British Pound / U.S. Dollar

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British Pound / U.S. Dollar forum

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GBPUSD
GBPUSD Intraday Trade Setups

Intraday Buy Trade Setup

Entry: ๐ŸŸข 1.32497
Stop Loss: ๐Ÿ”ด 1.32100 (396 pips risk)
Take Profit 1: ๐ŸŸก 1.32850 (353 pips reward)
Take Profit 2: ๐ŸŸข 1.33180 (683 pips reward)

Reason:

Aligns with 61.8% Fibonacci retracement support (1.32400โ€“1.32600).
Strong confluence with daily ascending trendline and horizontal support at 1.32350.
RSI divergence on 15-minute chart signals bullish reversal potential.

Intraday Sell Trade Setup

Entry: ๐Ÿ”ด 1.32705
Stop Loss: ๐ŸŸข 1.32980 (275 pips risk)
Take Profit 1: ๐ŸŸก 1.32400 (305 pips reward)
Take Profit 2: ๐Ÿ”ด 1.32150 (555 pips reward)

Reason:

Resistance cluster near 38.2% Fibonacci extension (1.32700โ€“1.32850).
Bearish rejection observed at daily pivot resistance (1.32780).
MACD histogram shows fading bullish momentum on hourly timeframe.

GBPUSD Can someone answer this query ; i am looking at volumne candle stick on Day chart ... it seem to have gone "lighter" from 1.318 onwards .. does this mean its loosing momentum .. even though the trend is bullish ?

GBPUSD Holding from yesterday, already in great profits but gonna hold it probably till 1.34000

All I can say is that do your own analysis and trust it, don't listen to anyone :)

It's just you vs you in this trading industry, so focus only on yourself
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GBPUSD ETH/USD โ€“ Bearish Breakdown from Rising Wedge | Short Setup to $1,418
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GBPUSD all the news that appears spreads fear on the USD, making me more greedy when others fear๐Ÿ˜‚๐Ÿ˜‚ so i sell gbp