GBPUSD.P trade ideas
GBPUSD bulls run out of steam near 1.3000, UK inflation eyedGBPUSD seesaws at the highest level in a year ahead of the UK’s monthly Consumer Price Index (CPI) data for June. In doing so, the Cable pair justifies the overbought RSI (14) line as buyers struggle around a one-year-old horizontal resistance zone, close to 1.2995-3000. It’s worth noting, however, that the bullish MACD signals and the quote’s sustained trading beyond a downward-sloping resistance line from July 2023, now support around 1.2840, keeps the bulls hopeful. Even if the pair drops beneath the 1.2840 resistance-turned-support, the 200-day Exponential Moving Average (EMA) level of 1.2627 will be the last defense of the bulls. It should be observed that the 78.6% and 61.8% Fibonacci retracements of the quote’s July-October 2023 downturn, respectively near 1.2910 and 1.2720, are additional downside filters to watch during the bear run.
Alternatively, GBPUSD bulls need validation from the upbeat UK inflation clues and the 1.2995-3000 upside hurdle to keep the reins. Following that, the Pound Sterling could rise toward the previous yearly high of 1.3142. However, the 1.3100 threshold may act as an intermediate halt during the rise. In a case where the quote remains firmer past 1.3142, the late 2021 swing low of around 1.3150-55 and the 1.3200 round figure can test the bulls before directing them toward the January 2022 low of near 1.3355.
Overall, GBPUSD appears overdue for a pullback but the bullish trend could remain intact.
A short trade!!Short GBPUSD at CMP for good R:R trade.
Buy, sell and target level mentioned on chart…
@VishwajeetSharma
GBP/USD technical outlookBank of America observes that GBP/USD is starting to break its secular downtrend, which has been in place since 2008. Recent technical signals suggest a potential rally towards 1.40, contingent on a sustained break above key resistance levels and the 200-week SMA.
GBPUSDim looking to sell side because in down side have DAY FVG , market also first retrace 1hr fvg so i aiming to place my order 1hr rejection block
GBPUSD - July 16 2024Technical:
1. Strong uptrend in all timeframes.
2. Strong momentum.
3. It is at resistance.
4. 1H - Consolidation and no momentum either side.
5. So far no confirmation to go any side in both 4H and 1H.
Fundamental:
1. USD data very negative so far.
2. Powell gave few good words about US economy but that won't help to go down.
3. GBP - No economic data for today.
4. USD - Red data at 6Pm.
Game plan:
1. both buy and sell.
2. Sell - Double top, Rejections, 4h/1H candle confirmation, Medium risk
Trail SL.
3. Buy - Go at marked levels. Based on confluence and confirmation, choose risk.
4. If it breaks resistance with strong bullish candle, go for trade.
5. Conservative sell - Wait for break and retest at 1.29612, then go for sell
based on rejections candles.
6. US economic data may help to break above and go.
Note: If you are in trade, exit before US economic data release. or after the data out, take entry based on situation.
Hint: Mostly it would go up ;P
GBPUSD SETUP TRADE WIH 1:20 RISK REWARDGBPUSD SETUP TRADE WIH 1:20 RISK REWARD
A good selling setup detected on EURUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
GBPUSD SETUP TRADE WIH 1:20 RISK REWARD
A good selling setup detected on GBPUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
GBPUSDGBPUSD looked proimising, hovewerr price reversed and aim for a higher interest , was stopped out on this position. But you can see, on Tuesday low of the week was formed.
ANALYSIS UPDATEInteresting week ahead of us, many analyses played out already and some unfortunately not. However it is still only Tuesday, just wanted to post a video to get through the charts with you and share my thoughts.
Have a good day ahead and trading week, will update you at the end of the week and in the mean time I will be monitoring the positions.
T
GBPUSD View!GBPUSD stretches toward the July 27 high and 1.3000 level
The GBPUSD continues to stretch to the July 27 hi target at 1.2995. That is just short of the natural resistance at 1.3000. The high just reach 1.29898.
There should be willing sellers/profit taking against that level with stops on a move above. Risk is low against the dual technical levels.
GBPUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
GBPUSD - Weekly AnalysisIt may give a pullback to 1.28951 and go up.
If it is not giving pullback, it may break 1.29946 and continue to go up.
Do not expect to give pullback because of strong uptrend.
If pullback / sell - These confirmation required to go for sell - double top, Candle confirmation and rejections - Trail SL.
Based on economic data also we have to decide the bias.
Gbpusd longHii traders...
This is GBPUSD chart, overall the price is in upward direction. Its going to break the level of resistance and will hit the target level of ~1.31298
S.L. should be below the resistance level.
All the best 👍
GBPUSD: A RECAPThe 4 hour time price action had been making higher highs and higher lows
indicating strong bullish nature as there were imbalances as it went up
For it to further go up it needed liquidity, so the market collected the 1 hour liquidity low and then made a trend line break and change of character indicating the continual of the trend
the targets have been placed based on the previous highs because these are the areas of high liquidity and these possess the power to cause a reaction and affect the trend.
I actually missed this trade as I was looking at USDJPY and EURUSD at that time for trade opportunities
GU Intraday Bias [Jul9]Ideal Scenario is price rejecting this rejection block in London and having continuation on NY with PDL as the DOL.
We can enter at any 15M premium PD arrays, if price retraces before spooling towards PDL as it's shor term (today's) DOL.
This is the scenario, that's aligning with DXY.
GBPUSD SETUP TRADE WIH 1:5 RISK REWARDGBPUSD SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on GBPUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
GBPUSD SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on GBPUSD
It's showing a BEAR MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy BEARISH pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
GBPUSD LONG VIEW INTRADAY!Nasdaq green, S&P 500 inches up, Dow slips
Tech leads S&P 500 sector gainers; Comm Svcs weakest group
Dollar ~flat; crude, gold off decline; bitcoin ~flat
U.S. 10-Year Treasury yield unchanged at ~4.27%
UBS SAYS PRESIDENT BIDEN NOW HAS 10% CHANCE OF WINNING AND SWEEPING CONGRESS
GBPUSDAs posted in the latest video I recorded, I have been waiting for price to come into that sell zone, it just came in and started dropping from it. If we go now on 15min (right picture ) , we can see also that flip happened. Ideally would be to see a nice pull to the downside and then price retracing back into the London session or NY. And as Tuesday is tomorrow, we can expect to see the High/Low of the week on many pairs.
Note: Identifying weekly Highs, Lows can help you decide what positions to hold onto.
GBPUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
GBPUSD SHORTFOREXCOM:GBPUSD
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
GBPUSD pokes key upside hurdles as UK/US PMI, Fed Minutes loomGBPUSD struggles to defend the five-day uptrend early Wednesday as traders await key activity numbers from the UK and the US, as well as Minutes of the latest Federal Reserve (Fed) monetary policy meeting. It’s worth noting that the US Dollar’s weakness past Fed Chair Jerome Powell’s speech propelled the quote’s previous rebound from a two-month-old horizontal support, enabling buyers to poke the 100-bar SMA. Also underpinning the upside bias are the firmer RSI conditions and the bullish MACD signals. However, the 100-SMA’s bearish cross of the 200-SMA, known as the death cross, challenges the Cable buyers unless crossing the broader moving average, namely the 200-SMA hurdle of 1.2715. Following that, the mid-June swing high of around 1.2740 and 1.2800 become imminent targets for the Pound Sterling buyers before aiming for the previous monthly high of around 1.2860.
Meanwhile, GBPUSD sellers need firmer US data and hawkish Fed Minutes, as well as a successful break of the aforementioned two-month-old horizontal support surrounding 1.2610-15. Following that, the Cable bears will aim for the 1.2550 and the 1.2500 thresholds ahead of challenging May’s bottom surrounding 1.2445. It should be observed that the Pound Sterling’s sustained weakness past 1.2445 will make it vulnerable to challenge the yearly low marked in April surrounding 1.2300.
To sum up, the GBPUSD bulls are at a crossroads and need a fundamental push to keep the reins.
The Size Shadow and the Show
That is the interesting part of the Candles.
1. The size as well as shadow of that large candle where you cannot take your eye off is the story.
2. We are weak at the wick.
3. We are staring at the support,
4. We look to the silver line of 1.25 (25 is silver)
