GBP/USD trades that i took this monththese are the trades that i took for this starting week of the month its a tough battle but i have to keep fighting and stay disciplined OANDA:GBPUSD
USDGBP trade ideas
GBP/USD BUYThis trade is closed now but it is me logging it for anyone and everyone.
This analysis is based on the provided image and should not be considered financial advice. Trading involves risks, and it is essential to conduct your own research and consult with a financial advisor before making any trading decisions.
GBPUSD Bearish ContinuationGBPUSD price seems to exhibit signs of overall Bearish momentum as the price action may form a credible Lower High with multiple confluences through key Fibonacci and Resistance levels which presents us with a potential short opportunity.
Trade Plan :
Entry @ 1.2580
Stop Loss @ 1.2830
TP 0.9 - 1 @ 1.23550 - 1.2330
GBPUSD UP TRENDGBP/USD Bullish Entry Alert!
1. The GBP/USD pair has consistently followed an uptrend, signaling strong bullish momentum.
2. Now is the perfect time for a bullish entry at 1.25170.
3. The target level is set at 1.31010, presenting a promising profit opportunity.
4. Resistance is observed at 1.33760, a crucial level to watch for further breakout potential.
5. The support line stands firm at 1.21015, acting as a safety net for price pullbacks.
6. The EMA 50 indicator confirms the upward trend, reinforcing the bullish sentiment.
7. The 4-hour time frame shows strong price movement in favor of buyers.
8. Recent price action suggests increased buying pressure near the entry level.
9. A break above 1.31010 could further fuel the bullish rally toward higher highs.
10. If the price retraces, 1.25170 should act as a key re-entry level for bulls.
11. A retest of 1.21015 would indicate a potential shift in trend if broken.
12. Volume analysis supports the idea of strong accumulation by buyers.
13. Traders should monitor momentum indicators for confirmation of sustained bullish movement.
14. Holding above the EMA 50 would keep the bullish scenario intact.
15. A clean break above 1.33760 could push GBP/USD to new yearly highs.
16. Risk management is essential; stop-loss levels should be placed below 1.25170.
17. News and macroeconomic data may influence price fluctuations, so stay updated.
18. Market sentiment favors GBP strength against the USD in the near term.
19. Patience is key—let the price action confirm the bullish move.
20. Trade wisely, and may the trend work in your favor!
#GBPUSD #Forex #Trading #BullishTrend
The Day Ahead 07th March '25 US Jobs Report DayFriday March 7
Data: US February jobs report, January consumer credit, China February foreign reserves, trade balance, Germany January factory orders, France January trade balance, current account balance, Canada February jobs report, Q4 capacity utilisation rate
Central banks: Fed's Powell, Kugler, Bostic, Bowman and Williams speak, ECB's Lagarde, Nagel, Knot, Panetta, Kazaks and Centeno speak, BoE's Mann speaks
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GBP/USD Chart AnalysisGBP/USD Chart Analysis
### **📊 Key Levels & Trading Plan**
🔹 **Current Price:** 1.28900
🔹 **Resistance Level:** 1.29050
🔹 **Support Level:** 1.28600
🔹 **Indicator Used:** EMA50 (Exponential Moving Average 50)
### **🔺 Bullish Scenario (Buy Trade)**
- If **price breaks above 1.29500**, it confirms bullish momentum.
- **Target:** 1.29800 (potential next resistance).
- **Stop Loss:** Below 1.28600 for risk control.
### **🔻 Bearish Scenario (Sell Trade)**
- If **price breaks below 1.28600**, it confirms a bearish move.
- **Target:** 1.27800 (potential next support).
- **Stop Loss:** Above 1.29100 for safety.
### **🛑 Risk Management**
✅ Always set a **stop loss** and follow **proper risk-reward strategy**.
✅ Keep an eye on **EMA50**—if price remains above EMA50, bullish momentum is strong.
✅ Watch for market volatility before taking positions.
DeGRAM | GBPUSD will correct before continuing to growGBPUSD is in an ascending channel between the trend lines.
The price is moving from the lower boundary of the channel, but has already reached the 62% retracement level.
Indicators point to an overbought chart.
We expect a local correction before the growth continues.
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GBPUSD Sell Trade Analysis & Execution Plan*GBPUSD Sell Trade Analysis & Execution Plan*
*Key Technical Rationale:*
1. *Fibonacci Retracement (61.8%):* Price reversed after testing the 61.8% Fib level, a classic reversal zone in downtrend corrections. This suggests a potential resumption of the broader downtrend.
2. *Bollinger Bands:* The breach of the upper band (20-period, 2σ) signals short-term overextension, often followed by a reversion to the mean (mid-band).
3. *Williams %R:* Overbought confirmation (above -20) aligns with the Bollinger Band breach, strengthening the bearish reversal case.
4. *Resistance at 1.3000:* A psychological and technical barrier where selling pressure emerged.
---
*Trade Strategy:*
- *Entry:* Sell near 1.3000 (ideally on a bearish candlestick pattern or rejection signal).
- *Stop Loss:* Place above 1.3050 (50 pips risk) to account for potential false breakdowns.
- *Take-Profit Targets:*
- *TP1: 1.2810* (Near-term support, 190 pips profit).
- *TP2: 1.2700* (Key swing low, 300 pips total profit).
- *TP3: 1.2570* (Corrected typo; aligns with longer-term support, 430 pips total profit).
*Risk-Reward Ratio:* 1:3.8 (50 pips risk vs. 190/300/430 pips reward).
---
*Critical Considerations:*
- *Trend Context:* Confirm the broader trend is bearish (lower highs/lows on daily chart).
- *Fundamentals:* Monitor BoE policy, UK/US economic data, and USD strength catalysts (e.g., Fed rate expectations).
- *Confluence:* Watch for bearish RSI/MACD divergence or increasing volume on the reversal for added confirmation.
*Conclusion:* A high-probability setup if technical conditions hold, but ensure strict risk management and adapt to real-time price action.
GBPUSD W1 CONFIRMED DIRECTION!!The Balanced Price Range (BPR) forms when the fair value gap overlaps the fair value gap in the opposite direction. This means that there is no sell side and buy side inefficiency in the price.
The goal of a successful trader is to make good trades, money is secondary.
GBPUSD BULLISHMy quantitative analysis systems indicate that the current bullish trend should proceed up to the indicated price level.
check the trendIt is expected that after some fluctuation, a trend change will form and a correction will begin to form up to the support trend line.
GBP/USD at 1.2880, Awaits NFP ReportGBP/USD holds modest gains around 1.2880 in Friday’s Asian session, recovering from the previous decline as investors await the US Nonfarm Payrolls (NFP) report. Meanwhile, the US Dollar Index (DXY) extends its five-day decline, pressured by falling Treasury yields, with the 2-year at 3.94% and the 10-year at 4.24%. Markets increasingly expect the Federal Reserve to adopt a more aggressive rate-cutting stance due to economic growth concerns.
Analysts at MUFG Bank suggest the Fed may shift focus from inflation control to economic growth, especially amid tariff uncertainties. Consumer confidence has weakened, reflecting rising household concerns.
In the UK, expectations for BoE rate cuts in 2025 have dropped below 50 basis points. BoE’s Catherine Mann stated that gradual rate changes are ineffective in volatile markets, advocating for larger cuts to provide clearer policy signals.
If GBP/USD breaks above 1.2920, the next resistance levels are 1.2980 and 1.3050. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
GBPUSD BUYING AREAGBPUSD is approaching a key buying area where strong support is expected. If the price holds above this zone and shows bullish confirmation, we could see a potential upside move.
Traders should watch for bullish candlestick patterns, trendline support, or a breakout signal before entering a trade. A strong bounce from this area could lead to a continuation of the bullish trend.
Stay patient, wait for confirmation, and manage your risk wisely! 📈🔥
Technical Analysis by Ali Khan
My Idea on GBP/USDBias
Weekly - Bearish
Daily - Bullish
Idea
Because of the Simple Rule HTF is King (In my Scenario Weekly > Daily). We are currently in the weekly 70% Zone. So I assume a continuation in the weekly trend -> Weekly LL.
Daily is still bullish so right now we should be careful. If Market gives us a Sign on H4/H1 (which is difficult rn because EUR flew crazy), I would short to potentially take out the daily low which would follow the weekly trend. If Market decides to go higher, i would look at the same short scenario as here.
Potential Longs are also possible because as you see daily internal aligned with daily again.
So all in all I am careful right now because 1. Market is crazy right now 2. Weekly vs daily 3. NPF Tomorrow (maybe we know more tomorrow)
GBPUSD InsightHello, dear subscribers!
Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- The ECB cut its key policy rates by 25 basis points in its monetary policy meeting. However, by removing the phrase "still restrictive" from its statement, the central bank hinted at a possible pause in rate cuts.
- President Trump, after a call with Mexican President Claudia Sheinbaum, decided to postpone tariffs on Mexican goods under the USMCA agreement until April 2. Despite tensions with Canada, he also ultimately decided to delay tariffs on Canadian products until the same date.
This Week's Key Economic Events
+ March 7: U.S. February Nonfarm Payrolls, Unemployment Rate, Fed Chair Powell’s Speech
GBPUSD Chart Analysis
After smoothly breaking through the 1.27000 resistance level, GBPUSD has climbed to the 1.29000 range. While the price is currently pausing at this level, the upside remains open up to the 1.31000 level, suggesting further gains. In the short term, a pullback to the 1.27000 level before resuming the upward trend is possible.
GBPUSD Trading Journal March 7 Analysis GBPUSD Trading Journal
March 7 Analysis
Price is in a Premium on the M/W.
I admit that I have been more focused on DXY and EUR over GBP. I analyze this chart for clues and if set ups form when EUR doesn't.
Price rallied over 300 pips compared to over 400 pips in EUR. Price did not want to retrace to the previous session the last 3 days.
Note the patterns you witnessed this week during study this weekend what your take aways are.
Today is NFP. Will Price come to the previous session 50 in a retracement. Or follow logic of parent logic we are in bullish conditions and Price seek higher prices today with the NFP.
Bullish continuation?The Cable (GBP/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 1.2801
1st Support: 1.2688
1st Resistance: 1.2990
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Bearish drop off pullback resistance?GBP/USD has reacted off the resistance level which is a pullback resistance that lines up with the 100% Fibonacci projection and could drop from this level to our take profit.
Entry: 1.2921
Why we like it:
There is a pullback resistance that lines up with the 100% Fibonacci projection.
Stop loss: 1.2992
Why we like it:
There is a pullback resistance level.
Take profit: 1.2812
Why we like it:
There is a pullback support that is slightly above the 38.2% Fibonacci retracement.
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GBPUSD 1HOUR CHART TECHNICAL ANALYSIS NEST MOVE POSSIBILEThis chart represents the GBP/USD (British Pound / US Dollar) currency pair on a 1-hour timeframe. Here’s what it indicates:
1. **Support Level (Yellow Zone)**:
- The price previously found strong buying interest at this level.
- Multiple touches in this zone indicate strong demand, leading to a bullish rally.
2. **Uptrend and Rejection (Blue Lines & Box)**:
- The price moved upward from the support level, forming a strong bullish trend.
- It reached a resistance zone (highlighted in blue), where selling pressure increased.
- The price struggled to break above this resistance.
3. **Break of Trendline & Bearish Indication**:
- The uptrend trendline has been broken, signaling potential trend reversal.
- The blue arrow suggests that the price might move downward, possibly targeting the red level at **1.27846**.
### Conclusion:
- The chart suggests a **potential bearish movement** after failing to break resistance.
- If the price sustains below the broken trendline, it could decline toward **1.27846** or lower.
- Traders may watch for confirmations like **bearish candlestick patterns** or a retest of the broken trendline before taking positions.
Would you like any further explanation?
GBPUSD Is About To RetraceTrump is shaking up the markets. Contrary to the expectations of many market observers, the dollar is showing surprisingly significant weakness.
If we look at the GBPUSD chart, we see a brilliant rally. However, the price has weakened recently, which is why we expect a temporary correction of the bullish trend to the target zone shown.
The trade offers an excellent RRR of more than 4.8:1.
GBPUSD STRONG ANALYSIS 1. Over-Reliance on the Ascending Channel
The chart assumes price will stay within the current rising channel, but price action often breaks such structures. A bearish breakdown could invalidate this projection.
If 1.26070 support fails, we may see a larger downtrend rather than a bounce.
2. Resistance Might Be Stronger Than Expected
The 1.8060 resistance is plotted far from the current price (1.28773). Assuming such a long-term rally without testing lower levels could be overly optimistic.
Sellers may push price down near 1.2700 or lower before any meaningful bullish move.
3. Volume and Momentum Are Missing from the Analysis
There's no clear volume confirmation supporting the bullish move. If buying volume weakens, the price may consolidate instead of rallying.
RSI/MACD divergence could indicate exhaustion, leading to a bearish reversal.
4. Macro Factors Could Invalidate This Setup
The British Pound is highly sensitive to economic data (inflation, interest rates, etc.).
If upcoming news favors the USD, the GBP/USD pair could break below support levels rather than respecting the predicted bounce zones.
Possible Alternative Scenario
A false breakout above recent highs could lead to a reversal, with price targeting 1.26070 or even lower levels before finding real bullish strength
GBPUSD LONG After liquidating an alltime low back in 2023 GBPUSD has been strongly bullish thought the whole years and before you is a bullish continuation analysis.
I'm expecting price to react from the unmitigated orderblocks for continuation. It's quite self explanatory with the path arrow. I'm expecting new highs this year
