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Gbpusdlong

GBPUSD Next Week TradesThese are the three trades that I will be looking to take next week. Trade #1 2.93:1 short trade to 1h demand zone. Price has aggresively rejected from the 4h LH and has also formed relative equal highs (this is important for the third and final trade). I am expecting price to push down to the 1h POI (trade #2) which is also below equal lows. If price pulls back up into the 1h POI then I will look for a short entry on the lower time frames. Trade #2 3.8:1 long trade to 1h POI above relative equal highs. The relative equal highs mean that above them is liquidity. I am expecting price to push up above these highs to then carry on moving down. I will look for long entries on the lower time frames after price has reached this zone. Trade #3 9.32:1 short to daily POI This is the main trade of the week. I expect price to carry on with its down trend until it reaches the daily POI (target). If price sweeps the relative equal highs and enters this zone I will look for short entry opportunities to continue with the higher time frame trends. These three trades equal 16.05% potential returns. Like this post and follow to keep updated throughout next weeks trading.
by DrRoach2
2
Is GBPUSD ready to break out?Is GBPUSD ready to break out? Is the USD getting weaker? I think so, but best to wait and find out. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista
High probability trade in minutes Asia Monday GBPUSD Long Here is a trade I will take once the liquidity picks up as its still pre-market in Australian Monday trading and liquidity and spreads will be much better in a couple of hours. The trade is Long GBPUSD along the lines of the Daily chart 200ema where I expect price to continue to respect it and the influence of the ema right on price will spark renewed interest from traders during Monday. Standby for about 1 to 2 hours and I will provide my entry, SL and potential TP. Cheers, Chris
Long
by Easy_Explosive_Trading
1
GBP/USD Bullish Reversal - Inverted Head & Shoulders FormationPattern Formation: The GBP/USD pair is currently forming an Inverted Head and Shoulders pattern, which is a classic bullish reversal signal. This pattern indicates that the downtrend may be coming to an end, and we could see a potential upward movement upon confirmation. Key Support and Rejection Level: The price has shown a strong rejection from a key Support level at 1.29050 , which aligns with the 0.618 Fibonacci Retracement level. This confluence strengthens the support, suggesting that the price has found a significant bottom at this level. The repeated rejections at this zone indicate buying pressure, supporting the potential bullish setup. RSI Analysis: Upon analyzing the Relative Strength Index (RSI) on the 4-hour timeframe, there is a clear Bullish Divergence . While the price was forming lower lows, the RSI was forming higher lows. This divergence suggests a potential reversal in price, further validating our bullish outlook. Entry Strategy: An entry is recommended upon the breakout of the Neckline at approximately 1.30020 . For a more conservative approach, entering on a re-test of this level will provide additional confirmation of the breakout's validity. Entry Point: Near 1.30020 Stop Loss: Near 1.29050 (below the support level) Take Profit Levels: To maximize the potential profit while managing risk, the following take profit (TP) levels are suggested: TP-1: 1.30990 TP-2: 1.31960 TP-3: 1.32930 Conclusion: The overall technical analysis indicates a potential bullish reversal for GBP/USD based on the Inverted Head and Shoulders pattern, support at 1.29050, 0.618 Fibonacci level, and bullish RSI divergence. An entry near 1.30020 with a stop loss at 1.29050 offers a favorable risk-to-reward ratio. The market should be closely monitored for a confirmed breakout or re-test at the neckline level. Recommendation: Watch for a clean breakout or re-test at 1.30020 for a potential bullish entry, and follow the risk management plan by placing the stop loss near 1.29050.
Long
by trading_jupiter
GBP/USD Giving Amazing Bullish P.A ,Let`s Buy It To Get 200 PipsWe have many bullish price action in this pair , we have head and shoulders reversal pattern and we have a very good breakout for our old res and we have 2 retest to the same support and the price played perfect with it and now the price above our support , so i think it will be a great chance to buy it if the price retest the same support again or if the price continue without retest we can enter after the price close above neckline for the pattern with 4h candle . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
3
GBPUSD Long UpdateGBPUSD looks to be starting a small reversal to return to the extreme of the leg on the daily chart. I want to see the 4h LH broken before price moves back down to our entry levels breaking the double bottom that's almost formed on the hourly. Trading opportunities will be: Long trades targeting the 2 1h POI zones above 4h LH (these are higher risk trades). Short trades after the 4h LH has been broken to the long trade entry zone. 2 long entries. Long entries are 10:1 and 14:1 making this a very high reward trade opportunity. Follow for more updates.
Long
by DrRoach2
GBPUSD Long UpdateGBPUSD looks to be starting a small reversal to return to the extreme of the leg on the daily chart. I want to see the 4h LH broken before price moves back down to our entry levels breaking the double bottom that's almost formed on the hourly. Trading opportunities will be: Long trades targeting the 2 1h POI zones above 4h LH (these are higher risk trades). Short trades after the 4h LH has been broken to the long trade entry zone. 2 long entries. Long entries are 10:1 and 14:1 making this a very high reward trade opportunity. Follow for more updates.
Long
by DrRoach2
2
GBPUSD: Two Possible Buying Opportunity! Are you buying GU?Dear colleagues, I would like to share my analysis of the recent price action in the GBPUSD currency pair. As you may be aware, the pair was rejected at the 1.34 level after setting a new yearly high. This move lower was largely due to a sharp rally in the US Dollar Index (DXY), which was in turn driven by stronger-than-expected Non-Farm Payroll (NFP) data. The NFP report showed that the US economy added a record 254k jobs last month, far exceeding market expectations. As a result of this data, the GBPUSD pair is now exhibiting strong bearish momentum and is facing significant selling pressure. However, I believe that the current market conditions may present a buying opportunity. While the initial entry point may not be ideal, there is a second entry point that offers a safer and more secure opportunity to enter a long position. In my opinion, the GBPUSD pair has the potential to rally back up to the 1.34 level as the DXY is unlikely to maintain its bullish momentum. This assessment is based on both technical and fundamental factors, which do not indicate further upside potential for the US Dollar. I encourage you to consider this analysis and share your thoughts in the comments section below. Here is our previous charts ON GU And Here is our view point on DXY/USD: While last Friday's data may have caused some temporary setbacks, I assure you that the majority of currency pairs are poised for recovery. Your continued support and dedication to your trading endeavors are greatly appreciated. May you all thrive and achieve success in the week ahead. Team Setupsfx_
Long
by Setupsfx_
28
GBPUSD I Swing long opportunity with upcoming fundamentalsWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy