British Pound / U.S. Dollar

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British Pound / U.S. Dollar forum

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GBPUSD Closed the short position in profit, Im now targeting 1.29721 for the remainder of the sesh.

GBPUSD
GBPUSD Intraday Trade Setups

Trade Idea 1: Intraday Buy Setup

Entry: ๐ŸŽฏ 1.28912
Stop Loss: โš ๏ธ 1.28450 (Below Swing Low)
Take Profit 1: ๐Ÿ 1.29480 (38.2% Fib Retracement)
Take Profit 2: ๐Ÿšฉ 1.29900 (Daily Resistance Zone)

Reason:

Price aligns with 61.8% Fibonacci support (1.28800โ€“1.29050) from the daily swing low.


Trade Idea 2: Intraday Sell Setup

Entry: ๐ŸŽฏ 1.29735
Stop Loss: โš ๏ธ 1.30200 (Above Structural Resistance)
Take Profit 1: ๐Ÿ 1.29200 (Daily Pivot Support)
Take Profit 2: ๐Ÿšฉ 1.28750 (61.8% Fib Extension)

Reason:

Rejection at 38.2% Fibonacci resistance (1.29650โ€“1.29800) on daily timeframe.

GBPUSD 8:30 EST 15min candle should be a downside boom otherwise my bearish bias falters...

GBPUSD Could see it go to 1.29009 after taking the high of 1.29490.

GBPUSD this will just consolidate till tomorrow as new monthly candle, from tomorrow bullish week


GBPUSD it will not go up 1.29 waiting to test