British Pound / U.S. Dollar

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British Pound / U.S. Dollar forum


GBPUSD Next trade! Partials hit on the very next candle on the entry!

Re entry short on next leg down from the break below. current short scalp on break even.
Snapshot


GBPUSD Entire market waiting for USA-China deal for much cleaner direction, on top of that we got bank holiday in the UK tomorrow and Monday. I don't get it how some people just patiently can't wait and ''trade'' just to get 5-10pips. Mind blowing. Remember less is more.
Back to trading next Tuesday. Enjoy the weekend guys!




GBPUSD sell played out well . 20 pips bagged I'm done for the day 🙏


GBPUSD
GBPUSD Daily Analysis Based on Main Key Levels - April 17, 2025

📌 Current Market Price (DCMP): 1.32114

Key Price Structure

Resistance (Above Price):

🔥 1.32508 - Immediate resistance
🔥 1.32981 - Strong resistance
🔥 1.33287 - Technical sell zone

Support (Below Price):

🛡️ 1.31476 - Critical support
🛡️ 1.29807 - Next demand zone
🛡️ 1.28710 - Swing low

Swing Levels:

↗️ Swing High: 1.34178
↘️ Swing Low: 1.28710

Trade Setup 1: Intraday Buy

🎯 Entry: 1.31476 (Key support)
⚠️ Stop Loss: Below 1.31000
💰 Take Profit 1: 1.32114
💰 Take Profit 2: 1.32508

Technical Confluence:

Bullish RSI divergence forming on 4H chart
61.8% Fibonacci retracement support

Trade Setup 2: Intraday Sell

🎯 Entry: 1.32508 (Key resistance)
⚠️ Stop Loss: Above 1.32800
💰 Take Profit 1: 1.32114
💰 Take Profit 2: 1.31476

Technical Confluence:

Bearish MACD crossover on daily timeframe
Price rejection at 78.6% Fibonacci extension