GBPUSD LONGAs pound has taken a good impact of the news, hence, came to a demand zone, simple go long from here for some green pips as the price is currently following an upward trend.
Happy Trading
Gbpusdlong
GBPUSD
GBP/USD is exhibiting a bullish trend in the 4-hour timeframe, as evidenced by its movement within an ascending channel. Traders are currently anticipating a potential breakout from a descending triangle pattern, which could further support the upward momentum. Keeping a close eye on this technical pattern may offer opportunities for strategic entry or exit points in the market.
my plan setup 2Fundamental and Technical Analysis
Fundamental analysis covers the economics of the UK and US such as macroeconomic data, political news, important events that can affect currency exchange rates.
Technical analysis includes chart pattern reading such as trends, support and resistance levels, oscillator and momentum indicators.
Choose Timeframe and Indicators
For SMC which focuses more on swing trading, suitable timeframes are 4 hours or daily chart.
Use indicators such as MACD, Stochastic, RSI to detect buy or sell momentum.
Determine Buy and Sell Levels
Determine support and resistance levels as entry buy and sell guidelines. For example support at 1.3000 and resistance at 1.3400.
Use crossing indicators as entry signal confirmation.
Trade Management
Limit risk by placing stop loss below support level and take profit above resistance level.
Capital rotation to take advantage of multiple positions per month. For example allocate 20-30% of capital for each position.
Evaluate Strategy Performance
Monitor and record each trade result to evaluate consistency of the strategy.
Make adjustments to parameters or indicators if needed.
GBPUSD H1 / LONG ENTRY IDEA $$$Hello Traders!
This is my idea related to GBPUSD H1. I will wait for a confirmation for a long entry after the chart will touch the OB level. I expect a bullish move until the resistance level mentioned on the chart.
Traders, if you like my idea or have a different opinion, please, feel free to leave a like, comment and subscribe to see my future ideas.
GBPUSD LONG TERM BULLISH !! HELLO FRIENDS!
GBPUSD on daily TF showing us holding a strong support zone we are expecting a little retracement and then we can join the bull rally BOE is keeping interest rates higher which is showing a strength in currency after a big drop from BREXIT till now friends its just an trade idea shares Ur thoughts with us it helps trader community.
Stay Tuned for more updates!
GBP / USD LONG Very Messy price Action, and am long bias as I believe that gbp is the stringer currency. In order to take this I would like a rejection from bottom, ideally via a break and and pull back back into structure with a 4h close and a higher high close on a smaller time frame for a long back to the top of structure.
Alternatively if a pull back doesn't occur then i would look for a break and a 4h close above the blue zone with a retest and a Higher high close on the smaller time frame.
GBPUSD Imminent Longs or wait for 1.26600 for bullish reactionThis week's analysis suggests a bullish reaction in line with the current uptrend, making it a favorable pro-trend opportunity. Currently, price resides in a 2-hour demand zone, and I'll be closely monitoring for a Wyckoff accumulation pattern. Should my confirmation on the lower time frame align, I'll consider buying, although this zone isn't the most optimal.
Ideally, I'd prefer this zone to fail, allowing for a potential move to mitigate the 2-hour demand zone below or the 3-hour demand zone that swept the bottom boundary of the consolidation. While this zone presents a promising setup, I'll exercise caution and await additional confirmation before considering an entry.
Confluences for GBPUSD Buys are as follows:
- Price has been temporarily bullish and this idea goes along with the current trend.
- Pullback is ongoing so I can anticipate a potential Wyckoff accumulation to unfold.
- Lots of liquidity above that needs to be swept as well as a strong supply as well.
- Price has swept the bottom part of the consolidation causing price to break structure to the upside.
- A few clean demand zones that need mitigating like the current 2 hour or the ones just below.
P.S. Despite the current bullish sentiment, I find the supply zone around 1.28000 on the 10-hour chart intriguing for potential sell opportunities. Therefore, my plan is to aim for buying opportunities leading up to that zone.
HAVE A GREAT TRADING WEEK EVERYONE!
GBPUSD: Asian forex bears strengthen as US interest rate cut hop
In recent developments, bearish bets on several emerging Asian currencies have increased as traders readjust their expectations for an early interest rate cut by the US Federal Reserve. This change has prompted investors to seek refuge in the US dollar. A reassessment of the US Federal Reserve's (Fed) monetary policy trajectory has led to a stronger USD, derailing most Asian currencies since the start of the year.
The odds of the Fed lowering interest rates in March have dropped significantly to 41.5%, down sharply from more than 75% just a month earlier, according to NASDAQ:CME's FedWatch Tool. This change in sentiment comes ahead of the expected initial estimate for fourth-quarter U.S. GDP, which is expected to show a 2% annual growth rate.
GBPUSD Monthly OverviewOverall, this pair is bullish as we understand that the pound has always had the edge over the dollar. Price now trades in a tight consolidation and awaits a break-out. I see this pair breaking out soon and reaching resistance 1.45 in the near future, and beyond that to 1.7. This is the kind of trade you execute and delete your trading platform for a good 3 months. I will be back in March to see how this one performs. Swing Traders are you with me?
GBP/ USD BUY Still in an up trend in my opinion and the last two 4h closes show that there is potential loss of momentum, so therefore I am an looking for a break back above structure and a 1h / 4h close above the blue line to look for the entry, however if that doesn't materialize and the get a close below the trendline then I will look for shorts
Potential Daily Head & Shoulders IDEAHere I present my daily idea for GBPUSD which could provide us with some nice short and long opportunities. I feel that if we break the current trendline to the downside, we will see a drop to the 1.25 region. From here, we can take a long trade during the retrace. When the head and shoulder structure looks mature, we can look at taking a second short towards the 1.23 region ;)
GBPUSD | Long ideaExpecting a move up from this zone.
GBPUSD is still in an uptrend so I am will be looking for long positions.
💡 GBPUSD: Forecast January 22ANALYSIS TODAY: GBPUSD stalled during the weekend session, still stuck in range. Reiterating that although it was not possible to make a higher high in the past 1 month, the bullish signal has reappeared (bullish engulfing pattern), you can continue to hold the existing long positions and still place SL is below the 1.26 resistance level.
Indicator is used:
- Chandelier Exit
- EMA
- MACD
GBPUSD WEEK ANALYSIS 21/01/2024Is GU really going down as we see on HTF?
Or was it really a manipulation to be going back up
Going into this week I will be strictly monitoring this pair to see how it goes
GBPUSD to find buyers at market?GBPUSD - 24h expiry
The primary trend remains bullish.
The selloff has posted a correction count on the daily chart.
A move lower faces tough support and we remain cautious on downside potential.
Risk/Reward would be poor to call a buy from current levels.
The preferred trade is to buy on dips.
We look to Buy at 1.2725 (stop at 1.2693)
Our profit targets will be 1.2805 and 1.2825
Resistance: 1.2785 / 1.2825 / 1.2870
Support: 1.2725 / 1.2700 / 1.2655
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
💡 GBPUSD: Forecast January 19The price has recovered after buyers returned to around the 1.26 support level. Temporarily, the bullish structure still holds although the price has not created a new peak in more than a month. Reiterating that the bullish signal has reappeared (bullish engulfing pattern), you can continue to hold your existing long positions and still place SL below the 1.26 resistance level.
The Potential Strong Bull on the Horizon...In terms of trading analysis, I am a strong advocate for taking a long-term approach and striving to gain the best possible insight into where the market may be heading in the coming quarters (and in some cases even further ahead) .
Identifying the overall direction of the market is a critical factor not just in positioning oneself for high-percentage gains but also in increasing profits while reducing trade frequency.
I have already shared my EUR/USD outlook in a previous video, but I would also like to share my ideas here regarding both the GBP/USD and AUD/USD pairs.
While my main focus is typically on the EUR/USD, I do occasionally explore other pairs if there are promising opportunities.
The GBP/USD setup is a large falling wedge which typically calls for a move to the upside. Coupled with a up trending MACD which further gives this further strength of a possible bullish move.
The AUD/USD setup is a large falling Descending triangle which typically calls for a move to the upside. Coupled with a up trending MACD which gives this further strength of a possible bullish move.
Projected target on the GBP/USD is 1.4000.
Projected target on the AUD/USD is 0.7700 (possibly extended to 0.8000..
GBPSUD ICT Long setup in Lower timeframe. 30 pips profit possiblGBPSUD ICT Long setup in Lower timeframe. 30 pips profit possible!
Hey traders! 👋
Quick update~
GBPUSD is in Downtrend in 4H or above timeframes.
Perhaps a displacement and Choch break through 1.2679, retested on support level 1.2639 today.
Possible a little hit the Swing high 1.2696~ Gain some pips from Long trade.
Remember, this is just an idea and not a guarantee. Always do your own research and analysis before making any trades. Good luck! 🤞
If you found value in this post, please like and share it and let more traders can alert this and for up coming updates and ideas, thank you so much!👋
GBPUSD M30 / LOND TRADE OPPORUNITY 💲Hello Traders!
This is my idea related to GBOUSD M30. I see a small retracement and I expect an increase until the OB marked above.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
GBPUSD London Session Buy Recap 70+ pipsPrice broke below the KL but the next 30 minute candle closed back above, indicating a small liquidity grab for price to move back up. CPI was to follow and as the next hourly candle broke the previous high, buys were entered with us anticipating CPI to drive price back up to the next KL. Secured some profits there, and left a runner to target the KL at 1.26900.
GBPUSD: Dollar slides lower after CPI data; Sterling is supporteThe dollar steadied in early European trade on Friday as investors focused on mixed U.S. consumer inflation data and the potential impact of the FBI's interest rate cut. Future Federal Reserve System.
As of 4:25 p.m. ET (9:25 p.m. Japan time), the dollar index against a basket of six other currencies was trading steady at 102.022, down from Thursday's high of 102.76 (a five-month low). Although it has fallen from a certain point of 100.61, it is still above it.
U.S. consumer prices rose 0.3% in December, according to data released Thursday. The annual rate of increase was 3.4%, exceeding expectations of 0.2% and 3.2% increases, respectively. increase. However, the dollar received little support from this, as the "core" CPI, which excludes volatile food and energy prices, fell again, suggesting underlying inflation remained subdued.
Federal Reserve officials have sought to downplay the possibility of early rate cuts, with Cleveland Fed President Loretta Mester saying Thursday that the latest CPI numbers indicate it may be too early for the central bank to cut rates. Major interest rate cuts in March.
But most traders still expect the Fed to start cutting rates as early as March.
"A rate cut in March is still priced in by more than 60%, and we still see near-term vulnerability in risk assets from this move," ING analysts said in a note. The new decision is too restrictive. ”
All eyes are now on the US producer price index, which will be released in late trading, with the index expected to rise 0.1% in December, bringing the annual rate of increase to just 1.3%.
In Europe, the pound/dollar pair rose 0.1% to 1.2775 after data released on Friday showed the British economy grew slightly more than expected in November. The country's GDP rose 0.3% this month, beating expectations for a 0.2% increase.
💡 GBPUSD: Waiting for new signalAlthough down, last Friday's D1 GBPUSD bar has the form of a bullish pinbar pattern, showing buying pressure from below. Right in front is also a bullish pinbar. Although it is moving sideways and accumulating in the inside bar model, GBPUSD D1 is putting pressure on the upper border, easily leading to a break to the upside.
The accumulation structure with upward sloping price bottoms and sideways price peaks creates upward price pressure for GBPUSD H1, which is the reason for continuing to choose buying ideas for GBPUSD today.
