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Gbpusdidea

GBPUSD: Ready to Buy 🚀After successfully completing our sales this morning (View Below) we are now looking to buy from the key levels of interest. Although we are trading within demand, imbalances remain below. I have illustrated what I would like to see depending on what level rejects. Always locate a level and refine it on the lower timeframes before you proceed with a trade. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
by AlkalineFX
24
GBPUSD: Supply Holding 😜Today is a Bank holiday virtually everywhere, so expect low volume in the markets. I am open to the possibility of a trade today but spreads must be suitable. No real high-impact news but be mindful of the US Manufacturing PMI at 14:45 GMT. Market sentiment shows that buyers have slowly started to close out and sellers have increased. However, the sentiment still currently remains at 56% net long and 44% short. If this supply level holds, sellers may take price all the way down into demand. Do you think it will? 🎯 Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
11
GBPUSD - Potential Short OpportunityHey Traders, this week we will be monitoring GBPUSD . Putting all recent price action and the drop in bullish momentum in to perspective, GBPUSD is poised to face a confluence of resistance at 1.3600 - 1.3625. NB: A confluence of resistance or support is simply an intersection of two or more key levels. Market participants are more likely to gather around an area that involves two or more factors rather than an area with just one. The aforementioned price zone coincides with the fib's golden ratio (61.8%) drawn from swing high to swing low and the down trendline. I expect price to retest this key level and should the market fail to break the bearish market structure from a daily perspective, I will be shorting the pair. Take Profit 1: 1.3450 Take Profit 2: 1.3350 Take Profit 3: 1.3200 Stop Level: 40-50 pips above entry price Happy Trading Week Ahead and a Pipful 2022! Please like and leave a comment.
Short
by K_Budu
Update on GBPUSDIf you followed my previous analysis, now that you've hit TP, congratulations to you. But if there are some of you who don't use the TP or TP further, you can take some profit and move the SL to break even. Because on the daily timeframe the price has started to move towards the kumo cloud, we are still waiting for confirmation whether the price will bounce when it hits the kumo or enter it. However, due to the strong bullish momentum, I think the price could break above the kumo and head towards 1.37, so we'll see what happens.
Long
by PictoPip
GBP/USD Technical Analysis: Rebound Higher Needs MomentumTechnical Analysis The recent gains of the GBP/USD currency pair moved the direction of the technical indicators to the upside. The daily chart below shows that the descending channel has been broken and the reversal has started, and the bulls should move towards the resistance levels 1.3540 and 1.3660 to confirm the trend. On the other hand, the currency pair may return to the bearish path again in case it moves back towards the 1.3180 support level. Today is a British holiday. On the American side, the house price index and the Richmond industrial index will be announced. This is in addition to interaction with announcements about the path of the outbreak of the new variant and restrictions for containment. Yesterday, the UK has reported less than 100,000 cases of the new coronavirus, the first time it has been below this limit in nearly a week. About 98,515 new cases were recorded, down from a Christmas Eve peak above 122,000. The UK government's virus dashboard said the numbers were affected by the Christmas holidays, with data for Scotland, Northern Ireland and Wales incomplete. New infections, led by the highly transmissible omicron variant, have risen by more than a quarter of a million in the past week. Despite the increase in cases and concerns about pressure on the health services, media reports indicate that British Prime Minister Boris Johnson will not impose new restrictions to curb the spread of the disease. Johnson is under pressure from members of his own party to avoid imposing new restrictions on the public. The recent gains for the GBP/USD pair gave weight to the views of technical analysts at Credit Suisse and BofA Global Research who were recently suggesting that the pound's six-month depreciation against the dollar may also be nearing an at least temporary end. Credit Suisse is looking for a trading range to develop as sterling price consolidates between recent lows and estimated highs around 1.3371 over the coming weeks, although the technical team at BofA Global Research sees room for a sterling bounce to extend towards 1.36 resistance. According to Bank of America, “Over the past month, we viewed the GBP/USD pair as a contrarian buying idea at around 1.32 while above the 1.3150 support level (reference reports: Dec 13, Dec 6, Nov 23). Market reactions in response to the deluge of central bank meetings and recent critical data releases confirm this view.”
Long
by SmoothJB
GBPUSD - Ready for the Day Good morning Alkalites! Hopefully, you all had a great Christmas with your families, it is now time to get back to work! I have put together some analysis for GBPUSD today, although the banks remain closed in the United Kingdom, this setup is ideal. Equal lows have been created at the Asian low just above the demand, leaving a liquidity gap open for purging. The major 15m imbalance has been tackled already so I wouldn't expect the price to push past the demand box marked. We have sellers who remain trapped in the bearish candle marked, which usually means the price will be pushed back to the zone so losers can get out of their negative positions. We also have some bullish imbalance from the explosive move on the footprint, these levels are marked as 21x0 and 25x0. I have illustrated what I would like to see today, volume is extremely light but fingers crossed we can make something work. Good luck trading! Are we all ready for the new year?
Long
by AlkalineFX
4