GBPUSDSell on the theory markets ranges 70% of the time. Sell on the theory markets retrace HALF of previous move 90% of the time. Breakout of 30m support confirms the trade. Shortby ComteSt.Germain0
Mastering Risk: Stop Loss in TradingTypes of Stop Loss Money Stop Definition: A trader sets a fixed amount they are willing to lose on a trade, for example, £20. Issue: This approach often leads to larger losses because it doesn’t align with market movements. Advice: Avoid using the money stop. Time Stop Definition: Used mainly by scalpers, this involves closing a trade if it doesn't move in the expected direction within a set time frame (e.g., 4-8 bars). Key Point: It requires discipline to adhere to the set time limit. Advice: Suitable for scalpers. Technical Stop Loss Definition: Based on price movements and market structure, this is the most effective stop loss for technical traders. Types: Initial Stop Loss: Set at the entry of a new position, usually at a momentum high or low. The trade remains valid as long as the price doesn't reach this point. Technical Trailing Stop: Used to protect gains on a winning trade. As the price moves in your favor, adjust the stop to a new structure point that, if reached, invalidates the trade.Education05:36by Charts247TradingAcademy2
GBPUSD - Short positionIf price break the micro support area we can have a deep retest of long channel Shortby flyhorseUpdated 1
GBP/USD SHORT 22/05Price has hit weekly resistance with a push caused by cpi release, pound failed to break through 1.27500 and retraced creating a rejection wick. DXY also broke out of a descending trendline signifying bullish momentum mounting. The weekly candle has no bottom wick so a retracement is likely. Anticipating FOMC talks to push GU down.Shortby Stackin_Guap112
GBPUSD = SELL📊📈💸Look at the DAILY scenario price has a premium zone with a rejection wick, a confirmation for a reversal, you can look for a market structure shift or an aggressive entry for SELL'SShortby welcomethembelihle994
GBP/USD SWING SHORT We are currently bearish on the daily timeframe and price just came into a very strong resistance level/order block with the daily stochastic RSI in the way overbought territory. I am in on shorts from 1.27500 and looking to hold it unless price says otherwise. Shortby RemzyFXUpdated 3
GBPUSD: Continue searching for new peaks!GBP/USD maintained its stability above the 1.2700 mark at the start of Wednesday, following a Monday close that saw virtually no change. Technical outlook indicates that the uptrend remains intact despite the pair's potential weakness ahead of significant inflation data from the UK later in the day.by Trader_BrianFXUpdated 3
GBPUSD - Wait for the Bears 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPUSD has been overall bullish, trading within the rising channel in blue. At present, GBPUSD is approaching the upper bound of the channel acting as an over-bought zone. Moreover, it is retesting a strong supply zone. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper blue trendline. 📚 As per my trading style: As #GBPUSD is hovering around the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst11
check the trend According to the behavior of the price in the current resistance range, possible scenarios have been identified. It is expected that the continuation of the upward trend will be formed until the specified resistance levelby STPFOREX0
Market Analysis: GBP/USD Climbs SteadilyMarket Analysis: GBP/USD Climbs Steadily GBP/USD is gaining pace above the 1.2640 resistance. Important Takeaways for GBP/USD Analysis Today The British Pound is attempting a fresh increase above 1.2700. There is a key bullish trend line forming with support near 1.2690 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair remained well-bid above the 1.2520 level. The British Pound started a decent increase above the 1.2600 zone against the US Dollar. The bulls were able to push the pair above the 50-hour simple moving average and 1.2640. The pair even climbed above 1.2700 and traded as high as 1.2726. Recently, there was a minor decline below the 23.6% Fib retracement level of the upward move from the 1.2656 swing low to the 1.2726 high, but the bulls were active above 1.2700. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2725. The next major resistance is near 1.2740. A close above the 1.2740 resistance zone could open the doors for a move toward 1.2780. Any more gains might send GBP/USD toward 1.2850. On the downside, there is a key support forming near a bullish trend line at 1.2690. It is close to the 50% Fib retracement level of the upward move from the 1.2656 swing low to the 1.2726 high. If there is a downside break below 1.2690, the pair could accelerate lower. The next major support is at 1.2640. The next key support is seen near 1.2600, below which the pair could test 1.2520. Any more losses could lead the pair toward the 1.2500 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. by FXOpen116
Currency State Of Play - Midweek Portfolio Selection**Sorry about the sound** Today, I'm looking at the Major Indices to determine the current state of play of the currency market and what we should expect for the remainder of the trading week. The current 4HR wave structure analysis of the Indices is as follows: DXY: +ve EXY: Neutral AXY: Neutral SXY: +ve JXY: +ve BXY: -ve CXY: -ve ZXY: -ve BUY PAIRS: No High probability Pairings based on the Indices SELL PAIRS: GBPUSD, GBPJPY, CADJPY, NZDUSD,NZDJPY, CADCHF,GBPCHF16:43by Charts247TradingAcademy0
Gbpusd buysIm anticipating orice to continue to push bullish back to the key level marked, following the CPI data release which was positive for GBPLongby BM_ForexTrader0
UK inflation proves to be stubborn as core CPI rises in AprilMarket pricing has tipped in favour of ‘no rate cut’ at the upcoming Bank of England (BoE) meeting in June after UK CPI came in higher than expected this morning. Markets were assigning a 50/50 chance of a rate cut in June before the CPI release according to data from Reuters. The probability of a cut has now dropped to 15%. It’s not that the data was bad, it just wasn’t as good as expected. As often happens, the initial reaction is driven by how the actual reading correlates to expectations, and in this case, inflation didn’t drop as much as hoped. Consumer prices grew 2.3% in the year to April, a significant drop from the 3.2% in March, but not as low as the 2.1% anticipated. The month-on-month rate dropped from 0.6% to 0.3%. It is core inflation – which excludes volatile prices like energy and food – that has been closely monitored in recent months and could explain the hawkish reaction in markets. The monthly rise in core prices was not only higher than expected but also higher than the previous month, which can be seen as a serious concern for the BoE. YoY core CPI has dropped from 4.2% to 3.9%, above expectations of 3.6%. The stronger data, specifically the stubbornness in core CPI, is making it harder for markets to believe the BoE can cut rates in June, or even during the summer. The first fully-price-in 25bps rate cut is now in November, with a 60/40 chance of a cut in September. These are likely to continue evolving over the coming days as markets fully digest the meaning of the data but it’s unlikely that the June meeting is a real contender for a rate cut any more. But we will have to wait for commentary from BoE officials to see how they factor the latest inflation data into their forecasts. For markets, the stronger CPI reading has favoured the pound and weighed on the FTSE 100 as expected. As currency pairs continue to be driven by rate differentials, the pushback in rate cut expectations has levelled the BoE to the Federal Reserve with regards to timing, which has allowed GBP/USD to break above recent short-term resistance and cover some further ground. The bullish momentum looks to be strong with the path of least resistance pointing higher, but traders should be aware of overbought conditions creeping up, with the RSI nearing the 70 mark, which has been an area of reversal for the past six months. The 1.28 mark likely remains a key focus for buyers over the coming days, but there seems to be a fair amount of resistance along the way. by CapitalcomUpdated 1
GBPUSD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran905
GBPUSD - SELL Initial Signal BUY But now Rteurn to Previous Level Core Inflation Rate YoY (Apr) MEDIUM Previous 0.042 Consensus 0.036 Actual 0.039 Signal BUY CCPV Rolling over on 1 m Over Extended Pulled Bac into FVG Crossed Trigger Line USD Stronger on CPM London Open 10 mins ago Pushing Down Sellers have Turned Red In this game u have to Anticipate : ) Shortby NZ_Shareman222
💡 GBPUSD: Analysis May 20Last Friday up D1 bar for GBPUSD had a lower shadow and closed near the top, showing good buying pressure. Before that, bar D1 decreased but created a bullish pinbar, also showing buying pressure. The recent price behavior of GBPUSD D1 at this resistance suggests the possibility of a breakout from the most recent peak to establish an uptrend again. GBPUSD H1 broke out of the H1 sideways price range and bounced up, setting a new high price peak to return to the short-term uptrend. Currently, the price is moving sideways above the old peak, which is a form of price compression and can easily lead to a price bounce upward. The main trend of GBPUSD H1 today is waiting to buy. 💡 Trend H1: GBPUSD increases. Today's trading idea: Buy GBPUSD. Longby Stone_HavenUpdated 227
21/5 GBPUSD trading plan. GBPUSD bought near 1.27000. Relying on the room for the dollar to fall FX:GBPUSD OANDA:GBPUSD FOREXCOM:GBPUSD Longby AA_JackUpdated 113
GBPUSD - Sells - 1:2RRLooking to take some sells on GU 1 hour failed to close above resistance (at top) twice then came down and closed below the 4 hour resistance. Entry 1.27108 SL 1.27191 BE point 1.27076 TP 1.26944Shortby PipShiestyUpdated 223
💡 GBPUSD: Analysis May 22GBPUSD has its third consecutive day of increase, but is showing a slowdown as the price creates a Spinning Top candlestick pattern around the old peak. GBPUSD D1 needs a breakout from this peak if it wants to establish an uptrend again at D1. After surpassing the old peak to reestablish an uptrend in H1, GBPUSD moved into a sideways phase in the trading range. Because the main trend is uptrend, GBPUSD H1 today continues the scenario of waiting to buy from the supports below. Trend H1: GBPUSD increases. Today's trading idea: Buy GBPUSD.Longby Stone_Haven1
Sell GBPUSD CPI DataThe GBP/USD pair on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a wedge pattern. Possible Short Trade : Entry: Consider entering a short position (selling GBP/USD) below the broken support trendline of the wedge after confirmation. Ideally, this would be around 1.2720 or lower if the price continues to decline. Target Levels: 1.2678: This target is achieved by measuring the height of the wedge (from its apex to the breakout point) and projecting it downwards from the breakout point. 1.2650: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the wedge, ideally with some buffer around 1.2730. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.Shortby KABHI_FOREX_TRADINGUpdated 4
GBPUSD entered the accumulated state!The GBP/USD pair continues to engage in a sideways motion and consolidation after breaking through the 1.070 resistance level, which has now transformed into a new support zone. In the short term, the currency pair remains confined within a range, experiencing a couple of false breakouts. The next movement seems to favor the buyers, however, close monitoring is required given the upcoming catalysts. Key events to watch include statements from the Federal Reserve expected later today, as well as the UK Consumer Price Index inflation data and the Federal Open Market Committee (FOMC) minutes set to be released on Wednesday. These developments could significantly influence the pair's trajectory.by Trader_BrianFXUpdated 3
GBPUSD - BearishGBPUSD is syncing so many signs that drifting me to think negative. Trend line is testing its perfect touch at a strong resistance. A perfect bearish divergence every single sign is directing me to take a safe bearish entry I will now wait for new lower High and Lower low formation for the trend confirmation so I will take a decent profitable entry. ThanksShortby tayyabbarakzoi3
Have GBPCHF and USDCHF been holding up the GBPUSD?Have GBPCHF and GBPUSD been holding up the GBPUSD?Shortby AlexGo0