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GBP/USD LMAX

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GBPUSD_LMAX trade ideas

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
Long
by thorrrrr
1
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
Short
by tradergyan01
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.
Long
by okako_trading
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
by VitalismTraders
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
Short
by tradergyan01
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.
Short
by Tilen_FX
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.
Long
by okako_trading
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!!!!
Short
by Phinics
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.
by MTradingGlobal
1
GBP/USD Q3 TECHNICAL OUTLOOK: BULLISH HEADWINDS ACCUMULATE FOR CGBP/USD has exhibited significant volatility in the second quarter, yet it is concluding June near its April 1st opening level. Sterling experienced appreciation against various currencies in late April, but this momentum has subsided as the UK election approaches. Over the past month, the US dollar has been a key driver of GBP/USD movement, with the Federal Reserve maintaining interest rates due to persistent inflation. Given the expectation that the UK will implement interest rate cuts before the US, coupled with uncertainty surrounding the upcoming UK election, GBP/USD is likely to face challenges
by FXBANkthe8055
GBPUSD: Price is still favorable for SellersToday, GBPUSD is trading around the 1.263 level, with the main trend favoring the sellers. The technical outlook points towards further downside targets as the pair remains within a descending wedge. I will trade with the trend and prioritize selling this pair. Pay attention to the upper and lower limits to find optimal buy and sell opportunities, and be mindful of your stop loss (SL) and take profit (TP) levels when the price breaks out.
Short
by HamedMarkets
GBPUSD: It is dollar STUPID!The rise across is Dollar and not the pound fall. If that is the interpretation then read this. Risk Reward is not commensurate to Short the GBP here. While the underlying tone remains weaker. Close will aid some more inputs. Clearly a range of 1.2610-1.2710 Old target of 1.2612 met. Now re-grouping and assertion. One move towards 1.2650-70 is not ruled out. The bigger frame fib 0.382 at1.2617 and 0.5 around 1.2557 blocks for the bears, the last one being the long term moving average.
by sreebhashyam