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Gbpusdlong

Fair Value Gap Strategy (FVG): GBPUSD 7.32x Reward TradeCheck out this 7.32RR trade I took today on GBPUSD. OANDA:GBPUSD Trade Process: Daily is bullish with FVG serving as draw on liquidity. 1HR: Took out Sellside liquidity left with BuySide liquidity to take out. 15M: London Session open took out 15M sellside liquidity with high probability of taking out Buyside liquidity. Entry: I used my fib to locate OTE at the FVG which is where i placed my buy limit. Price retraced to pick my order and fly high to take out the buyide liquidity and the daily FVG.
Education
by Elijahenoch7
2
GBP/USD pulls back into key support clusterGBP/USD has pulled back from its highs and looks like it wants to build a base above the May 2022 high. An inverted hammer formed on the daily chart around the 10-day EMA and momentum has turned higher ahead of the European Open. The near-term bias remains bullish above Friday’s low and for an initial move to 1.2800 or around the 1.2850 highs. A break above which brings the 1.29 handle into focus, just below the upper 1-week implied volatility band.
Long
by CityIndex
GBPUSD H1: Bullish outlook seen, further upside above 1.2820Price was range-bound between 1.2700 and 1.2750 but has recently broken out consolidation. Price is now hovering above a key support zone at 1.2720, which nears the 61.8% Fibonacci retracement, on H1 timeframe. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 1.2820, which coincides with the 161.8% Fibonacci extension. Price is above ichimoku cloud, supporting our bullish bias.
Long
by T3-Consultancy
GBPUSD Weekly Outlook: New perspective for the week | Follow-upThe GBPUSD surged to a new annual high of 1.2850 as Bank of England (BoE) policymakers prepare for a potential interest rate hike. Meanwhile, the U.S. Federal Reserve (Fed) decided to hold off on an interest rate increase, indicating that the tightening phase is still ongoing. The Pound Sterling remains optimistic as discussions about a pause in the BoE's rate-hike policy continue. Despite the Fed's neutral interest rate decision, the Pound Sterling continued to strengthen amid concerns about a potential recession in the United States. This positive market sentiment is partly due to the relatively weak performance of the U.S. Dollar Index (DXY). BoE Governor Andrew Bailey is confident that inflation will ease, but it is expected to remain high due to labor shortages and elevated food inflation. Additionally, the Pound Sterling's trajectory will be influenced by the upcoming announcements of the consumer price index and the interest rate decision. Based on the latest economic developments, there is a general consensus that the Bank of England will further raise interest rates to combat stubborn inflation in the United Kingdom. In our video, we conducted a comprehensive analysis of the GBPUSD's bullish and bearish sentiment, focusing on price action-based technical analysis of support and resistance levels within the 4-hour timeframe. We discussed how these levels can help identify potential trading opportunities in the coming week, providing insights and analysis on the GBPUSD chart. It is worth noting that we highlighted a range between 1.28500 and 1.27700, and the market participants' reaction to this zone at the beginning of the week may significantly impact the direction of price action in the upcoming week. Stay connected to this channel and stay tuned for updates in the comment section to stay informed. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
GBPUSD Buy Sell SetupGBPUSD is currently trading at 1.2730, and its support is at 1.2700. According To My Little Knowledge,If the H4 candle touches the support area and closes above it, you can consider buying for a target of 1.2775, which is its resistance area. However, if the support area is broken, you can sell on its retest and take profit around the 1.2600 support area. Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
by ShaaniReal
2
GBPUSD - Bullish TrendAccording to my analysis using the Relative Strength Index (RSI) indicator, there is a divergence present at the moment. A bullish trend would be confirmed once the first LH (Lower high) is broken and the first HL (Higher Low) and HH (Higher high) are formed. As part of my personal trade plan, I intend to enter a long trade with a 1:1 risk/reward ratio. However, it is essential that you conduct your own thorough research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai