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GBPUSD.10.CFD trade ideas

GBPUSD H4 | Bullish Bounce off?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2613, which is an overlap support that aligns with the 50% Fibo retracement. Our take profit will be at 1.2836, a pullback resistance that aligns with 61.8% Fibo retracement and 78.6% Fibo projection The stop loss will be placed at 1.2488, which is a swing low support level. 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.
Long
by FXCM
GBP/USD - Resistance On GBP/USD , it's nice to see a strong sell-off from the price of 1.27930 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Strong rejection of higher prices and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
GBPUSD - Delicately Poised For Its Next Move GBPUSD has experienced some big moves over previous weeks, which have seen it trade from a September 20th high of 1.3433 to a low of 1.2487 on November 22nd. Recently, GBP has been negatively impacted by a slowdown in economic growth in the third quarter, a disappointing Autumn budget and a clear-out of weak long positioning. This has all been at the same time the dollar has strengthened in response to a clean sweep of the Presidency and Congress for Donald Trump and the Republicans, US economic data has been strong and Fed policymakers have cast some doubt on whether another rate cut is required before the end of 2024. However, Is the dynamic changing? This week GBPUSD has shrugged off early falls to 1.2617 as the dollar strengthened on Monday. Then yesterday, a dip down to 1.2630 on headlines reported in the Financial Times that Bank of England Governor Bailey sees a base case of four 25bps (0.25%) rate cuts in 2025, was again met with fresh buying, this time helped by a weaker than expected US ISM Services PMI print in the afternoon. So, Is this just a limited recovery or can GBPUSD strengthen further from current levels? From a fundamental basis GBPUSD's next move feels delicately poised now going into tomorrows Non-farm Payrolls release at 1330 GMT. The outcome of this release could help to confirm or undermine the current expectation of another Fed rate cut at their final meeting of 2024 on December 18th. Now Let’s Consider What the Pepperstone Charts Show Us. Recent activity has seen something of a divergence between GBP and USD, in terms of price activity and a fall of just over 7% materialised from the 1.3433 September 20th high. From a pure technical perspective, it could be argued this saw GBP hit oversold conditions on several measures, while USD may have been classed as overbought. However, these extremes can remain for some time, because trending and sentiment conditions continue to point to extension of recent trends. In other words, traders are happy to maintain current positioning, until there is clear evidence of a directional change. Since the November 22nd lows in GBPUSD (1.2487), a recovery has materialised and the question now is, does this mark just a limited bounce as a reaction to over-extended downside conditions, or can it see the possibility of a further rally? Watching Bollinger Mid-Average As we have suggested within previous posts, the Bollinger mid-average is potentially a focus of resistance if it’s falling within a downtrend, similar to that recently seen within GBPUSD. So far this week, upside has been held at each daily close by the declining Bollinger mid-average, suggesting this may be viewed as a resistance focus. This currently stands at 1.2682 and closing defence of this level is closely watched today, given that current GBPUSD prices have already moved someway above this point. However, with the significance of the payrolls release tomorrow, we may have to wait until the dust has settled on that number before establishing the next directional risks for GBPUSD. Although, 1.2682 giving way on a closing basis, may result in further price increases, dependant on future price action. If this is seen, it may bring possibilities of a more extended retracement of the September/November decline. The 38.2% retracement stands at 1.2850 and higher 50% level at 1.2961. If an unwinding of current GBPUSD extremes develops further, these levels may prove to be important areas of resistance. Of course, while closes above mid-average resistance may have in the past seen a more extended recovery in various assets, this is no guarantee of such moves here. How About Possible Supports? To the downside, it is Fibonacci retracements that may be of interest as support, if the 1.2682 daily Bollinger mid-average continues to cap GBPUSD prices on a closing basis. The 38% retracement of latest recovery moves stands at 1.2649 and while this first support break, if seen, will not be a guaranteed trigger for weakness, it may see further price declines, possibly onto 1.2589, the deeper 62% retracement level, even towards 1.2490 November 22nd low. Clearly, no closing breaks of support or resistance have materialised yet and these are watched, and future price trends will dictate future activity, but confirmed breaks of either current support or resistance, may determine if GBPUSD can recover further, or resume negative themes. 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by Pepperstone
GBP/USD -15 mins BuyOverview of Trade Setup: This trading setup indicates a buy position on GBP/USD, likely targeting a rebound or continuation of bullish momentum from a well-defined support zone. The chart features several critical technical elements that justify this position. Key Observations: 1. Chart Patterns: Falling Wedge Formation: The falling wedge pattern preceding the entry suggests a bullish breakout opportunity. Falling wedges are reversal patterns that often indicate a potential upward price movement. Double Bottom Formation: The "Bottom 1" and "Bottom 2" zones add further confluence, suggesting the price has found strong support and is primed for reversal. 2. Support Zone Validation: The buy position aligns with a strong demand zone highlighted by price action repeatedly bouncing off this level. The confluence of multiple support indicators strengthens the likelihood of price moving upward. 3. Indicators and Confluence: Moving Averages: The chart shows interaction with key moving averages, likely acting as dynamic support. Equilibrium Zone (EQ): Price consolidating near EQ before breaking lower suggests that this level will act as a springboard for bullish momentum. Fib Levels: If Fibonacci levels were used, this trade likely capitalized on a retracement to key levels like 0.618 or 0.786.
Long
by tamrobert20
GBPUSD: Channel Up attempting a 4H MA200 cross.GBPUSD is neutral on its 1D technical outlook (RSI = 49.376, MACD = -0.004, ADX = 36.982) as despite having started a Channel up since the November 22nd bottom, this is after a long term bearish trend that only now will determine if it will switch to bullish or not. Today was in fact the 2nd rejection on the 4H MA200 but at the same time, the 4H MA50 is supporting. This range makes the 4H timeframe neutral as well. If the MA50 continues to hold and the 4H MA200 is crossed with a full candle close, then we will take a short term long, aiming under the 2.382 Fibonacci extension (TP = 1.29000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
GBPUSD Analysis On H1 T.FTrend Reversal Confirmed: GBPUSD Prepares for Uptrend Rally The downtrend has officially reversed, paving the way for a significant bullish rally. A key rectangle on the chart, marked as a support and resistance zone, has played a pivotal role in this trend reversal. This analysis combines Smart Money Concept and Price Action principles, highlighting the rectangle's dual function as both support and Point of Interest (POI). The trend has reversed upwards from this zone, setting the stage for a potential uptrend. Trading Plan: Stop Loss: 1.25926 (below the rectangle) Take Profits: 1. 1.26851 2. 1.27137 3. 1.27486
Long
by Olivia-Grace
3
GBPUSD to find bears at current market price?GBPUSD - 24h expiry The primary trend remains bearish. The rally is close to a correction count on the intraday chart. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.2735. We look to Sell at 1.2735 (stop at 1.2765) Our profit targets will be 1.2645 and 1.2620 Resistance: 1.2750 / 1.2780 / 1.2800 Support: 1.2660 / 1.2630 / 1.2600 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
GBP/USD Analysis by DreamsFX HubTechnical Analysis: The current price action around $1.2735 is critical. Traders are watching this level closely; a break above could signal a move towards $1.2865, indicating a continuation of the bullish momentum. This level acts as a pivot, and its breach could attract more buying interest, reinforcing the upward trend in the short term. Market Sentiment: The general market sentiment leans towards cautious optimism for GBP buyers, especially as the price approaches key support levels. The expectation here is that if the price holds above these supports, such as the 200-day EMA, there could be a significant bounce, pushing GBP/USD towards higher targets. This sentiment is underpinned by technical indicators like RSI and MACD, which might suggest an oversold condition ready for a bullish reversal. Fundamental Insights: Recent comments from the Bank of England regarding potential rate cuts have introduced a layer of complexity to GBP's outlook. However, if these rate cuts are perceived as a measure to control inflation without severely impacting economic growth, it could actually support GBP in the medium term by preventing overheating and fostering sustainable growth. This scenario might encourage buying as traders look for value in GBP amidst a more balanced economic policy outlook. Conclusion for Buyers: For those looking to buy GBP/USD, the current environment suggests patience while waiting for confirmation above $1.2735. If this level breaks, the buying case strengthens, aiming for targets like $1.2865. The combination of technical support and a nuanced view on the BoE's policy direction could provide a foundation for a buying strategy, focusing on entries at or slightly above this key level with stops placed below significant supports to manage risk.
Long
by DreamsForx