USDGBP trade ideas
GBP/USD Rejected From Supply – Is a Bearish Move Brewing?The GBP/USD pair is showing signs of weakness after a clean rejection from the 1.33294 supply zone. Price failed to sustain above this key resistance and is now pulling back, suggesting potential bearish continuation.
Current Price: 1.33084
Timeframe: 1H
Indicator: LuxAlgo Supply and Demand
Key Levels:
Resistance/Supply: 1.33294
Support Zones:
Minor: 1.32526
Major: 1.31623 (demand zone highlighted in orange)
Bearish Confluence:
Price rejected from visible supply range
Lower highs forming after rejection
Momentum fading after a strong bullish push
Upcoming USD news could trigger further downside
Trade Idea:
If price breaks below 1.32526, watch for bearish continuation toward 1.31623 demand zone.
Entry: Break + retest of 1.32526
Stop: Above 1.33294
Target: 1.31623 (major demand)
What to Watch:
Reaction at 1.32526 – if it holds, bulls might step back in
Clean break confirms bearish bias
Fundamentals: Monitor U.S. economic data releases (red folders!)
Comment your view:
Is this just a pullback, or are bears back in control?
Follow for daily price action setups with Supply & Demand clarity.
#GBPUSD #Forex #PriceAction #LuxAlgo #SupplyAndDemand #SmartMoney #FXTrading #TechnicalAnalysis #CableAnalysis #TradingView #BreakdownSetup
GBPUSD SHORT FORECAST Q2 W21 D20 Y25GBPUSD SHORT FORECAST Q2 W21 D20 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block rejection
✅Daily order block rejection
✅Intraday 15' order blocks
✅Tokyo ranges to be filled
🔑 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.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Trend analysis on #GBPUSD, #USDJPY and #DXYI am watching the correlation of #DXY with GBPUSD and USDJPY to help me determine the next price moves. At the moment, both charts are at resistance zones. If DXY breaks to the downside, then USDJPY will continue selling, while GBPUSD will continue buying. If it fails, then the reverse is true.
GBPUSD 30M CHART PATTERNThis chart shows a trading setup for GBP/USD on the 30-minute timeframe, and it appears to be based on a bullish reversal pattern, possibly a double bottom or a rectangle consolidation breakout strategy.
Key Details:
Entry Point: Marked by the green arrow, suggesting a buy signal at the bounce from support.
Stop Loss: Positioned just below the recent support level (bottom of the green box).
Take Profit: Positioned at a level that mirrors the height of the rectangle pattern from the breakout point, indicating a measured move.
Risk/Reward Ratio: Favorable, as the green “Take Profit” area is much larger than the red “Stop Loss” area.
Technical Highlights:
Blue arrows trace the price movement forming a V-shape recovery, followed by a consolidation in a range (green box).
Multiple orange circles highlight the points where price tested support and resistance levels, confirming the pattern.
A
GU| Patiently Watching This Setup Cook4H gave me the (BOS) break of structure to the downside - that's my bearish intent on the higher timeframe. Price could climb into the supply zone above before delivering that reversal.
Dropped to the 30M, structure is still bullish for now, showing strong momentum. Now it's a waiting game... Do we dip to take out that sell-side liquidity (SSL) for a clean buy setup first? Or... are we already mitigating the 4H supply and about to print a bearish shift on 30M?
Either way, I'm letting price tell me the truth. No chasing. No guessing. Just real logic with structure & inducement flow.
Stay sharp.
Bless Trading!
Bullish bounce for the Cable?The price is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 1.3323
1st Support: 1.3275
1st Resistance: 1.3402
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GBPUSD H4 I Bullish Bounce Based on the H4 chart analysis, the price is falling toward our buy entry level at 1.3319, a pullback support.
Our take profit is set at 1.3434, a swing high resistance.
The stop loss is placed at 1.3233, a pullback support.
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Pullback TradeThe price broke out of a triangle pattern followed by a bearish impulse then a strong pullback, now the price has reacted to the resistance area with a rejection, and the price has formed a strong bearish daily candle meaning the price might continue its bearish run
WE ONLY TRADE PULLBACKS
GBPUSD: Bulls Are Gearing Up For The Next RallyBullish Confirmations:
- Double bottom formed at QP at end of last week
- Creating HLs and HHs
- Bullish Choch
- Multiple bullish FVGs (showing bullish momentum)
- Multiple bullish breaker blocks
🟢ENTRY 1.33578
SL 1.331
TP1 1.33778
TP2 1.34078
TP3 1.34578
There's a chance we may get a deeper pullback. If so no big deal, we'll just catch a better entry.
GBP/USD Double Top or Bull Trap? Watch These Key Levels!Hey Traders!
We're seeing a critical zone for GBP/USD on the 4H chart, currently trading around 1.3346. This zone is no joke — it's a well-respected supply area where price has failed multiple times to break through, hinting at possible distribution.
Key Technical Levels:
Immediate Resistance: 1.3350 - 1.3380 (Major Supply Zone)
Support 1: 1.2870 (Recent breakout level)
Support 2: 1.2470-1.2405 (Strong Demand + Imbalance fill zone)
Chart Observations:
Multiple rejections at the 1.3350 zone, forming a potential double top.
Volume profile shows declining buying interest up here.
Bearish divergence on RSI and MACD on lower timeframes.
High-impact UK news approaching near demand zone (highlighted with icons).
Trading Plan:
Bearish bias if price fails to break and close above 1.3380. Look for short entries on confirmation (e.g. bearish engulfing, break of structure).
Targets:
TP1: 1.2870
TP2: 1.2470
TP3: 1.2405 (Imbalance + historical demand zone)
Risk Note:
Wait for confirmation — a strong push above 1.3380 invalidates the setup and might lead to a breakout rally.
Like & follow for more institutional-style setups! Drop your thoughts below — are we heading down or breaking out?
Bullish bounce off 50% Fibonacci support?GBP/USD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3326
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.3293
Why we like it:
There is an overlap support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 1.3395
Why we like it:
There is a pullback resistance.
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GBPUSD Buyers In Panic! SELL!
My dear friends,
My technical analysis for GBPUSD is below:
The market is trading on 1.3368 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.3306
Recommended Stop Loss - 1.3406
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
7. "Boom! Trap, grab, and rally — just as planned."
**"She walked right into the selling zone like she owned the chart.
But baby, this ain’t a fairy tale — this is Elliott Wave.
Wave C? Dead on arrival.
CHOCH triggered? Game on.
Retail's still dreaming of 1.40 —
We're already targeting the magnet zone with sniper precision.
She teased the breakout, we caught the fakeout.
This ain't luck. It's strategy wrapped in savage.
Trade less. Win more.
Stay sexy, stay sharp."**
GBPUSD Will Move Lower! Sell!
Please, check our technical outlook for GBPUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.338.
Considering the today's price action, probabilities will be high to see a movement to 1.331.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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!
GBP/USD | Wave 5 Loading?Hey traders 👋,
We're setting up for what could be a textbook Wave (5) breakout on the 4H GBP/USD chart. After a clean corrective pullback to the golden zone (0.618–0.705), bulls are stepping back in. Here’s the technical story:
⚙️ Technical Breakdown:
✅ Elliott Wave Structure:
Wave (4) seems complete following a controlled retracement. If this count holds, Wave (5) should extend us toward 1.34400+ and possibly 1.36300, aligning with fib extensions and previous impulse behavior.
📏 Fib Retracement:
Wave (4) respected the 0.618–0.705 zone perfectly (1.32235–1.32047), a classic launchpad in bullish cycles. Buyers showed strong interest here—textbook bounce material.
📊 EMA Stack (20, 100, 200):
Price is holding above the 100 and 200 EMAs, with the 20 EMA curling upward. If we get a clean cross and hold, that’s further confirmation of bullish continuation.
📉 RSI:
Sitting around 53, giving us enough room to run without immediate overbought pressure. RSI holding above 50 typically aligns with bullish continuation patterns.
🚨 Levels to Watch:
🔑 Entry zone: 1.32200–1.32400 (golden pocket pullback)
🎯 Target zone: 1.34400 ➜ 1.36300 (Fib + Wave 5)
❌ Invalidation: Clean break below 1.31770
🧠 Final Thoughts:
Structure is clean. Momentum is building. Fundamentals aside, this chart is screaming setup potential.
📢 What’s your take on this setup?
Drop your thoughts 👇 and don’t forget to like if you’re bullish too 🟢
@WrightWayInvestments
@WrightWayInvestments
@WrightWayInvestments
GBPUSD Trade Plan (GBPUSD Daily - 18/05)Pound index is showing signs of some easing from the bulls following return to previous highs from Sept 2024.
Price is still in an up trend, so the plan is to wait for the next opportunity higher, but for that I want a cheaper price.
Dollar is showing signs of recovering so lets hold for fib levels and check support levels. Ideally we want a breakout but I don't think its now.
GBPUSD – Intraday Drop in FocusGBPUSD – Intraday Drop in Focus
🔻 Short Bias | 🎯 Target: 1.33779 | Backup Target: 1.33701 | ⏱️ 15-Min Outlook
Price has started to curve off from the local high and may push toward 1.33779, with a deeper level near 1.33701 if momentum continues. Already in the trade.
📌 For those jumping in, be quick—this is a short-term move.
Not financial advice.
#GBPUSD #ForexTrade #ShortSetup #Scalping #TradingView #GlobalHorns