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GBPUSD trade ideas

GBPUSD buying strategy remains optimisticDear traders! As Conan mentioned in the previous analysis GBPUSD completely ended the entire downtrend with a consolidation breakout above downtrend resistance and is now trading active on the 10 hour timeframe and reaching 1.2704 . In such a scenario, we are expecting further strengthening with various Federal Reserve speakers due to speak later in the day. On Wednesday, UK Consumer Price Index inflation data and FOMC Minutes will be closely watched. These statements can significantly influence the couple's trajectory. However, technically this currency pair is still well supported on an upward trajectory with two EMA lines at 34.89 that have reversed, showing that corrections may occur but are not significant, buyers are still attractive guide. This price increase is expected to reach 1.2800 and 1.2850 at least.
Long
by ConanForex
16
GBPUSD: A Swing Buy Opportunity! DXY will be plummeted soon.FX:GBPUSD GBPUSD is far over from swing selling yet, our previous idea closed on breakeven, we now expect price to grow and grow big in soon time. However, we do not expect price to rise in days but in weeks or months we can see price to growing to newest higher high of the year. We ask all of you to maintain utmost risk management. **If you like our work then please like, comment the idea and follow us which will encourage us to bring you more content** Team SetupsFX_
Long
by Setupsfx_
16
GBPUSD buy message for medium to long termHello dear traders! GBP/USD maintained stability at 1.2700 early Tuesday after remaining largely unchanged during the week's opening session. While the technical outlook still suggests a continuation of the uptrend, the pair's price action could remain difficult ahead of key inflation data from the UK on Wednesday. Technical analysis: The bullish outlook is supported by a triangle price pattern, while the recent crossover of the 34 and 89 EMAs facilitates further upside. Therefore, the price trying to overcome downtrend resistance is gradually opening the door for a breakout. About the breakthrough: It is expected that after overcoming the resistance at 1.2847, the price is likely to consolidate at this level. A confirmation of this consolidation could take the price further to the next target of 1.3760 and 1.4256. In short: The chart is currently showing GBP/USD gradually forming a more positive pattern for short and long-term investors (and also putting pressure on those who are selling) with the prospect of a breakout subsequent breakthrough and growth. I appreciate this opportunity, especially in the context that the USD is showing signs of weakness that could happen at any time.
Long
by ConanForex
13
GBPUSD maintains gains above 1.2700Dear traders! As Conan predicted earlier, the GBP/USD pair remains well supported across the price channel amid hotter-than-expected UK CPI inflation data, reducing interest rate cut bets on June from the Bank of England. So the lack of change from yesterday's session above 1.2720 on Thursday and the consolidation above 1.2700 in time should not come as too much of a surprise. Fundamentally, the outlook is positive. With this sustained high it is likely that the ideal swing zone of 1.2700 on the 2-hour time frame is likely to be tested for strong accumulation before strengthening further towards the psychological figure. 1.2800.
Long
by ConanForex
11
GBPUSD is about to test an upward price channelConan hello everyone! Now, GBP/USD extends gains for the second straight session, trading around 1.2710 during Asian hours on Monday. A weaker US dollar supports the pair. Sterling may face a challenge as the BoE is expected to cut interest rates by 60 basis points in 2024. With the current uptrend remaining stable and the EMA 34.89 showing no signs of reversal, this is a supporting factor for this pair, helping to reduce short-term risks. Meanwhile, buyer confirmation above 1.2635 resistance is allowing technical buyers to materialize a bullish phase. Fundamentally and technically the market is showing positivity, these factors are currently the main drivers supporting the pair to test the limits of the 1.2855 channel at least.
Long
by ConanForex
6
GBPUSD paints a bearish scenarioDear traders! GBP/USD recently recovered and stabilized above 1.2700 after falling to weekly lows below 1.2680 early in the European session on disappointing UK Retail Sales data . GBPUSD's upside stalled over the weekend below strong resistance at 1.2750 in a bearish framework as the USD struggled to find demand on the upbeat risk mood and allowed the pair to hold its ground. mine. So above that at 1.2800 still poses a challenge and is the target of the bulls fighting next week. The current support level is around 1.2646. If this level is surpassed, there is a possibility that GU will fall deeper, potentially reaching 1.2646 because the general context is still not showing any strong upward trend in the market.
Short
by ConanForex
6
GBPUSD → A false breakout draws a pin bar. Sellers are winning FX:GBPUSD is forming a test of the resistance level at 1.271. There is a struggle for the level during the week and apparently the sellers are winning (pinbar is formed and consolidation under the level). Technically, the downtrend was broken earlier, but there was no confirmation of the boundaries and confirmation of the trend change, so the area of 1.271 may become the zero point for the beginning of the correction. The currency pair on the background of fundamentally strong dollar may go down to 1.2664 with the subsequent breakout and fall to 1.257. Overall, the environment is unstable due to high inflation and regulators' decisions. Resistance levels: 1.271, 1.28 Support levels: 1.2664, 1.257 I expect the beginning of correction to the support area, although the bearish channel was broken earlier, but there are no strong bulls in the market yet. Regards R. Linda!
Short
by RLinda
6
GBP/USD POTENTIAL SHORTSGBP/USD 1H - This is one of the final markets I am looking at this week, I feel price is going to continue with this bearish momentum. As you can see price has traded us up and into the Supply Zone above. I want to see price now trade us back up and into the more fractal area of interest the second Supply Zone. I feel this will be a perfect place to enter in on short positions from, its just important we WAIT for entry confirmation before placing. We have had a break in the low that traded price up and into the first Supply Zone, meaning we have had a fractal break now we want to see price trade us into this second one and deliver us with a more fractal break. This will give us the confirmation that the correction trading us into the Supply zone has finished and the new leg taking us lower is ready to take place, deeming us a valid entry.
Short
by Lukegforex
4
GBPUSDT → USD BECOME WEAK?hello guys... do you think usd dollar will become weak? I think the price is on QML now and it will do some corrections! however, it is not a strong Quasimodo pattern due to the head location! so the price will start an upward movement until the MPL level! MPL level will make the price some (just a little) correction and then the price will go to 1.27$ level that is mentioned! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
3
Casting the Trade Spell Riding the waves of GBPUSD CORRECTION Hello dear traders what do you think about this pair please comment..!? 📉 Behold the tumultuous dance of the GBP/USD currency pair as it boldly shatters the chains of its trend line and crucial support zone! 🎯 With precision akin to a seasoned archer, it now sets its sights on a predetermined destination. 🏹 As the correction journey unfolds, a tantalizing prospect emerges—a potential pullback to revisit the sacred ground it once conquered. 🔄 Amidst the charts and candlesticks, a golden opportunity gleams like a hidden treasure—a chance to wield the scepter of the seller and navigate the waves of correction with finesse. 💼💰 Let us embark on this voyage with confidence and strategy! 🚀 Trend Line: The breach of a long-standing trend line typically signals a potential shift in market sentiment. This trend line could have acted as a dynamic support or resistance, and its break suggests that the previous trend might be weakening or reversing. Support Zone: The break of a crucial support zone is often considered a bearish signal. This zone might have been providing a psychological floor for buyers, and its failure could trigger stop-loss orders, accelerating the downward movement.
Long
by MrCharlie1
GBPUSD - Possible reversal moveThe GBPUSD is currently in a bullish trend, characterized by higher highs and higher lows. However, the price action has developed a bearish divergence alongside a rising wedge pattern, indicating a potential bearish reversal. A critical level to watch is 1.26864, the previous higher low; a break below this point would signal bearish control, with an expected decline of 0.93%. The recommended strategy is to sell if the price breaks below this level, setting a stop loss at the previous higher high to manage risk.
Short
by AnalytixEdgeByQasim
2
CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!🎯Trade Update: GBP/USD We have some great news on our recent GBP/USD trade! 💲 After analyzing the market conditions and identifying a solid setup, our trade has successfully Hit Take Profit 1 (TP1). This made sure that the majority of our positions have been secured and cashed out some of our gains, allowing us to lock in profits and reduce risk. Following this, we moved our stop loss to breakeven to ensure no loss on the remaining position. This strategy not only protects our capital but also gives us the opportunity to capture further potential gains with zero risk on the table and cashing out on TP2s and TP3s. After we moved our SL to Breakeven, the price rallied to the upside and tapped us out on Breakeven. Stay tuned for more updates and happy trading! 🚀
Short
by TTradessss
1
GBPUSD - Potential long ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for long position. My point of interest is if price makes a retracement and then rejects from trendline + liquidity zone. Fundamental analysis: This week on Wednesday (GMT+3) we will see results of yearly CPI on GBP, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2