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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

GBPUSD | Market outlookQ3 GDP Results - QoQ: Rose by 0.1% (below the forecast of 0.2%). - YoY: Increased by 1.0% (above the expected 0.1%). - September GDP: Declined by 0.1% MoM and 1.0% YoY, missing estimates of 0.2% MoM and 1.1% YoY. Economic Pressures - A sharp increase in the tax burden on businesses, announced by Chancellor Rachel Reeves, is straining the economy. - September industrial production dropped by –0.5% MoM (forecast: 0.1%) and by –1.8% YoY (forecast: –1.2%). Monetary Policy Outlook - The Bank of England may consider accelerating monetary easing to support growth. - However, divergence exists within the board. Catherine Mann advocates maintaining current interest rates until inflation risks, including political uncertainties like Donald Trump’s potential election as US President, subside.
Short
by DynamicCapital-FX
3 Steps to Trade Like a Pro Without Losing Your Sanity !🎯You’re here because you’re tired of watching the market run away without you, right? 🚀 You enter too late, exit too early, or worse—hold onto losers like they’re a long-lost love. 💔 It’s time to stop trading like a gambler and start trading like a sniper. 🎯 Buckle up, because this isn’t just another “blah blah strategy” blog. We’re breaking it down George-style: no fluff, no nonsense, just actionable steps (and a bit of sass). 🔥 Step 1: Spot the Uptrend—Your VIP Entrance to the Market Party 🎟️ Every great trade starts with one thing: momentum. That big blue arrow you see? 🌀 That’s the market screaming, "Follow me if you want to live… financially." What NOT to do: Don’t second-guess the trend. If price is moving up like a rocket, don’t be the guy saying, "But it feels like it might drop." 🙄 And please, for the love of pips, don’t trade against the trend. That’s like swimming upstream with a cement backpack. 🏋️‍♂️ George says: The trend is your bestie—until it’s not. Stick with it while it’s hot, but keep an eye on the exit door. 🚪 ⚡ Step 2: Check RSI—Because Not All Trends Are Honest 🤥 Here’s where it gets spicy. 🌶️ Price can look like it’s climbing Mount Everest, 🏔️ but RSI might be wheezing at base camp. When price keeps going up but RSI says, “Nah, I’m done,” you’ve got RSI divergence, my friend. That’s your first red flag. 🚩 Think of RSI as your market mood detector. If it’s throwing shade, pay attention. 👀 What to watch for: Price making higher highs while RSI makes lower highs. 📉 RSI hanging out near oversold like it’s got nowhere better to be. 😴 George says: When price and RSI don’t get along, something’s about to break—and it’s not your trading account if you play this right. 💸 💥 Step 3: Wait for the Trendline to Break—Patience, Grasshopper 🧘 Here’s the part where most traders mess up: impatience. They see a slight pullback and jump in faster than you can say, “margin call.” 😱 Don’t do it. Wait for the trendline to snap like a cheap rubber band. ✂️ That’s your confirmation. Then, and only then, do you make your move. The Setup: Risk $1 to make $3. Always. 🤑 You’re not here to “just survive”—you’re here to thrive. 🌟 Use a stop-loss. Because “hope” is not a risk management strategy. 🤦 George says: A trendline break is like the market giving you a wink. 😉 Ignore it, and you’ll regret it. Why This Works (and Why Most Traders Fail) 💡 This setup isn’t rocket science—it’s logic. 🤓 Spot the trend. Wait for the market to lose steam. Then confirm it with a trendline break. Simple, right? ✅ Yet 90% of traders will still overcomplicate it with 14 indicators, a gut feeling, and a sprinkle of overconfidence. 😵‍💫 But not you. You’ve got the plan, the patience, and now, the edge. 🔪 Final Words from George: 💬 Trading is like dating. If you’re too eager, you’ll scare off the good setups and end up stuck with losers. 😂 But if you wait for the right one—oh boy, it’s worth it. 💍 So, stop overthinking, trust the plan, and let the market come to you. Now go out there and trade smart. And remember: Patience prints profits. 🖨️💰 Cheers to making the market your ATM. 🥂 PS: Risk $1, make $3. It's the kind of math we all like! 😏
Education
by EdgeDotForex
GBPUSD Sustained SellsGU unlike EU is actually a bearish market overall and this makes sells more readily available to me. TBH since shifting over to trading gold almost exclusively I can't stand how much slower forex pairs such as GU and EU move by comparison so it is unlikely that I would trade it even if I do end up seeing something but I will call it out if I feel like it needs to do so. That being said, GU is currently in consolidation right now after just breaking out of a previous consolidation. When we look at what GU has been doing over the past few weeks it also shows heavy bearish momentum If you even look at the peak one might even say that price stop hunted high to get rid of sellers who had stops higher, but I'm not quite sure so I won't use that as a confluence within this particular analysis. This is what I see, price stumbling within the consolidation a bit more and then pushing up to about this level or so to get rid of sellers stops within both the consolidation areas and then drop after that. My reason for using this particular path is simple. I think the dealer wants to get rid of sellers but he can't drive price so high such that he gives new sellers a better opportunity - if price goes any higher he may give sellers the signal they are looking for to get in which invalidates the dealer's move. If price gets up to the level highlighted by the blue marker sells are probably off the table temporarily.
Short
by Brandon_evo4
Slow and steady rise to 1.30 after breakdown - read notes.Slow and steady rise provided we close above channel level 1.2755. Looks like will continue to slowly rise all the way to 1.30 before big breakdown. Assumptions here are that BOE has to cut rates next meeting given inflation almost near 2% and unemployment still increasing - economy struggling to garner support though retail sales will be boosted with Black Friday and the holiday season spend. However, the rise will only be limited till the Fed December meeting and should they pause on a further cut; GBP will revert back to bearish. Should the Fed cut interest rates as well, we may see GBP sustain over 1.30. Short timeframe long GBPUSD - longer timeframe very undecided and risky so please trade with tighter stop losses. All the best everyone!
Long
by amirkhan235
GBPUSD Such a Easy Peezy Sell setupHello Guys just now i found one of the easiest setup forming for the downside target at 1.2614 entry can be taken just above 1.2688 level with a Strict stoploss at 1.2720 level. Guys we are in the end of the week and we have already made a hell lot of move towards one direction, even we have a British pound GDP data release, setup is easy but please expect risk of retracement and keep risk low. However this is a perfect setup to go short with. if any help needed or any query just a message away Have a nice great day :)
Short
by Rizwan-Ali
Fundamental Market Analysis for November 14, 2024 GBPUSDGBP/USD extends its decline to 1.26850 in Asian trading hours on Thursday. The US dollar (USD) rally to the highest level since November 2023 is putting pressure on the major pair. Later on Thursday, Bank of England (BoE) Governor Andrew Bailey will deliver a speech. Data released by the US Department of Labor Statistics on Wednesday showed that the US Consumer Price Index (CPI) matched expectations, rising 2.6% year-on-year in October. Meanwhile, the core CPI, which excludes the more volatile food and energy categories, rose 3.3% y/y in October, matching the forecast. Markets expect the U.S. Federal Reserve (Fed) to continue cutting rates at its next meeting in December. “The Consumer Price Index offered no surprises, so for now the Fed will continue to cut rates in December. However, next year is a different story given the uncertainty surrounding potential tariffs and other Trump administration measures,” said Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management. Fed officials remain cautious about cutting rates. On Wednesday, Dallas Fed Chairwoman Laurie Logan said the U.S. central bank should be cautious about further interest rate cuts so as not to inadvertently ignite inflation. In addition, St. Louis Fed President Alberto Musalem said stagnant inflation figures make it difficult for the U.S. central bank to cut rates further. Traders are raising bets on another quarter percent rate cut in December, albeit at a slower pace, before mid-2025. Trading recommendation: Trade predominantly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004