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U.S. Dollar / Pound Sterling

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Supply & Demand Part 1We will talk about ranges, Premium & Discount levels and trading them. I'm going to explain the basics of Supply & Demand simply. This is Part 1 of a 2-part series. We’re going to cover the concept of buying high & selling low, ranges, Premium & Discount zones and taking entries & exits based on what we learned. Buying high & selling low Before we get into the topics, let's quickly understand the concept of buying high and selling low. We'll be using this concept throughout this idea. Why is it good to buy low and sell high? Let's imagine that we're trying to buy & sell a pair of shoes. If you buy at the 0.25 level and price goes up to 0.75, you make a profit. But if you bought at 0.5 and price goes up to 0.75, you would make less profit. If you buy at 0.25 and price goes down to 0, you make a loss. But if you buy at 0.5, you make much more of a loss. In the examples above, we can see that buying low is beneficial because it reduces how much money we lose and at the same time increases how much we can earn. The same logic can be applied to a sell. If we sell high at 0.75, we have less money to lose if price goes to 1 AND at the same time, we have more money to gain if price goes down to 0.25. But if we sell at 0.5, we have more money to lose (if price goes up to 1) and less money to gain (if price goes down to 0.25) The point is that it’s best to sell high and buy low. Range Let’s talk about what a range is. A range is the area between the latest swing high and swing low. A new range is formed when structure is broken and confirmed. Let’s look at how structure is broken. (a bearish structure break) We have our swing high and swing low to the left of the chart. This is currently our range. Then, price pulls back up and closes below the swing low (it breaks structure to the downside). A structure break only happens when a candle’s close is below the last swing low. Always check this on the previous candle and not on the current realtime bar which is forming. The current realtime bar will repaint and we won’t be sure if the close of the candle will actually remain below the last swing low (until the candle has finished forming). Now that our break of structure happened, we have to confirm the new low which just formed. We confirm this low by waiting for price to come up again and close (and not just form a wick) inside the range we had. Now, we know that our new low is confirmed. Once our new low has been confirmed, we can draw our new range. The new range’s top will be the highest high (i.e. the high which caused that confirmed low). The new range’s bottom will be the confirmed low. Let’s look at how a bullish structure break is formed. We have our range to the left of the chart. then, price comes down and then closes above the range. Now, we have an unconfirmed high. To confirm this high, we wait for price to close back inside the range. Once that’s done, we have our new range. Premium & Discount zones To understand Premium and Discount zones, let’s use a fib. The fib is divided into 4 zones: 0%, 25%, 75%, 100% A premium zone is the upper 25% (75% - 100%) of the fib and a discount zone is the bottom 25% (25% - 0%) of the fib. The other area in the middle (25% - 75%) is fair pricing. Aim to buy when price reaches the Discount zone (buy low) and sell when price reaches the Premium zone (sell high). Combining ranges with zones Let’s look at a way we can use what we learned to take entries and exits. For a buy: look for a bullish structure break. Then wait for price to close inside the range (to confirm the bullish structure break). Now, we have a new range. Draw a fib on the new range. Wait for price to reach the Discount zone of that fib. A candle low should be within the discount zone. You can buy there. Exit when price reaches the bottom/top part of the premium zone. If price fails to go down to the Discount zone to give us an entry and instead reaches the Premium zone and goes even higher above the new range, that means that a new range formed and we have to wait for this new range to be confirmed. This new range’s top will be the high that was broken, and the bottom will be the low that caused the move up which broke the high. Wait for price to close inside this new range for it to be confirmed. Then we have to wait for our buy signal again. For a sell: look for a bearish structure break. Then wait for price to close inside the range (to confirm the bullish structure break. That is our new range. Draw a fib on the new range and wait for a candle high to reach within the Premium zone. Sell there. Exit when price reaches the bottom/top part of the Discount zone. If price fails to go up to the Premium zone to give us an entry and instead reaches the Discount zone and goes even lower below the new range, that means that a new range formed and we have to wait for this new range to be confirmed. Our new range’s bottom will be the low that was broken, and the top will be the high that caused the move that broke the low. Wait for price to close inside this new range for it to be confirmed. Then we have to wait for our sell signal again. I hope you find this useful!
Education
by SamaaraDas
GBPUSD: narrow tradeCurrently, GBPUSD continues its upward trend as it surpasses the resistance level of 1.276, marking a 0.13% increase for the day. On the analysis chart, the upward momentum is still strongly supported by an unbroken trend line, and it has become even stronger as the USD is still recovering. RKarina's price target in the near future is 1.28 (A new peak is expected to be established when this pair touches the trend line). What are your thoughts on the trend of GBPUSD?
by RKarina
GBPUSD: Recovering in greenHello dear friends! Today, GBPUSD continues its winning streak as it continues to rise with prices fluctuating around the 1.276 level, marking a 0.21% recovery for the day. The price increase of this currency pair is supported by a weaker US Dollar (USD) and improved risk appetite. Traders are awaiting the US Consumer Price Index (CPI) for December for new momentum, as GBPUSD will face resistance levels at 1.281 and 1.282. What are your thoughts on the future trend of GU? My perspective prioritizes buying orders
Long
by RKarina
My thoughts on GBPUSD 12th Jan 2024GBPUSD sell limit @ 1.2786 SL 1.2806 TP1 1.2766 TP2 1.2746 TP3 1.2726 TP4 1.2688 (Least possible risk per least lot size per entry = -$2) I think the cable will rally to that 30min supply zone above recent highs where retail trader's liquidity also lies. Possibly that liquidity will enable the market makers to buy at a premium then drop to take out the recent lows. Risk:Reward = 5.4. I also think EURUSD will emulate the same movement. EURUSD sell limit @ 1.1009 SL 1.1040 TP1 1.0970 TP2 1.0940 TP3 1.0910 TP4 1.0055 (Least possible risk per least lot size per entry = -$3.1) Don't risk more than 2% of your account balance.
Short
by Jay_Fx_Academy
GBPUSD NEXT MOVE (MID TERM ANALYSIS)(29-12-2023)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (29-12-2023) Current price- 1.27400 Trading tips, use the level shown in the chart for selling and buying. everything mentioned in the chart. -POSSIBILITY-1 NA -POSSIBILITY-2 if Gold moves in the selling area as shown in the chart, we will place sell orders and hold them up to target shown in the chart. Our trading Preference, Trading tips: NA Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
GBPUSD NEXT MOVE (ideally a correction is required)(01-12-2023)Go through the analysis carefully, and do trade accordingly. -POSSIBILITY-1 AS the price is in correction phase, if Price stays below 1.27400, then next target 1.25500 and it may goes up to 1.23500 -POSSIBILITY-2 if Price breaks 1.10200, then up trend will be resumed and next target will be 1.29700 and 1.31200. Our trading Preference Trading tips: (Accuracy 90%) GBPUSD Sell/Buy @NA TP@NA SL@NA Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
Short
by AnupZiddi
2
GBPUSD NEXT MOVE (HUGE SELLING MAY COME) (05-12-2023)Go through the analysis carefully, and do trade accordingly. -POSSIBILITY-1 AS the price is in correction phase, if Price stays below 1.27478, then next target 1.25500 and it may goes up to 1.23500 -POSSIBILITY-2 if Price breaks 1.10200, then up trend will be resumed and next target will be 1.29700 and 1.31200. Our trading Preference Trading tips: (Accuracy 90%) GBPUSD Sell: 1.26200 TP@1.25200 & 1.24200 SL@1.27478 Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
Short
by AnupZiddi
GBPUSD NEXT MOVE (Bulls need a break)(05-12-2023)Go through the analysis carefully, and do trade accordingly. -POSSIBILITY-1 AS the price is in correction phase, if Price stays below 1.27478, then next target 1.25500 and it may goes up to 1.23500 -POSSIBILITY-2 if Price breaks 1.10200, then up trend will be resumed and next target will be 1.29700 and 1.31200. Our trading Preference Trading tips: (Accuracy 90%) GBPUSD Sell/Buy @NA TP@NA SL@NA Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
Short
by AnupZiddi
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 price momentum remainsThe GBP/USD pair continues its streak of consecutive victories this week. Positive risk acceptance and the slight decline in the US Dollar are supporting the pair's price increase. The currency pair is currently trading at 1.2759, up 0.05% for the day. In recent times, this level has been a significant resistance point for the pair. However, with the support from the upward trend and trendline, we can expect positive signals from the EMA 34 and 89 for this currency pair. If favorable conditions persist, it is anticipated that after a small retreat to the 0.618 - 0.5 Fibonacci level, GBPUSD will gain new momentum and achieve a breakout towards the 1.28 peak.
by RKarina
GBPUSD fades bounce off 200-SMA after three-week uptrendGBPUSD prints mild losses around 1.2700 early Monday, after snapping a three-week uptrend in the last. In doing so, the Cable pair justifies the previous week’s downside break of a two-month-old rising support line, now immediate resistance around 1.2765, as well as fades the bounce off a 200-SMA level surrounding 1.2635. However, the upbeat conditions of the RSI (14) line and the bullish MACD signals keep the buyers hopeful unless the quote slips beneath the stated key SMA, a break of which could quickly drag the quote toward December’s low of 1.2500. It should be noted that the Pound Sterling’s weakness past 1.2500 will have the 61.8% Fibonacci retracement level of near 1.2375 as the last defense of the buyers. On the flip side, the GBPUSD pair buyers can regain control by crossing the support-turned-resistance line of around 1.2765. Following that, the recent peak surrounding 1.2830 and an ascending trend line from late November, close to 1.2860 at the latest, could check the Pound Sterling’s upside momentum ahead of directing the bulls toward the 1.3000 psychological magnet. Should the quote remain firmer past the 1.3000 threshold, the previous yearly high of nearly 1.3145 will be in the spotlight. To sum up, the GBPUSD pair buyers are likely losing control the sellers need validation from the 200-SMA breakdown to retake control.
by MTradingGlobal
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
1
GBPUSD NEXT MOVE (wait for selling area) (05-01-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (05-01-2024) Current price- 1.26400 Trading tips, use the level shown in the chart for selling and buying. everything mentioned in the chart. -POSSIBILITY-1 NA -POSSIBILITY-2 if Gold moves towards the best selling area as shown in the chart, we will place sell orders and hold them up to target shown in the chart. Our trading Preference, Trading tips: NA Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi