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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

GBP/USD - Weekly Elliott Wave Forecast | Potential B-Wave Trap!Pattern: Completed 5-Wave Impulse + ABC Zigzag Correction Current Price: 1.3056 Forecast: Bearish B-Wave Reversal Incoming? Technical Breakdown: Major impulse from 2007 to 2022 marked as 1 to 5 A corrective ABC move completed at the key resistance zone Price currently facing rejection from the C wave top High probability of a B-Wave trap forming before a drop to the 1.14 zone Strong confluence with historical structure and Fibonacci retracement Next Move: Watch for a weekly candle close below 1.28 to confirm the reversal. Bears may target the 1.14 zone in the next leg down. Wave Structure Visualized (Top-Right Inset): Shows possible B-Wave drop before bullish C continuation — a perfect trap zone for early bulls. Trade Plan: Short bias below 1.30 with SL above 1.32 Target: 1.18–1.14 zone Re-assess price action near 1.14 for long opportunities Stay Sharp, Stay Green!
Short
by Greenfireforex
1
GBPUSD Analysis, A Critical Juncture.GBPUSD Analysis: A Critical Juncture The GBPUSD currency pair has opened with a notable gap down, sparking immediate interest among traders and investors. However, what's particularly intriguing is the rejection from this gap, suggesting that the market is hesitant to extend its losses further. This rejection is compounded by the presence of support from the weekly Fair Value Gap (FVG) and daily alignment, which adds a layer of complexity to the current market dynamics. The confluence of these technical indicators – the rejection from the gap and the support from the weekly FVG and daily alignment – presents a compelling narrative for potential buyers. If the market can muster the momentum to break above the critical resistance level of $1.28725, it could trigger a significant bullish trend. This would likely be driven by a combination of technical and fundamental factors, including shifts in market sentiment, economic indicators, and central bank policies. On the other hand, failure to breach the $1.28725 level could see this resistance act as a significant hurdle, potentially leading to a continuation of the current consolidation or even a reversal. The market's next move will be crucial in determining its direction, and traders will be closely monitoring key economic releases, central bank communications, and technical patterns to gauge the pair's future trajectory. In this context, the GBPUSD finds itself at a critical juncture, with the potential for significant price movements in either direction. As such, traders and investors would be well-advised to remain vigilant, closely monitoring market developments and adjusting their strategies accordingly to navigate this complex and dynamic market environment.
by Aiden_Fury
1
GBP/USD Outlook: Rejected 1.3200 — Is 1.2700 the Next Target?GBP/USD Weekly Forecast – April Week 2 Last week, GBP/USD reached an extreme supply zone near 1.3200, which was also a clean area of imbalance. The pair rejected hard from that level and closed with a strong bearish weekly candle. On the daily chart, we saw a bearish engulfing pattern, confirming downside momentum. Although the daily close didn’t break below 1.2880, the technical setup remains valid — especially when aligned with the broader forecast for USD strength. If price pulls back to 1.2970 (last Thursday’s low and a key resistance), this may offer a new entry for continuation toward the next major demand zone near 1.2700. Bias: Bearish Key Levels: • Resistance: 1.2970 (former support turned resistance) • Support: 1.2700 (target demand zone) This setup aligns with the current macro environment and DXY strength outlook. Structure is still intact for further GBP weakness. — Weekly forecast by Sphinx Trading Drop your view in the comments. #GBPUSD #Forex #Cable #ForexForecast #TechnicalAnalysis #SphinxWeekly #USD #PriceAction #SmartMoney
Short
by Sphinx_Trading
1
BEARISH BIASGbpUsd is set up for long term sell. Looking at daily time frame you will observe price formed BOS while on a downward trend the previous week. That triggered a bullish liquidity sweep to previous supply region, which also was a resistance zone. Upper liquidity have been fully filled, expect long term bearish trend which will get to daily demand zone, which was previously a support. Below previous break of structure before upper liquidity movement, daily printed equal low liquidity zones which will likely not hold as demand zones.
Short
by NnadozFX
1
GBP/USD BULLS ARE STRONG HERE|LONG Hello, Friends! We are now examining the GBP/USD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.302 level. 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 COMMENT MY IDEAS✅
Long
by EliteTradingSignals
2
GBP/USD... Sell chart pattren...MY short position on GBP/USD starting at 1.28000 looks like it's got some potential, especially with those target points at 1.25500 and 1.22700. To really dig into this, let's break down the technical setup. First off, the current trend in GBP/USD seems to be bearish, which aligns with your short position. If we look at the charts, particularly the 4-hour and daily charts, we can see some key levels that might influence the price movement. *Key Levels to Watch* 1. *Support Levels*: These are crucial for understanding where the price might bounce back or break through. Your first target at 1.25500 looks like it could be a significant support level based on recent price action. If the price breaks through this level, it might head towards your second target at 1.22700. 2. *Resistance Levels*: For your short position, the key resistance level to watch would be around the entry point of 1.28000. If the price starts to climb back towards this level, it might indicate a reversal in the trend, which would be a signal to reconsider your position. *Indicators* - *Moving Averages (MA)*: A bearish crossover in the short-term and long-term moving averages (e.g., 50-period and 200-period MAs) could reinforce the bearish trend, supporting your short position. - *Relative Strength Index (RSI)*: An RSI below 50 often indicates a bearish trend. If the RSI is hovering around 30-40, it might suggest that the pair is oversold, potentially leading to a bounce-back or consolidation phase. *Economic News and Events* Keeping an eye on economic indicators from both the UK and the US is crucial. Events like interest rate decisions, GDP growth rates, and employment data can significantly impact the GBP/USD pair. For instance: - *UK Economic Data*: Weak economic data could further depress the GBP, supporting your short position. - *US Economic Data*: Strong US economic data could strengthen the USD, also supporting your short position on GBP/USD. *Risk Management* Given the potential volatility, setting a stop loss is a good call. Consider placing it slightly above a significant resistance level to limit potential losses if the trend reverses. Regularly monitoring the trade and adjusting your stop loss as the price moves in your favor can also help manage risk. *Next Steps* - *Technical Analysis Tools*: Utilize tools like Fibonacci retracement levels, Bollinger Bands, and the MACD indicator to get a more comprehensive view of potential price movements. - *Stay Informed*: Keep up-to-date with market news and economic calendars to anticipate potential market-moving events. Do you want to dive deeper into any specific technical indicators or discuss potential scenarios based on upcoming economic events?
Short
by Algo_Trading_Mql5
1
Swing Trading: Unique Features and StrategiesSwing Trading: Unique Features and Strategies Swing trading stands out as a dynamic approach in the trading world, blending elements of both short-term and long-term strategies. In this article, we will explore the unique features of swing trading, including its reliance on technical analysis, the use of chart patterns, and the strategic timing of entries and exits. Whether you're new to trading or seeking to refine your approach, understanding the nuances of swing trading can provide valuable insights into navigating the financial markets. The Basics of Swing Trading Swing trading meaning refers to a style that involves holding short- and medium-term positions - usually from a couple of days to a few weeks - with the aim of capitalising on the “swings” in the market. What is a swing trader? A swing trader’s definition is simple: swing traders are those who typically enter and exit markets at significant support and resistance levels, hoping to capture the bulk of expected moves. These traders tend to look at hourly to weekly charts to guide their entries, although the timeframe used will depend on the swing trader’s individual approach and the asset being traded. Swing trading can be used across all asset classes, from stocks and forex to cryptocurrencies* and commodities. In the stock market, swing trading can be especially effective, as stocks tend to experience high volatility and are subject to frequent news and events that can drive prices. Swing traders predominantly use technical analysis to determine their entries and exits, but fundamental analysis, like comparing the interest rates of two economies, can also play a significant role. It can help determine a price direction over the course of days or weeks. Swing Trading vs Other Styles To better understand the unique features of swing trading, let’s compare it with our styles. Position trading involves holding trades for weeks and months, focusing on capturing long-term trends. Position traders are less concerned with short-term fluctuations and are more likely to use fundamental analysis, such as economic data and company earnings, to make their decisions. This style requires patience and a long-term perspective, with fewer trades but potentially larger returns per trade. Swing trading involves holding trades for several days to a few weeks, aiming to capture short- and medium-term price movements within a larger trend. This style balances the need for active market participation with the flexibility to not monitor trades constantly. Swing traders primarily rely on technical analysis to identify entry and exit points, focusing on chart patterns and indicators. Day trading requires traders to buy and sell assets within the same trading day, often holding positions for just minutes or hours. The goal is to capitalise on intraday price movements, and traders close all positions before the market closes to avoid overnight risk. This style demands constant market monitoring and quick decision-making, with a strong reliance on real-time technical analysis. Scalping is an ultra-short-term trading style where positions are held for seconds to minutes, aiming to make small profits on numerous trades throughout the day. Scalpers rely almost entirely on technical analysis and need to act quickly, often executing dozens or hundreds of trades daily. The focus is on high-frequency trading with very tight stop-losses, requiring intense concentration. Swing Trading: Benefits and Challenges Although swing trading provides numerous opportunities which makes it popular among traders, it comes with a few challenges traders should be aware of. Benefits: - Lower Time Commitment. One of the most significant benefits for swing traders is the reduced time commitment. This style can be adapted to suit a trader’s individual schedule. - Flexibility. It is often more flexible than other styles. Not only does it offer time flexibility, but it allows for a wider range of tools to be used to determine price swings. Also, it can be applied to many assets. The most common is swing trading in forex and swing trading in stocks. - Technical Analysis Focus: Utilises technical indicators and chart patterns to identify entry and exit points, providing clear criteria for decision-making. - More Opportunities Compared to Long-Term Techniques. Because swing traders usually hold positions for a few days to a few weeks, they have the ability to take advantage of shorter-term market movements that might not be reflected in longer-term price trends. Challenges: - Exposure to Overnight Risk. Positions held overnight or over weekends can be affected by unexpected news or events, leading to potential gaps or adverse price movements. - Requires Patience: Effective swing trading requires waiting for trades to develop over days or weeks, which may test a trader's patience. - Market Volatility: Performance can be impacted by periods of low volatility or choppy markets, where price movements may not align with your expectations. Popular Tools to Use When Swing Trading The effectiveness of a swing traders’ strategies will ultimately depend on their ability to correctly identify price movements. For this, traders use different chart patterns and technical indicators. Here are three common tools that can be used as part of a swing trading strategy. Channels Traders can use channels to take advantage of well-identified price trends that play out over days and weeks. To plot a channel, you first need to identify a trending asset that’s moving in a relative zig-zag pattern rather than one with large jumps in price. Traders will often use the channel to open a swing trade in the direction of the trend; in the example above, they might look to buy when the price tests the lower line and take profit when the price touches the upper line of the channel. Moving Averages Moving averages (MAs) are one of the commonly used indicators and they can help swing traders determine the direction of the trend at a glance. The options here are endless: - You could pair fast and slow moving averages and wait for the two to cross; this is known as a moving average crossover. When a shorter MA crosses above a longer one, the price is expected to rise. Conversely, when a shorter MA breaks below a longer one, the price is supposed to decline. - You could stick with one and observe whether the price is above or below its average to gauge the trend. When the price is above the MA, it’s an uptrend; when it’s below the MA, it’s a downtrend. - You could use an MA as a support or resistance level, placing a buy order when the price falls to the MA in an uptrend and a sell order when it rises to the MA in a downtrend. Fibonacci Retracements Lastly, many swing traders look to enter pullbacks in a larger trend. One of the most popular ways to identify entry levels during these pullbacks is the Fibonacci Retracement tool. Traders typically wait for a shift in price direction, then apply the tool to a swing high and swing low. Then, they enter at a pullback, usually to the 0.5 or 0.618 levels, to take advantage of the continuation of the trend. As seen above, this strategy can offer entry points for those looking to get in early before a trend continues. The Bottom Line Swing trading stands out for its ability to balance the demands of active trading with the flexibility of longer-term investing. The unique features of swing trading, such as its moderate holding periods and strategic use of technical indicators, allow traders to potentially manage risk and adapt to various market conditions. Embracing swing trading strategies can help traders refine their approach. As with any trading style, continued learning and disciplined execution are key to achieving consistent results. FAQ What Is Swing Trading? Swing trading is a style that involves holding positions over a period of several days to weeks to take advantage of price movements within a trend. Swing traders use technical analysis, including chart patterns and indicators, to identify potential entry and exit points, balancing the need for active participation with a longer-term perspective. What Is Swing Trading vs Day Trading? Swing trading and day trading are distinct methods. The former focuses on capturing price movements over several days to weeks, allowing for less frequent trading and requiring less constant market monitoring. In contrast, the latter involves buying and selling assets within the same trading day, often holding positions for minutes or hours, and requires continuous market observation and quick decision-making. What Is the Downside of Swing Trading? The downsides of swing trading include exposure to overnight and weekend risks, as positions held outside market hours can be affected by unexpected news or events. Additionally, this method requires patience and discipline, as trades may take time to develop, and performance can be impacted by periods of low volatility or choppy markets. *Important: At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional clients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
Fri 11th Apr 2025 Daily Forex Charts: 8x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 8x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a AUD/JPY Buy, XAU/USD Buy, AUD/USD Buy, XAG/USD Buy, NZD/USD Buy, NZD/CAD Buy, GBP/AUD Sell & GBP/USD Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
by JAGfx
1
GBP/USD 4H Chart Analysis – Bullish Reversal from Demand ZoneGBP/USD 4H Chart Analysis Current Price: 1.27883 Timeframe: 4H (OANDA) Key Zones: 🟦 Demand Zone (Support Area): 📍 Between 1.26873 (🔻 Stop Loss) and current price This is where buyers are expected to step in and push the price higher. 🚀 Expected Move: The price is consolidating in the demand zone and might breakout upward. ➡️ Possible path: 1. Small pullback within demand zone 2. 📈 Breakout up to 1.29162 (🔵 First Resistance) 3. 📈 Continuation up to 1.31083 (🎯 Target Point) Important Levels: 🔻 Stop Loss: 1.26873 (If price drops below this, setup is invalid) 🛑 Mid-Resistance Level: 1.29162 (Might face temporary selling pressure here) 🎯 Target Point: 1.31083 (Take-profit zone) Conclusion: 📉 If price breaks below 1.26873 → trade invalid ❌ 📈 If price holds and breaks above resistance → bullish potential ✅ Risk/Reward setup looks favorable from demand zone to target
Long
by Jameshead007
1
GBPUSD SELLS INTO March lows [1.2575]My interpretation of price is that GBPUSD can trade to March lows for sell-side liquidity after a run above the March highs for buy-side liquidity and aggressivley trading lower, leaving the buyers trapped For context: When I say 'buy-side' liquidity, I am reffering to: 1. Market orders of breakout traders who look to buy above highs using a buy-stop 2. Market orders of traders who were shorting the market with a protective stop loss above the highs (once again, a buy-stop) The same is true for 'sell-side' liquidity, just in reverse. I look to short if the price returns to the new week opening gap. Just my thoughts, good luck and good trading to all.
Short
by Randal-TraderState
1
GBPUSD Analysis Today: Technical and Order Flow !In this video I will be sharing my GBPUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
by Transparent_Fx_Academy
GBP/USD Bullish Breakout Setup – Entry, Target & Stop Loss AnalyEMA 200 (blue line): 1.28423 – typically used to define long-term trend direction. EMA 30 (red line): 1.28253 – shorter-term trend indication. Currently, the price is above the 30 EMA and slightly above the 200 EMA, suggesting short-term bullish momentum with potential for trend reversal or continuation. 🟪 Key Zones and Levels: Entry Point Zone: Around 1.28242–1.28423 (highlighted in purple). Stop Loss: Set slightly below the purple demand zone at 1.27931. Target (EA TARGET POINT): Marked around 1.29809. 🧠 Trade Setup Summary: Risk/Reward: Good – aiming for a ~1.19% gain (~152.5 pips), with a relatively tight stop loss. Structure: The price has broken above a consolidation range (demand zone) and retested the zone (potential bullish retest). EMA crossover could soon occur if the 30 EMA crosses above the 200 EMA, confirming bullish sentiment. ✅ Bullish Confirmation Signs: Higher lows forming. Break and retest of previous resistance (now support). EMA proximity breakout is occurring. Strong bullish candles near the entry level. ⚠️ Things to Watch: If price closes strongly above 1.2860–1.2870, that could signal momentum continuation. Failing to hold 1.2824–1.2800 might invalidate the setup and trigger the stop loss. Watch for fundamental events (economic news, especially from UK/US) that could cause sudden volatility.
Long
by EA_GOLD_MAN_COPY_TRADE
3
GBP/USD – 15M Short Setup (NY Session)Took a short position after a clear rejection from a key supply zone right at the New York Open, following a strong bullish push during London. 🧠 Trade Idea & Confluences: • Supply Zone: Price tapped into a 15M supply area, showing multiple rejections with wicks and bearish momentum. • Structure Shift: Break of minor bullish structure – signaling a possible reversal. • NY Open Volatility: Leveraging high volume for a strong move away from supply. • EMA Confluence: Price losing the 20 EMA, now acting as dynamic resistance. • Risk-to-Reward: Solid R:R (~3R), targeting an untapped demand zone and imbalance fill below. 🎯 Trade Setup: • Entry: After bearish engulfing on rejection from supply • Stop Loss: Above the recent high • Take Profit: Into 15M demand zone, near previous Asian session highs ⸻ If you want, I can also add a few hashtags for better visibility: #GBPUSD #SmartMoney #SupplyDemand #DayTrading #ForexStrategy #NYSession #PriceAction #15MChart #TradeSetup
Short
by MGXTRADE
2
GBPUSD macro viewnotice the bullish flow sweeping swing lows and rallying higher. This has brought my attention to the equal highs on the monthly and also checking my indicator u can see the close back in the M range and higher pricing is suggested. we already retested the Wfvg where price reacted from and getting another push higher will suggest a break of that high. As far as my model and strategy i do not trade on mondays so i will sit on my hands to see how the daily candle closes so we trade the expansion for the rest of the week. Mondays can be reversals setting up for tuesdays/wed high of the week or low... anyways the strategy here is trading the weekly/daily range. have an amazing week guys.
by ThunderFX
2
Sterling Remains Firm Despite Inflationary PressuresGBP/USD traded around 1.2830 on Wednesday, holding gains from the previous session. However, ongoing global trade tensions and fears of goods dumping from China and Europe weighed on sentiment. Though U.S. tariffs are relatively lower on the UK, broader economic concerns persist. At the same time, rising inflation risks may lower expectations for rate cuts, providing some support to the pound. If GBP/USD breaks above 1.2850, resistance levels are at 1.2900 and 1.2940. Support is at 1.2715, followed by 1.2650 and 1.2600.
by ChartMage
1
EDUCATION: The $5 Drop: How Trump’s Tariffs Sent Oil TumblingOil markets don’t move in a vacuum. Politics, trade wars, and global economic shifts all play a role in price action. Case in point: the recent $5 drop in oil prices following Trump’s latest tariff announcement. What Happened? Markets reacted swiftly to Trump’s renewed push for tariffs, targeting key trading partners. The result? A ripple effect that sent oil prices tumbling as traders anticipated lower global demand. The logic is simple—higher tariffs slow trade, slowing trade weakens economies, and weaker economies use less oil. Why It Matters to Traders For traders, this kind of volatility is both an opportunity and a risk. Sharp price drops like this shake out weak hands while rewarding those who position themselves with clear strategies. If you trade crude oil, understanding the macro picture—beyond just supply and demand—can make or break your positions. The Next Move Is this just a knee-jerk reaction, or the start of a larger trend? Smart traders are watching key levels, tracking institutional order flow, and looking for confirmation before making their next move. How do you react when headlines move the market? Do you panic, or do you position yourself with a plan? Drop a comment and let’s talk strategy.
Education
by TLTurnerTV
11