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GBPUSD.10.CFD trade ideas

GBPUSD - SELL Chances after corrective moveMarket is in Bearish Trend, DXY is Bearish, however, BXY is taking corrective move due which market has taken correction till 0.5 FIB level which is also a strong 4H Resistance level. Currently market is testing TREND LINE resistance and FIB LEVEL and 4H RESISTANCE. if market breaks above 4H resistance it will be my first HH and entry can be taken on HL. most chances are that market will continue bearish trend. Also, BEARISH rectangle pattern is forming. Now, TWO Entry Points for BEARS: Entry 1 @ current market price based on candle stick pattern if gets rejected from resistance level. in this case 1st TP would be neck line. Entry 2 would be break of neckline and projected TP2 is mentioned.
Short
by ProTradeProfessor
2
GBPUSD: Tracking the Downtrend – Key Support Levels and ShortinTrend Analysis The FX:GBPUSD GBP/USD pair remains firmly bearish, with strong selling pressure driving prices lower. The downtrend is reinforced by macroeconomic factors, including the stronger TVC:DXY USD and the UK's fiscal challenges. Trading Strategy Short Setup: Entry: Wait for a pullback to 1.2300 (resistance turned support) or any bounce that shows rejection near resistance levels. Stop Loss: Above 1.2350 to avoid false breakouts. Target: Short-term targets at 1.2100 and 1.2000. Extend to 1.1800 if momentum persists. Downside Scenario:If 1.2100 breaks decisively, consider entering additional short positions targeting 1.2000 or lower. Key Indicators to Monitor US Dollar Strength: Watch for continued TVC:DXY USD strength driven by Fed policy and US economic resilience. UK Data: Monitor upcoming UK macroeconomic releases (e.g., CPI, GDP) that could influence GBP sentiment. Technical Confirmation: Look for sustained breakouts or rejections near identified levels before entering trades.
Short
by Market_Virtuoso
1
GBPUSD Weekly: Retracement or Just Playing Hard to Get?Halamakkkk, I thought I was going to have a nice 2-3 weeks break from looking at the chart! But clearly, the weekly chart is playing with me. The weekly chart really confused me because last week the market closed with a so-called "Inverted Hammer," meaning the seller momentum is still there to push it further downward. But at the same time, the market is also showing that it closed below the Bollinger Band, which means it's oversold! Think, think, think. But but but buuuuttttt, the risk-reward for this to be a BUY is too good to ignore. So, on Monday I’ll set a pending order with Entry point on 1.21700, SL on 1.19411 and TP on 1.26000. The TP might change if it doesn't hit by end of Friday. Entry 1.21700 SL 1.19411 (Weekly fibo 1.414) TP 1.26000 (Weekly REE point) Weekly chart
Long
by Penglipur_Lara
1
SELL TREND in GBPUSD market,Retracement on supply zone....📉 GBPUSD Price Forecast 📉 OANDA:GBPUSD GBPUSD has broken below the support level and is now trading in the selling zone after forming a golden crossover of the 200 EMA and 50 EMA. The pair is currently positioned in a supply zone, signaling a potential bearish move. With volume increasing on selling pressure, the market is set to drop further once a strong bearish candle confirms the move. 🎯 Technical Target Levels: 1.2370, 1.2310, and 1.2130. 📌 Key Highlights: -Support level breakdown confirmed. -Golden crossover indicating bearish sentiment. -Strong selling pressure with rising volume. ✅ Stay ahead of the market! Like, comment, and follow for timely updates and accurate forecasts. Don’t miss the next big move—let’s trade smarter together! 🚀 📢 Profit from precision—join now for expert insights!
Short
by TrendLogic1
Short after retracement to 1.23 - back to 1.18The Pound cant seem to catch a breather and given 10Y Yields have hit 4.86% things are looking more ominous for the UK economy. Option traders have 1.7bn lumped on a PUT at 1.20 and given the government is not going to do anything till the budget in March; confidence is waning rapidly in the markets. The more the government tries to act as if all is normal the more nervy the markets are getting. Job losses are starting to mount higher, sales have been ridiculously weak and now the fiscal stance cant seem to catch a glimmer of hope in the absence of growth; nor can the government seem to find a solution - apart from announcing that the UK is going to be a leader in AI (little realising that it may mount further pressure on the public sector workforce). Given the strong US economy; interest rate cuts both sides of the pond are going to be fairly muted in the near future and this could get ugly for the Pound if Donald Trump announces tarriffs. 1.18 is my conservative optimistic estimate (despite sounding bleak!) Good luck all!
Short
by amirkhan235
1
GBPUSD H4 | Bullish Rise Based on the H4 chart, price could potentially make a bullish bounce off the ascending trendline, with the price currently near our buy entry level at 1.22118, which aligns with a key pullback support zone. Our take profit is set at 1.22978, targeting a significant resistance level, marking a logical exit point for the trade. The stop loss is set at 1.21520, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
Market Insights with Gary Thomson: 13 - 17 JanuaryMarket Insights with Gary Thomson: UK & US Inflation, UK GDP Growth, Corporate Earnings Statements We’re excited to launch our new forward-looking ‘Market Insights’ series! Hosted by FXOpen’s UK COO, Gary Thomson, this series provides a fresh perspective on global markets, highlighting upcoming economic data, geopolitical events, and central bank announcements. In this episode: - How could the US inflation rate influence the US dollar? - What might UK GDP growth and inflation data mean for the struggling British pound? - Which corporate earnings reports could drive the US stock market this week? Don’t miss out—gain insights to stay ahead in your trading journey. 🌐 FXOpen official website: www.fxopen.com CFDs are complex instruments and come with a high risk of losing your money.
by FXOpen
1
GBP/USD Drops to Fresh Multi-Month LowGBP/USD Drops to Fresh Multi-Month Low GBP/USD has fallen to a fresh multi-month low at 1.2237 on news of potential Trump tariffs. 💥 US President-elect Trump Reportedly Considering National Economic Emergency The Federal Reserve is set to publish the minutes of the December meeting. Currently, GBP/USD has broken down from a strong structural zone at 1.2350, where it was positioned for a bullish wave. The news caught the market by surprise, pushing the price aggressively down. Considering the possibility of Trump making this news a reality, we could see GBP/USD moving down further to 1.2237 again, which was also yesterday's low. It could potentially drop even more, up to 1.2160. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
4
GBPUSD WAITING FOR BREAKOUT OFRECESTENSE AND TREND LINE📈 GBP/USD Trading Strategy 📉 Bearish Scenario: 🔻 Entry Point: If GBP/USD breaks below the support level at 1.2200, consider entering a short position. 🎯 Target Level: Aim for 1.2050 as the initial target. Bullish Scenario: 🔺 Entry Point: If GBP/USD breaks above the resistance level at 1.2300, consider entering a long position. 🎯 Target Levels: First Target: 1.2330 Second Target: 1.2440 Third Target: 1.2570 Recommendation: ⏳ Wait for a confirmed breakout above resistance or below support before opening your position to mitigate false signals...
by ExpertTrader041
1