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Gbpusdtrend

GBPUSD $GBPUSD | 4H BREAKDOWN OR BREAKOUT? - Apr. 17th, 2024GBPUSD FX:GBPUSD | 4H BREAKDOWN OR BREAKOUT? - Apr. 17th, 2024 BUY/LONG ZONE (GREEN): 1.25350 - 1.26215 Can be extended to: 1.24820 - 1.26215 DO NOT TRADE/DNT ZONE (WHITE): 1.24260 - 1.25350 Can be reduced to: 1.24260 - 1.24820 SELL/SHORT ZONE (RED): 1.23000 - 1.24260 Weekly: Bearish Daily: Bearish 4H: Bearish FX:GBPUSD fell through the bottom of the previous bearish zone so I've decided to create a new chart. The 4H is currently developing a range, bulls should be looking for breakouts above the top levels of either 1.24820 or 1.25350, bears should be looking for breakdowns below the bottom level of 1.24260. TradingView is not allowing me to publish properly with multiple timeframes so I attached a small image of the weekly and daily timeframe views. The image is anchored and cannot be resized but it gives a small visual of what I was looking at. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, gbpusd, gbp, usd, FX:GBPUSD , pound, pounddollar, cable, cablecurrency, forex, gbpusdforex, fx, currencytrading, gbpusdrange, gbpusdtrend, gbpusdidea, gu, gbpusdanalysis, gutrades, gufx, rangetrading, range,
by TonyAiello
GBPUSD - Feb. 19th, 2024GBPUSD - Feb. 19th, 2024 By request. BUY/LONG ZONE (not shown): Starts at 1.26250, adjustable to channel low. DO NOT TRADE/DNT ZONE (not shown): 1.25910 - 1.25250, adjustable to channel levels. SELL/SHORT ZONE (not shown): Starts at 1.25910, adjustable to channel high. Weekly: Bullish Daily: Bearish 4H: Bullish 1H: Bearish Weekly: Bullish, bearish if there's a close below 1.25350. Daily: Bearish, supporting structure & breakdown of zone but respect to level below. 4H: Bullish structure with ascending channel. 1H: Bearish but has respect to channel low. I personally would not trade this at the moment but if I had to I'd go short just because high frame respect to zones and most recent low frame pushes. Keys here are the zone that the daily frame broke and respected and the channel drawn on the 4H. Bulls should want to see the channel respected into a breakout of the zone around 1.26250 - 1.26350. Bears should want a breakdown of the channel lower level or a rejection of the zone bottom at 1.26250 or a breakdown of structural lows at 1.25910. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Short
by TonyAiello
3
GBPUSD $GBPUSD - Mar. 12th, 2024GBPUSD FX:GBPUSD - Mar. 12th, 2024 BUY/LONG ZONE: 1.27970 - 1.29425 DO NOT TRADE/DNT ZONE: 1.27550 - 1.27970 (Extended area would be 1.26950 - 1.27970) SELL/SHORT ZONE: 1.25355 - 1.26950 (Extended area would be 1.25355 - 1.27550) Weekly: Bullish Daily: Bullish 4H: Bearish 1H: Bearish Previous bullish target is shown and for the visual I did extend it on the screen. The expanded DNT and bearish zones are shown for either later or earlier entries, just depends on how the lower timeframe structure develops. Some lower timeframe levels and zones are drawn in a lighter blue for some reference areas on when to enter. There is no indication on the weekly and daily timeframe other than current momentum that the price is going to turn bearish. Dropping down to the 4H timeframe: structure has turned bearish and has broken down through the zone that was used to determine the bullish zone. Dropping down to the 1H timeframe: price has created clear bearish structure and is currently holding, with a retest of the previous low, now the current structural lower high. Bears can enter as soon as 1.27550 or wait for a later entry around 1.26950, both are displayed on the chart. Bulls should wait for structural reversals to develop on the 1H/4H timeframes and/or for price to break back above 1.27970. trend analysis, technical indicators, support and resistance, gbpusd, gbpusdlong, gbpusdshort, gbpusdanalysis, gbpusdtrend, trendtrading, pounddollar, gu, gulong, gushort, forex, fx, FX:GBPUSD
by TonyAiello
Identifying support and resistance levelsIdentifying support and resistance levels is crucial for effective technical analysis when trading GBP/USD or any other financial instrument. Here's how traders can identify support and resistance levels on GBP/USD charts: **1. Historical Price Levels:** - Look for historical price levels where the GBP/USD exchange rate has previously reversed direction or experienced significant price movement. These levels are likely to act as support or resistance in the future. **2. Swing Highs and Lows:** - Identify swing highs and lows on the GBP/USD chart, which represent peaks and troughs in price movements, respectively. Swing highs often act as resistance levels, while swing lows serve as support levels. **3. Round Numbers and Psychological Levels:** - Round numbers, such as whole numbers and half-numbers (e.g., 1.3000, 1.3500), tend to attract attention from traders and may act as psychological support or resistance levels. **4. Pivot Points:** - Pivot points are calculated based on the previous day's high, low, and close prices and are used by many traders to identify potential support and resistance levels for the current trading day. **5. Moving Averages:** - Moving averages, such as the 50-day and 200-day moving averages, can act as dynamic support or resistance levels. Traders often observe how price interacts with these moving averages to gauge the strength of the trend. **6. Trendlines:** - Trendlines drawn on GBP/USD charts can also serve as dynamic support or resistance levels. An upward trendline may act as support, while a downward trendline may act as resistance. **7. Fibonacci Retracement Levels:** - Fibonacci retracement levels, derived from the Fibonacci sequence, are commonly used to identify potential support and resistance levels based on the ratio of key Fibonacci numbers (e.g., 38.2%, 50%, 61.8%). **8. Volume Profile:** - Volume profile analysis involves observing the volume traded at different price levels. High-volume nodes (areas with significant trading volume) often act as support or resistance levels. **9. Consolidation Zones:** - Identify consolidation zones or trading ranges where price has moved sideways for an extended period. The upper and lower boundaries of these zones may act as resistance and support levels, respectively. **10. Price Patterns:** - Certain price patterns, such as double tops, double bottoms, head and shoulders patterns, and triangles, can also help identify potential support and resistance levels. By incorporating these methods into their technical analysis, traders can effectively identify key support and resistance levels on GBP/USD charts, allowing them to make more informed trading decisions and manage risk effectively.
Education
by FrankFx14
GBPUSD analysis Update | Uptrend go on!After breaking the first resistance zone and crossing it, the uptrend moves with the aim of reaching the second resistance zone up to the range of 1.1755. I recommend that you don't make sales trades during this period and do Not trade against the trend. GBPUSD / British pound vs US dollar -------------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Long
by Arash-RK
Will GBP/USD Hit The Resistance or Keep Moving Sideways?It's a GBP/USD chart on the 2hr time frame. Currently, it's moving sideways. But actually, it's moving upwards by following the control price and by taking the support of the support-line. The trend is trying to move upwards towards 1.3539 . For that, it will hit 1.3377 - 1.3457 . If the trend crosses 1.3539 , then GBP/USD will march to reach the resistance. To knock the resistance line, it will touch the following targets 1.3550 - 1.3570 - 1.3580 . But if it breaks the control price, then the targets for the fall will be the following 1.3253 - 1.3240 .
by forextidings
Will GBPUSD surge from this corrective wave?GBP/USD has started falling since September. It's taking potential reversal from descending resistance trendline. Currently, this pair is into the descending triangle pattern. That's a consolidation area. Hence, we may see continue the sideways movement here. Breakdown of descending triangle or hurdle indicating sell confirmation. That means GBPUSD will pushback to 1.2726 & 1.2676 levels. And upper breakout will hard-hit on the current trend. It will fly till the 1.3020 to 1.3160 target prices. The day traders can keep buying/selling between the consolidation area but get ready for the above targets after a breakout of the descending triangle pattern.
by forextidings
4
GBP/USD Trading Signals with the Fibonacci MagicFibonacci Retracement: Swing Low - 1.14098 Swing High - 1.34832 According to Fibonacci retracement, GBP/USD's last stop is a 50.00% retracement level. Currently, it's trading nearby a 23.60% retracement level. The day traders can jump for the 38.20% retracement level but, there's a strong support trendline between the 23.60% to 38.20% range. How to play now? Use the following strategy to walk safely: You can initiate a new short position at 'possible entry point' or use it as a hurdle. Clear your position at a strong support trendline to make a safe trade. It will help you to get a higher probability of success. A strong sell signal will come after a breakdown of the 38.20% retracement level for the target of 1.12446 (50.00%) . GBPUSD is struggling to recapture a positive momentum. Fibonacci retracement may fail here because of the crossover of 50 & 200 MA , and strong support is ahead. That time, go with the flow. Here, flow is a strong support trendline. Accurately, if GBP/USD crossover the 1.3060 , it will fly from there. And that will be for 1.3240 - 1.3400 levels.
by forextidings