Get started

GBP/USD

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPUSD.10.CFD trade ideas

Scenario on GBPUSDWe have created a higher low on the market, which will ultimately mean for me that I will wait to see how the situation develops regarding the marked point. If the price breaks below, it still won't matter because the support is set below which the price would have to fall to start considering a short position. From this perspective, I rather like to return to the creation of a double bottom or some other formation for establishing an SFP because around the price of 1.274 - 1.2867 we don't have selected liquidity and from this price the resistance at the price of 1.3 is very close. This is just my view of the entire situation around this market.
by Sony97
GBPUSD Short time strategy.It is difficult to enter the GBP with a neat waveform like the ones in textbooks, but since I am thinking of using the same strategy for the USD/pairs in general this week, I will post an idea 🙏. The monthly chart shows that the momentum of dollar selling that has continued since April this year is weakening due to the breakout of Monthly chart HL (---purple line M) and the trend line. On the weekly chart, the pound was bought back due to factors such as Thanksgiving, when the US market is not moving and liquidity is low, and the rebalancing at the end of the month (commonly known as the London fix), which I think overlaps with the movement based on the fact that corrections will occur if important support and resistance lines and zones are broken. On the daily chart, return high and the SR zone have been broken out vigorously by the candle leg, but it appears that dead cross MA is suppressing the momentum. on the 4 hour chart, It was actually held down once for 4 hours, and the second attempt was also held down and closed for weekend. Currently, it is moving above the 4-hour MA. Summary. Strategy. 1. Purple curved line. Long. A market pattern where the momentum of buying the GBP from last week remains. The daily chart will see some crrection pushed by dead cross MA on Monday, but it is thought that it will try to rise again from around the 4-hour MA to the purple dotted line. 2. Red curved dotted line. Short. A market pattern where the buying momentum is weak. Short when it breaks through the purple dotted line and returns. Price has Holding down by the weekly zone and daily MA. 3. Gray curved line. If the buying momentum on the daily chart does not stop, wait and see until the next zone, the gray line MSR, or take long position by touching the MA on the lower chart below 4 hours. Happy tradings.
by Nana-73
GBP/USD Weekly Analysis"On Monthly: Like other USD pairs, this one is Bearish too. After a Bearish Engulfing in October, it made a Doji that looks more Bullish than Bearish in the month of November. It seems it got stock between 1.28600 and 1.24800 which is 380 Pips. It stopped at 1.27500. I suspect it will go back up to 1.28600 before heading back down to 1.24800 at last. -- On Weekly: At this time frame we can see the uptrend towards Monthly trend line (RED) as it bounced back off of Daily trendline (Gray). It formed Morning Star and going up to 1.28600. All three EMAs 200, 50 and 20 are squeezed and easy to break one way or another. It seems very risky either Bullish or Bearish trade at this time frame. --On Daily: ""V"" shape reversal has been formed and it seems it's going back up. All three EMAs are Bearish. But it may continue Bullish up 1.28600 as it seems it has made a Head & Shoulders to bounce back down. -- On Hourly: On the contrary of Daily chart, it has made a multi-bottom formation for Bullish move. Let's see how the price will perform at 1.27500 Historical resistant. All three EMA's are Bullish and it's spreading open so far."
by Ha-Lion
GBPUSD - this closed above POC and we have 2 virgin impulse candles' VA that needs to be filled so based on just daily chart, it seems like price can go up to tag that VA and then drop down to POC. that will be my immediate bet. after that I will wait for price to settle down on either side of POC before making any decision. Origin - if we drop down to LTF and look at it, it seems like price is facing some resistance above from an older POC. if price moves up and holds above this nearest POC then I might see price moving all the way up to the HTF impulse VA.
by Osiris992
Trading Plan Build Exercise - Trade off OrderblocksBefore ICT’s Month 6 - Lesson 3 Video → Here is where I’m doing the homework from Lesson 2 (Building an example Trading plan) emagloire.atlassian.net (Page for Homework Sheet) The way Arjo explains there are 5 Foundational Levels within a Trade: Bias Narrative Context Entry Risk Management You work to build through a backward approach where you start from Entry (Risk Management actually lol) and work into what environments/elements/conditions constitute a trade to be executed in your plan This exercise of building an example trading plan is influenced by Arjo’s structure in the above video. How to build a Data Trading Plan PD Array and Time in Focus What PD Array you want to key in What timeframe you want to execute on? Gather Data in Specified Timeframe to understand amount of Trading Opportunities Presented and what was the expected outcomes How many times does the Orderblock form? How many times does the Orderblock hold? Did the Orderblock created a Market Structure Shift? How many times does the Orderblock Fail? Did the Orderblock fail to create a Market Structure Shift? Then based off the data, build your Trading Plan with consideration for what elements made up the winning trades. Starting with a Naked Trading Plan where you consider all entries off the PD Arrays. PD Array in Focus: PD Array: Orderblocks that led to a Market Structure Shift (Break of Structure “Continuation” & Change of Character “Reversal“) Execution Timeframe: 1H Gather Data: Case Study Info Ticker: GBPUSD Time of Study: May 27, 2024 - Jun 16, 2024 How many times does the Orderblock form? 26 times 2 orderblocks have not been traded to 24 useable Orderblocks 5 External Liquidity OBs 19 Internal Liquidity OBs Opportunity Rate: 92.3% How many times does the Orderblock hold? 15 times (Win Rate: 60%) External Liquidity: 4 out of 5 (80% WR) Internal Liquidity: 11 out of 20 (55% WR) How many times does the Orderblock Fail? 9 times (Loss Rate: 40%) External Liquidity: 1 out of 5 (20% LR) Internal Liquidity: 9 out of 20 (45% LR) Risk Management: Stop Loss at opposite extreme of OB or most recent Pullback (second Stop Loss considered when OB is tight) Risk/Reward Summary: 1: +2 RR 2: -1 RR 3: -1RR 4: +2 RR 5: +2 RR 6: +2 RR 7: -1 RR 8: +2 RR 9: -1 RR 10: +2 RR 11: +2 RR 12: +2 RR 13: -1 RR 14: +2 RR 15: -1 RR 16: -1 RR 17: +2 RR 18: +2 RR 19: +2 RR 20: -1 RR 21: +2 RR 22: +2 RR 23: -1 RR 24: +2 RR 25: N/A 21 RR for a month of Orderblock Trading 24 trades of 20 trading days Next Steps: With the same Trading Plan - analyze your Trades and create improved trading plans based off of an aspect that could increase your trading win rate or lower the amount of trades you’re in or total volume of trades?
by EaszzzyE
GBPUSD STRUCTURE Hi guys it has been a while since you heard from me, we will be looking at the GBPUSD chart structure and as you can see from the callouts on the screen you will see that I have highlighted the important points to make it easy for you to read and understand, remember this is a Bias not a trade confirmation so I will keep you guys updated for trade confirmations, keep your mind flexible to react to what prices will do and be flexible enough to change your biases as prices changes, do well to like share and follow.
Long
by Dr_Trade1
GBPUSD Sell position SETUP (ACTIVE)We have a SMT model. Whereby price targets buyside liquidity as external range liquidity (PRO trend bearish) and distribute PRO trend. That is our 1st expectation as we enter this trade. Our second one is that IF price break above, we identify our trend as internal bullish as price range would have failed to manipulate enough buy orders to distribute price further downside and we look for the demand that broke structure as our next trading zone Price took our high of week as buyside liquidity PRO TREND BEARISH. As we entered on the BEARISH ORDERBLOCK, our target is the low of week as our next external range liquidity raid. Courtesy of myself and I.
Short
by ZIPHO67