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USDGBP trade ideas

GBPUSDHello Traders! 👋 What are your thoughts on GBPUSD? GBP/USD has broken below a trendline and has completed a retest (pullback) to the broken level. The pair is now positioned for a potential downward move. After some short-term consolidation, we expect price to drop at least toward the next identified support level. As long as GBP/USD stays below the broken trendline, the bearish bias remains valid, and further downside is likely. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
31
GBPUSD: Overextended move meets with supportAfter a steep and aggressive sell-off, price has tapped into a clear zone. This recent move wasn't gradual: it was impulsive and sharp, which tells us one key thing: exhaustion is likely. The overextension into it without any meaningful pullback typically highlights imbalance, where price moves ahead of structure and becomes vulnerable to correction. But price doesn’t move in straight lines forever. Markets that fall too quickly tend to burn out just as fast. When such aggressive pushes meet with a clean, resistance like this one, they often trigger the exact opposite, a snapback correction. I am now watching for signs of absorption and accumulation. This could play out in the form of sideways candles, wick rejections, or a sudden reversal spike. These are early signs that smart money might be stepping in. My projected target would be toward the 1.33700 area, from the last impulsive drop. It’s a classic mean reversion setup, not just technical but psychological. Traders who chased the move late may find themselves trapped, fueling the correction as they’re forced to exit.
Long
by TrendDiva
22
GBPUSD – Daily Timeframe Analysis: Head & Shoulders PatternThe GBPUSD daily chart is currently presenting a textbook Head & Shoulders reversal pattern, a powerful bearish signal that often marks the end of an uptrend and the beginning of a new downward cycle. This setup demands attention from swing and positional traders alike, especially considering the size and clarity of the structure. 🔍 Pattern Breakdown Left Shoulder: Formed in late May, establishing a significant high before a corrective move. Head: A higher peak was made in early June, which now stands as the pattern's highest point. Right Shoulder: A lower high formed in mid-July, indicating weakening bullish momentum. Neckline: The crucial horizontal support zone around 1.3330–1.3340 was tested multiple times and has now been decisively broken, triggering a confirmed bearish setup. 📊 Technical Significance This Head & Shoulders pattern becomes especially meaningful due to: Multiple rejections at the neckline, confirming its strength as support-turned-resistance. Bearish volume expansion on the breakdown, adding weight to the selling pressure. Formation on a daily timeframe, suggesting a long-term trend reversal rather than a short-term pullback. 📌 Trading Strategy for Traders ✅ Sell Setup (Short Position) Entry: Around the neckline zone on retest (1.3320–1.3340) Stop Loss: Above the right shoulder (~1.3550) Targets: 🎯 Target 1: 1.3100 (psychological and horizontal support) 🎯 Target 2: 1.2900 (measured move from head to neckline) 🎯 Target 3: 1.2650–1.2600 (extended downside zone based on structure) ⚠️ Risk Management Tips: Don’t chase the breakdown — wait for a pullback/retest of the neckline to get a better risk/reward entry. Ensure position sizing is appropriate based on the stop loss distance. If price reclaims the neckline with strong bullish momentum and closes above 1.3350, exit short and reevaluate. 🧠 What Traders Should Keep in Mind Macro Fundamentals: Watch upcoming economic events like BoE rate decisions, US NFP, and inflation data, which can cause volatility and impact the technical scenario. Dollar Index (DXY) trend should also be monitored closely. If DXY rallies, GBPUSD breakdown can accelerate. Trendline Confirmation: Align this with any break of rising trendlines drawn from previous lows. 📌 Final Thought This pattern marks a crucial turning point in GBPUSD. The momentum has clearly shifted from buyers to sellers, and the breakdown opens up significant downside room. As a swing or position trader, this is a high-probability setup with a clear invalidation point (above the right shoulder) and a favorable risk-reward ratio. 📉 Patience and precision are key here. Let price come to you at the neckline, confirm rejection, and then take the trade with confidence. ================================================================= Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. =================================================================
Short
by TradZoo
8
USD Turns GBP On Its "Head"FX:GBPUSD has formed a Head & Shoulders Pattern! Price has already broken down below the "Neckline" to Confirm that Pattern. Currently, Price is working its way back up to retest the Breakout and if the level is strong enough and holds, we could see Price follow through with its reversal to lower prices! If the retest is successful, the May 12th Lows of 1.31741 - 1.31394 could be a good Support level to set as a Price Target. Now we wait for a Retest!
Short
by Novi_Fibonacci
11
GBP/USD Bearish Breakdown with Downside PotentialThe GBPUSD chart indicates a bearish trend, with price breaking below a key ascending support line. This breakdown suggests a shift in momentum, favoring sellers. The price is currently trading below the Ichimoku cloud, which reinforces the bearish bias. A pullback to the broken support zone may offer a retest before further decline. The structure points toward lower lows, and the chart outlines two potential support levels where price may react. Continued downside is expected if the current resistance zone holds. Bearish continuation appears likely as long as price remains below the recent high and beneath the cloud. Entry Sell: 1.33360 First Target point: 1.32250 Second Target point: 1.30000 If you found this analysis helpful, don’t forget to drop a like and comment. Your support keeps quality ideas flowing—let’s grow and win together! 💪📈
Short
by Trend_logic
5
Japanese Candlestick Cheat Sheet – Part Three- 3 candle patternsSo far in this series, we've broken down single candle formations ( Part 1 ) and explored double candle signals ( Part 2 ) — the kind of patterns that give you quick, often powerful hints about the market’s mood. But now it’s time to go a step further. 👉 In Part 3, we dive into triple candlestick formations — patterns that take more time to form, but often offer stronger confirmation and a more reliable narrative. They’re like reading three full sentences from the market instead of just one or two words. If you’re ready to spot momentum shifts (not noise), this lesson is for you. Let’s decode the story behind formations like Morning Star, Three White Soldiers, and so on. MORNING STAR Bias: Bullish What is the Morning Star pattern? The Morning Star pattern consists of a bearish candle, a small-bodied middle candle, and a bullish candle, forming at the end of a downtrend to signal potential reversal. This pattern reflects a shift from seller dominance to buyer strength, as the middle candle marks a pause before a reversal. The Morning Star is a reliable signal that buyer interest is reemerging. Understanding Morning Stars helps traders anticipate shifts in momentum, providing valuable entry points for new uptrends. Meaning: Found in downtrends; signals potential bullish reversal as buyers gain control, with strength confirmed by the third candle closing above the first. BULLISH ABANDONED BABY Bias: Bullish What is the Bullish Abandoned Baby pattern? The Bullish Abandoned Baby is a rare but powerful reversal pattern that consists of a bearish candle, a gapped doji, and a bullish candle. The middle doji reflects indecision, while the third bullish candle confirms the reversal. This pattern highlights a dramatic shift in sentiment, showing that buyers are prepared to take control. Recognizing the Bullish Abandoned Baby can offer traders insights into pivotal market shifts. Meaning: Appears in downtrends; suggests a strong bullish reversal, as the middle doji shows indecision, with confirmation by a strong bullish move. THREE WHITE SOLDIERS What is the Three White Soldiers pattern? The Three White Soldiers pattern consists of three consecutive bullish candles, each closing higher than the last, often appearing in downtrends to signal a potential bullish reversal. This pattern reflects sustained buying pressure, indicating that buyer sentiment is strong. Psychologically, it shows that buyers are steadily gaining confidence, pushing prices upward. For traders, Three White Soldiers provide a clear signal of momentum, ideal for capturing emerging trends. Meaning: Found in downtrends; signals potential trend reversal, showing sustained buying strength, often signaling the start of a bullish trend. MORNING DOJI STAR What is the Morning Doji Star pattern? The Morning Doji Star pattern is similar to the Morning Star, but with a doji as the middle candle, indicating greater indecision before a reversal. This pattern consists of a bearish candle, a doji, and a bullish candle, highlighting a transition from bearish to bullish sentiment. The doji reflects a moment when market sentiment is balanced, but the third candle confirms a bullish shift. Interpreting Morning Doji Stars can help traders identify turning points in downtrends, providing valuable entry opportunities. Meaning: Appears in downtrends; signals potential bullish reversal, with indecision from the doji and confirmation by a strong bullish candle. EVENING STAR What is the Evening Star pattern? The Evening Star is a three-candle pattern that appears at the top of an uptrend, signaling a potential bearish reversal. It consists of a bullish candle, a small-bodied middle candle, and a bearish candle, showing a transition from buyer control to seller strength. This pattern often appears at market peaks, where optimism is giving way to caution. Understanding the Evening Star pattern helps traders anticipate downtrend formations, allowing them to time their exits. Meaning: Found in uptrends; signals potential bearish reversal as sellers gain control, confirmed if the third candle closes below the first. BEARISH ABANDONED BABY What is the Bearish Abandoned Baby pattern? The Bearish Abandoned Baby is the bearish counterpart to the Bullish Abandoned Baby and consists of a bullish candle, a gapped doji, and a bearish candle. This pattern reveals a dramatic shift in sentiment from bullish to bearish, highlighting a sudden reversal at the top of an uptrend. Recognizing the Bearish Abandoned Baby can offer traders insight into market tops and impending trend changes. Meaning: Appears in uptrends; indicates strong bearish reversal, as indecision in the doji is followed by selling strength. THREE BLACK CROWS What is the Three Black Crows pattern? The Three Black Crows pattern consists of three consecutive bearish candles, each closing lower than the last, appearing in uptrends to signal potential reversal. This pattern reflects sustained selling pressure, indicating that sellers are gaining control. The Three Black Crows highlight a moment when buyer confidence wanes, marking the beginning of downward momentum. For traders, this pattern provides a clear signal to avoid buying into weakening trends or even entering short trades. Meaning: Found in uptrends; signals potential bearish reversal, with sustained selling pressure often marking the start of a downtrend. EVENING DOJI STAR What is the Evening Doji Star pattern? The Evening Doji Star is similar to the Evening Star, but with a doji as the middle candle, highlighting greater indecision. This pattern consists of a bullish candle, a doji, and a bearish candle, indicating a shift from bullish to bearish sentiment. The doji suggests that buyers are losing control, with sellers prepared to reverse the trend. Understanding Evening Doji Stars allows traders to recognize market tops, helping them avoid overextended trends. Meaning: Appears in uptrends; signals potential bearish reversal, as the doji suggests indecision, confirmed by strong selling on the third candle.
Education
by Mihai_Iacob
15
GBPUSD: Sellers Are Taking ControlWelcome back to the Weekly Forex Forecast for the week of July 28 - Aug 1st In this video, we will analyze the following FX market: GBPUSD GBP is weak vs USD. GU is heading lower with a bit of steam. The Monthly and the Weekly are still bullish, but the Daily and 4H indicate weakness. I would not entertain longs until I see a bullish BOS. Look for the CISD on the 4H in the beginning of the week, confirming sells are the way to go. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Short
by RT_Money
14
GBP/USD Short Bias – Bearish Fundamentals + Smart Money StructurThe macro environment continues to favor USD strength and GBP weakness, setting up a clean short scenario both fundamentally and technically. Fundamentals First: Bank of England is expected to cut rates in the coming months as inflation falls and growth slows. June CPI came in lower than expected, and consumer spending remains weak. UK GDP growth is flatlining, and PMI data continues to signal contraction in services and manufacturing. IMF has warned the UK about fiscal imbalances and productivity issues, adding bearish pressure to GBP outlook. Meanwhile, the Fed remains on hold, with strong U.S. labor data, robust consumer spending, and persistent core inflation — supporting the USD. Institutional Outlook: JPMorgan and Citi see GBP/USD downside risks as BoE policy shifts from restrictive to accommodative. ING and BofA have noted bearish positioning building in GBP against the USD. Technical Setup: On the 4H chart, we’re watching a clean Head & Shoulders structure A break and retest of the neckline confirms downside continuation. Setup is backed by: Institutional sentiment Macro data divergence (UK vs U.S.) Smart money structure + liquidity zones
Short
by rb_4x
4
GBPUSD → Retest of previously broken resistance...FX:GBPUSD has entered a correction phase after breaking through the local downtrend. If the price remains in the 1.3450–1.346 zone, this will confirm the formation of a new trading range... The market is entering a correction phase due to the dollar. A countertrend retest of the support zone is forming. Earlier, the currency pair broke the local trend and is entering a flat phase. The retest of support may end with a recovery. If, within the local movement and after a false breakout of the 1.345 - 1.3467 zone, the bulls keep the price above the buying zone, then in the short and medium term, we can expect growth to continue. Support levels: 1.3467, 1.345 Resistance levels: 1.35, 1.3584 A false breakdown of support at 1.3467 will confirm a change in the local trend (correction). The market may return to the recovery phase of the global trend. Best regards, R. Linda!
Long
by RLinda
8
GBP/USD OUTLOOKOn the monthly timeframe, GBP/USD pushed back up this July to retest a key resistance zone, which originally acted as a strong demand area back in January 2022. This level was first tapped again in June, leading to a rejection—and now, July has repeated that pattern, dropping 421 pips from that same zone. Price is now entering a monthly support level that was previously resistance, showing signs of a potential bounce. My current bias is bullish from this support area, with the expectation that price may begin to climb again from here. Ideally, I would like to see price eventually reach the next significant demand zone, which was formed in July 2021. However, that level is still quite a distance away, so in the short term, I will be focusing on buy setups. My plan is to enter longs, placing stop losses just below major daily points of interest (POIs). This approach allows flexibility while managing risk appropriately. ⚠️ Reminder: There is major USD news this week, so it’s crucial to stay disciplined. Always protect your capital and risk no more than 1–2% per day. Stay patient, stay focused. Happy trading!
Long
by hustlewithtam
4
GBPUSD Technical Overview GBPUSD Technical Overview GBPUSD recently peaked at 1.3790, aligning with a key historical resistance zone from October 2021. On the Daily Chart, this move completed a significant bearish pattern, suggesting the potential for further downside. Over the last 7 trading sessions, the pair has declined nearly 400 pips, moving decisively lower. Given the steep drop, a technical correction may be on the horizon before GBPUSD potentially resumes its bearish trajectory, as indicated by the current chart setup. If NFP data can be strong today, GBPUSD could extend to the first target 1.3100 or 1.3000 as shown in the chart. Overall, GBPUSD looks like it has started a downtrend. Let's see how the price will unfolds. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading day Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
3
GBPUSD shows signs of a potential recoveryGBPUSD shows signs of a potential recovery towards the resistance zone. This price action indicates a possible short-term reversal or consolidation phase. We are currently observing for confirmation signals such as: These could signal a build-up for a move back toward the key resistance at 1.34400. Traders should stay alert for price behaviour near this level as it may act as a turning point or breakout trigger. You may find more details in the chart. Trade wisely best of luck buddies. Ps: Support with like and comments like for better analysis.
Short
by MrMartin_11
6
GBPUSD I Its ready for the deeper pullback - COT OverviewHey what up traders welcome to the COT data and Liquidity report. It's always good to go with those who move the market here is what I see in their cards. I share my COT - order flow views every weekend. 🎯 Non Commercials added significant longs and closed shorts at the same time. So for that reason I see the highs as a liquidity for their longs profits taking. 📍Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again we as retail traders have disadvantage, but there is possibility to read between the lines. Remember in the report is what they want you to see, that's why mostly price reverse on Wednesday after the report so their cards are hidden as long as possible. However if the trend is running you can read it and use for your advantage. 💊 Tip if the level has confluence with the high volume on COT it can be strong support / Resistance. 👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions. Analysis done on the Tradenation Charts Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. "Adapt what is useful, reject what is useless, and add what is specifically your own." — David Perk aka Dave FX Hunter ⚔️
by David_Perk
18
GBP/USD 4H Chart Analysis (Bearish Flag) Read the caption📉 GBP/USD 4H Chart Analysis Pattern Identified: Bearish Flag Pattern Timeframe: 4-Hour (4H) Currency Pair: GBP/USD 🔍 Chart Explanation: This chart illustrates a classic Bearish Flag Pattern, which is a continuation pattern signaling a potential further decline in price after a temporary consolidation. Downtrend Leg (Flagpole): The strong and sharp bearish move on the left side of the chart forms the flagpole, indicating aggressive selling pressure. Consolidation (Flag Formation): Price enters a rising channel (the flag) which reflects a short-term corrective phase or pullback. This consolidation occurs within the Resistance Zone, suggesting weakening bullish momentum. Resistance Zone: Marked in blue, this zone is where the price struggled to break above, and it acts as a ceiling. Rejection from this zone confirms bearish pressure and increases the likelihood of a breakdown. Breakdown & Target Levels: The chart shows that price has broken out downward from the flag pattern, triggering a continuation of the prior downtrend. Two important support levels are highlighted: 🔸 1st Support: 1.33449 – This is the immediate target where price may pause or react. 🔸 2nd Support: 1.32408 – This is the extended target if selling pressure continues. Ichimoku Cloud (Background): The cloud behind the price action represents market sentiment. The red cloud suggests a bearish bias aligning with the flag pattern breakdown. 🧠 Technical Summary: This setup favors a sell-side outlook. The rejection from resistance within a bearish flag and subsequent breakdown confirm bearish momentum. Traders may look for selling opportunities below the flag breakdown with targets at the mentioned support zones.
Short
by Pips_Hunter_Forex
2
DeGRAM | GBPUSD reached the lower boundary of the channel📊 Technical Analysis ● GBPUSD has broken out of a falling wedge within a descending channel, reclaiming the lower boundary of the broader structure. ● Price is consolidating just above 1.33160 support and appears ready to retest the 1.34650 resistance, aided by a series of higher lows and a bullish break of short-term trendlines. 💡 Fundamental Analysis ● Weakening USD sentiment continues after Friday’s softer core PCE and downward revision of Michigan inflation expectations. ● UK economic sentiment improved after recent wage growth and mortgage approval data exceeded forecasts, bolstering GBP. ✨ Summary Breakout from wedge confirms bullish bias. Support at 1.33160; target 1.34650 short-term. Watch for rally continuation while holding above 1.33625. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
3