GBPUSDPair : GBPUSD ( British Pound / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure Rising Wedge as an Corrective Pattern in Short Time Frame RSI - Divergence Fibonacci Level - 78.60%by ForexDetective4
GBPUSD possible buy setup📈 considering the trend is bullish, we like to remain on the good side of the market We have an unmitigated demand zone with a lot of liquidity (Support zone liquidity) and inducement zone Please comment and give me your views on this oneLongby ZIPHO673
GBPUSD Institutional tactics setupHello good people this is my setup that i am looking for to take today in this pair Risk reward 1.11RR The system ; Institutional tactics If you like my idea follow subscribe comment and show some love wish you good luck and good tradingShortby AlphaBull-Trading3
GBPUSD head and shoulder setupIntraday Update: IF the PCE data today is hot, or we get a positive US dollar reaction, the GBPUSD is setting up a head and shoulder pattern. Neckline is at the 1.2667 level which is just about 50 pips away from current price. by ForexAnalytixPipczar4
GPBUSD TRENDLINE SELL ANALYSIS Here on GBPUSD price has been moving lower high, and lower low forming support and resistance . It is like to move down in other to complete the third resistance and support level.So going for SHORT is needed and targeting profits should be around support level of 1.26831Shortby FrankFx142
GBP bears challenging resistance levelPound has been challenging to break of 1.2643 level. Spikes from CPI and Dollar economic data tried but were not successful. Still expecting a drop towards 1.2500 levelsShortby J_NgatiaUpdated 118
GBPUSD Potential Bearish Bat PatternFrom the daily chart, GBPUSD has stabilized and rebounded recently, and the short-term market is expected to continue to rise. At present, you can pay attention to the vicinity of 1.2826 above. This position is the short position of point D of the potential bat pattern. At the same time, this position is within the early supply zone. If the market shows a stagflation signal at this position, you can consider shorting at 1.2826. The downside target is around 1.2680, and the lower target is around 1.2590. If the price breaks through the 1.2900 mark, it will continue to rise.Shortby XTrendSpeed3
GBPUSD BEARSHello Traders. Another week is here to maximize market opportunities. GBPSD has been in a range zone. Zone ranging 1.2750 & 1.2700. Previous week we saw bears breaking support zone then closing the week back at resistance level 1.2745. Support Zone 1.2700. All systems from my POV look green for bears on H4 timeframe. Bulls would only confirm a continuation if we see a close above 1.2760.Shortby J_Ngatia2
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_ Longby Setupsfx_161667
✅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
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.Longby ConanForexUpdated 161660
GU intraday up and down catch the pips!According to elliot wave theory. GU is predicted to be moving along the arrows that is shown here. Breaking the trend and then going for the pullback and we can find a swing long entry possibly tomorrow on new york session. Please confirm your analysis before entering a trade! Goodluck!by Chathifriends1
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 akmalsabran903
GBPUSD 20 May 2024Analysis Week - 20 May 2024 Daily - Range / Bullish Cloud (D) - Above Cloud Weekly - Range / Bullish Cloud (W) - Above Cloud Mid Term - Range 20 x 50 D SMA - Below 50 x 200 D SMA - Above 2024 Target 20 Apr 2024 <6M> - 1.27-1.28 External Forecast GS 8 May 24 <3M> - 1.24 8 May 24 <6M> - 1.24 8 May 24 <12M> - 1.28 ____________________________________________________________________________ Comments No trade commendations at the moment, while waiting patiently for a 3 wave completion. Alternatively, price may retrace from the current levels and look for a better buying price around 1.26. Keeping my trade alternative open for multiple scenarios. Risk Disclaimer All information provided is based on my personal experience and it does not ensure future profits. This is NOT a trade recommendation for you to copy. If you decide to act upon the posted information, the trade decision is taken at your own risks. Any advice given is deemed to be GENERAL advice. This information or advice given does not take into account your full objectives, current financial situation or needs. Therefore, you should consider the appropriateness of the advice before you act further. The trading of stocks, futures, options, spread betting, spread trading and CFD trading and any other leveraged trading activity involves risk. You should not trade with money you can’t afford to lose. Be honest with yourself. Thank You for browsing here. I wish you the best of luck and hope you make a fortune. Just make sure you do it over time and don’t try to make your millions in a week or day. by TY-TradingUpdated 2
GBPUSD - Easy intraday or swing sell There is a sell opportunity on GU because of USD strength Fundamentals Look out for USD news this week. If no shocking difference than forecast I don't see why DXY won't go up. → Prelim GDP q/q ( Thursday 28 May ) → Unemployment Claims ( Thursday 28 May ) → Core PCE Price Index m/m ( Friday 29 May ) Visit www.forexfactory.com or www.investing.com to check release time according to your timezone Technicals GBPUSD → We rejected a major resistance zone which we touched multiple times since June 2023 → We breached a 4H trendline → Daily engulfing bearish candle Technicals DXY → We came into support and are heading up. → We do have a zone here which can act as resistance, but I expect that we will breach it. → We broke out of trendline and retested it and gone up. Your trading friend, Simba Trades Shortby Simba_TradingUpdated 3
A little buyI think that I don't need to say noting about this one. Manage y risk and book some Msby RealFxG3
GBPUSDSo the market went ahead and continued rallying upwards to our highs and broke structure to the upside. So today I am looking for one last push to our intended weekly highs. Long to the ultimate weekly high.Longby hskarue2
GBPUSD**GBPUSD:** The forecast is for the price to fall to the bottom of the channel in order to reverse the trend and reach the key level at 1.2785.Shortby simaoxceps2
GBPUSD moving higher towards 1.3000 level**Monthly Chart** Last month closed as a bearish candle after making a new low, just to move back into a consolidation range that was formed at the beginning of this year. This month's candle (which is still active) opened within the range and started moving higher. We will see a clear direction after the close of the monthly candle by the end of this week. However, the short-term bias is still bullish after testing the historical low of 1985 in September 2022. **Weekly Chart** last week candle closed higher as a continuation of the bullish move from the previous week. From the weekly chart, the price is heading towards testing the weekly MC around 1.3000 and then 1.3200 level. **Daily Chart** GBPUSD needs a short retracement (corrective move) before resuming the bullish trend. More cleared pictures can be seen in lower time frames.Longby PropSignals3
GBPUSD Short BearIish ForecastHello there GBPUSD has the potential to drop below 1.27121 for a bias of 1,26906 following the trend of the 4-hour time frame and daily chart. If the price goes above the 1.27285 then that will invalidate the setup. A mini trade idea relating the momentum of a one time frame against the momentum of a higher time frame. Happy Trading, KShortby KhiweUpdated 2
✅GBP_USD FROM SUPPORT🚀 ✅GBP_USD is going down to retest a horizontal support of 1.268 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 1.272 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx113
GBPUSD Upward ConsolidationGU continues uptrend, will look for strong reaction to zone using candlestick confirmations. Amy break of structure here will invalidate the trade ideaLongby Zimptrades2
Gbpusd shortGbpusd has been in a bullish streak for the last 2 weeks, it recently broke the bullish channel and came back to retest, creating bearish flag now we are going short on that retestShortby simeonjohannes442