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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

GBP/USD sticks to the topic limited scopeSamson greeted everyone with a warm hello! Last Friday, Samson expressed that there might be a potential increase in the GBP, surpassing the level of 1.2230. However, maintaining a stronghold above this level could prove to be challenging. Additionally, Samson emphasized that the main resistance at 1.2270 would be difficult to breach. Unfortunately, the actual price movement did not align with our predictions. In the New York market, the GBP initially dropped to its lowest point at 1.2107, but then quickly rose to its highest level at 1.2262. As a result, the future outlook is uncertain, and it is likely that the GBP will trade within a relatively wide range of 1.2130 to 1.2270 today. At present, the price is trading at 1.2173 with an expected increase towards 1.2270. This upward trend will continue if this currency pair continues to receive strong support from the USD.
Long
by Samson-FX
Trading Volatility: Making Money When Markets Get WildVolatility means how much an asset's price changes over time. Some traders see it as a risk, but experienced traders know it can also bring chances to make money. In this article, we'll explore trading volatility, explain key ideas, and offer practical tips for profiting in unpredictable markets. Understanding Volatility: What It Is Volatility is how much an asset's price moves up and down. High volatility means big price swings, while low volatility means steadier prices. Volatility trading is not for everyone. It is a risky activity that requires a deep understanding of the markets and a sound risk management strategy. Traders who are new to the markets or who do not have a high risk tolerance should avoid volatility trading. Why Volatility Matters Volatility matters for a few reasons: Profit opportunities: Prices can move quickly, creating chances to buy low and sell high, or vice versa Risk management: Having a trading plan and sticking to it is essential for risk management. A trading plan should outline your entry and exit criteria, as well as your risk management strategy. For example, you should decide how much money you are willing to risk on each trade and how you will manage your losses. Timing is everything: Volatile markets can provide good entry and exit points for traders. It is important to be aware of market conditions so you can take advantage of these opportunities. Practical Tips for Trading Volatility Use Volatility Indicators: Watch indicators like the Average True Range (ATR) or the Volatility Index (VIX). They help you spot when markets are wild and when it's best to trade. * Average True Range (ATR): ATR measures the average price range over a specified period, giving traders insights into the asset's volatility. When ATR values spike, it indicates heightened market volatility, signalling potential trading opportunities. * Volatility Index (VIX): Often referred to as the "fear gauge," VIX gauges market sentiment by measuring the expected volatility in the S&P 500. High VIX levels typically correspond to increased market turbulence. Volatility indicators can be used to identify trading opportunities in a number of ways. For example, the ATR can be used to set stop-loss orders at a distance that is appropriate for the asset's volatility. The VIX can be used to identify periods of high volatility, which may offer more trading opportunities. Embrace Options Trading: Options are contracts that let you buy or sell assets at specific prices by certain dates. They can be useful in turbulent markets. Strategies like straddles or strangles can help you profit from big price moves, no matter the direction. *Straddles :These are versatile options strategies that can be employed during volatile periods. A straddle involves buying both a call and a put option with the same strike price and expiration date. It profits from significant price movements in either direction. *Strangles: A strangle is similar but involves buying call and put options with different strike prices, allowing traders to capitalise on volatility without committing to a specific price direction. Options trading can be a complex and expensive way to trade volatility. However, it can also be a very effective way to profit from big price moves. Traders who are considering using options to trade volatility should make sure they understand the risks involved. Set Stop-Loss Orders: In wild markets, set stop-loss orders to limit potential losses. Decide how much risk you can handle and set stop levels accordingly. Diversify Your Portfolio: Spread your investments across different assets. This reduces the impact of volatility on your overall portfolio. Choose assets that don't move in sync with each other. Challenges of Trading Volatility Trading in volatile markets presents unique challenges: Quick Thinking: Traders must make decisions swiftly as market conditions can change rapidly. This requires adaptability and staying informed. Emotional Discipline: Emotions can run high in turbulent markets. Maintaining emotional discipline is crucial to avoid impulsive decisions driven by fear or greed. Additional Tips for Managing Risk in Volatile Markets Position Sizing: Determine the size of your trades based on your risk tolerance and the specific volatility of the asset. Smaller positions can help limit potential losses. Risk-Reward Ratio: Always assess the potential reward against the risk before entering a trade. A favourable risk-reward ratio is essential for long-term success. Trading Psychology: Developing a robust trading mindset is key. Stick to your trading plan, maintain discipline, and avoid overtrading. Examples of Trading Volatility Let's look at some examples: Volatile Currency Pair: Imagine you're trading the EUR/USD currency pair during a time of uncertainty. The ATR indicator shows high volatility. To profit from this, you enter a short-term trade, taking advantage of rapid price swings. Stock Earnings Announcement: You're trading a tech stock known for big price moves during earnings reports. Before the report, you buy options using a straddle strategy. This lets you profit from significant price moves, whether up or down, after the earnings news. Final thought : Trading in volatile markets can be both rewarding and challenging. Understanding volatility, using helpful indicators, and managing risk are key to making money when markets get wild. Always remember that trading involves risks, so it's essential to have a solid plan and stay disciplined in unpredictable conditions.
Education
by BhanuNagpure
2
GBP/USD fluctuates within 1,2200Greetings, everyone! As anticipated, the GBPUSD pair has maintained its upward trajectory. The US market data indicates strong growth. Moreover, the Federal Reserve's commitment to further strengthening prospects supports the rising interest rate of US Treasury bonds and delays adjustments for this week compared to the beginning of the year. This, coupled with expectations that the Bank of England (BoE) will once again keep interest rates unchanged in their upcoming November meeting, contributes to limiting fluctuations in the GBP/USD exchange rate. As a result, buyers in gold are continuing to drive up prices on this currency pair which currently stands at $1,218; it is projected to increase further towards $1,227. The upward trend will persist until resistance is met at its peak and breaks through the current pattern.
Long
by Samson-FX
GBP/USD is now seen in the unified range Today, the GBPUSD has experienced a significant increase after breaking through the downtrend, currently trading at 1.213. The latest report from Samson, which was two days ago (October 3rd), stated that the immediate delivery was at 1.2090. Samson emphasized that "the recent weakness of GBP continues and is likely heading towards 1.2000." Yesterday, GBP dropped to 1.2039 and then made a strong recovery to surpass our "strong resistance" level of 1.2160. Breaking through this "strong resistance" level indicates that the downward momentum is weakening. The current price volatility may be part of a trading range phase, potentially ranging from 1.2030 to 1.2270.
Long
by Samson-FX
GBPUSD appears vulnerable to test multi-month-old support lineGBPUSD remains pressured at the lowest level in seven months, reversing the previous week’s corrective bounce, as the Cable traders await final prints of the UK S&P Global/CIPS PMIs for September. It’s worth noting that a clear downside break of an eight-month-old horizontal support zone joins the bearish MACD signals to keep the Pound Sterling bears hopeful. However, the oversold RSI (14) line and 50% Fibonacci retracement of October 2022 to July 2023 upside, near 1.2040, restricts the immediate downside of the pair. Following that, the 1.2000 psychological magnet and an ascending support line from November, close to 1.1890 by the press time, will entertain the bears. In a case where the quote remains bearish past 1.1890, the 61.8% Fibonacci ratio of around 1.1780 will be the last defense of the buyers. On the contrary, the previous weekly low of around 1.2110 restricts the nearby downside of the GBPUSD pair ahead of the 10-SMA level surrounding 1.2170. More importantly, the support-turned-resistance area comprising multiple levels marked since February, near 1.2310–2270, appears a tough nut to crack for the Cable pair buyers to cross past 1.2170. Should the Pound Sterling remain firmer past 1.2170, a three-month-long descending resistance line surrounding 1.2470 will be crucial for the bulls to cross before retaking control. Overall, GBPUSD is likely to remain bearish even as the downside room appears limited.
by MTradingGlobal
GBPUSD is limited to narrow amplitudeGreetings, everyone! Allow me to present an update on the current status of GBPUSD. The currency pair is currently holding steady at approximately 1.2186, continuing its downward trend. Efforts are being made to regain lost ground. There is an anticipation of a minor decline in this particular currency pair, possibly reaching the psychological threshold of 1,211. This level will be regarded as a crucial support level for a potential bullish push. Now I turn to you: what are your thoughts on this matter?
by Samson-FX
GBPUSD slides along the bottom to continue searching the bottomLet's delve into the current market conditions. Today, the GBP/USD pair is experiencing a series of discounts that began on September 20th, trading below the 1.2150 mark. The positive economic data from the United States is intensifying the pressure on this particular currency pair. If the pair manages to maintain stability above 1.216, there is a possibility of recovery towards 1.2230 (the midpoint of the decreasing channel) and within a range of 1.2250-1.2260 (wherein we observe a gradual decrease in upper limits and static levels). On the other hand, it appears that short-term support has formed around 1.2170 level mark. A breach in this level could potentially lead to further discount opportunities towards 1.2130 (a static level maintained since February) and ultimately reach down to psychological levels at around 1.2100. Overall, these factors contribute significantly to shaping today's market landscape for GBP/USD trading activities through continuous assessments and analyses
Short
by Samson-FX
GBPUSD continues to decline deeplyGreetings to everyone. The pair of GBP/USD is currently experiencing a downward trend, with the current trading value at 1,2141. This decline can be attributed to the sudden suspension of interest rate hikes by the British Bank (BoE), while the Federal Reserve (Fed) has indicated a more hawkish stance and hinted at potential future interest rate increases. The discrepancy in monetary policies between BoE and Fed has put significant pressure on the pound (GBP) and is posing challenges for the GBP/USD pair. Attention about news: At the end of the day, the US Census Department will publish durable orders for August. This is expected to be a positive news for GBPUSD.
by Samson-FX
GBP/USD gets close to the peak for many daysHello everyone, this is Samson speaking! GU is currently maintaining a strong position and trading around the price level of 1.222. In addition to that, according to recent information from the US Federal Reserve, inflation remains high in the US and there may be at least one more interest rate hike by the end of this year. Therefore, data will impact expectations for the future interest rate path set by Fed which will in turn create new momentum for USD and drive GBP/USD pair. Please note that I have rephrased each paragraph individually to ensure no four consecutive words are identical between the original and reworded paragraphs while still maintaining the overall meaning and main points of the text.
by Samson-FX
2
GBP/USD continues to fall deeplyDuring the Asian session on Thursday, the GBP/USD pair experienced a slight increase and moved away from its lowest point since March 17, which was around the 1.2110 area it reached the day before. However, the price of the pair is still below the mid-1.2100 level and appears to be susceptible to a continuation of its downward trend that has persisted for approximately two months. Meanwhile, there seems to be a prevailing bullish trend for USD in the short-term as more individuals come to accept that the Federal Reserve (Fed) will continue tightening its monetary policy further and keep interest rates elevated for an extended period of time. This expectation plays a significant role in predicting that gold will decline in value in the near future, regardless of any substantial recovery it may experience.
Short
by Darius_trader
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.
Short
by okako_trading
GBPUSD continues to decrease as USD increasesHello traders what do you think about GBPUSD? The GBPUSD pair is on sale from $ 1,240. This pair of money is currently at 1,219 expected to drop sharply to the specified level. News this week: The upcoming macro data of the United States supports the Fed's further strengthening prospects, which still supports the recent recent recovery of the US Treasury and Silver Interest rates. Late green. In addition, the British Central Bank (BoE) suddenly suspended inflation last Thursday turned out to be another factor weighing on the GBP/USD pair.
Short
by Samson-FX