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Gbpusdtradesetup

Headwinds Amid Strong US Dollar, Lower BoE Rate Hike ExpectationThe GBP/USD pair has experienced an upward bias, reaching a yearly high of 1.3160 and then pulling back to 1.2815, finding support at the 61.80% Fibonacci level at 1.2851. However, the price action formed a spinning-top candle followed by a bearish candle, indicating potential weakness. The immediate resistance level is around 1.2906, marked by the recent high after the pullback. On the downside, the 78.6% Fibonacci retracement level at 1.2773 serves as a potential support zone. By entering the trade at approximately 1.2851 and targeting the support level around 1.2773, we aim for a profit of about 78 pips, while our stop loss at 1.2906 limits potential losses if the trade goes against us. TRADE IDEA DETAILS CURRENCY PAIR: GBP/USD CURRENT TREND: Upward Biased TRADE SIGNAL: SELL 👉ENTRY PRICE: Approximately 1.2851 ✅TAKE PROFIT: Around 1.2773 ❌STOP LOSS: Near 1.2906 Based on the technical analysis and the current upward bias in the GBP/USD, we plan to execute a SELL trade. The entry price is set at approximately 1.2851, just below the support level. If the trade goes as planned, the take profit level is set at around 1.2773, near the 78.6% Fibonacci retracement level, where the pair might find additional support.
Short
by RichDadph-FX
GBPUSD OpportunitiesSo we have a rather tall Asian range ...not particularly excited or expecting a solid break and reversal early london, might not happen until NY even. But then the levels I'm interested in above and below are the lines. Wait for break out of the range and then a reversal (M or W) at the level and then decide/find entries and execute. Big picture this is just sitting right at the middle so can be 2618 of the big M for a nice downward move Could easily be more upside movement following trend set last Friday (plus 3 strong bullish h4 candles ...more could follow) Happy trading!
by kenoyer
GBPUSD - Full Analysis Breakdown. Welcome traders to a free analysis breakdown. Today I am highlighting possible trade ares on GBPUSD, if you any questions on the pair let me know in the comment section below. As we can all see the pair has provided some great moves this week and I have highlighted some areas in the chart that you can all look at and find value in. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
by AlphaTrading-Group
GBPUSD - Potential intraday sell trade setup GBPUSD started its selloff on Fridays session as USD strength hit the market on better then expected Non-Farm payroll data. On today's market open, being Monday the liquidity is usually thinner so we have seen price retrace a little higher which could possibly set up a better entry for a potential continuation move lower on GBPUSD. On the 15 Minute chart, we have marked out a tight selling zone in price that we want to keep an eye on for if price can make its way up there today we could possibly see a rejection lower. The first level is the 1.3097 mark. This level is a liquidity gap origin where price started its spike move lower. Most of the volume came from this point so this area could cause price to trade lower. This level can also be seen on the 1 Hour chart from the top of the body of the candle. The level above that is the 1.3100 big figure which can always be a potential psychological level for additional order flow resting there. Lastly the highest level is the 5 Minute chart liquidity gap origin set at the 1.3106 level. All of these levels are very close to each other so we will be watching the entire zone for a possible rejection in price, if price does reach this zone we want to see on a minimum 5 Minute chart any potential bearish price patterns complete which can increase the probability. If price breaks through these levels for any reason this trade is void and no action will take place. We need price to stop here and show weakness.
Short
by DavidVillagra
1
GBP/USD Sell Opportunity, Breaking Below 1.2940 Price Zone. Bank Of England Holds its policy unchanged. But negative rates still on the card. Hard Brexit almost confirms. GBP/USD went up mostly for the USD's weakness. Fundamentally GBP is not in a good position as well as. Technically GBP/USD breaks above the trend line, but still closed below the strong resistance. To the upside, if we see GBP/USD breaks above the 1.3215 price zone, the market may test the next resistance level 1.3415 price zone. To the downside, if we see the market closed below 1.2940, we must sell and our target should be nearly 1.2510 price zone. GBP/USD SELL STOP @ 1.2940 SL: 1.3215 TP: 1.2510
Short
by UnknownUnicorn487550
1
GBPUSD Technical Analysis: Downside Pressure Support at 1.2865 GBP/USD is trading below the 50, 100, and 200 Simple Moving Averages on the four-hour chart and Momentum remains to the downside. Moreover, the Relative Strength Index recaptured the 30 levels, exiting oversold conditions. The graphs show a clear bias to the downside Initial support awaits at 1.2865, the fresh two-month low. Further down, 1.2830 was a support line in early February. It is followed by 1.2775 that was the low point that month. 1.2675 is next. Resistance awaits at 1.2920 that held cable down earlier in the day. 1.2960 was the low point in March and a swing high earlier this week. 1.3020 held the pair down beforehand. GBP/USD Sell Area 1.2950/60 level Take profit Area 1.2850 level . Other side of GBP/USD Breakout and stable 1.2980 level then next target 1.3050 and 1.3100 level. GBPUSD touch 1.3100 level Must be Sell GBPUSD because H4 200 ma Moving Average 1.3100 level . Daily SMA100 1.2964 Daily SMA200 1.2963 Previous Weekly High 1.312 Previous Weekly Low 1.2978 Previous Monthly High 1.3384 Previous Monthly Low 1.296 Daily Fibonacci 38.2% 1.2885 Daily Fibonacci 61.8% 1.2897
Short
by Saleh11