might mark the bottom, bullish confirmation would require a break and close above the 1-day pivot point (1D PP). Beyond that, a sustained break and close above 1.247902 would provide a solid foundation for a potential reversal.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
GBPUSD weekly biasPrice is rejecting Previous week (April's Poi) level 1.23654 nicely.
So for next week , I'll be BULLISH , I'm anticipating upward movement to 1.27360 then observe what happens at that zone for either a reversal or bullish continuation.
GBPUSD Sell IdeaFX:GBPUSD
Howdy All,
I strictly trade technical analysis! Here's is the current set up I'm waiting for. I'm looking for some re-tracement before entering for a sell . As always I'll wait for price to reach the area of my Fair Value Gap and see how it reacts. Ideally, price will begin to wick and show rejection around 1.245 area before I'm comfortable selling.
I'm seeing support of 1.235, 1.221 and 1.207. If price can retrace to where my green box(FVG) is then my SL will be 1.252. Happy new year to all!
Scalp Sell!Hello all. market will fall from an LOZ and break the ILS. R:R is about 6.5. It's good enough. (wink)
