How to trade using ICT Strategy In this video i share you how to trade ict by applying indicator with simple step that is easy to understand . So you can go and try itEducation06:13by FrankFx14111
GBPUSD WeeklyGU pushed up higher creating a new weekly high approaching a key level. Coming week (May 27-31) Looking for price to trade lower into the buy side imbalance sell side inefficiency to balance the market (probably Monday and Tuesday) before rallying upwards to the highs above. NB: A couple of news events in the week: CB consumer confidence on Monday. Thursday and Friday preliminary GDP, employment claims and core PCE. A couple of trading opportunities for the week but 80 pips will be enough for Kroos farewell Hala Madrid!Longby hskarue5511
GBPUSD WeeklyGU pushed up higher creating a new weekly high approaching a key level. Coming week (May 27-31) Looking for price to trade lower into the buy side imbalance sell side inefficiency to balance the market (probably Monday and Tuesday) before rallying upwards to the highs above. NB: A couple of news events in the week: CB consumer confidence on Monday. Thursday and Friday preliminary GDP, employment claims and core PCE. A couple of trading opportunities for the week but 80 pips will be enough for Kroos farewell Hala Madrid!Longby hskarue0
GBPUSD for bearishIm looking for shorting this pair. Possible impulsive down.. Trade with your own risk.Shortby ewtradersbhUpdated 5
GBPUSD. Weekly trading levels 13 - 17.05.2024We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead. During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. The next morning I adjust the levels based on the new data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern. Don’t forget to like Rocket, Comments and Subscribe!!!by Forex_HobyUpdated 9
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.Shortby ConanForexUpdated 9944
BEARISH GBPUSDi am more interested in this pair, where the price action is very clean. buyside is being taking out creating structure to the downside. once is it is formed , then it is likely to retrace at least to the c.e point ( mid point of the pd array. sell from premium levelShortby ICT_spartan3
✅GBP_USD WILL GO UP|LONG🚀 ✅GBP_USD is trading in An uptrend and the pair Made a rebound from the Horizontal support of 1.2700 So we are bullish biased And we will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx3
BEARISH SIGNAL ON GBPUSDbuyers are finding it hard to push the price higher to create a new high so price has created 3 consecutive higher lows leading price to form its first lower high. with a bearish retest to the 0.66 and 0.618 fib level price can see a good entry level to the down sideShortby clementudieanahUpdated 12
GBPUSD | Perspective for the new week | Follow-upIn this video, we delve into the recent movements of the Pound Sterling against the US Dollar as the GBP/USD pair hits a temporary pause near the key resistance level of 1.2700. Investors are closely watching the upcoming release of the United Kingdom's Consumer Price Index (CPI) data for April, which is expected to provide crucial insights into the interest rate outlook. With the Bank of England (BoE) potentially considering rate adjustments in the near future, the market sentiment has turned slightly cautious. BoE Governor Andrew Bailey's remarks following the March CPI data release hint at a potential decline in inflation figures, impacting the Pound Sterling's trajectory. On the other side of the Atlantic, Federal Reserve (Fed) policymakers have been pushing back on market expectations for rate cuts, despite the decline in US inflation data. The Fed's stance on maintaining higher interest rates for a longer period has led to a rebound in the US Dollar. Moreover, concerns over the strength of the US labor market have deepened following higher-than-expected Initial Jobless Claims data, adding another layer of complexity to the market dynamics. GBPUSD Technical Analysis: Will the pound hold below $1.27000? Watch this video for key trades this week. We analyze trends and levels for market insights. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.11:39by darcsherryUpdated 118
GBPUSD: Weak Market & Bearish Continuation The analysis of the GBPUSD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals113
GBP/USD steady despite plunge in retail salesThe British pound continues to have a quiet week in which it has stayed close to the 1.27 line. GBP/USD is trading at 1.2715, up 0.13% at the time of writing in the European session. UK retail spending slumped in April with a 2.3% m/m decline. This followed a revised 0.2% decline in March and was much weaker than the market estimate of -0.4%. It was the largest decrease in four months, driven by a sharp fall gasoline and non-food items. Most sectors reported a drop in sales volume as unusually rainy weather put a damper consumer spending. On an annualized basis, retail sales fell 2.7%, after a revised 0.4% gain in March and missing the market estimate of -0.2%. Is the UK economy fading? The economy performed well in the first quarter, with Q1 GDP rising 0.6% q/q, its strongest quarter in over two years. The weak retail sales could be indicative of a weaker second quarter, which would support the BoE lowering the current cash rate of 5.25% which is throttling economic activity. With inflation falling to 2.3% in April, the 2% target is within striking distance and speculation has risen that the BoE will start to lower rates as early as August. In the US, the services and manufacturing sectors showed improvement in May. Services PMI jumped to 54.8 in May, up from 51.3 in April and above the market estimate of 51.3. This was the highest level in a year and pointed to improving business activity despite high interest rates. Manufacturing remains weak but the PMI rose from 50.0 to 50.9, which shows very modest growth. The 50 level separates contraction from expansion. GBP/USD is testing resistance at 1.2710. Above, there is resistance at 1.2736 1.2674 and 1.2648 are the next support levelsby OANDA1
Strifor || GBPUSD-23/05/2024Preferred direction: SELL Comment: Today is quite an interesting day from the point of view of the publication of economic events, and, most likely, there will be volatility in both the European and American sessions . Against this background, it makes sense, based on a number of important technical factors, to begin to consider selling priority for a number of major currency pairs. Among them is the British pound. It should be noted that this is not a short-term trade, and here we will consider two scenarios. Scenario №1 assumes a fall today, especially against the backdrop of those important economic indicators whose publication we expect today. Scenario №2 is a more conservative, but at the same time less likely, maneuver. In both cases, we consider the target at the level of 1.26500. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Shortby Viktor_strifor_analystUpdated 335
idea on a trade GBP USDWe have a great set up here where price could go.GBP/USD closed in negative territory on Thursday and snapped a four-day winning streak. After touching its lowest level in a week below 1.2680 in the early European session on Friday, the pair recovered to the 1.2700 area.by EZIO-FX3
GBPUSD Bearish Counter Trend.Today's news release for the pounds pushed price down to clear yesterday's low before retracing higher to complete the London trend. Currently, 4 hours time frame is bullish. But I am willing to risk selling from the newly created supply on the 45 minutes and 1 hour time frame. RISK: 1% REWARD: 5% #LURE♟️Shortby fxMarketbaker0
the bearish trend will come.Price will hit dynamic resistance. The saturation point is an important resistance. You can wait until the price hits the channel.by Behnam_Hosein_Nezhad1
GBPUSD BEARISH -May 24📢 Signal: SELL GBPUSD 📉 Entry Point: 1.27212 🔍 TP1: 1.26982 🎯 (30 pip TP) TP2: 1.26752 🎯 (60 pip TP) SL: 1.27412 ⛔️ (20 pip SL) Ensure proper risk management when following signals! 💡 @Mr_Bombastic_SignalShortby mr_bombastic_signal0
GBPUSD Dow TheoryGBPUSD Dow Theory GBPUSD has printed a series of HH and HL.Longby euphoricProfil797210
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!Shortby RLinda101045
GBPUSD: Waiting for new price increase!The GBP/USD pair lost its recovery momentum around the 1.2695 mark early in the Asian session on Friday. The major currency pair gradually declined after pulling back from the recent high near 1.2760 amid renewed demand for the U.S. Dollar. Later on Friday, the UK retail sales, U.S. durable goods orders, and the Michigan consumer sentiment index will be released. If the key indicators push the pair below 1.2700, the next support level will be the May 21 low of 1.2686, followed by the May 16 low of 1.2643, and then the psychological level of 1.2600. Conversely, if buyers push the exchange rate above 1.2746, it will lead to a test of the weekly high at 1.2761. Further strength could see the pair targeting the 1.2800 level. by Trader_BrianFXUpdated 2
#GBPUSD Sell SignalPrice formed a complete 3 drive pattern with an engulfing on the 4hr signaling a drop. We also have a break of market structure on the 1hr which support my short bias. Shortby Liquidity_Queen112
GBP/USD BEARS ARE GAINING STRENGTH|SHORT Hello,Friends! GBP/USD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 1.252. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals115
GBPUSD - 24 May 2024Although price has now broken the neck line / support trend line, however this is not enough to convince me that the trend has already reversed and will start to move lower from here. I need further confirmation to supply really holding still and maintain a strong control to really change my bias to bear, now I prefer to maintain neutral. Price can still put in a HH from here.by FX_ArteezZ113