GBPUSD trade ideas
GBP/USDT Short Position InitiatedManage your risk effectively, as trading carries inherent risks. Ensure to set appropriate stoploss levels and maintain a disciplined approach to protect your capital.
GBP USD Trade Setup Possible selling opportunity on GBP USD ???
Double Top at a Supply Zone
Currently forming a Doji and Close below candlestick pattern,
Let me know your thoughts in the comments
Falling towards pullback support?The Cable (GBP/USD)n is falling towards the pivot and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 1.2908
1st Support: 1.2866
1st Resistance: 1.3024
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPUSD - Short TradePrice swept liquidity from the inside day bar (white color) and broke a market structure.
The target will be opposite liquidity pull (Inside day bar high)
Keep it simple and consistent =)
GBPUSD possible Bullish in the short termGBPUSD may be Bullish in the short term if the price finds support at the 1.2950-1.2980 zone and forms a bullish reversal pattern, a potential bounce could target the 1.3020 resistance level.
For long positions, waiting for a confirmed reversal signal, and a bullish divergence on the MACD.
GBPUSD - long - countertrend tradethis is an analysis using the market structure, I simply use the concept of movement in Z (waves) of the price. A simple analysis will always be more efficient and much easier to understand and respect. Follow the established strategy and trading plan to have realistic results
GBPUSD Short IdeasHi Guys,
From my pov, i see that we still cannot go long with xxx/usd pair. For me i will take a shot for this short then long after market forming a better setup
GBPUSDHello everyone!
I was quite surprised by the GBPUSD movement yesterday when there was a double-sided sweep and it is currently at 1.2966.
But! Looking more objectively on the 1-day timeframe we can see that GBPUSD is being squeezed at the upper limit of the ascending channel and the breakout from the previous support is putting pressure on the pair.
In the short term, I still favor selling targeting the lower part of the ascending channel at 1.2700.
Good luck
The downward tend of GBPUSD has reversedThe downward tend of GBPUSD has reversed
The downward trend of GBPUSD has been broken,
and the oscillation area has been broken as well.
Therefore, continue to buy GBPUSD around 1.2997
SL: Below 1.2965
TP1: 1.3065
TP2: 1.3155
GBPUSD : Continue to prioritize sales strategy!The GBP/USD pair continued its decline, reaching around 1.2945 during early Monday trading. The U.S. dollar strengthened amid expectations that the Federal Reserve may take a less aggressive approach to policy easing, which pressured the pair downward.
3 candle confirmationCheck in M5 for 3 bearish candle confirmation to enter this trade for early, if you don't want to miss out.
Wait for the candle confirmation . Updating this now so later I can update again- Check the comments below for further update later.
Potential bullish rise?GBP/USD has reacted off the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.3000
Why we like it:
There is a pullback support level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 1.2976
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.3053
Why we like it:
There is a pullback resistance level.
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Bearish drop?The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback resistance and could srop to the 1st support which acts as a pullback support.
Pivot: 1.2989
1st Support: 1.2915
1st Resistance: 1.3033
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBP/USD BEARISH MOVEMENTas we can see GBP/USD is in down trend,so we are looking for selling opportunity.after market break last swing low and make a pullback now market is at supply zone a good area to sell GBP/USD and targeting demand zone,find entry in 15 or 30min.see you at demand zone
GBPUSD FORCASTThis pair is looking good, due structure formation which we can see everything is looking well, pattern completion and the nature of the price action itself it is really promising traders! So let's be patient looking for how the market will develop.
GBPUSD Current market conditions show trend continuation signals across multiple timeframes, with key levels identified for potential entries and targets.
GBP/USD Daily Chart Analysis: Short-Term Trend Channel: The price is moving within a downward trend channel, marked in blue. This indicates continued downward pressure in the short term.
Bullish and Bearish Scenarios:
Bullish Scenario: As shown by the blue arrows on the chart, the price might make a corrective move up toward the upper boundary of the channel. The target for this movement could be around the 1.32631 level. If this rise occurs, there could be potential buying opportunities.
Bearish Scenario: If the price reaches the upper boundary of the channel, it might encounter resistance and resume a downward trend. In this case, it could potentially drop back to the 1.2960 level or even lower to the support levels at 1.28166 and 1.26647.
Support and Resistance Levels:
Resistance Levels: The 1.33900 and 1.34450 levels are strong resistance zones. If the price reaches these levels, it may face significant selling pressure.
Support Levels: The 1.28166 and 1.26647 levels are possible support points. If the price declines to these levels, it might find upward momentum.
Risk Management: The red zone appears to be a potential stop-loss area, likely set to manage risk during the upward correction.
Trendline: The yellow trendline forms a significant support area for the price direction. As long as the price remains above this line, there’s a chance for upward movements to continue.
Overall, this analysis suggests a short-term upward correction followed by a potential continuation of the downtrend. Resistance and support levels can be monitored for entry and exit points.
gbpusd buygbpusd is now at is support area on both trend line support and the horizontal support line that has previously acted as the resistance line... so the level is very important for bounce... as the dxy has previously made a bullish rally without any major retrace . so the majour retracemnt will help the gbpusd to go upto our target ares.... inshallha this trade will make a handsome profit with expected move as mentioned.... stay tuned
UK Budget Upcoming | GBP Sink Or Swim?This upcoming budget could have a large impact on UK markets and the GBP.
Lots to talk about and discuss, as well as charting to be done.
GBPUSD Ready for a breakthroughHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD SELL SETUP !! “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” -William O’Neil
GBPUSD Trade Setup: 300+ Pips Rally AheadGBPUSD is poised for a strong rally with a potential upside of 300+ pips, confirmed by earlier analysis on the DXY. We’re anticipating the DXY to move down into its daily demand zone, after which it’s likely to fill the Fair Value Gap (FVG) on the Daily timeframe. This setup aligns well for a GBPUSD buy, keeping in mind that this rally is a move toward supply.
Our target is set around the 1.3250 level, where we’ll be watching for bearish signals to potentially reverse the position.
Also, check out my profile for a detailed EURAUD setup!
