GBP_USD LONG FROM SUPPORT| ✅GBP_USD is going down now But a strong support level is ahead at 1.3000 Thus I am expecting a rebound And a move up towards the target at 1.3124 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx112
GBPUSD Live Week 41 Swing ZonesFirst week trading live didn't go as planned. Why, i call it work, life and trading Balance. Managing all three, highlights the challenges of modern-day life whilst seeking alternate source of income. Ultimately, the goal is to home in on a good trading strategy to transition to fulltime trading. Week 41 zone is calculated as shown: 264-314. Price action determines tradesShortby PinchPipsUpdated 112
GBPUSD Price ActionHey Traders! Long time no see, hope you're all doing great! I wanted to share a super simple setup I’m using. It’s based on the Previous Day's High/Low and the Session Opening High/Low. I saw price rejecting the Previous Day’s Low and marked the Session Opening High/Low as an Order Block, so I took an entry targeting the Previous Day’s High. There’s also some imbalance, so price could move up there. As always, risk management is everything! I’m using a 1:8 risk-reward ratio, which looks solid. Just manage your risk, stay calm, and avoid any stress. Wishing you all the best and happy trading! Thank you!Longby SuvashishFx5
GBPUSD Potential head and shouldersPotential head and shoulders pattern here. We have to wait for the pattern to fully form in order to take sells Shortby kennyej1
GU bearish1. Potential scalping setups towards daily grey box (bearish fvg). This quite risky as you are trading against higher TF orderflow. 2. After price sting into daily grey box, scout sell setup on h1 or m15 for day trade or shortterm trade. Target 1:2rr or Monday low (1st target). 2nd target is daily swing low, if you target 2nd target don't forget to Breakeven. This is just a mapping of price action courses. It might not even happen according to the map. This is not financial advice. I'm not a license financial advisor. Trade at your own risk. #FVG Shortby hariz505115
GBPUSD - Look for Reversal Long (INTRADAY) 1:4!A similar setup could be forming in GBPUSD, where we might catch a few pips on a buy once the price reaches the Demand Zone. Let's monitor how the market responds to this setup. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!Longby S-Fx_Updated 2
First Idea From a long breakTook a hiatus and seeing where I stand, these trades are not taken but ideally for 8:30am to 12:30pmShortby Dekab331
[SELL] GBP/USD Bearish Trend Continues...Great bearish pressure between 1.3075 - 1.3098 price level. Lets look out for price a clear rejection off this two resistance zone in red. There will be a strong level to break if price drop to 1.3053 however will anticipate price to eventually reach and challenge 1.3032 price. Short term outlook.Shortby YGForex1
gbpusdbuy setup previous day low taken and newyork sesssion start 15min shift and eurusd SMT coz eurusd previous day didnt taken so i took the tradeLongby Ayrusgod114
GBPUSD Will Go Up! Buy! Take a look at our analysis for GBPUSD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.308. The above observations make me that the market will inevitably achieve 1.318 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider115
GBPUSD | SELLHi traders here is an idea for; - GBPUSD Opportunity Looking for: SellShortby ELCapitalFXUpdated 18
GBPUSD**GBPUSD:** This week's forecast is for the price to fall to the bottom of the channel.Shortby SpinnakerFX_LTD0
GBPUSD Technical Analysis and Trade Idea👀 👉 The GBPUSD has been experiencing downward pressure lately, which may offer a potential short-term day trading opportunity. In this video, we'll take a detailed look at the price action, review the current trend and market structure, and explore a possible trade setup. Disclaimer: Forex trading involves substantial risk, and market conditions can shift quickly. The content provided is for educational purposes only and should not be considered financial advice. 📉✅Short02:23by tradingwithanthony4
Cross Roads for the CableOn the Weekly, we see that the market is in a Bullish swing. After prices rallied to form the high, it has begun the bearish retracement, dipping towards the reversal zones which are refined from the existing PB of the Weekly. This narrative above is also the same for the Daily chart. On the Daily, not only dow e see a chart that is bullish and now retracing bearish into the refined zone, but we can notice that at this time, price is well inside the zone, and even threatening to break bearish and breach the zone. Now my analysis: I expect the Daily reversal zone to hold. Where that happens, we expect to see prices go all the way up to hit Daily liquidity target and at the same time give us an extension of the current bullish swing on both the Daily and Weekly charts. If it does go this way, we will pull our our panzy pips trading system and begin to catch trades on the extension rally. On the other hand, in the unlikely event that our daily zone fails, we will expect to see prices retrace deeper and dip lower towards the weekly reversal zone, from where we will watch out for reversals inside that zone. The rally will be expected to begin from there, and from there drive prices all the way up towards the Weekly liquidy target. This is gonna be one hell of a rally, so y'all better be ready to cath some great deal of profit off of that rally. As usual, we will look to trade that rally applying our same trad entry systems unique to panzy pips traders. See you at the top of that cliff guys ... Longby PanzyPips226
Anticipating a Slightly Bullish Bias on GBPUSD today 07/10/2024.GBPUSD Analysis for 07/10/2024: Anticipating a Slightly Bullish Bias The GBPUSD pair is showing signs of a potential slightly bullish bias today, driven by a mix of key fundamental factors and current market conditions. Here's a closer look at the reasons behind this potential upward movement. 1. UK Economic Data Support Recent economic reports from the UK, including a stronger-than-expected PMI for September, suggest that the UK economy is holding up better than anticipated. The services sector has shown resilience, which has positively impacted the British Pound. Market participants are now reassessing the outlook for the Bank of England's next moves. The possibility of further rate hikes remains on the table, supporting GBP strength. 2. Dollar Weakness The US Dollar, while still strong in broader terms, has shown some weakness recently as traders reassess the Federal Reserve's path forward on interest rates. A key driver of GBPUSD's slightly bullish bias today is the easing of expectations for additional aggressive rate hikes from the Federal Reserve. This shift is making the British Pound more attractive relative to the US Dollar, providing upward momentum. 3. Global Risk Sentiment Improved global risk sentiment is also contributing to the GBPUSD’s upward trajectory. Markets are reacting positively to the potential resolution of geopolitical tensions, as well as stabilizing commodity prices. As a risk-sensitive currency pair, GBPUSD tends to rise when global sentiment improves, making today’s risk-on environment a supportive factor. 4. Technical Indicators From a technical perspective, GBPUSD is trading near key support levels around 1.2100, with potential upside resistance at 1.2200. The 50-day moving average has flattened, signaling a potential reversal from the previous bearish trend. A break above 1.2150 could confirm the bullish bias for today. 5. US Nonfarm Payrolls Aftermath The US Nonfarm Payrolls data released last Friday was strong, but the market reaction has been more muted. The expectation was that this data could solidify another rate hike from the Fed, but it has instead led to a more measured response, likely due to wage growth figures not being as inflationary as anticipated. This is giving GBPUSD some room to appreciate today as traders anticipate less aggressive Fed policy tightening. Conclusion Given the combination of stronger UK economic data, slight USD weakness, improving global risk sentiment, and key technical levels, GBPUSD is expected to show a slightly bullish bias on 07/10/2024. Traders should watch for breaks above key resistance levels to confirm this move, but overall sentiment today favors a positive outlook for the pair. Keywords for SEO: - GBPUSD analysis 07/10/2024 - GBPUSD bullish bias October 2024 - British Pound vs US Dollar today - UK economic data impact on GBPUSD - GBPUSD technical analysis - Bank of England rate hikes effect on GBPUSD - US Dollar weakness and GBP strength - GBPUSD forecast for October 7, 2024 - Forex trading GBPUSD October 2024 - GBPUSD support and resistanceLongby PERFECT_MFG3
Will GBP Drop Further? Bearish Pressure Mounts Near Key LevelThe British Pound (GBP) continues to face downside pressure near the key level of 1.3100 against the US Dollar (USD) during Monday’s London session. The GBP/USD pair remains under strain as the US Dollar holds firm, near a seven-week high, bolstered by strong Nonfarm Payrolls (NFP) data for September, released last Friday. This robust US labor market performance has further supported the dollar's strength. In our previous analysis, we closed our positions on this pair (view chart below): GBP/USD Previous Forecast. Bearish Sentiment: Continuation or Reversal? Looking ahead, the Commitment of Traders (COT) report indicates that retail traders remain heavily on the bearish side, which adds weight to the possibility of further downside pressure. While there is no immediate position to open, we will be closely monitoring market developments. Given the fundamental outlook, our attention will turn to a potential long position if the price retraces to our identified Demand area. Until then, we remain cautious, awaiting clearer signals for a possible entry point as the market evolves. Conclusion With the US Dollar's recent strength driven by solid economic data, the GBP/USD pair continues to hover near critical levels. While the current sentiment leans bearish, we will keep a close watch on fundamental shifts and technical signals to reassess future trade opportunities. ✅ Please share your thoughts about GBPUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.by FOREXN1113
GBPUSD will be BULLISH this week GBPUSD i am wishing to sell little bit and then buy till the resistance price 1.34170.Longby bacuul440
BUY opportunityThe GBPUSD pair presents an enticing BUY opportunity at the current price of 1.31102, with favorable potential for profit. Targets: Primary Target: 1.32530 Secondary Target: 1.34350 Breakout Scenario: 1.30500 In the event of a breach above the resistance level of 1.30500, indicative of a bearish breakout, the target price is anticipated to ascend towards 1.29000. Technical analysis indicates a notable buying sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed buy strategy, suggesting downward pressure on the GBPUSD pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions. Longby GODOCM4
GBPUSD DowntrendI am waiting for the market come below the P Line for GU and give me extra confirmation. I posting this trade early ,so that you can plan your trade as well. When the market came to this point where I marked up the zone. I am looking supporting candle in the sell side. If I cant find that , I will avoid this trade. Always do your our analysis before you take the trade. Its a 1:3 RR trade. Monday trade wait until NY open.Shortby tradingwith_ryann0
Continue the downward It is expected that we will witness the price reaction in the current range, and then a fluctuating and upward trend will be formed. In the future, it is expected that the downward and corrective trend will continue. If the price crosses the support range, the downward trend is likely to continueShortby STPFOREX1
Continue Reading GBPUSD Price Action Let's Look at GBPUSD Chart and Read the Market for Finding Some Trade Opportunities in next Candles Creating in the Chart >312:36by FXSGNLS1
How market movesPrice only do 2 things, seek liquidity and offer fair value. Seeking liquidity means seeking buy stops or sell stops. usually at swing highs or lows. Offering fair value means, price doing one sided move, this is consider an unfair value (fair value gap). Price will offer fair value by moving down into the fair value gap.by Paul_FRX0
GBPUSD: Sell To Buy Set UPWeekly Timeframe: We were able to liquidate the previous most recent swing highs. Price in turn hit the supply range (mitigation Block) and quickly reversed. Going into next week; - we expect the market to pullback at least to the mean threshold of previous week. - It's important to note where price is at. At the moment, we are mitigating the bullish internal weekly demand range. - We expect the orderflow to hold, which means, we can begin looking for buy opportunities from this orderblock. NOTE: It's highly likely that this demand range might fail. Here are my reasons: => 1. We pushed to the upside with alot of momentum. We Never created a leg inducement. => 2. We moved back to the demand range with a high momentum. Again we never created Pullback inducement. => 3. This means the current liquidity pool is below the swing low. Price will always gravitate towards that. It's also important to note that price has created an inverted FVG. We can frame an idea with that. It's also important to note that if we break and close below the swing low, that signals the start of the weekly sing pullback. Going into next week, I am expecting to see a pullback to the inverted FVG which creates a PBID. If we create PBID, this gives me confidence to take buy opportunities from the current internal demand range. If we dont create PBID, then its highly likely price will run the lows _______________________________________________________________ Daily Swing structure = Bullish Daily Internal Structure = Bullish Daily Fractal Structure = Bearish We follow the immediate structure. The immediate structure is swing Structure because internal structure = swing structure. We understand that price moves in phases: 1. Phase 1 = Break of structure. 2. Phase 2 = Restest of the previous structure. 3. Phase 3 = Continuation of the dominant trend. Price is in phase 2 where we are looking to put in a lower High. If the dominant trend is to hold, we expect the demand range to also hold. This means, the demand OB should hold. What we know about price: 1. We are bullish. the main structures are aligned. 2. We are retesting the previous swing/internal range. 3. We should be expecting phase 3 to start. Where is price at? => price is currently at a daily demand orderblock. Our expectation is for the price to initiate phase 3 in order for us to catch the dominant trend. However, there is a possibility the demand range get's invalidated. For that to happen, we need to see a break and close below the daily swing protected low. _______________________________________________________________ 4hrs Swing structure = Bullish 4hrs Internal Structure = Bearish 4hrs Fractal Structure = Bearish We follow the immediate structure. Internal structure is the immediate structure. This means we should be looking for some selling opportunities. What phase of the market is price in? => Price is in phase 2, where we are mitigating the previous internal supply range. Where is price? => Price is in a supply orderblock. If the orderflow is to be maintained, this orderblock/supply range must hold. Where is price coming from? => We have tapped into a daily demand range which obviously holds more power and therefore, we may see the current supply range getting invalidated. NOTE: Price pushed aggressively to the downside, tapping into our demand range. => Even though we had a liquidation, The current leg has no iducement levels which means the swing high is the inducement. this mean further means that we may see price sweep the high before selling to our 4H demand orderblock. => Alternatively, we need to see price creating inducement before tapping 15Mins supply OB. If price breaks and closes above the internal Protected High, then it means the swing pullback is over and we can start looking for set-up 1 ideas. _______________________________________________________________ 15 Mins Swing structure = Bearish 15 Mins Internal Structure = Bearish 15 Mins Fractal Structure = Bearish We follow the immediate structure= internal structure. Price is in phase 2 where we are coming to retest the previous internal supply range. Because we moved aggressively to the downside, i want to see a slow move to the OB, creating liquidity before tapping the zone. Its important to pay attention to the breaker. Longby DagemFxStudio1