check the trend As long as the price fluctuates above the green support range, it will be possible to continue the upward trend according to the specified paths by STPFOREX1
GBP/USD Short (short term)Daily fell below previous week high. We build a reversal and rally-base-drop on 4h, what indicates rejection above previous day high. We are now trading and building rejections on the order block that brough us below the high around 1.2766. If we get a 30min reversal candle, I would sell this with first TP around today days low at 1.2743Shortby MichaelBwUpdated 2
possibility of correction The price is expected to fluctuate above the current support range and then continue the upward trend. If the support range is broken, it will be possible to continue the downward trend up to the specified support levelsShortby STPFOREX1
sell 1h expected / signal Profit limit: 1.27350 1.26933 1.26455 The reason why we are sellers before breaking the trend line is that in 4h the price has reached its main supply and it is very unlikely that it will break upwards {probability}. {check first then use} Remember there is no 100% in financial markets. Shortby ZADERAMEZAN-FXUpdated 2
The latest analysis and advice from the professionals!Hello, trader. The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 1.2656 and 1.2647. Additionally, one medium-risk buy zone between 1.2705 and 1.2700, respectively, are highlighted. Important Demand Zone: Identified between 1.2656 and 1.2647, serving as a low-risk buy. Medium-Risk Buy Zone: Noted between 1.2705 and 1.2700, suggesting another area with moderate risk for potential buying positions. Bullish Targets (low-risk): 1.2690: Possible retracement area. 1.2700: Possible retracement area. 1.2755: Possible retracement area. Ultimate Target: 1.2815- Liquidity area. Bullish Targets(med-risk): 1.2700: Possible retracement area. 1.2755: Possible retracement area. Ultimate Target: 1.2815- Liquidity area.by Future-transactionUpdated 3
GBPUSDWe looking for buying opportunities as we are still inside the bullish trend resulting in continuation of buying opportunities as the market is still respecting the support zone-1H TIMEFRAMELongby officialpotego_fx1
check the trend Considering that the price is at the end of the corner pattern, with a failure in any direction, the continuation of the movement trend in the same direction is likely. It is expected that the beginning of the downward trend will be formed after crossing the support range.by STPFOREX1
GBPUSD analysis week 24📌GBP/USD eases from 1.2765, keeping gains modest. GBP/USD hit a two-day peat at 1.2765 during the US session, as US data showed core PCE inflation held steady at 2.8% yoy in the month Private. The pair retreated later as risk aversion triggered demand for the US Dollar. 📌The possibility of the FED cutting interest rates in September is quite low. As the Fed has said they want to see inflation fall for months before considering a move to normalize policy, higher-than-expected inflation would significantly impact markets. FED interest rate cut will be delayed until November. If this index is lower, it will boost the prospect of FED lowering interest rates in September 📌The pair is trading within the border of the uptrend line and is strongly boosted by the EMA 34 and EMA 89 to extend the upward price momentum. The narrow price range of 1,280 and 1,268 that has been maintained continuously for the past two weeks could completely be broken in the next week with further resistance and support levels at 1,288 above and vice versa at 1,265 below. 🕯Trading signals SELL zone 1.28800-1.29000 SL 1.29300 BUY zone 1.26500-1.26300 SL 1.26000by TVS-TraderUpdated 10
GBPUSD Short IdeaApproaching Supply. DXY still very bullish indicating bearish sentiment on GU. Waiting for London session volume before potential set up to the downside. Shortby KerryDking1
GBPUSD DAY TRADING IDEA FX:GBPUSD .Price has hit a demand at about 1.27774 and has shown willingness to take some bullish moves . over all GBPUSD tends to want to continue on a shorterm uptrend just as predicted during yesterday's London SESSIOn analysis.. Based on Recent Confirmation I will be looking to go a short scalp BUYS when price Return to a discounted AREA.Longby fayzfx022
GBP, HUGE UPSIDE! Back to Long-standing 38-year support!!!I checked GBP tri-monthly chart which is not usually posted here -- and the pair is already telling us something on the direction it wants to go at broader long term spectrum. On the tri monthly data, GBP has started shifting its trend --- bouncing off it perfectly on a 38-year long standing very solid support. The pair's last visit to this price range was on April 1985. The pair is back at 1.0 FIB LEVEL (on tri-monthly) -- this is outrageously beyond bargain. Histogram wise, another higher lows was created conveying the current price range to be the last base price before the series of incoming series of ascend. Incoming Price valuation will be above average -- and that's an understatement. Bubble up volume (bottom indicator) finally appeared after almost 2 years (last one was July 2021). This is the 2nd straight appearance in 6 months this year, cementing the intention of the pair's target direction. Confidence on this pair's long term direction is firm. A 10% increase from current price within the next 12-16 months (very long candle on tri-monthly) is very possible. Spotted at 1.25 TAYOR. Safeguard capital always. Longby JSALUpdated 8828
Bullish prices for cableLooking for price to hit @1.28200. Aafter price reacted at 1.27838. I will like to see price heading to my level. Why tha level because overall we are bullish and there are low ressitance highs.Longby JuanFelipeCancino1
GBPUSD DAILY PLANMy daily plan for GBPUSD Is not different as the one for EURUSD. I expect a drop in the London session till at least the first support area at 1.274. This should probably be a fake drop to grab some liquidity from buyers, because my main bias Is bullish. I'll look for long opportunity there and if this level will not hold, i'll look for longs from 1.27Longby CryptoForexGem2
GBPUSD 30MPrice successfully reached Take Profit at 1.26917". This is a target price set by the trader where the trade will automatically close to lock in profits. Reaching this level indicates a successful trade where the expected market movement has occurred, securing the anticipated gains. This approach helps traders manage risk and ensure profitability by exiting the trade at a favorable price point.Shortby vbenking911
GBPUSD MONTHLY OVERVIEWGU is bearish on the long run. This is a common pattern which could see GU rise to 1.6 vs the Dollar. Longby WealthCreationFX1
Trading GBPUSD | Judas Swing Strategy 05/06/2024 At 8:25 AM EST, we got to our trading desk and started the day doing the basics on our Judas Swing strategy checklist which includes: - Making sure the timezone is set to New York time - Making sure we're on the 5 min timeframe - Marking the trading period from 00:00 - 08:30 - Marking the high and low of the zone We then waited for liquidity to be taken on either side of our trading zone, which will give us our directional bias for the trading session. Liquidity was taken at the highs after 15 minutes, signaling our focus would be on identifying potential selling opportunities. Precisely at 10:00, there was a significant bearish shift in GBPUSD that broke the structure, creating an FVG in the process. Keep in mind that high-impact news for the USD occurred at 8:15 and 10:00 EST, which can influence price movements. We then waited for price to retrace, filling or touching the created Fair Value Gap (FVG), and only executed our trade once the candle that touched or entered the FVG had closed. After executing the trade, price initially moved against us to fill part of the FVG left behind, it later moved slightly in our direction. However, it took a turn towards our stop loss. Despite this, we maintained confidence in our strategy, given its extensive backtesting, which has demonstrated a win rate of 52% on GBPUSD trades. Accepting the calculated risk of 1% of our account for the possibility of a 2% return, the closeness of the price to our stop loss did not shake us, and we kept our faith in the strategy. We anticipated an average position duration of 6 hours and 35 minutes, which could extend to 2x longer for the trade. We waited patiently, but our persistence did not yield results this time, resulting in a 1% loss in our trading account. It's important to note that we were on a winning streak for a few weeks and it's normal to have losing trades; no strategy guarantees a 100% win rate. However, with proper risk management and a favorable risk-reward ratio, the potential for profit can outweigh the losses. by CleoFinance1
Bear pressure is building! This is a move on GU that I have been waiting for. I need further confirmation that it want to move forward with what I am seeing so I waiting for London session to see how price reacts to the added volatility. I'm thinking that now that we have established a high for the month, price can really start to move. Key is to remain patience and just wait for price to come to you. Short02:10by DWoodzUpdated 1
GBPUSD Bullish Trend ContinuationThe GBPUSD has made a wave structure (3) which signifies a strong up-trend is ongoing and we should be expecting a test or a break of the high. The Current price area is a High probability Buy Zone using the Fibonacci. Buy Profit Targets : T1 1.2849 & T2: 1.2902 Stop Loss:1.2733Long06:10by Charts247TradingAcademy111
GBPUSD LONG based off previous weeks, price has been rejecting off this area, so there is a high probability this will happen again, Hence why taking advantage of the confluence available and getting in on the move Market Structure Bullish on HTFs 30% Weekly Rejection at AOi Entry was at the Daily AOi Daily rejection from AOi Around Psychological Level 1.27000 Touching EMA Candlestick rejection Y Rejection from Previous structure Levels 4.05 Entry 75% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#Boost Longby mobbie_zwUpdated 2
idea on a zoneWe have a great set up on this trade great zones.The surge in non-farm payrolls triggered a dollar jump across the board while risk appetite deteriorated. US non-farm payrolls increased 272,000 for May, much higher than consensus forecasts of around 180,000, although there was a small downward revision for April to 165,000 from 175,000 reported previously. The unemployment rate increased to 4.0% compared with expectations of no change at 3.9%. The labour-market survey reported a decline in employment of over 400,000 for the month while the participation rate declined. There was a 0.4% increase in average earnings compared with forecasts of 0.3% with a year-on-yeaby EZIO-FX1
i have purchased gbp/usd at current ratesi bought the pound sterling against the dollar from the current prices and from the bottom of the ascending channel, with all my targets marked. tp1 1.2753 tp2 1.2783 tp3 1.2723 Longby omarmahmood1
Post NFP GBPUSD ShortsMarket Analysis by The Forex Messiah The Non-Farm Employment data exceeded expectations, coming in strong at 272K versus the forecasted 182K. This positive surprise caused the DXY to rally over 0.9%, reflecting a significant gain in the US dollar. Given the GBPUSD's bearish reaction to this news, we anticipate a continued downward movement towards the 1.25 level. It's important to keep an eye on next Wednesday's CPI data. Should the CPI data come out positive, it will likely drive the GBPUSD further down. The 1.28 level has demonstrated significant resistance over the past two weeks. Even if the CPI data is negative, it is expected that the 1.28 zone will continue to act as a strong resistance. The following is news and data we need to keep an eye out for over the coming week: Core CPI m/m, CPI m/m, CPI y/y Federal Funds Rate FOMC Economic Projections FOMC Statement FOMC Press Conference Core PPI m/m PPI m/m Unemployment Claims Prelim UoM Consumer Sentiment Good luck guys!Shortby TheForexMessiah2