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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

Trading Plan Build Exercise - Trade off OrderblocksBefore ICT’s Month 6 - Lesson 3 Video → Here is where I’m doing the homework from Lesson 2 (Building an example Trading plan) emagloire.atlassian.net (Page for Homework Sheet) The way Arjo explains there are 5 Foundational Levels within a Trade: Bias Narrative Context Entry Risk Management You work to build through a backward approach where you start from Entry (Risk Management actually lol) and work into what environments/elements/conditions constitute a trade to be executed in your plan This exercise of building an example trading plan is influenced by Arjo’s structure in the above video. How to build a Data Trading Plan PD Array and Time in Focus What PD Array you want to key in What timeframe you want to execute on? Gather Data in Specified Timeframe to understand amount of Trading Opportunities Presented and what was the expected outcomes How many times does the Orderblock form? How many times does the Orderblock hold? Did the Orderblock created a Market Structure Shift? How many times does the Orderblock Fail? Did the Orderblock fail to create a Market Structure Shift? Then based off the data, build your Trading Plan with consideration for what elements made up the winning trades. Starting with a Naked Trading Plan where you consider all entries off the PD Arrays. PD Array in Focus: PD Array: Orderblocks that led to a Market Structure Shift (Break of Structure “Continuation” & Change of Character “Reversal“) Execution Timeframe: 1H Gather Data: Case Study Info Ticker: GBPUSD Time of Study: May 27, 2024 - Jun 16, 2024 How many times does the Orderblock form? 26 times 2 orderblocks have not been traded to 24 useable Orderblocks 5 External Liquidity OBs 19 Internal Liquidity OBs Opportunity Rate: 92.3% How many times does the Orderblock hold? 15 times (Win Rate: 60%) External Liquidity: 4 out of 5 (80% WR) Internal Liquidity: 11 out of 20 (55% WR) How many times does the Orderblock Fail? 9 times (Loss Rate: 40%) External Liquidity: 1 out of 5 (20% LR) Internal Liquidity: 9 out of 20 (45% LR) Risk Management: Stop Loss at opposite extreme of OB or most recent Pullback (second Stop Loss considered when OB is tight) Risk/Reward Summary: 1: +2 RR 2: -1 RR 3: -1RR 4: +2 RR 5: +2 RR 6: +2 RR 7: -1 RR 8: +2 RR 9: -1 RR 10: +2 RR 11: +2 RR 12: +2 RR 13: -1 RR 14: +2 RR 15: -1 RR 16: -1 RR 17: +2 RR 18: +2 RR 19: +2 RR 20: -1 RR 21: +2 RR 22: +2 RR 23: -1 RR 24: +2 RR 25: N/A 21 RR for a month of Orderblock Trading 24 trades of 20 trading days Next Steps: With the same Trading Plan - analyze your Trades and create improved trading plans based off of an aspect that could increase your trading win rate or lower the amount of trades you’re in or total volume of trades?
by EaszzzyE
GBP/USD: Bullish Bias and Strategic PositioningToday, I’m excited to share my analysis on the GBPUSD currency pair, which is currently showing a strong bullish bias. As we navigate through the market, I will be utilizing probabilities to strategically position myself for long trades. Current Market Dynamics The GBP/USD pair has recently shown resilience, bouncing off critical support levels around 1.2670. This rebound suggests a potential bullish reversal, driven by positive sentiment surrounding the UK economy. Key fundamentals such as the Bank of England's recent decisions to maintain interest rates amidst inflationary pressures signal confidence in economic stability, which supports our bullish outlook. Global Influences On the global stage, factors such as a weakening U.S. dollar and improving economic indicators from the UK create a favorable environment for the British Pound. Additionally, geopolitical developments are leaning towards stability, which typically boosts investor confidence in GBP. Trading Strategy In this context, I plan to leverage statistical probabilities to identify optimal entry points for long positions. By focusing on key technical indicators, I aim to maximize potential gains while effectively managing risk. Join me as we explore this exciting opportunity in GBP/USD! Let’s make informed trading decisions together and capitalize on this bullish momentum. Happy trading! 2W: 3H: P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
Long
by Jasminex1x2
GBPUSD I Possible retest and decline within the channel.Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
GBP/USD: Relief Rally or Just a Pause Before the Next Drop?GBP/USD: Relief Rally or Just a Pause Before the Next Drop? GBP/USD has been locked in a prolonged downtrend, but recent price action shows signs of a relief rally to the upside. Could this mean the bears are finally running out of steam? Not so fast. While the bounce might be tempting for bulls, it’s essential to consider the bigger picture. The downside momentum isn’t entirely out of the equation just yet. Here’s why: Trend Analysis The long-term downtrend remains intact. Key resistance levels are looming, and the recent upward move might simply be a retracement within the broader bearish structure. Market Cycles Markets often move in cycles, and GBP/USD appears to still be in the middle of a downside cycle. Relief rallies like this are common before the next leg lower, catching overly eager buyers off guard. Fundamental Backdrop The GBP/USD pair is influenced by various factors, including UK economic data, US interest rate dynamics, and market sentiment. As of now, the fundamentals still favor the dollar, adding pressure to the pound. Trade Idea Short-Term Bulls: If you’re considering the upside, proceed with caution and manage your risk. Look for clear confirmation of strength above key resistance levels before committing to a bullish bias. Long-Term Bears: Stay patient. This relief rally could offer an excellent opportunity to short the pair at higher levels, aligning with the overall downtrend.
Short
by UpstreamTraders
GBPUSD ENTRY As I said earlier in the previous post, my trades are based on what is right in front of me I do not force the market to give me what is not there I wait for the whole picture to be clear before I place my orders, there are 2 orders here the first one has been filled already you can join the second and know that once the trade is placed you cannot control the outcome, the market is always right please, you're trading with probabilities. so every placed trade is a losing trade and if the odds are in your favour it will be a winning trade. focus on becoming a good and disciplined trader and stop chasing money.
Long
by Dr_Trade1
GBPUSD STRUCTURE Hi guys it has been a while since you heard from me, we will be looking at the GBPUSD chart structure and as you can see from the callouts on the screen you will see that I have highlighted the important points to make it easy for you to read and understand, remember this is a Bias not a trade confirmation so I will keep you guys updated for trade confirmations, keep your mind flexible to react to what prices will do and be flexible enough to change your biases as prices changes, do well to like share and follow.
Long
by Dr_Trade1
GBP/USD: Bullish Momentum Towards Key Resistance LevelsHello, FX:GBPUSD has reached a fresh 1-week high from the 6-month low of 1.24872. While the pair remains overall bearish, it has established itself above several resistance levels and pivot points. We anticipate further upside towards the 1-month pivot point initially. From there, the next move will depend on how the price reacts. Key resistance levels at 1.28499 and 1.29493 should not be overlooked as potential turning points. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
GBPUSD Sell position SETUP (ACTIVE)We have a SMT model. Whereby price targets buyside liquidity as external range liquidity (PRO trend bearish) and distribute PRO trend. That is our 1st expectation as we enter this trade. Our second one is that IF price break above, we identify our trend as internal bullish as price range would have failed to manipulate enough buy orders to distribute price further downside and we look for the demand that broke structure as our next trading zone Price took our high of week as buyside liquidity PRO TREND BEARISH. As we entered on the BEARISH ORDERBLOCK, our target is the low of week as our next external range liquidity raid. Courtesy of myself and I.
Short
by ZIPHO67