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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

Trade 3: GBP/USD - SL Hit - 0.05% from entryThings that might went wrong technically: 1. The price did not close below the 0.5 Fib retracement level while moving down from resistance, instead it took support at 0.5 fib retracement level. The same level also happened to have buyers' liquidity which is shown in red circle. 2. In 15min time frame, while the price was moving down from last few sessions, the EMA cross under occurred when the price was either below the Medium HMA or when the Medium HMA was above Shorter HMA. But when the trade was entered the Shorter HMA was above the Medium HMA. 3.In 5min time frame, while the Medium HMA was above the Shorter HMA and price, predicting a downward movement. In 15min the Shorter HMA was already above the Medium HMA, indicating an upward movement in 15min timeframe. So, it's better to enter trades in the direction where the overall MAs are moving, through finding the cross over or under according to the existing cross in higher time frames.
by MyWayofLookingThings
GBPUSD 164 Pip LongThis is possibly my favourite setup to trade. GBPUSD is in a strong bearish trend on the 4h chart and we have created a new LL today. We know that the market moves in waves so after a LL we get a pullback to make sure that the market moves efficiently. Price has broken out of its downward trend on the 5m and I am now keen to see it break the 15m CHOC mark. If this happens I will look to long from just above the 4h LL and look for more long entries all the way back up into the 4h supply zone. Follow and like for more trade ideas!
Long
by DrRoach2
7
GBPUSD_109 2024.11.07 05:47:10 Trading Signal BUYFrankPro Signal for GBPUSD_109 Type: Screen Signal: BUY TP: 1.29761 SL: 1.29185 Entry Price: 1.29257 Analysis for GBPUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here are my predictions for the GBP/USD exchange rate: **Short-term (next few days):** * The price is expected to be highly volatile due to the US presidential election results and upcoming monetary policy decisions. * Technical analysis suggests a potential fall to the 50% Fibonacci Retracement point at 1.2732, with a sell target at 1.2730 and a stop-loss at 1.3000. * However, a breakout above 1.2900 could lead to a bullish scenario with a take-profit at 1.3000 and a stop-loss at 1.2730. * Given the uncertainty and volatility, I predict the price to **go down** in the short-term, potentially testing the support area near 1.2865. **Long-term (next few weeks/months):** * The GBP/USD forecast suggests an attempt to test the support area near 1.2865, followed by potential growth with a target near 1.3235. * A breakout above the resistance area of 1.3065 would confirm the growth option. * Considering the potential for a rate cut by the Federal Reserve and the Bank of England, I predict the price to **go up** in the long-term, potentially reaching the target near 1.3235. * However, if the price breaks below the support area of 1.2795, it could indicate a continuation of the decline, and the long-term outlook would be bearish. Please note that these predictions are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The technical analysis suggests a bearish trend, with the pair moving below the 50-day and 100-day EMAs and below the Ichimoku cloud. * The MACD indicator has moved below the zero line, and the RSI has moved downwards, indicating a potential continuation of the downtrend. * The forecast suggests a potential decline to around 1.2725 if the pair breaks below 1.2795. * High volatility is expected due to the US election results and upcoming economic announcements. **Expected price movement in the short-term: DOWN** **Long-term (next few weeks/months):** * The impact of the US election on the GBP/USD pair is expected to be significant, but the long-term effects are uncertain. * The Federal Reserve's interest rate decision and the Bank of England's interest rate decision may influence the pair, but the expected rate cuts may not have a significant impact. * The technical analysis suggests a bearish trend, but the pair may potentially rise towards 1.3235 if it tests the support area near 1.2865. * The long-term trend is uncertain, and the pair may experience high volatility due to various economic and political factors. **Expected price movement in the long-term: UNCERTAIN (but potentially UP if the pair tests the support area and rises towards 1.3235)** Please note that this analysis is based on the provided data and may not reflect the actual market movements. The foreign exchange market is highly volatile, and prices can change rapidly due to various factors. Result: ST=Down LT=Up Analysis Method(2) Based on the analysis, here are my expectations for the GBP/USD price movement: **Short-term (next few days):** * The price is expected to go **down**. The bearish tendencies, "Head and Shoulders" pattern, and moving averages indicating a short-term bearish trend all suggest a downward movement. * The pair is likely to test the support area near 1.2865 and potentially break below 1.2795, leading to a continuation of the decline to around 1.2725. * The high volatility due to the US presidential election results and the Federal Reserve's interest rate decision may also contribute to a short-term decline. **Long-term (next few weeks/months):** * The price is expected to **stay the same** or potentially **go up**. Although the short-term trend is bearish, the pair is forming a correction and the "Head and Shoulders" pattern may be broken if the price rises above the resistance area and closes above 1.3065. * A bullish scenario could see the pair rise to 1.3235, and the upcoming Bank of England (BoE) interest rate decision may also influence the long-term trend. * However, the long-term outlook is less clear, and the price may remain range-bound or experience a sideways movement. Please note that these expectations are based on the analysis provided and are subject to change as new market data and events become available. Result: ST=Down LT=Up
Long
by frankiepro
Cable H4 | Will the BoE's rate cut trigger a sell-off? Cable (GBP/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.2955 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 1.3057 which is a level that sits above a multi-swing-high resistance. Take profit is at 1.2833 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
GBP/USD ! 11/7 ! sideway price zone - resistance signal SELLGBP/USD trend forecast November 7, 2024 The GBP/USD pair finds support during the Asian session on Thursday, moving up from its mid-August low near the 1.2830 area touched the day before. Spot prices now aim to sustain momentum above the 1.2900 level as focus turns to significant central bank events. The Bank of England (BoE) is expected to announce a rate cut today, its second this year, in response to slowing inflation. However, expectations that UK Finance Minister Rachel Reeves' upcoming budget could boost inflation, potentially slowing future BoE rate cuts, help support the British Pound. A slight dip in the US Dollar also contributes to GBP/USD gains. Against the backdrop of a rising dollar - GBP is not much changed. sideways and slightly down /// SELL GBP/USD : zone 1.29520 - 1.29720 SL: 1.30100 TP: 60 - 120 - 250 pips (1.27220) Safe and profitable trading
Short
by Moon-ForexAcademy
4
Bearish reversal off 50% Fibonacci resistance?XAG/USD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.2953 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 1.3045 Why we like it: There is a pullback resistance level. Take profit: 1.2844 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Bearish drop?The Cable (GBP/USD) is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 1.2940 1st Support: 1.2842 1st Resistance: 1.3000 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
It look bullish to me, risky at this momentbut once H4 candle closes inside the weekly range it will confirm my idea. GBP news and FOMC tonight could be a fuel for this price move. You are very welcome to comment with your thoughts, share your charts or questions about COT or how I came to this setup. Just comment below, I like any constructive discussion. If we get the confirmation, I will be looking to position myself with my students and followers as highlighted on the chart. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
GBPUSD InsightHello, subscribers! Please feel free to share your personal thoughts in the comments, and don't forget to like and subscribe! Key Points - U.S. election concluded with Trump’s victory - Anticipated dollar strength due to Trump’s policies on corporate tax cuts, regulatory easing, and tariff implementation - Japan’s Chief Cabinet Secretary Yoshimasa Hayashi stated that they are closely monitoring foreign exchange movements, including speculative actions - Christine Lagarde, ECB President, warned that heightened trade barriers, tariffs, or obstacles could negatively impact open economies like the Eurozone - Bitcoin surged by 9.8% - Dollar Index surpassed 105 points Key Economic Schedule - November 7: Bank of England rate decision - November 8: FOMC meeting results announcement GBP/USD Chart Analysis With Trump’s victory, the dollar has strengthened. A short-term continuation of this dollar strength is expected, especially with the BOE and Fed rate decisions remaining in the final two days of the week, which could act as variables. Currently, the GBP/USD chart suggests a likely decline toward the 1.26000 level, followed by a potential rebound to 1.34000. However, if unforeseen factors cause the 1.26000 level to break, it would signal a trend shift, prompting the need for a quick revision of our strategy.
Short
by shawntime_academy
Trade 3: GBP/USD - Short - 6.3 RR RatioLonger Time Frame Analysis - 1hr 1. Clear bearish sentiment Shorter Time Frame Analysis - 15min 1. AMD price action 2. Head & Shoulder Pattern Shorter Time Frame Analysis - 5min 1. Shorter EMA cross under Longer EMA at the bearish triangle breakout Entry: 1. BOS - Head & Shoulders 2. Shorter EMA cross under Longer EMA 3. The candle next to breakout bearish candle closed below the price of breakout candle Target: Using Support & Resistance of Price Action T1: 1.28457 SL: Above breakout base of head & shoulders pattern *Please let me knows your views and thoughts, they will remind me there's more to learn*
Short
by MyWayofLookingThings