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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD – Bearish EHNW Pattern in Play!📉 Bearish Reversal Alert! GBP/USD has formed a Bearish EHNW Pattern, signaling a potential reversal near the 1.26720 – 1.26810 resistance zone. 🔍 Key Technical Insights: Price is approaching the 1.618 Fibonacci extension of the O-X leg, a critical level for pattern completion. The B-point retracement aligns with a 1.414 extension, reinforcing bearish confluence. If price respects the 1.26720 – 1.26810 zone, we could see a sharp rejection leading to a potential drop toward lower support levels. 📊 Trading Outlook: Bearish Confirmation: Watch for rejection signals in the resistance zone before entering short positions. Invalidation: A strong break above 1.26810 could invalidate the setup. Target Zones: Initial support levels around 1.26100 – 1.25800. 🔥 What’s Next? Will GBP/USD respect this bearish setup, or will bulls push through resistance? Drop your thoughts below & don’t forget to boost & share if you found this analysis valuable! 🚀📉
Short
by Mohammad_Mirdehghan
GBP/USD 4H Chart Breakdown – Bullish Outlook Toward Daily SupplyMarket Structure & Key Zones: Current Price: 1.26217 Daily Supply Zone: 1.26744 – 1.26252 (Strong Resistance) Higher Timeframe Order Block (HOTW): 1.26744 Lower Timeframe Order Block (LOTW): 1.26252 Key Support Zone: Around 1.25500 (Recent Liquidity Sweep) Key Observations: 1. Break of Structure (BoS) Confirmed: Multiple BoS events indicate a bullish shift in market structure. Price has been making higher highs and higher lows, showing strength. 2. Liquidity Sweep & Trendline Support: A previous liquidity grab below 1.25500 has fueled bullish momentum. The ascending trendline suggests continued support for higher prices. 3. Possible Bullish Scenario: Price might retest the LOTW zone (1.26252) before a push higher. If buyers hold this level, expect a move toward the HOTW level (1.26744). A breakout above 1.26744 could see GBP/USD extending towards 1.2700+. 4. Bearish Rejection Scenario: If price fails to hold above 1.26252, it may retest the liquidity sweep zone near 1.25500. A deeper drop below this level could shift sentiment bearish. Final Thoughts: Bullish Bias: As long as price holds above 1.26252, expect a move toward 1.26744. Breakout Watch: A confirmed close above 1.26744 could open the door for higher prices. Invalidation Level: A drop below 1.25500 would challenge the bullish outlook.
by Steve_xAs
GBPUSD Weekly Review: Feb 24th - 28thThe cable is still showing bullish with dollar concerns on the rates and the pound being stronger at the moment. Last week Monday & Tuesday: Consolidation Wednesday: Downward breakout, filling the imbalance, forming the week's low Thursday: Price rallied higher, taking out buy-side liquidity and ERL @1.2666 Friday: Price traded lower to close the week, closing in a 4hr buy-side imbalance Forecast and Key Levels: Immediate bounce off @1.2630 Potential targets if trading lower: Weekly BISI @1.2560 Lower @1.2550 Targets on the upside: Last week's high @1.26800 Buy-side liquidity @1.27300 Ultimate target @1.28000 which is at the monthly sibi DXY Confluence: DXY has a daily FVG (Fair Value Gap) to be filled, which could lead to a move lower targeting @105.40 EU and the world will aslo be following closely the Germany elecions 23rd/feb/2025.
Long
by hskarue
Bearish drop?GBP/USD has reacted off the support level which is an overlap support and could drop from this level to our take profit. Entry: 1.2624 Why we like it: There is an overlap support level. Stop loss: 1.2722 Why we like it: There is a pullback resistance level. Take profit: 1.2524 Why we like it: There is a pullback support level that lines up wit the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
GBPUSD ANALYSIS *GBP/USD Analysis* The GBP/USD pair has regained the 1.2600 level, driven by the US Dollar's weakness. This weakness is due to: - Risk appetite: Investors are becoming more confident and taking on more risk. - Ukraine conflict: A potential truce in the Ukraine conflict is also contributing to the US Dollar's weakness. However, the pair's upside is limited by: - Looming US tariffs: The US is planning to impose tariffs on Canadian and Mexican imports, as well as Chinese goods. - Geopolitical updates: Ongoing tensions between the US and other countries are also limiting the pair's upside. *Resistance and Support Levels* The pair is facing resistance at: - 1.2600: A key psychological level. - 1.2650: The 100-day Simple Moving Average (SMA). - 1.2700-1.2710: A key resistance zone. The pair has support at: - 1.2560: The 100-period SMA and a Fibonacci retracement level. - 1.2500: A key psychological level. - 1.2475: The 200-period SMA and a Fibonacci retracement level.
Short
by Expert_Travis
GBPUSD Rally: Will It Retrace? Key Liquidity Zones & Trada Idea.📈 The GBP/USD has seen a significant rally recently, with previous highs on the weekly and daily higher timeframes acting as potential upside targets. But the big question is: how far could the pair retrace? 🤔 On the daily timeframe, we can clearly see a bullish imbalance that might serve as an internal range liquidity target for a pullback. This aligns with the market's natural behavior of seeking liquidity and rebalancing inefficiencies. 🔄 In this video, we dive into the trend 📊, market structure 🧩, and price action 🎯, discussing key factors like the imbalance and liquidity dynamics to keep in mind. Plus, we share a trade idea based on a specific set of rules on the 15-minute timeframe ⏱️. ⚠️ Not financial advice – this is for educational purposes only! 🚨
Long
by fxtraderanthony
GBPUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE This chart represents a GBP/USD (British Pound / US Dollar) price analysis on the 1-hour timeframe from FXCM. It highlights key buy and sell zones with a projected price movement. Key elements in the chart: 1. Buy Zone (Support Area): The pink-shaded region around 1.25500 - 1.25750 is identified as a buy zone, suggesting that price may find support and reverse upwards. 2. Sell Zone (Resistance Area): The blue line at 1.26891 is marked as a sell zone, where price previously reversed downward (confirmed by the orange circle indicating rejection). This area acts as a resistance level, meaning price may struggle to break above it. 3. Price Projection: The blue arrows suggest a bullish reversal from the buy zone, with a potential move towards the 1.26891 resistance level. This indicates a buy opportunity in the current region. Conclusion: This chart predicts a GBP/USD bullish move, expecting price to rise from the buy zone to the sell zone. It suggests a long (buy) trade
Long
by afzalforex110
Bearish reversal off overlap resistance?GBP/USD has reacted of the resistance level which is an overlap resistance and could drop from this level to our take profit. Entry: 1.2720 Why we like it: There is an overlap resistance level. Stop loss: 1.2795 Why we like it: There is a pullback resistance level. Take profit: 1.2585 Why we like it: There is an overlap support level that is slightly above the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
GBPUSD about to break to the upside (after a little dip perhaps)I think we're very close to the top of the current move up, and we'll then see some pullback before heading higher still. I've used an example from BITSTAMP:BTCUSD 2020 chart as it lines up perfectly with where we currently are (white arrow). Below is how I see this playing out: And here, you can see from a previous reversal on FX:GBPUSD that we drop out and continue heading up: Right now, I think we won't get much higher (if at all) than the 1.26800 range. I'll update this post as more ideas/thoughts come in over the next days :) Thoughts?
Long
by ash4zeker
1
Elliott Wave Analysis of GBP/USD 1. Market Structure Overview Motive & Corrective Waves: Wave (A) represents an impulsive 5-wave decline. Wave (B) is a corrective A-B-C structure, forming an expanding triangle. Wave (C) appears as an ending diagonal, terminating near the 61.8%-78.6% Fibonacci retracement level, signaling potential reversal Triangle in Wave (B) (1992-2007) suggests a prolonged consolidation. Wedge formation in Wave (C) indicates selling exhaustion, reinforcing reversal potential. 2. Current Market Outlook Reversal Potential: Price has reached a critical Fibonacci retracement support zone. Ending diagonal completion aligns with a potential bullish reversal. Bullish Projection: If confirmed, price could target 2.5000 or higher in the long term. 3. Trading Strategy Considerations Entry Strategy: Look for bullish confirmation near the retracement zone (e.g., bullish engulfing candle, RSI divergence). Risk Management: Place a stop-loss below 1.1000 to mitigate risks. Long-Term Target: 2.5000+ based on Elliott Wave projection. Pro.ALLY MUGABO
Long
by ElliotWaveUnite
Falling towards 50% Fibonacci support?GBP/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2526 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement. Stop loss: 1.2461 Why we like it: There is a pullback support level that is slightly below the 61.8% Fibonacci retracement. Take profit: 1.2626 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
GBP/USD LONG POSITIONSGBP/USD 4H - This is an update from our Sunday Sessions analysis, as you can see price has played out perfectly, trading down and into the Demand Zone we had marked out. After trading down and into this area we have seen price go on to set new highs which is great as price continues to put in bullish structure. We should be actively looking to go long in this market until price breaks a protected low set within the 4h timeframes, once we have relevance to go short we will do but until then look to go long. If you look closely price has recently come to clear the inefficient structure that was created from this large green candle. Now would be the perfect time to look for areas to go long from.
Long
by Lukegforex
GBPUSD: Buy or sell?Dear traders, Recently, GBPUSD has struggled to sustain its new high at 1.269, experiencing a slight downward correction while still holding relatively stable at elevated levels. The primary driver behind this decline is the renewed demand for the U.S. dollar, fueled by rising U.S. Treasury yields and the House of Representatives’ approval of the Republican Budget Plan, which has negatively impacted the pair. As a result, GBPUSD is likely to undergo a short-term corrective move against the trend, seeking new support levels before resuming its upward trajectory.
Short
by Trader_LinaScalping