GBPUSD_SPT trade ideas
"GBP/USD Wave 5 Completion | ABC Correction in ProgressFive-wave impulsive structure is complete.
Price rejected strongly in the red supply zone.
Correction phase (ABC) now unfolding.
Key Levels:
Wave A Support Zone: 1.3285
Wave C Target Zone: 1.2880
Expect a corrective pullback before potential bullish continuation.
Stay patient โ corrections offer new opportunities!
#GBPUSD #ElliottWave #ForexAnalysis #TechnicalAnalysis
Analysis of GBPUSD 4 - hour ChartAnalysis of GBPUSD 4H Chart
Trend Analysis
From the 4 - hour chart, GBPUSD is generally in an uptrend. The price fluctuations have formed a series of higher highs and higher lows, indicating that the bulls are in control ๐.
Key Levels
Support Area: The range of 1.3200 - 1.3240 is clearly marked as an important support area in the chart. Previously, the price has rebounded near this area multiple times, suggesting that there is strong buying pressure in this area. If the price retraces to this area again, it may present a potential opportunity to go long ๐ฐ.
Target Area: 1.3420 is marked as the target area. If the price breaks through the current consolidation range and continues its upward trend, it is expected to move towards this target price level ๐ฏ.
Trading Strategy
Long - position Strategy: When the price retraces to the 1.3200 - 1.3240 support area and a bullish candlestick pattern appears, one may consider entering a long position. Set the stop - loss just below the support area, and target the 1.3420 target area ๐.
โกโกโก GBPUSD โกโกโก
๐ Buy@1.32000 - 1.32400
๐ TP 1.33500 - 1.34000
Accurate signals are updated every day ๐ If you encounter any problems during trading, these signals can serve as your reliable guide ๐งญ Feel free to refer to them! I sincerely hope they'll be of great help to you ๐
GBPUSD SHORT FORECAST Q2 W18 D28 Y25GBPUSD SHORT FORECAST Q2 W18 D28 Y25
Professional Risk Managers๐
Welcome back to another FRGNT chart update๐
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Letโs see what price action is telling us today!
๐กHere are some trade confluences๐
โ
Weekly order block rejection
โ
Daily order block rejection
โ
Weekly imbalance to fill short
โ
15โ order block
๐ 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.
๐The rest, we leave to the balance of probabilities.
๐กFail to plan. Plan to fail.
๐It has always been that simple.
โค๏ธGood luck with your trading journey, I shall see you at the very top.
๐ฏTrade consistent, FRGNT X
GBPUSD - Will the dollar go up?!The GBPUSD pair is above the EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. If the pair corrects down towards the demand zone, it can be bought in the direction of its rise.
According to the latest Reuters survey of economists, U.S.-imposed trade tariffs have had a significant negative impact on the business environment in the United Kingdom. The assessment suggests that global trade tensions, combined with Americaโs protectionist policies, have undermined the confidence of British companies and investors in the countryโs economic outlook. Market pricing reflects expectations that the Bank of England will cut interest rates by 0.84% over the course of this year.
The survey indicates that the UKโs GDP growth for 2025 is expected to average 0.9%, down from the previous estimate of 1%. Growth for 2026 is now projected at 1.2%, also lower than the 1.4% forecast made in March.
In terms of monetary policy, there is a strong consensus among economists that the Bank of England is on a gradual path toward easing interest rates. Projections suggest that the base rate will decline by 25 basis points each quarter throughout 2025, reaching 3.75% by year-end. Notably, all 67 economists participating in the poll expect the Bank of England to cut rates by 25 basis points at its May 8 meeting, bringing the rate down to 4.25%.
Meanwhile, the U.S.Federal Reserve, in its latest Beige Book release, reported that economic activity across the country has shown โlittle change.โ The report detailed that only five districts experienced โmodest growth,โ three noted activity was โabout flat,โ and four reported โslight to moderate declines.โ The Fed stated, โThe outlook in several districts deteriorated notably due to heightened economic uncertainty, particularly stemming from tariffs.โ
On employment, most districts experienced โlittle to slightโ increases. One district noted a โmodest increase,โ four reported โslight gains,โ another four observed no change, and three recorded โslight declinesโ in employment levels.
At the same time, prices continued to rise across the country. Six districts described price growth as โmodest,โ while the other six reported it as โmoderate.โ The Fed explained that most districts expected input costs to rise further due to tariffs.
UBS has issued a warning that Donald Trumpโs calls for rate cuts may erode confidence in the Federal Reserveโs independence and fuel greater uncertainty in financial markets.
UBS analysts believe that reduced investment and consumption in the U.S. economy are primarily driven by increased economic uncertainty, rather than restrictive monetary policy. They emphasize that markets are highly sensitive to any perceived threats against the Fedโs autonomy, and in the current climate, it is this economic volatilityโmore than interest rate levelsโthat is harming the economy.
GBPUSD Trade RecapFX:GBPUSD
Friday trade recap on GBPJPY.
๐ The rationale behind taking this trade was firstly, the positive GBP news for Retail Sales of actual 0.4%, greater than the -0.3% forecast.
๐ Secondly, the price tapped into the strong 4H demand zone, while also sweeping the Asian lows.
๐ The news took place on 6 am UTC, while there were no sudden spikes in price during 6 am, we can see a 30 pips price push few minutes after the news, signaling the market price reacting to the news.
๐ Price got rejected twice from the 15 minutes bearish shooting star, creating a strong short term resistance zone.
๐ Since the bias is short term bullish, I waited for a break and retest of the trendline, as soon as price failed to close below the zone, I immediately place buys.
๐ Price Eventually hit TP at a 1:2.46% risk to reward trade but closed at +1.9% to avoid the subsequent red news.
3min chart
GBP/USD | Quarterly Outlook Zooming out on the 3M chart, the structure speaks volumes.
After years of downward pressure, the pair found footing at a major low (2021), forming a rounded base. Now weโre seeing a potential macro shift in momentum with confluence from the 0.786 Fibonacci and price edging toward that psychological 1.42 zone.
๐ Previous high? Marked.
๐ Psychological resistance? Noted.
๐ Next checkpoint? 1.4250 retest.
Patience is power when you're analyzing legacy structure. Let the candles tell the story. ๐
#GBPUSD #ForexMacroView #TechnicalAnalysis #PriceAction #QuarterlyChart #SmartMoneyPlay #TrendReversal
As the dollar's weak trend signals an endTrump's remarks and attitudes in trade negotiations have had a significant impact on the market ๐๐ฅ
His change in attitude towards the Federal Reserve Chairman first triggered investors' concerns about the Fed's policy, leading them to seek refuge in gold and causing the price of gold to rise ๐๐. Later, his remarks alleviated those concerns, prompting funds to flow back into dollar-denominated assets and causing the price of gold to decline from its peak levels ๐๐
In terms of trade negotiations, potential easing measures may reduce the demand for gold as a safe-haven asset โณ
Taken together, these factors may imply that market confidence in the dollar has been somewhat restored ๐. When signs of the end of the dollar's weak trend emerge ๐, more funds flow into dollar assets ๐ธ. Against the backdrop of this change in the direction of capital flows, the GBPUSD has declined ๐
โกโกโก GBPUSD โกโกโก
๐ Sell@1.32800 - 1.32600
๐ TP 1.32200 - 1.32000
The market has been extremely volatile lately ๐๐ If you can't figure out the market's direction, you'll only be a cash dispenser for others ๐ฐ
GBP Rebounds on Retail Sales โ But USD Still in Control๐ GBP Bounces on Strong Retail Sales, But USD Strength Keeps Pressure On ๐ท๐
The British Pound (GBP) rebounded on Friday after UK Retail Sales data surprised to the upside. According to the Office for National Statistics (ONS), retail sales rose by 0.4% in March, beating expectations of a -0.4% decline. On a yearly basis, growth accelerated to 2.6%, outpacing the forecast of 1.8%.
However, despite the positive data, traders remain confident the Bank of England (BoE) may still cut interest rates by 25 bps to 4.25% in the May meeting, due to persistent global uncertainties and softer inflation expectations.
Meanwhile, the US Dollar (USD) gained ground across the board as trade tensions between the US and China appeared to ease. Durable Goods Orders in the US jumped by 9.2% in March โ a clear sign of business confidence and policy impact.
๐ Technical Outlook โ GBP/USD
GBP/USD briefly recovered from an intraday low of 1.3280 but remains under pressure near key resistance.
On the upside, the psychological barrier at 1.3500 remains a major hurdle.
To the downside, the April 3rd high around 1.3200 now acts as strong support.
๐ผ Trading Plan
๐ข BUY ZONE:
Entry: 1.32500
SL: 1.32000
TP: 1.33300
๐ด SELL ZONE:
Entry: 1.34180
SL: 1.34700
TP: 1.33500
๐ Stay alert ahead of key BoE guidance and further US-China headlines โ volatility may increase as we head into May.
GBPUSD SHORT FORECAST Q2 W17 D25 Y25GBPUSD SHORT FORECAST Q2 W17 D25 Y25
Professional Risk Managers๐
Welcome back to another FRGNT chart update๐
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Letโs see what price action is telling us today!
๐กHere are some trade confluences๐
โ
Weekly order block rejection
โ
Daily order block rejection
โ
15โ order block
โ
Tokyo ranges to be filled
๐ 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.
๐The rest, we leave to the balance of probabilities.
๐กFail to plan. Plan to fail.
๐It has always been that simple.
โค๏ธGood luck with your trading journey, I shall see you at the very top.
๐ฏTrade consistent, FRGNT X
GBPUSD | Short-Term Resistance Forming โ Stay Sharp for ReactionGBPUSD has been showing strength lately due to the UKโs early acknowledgment of recession risks and a more transparent economic approach. However, in the short term, we are now approaching a resistance zone that traders should pay close attention to.
๐ฅ Resistance Zone (Short-Term)
The current red zone overhead has historically acted as a supply area โ weโve seen hesitation and sell pressure emerge here before. If price approaches this area again, itโs important not to chase longs blindly. This level could lead to profit-taking or even a temporary reversal.
๐ What You Can Do:
If you're short-biased, look for lower timeframe weakness in this zone (e.g., rejection candles, market structure shifts) before jumping in.
If you're long-biased, wait to see if this resistance gets reclaimed with strength. Only then consider it a continuation signal โ otherwise, itโs best to stay patient.
Always pair your setups with proper confirmation. You already know I never insist on an idea when price action tells another story. Confirmation is key.
Adaptability is your edge. Donโt fight the market โ flow with it, and let the chart reveal your edge.
๐I keep my charts clean and simple because I believe clarity leads to better decisions.
๐My approach is built on years of experience and a solid track record. I donโt claim to know it all but Iโm confident in my ability to spot high-probability setups.
๐If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
๐I have a long list of my proven technique below:
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I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
GBPUSD MUST BUY !You clearly see 8H ( STRONG CANDLE) with so much strenght , i think here we can get easy 100 pip move, ill take this trade and play some video games while it takes my tp :) Stay safe guys and trade what you think is right ! We have chance to take TP in 3 8H candles
4 RRR
GL TRADERS
THIS IS NOT ADVICE !
GBPUSD needs to fill an imbalance at the upsideGBPUSD has had it's short term retracement after a rally to the upside. It is now looking like a reversal back bullish at least to the last unfilled imbalance at the 1.3365 area. It may also break though it and continue to go up due to the dollar weakening.