Bullish SWING projection .(Daily TfGBPUSD Obviously been bullish,. how? zoom out on the daily time frame, see Market structure, making external higher highs and higher lows. I'm looking forward to catching the next swing high this week as we break out of that neckline.Longby icharlesdjPublished 113
GBPUSD Sell ForecastGBPUSD New forecast👨💻👨💻 Note: Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP. Please support this idea with a Like and COMMENT if you find it useful click "follow" on our profile if you will like these type of trading ideas delivered straight to your email in the future. Thanks for your continued support!! lemme know your thoughts in the comment sec...Shortby King_CityStar_FxPublished 114
GBPUSD setup buy...New York session late GBPUSD buy setup.. Apply good risk management as usual 🤝Longby Yahabu_Published 334
How BIRTISH PoUnd will reactInstrument: Time Frame: H4 Chart Observations: 1. Consolidation Movements were find in a downward trend with in strong resistance and support zone 2. Inverse Flag Chart pattern has also observed indicating further downward momentum 3. We will see break down at support zone in a short time because volume is in a high position 4. Fast E.M.A has crossed the slow E.M.A from upside to downward indicating bearish trend Trading Strategy: In this trade Our Risk Reward Ratio will be (1:5) Enter trades as market will arrive on 1.29737 Take Profit1 = 1.29437 Take Profit2 = 1.29137 Take Profit3 = 1.28835 Stop Loss = 1.30000Shortby Fxjames0009Published 113
GBPUSD POSSIBLE BUY SCENARIO!!Price traded and closed at 1.28459 we May continue to see more bearish move until the price 28459 before we get a bullish reversal. Shortby CartelaPublished 229
GBPUSD Daily Bias (18th Oct. 2024)It's been 3 consecutive weeks of the Cable printing bearish volumes and we anticipate the bears are not tired yet, at least not today. Looking at the daily TF, we can see the bears just broke out of last week's consolidation on Wednesday and seem to be doing a pullback to clear internal liquidity from the new range it created following the breakout PA. We've identified Wednesday's high as possible IRL (internal range liquidity) that can sponsor a further move to the downside. We'll keep our arms folded as we await today's delivery. GLGT!!! LloydFx, Trade Monastery.Short12:12by LloydFXPublished 223
Further downside for Cable Due to a strong dollar on the larger timeframes on the DXY. I'm expecting GU to move further down. Currently on the hour timeframe there are signs price is overextended to the downside and maybe due for a pullback into resistance at the Order Block. However, if price creates a new low before retesting resistance at the OB then the trade will be invalidated. There are two trades you can choose from. Please manage your risk carefully. Shortby tuckerx2Updated 221
GBPUSD 2024.10.15 12:16:05 Trading Signal SELL FrankPro Signal for GBPUSD Type: Screen Signal: SELL TP: 1.30541 SL: 1.30853 Entry Price: 1.30801 Flexity Analysis for GBPUSD Forecast Overall(Short-Term, Long-Term): ST=Strong Down LT=Probably Down Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Down ST=Down LT=Down FlexityIndicator Analysis Method(0) **GBP/USD Currency Pair Analysis** **Short-term Analysis (October 15, 2024)** ### Price Movement Expectation The price is expected to go down in the short term, as indicated by the break below 1.3050 and the pressure from sellers. ### Key Levels to Watch | Level | Description | | --- | --- | | 1.3005 | Support area expected to be tested | | 1.2945 | Potential decline area if support is broken | ### Trend Indicators * Moving averages suggest a short-term bullish trend, which could lead to a rebound. ### Probability of Short-term Price Movement | Direction | Probability | | --- | --- | | Down | 60% | | Up | 30% | | Same | 10% | **Long-term Analysis (October 14 — 18, 2024)** ### Price Movement Expectation The forecast indicates an attempt to develop a bearish correction, but ultimately, the price is expected to rise with a target above 1.3575. ### Key Levels to Watch | Level | Description | | --- | --- | | 1.3205 | Resistance area breakout needed to confirm growth | | 1.2865 | Breakout of this area would cancel growth option and indicate decline | ### Probability of Long-term Price Movement | Direction | Probability | | --- | --- | | Up | 55% | | Down | 35% | | Same | 10% | **Note:** These probabilities are based on the provided analysis and are subject to change as new data becomes available. Result: ST=Down LT=Up FlexityIndicator Analysis Method(1) Market Outlook Short-term Outlook (next few days to a week) The price is expected to go down. The technical analysis suggests a potential lower move towards the 100-DMA at 1.2945, and a break below 1.3000 could lead to further support levels at 1.2900 and 1.2789. The forecasted movements also indicate a bearish correction to test the support level near 1.2965. Long-term Outlook (next few months to years) The price is expected to stay the same or go down. The long-term forecasts indicate a mixed outlook for the remainder of 2024, with some predicting a bearish trend. Additionally, there are predictions of a gradual decline through 2027, with some forecasts as low as 1.10 in the next five years. However, it's worth noting that there is also a predicted range between 1.24 and 1.33, which suggests some stability in the long-term outlook. Important Note Please keep in mind that these conclusions are based on the provided analysis and may not reflect the actual market movements. The foreign exchange market is highly volatile and subject to various factors that can influence price movements. Alternatively, I can also format the text using tables and lists if you prefer: Market Outlook Short-term Outlook (next few days to a week) Expected Price Movement Down Support Levels 1.2945 (100-DMA), 1.2900, 1.2789 Forecasted Movements Bearish correction to test support level near 1.2965 Long-term Outlook (next few months to years) Expected Price Movement Stay the same or go down Predicted Range 1.24 - 1.33 Forecasted Decline Gradual decline through 2027, with some forecasts as low as 1.10 in the next five years Important Note Please keep in mind that these conclusions are based on the provided analysis and may not reflect the actual market movements. The foreign exchange market is highly volatile and subject to various factors that can influence price movements. Let me know if you prefer one format over the other Result: ST=Down LT=Down FlexityIndicator Analysis Method(2) GBP/USD Price Movement Assessment Short-term Outlook (Next Few Days to a Week) Expected Price Movement Technical Analysis Down Pressure from 50-day moving average RSI in bearish territory, indicating potential for lower move Prices broken through area between signal lines downwards, indicating seller pressure However, there is also an expectation for the pair to test the support area near 1.3005, followed by a potential upward rebound, suggesting that the downward movement may be limited, and a bounce back is possible. Long-term Outlook (Next Few Months to a Year and Beyond) Expected Price Movement Forecast Down Decline to 1.235 by the end of 2024 Further decline to 1.10 in the next five years Summary The short-term outlook is bearish, but with potential for a limited bounce back, while the long-term outlook is more decisively bearish. Result: ST=Down LT=DownShortby orbborissonPublished 221
GBPUSD - Follow the Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPUSD has been overall bullish, trading inside the rising wedge in orange. Moreover, it is approaching a structure marked in green. 🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the structure and lower orange trendline acting as a non-horizontal support. 📚 As per my trading style: As #GBPUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~RichLongby TheSignalystPublished 6631
update on gbpusd sell taken Gbpusd 15 minute scalp sell . tapped into fvg entered on rejection of fvg . waiting for further confirmaiton once the 15 minute candle closes. sl above high created Tp set at previous break of structure , targeting the buyside imbalance . good potential sell . overall we are bullish on the HTF . always looking for opportunities . sl updated correctly from previous entry above fvg . current price rejected fvg . Shortby clifortsiphoPublished 331
GBPUSD BUY 4 HOUR TIME FRAMESTRONG DEMAND ZONE Price has to feel gap up above failure to make a lower low Expecting a 7:1 Risk Reward Let's see:)Longby sebbyj6Published 111
just a test runjust checking a few things on GBP and also usd and due to the movement of the index so lets see how it would play out Short00:40by jope_praise_Published 111
GBPUSD - In Bullish TrendGBPUSD is currently on weekly resistance, if it breaks its recent Lower High you can take your buy entry in it. Fundamentally GBP is weeker than USD but USD already do its bullish relly that why it will retrace little bit. Moreover, take profit and stop loss already mentioned on chart. Happy Trading :)Longby shayanshah1Published 222
GBPUSD TRADE ANALYSIS (MONGOLIAN) GBPUSD trade analysis (Mongolian) follow up analysis of GBPUSD long trade and deciding what to do next03:13by TraderMichealBPublished 112
Gbpusd sell trade idea Gbpusd is currently in a 1hr bearish move, we have reacted off our 1hr Poi and have given an internal change of character……. I have my sell entry limit set and I’m risking 20pips to catch 80pips this new week Shortby davidpraise203Published 551
GBP USD Entry Setup 30 mins timeframe Now we wait for full confirmation from the level i marked out, if we don't get solid candlesticks confirmation from that level there will be no entry. Stay waiting and stay patient. Longby OfficialUBKFXPublished 111
GBPUSD getting ready to filled Daily ImbalancesGBPUSD sweeps the Sell Side liquidity from the daily timeframe, showing a buying interest on the 1h and 15mins timeframe. Longby NaquansaPublished 220
Looking for the bullish setups from now...Looking for the bullish setups from now... I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Longby Dave-HunterPublished 1111
GBPUSD Liquidity trap?What I see is liquidity sweep and break price 1.3000 rejected to go lower and now pullback to price 1.30000 to give entry on long to test price 1.3050.Longby POUXPublished 2210
GBPUSD - 17 OCT - AnalysisDear trader If you're serious about currency trading, it’s time to make a bold move. I recommend taking a strong position on GBP/USD at 1.30—this is where real opportunities lie. Stop loss? For insecure traders. Take profit? Aim for 500-1000 pips. Good luck. May the algorithms be in your favour.Longby OrgestPublished 224
Second Attempt - News Failure And Follow-Through Tactical PlayFundamentals & Sentiment GBP: - The pair didn't hold lower after the negative CPI this week - Strong Retail Sales today - There's still a miniscule chance that the rate will be unchanged - Biggest carry currency USD: - Shrugged off good US data yesterday Technical & Other - Entered 3m after the Retail Sales release - Failed breakout below 1.3 on D Setup: TR(B) Setup timeframe: 1h Trigger: 5m Medium-term: Down Long-term: Up Min target: Local high Stop loss: 0.18%(max, partial cuts are expected) Position size: 0.5RLongby Cherry94Published 333
Trading with Moving Average CrossoversTrading with Moving Average Crossovers Trading indicators and technical analysis are essential components of the financial markets, utilised by traders and investors to analyse price movements, identify trends, and make informed trading decisions. The moving average is an indicator that is used by many traders. This article will cover the best moving averages for day trading, swing trading, and scalping and discuss the crossover strategies. Understanding Moving Averages A moving average is a fundamental technical analysis tool used in financial markets to analyse price trends and identify potential trading opportunities. It provides a smoothed representation of price data over a specified period, enabling traders and investors to filter out short-term fluctuations and better understand the underlying trend. By plotting the average of past price points, the indicator creates a continuous line on a price chart, making it easier to spot trends and potential reversals. There are several types of MAs used in technical analysis. The choice of MA depends on the trader's preferences, trading strategy, and the market conditions. Let's go through some of the most common types of MAs: - Simple Moving Average (SMA): This is the most common or basic type of moving average. It calculates the average price over a specified number of periods and equally weights each data point. For example, a 10-day SMA calculates the average closing price of the last 10 days and updates it with each new day's data. - Exponential Moving Average (EMA): It gives more weight to recent price data, thus, becoming more responsive to current market conditions. It is calculated using a formula that applies a weighting multiplier. - Weighted Moving Average (WMA): The WMA assigns different weights to different data points, giving more importance to recent prices. The weighting scheme can vary, but commonly, the most recent data points have the highest weights. - Smoothed Moving Average (SMMA): The Smoothed Moving Average is a variation of the EMA, but it considers an extended history of price data. It attempts to provide a smoother curve by applying an additional smoothing factor. Types of Moving Averages Crossover A crossover is one of the key signals traders use when utilising this indicator. A cross occurs when two moving averages with different periods intersect each other. Crosses can be found on any timeframe. Therefore, traders use moving averages even for day trading. - Bullish MA Crossover: This occurs when a shorter-term moving average, such as a 50-hour EMA, crosses above a longer-term one, like a 200-hour EMA. This crossover is considered a bullish signal, indicating a potential upward trend and often signalling a buying opportunity. The TickTrader chart below highlights a bullish run when the 50-hour EMA crosses above the 200-hour EMA. - Bearish MA Crossover: On the other hand, a bearish crossover happens when a shorter-term MA crosses below a longer-term one. For instance, if a 50-hour EMA moves below a 200-hour EMA, it suggests a potential downward trend and may signal a selling opportunity. FXOpen’s TickTrader chart highlights a bearish run as the 50-hour EMA crosses over the 200-hour EMA from above. Confirming the Moving Averages Crossover While MA crossovers can provide valuable insights into potential trends, it is essential to confirm these signals using additional tools: - Volume Analysis: Analysing trading volume alongside moving average crossovers can enhance the reliability of the signals. A substantial increase in volume during a crossover can signify stronger market participation, supporting the validity of the trend reversal. The chart below shows a crossover coupled with rising volumes. - Oscillators and Indicators: Utilising additional technical indicators, such as the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD), can provide supplementary confirmation. Overbought/oversold conditions reflected by oscillators signal potential trend reversals and strengthen the crossover signal. Look at the GBPUSD chart below. A move away by the RSI indicator from the overbought area, coupled with a MA crossover, provided additional confirmation of the trend reversal. Advantages and Limitations of Moving Average Crossovers Let's go through some advantages of MA crossovers: - Simplicity: Moving average crossovers are straightforward to understand and implement. They involve plotting two MAs on a price chart and observing the interactions. - Trend Identification: They help identify the prevailing trend in a market. A bullish crossover, where a shorter-term MA crosses above a longer-term one, signals a potential uptrend, while a bearish crossover, where the shorter-term moving average crosses below the longer-term one, indicates a potential downtrend. - Signal Generation: Crossovers can generate trading signals, telling traders when to enter or exit positions. These signals are based on the assumption that crossovers represent significant shifts in market sentiment. Therefore, moving averages are used for swing trading. - Smoothing Effect: They smooth out price fluctuations, making it easier to identify trend changes amid market noise. - Versatility: Traders can customise the length of MAs to suit their trading strategies and timeframes, allowing them to adapt to various market conditions. Here are the limitations of MA crossovers: - Lagging Indicator: MAs are lagging indicators because they are based on past price data. As a result, crossovers may occur after the start of a new trend, leading to delayed entries and exits. - Whipsawing: In choppy or sideways markets, the indicator may generate frequent crossovers. These false signals can result in losses and frustration for many market participants. - Lack of Precision: Crosses may not be precise enough to capture short-term price movements. They may work better in trending markets but struggle in ranging or volatile conditions. - Insensitivity to Market Conditions: As moving averages are lagging indicators, they may not fully adapt to changing market dynamics or sudden spikes in volatility. - Needed to be adjusted: While moving averages are effective in all markets, they may provide inaccurate signals, particularly during periods of low liquidity or unusual price behaviour. Therefore, they need to be adjusted to fit particular market conditions. Final Thoughts Swing and day trading with moving averages is one of the more popular trading approaches due to its simplicity and effectiveness. However, traders should note that without astute risk management and a proper trading plan, it is difficult to succeed in the financial markets. After developing a strong hand in MAs, you may consider opening an FXOpen account and trading various financial instruments. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.Educationby FXOpenPublished 115
GBPUSD - Bullish for 2 weeks, Expect Downward trend in NovThis analysis is on 4hr timeframe and we are expecting a bounce back at 1.3 level.. I can see head and shoulder pattern, it took 65 candles to make head top and 32 candles to form shoulder head, I am expecting 30 candles to make another shoulder.. We can expect 2 week bullish and after that we can expect a reversal. Longby jahanzaibbukhariPublished 222