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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

The Day AheadWednesday, April 2 Data Releases: US March ADP report, February factory orders, Japan March monetary base, France February budget balance. Central Banks: Speeches from Fed’s Kugler, ECB's Schnabel, and Escriva. Trump Tariff Announcement: Trump’s team is finalizing options for a 4 p.m. announcement, considering a tiered system with flat rates or a customized approach. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
The Fibonacci Code: GBP/USD is FollowingGBP/USD Elliott Wave Analysis: Bearish Setup Unfolding In this 4-hour GBP/USD chart, we can see a classic Elliott Wave correction pattern forming. Price action is currently moving within a contracting triangle structure, with wave A and B shaping the market’s corrective movement before a potential impulsive wave C decline. Key Observations: ✅ Wave Structure: The price is completing a wave B retracement into a key resistance area (yellow box), aligning with a supply zone. ✅ Converging Trendlines: A descending triangle is forming, confirming potential exhaustion in bullish momentum. ✅ Projected Move: If the pattern follows Elliott Wave principles, we anticipate a rejection from wave B’s peak, leading to a strong downward move toward the 1.2798 supply zone. ✅ Market Confluence: The confluence of resistance, supply zones, and wave structure increases the probability of a short setup. 📉 Trading Idea: If price reacts strongly from the marked resistance, a short position with a target near 1.2798 could offer a high-probability trade opportunity. Let me know your thoughts! Are you seeing the same setup? 🔥📊
by Greenfireforex
gbpusdBelow is a step-by-step analysis of the GBP/USD chart you shared, applying the integrated strategy (Markttechnik structure, Heiken Ashi confirmation, liquidity sweeps, and inducement). --- 1. Higher-Time-Frame Context (If Available) Although the screenshot only shows a 15-minute (M15) view, the Markttechnik approach typically begins by checking a higher time frame (H1, H4, or Daily) to confirm the overall trend. Without that info, well focus on the visible structure in your screenshot and assume a relatively range-bound or chopn M15 From the screenshot, there are several labeled swing points (Point 1, Point 2, Point 3), indicating how price is moving between support and resistance levels: 1. Upward Swings to ~1.299 Price seems to push into the 1.299 - 1.3000 zone multiple times, forming potential liquidity above these highs. 2. Downward Swings to ~1.289 - 1.290 Each time price drops, it finds some support around 1.290, suggesting liquidity pockets or demand near that level. Overall, the chart looks like its oscillating between these swing highs and lows, creating a short-term range. --- 3. Heiken Ashi Candle Clues Heiken Ashi candles can smooth out noise: Bullish Phase: Consecutive green candles heading toward 1.299. Bearish Phase: Consecutive red candles after failing to break above 1.299 convincingly. From the screenshot, the most recent move seems bearish (red Heiken Ashi candles) after the pair failed to hold above 1.2951.296. --- 4. Liquidity and Inducement Analysis 1. Liquidity Above 1.299 Those highs near 1.2991.3000 represent a potential liquidity pool. Each time price approaches this area, sellers stop-losses (and buyer breakout orders) may cluster above. 2. Liquidity Below 1.290 Price has revisited ~1.2891.290. Any move below this area could trigger stops from buyers, offering a sweep scenario if price dips and reverses. 3. Inducement / False Breakouts Notice the wicks or brief pushes above ~1.299 that fail to continue higher. This can be an inducement to trap buyers expecting a breakout. After failing to push higher, price reverses and drops quickly. --- 5. Potential Trade Ideas Scenario A: Short After Liquidity Sweep Above 1.299 1. Setup Price attempts to break 1.299, forms a final push (liquidity grab), then produces a red Heiken Ashi candle that closes back below 1.299. 2. Entry Once a strong bearish Heiken Ashi candle closes below the high, indicating a false breakout, enter a short position. 3. Stop Loss Above the recent liquidity sweep (slightly above 1.3000). 4. Take Profit At or near the 1.290 support area (or even lower if you see momentum). Scenario B: Long After Liquidity Sweep Below 1.290 1. Setup If price breaks below ~1.290, you watch for a false breakdown. A quick rejection with a strong bullish Heiken Ashi close back above 1.290 can signal the sweep is complete. 2. Entry Go long when a bullish Heiken Ashi candle confirms a rebound above the liquidity zone. 3. Stop Loss Below the recent low (slightly under 1.289 or the lowest wick). 4. Take Profit Near the 1.299 resistance or previous swing highs for a 2:1 (or better) reward-to-risk ratio. --- 6. Markttechnik Point 1, 2, 3 Perspective Based on your labeling: Point 1 / Point 2 / Point 3 could mark successive swings (higher highs or lower highs/lows). Each Point 3 might be where the market turns after failing to break a prior level, or it could be your next decision zone. In a ranging environment, these points help you see the oscillation between support (demand) and resistance (supply). A trade signal would trigger when the market sweeps one of these points and then clearly reverses. --- 7. Putting It All Together 1. Identify Key Zones 1.290 (support & liquidity) 1.2991.300 (resistance & liquidity) 2. Look for Sweeps Watch for price to poke above/below these zones and then close back inside. 3. Heiken Ashi Confirmation Enter on a Heiken Ashi candle that confirms the reversal. Consecutive red for short, consecutive green for long. 4. Risk Management Stops outside the liquidity sweep, targets at least 2:1. 5. Execution Given the current screenshot, the market recently turned down from near 1.2951.296. You could wait to see if it sweeps below 1.290 for a potential buy, or if it returns to ~1.299 for a potential sell. --- Conclusion Short-Term Bias: Slightly bearish after failing to break above 1.2961.299. Potential Long Setup: If price dips below 1.290 and quickly reverses (false breakdown). Potential Short Setup: If price rallies again to 1.2991.300 and fails (false breakout). By monitoring liquidity sweeps around these key zones and confirming direction with Heiken Ashi candles, you can apply your combined strategy for entries, stops, and profit targets.
Short
by Nashvillera
GU-Tue-1/04/25 Top down analysis-Investors in risk off modeAnalysis done directly on the chart Risk On: When the market is in a "risk on" mode, investors feel confident and optimistic about the economy or financial markets. They are more willing to take on higher-risk investments, such as stocks, cryptocurrencies, or emerging market assets, in pursuit of greater returns. This typically happens during periods of economic growth, positive news, or stability. Prices of riskier assets tend to rise, while safe-haven assets like bonds, gold, or the US dollar might see less demand. Risk Off: In a "risk off" environment, investors become cautious or fearful due to uncertainty, economic downturns, geopolitical tensions, or negative news. They shift their money into safer, lower-risk investments like government bonds, gold, or stable currencies (e.g., USD, JPY, CHF). Riskier assets like stocks or commodities often decline in value as investors "de-risk" their portfolios. Not financial advice, DYOR. Market Flow Strategy Mister Y
by Mister_Y
Fundamental Market Analysis for April 1, 2025 GBPUSDOn Monday, the GBP/USD pair was traversing the charts in familiar territory, passing a familiar accumulation zone as investors awaited the latest iteration of US President Donald Trump's tariff threats. The Trump administration intends to enact a broad catalog of tariffs against virtually all US trading partners starting April 2. Specific details of the Trump administration's tariff plans this week remain vague and elusive, but the main tariff threats remain “retaliatory” tariffs on all countries that have their own tariffs on imports of U.S. goods, regardless of the economic context. Retaliatory tariffs on Canada and the European Union are also expected, as well as additional flat tariffs on copper and automobiles. The UK economic data release schedule remains loose this week, however, fresh US Nonfarm Payrolls (NFP) employment data is due out later this week. The release of NFP could be an important factor for the markets as the US economy transitions into a post-tariff economic environment, and the March labor data will serve as an “indicator” of the impact of the Trump team's tariff plans. Trading recommendation: SELL 1.29250, SL 1.30000, TP 1.28650
Short
by Fresh-Forexcast2004
GBP/USD Technical & Fundamental AnalysisThis chart presents a long (buy) trade setup on GBP/USD (British Pound to US Dollar) 30-minute timeframe. Technical Analysis 1. Entry & Stop Loss (SL) 🛑 Entry Zone: 1.29050 - 1.29100 (Purple Support Area) Stop Loss: Below 1.28850 (Red Box) 2. Target Zones 🎯 Target 1: 1.29300 – Minor resistance, suitable for first take-profit (TP1). Target 2: 1.29500 – Stronger resistance level. Target 3: 1.29700 – Major resistance area, final take-profit (TP3). 3. Market Structure & Price Action 📈 The price reacted to the entry zone, a support level. A retest of previous demand zones before potential bullish continuation. Risk-to-Reward Ratio (RRR): Favorable, as upside potential is greater than downside risk. Bullish Confirmation: If price holds above the 1.29050 zone, an upward move is likely. Recent Fundamental Factors Affecting GBP/USD 1. UK Economic Data 🇬🇧 UK GDP Growth: Slower growth than expected, but still in positive territory. Bank of England (BoE) Policy: No immediate rate cuts, keeping GBP stable. UK Inflation: Still above target, supporting a stronger GBP. 2. US Economic Data 🇺🇸 Federal Reserve (Fed) Policy: Mixed signals from the Fed—some officials hint at rate cuts later this year. If the Fed pauses or cuts rates, GBP/USD could rise. US Non-Farm Payrolls (NFP) Data: Expected to show job market resilience. A strong NFP could push USD higher, pressuring GBP/USD. US GDP Data: Slower-than-expected growth could weaken USD, helping GBP. 3. Market Sentiment 🌍 Risk-On vs. Risk-Off: If investors shift to risk-on sentiment (buying stocks, GBP), GBP/USD could move higher. If risk-off sentiment dominates (buying USD as a safe haven), GBP/USD may struggle. Conclusion & Trading Plan ✅ Buy near 1.29050 - 1.29100 with SL below 1.28850. ✅ Take Profits: TP1 (1.29300), TP2 (1.29500), TP3 (1.29700). ✅ Monitor: US economic data, Fed rate expectations, and risk sentiment.
Long
by xxChartWhizxx
New Update Of GBPUSD 1 H Time frameHere’s an advanced technical insight: --- 1. Structure Analysis The chart demonstrates a bullish structure in the GBP/USD 1-hour timeframe, characterized by: Higher Highs and Higher Lows: The price is respecting an ascending channel, indicating sustained bullish momentum. The Support 1 level (~1.2600) has transitioned from resistance to support, confirming a breakout and potential continuation of the uptrend. --- 2. Supertrend Confirmation (10, 3) The Supertrend indicator aligns with the bullish bias as the price is above the green Supertrend line. Supertrend crossover (red to green) indicates a potential reversal in momentum, which occurred earlier in the demand zone. --- 3. Demand and Support Levels Support 1 (~1.2600): A critical intraday level, likely to act as a short-term pivot point for bulls. If retested, it could provide an opportunity for re-entry. Demand Zone (1.2400–1.2500): A broader accumulation zone based on historical price reactions and the swing low, providing stronger support in case of a deeper correction. --- 4. Price Action within the Ascending Channel The pair is trading in a tight ascending channel, with clear upper and lower boundaries. The midline of the channel can act as dynamic support/resistance. The dashed arrow projection suggests that bulls may target the channel’s upper resistance (~1.2700). --- 5. Probable Scenarios Bullish Scenario: If the price sustains above Support 1 and remains inside the ascending channel, expect continuation toward: Short-Term Target: 1.2650 (minor resistance). Mid-Term Target: 1.2700 (channel resistance). Bearish Scenario: A break below the ascending channel’s lower boundary (~1.2600) could invalidate the bullish bias. Potential downside levels: 1.2550 (local horizontal support). 1.2500–1.2400 (Demand Zone). --- 6. Trade Ideas Long Setup Entry: Wait for a pullback to Support 1 (~1.2600) or channel lower boundary. Target: 1.2650, 1.2700. Stop Loss: Below 1.2580 (to avoid being caught in a false breakout). Short Setup (Countertrend): Entry: If price breaks below the channel (~1.2600). Target: 1.2550, then 1.2500. Stop Loss: Above 1.2635 (to account for a false breakout). --- 7. Risk Management Use proper risk-to-reward ratios (minimum 1:2). Position sizing is critical; align trades with your account's risk tolerance.
by mrsagarfx
GBPUSD Will Go Up! Buy! Please, check our technical outlook for GBPUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.294. Considering the today's price action, probabilities will be high to see a movement to 1.305. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
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