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GBPUSD.10.CFD trade ideas

GBPUSD Analysis: Falling Wedge Pattern and Potential 500+ Pips The forex pair GBPUSD is currently trading at 1.247, with a target price set at 1.290, presenting a potential gain of 500+ pips. The market is forming a falling wedge pattern, a bullish technical setup that often signals a potential breakout to the upside. This pattern indicates a gradual narrowing of price movement, with sellers losing momentum and buyers preparing for a reversal. Traders are closely watching for a breakout above the wedge, which would confirm the bullish bias. A breakout could trigger significant upward movement, aligning with the target price. This setup provides an attractive risk-to-reward opportunity for buyers. However, confirmation through price action and volume is essential before entering a trade. Risk management is critical due to forex market volatility. Monitoring momentum indicators can help validate the expected breakout. The next move depends on how the pair reacts at key resistance levels.
Long
by AndrewsMarket-Mastery
Analysis for GBP/USD (4-Hour Chart)The GBP/USD pair is showing significant price movements on the 4-hour chart, providing potential opportunities for both buyers and sellers. Here’s a breakdown of the key levels and insights: Key Observations: Support Zone: The price has recently bounced from a critical support level at 1.2400, indicating strong buying pressure at this zone. This level may act as a base for a potential bullish recovery. Resistance Levels: The first major resistance is observed around 1.2541. A stronger resistance zone lies at 1.2605, which could act as a barrier for further upward momentum. Trend Analysis: The pair is currently in a short-term bearish trend, as seen by the recent downward movement. However, the bounce from the support level and the green indicator showing potential long positions may suggest a possible reversal or retracement. Potential Scenarios: Bullish Case: If the price breaks above 1.2541, we might see further upside toward the next resistance at 1.2605. Bearish Case: Failure to sustain above the support level at 1.2400 could lead to another leg downward, potentially targeting 1.2350. Trading Strategy: Long Positions: Consider entering around the support level (1.2400) with a target of 1.2541 and a stop-loss below 1.2370. Short Positions: Look for opportunities near 1.2541 or 1.2605 if rejection signals appear, with a target back to the support zone. 💬 What’s your take on GBP/USD? Let me know your thoughts in the comments below!
Short
by Tradeaione
Fundamental Market Analysis for Januaryr 6, 2024 GBPUSDGBP/USD is unable to capitalize on the modest gains of Friday's recovery and is fluctuating in a range above the 1.2400 mark at the start of the new week. Spot prices, meanwhile, remain near the lowest level since April 2024 reached last week and appear vulnerable to an extension of the three-month downtrend amid a bullish US Dollar (USD). In fact, the US Dollar Index (DXY), which tracks the USD against a basket of currencies, is holding near a two-year high amid optimism over US President-elect Donald Trump's expansionary policies and the Federal Reserve's (Fed) hawkish outlook. Furthermore, concerns over Trump's sweeping tariffs, as well as geopolitical risks related to the war between Russia and Ukraine and rising tensions in the Middle East, are supporting the safe-haven Dollar and acting as a headwind for GBP/USD. Meanwhile, sentiment around the British Pound (GBP) remains weak amid a series of weak UK data recently and doubts over the newly elected Labor government's fiscal strategy. In addition, the relatively soft stance of the Bank of England (BoE) and the decision to leave interest rates unchanged in December by a split vote may continue to weigh on GBP. This confirms a negative outlook on GBP/USD as traders await the final UK Services PMI to gain fresh momentum. Trading Recommendation: Watch the level of 1.2400, if consolidated below consider Sell positions, if rebounded consider Buy positions.
by Fresh-Forexcast2004
Buy Signal for GBPUSD: Tracing a Positive Momentum Ahead!With the current market dynamics favoring a bullish outlook on GBPUSD, I am positioning for a buy. Considering the entry price of 1.24176, a take profit target set at 1.24467, and a stop loss at 1.23757, we appear to be on the verge of positive movement. The rationale behind this bullish stance stems from the latest economic indicators and the underlying principles established under the EASY Trading AI strategy. Recent data has hinted at an uplift in UK economic performance, signaling stronger growth, which usually provides support for the pound. Coupled with ongoing weakness in the US dollar due to its current monetary policy stance, we are seeing a robust opportunity to capitalize on these shifts. Market sentiment also plays a crucial role here, as increased confidence in risk assets is likely to favor GBP against USD in the near term. The alignment of this sentiment with technical analysis, showing upward momentum, indicates we could prevail reaching our take profit zone smoothly. As always, corroborate these insights with your trading strategy and safeguard your investments. For those interested in automation, remember that our trading bots utilizing the EASY Trading AI strategy can assist in executing these trades effectively. Good luck and trade wisely!
Long
by ForexRobotEasy
GBPUSD analysis week 1🌐Fundamental Analysis UK macroeconomic and consumer credit data earlier in the week came in below expectations, but received little attention. Meanwhile, the US business survey kept investors optimistic, with the ISM manufacturing PMI hitting a nine-month high, albeit below forecasts, suggesting a slowdown in manufacturing inflation and continued job cuts. There is little major economic data coming from the UK next week. The US is closed for a holiday on Thursday, and the first non-farm payrolls (NFP) report of 2025 will be released on Friday. 🕯Technical Analysis GBPUSD has recovered from 1.263 and is heading towards the key resistance level of 1.248. The 1.248 area is a confluence of EMAs, trendlines and an area where the bears have a complete advantage over the buyers. The 1.260 area will be the weekly resistance area on any breakout above 1.248. On the other side, the area accepted by the buyers last week at 1.236 becomes the immediate support area for the pair. The main support area for next week is around 1.222 on a breakout above the temporary support area. 📈📉Trading Signals BUY GBPUSD 1.222-1.220 SL 1.218 SELL GBPUSD 1.248-1.250 SL 1.252
by TVS-Trader
Chart : GBP/USDHarmonic Analysis: The GBP/USD chart shows a potential "AB=CD" or "Gartley Pattern" structure. There are clear harmonic movements forming an upward trend. The green line pointing upward indicates the completion of the D point, where we might expect GBP/USD to rise further after the "CD" leg completes. Opportunities and Risks: Opportunity: If GBP/USD bounces off the lower trendline (support) and completes the CD leg, a new bullish move could follow. Risk: If the price breaks below the D level or the channel, the harmonic structure could fail, leading to further downside. Recommendation: Wait for the completion of the CD leg (around 1.2350 or near the support line). This would provide a good entry point for a potential bullish move as the D point acts as a reversal zone.
Long
by professionalgoldtrader
GBPUSD Sell Setup- Daily: FVG Identification - H4: FVG Identification - H1: Entry Signal 1. Fair Value Gap (FVG): On the H4 chart noted a Fair Value Gap (FVG) between 1.2700 - 1.2715 On the Daily chart also note FVG between 1.2680- 1.2712 2. Trend Confirmation: Price has break consolidation support at 1.2715. Price has rise back to Daily FVG area. Price has touched H$ FVG area. 3. Position: Entry: 1.2685 Stop Loss : 1.2725 Take Profit: 1.2500 (fibo 161.8 & previous low) RRR : 1:4.6 ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Short
by Phoenix-Rise-Trade
3
BECOMING PROFITABLE (PART 1)Hi Guys, I have provided an explanation on how to become profitable by repeating the same process, over and over again. Decide the candle you intend to trade before coming to the charts to frame your trade. Am I trading the daily candle today or the weekly candle this week or a 4H candle That helps to clear out the noise in the market and you dont need to know the bias of the day or week, you just trade what the week presents. Lemme sum it all up here. Step 1: identify the candle you intend to trade. step 2: Identify the PO3 of that particular candle (OHLC or OLHC) Step 3: the high or low must be into a key level and must sweep liquidity step 4: Find a lower time frame entry to correspond to that move you just identified. step 5: Target 1:3RR or more
Education
by Sirtuns
GBPUSD, What will happen in upcoming weeks ?Hello Traders, Happy new year in advance, I Hope you have a great year ahead with your family. let's go for GBPUSD analysis: for upcoming weeks, we'll probably see an upward correction to Specified level at first and then it will start another fall. so with a proper trigger we can open a short position. And finally tell me what do you think ? UP or DOWN ? leave your comment below this post. If this post was helpful to you, please like it and share it with your friend. THANKS.
by aminrzb
GBPUSD - ANALYSISHello, everyone! I hope you're all doing well. Today, I want to share my personal view on the Pound with you.Let me share my outlook on GBPUSD with you. Based on what I’m seeing on the chart, I expect GBPUSD to rise toward the 1.2500 zone. Once it reaches that level, if it shows signs of trend weakness, I anticipate a further drop to the 1.2175 zone. However, if GBPUSD breaks above the 1.2607 level on the 1H timeframe, I expect it to experience a much bigger rally from there! Trade safe
Short
by PouyanTradeFX