USDGBP trade ideas
GBPUSD - ShortsFirst published idea of the year!
I am looking for the markets to pull back into the 1.28 area before looking for a potential bullish continuation.
Note(s): My entry got missed by 2.4 pips lol & the 1.26 area is a bit ambitious haha..
Lets see how markets move in the Asian session going into the London open.
GBP/USD Bullish Channel โ Buy Opportunity! Overview:
The British Pound (GBP) against the US Dollar (USD) is currently trading within an ascending channel on the 4-hour timeframe. The price is approaching a key buy zone at the lower trendline, presenting a potential long opportunity if bullish momentum continues.
Key Market Structure Analysis:
๐น Uptrend in Progress: GBP/USD has been forming higher highs and higher lows inside a well-defined rising channel.
๐น Support Zone: A potential buy entry is around 1.2925, aligning with the lower boundary of the channel.
๐น Target Projection: If the price bounces from support, the next key resistance target is 1.3085.
Potential Trade Setup:
โ
Bullish Scenario:
A retest and bounce from 1.2925 could trigger a buy setup.
Upside target:
๐ฏ 1.3085 โ Key resistance level within the channel.
โ ๏ธ Bearish Scenario (Invalidation):
A break below 1.2925 could invalidate the bullish setup and signal a deeper retracement.
Below the channel support, price might target the 1.2600 region as the next demand zone.
Final Thoughts:
GBP/USD remains in a strong uptrend, with the lower channel support acting as a key decision point. If bulls defend this level, we could see further upside momentum. However, a breakdown of the structure could shift the sentiment.
Will GBP/USD continue its bullish momentum? Share your thoughts below!
GBP/USD Short Position AnalysisThe British Pound is dancing to a bearish tune, and our strategy has spotted a rhythmic opportunity in the GBP/USD currency pair. Like a seasoned hunter tracking its prey, the market has been carving out a downward trajectory, and now presents a textbook short opportunity that whispers promises of profit.
GBP/USD Short Position Analysis:
Market Setup:
Entry Price: 1.29715
Stop Loss: 1.29942
First Target (1.5R): 1.29204
Technical Confirmation:
30-Minute Chart: Bearish signal and trend
EMA Alignment: Confirmed
Setup Type: Continuation (CR)
Risk Profile:
Tight stop of 0.00227
Clear downward momentum
Validates multiple strategy checkpoints
Key Observations:
Trade follows established bearish trend
Strong technical setup with multiple confirming indicators
Clean entry with well-defined risk parameters
Trading Plan:
Close 50% at 1.5R (1.29204)
Move stop to breakeven after initial profit
Keep final portion as a trailing position
Trading isn't just about numbers; it's about understanding the market's rhythm.
Right now, GBP/USD is moving like a jazz musician - unpredictable, yet following a subtle, underlying structure.
Our strategy isn't just trading; it's interpreting the market's musical score.
Recommendation: Ride the bearish wave, but with the discipline of a seasoned surfer. Watch the 30-minute candles like a hawk, be ready to adjust your stop, and let a portion of your trade run free with the 55 EMA as your trailing companion.
The market is calling. Are you ready to answer?
UPDATE ON GBP/USD TRADEGBP/USD 15M - It looks as though price has come to test this area for a second time, setting a double bottom pattern, I am now expecting the next push higher to take place.
For those of you who implemented safety measures like me, we can look to get re-introduced, once price pulls-back fractally into an area of interest.
There is an area around our original entry point that looks good to go long from, this is a 15M hidden order-block. I would like to see price come down to clear this before a continuation higher.
As soon as I have relevant confirmation to enter in long on this position again I will give you all the heads up with the trade I am placing. A massive well done to all involved in this market, keep your eyes peeled for our next entry.
GBPUSD: HTF TA (2W)High Timeframe Technical Analysis: 2-Week Chart
๐ MARKET OVERVIEW
The GBP/USD pair is currently in an uptrend. Based on the latest pivot analysis, price action has respected key pivot lows and is approaching critical pivot highs, which serve as resistance zones.
๐ด Sell Orders (Resistance Zones)
Sell Order @ 1.43770โณ(Supply Zone)
Sell Order @ 1.41784โณ
Sell Stoploss @ 1.37765 ๐ซ
๐ต Buy Orders (Support Zones)
Buy Order @ 1.0564 โ
(Demand Zone)
Buy Order @ 1.09872 โ
Buy Order @ 1.16854 โ
Buy Order @ 1.28425 ๐(Current Level)
TP 4 Target @ 1.35755๐ฐ
๐ฉ Current trend favors bullish continuation , with potential for price to break above 1.28425 and head towards the next resistance at 1.35755.
๐ Oscillator & Indicator Summary
RSI (14): 60.00 (Neutral)
Stochastic %K: 95.77 (Neutral - Overbought)
CCI (20): 150.29 (Neutral)
MACD (12,26): 0.00034 (Bullish Momentum)
Momentum (10): 0.0767 (Bullish)
๐ก Momentum and MACD indicate a bullish continuation, but Stochastic %K suggests overbought conditions, signaling potential consolidation or a minor pullback.
๐ Moving Averages Trend (Bullish)
โ All major moving averages (10, 20, 30, 50, 100, 200) indicate a BUY signal
โ EMA (200) @ 1.27390 and SMA (200) @ 1.27143 provide strong dynamic support
โ VWMA (20) @ 1.26057 confirms buying pressure
๐ Trading Strategy & Recommendations
๐ Bullish Scenario
๐น A break above 1.28425 could push GBP/USD towards 1.35755
๐น If momentum persists, next resistance levels are 1.37765 - 1.41784
๐น Buy entry can be considered near 1.26890 - 1.27560 with SL below 1.23683
โ Bearish Risk Factors
๐น Overbought indicators may cause temporary pullbacks
๐น Resistance near 1.35755 could trigger retracement
๐น If price drops below 1.23683, downside risk increases
๐ฏ CURRENT SETUP:
โ
Buy Entry @ 1.26890 - 1.27560
๐ฏ Target 1: 1.28425
๐ฏ Target 2: 1.35755
๐ Stop-Loss: 1.23683
๐ Monitor price action near the current pivot high and trade cautiously.
GBPUSD - possible we'll see some correction soon. GBP/USD: Possible Reversal from 1.27500 ๐
The GBP/USD pair is approaching the multi-year resistance level of 1.27500. On the 4-hour chart, we see a potential formation of the fifth impulse wave. This wave is not yet complete, but there is a high probability of its termination around this level.
A significant correction may follow, providing an opportunity to consider short positions ๐ฏ with targets in the 1.25700โ1.25 zone.
Keep an eye on confirming signals! ๐๐
Mister Y - GU - Wednesday - 19/03/25 Top down analysisAnalysis as always done directly on the chart
Do your analysis, create a plan for entry, exit, and management
And be ready to react to the market, with time you will gain more
experiences if you really put dedication and hard work (+smart work)
and develop more your pattern recognition
Not financial advice, DYOR.
Market flow strategy
Mister Y
GBPUSD Technical Analysis by TradingDONIโve seen the price sitting in discount territory, and the Fibonacci trend line is already broken. If GBPUSD closes a 1-hour candle below that trend line with strong bearish momentum and tears through the purple box, Iโm aiming for 1.29547. On the flip side, if GBPUSD closes a 1-hour candle above the trend line with solid bullish momentum, Iโm eyeing 1.30315 as resistance.