GBPUSD_SPT trade ideas
GU-Wed-23/04/25 TDA-Heavy pullback, now what?Analysis done directly on the chart
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Market Flow Strategy
Mister Y
GBPUSD 30M CHART PATTERNThis chart displays a GBP/USD 30-minute timeframe with a bullish harmonic pattern, possibly a Gartley or Bat pattern, forming a potential long (buy) trade setup.
Here’s a quick breakdown:
Green Arrows: Indicate the harmonic pattern completion and potential entry point for a buy.
Red Arrow: Marks a previous resistance or pattern completion level.
Blue Lines: Represent the projected price movement after pattern completion.
Green Zone: Target area (Take Profit levels).
Red Zone: Risk area (Stop Loss level).
Two Take Profit Levels:
First TP is at the
GBPUSD INTRADAY corrective pullback supported at 1.3210GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be an overbought corrective pullback toward a key prior consolidation area.
Key Support: 1.3210 – aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
1.3435 – initial resistance level
1.3500 and 1.3580 – medium to long-term bullish targets
If price finds support at 1.3210 and forms a bullish reversal, it would confirm the continuation of the uptrend toward the mentioned resistance levels.
However, a break and daily close below 1.3210 would invalidate the bullish scenario, suggesting deeper retracement toward 1.3120, with further support at 1.3015 and 1.2980.
Conclusion
GBP/USD remains bullish above 1.3210. Look for a bounce from this level to confirm upside continuation. A daily close below 1.3210 would turn the outlook bearish, exposing lower support levels.
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GBP/USD - ShortPrice is in a small downtrend on the Daily, because of this, i am looking for shorts on the smaller timeframes.
There was a 4H FVG that was broken, creating an IFVG. Price had retraced to thay level before continuing down, this created a 1H Order Block.
The Order block sits within the 4H IFVG, Yesterdays High and Equilibrium.
Both GBPUSD And EURUSD are aligning this way.
GBPUSD looks the stronger option.
Is the USD strength back or just a pullback??All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
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Massive Rally, Massive Resistance – Time to Sell GBPUSD?The last two weeks felt like a rollercoaster for GBPUSD. It all started with a gap down on Monday, April 7, but that weakness didn’t last. The pair filled the gap and then rallied hard – over 700 pips!
🤔 Key Question – Is the move sustainable, or are we topping out?
Now the pair is approaching a massive resistance zone, one that dates back to 2019. While the bullish sentiment and USD weakness could push it toward 1.3500, this isn’t a breakout I’d blindly chase.
📉 Why I'm expecting a reversal:
Price is entering a long-term resistance area – a major barrier.
700 pips of upside happened fast – a pullback is likely.
USD weakness might fade, creating downward pressure.
1.3450–1.3500 is my key sell zone.
📊 My Trading Plan:
I’ll be watching for clear signs of weakness near 1.3450 – such as rejection candles or slowing momentum. If the market confirms, I’m looking for a 500 pip move down, with 1.3000 as the first major target.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
British PMIs fall, Trump says won't fire PowellThe British pound dropped as much as 0.7% earlier today and is under pressure. In the North American session, GBP/USD is trading at 1.3265, down 0.45% on the day.
The pound has taken advantage of broad US dollar weakness recently, rising 3% in the month of April. On Tuesday, the pound climbed as high as 1.3423, its highest level since September 2024.
UK PMIs reports softened in April, another reminder that that the UK economy is struggling. The Services PMI fell to 48.9 from 52.5 in March, below the market estimate of 51.3. There are growing fears that the UK will fall into recession and global economic uncertainty has led to decreased business activity.
The Manufacturing PMI eased to 44.0, matching the market estimate but lower than the March reading of 44.9. This was the lowest reading since August 2023 as the deteriorating global market outook has reduced demand for UK exports. The increase in employer tax contributions has hurt employment and lowered confidence.
The International Monetary Fund has lowered its 2025 global growth forecast to 2.8, down from 3.3% in January. The downgrade was in response to US tariffs and the IMF warned that an escalation of trade tensions between the US and other countries would create further market volatility and lead to even lower growth.
US stock markets are sharply higher on Wednesday after President Trump said that he had no intention to fire Federal Reserve Chair Jerome Powell. Trump had intensified his attacks on Powell in recent days, resulting in sharp slides in US equity markets and the US dollar.
Trump also said that China tariffs would drop "substantially" and investors hope this signals a de-escalation in the nasty trade war between the US and China.
Falling towards overlap support?GBP/USD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 1.3203
Why we like it:
There is an overlap support level.
Stop loss: 1.3056
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Take profit: 1.3412
Why we like it:
There is a pullback resistance level.
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GBPUSD SHORT FORECAST Q2 W17 D23 Y25GBPUSD SHORT FORECAST Q2 W17 D23 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Trade confluences📝
✅Weekly Order block rejection
✅15’ order block created
✅15’ wick rejections via order block
✅Intraday bearish breaks of structure
✅Tokyo ranges to be filled
✅1’ break of structure
✅1’ bearish engulfing candle fill
✅Sell limit order on the 1’ candle fill
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, shall see you at the very top.
🎯Trade consistent, FRGNT X
GBPUSD - NEXT STOP @1.34343? [UPDATE]TRADE UPDATE
As planned for the week price traded to my POI just as i'd anticipated (without getting to my DOL first) so i took my Long Position and it got to my TP for a quick 1:3RR.
KEY TAKEAWAY
I followed my plan and waited for price to come to my level without chasing it(even after the quick spike up to begin the week).
Patience Pays!
THOUGHTS ON THE GBP/USD MARKETGBP/USD 1H - Yes we are wanting to see weakness in the USD this week, however price may trade us lower initially to clear the orders fully before the move higher.
We have seen that price has broken structure fractally on the 30M timeframes, again this could be short lived and this could be just to clear the inefficient structure before taking us higher again, missing the zone we have marked out below.
This is why it is important that with every trade we place we wait for relevant confirmation before entering to avoid getting caught out. I will be waiting for price to trade us up and breaking structure fractally before I look to take the market short.
Even then it will only be an intraday/day trade, one that I will look to close by the end of week. I will keep you all posted with anything I do on this pair. SIT ON YOUR HANDS AND WAIT!
GBPUSD Short 4/22/2025GBP/USD Short Setup – Multi-Timeframe Rejection at September High
We're entering a short on GBP/USD based on a clean confluence of structure, pattern, and timing.
Daily Chart:
Price is rejecting a key resistance level from the week of September 20–27 — the high from that week has now been tapped five times in the last week, with today marking yet another rejection.
Intraday Timing:
Yesterday (Monday): London session tapped the September high.
Today (Tuesday): Pre-London rally hit that same level and failed again.
This sets the tone for a double-tap liquidity run that’s now looking exhausted.
4H Chart:
Bearish rejection wick is forming (potential hammer) — still two hours left, but current structure suggests selling pressure off the highs.
1H Chart:
We’ve printed a clean double top, and the most recent candle is closing as a bearish engulfing, rejecting straight off the key zone.
Entry: 1.33932
Stop: 1.34303
Target 1 (conservative): 1:1.2 R:R — midline from Sunday’s Asia session.
Target 2 (extension): 1.32986 — a clear structural level and liquidity pocket from previous demand.
With momentum turning and buyers failing to break higher despite multiple attempts, this setup leans heavily bearish for the next few sessions