GBPUSD | Bullishafter long bullish momentum, the price went to the consolidation phase, will take a Long entry on a breakout of level 1.30006. 0.15 % Risk Longby SulemanAhsanUpdated 0
GBPUSD - Long Trade IdeaNo current refined POI for entry, but I am fairly confident on the current target. Stoploss below the current swing low. It is pretty straight forward. Price is following OBs and BISIs, and is on course to take out the immediate swing high. The target is a NWOG area, similar to what we saw on EURUSD in the past when it made its most recent high. - R2FLongby Road_2_Funded1
Is the Rally Over? GBPUSD Peaking Is a Major Reversal Imminent?Is GBPUSD setting up for a massive reversal, or are we on the brink of one final explosive push above 1.31? We've seen quite a rally this month with GBPUSD, as it cleanly broke through the 1.30 level this week, climbing above 1.31 yesterday and hitting a 2023 high, which is now acting as resistance. So, what's next? At 1.313, we've reached last year’s high, where we previously witnessed a massive 1100-pip drop down to 1.20 in just a few months. If you look at the daily chart below, you’ll notice a rising wedge pattern has formed over the past few months. Is a SELL-OFF imminent? The current bullish move is highly overextended and extremely overbought on the higher timeframes. Zooming into the 4-hour charts, we can see clear signs of momentum slowing down as we approach this key resistance zone. In the 4-hour chart below, the highlighted area shows how momentum is fading as we near the SELL Zone, with each new push higher being sharply sold off before one final surge into the resistance area. This is a classic indication that a reversal is likely on the horizon. If you compare it to the 4-hour chart from last year’s sell-off, you’ll see the same pattern: a huge surge followed by a couple of brief pauses, then one last push into the resistance zone before selling off. Given all this, the next likely move for this pair is to the downside over the coming days or weeks. We might see one final push above 1.31, but I expect the market to sell off toward the wedge trendline around 1.28. If that level breaks, a move down toward 1.25 could be on the cards. This setup has a high probability, given the overextended upward move, extreme overbought conditions on the higher timeframes, and slowing momentum on the 4-hour charts—all occurring as we approach a significant Weekly SELL ZONE where we saw a 1100-pip move last year. I’ll be looking to sell this pair on a move above 1.31 again or on the first 4-hour signal from my TRFX indicator. Let me know what you think in the comments below :)Shortby TheFxAce8816
GBPUSD LONGMarket structure Bullish on HTFs 30 Entry at both Weekly and Daily AOi Strong Weekly Engulfing Candle Weekly Rejection at AOi Daily Rejection at AOi Previous Daily Structure point Around Psychological Level 1.28500 H4 Candlestick rejection Rejection from Previous H4 structure Levels 7.58 Entry 105% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is KingLongby mobbie_zwUpdated 4
GBPUSD week 34 swing zonesFXOPEN:GBPUSD This week swing zones are marked, with the help of trendline. Momentum and price action on the 5mins chart is required for trades and tight stops. 6 weeks of Sz has pinched +500pips The art of trading is Patience.Longby PinchPipsUpdated 111
SHORT WITH TMT ISTANBUL I caught a SHORT position with TMT Istanbul. I quickly opened my trade. SHORT WITH TMT ISTANBUL Shortby TMTFinansAkademisi0
GBPUSD InsightPlease feel free to share your personal opinions in the comments. Don't forget to like and subscribe! In the July FOMC minutes, the majority of committee members indicated that a rate cut in September would be appropriate if economic indicators continue to unfold as expected. Some members also supported an immediate rate cut in July, citing the recent slowdown in employment and the rise in the unemployment rate. Federal Reserve Chair Jerome Powell is scheduled to speak at the Jackson Hole Symposium, where it is expected that he will once again reaffirm the Fed's dovish stance. Meanwhile, there is a possibility that the Bank of Japan may implement an additional rate cut in December, while the Bank of England's next rate cut remains uncertain. - August 23: Fed Chair Jerome Powell's speech at the Jackson Hole Symposium. - August 27: Germany's Q2 GDP release. - August 29: U.S. Q2 GDP release. - August 30: Eurozone August Consumer Price Index (CPI) and U.S. July Personal Consumption Expenditures (PCE) Price Index release. GBPUSD has rebounded near the 1.27000 level and is showing a steep upward trend, breaking past previous highs. It is expected to continue rising smoothly up to the resistance level at 1.32000. However, there is still significant uncertainty about the direction after that point. Therefore, it would be advantageous to consider two strategies for this range: Retreat to the 1.28500 level after facing resistance at 1.32000, followed by a rebound. Break above the 1.32000 level and rise further to the 1.35500 level. If the downward movement is stronger than expected, the strategy will be adjusted accordingly.Longby shawntime_academy1
GBPUSD H1 I Bearish Drop Based on the H1 chart analysis, we can see that the price is falling to our sell entry at 1.3084. Our take profit will be at 1.3040, a pullback support The stop loss will be placed at 1.3121, which is above the swing-high resistance level. 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. 68% 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. 73% 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. Shortby FXCM2
Bearish reversal?GBP/USD is rising towards the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.3141 Why we like it: There is a pullback resistance level which lines up with the 127.2% Fibonacci extension. Stop loss: 1.3287 Why we like it: There is a resistance level at the 161.8% Fibonacci extension. Take profit: 1.8018 Why we like it: There is a pullback support level. 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.Shortby VantageMarkets7
GBP/USD: Pound's Climbing Like It Found a Dollar on the GroundAlright y'all, let's break down what's happening with GBP/USD. On the daily chart, we can see that the pair has been on a solid uptrend, breaking through some key resistance levels. The EMA (Exponential Moving Average) setup shows a bullish alignment, with the 21-day EMA comfortably above the 200-day EMA, indicating strong upward momentum. The recent price action has pushed above the 1.3000 psychological level, which is now acting as a support zone. Switching to the 4-hour chart, the pair continues to hold above that 1.3000 support, and it's riding the 21 EMA nicely. This tells me that the bulls are still in control. However, we are seeing some hesitation around the 1.3100 area, which could be a sign of some profit-taking or a potential pause before the next leg up. If you're not in this trade yet, a potential entry could be around the 1.3048 level, which is close to the 21 EMA on the 4-hour chart. Keep your stop just below 1.3010 to protect your position, with an initial target around 1.3150. The overall bias remains bullish as long as the price stays above the 1.3000 level. If we see a solid close above 1.3100, this could open the doors for a move toward the 1.3200 zone. But, as always, stay sharp and manage your risk!Longby SheenaL0
Potential Sell Entry Look for this structure break pattern on the 5 min tf. Then take a sell entry on the retestShortby nwaobifrancis3
FOMC & 800K Fewer Jobs Dragging on Dollar The dollar is under pressure, with persistent selling pressure driving it to new yearly lows across several currencies, including the pound. A recent revision of jobs data revealed that U.S. job growth was significantly weaker than initially reported, with 818,000 fewer jobs added (for the year ending March 2024). This huge downward adjustment, the largest since 2009, indicates that the labor market cooled more rapidly than previously thought. These revised job figures could likely intensify concerns that the Federal Reserve has been too slow in lowering interest rates. At its July meeting, Federal Reserve officials considered the possibility of a rate cut but opted to hold off, hinting at a move in September. Markets are now pricing in a September cut, which would be the first since the emergency measures taken during the early days of the Covid crisis. Regarding the labor market, “many” officials noted that “reported payroll gains might be overstated,” which means that the Federal Reserve might be ahead of the rest of us, and exactly where it wants to be regarding timing the rate cuts. by BlackBull_Markets2
GBP-USD Epic Resistance! Sell! Hello,Traders! GBP-USD keep growing In a super strong uptrend But the pair is locally Overbought so after it Hits the horizontal Resistance of 1.3148 I will be expecting A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals6
Selling long term Beautiful long term sell coming Upper resistance trend , daily and weekly supply level Just wait for h4 confirmation then we will enter in sell for long term Shortby forexagent7
GBPUSD BullishGBPUSD is in a bullish trend which has formed a bullish parallel continuation channel. The USD index is currently in bearish trend and GBP index is in bullish trend. It indicates that the price is likely to continue upwards. We can take buy limit entry at the 0.382 fib level to get benefit of a good setup.Longby ruba_hasan961
GBPUSD SELL ANALYSIS Dear friends and followers, I present to you my GBPUSD SELL ANALYSIS FOR YOU TO TRADE ... wait patiently for the market to come to the sell point , after retest, then sell trade.. Good luck 🤞Shortby Olumine3
GBPUSD: A Swing Buy Opportunity! DXY will be plummeted soon.FX:GBPUSD GBPUSD is far over from swing selling yet, our previous idea closed on breakeven, we now expect price to grow and grow big in soon time. However, we do not expect price to rise in days but in weeks or months we can see price to growing to newest higher high of the year. We ask all of you to maintain utmost risk management. **If you like our work then please like, comment the idea and follow us which will encourage us to bring you more content** Team SetupsFX_ Longby Setupsfx_Updated 161679
GBPUSD: Price almost reached our buying! Time To Swing BuyFX:GBPUSD Price almost fell to our area of entry and will soon be rebounding, the main reason price dropped is strong USD data leading price to drop heavily. We expecting price to rebound strongly towards our take profit. First target can be set at 200+ pips from current price region and long target is 600+ pips. **If you like our work then please like and comment, and follow for more and it will also encourage us to bring you more content** Team Setupsfx_Longby Setupsfx_Updated 6628
#GBPUSD: 500+ PIPS Buying Opportunity! FX:GBPUSD GBPUSD, price has been bullish since last two weeks since DXY is dropping. We had expected price to drop and reject at our demand zone, however, as usd started weakening our plan did not work out as we planned. Wait, for price to fall to our area of entry and then enter with the price rejection at the demand zone. **Like, comment and follow us if you like our ideas, this will support us to bring you more ideas like this** Team SetupsFX_Longby Setupsfx_Updated 6640
GBPUSD: Swing Buy Now +500 Pips! Get ReadyDear Traders, GBPUSD is expected to continue rising from current price scenario, we have NFP this week as well which is likely to increase the buy volume within the market. We cannot predict how news will impact on the price but we can see price heading towards our target in soon time. Team Setupsfx_Longby Setupsfx_Updated 4440
GBP/USD Testing 2024 Highs, PMIs on TapGBP/USD has seen a tremendous surge over the past two weeks. Cable was trading closer to 1.2700 earlier this month before rising 8 of the last 9 days (and currently working on 9 of the last 10) to hit a 13-month high at 1.3050 as of writing. Despite the impressive short-term momentum (or perhaps because of it), GBP/USD is now reaching an overbought extreme. As the subpanel on the chart above shows, the disparity of the currency pair from its 100-day MA has reached 3%, the most extreme deviation from its medium-/longer-term trend this year. Therefore, GBP/USD may be more vulnerable than usual to mean reversion if the UK PMIs come in below expectations (or developments on the US side of the Atlantic come in better than anticipated). Regardless, the battlelines are clearly drawn – a confirmed break above previous highs in the 1.3050 zone opens the door for a continuation toward 1.3150, whereas a reversal near here could take the pair back toward previous-resistance-turned-support in the upper-1.28s next. -MW by FOREXcom2
GBPU potential trade for FOMCFOMC today at 2am. My idea is the market will come down and reverse. I usually trade after news only. Longby tradingwith_ryann4
BUY GBPUSD - profitable opportunity Based on the private market prediction indicator attached to our chart + our own analysis, the GBPUSD is believed to head to the upside within the next few hours and hit a new resistance zone. BUY NOWLongby VIPindicators113