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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD UPDATE ON TRADEGBP/USD 1H - As you can see price is playing out really well now and we have seen price continue to trade us lower from the zone we marked out after activating our pending order. I am expecting price to pullback slightly before a continuation to the downside, I feel we could see our TP hit by early next week. I want to see the last low made broken, giving us further confluence. This trade is running + 60 pips. (+ 3%) 3RR I have gone ahead and closed 50% of my position here, banking 1.5% and leaving 0.5% of the trade running, this guarantees a return from the trade regardless of the outcome now. A big well done to those of you who jumped on and took part in this trade, what way to come to the end of the week, back on top and ending the week up again! Be sure to manage you trades right!
Short
by Lukegforex
GBPUSD is in the Buying Direction after Testing SupportHello 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
Long
by ForexMasters2000
UPDATE ON PENDING ORDERGBP/USD 1H - As you can see price has traded into our zone and has now activated our pending order. Price has put in the structure we wanted to see breaking down after the penetration. I now want to see the introduction of bearish structure throughout this market putting in a deeper correction to the downside, allowing us to profit from the short trade we have placed. This trade is currently running + 25 pips. (+ 1.25%) 1.25RR A big well done to those who stayed patient with this pair and allowed price to play into your hands, this is how we play the game of Forex and profit. Be sure to take partials throughout your trade and apply safety measures, as I always say its important we manage our trades correctly. Any questions drop me a message or comment below!
Short
by Lukegforex
1
Follow Up on GBPUSD SELLPrice Entry On GBPUSD HAs been Triggered and is currently running 15Pips move your stoploss to the initial entry Price. To follow through on this trade, We'd keep an eye on the 4H timeframe to see that at the end of the current candle formation, we want to see that price closes below 1.2446, This will show us that we have sufficient Bears Pressure to hold the rally down to 1.2420. Else close your positions. If we achieve this condition, we'd then be looking to see price close below the 1.2420 on the 1HTF, from there we'll look for the available supply formed and Hold Price down potentially to 1.2310
Short
by Ieios
GBPUSD dropping high chances Hello traders! What's your take on GBPUSD? Here's my technical outlook: A break below current levels could see price testing: 1.23008 (primary support) 1.21204 (secondary support) Resistance is expected around 1.24500. To refine your trading strategy, also consider: Incoming economic data Market mood Global events Have you spotted any notable indicator patterns or divergences hinting at a potential bearish swing? Looking at the M15 timeframe, we have a potential long opportunity. Consider placing a long position while following proper money management rules: Use a proper stop loss Set a suitable take profit Your feedback is welcome! If you appreciate this analysis, please show your support and follow me. Best wishes Tom 😎
Short
by LegendaryTom
GBPUSD Technical Analysis and OutlookPrevious Observations: Long-term Downtrend: Confirmed downtrend from mid-2021. Major Support Breach: Below 1.2000 in late 2022. Recent Recovery Attempt: Above 1.2400, buying pressure still evident. Key Resistance Zones (1h): Current level @ 1.2450 Key Resistance Zones (4h): 1.2500-1.2600. Key Support Zones (Weekly): 1.2000 and 1.1800 - There's room to keep pushing lower. Potential Buying Climax (Daily, 4h, 1h): Steepness of recent rise hints at possible pullback. Additional Bearish Confirmations for Potential Shorts : - Price tested and bounced off the 200 EMA several times in Dec 2024 (4h). - The pair is currently hovering around the 50% retracement level of the recent short-term decline, a common area for price reversals. - Bearish divergence confirmations have already presented this week on the hourly time frame. This is a tell-tale sign of institutional orders being filled at specific levels and generation of further supply. (This may be the conclusion of a 'PHASE C' in a redistribution cycle). - The dollar shows no signs of weakening against the GBP both in technicals as well as fundamentals (Recent data shows the U.S. economy added 256,000 jobs in December, surpassing forecasts and reinforcing a strong dollar narrative). Conclusions: Considering that we see a trendline breakout followed by strong bearish reactions which are ideally happening at HTF supply levels, we can assume that the fractal nature of the markets will play out accordingly. We should not ignore the fact that price has reacted from LTF demand or that we saw a recent bullish imbalance filled- entering shorts off the current supply level should only be done with sufficient confirmations (we may have to look at how the London session open influences price action). Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading involves significant risk, and it's essential to conduct your own thorough research and analysis before making any investment decisions. Past performance is not indicative of future results. Always use appropriate risk management techniques and trade responsibly.
Short
by Apexfx_Alpha