GBPUSD trade ideas
gbpusd : A SHORT IDEAthe asian range high and low has been market before the london session.
the 15 min tf price just sweeped the asian high
after the sweep there was a 1 min choch in the short side
so from there a short position was taken after the price retraced to an fvg
a good breakout failure peobability in gbp/usdTrading GBP/USD in a range-bound market entails identifying key levels of support and resistance where price tends to fluctuate. When waiting for a second breakout attempt to fail, particularly on the upside, before entering a trade on the downside, a strategic approach is essential. Here's a description of this trading strategy:
In a range-bound GBP/USD market, traders observe the currency pair oscillating between established support and resistance levels. These levels represent barriers that price struggles to breach convincingly. The objective is to capitalize on the market's tendency to revert to the mean within this range.
Firstly, traders identify the upper and lower bounds of the range through technical analysis, such as plotting trendlines, Fibonacci retracements, or pivot points. These levels serve as reference points for potential entry and exit points.
As price approaches the upper boundary of the range, traders remain vigilant for a breakout attempt. A breakout occurs when price surpasses the established resistance level, suggesting potential upward momentum. However, experience shows that initial breakouts often fail to sustain, especially in range-bound markets.
Rather than impulsively entering a long position on the first breakout, traders exercise patience and wait for confirmation. They closely monitor price action following the breakout, looking for signs of rejection or inability to maintain upward momentum.
If the initial breakout fails, indicated by a swift reversal or inability of price to hold above the resistance level, traders prepare to enter a short position. This failure to sustain the breakout signals a potential shift in market sentiment and the likelihood of a reversal back into the established range.
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 TRADING PLAN & ENTRY AREAFollowing the recent GBP fundamental data showing that the weakening and worsen condition of their currency, it will be a good time to short this pair. The change of structure confirmed through technical as well when the distribution phase (sideways) was formed and broken. However, we still need to be cautious as there's a lot of mix data for the US economy. Nonetheless, as always, USD always finds a way to strengthen when we thought that it should be otherwise.
-Haz
GBPUSD NEXT MOVE (selling will be continued)(15-02-2024)Go through the analysis carefully, and do trade accordingly.
Current price- 1.25600
"if Price stay below 1.26200, then next target is 1.25500 and 1.24200
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
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GBPUSD NEXT MOVE (wait for selling zone)(29-12-2023)Go through the analysis carefully, and do trade accordingly.
Current price- 1.26700
"if Price stay below 1.27800, then next target is 1.25500 and 1.24200
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
Support us by liking and sharing the post.
GBPUSD bears keep 1.2500 on radar, UK inflation eyedGBPUSD licks its wounds around 1.2600 early Wednesday as traders await the UK inflation clues for January. That said, the Cable pair marked a stellar move the previous day, initially rising to a seven-day high before posting the biggest daily loss in a week while reversing from the 50-bar Exponential Moving Average (EMA). It should be noted that Tuesday’s reversal from 50-EMA also defends the Pound Sterling’s early month break of a 12-week-old rising support line, now resistance around 1.2685. Additionally, the bearish MACD signals and an absence of the oversold RSI (14) also keep the pair sellers hopeful. However, a convergence of the 200-EMA and multiple levels marked since early December 2023, close to 1.2520-2500, appears a tough nut to crack for the pair bears. In a case where the prices drop below 1.2500, the mid-November 2023 swing low of around 1.2375 will be in the spotlight.
Alternatively, the strong UK inflation numbers could allow the GBPUSD pair to have another battle with the 50-EMA and the aforementioned support-turned-resistance, respectively near 1.2635 and 1.2675. If at all the Cable bulls manage to keep the reins past 1.2675, a downward-sloping resistance line from January 12, close to 1.2770 by the press time, will be the final defense of the pair sellers. Following that, the late 2023 peak of near 1.2830 and the 1.3000 psychological magnet will lure the Pound Sterling buyers.
Overall, the GBPUSD pair remains bearish unless staying below 1.2675, especially when the US inflation data appears more lucrative to the Fed hawks. Even so, the Bank of England (BoE) officials have been optimistic of late and hence today’s UK inflation clues will be closely observed for clear directions.
short idea in gbp/usdA triangle pattern in the GBP/USD currency pair typically signifies a period of consolidation and indecision in the market, often hinting at an impending breakout or continuation of the existing trend.
GBPUSDGreetings!
Welcome traders.
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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.
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: 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.
