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GBPUSD trade ideas
GBPUSDGreetings!
Welcome traders.
By choosing to "Follow", you can stay updated with the latest information promptly. Kindly consider clicking "Boost" as well.
Wishing you a pleasant day.
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 struggles with support-turned-resistanceGBPUSD snapped a two-day winning streak on Thursday while retreating from a previous support line stretched from November 22. It’s worth noting, however, that late Thursday’s corrective bounce in the Cable pair renewed bullish bias about the quote, especially amid the upbeat RSI conditions. With this, the support-turned-resistance line surrounding 1.2650 challenges the Pound Sterling buyers. Apart from that, a convergence of the 100 and 200-bar Exponential Moving Average (EMA), around 1.2660 by the press time, also acts as a tough nut to crack for the bulls. In a case where the prices remain firmer past 1.2660, a quick run-up toward a one-month-old resistance line, close to 1.2770 at the latest, can’t be ruled out.
Meanwhile, the GBPUSD pair sellers need validation from the previous day’s low of near 1.2570 to take fresh positions. Even so, a two-month-old horizontal support zone surrounding 1.2520–2500 will challenge the quote’s downside momentum. Following that, the mid-November 2023 swing low of around 1.2370 will act as the final defense of the Cable buyers before giving control to the bears.
Overall, the GBPUSD pair buyers flex muscles ahead of the key week comprising a slew of UK and US data.
GBPUSDGreetings!
Welcome traders.
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Wishing you a pleasant day.
GBPUSD: POST MARKET ANALYSIS: 2.2.24 FRIDAYgbpusd, the 1 hour time frame was bullish, and as soon as the price hit a previous old daily high, which was a spot of major liquidity, i went into the 15 min tf to check for a choch or signals for the price to move up, and found a choch in the 15 min after the liquidity was taken in the london session. the price started rallying downwards after collecting another liquidity high and then distributed downward in the new york killzone.
GBPUSD keeps Fed-inflicted bearish consolidation ahead of BoEGBPUSD remains pressured within a six-week-old descending triangle as market players await the Bank of England’s (BoE) monetary policy announcements. In doing so, the Cable pair justifies the US Federal Reserve’s (Fed) hawkish halt, as well as expectations suggesting the BoE’s rate cut in 2024. It’s worth noting, however, that the 50-SMA level of 1.2670 and an ascending support line from late November, close to 1.2650 at the latest, offer intermediate supports to the Cable pair within the aforementioned triangle, currently between 1.2600 and 1.2750. Apart from the triangle in play, the 200-SMA surrounding 1.2560 acts as an extra filter toward the south.
Meanwhile, an upside clearance of the stated triangle’s top line, near 1.2750 by the press time, will quickly propel the Pound Sterling toward the previous monthly high of around 1.2830. Following that, the late July peak of 1.3000 will act as the final defense of the GBPUSD bears, a break that won’t hesitate to fuel the prices toward the year 2023 high of near 1.3145.
Overall, the BoE is likely to keep the interest rate unchanged but the tone of the British central bank isn’t expected to maintain the optimism like the US Federal Reserve (Fed), which in turn will weigh on the GBPUSD pair unless witnessing a surprise.
GBPUSD: Trading becomes attractiveHello everyone, the GBP/USD pair remained below the 1.2700 level during the early Wednesday Asian trading session. The UK's Nationwide House Price Index for January will be released ahead of the Federal Open Market Committee (FOMC) monetary policy meeting on Wednesday.
From the 4-hour chart, we can see that the price has formed a double top pattern and declined, breaking out of the previous uptrend channel.
Currently, the 34 and 89-period Exponential Moving Averages (EMA) technical indicators continue to support the downward price momentum of this currency pair.
Given the current picture, it would not be surprising if GBP/USD makes new breakthroughs below the mentioned support on the 4-hour analysis chart
GBPUSD: POST MARKET ANALYSIS 30.1.24In the 15 min tf, the price was already making lower lows and lower highs and thus the orderflow was bearish. the 1 hour time frame liquidity was not yet taken. As soon as the new york killzone started, there was an accumulation manipulation and the distribution to the downside. the entry was taken in a bearish order block in the and the 1 hr liquidity was chosen as the target
GBPUSD: POST MARKET ANALYSISthe mean threshold of the 1-hour bullish order block was my entry area, but the price moved up as soon as it touched the ob. and my target was the ob in the supply area but the price turned its direction as soon as it touched the 1 hour 0.5 level . this happened in the london session. the new york session capitalised on the reversal and ran down to hunt the 1 hour sellside liquidity
GBPUSD: Keep bullish faith!Dear friends, The GBP/USD pair is trading steadily around the psychological level of 1.2700 in the early Asian trading hours on Friday. The optimistic GDP growth figures from the United States have boosted the greenback against its rivals.
Next, traders will be monitoring the GfK consumer confidence in the United Kingdom for January. The focus will then shift to the Core Personal Consumption Expenditures (Core PCE) price index of the United States on Friday, expected to increase by 0.2% MoM and 3.0% YoY. Traders will take cues from these numbers and seek trading opportunities around the GBP/USD pair.
GBPUSD: Buy or Sell?Hello dear friends, what do you think will happen to GBPUSD in the near future?
Today, this currency pair is still maintaining a prolonged sideways trend, with short-term prices favoring buying. However, there is still a lack of momentum for this pair to break out of the range as investors shift their focus towards monetary policy announcements from the Federal Reserve and the Bank of England, which are expected to provide the latest direction for GBPUSD.
GBPUSD: A 1HOUR PD ARRAY ANALYSISGBPUSD has been consolidating for over a month now in the daily time frame. And being a day trader i focus on the previous day high and low as they are the most important liquidity areas intraday as the big institutions will be sitting there. So the timeframe i use for intraday is 1 hour time frame, where i look for order block, fair value gap, and short term busyide and sellside liquidity and execute my trade in the 15 min - 1 min range accordingly. currently the swing high and the low of the 1 hour time frame GBPUSD has been marked with their respective ob in the discount and the premium. As of now the price is slightly bullish in this time frame and the price
is in the discount near the bullish ob, but as the daily time frame has been consolidating, i dont expect order blocks to be as powerful as they are. From my observation when price consolidates greater reactions can be seen from the old highs and lows which are the areas of liquidity and price might turn around from them and rally in the 1 hour time frame.
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: Check the channel price againDear friends, currently the GBP/USD pair continues to trade within an upward channel during the early Asian trading hours on Thursday. The major currency pair has rebounded above the 1.2700 level due to risk acceptance sentiment. However, the release of the US preliminary Q4 GDP growth figures on Thursday could cause market volatility.
In the short term, the 4-hour chart indicates a potential downward correction, with a projected retreat towards the support level below 1.2700. Immediate support is located at 1.2680 before reaching 1.2650.
GBPUSD: SELL?GBPUSD Trading Strategy:
The GBPUSD currency pair experienced a significant decline towards the end of Tuesday, maintaining a price level around 1.270 at the start of the trading session with a modest recovery of 0.07% throughout the day. However, GBPUSD is currently in a corrective phase after retesting the Breakout zone, and it is expected that the price will continue to decrease towards the level of 1.264, possibly even reaching as low as 1.260.
GBPUSD rebounds within bullish triangle as UK, US PMIs loomGBPUSD floats above the 200-bar Exponential Moving Average (EMA) as traders brace for the monthly activity data from the UK and the US early Wednesday. In doing so, the Cable pair reverses the previous day’s losses while staying firmer within a one-month-old descending triangle formation, also known as the bullish triangle. Apart from the pair’s recovery from the key EMA and bullish chart pattern, the upbeat RSI (14) line also favors the continuation of the Pound Sterling’s gradual rebound. However, a clear upside beak of the stated triangle, currently between 1.2600 and 1.2750, becomes necessary to convince the buyers. Following that, the quote’s run-up to the previous monthly high surrounding 1.2830 becomes imminent. However, the bull’s dominance past 1.2830 will enable the pair to aim for the 1.3000 threshold.
On the contrary, the 200-EMA level surrounding 1.2660 restricts the immediate downside of the GBPUSD pair ahead of the aforementioned triangle’s bottom line, close to 1.2600. In a case where the Pound Sterling drops below 1.2600, the odds of witnessing a quick fall toward December’s low of around 1.2500 can’t be ruled out. Should the Cable bears keep the reins past 1.2500, the lows marked on November 22 and 17, respectively near 1.2445 and 1.2375, will test the downside momentum.
To sum up, the GBPUSD pair buyers flex muscles ahead of the key Purchasing Managers Index (PMI) data for January from the UK and the US.
GBP/USD - Liquidity Trap the price has started mitigating the unmitigated bearish order block from higher time frame
and
it will look like descending triangle pattern with equal lows and and descending price
it just liquidity pool
even if it get breakout still there is resistance at 1.2900 - 1.2950 - 1.3000
SUPPORT range between 1.2550 - 1.2500 but is weak
1.2300 and 1.2200 hold more potential to get buyer's order limits
GBPUSD TRADE IDEAPossible GBPUSD trade idea can look for buys from above mention level above setup is 1:3 RR please manage risk properly Enter at your own risk ! Indicator based SMC approach. follow and like for more such setups.
GBPUSD: Buy or sell?Dear readers, GBPUSD continues to gain some recovery momentum as it regains the level of 1.270, but the overall and long-term trend still remains sideways.
The price is approaching the level of 1.072, which also serves as the limit of the Bollinger Band. A downward correction is expected to occur once the currency pair reaches this threshold, with targets at the support levels of 1.265 and 1.260.
GBPUSD: Buy or Sell?Hello everyone, I am delighted to continue our discussion on GBPUSD today.
At the opening of the trading session on Monday, GBPUSD continued its upward trend on the 4-hour chart, currently trading at 1.271. The appreciation of the British Pound against the US Dollar may be attributed to the current market sentiment leaning towards risk, which has fueled its recent increase.
However, there are still underlying risks that could cause GBPUSD to decline further, as it remains constrained within a long-term downward trend and the Trendline has not yet been broken.
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.
