GBPUSD trade ideas
SMC So Htf Is Bearish Becoz Market Still Dint Touch Fvg in Downside Now Market Have Taken Idm and Moving Downwards as Per My Plan I Will Take Entry Only After the Market Gave the Ltf Cnf and Dont Forget to Move Your Sl in to Breakeven
So Either We Dont Know Its a Choh or Idm
GBPUSD rebound approaches key upside hurdle on BoE DayGBPUSD picks up bids to extend the previous day’s rebound from an eight-month-old ascending support line as the Cable traders await the Bank of England (BoE) monetary policy decision on Thursday. While recovering from the stated support line, the Pound Sterling respects the upward-sloping RSI (14) line and the bullish MACD signals, which in turn suggests the quote’s further upside. However, a falling resistance line from mid-July, close to 1.2220 by the press time, guards the immediate upside of the pair. It’s worth noting that a clear upside break of 1.2220 will allow the bulls to challenge the previous monthly high of around 1.2340 but a convergence of the 100-day and 200-day Exponential Moving Average (EMA), currently near 1.2400, will be a tough nut to crack for the buyers afterward.
On the contrary, the GBPUSD pullback needs validation from the aforementioned support line and 78.8% Fibonacci retracement of March-July upside, close to 1.2080. Following that, October’s bottom of around 1.2035 and the 1.2000 threshold will test the Cable bears before giving them control. In that case, the yearly low marked in March around 1.1800 will be in the spotlight.
To sum up, a GBPUSD rebound appears imminent but the BoE’s likely dovish halt and stated EMA confluence prod the bullish bias.
GBPUSD SELLGreetings!
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 risks when touching the channelDear friends, GBPUSD is showing a noteworthy recovery, but the downward trend is still considered strong as it approaches the lower limit of the descending channel. The target for this decline is set at 1.2000. What are your thoughts? Do you agree with me?
GBBPUSD continues to decline?Dear friends, GBP/USD has been steadily declining since it dropped from the 1.228 level. If this pair fails to regain that level, the next target for further decline could be 1.214 before reaching 1.210.
Regarding expectations, tonight we will receive news from the speech of the Fed Chairman, so the current trading situation will not have many notable developments. The direction of GU will become clearer once the news is released.
GBPUSD diamond pattern foramtion in weekly chartHi every one
Diamond pattern formation in gbpusd weekly chart
so do not miss big breakout
Gbpusd bearish SELL bearish GU wrt DXY
entry time a bit late but
It will be working taking risk
Reason for sell 🚨
PDL PREVIOUS DAILY LOW gap filled
Liq engineered below
Daily fvg and external range liq below
Latest GBPUSD update todayDear readers,
At the time of writing, GBPUSD is trading below the 1.2300 level. This currency pair is benefiting from the widespread depreciation of the US dollar and positive changes in risk sentiment. The UK's employment data is not moving the needle on the British pound. PMI is being closely watched. At this stage, the likelihood of GBP breaking clearly above this level is low. On the other hand, if GBP breaks the strong support level at 1.2165, it would mean that it will be difficult for it to rise to 1.2340.
Best regards,
GBPUSD looks at the Fed's Powell for new motivationDear friends, Currently, after a quiet Asian trading session, GBP/USD has risen higher to the 1.2200 area on Wednesday morning in Europe. The technical outlook still does not show a forming upward trend, but there could be additional gains if this currency pair starts using the support level at 1.2200.
If GBP/USD fails to surpass the 1.2200 level, sellers may still be interested and cause this currency pair to retreat to the 1.2130 and 1.2100 levels.
GBPUSD - British Pound against USD is at support levelThe British pound is showing signs of slipping after a slight increase yesterday, but I personally believe it will come back strongly with current information related to the European market.
More or less the intense war in the Middle East will affect the prices of currencies, and only gold will have stable and sudden growth.
British Pound against USD is at support level
If the war continues to spread to major powers like America, Russia, and China, World War 3 may break out
The European Union (EU) and the United States are planning to create a common tariff area, imposing tariffs on steel and aluminum imports from economies such as China, under their export theme. European Commission on EU-US consensus.
GbpusdU are not the best prop firm 😀 you have any questions for you and I will be able please reply to my ticket to the team and I will not be able please 😭 the same thing 🙏🏻 I am not 🚭 to you and your team and I
The USD simultaneously increased againAccording to CME Group's FedWatch Tool, Fed Funds futures traders are pricing in a 39% chance that the Fed could raise interest rates again later this year, but only a 6% chance of a hike. in the next month.
Fed Governor Christopher Waller recently said he wants to monitor whether the US economy continues to grow strongly or weaken this year in the context of the Fed's recent sharp increase in interest rates.
Meanwhile, New York Fed President John Williams also said that interest rates will need to remain high for a certain period of time to bring inflation back to the Central Bank's 2% target.
Fed Chairman Jerome Powell and several regional Fed presidents will give speeches today, October 19.
A series of recent economic data shows that US economic activity has been little changed over the past month, due to the gloom in the labor market, and prices continue to increase at a "modest" pace. .
Additionally, the greenback also benefited from its safe-haven status due to concerns about the conflict in the Middle East.
On the contrary, the Euro fell 0.38% to 1.0536 USD.
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
Analyze and update GBPUSD new weekHello dear friends!
After several days of price increase, GBPUSD has returned to its downward trend. It is currently trading at 1.2167 as of the time of writing, with a short-term recovery.
The adjustment of the US 10-year Treasury bond yield lower, after increasing by over 3% on Thursday, has made it difficult for the USD to appreciate based on recent gains.
Due to this reason, buyers will continue to push this currency pair higher, with an expected increase between 1.2308 - 1.2415, supported by the trendline and strong support level at 1.2121. What are your thoughts on this article? Please leave your comments below!
GBP/USD extends the reduction of 1,2170, waiting for his CPIHello dear traders!
Currently, GBP/USD continues to incur losses for the second consecutive day, trading below the level of 1.2160 in the Asian session on Wednesday. Optimistic economic data from the United States puts pressure on the currency pair.
GBP/USD reversed after rising to the area of 1.2200, where the recent downtrend's resistance level is located, confirming the significance of this resistance level. Meanwhile, the 4-hour chart shows a consolidation of the downward momentum.
On the other hand, the level of 1.2130 is considered an immediate support level. Closing below that level within the 4-hour timeframe could attract more sellers. In that scenario, GBP/USD may find temporary support at 1.2100 (a psychological level) before targeting 1.2050 (the end point of the recent downtrend).
If GBP/USD rises above 1.2200 and confirms that level as support, it could potentially extend its gains towards 1.2250 and 1.2300.
GBPUSD in rangeGBPUSD in range now...
I'm intraday trader so I do small trades in range....
let's see which side Cable breakout... I will update my view later
GBPUSD SETUPWe can plan a long trade after the break of current resistance targeting the order block.
and then we can plan a short trade at the order block as the overall trend is bearish.
gbp/usd buy setupGBP/USD is known for traps and RISE PATTERN the same is
LIKELY TO HAPPENS HERE
SO PLAN IS AS READY
GBPUSD is expected to decrease slightlyHello everyone! GBP/USD closed the last two trading days of the previous week in the negative zone. Although this currency pair attempted a modest recovery at the beginning of Monday, it failed to gain momentum.
Technical analysis:
GBP/USD maintains a slight upward trend, with prices fluctuating around 1.2168 and decreasing by 0.37% in the day. If safe-haven flows continue to dominate the market in the second half of the day, the USD may remain strong against its counterparts, making it difficult for GBP/USD to gain traction. Positive changes in market sentiment could potentially push GBP/USD higher, but investors may be cautious about betting on improved stability in risk sentiment.
