GPBUSDJust broke the trend line with the clear divergance. making an instant entry point. Shortby Shahzaib0052211
CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!Trade Update: GBP/USD We have some great news on our recent GBP/USD trade! 💲 After analyzing the market conditions and identifying a solid setup, our trade has successfully Hit Take Profit 1 (TP1). This made sure that the majority of our positions have been secured and cashed out some of our gains, allowing us to lock in profits and reduce risk. Following this, we moved our stop loss to breakeven to ensure no loss on the remaining position. This strategy not only protects our capital but also gives us the opportunity to capture further potential gains with zero risk on the table and cashing out on TP2s and TP3s. Stay tuned for more updates and happy trading! 🚀by TTradessss1111
LOOKING FOR SHORTSGBP/USD 1H - You can see from the screenshot that I am looking at trading this market lower, based on the 1D timeframe I have seen that price before the close traded into an area of Supply. I am now wanting to see price breakdown from here as I want to see enough Supply being introduced to give us a full S&D flip. As we know this market has been trading us lower on the higher timeframes for sometime. Yes price is currently trading us in a bullish way but this is just part of the higher timeframe correction and as a result I am expecting price to run out of demand and trade us lower. I have set my SL above the Supply Zone price traded into originally, I have also placed it a little above the last area of Supply that seems to be unmitigated, my TP however is set just above the higher timeframe swing low. Giving us a great RR ratio on this setup.Shortby Lukegforex1111
GBPUSD I Bullish trend continuation Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!Long03:45by BKTradingAcademy119
Supply and Demand Trading Patterns and StrategiesSupply and Demand Trading Patterns and Strategies Understanding the nuances of supply and demand is essential for traders to discern potential market reversals, identify trend continuations, and execute well-informed trading strategies. This article delves into the core patterns and strategies of trading based on these zones, providing a structured approach to identifying potential trading opportunities. What Are Supply and Demand Zones? Supply and demand zones are specific areas on a chart that indicate where the price of an asset has historically made significant moves, either upwards or downwards. These zones are identified by observing patterns where price action has shown a strong reaction—either a sharp increase (demand zone) or a sharp decrease (supply zone). A demand zone is typically found where the market has stopped falling and then shot upwards. This area represents a level where buyers found the price attractive enough to enter the market in large numbers, driving it up. Conversely, a supply zone represents a level at which selling interest overcomes buying pressure, causing the price to fall sharply. This is typically where sellers find the asset overvalued and decide to exit their positions or open new positions to sell. These zones are typically drawn at the ‘bases’ found in the patterns described below, from the consolidation’s low to high. Identifying these zones can provide traders with insights into potential future movements, as prices often retest these levels. When the price returns to a supply or demand zone, it can indicate an opportunity for traders to open new positions in anticipation of a repeat of past market behaviour. The Role of Accumulations and Distributions Accumulation and distribution are critical in understanding how supply and demand zones form and behave in financial markets. These terms describe the actions taken by influential market players—often large institutional investors or "smart money"—as they prepare for a potential price movement. They form a key component of Wyckoff trading. Accumulation occurs when these entities begin to buy or "accumulate" a long position over a period, typically at lower levels. This phase is generally not accompanied by a notable price increase, as the buying is done gradually to avoid significant movements that could attract attention. The end of an accumulation phase is often marked by a reaccumulation, where buying resumes after a brief rally and pullback/consolidation, further establishing a demand zone. Distribution reflects the opposite scenario, where large holders begin to sell their holdings, usually after a rise. This selling does not immediately lead to a drop; it happens subtly to prevent a drastic decrease in price. Following a distribution phase, a redistribution might occur where selling continues after a minor rally or consolidation—this process helps solidify a supply zone. The Four Key Patterns in Supply and Demand Trading Recognising specific patterns in supply and demand zones can significantly assist traders in determining potential market movements. These patterns, derived from price action and the behaviour of market participants, provide visual cues on charts that suggest future trajectories. Here are four key patterns: 1. Rally-Base-Rally (RBR) This pattern is a bullish indicator and occurs as the price leaves an accumulation/demand zone. The sequence starts with a rally, where there is a noticeable upward movement. This is followed by a base, a period where prices consolidate within a relatively narrow range, indicating a balance between buyers and sellers. The pattern completes with another rally, suggesting that demand has overwhelmed supply, pushing prices higher. Recognising the Rally-Base-Rally pattern can signal traders to consider a long position as the market sentiment will likely continue upward. 2. Drop-Base-Drop (DBD) Mirroring the RBR, the Drop-Base-Drop pattern is a bearish formation found after a successful distribution from a supply zone. It begins with a drop, indicating strong selling pressure. The base phase occurs next, where the price moves sideways briefly, showing uncertainty or equal force from buyers and sellers. A subsequent drop follows, demonstrating renewed selling pressure and an overpowering supply. As the price leaves the base, there’s a potential selling opportunity for traders expecting further declines. 3. Rally-Base-Drop (RBD) The Rally-Base-Drop pattern typically signals the formation of a supply zone and is indicative of a bearish reversal. It starts with a rally, where buyers temporarily gain control. However, this rally is short-lived and leads into a base phase—a period of consolidation. The critical phase is the subsequent drop, where sellers dominate, reversing the initial upward trend. This pattern is particularly valuable for traders looking to capture the shift from a bullish to a bearish market. 4. Drop-Base-Rally (DBR) Contrary to RBD, the Drop-Base-Rally pattern indicates a bullish reversal and creates a demand zone. It starts with an initial drop, reflecting strong selling. This phase is followed by a base, where the market finds equilibrium and the selling pressure begins to wane. The final phase is a rally, suggesting that buyers have regained control and are likely to push prices higher. This pattern aids traders in spotting potential entry points for long positions as the market sentiment shifts from bearish to bullish. To try spotting these patterns for yourself, head over to FXOpen’s free TickTrader platform to access real-time charts. How to Trade Supply and Demand Zones Trading supply and demand zones effectively involves understanding their potential role as areas of support (demand) or resistance (supply). In an established trend, these zones are formed from bases—periods of consolidation—that, once the price breaks out and moves in a consistent direction, are likely to act as areas of support or resistance on return. For instance, in a Rally-Base-Rally (RBR) pattern, the base, after the initial rally, is likely to act as a demand zone. If prices revisit this base, it typically serves as a support level, where the price is expected to stop falling and start rising again. Conversely, in patterns like Drop-Base-Rally (DBD), the base also functions as a demand zone. Here, if the price falls back to this zone, it is anticipated to encounter support, leading to a potential bullish move away. Supply and Demand Zones: Trading Strategies Trading strategies based on supply and demand zones are centred around the identification and reaction to key levels that indicate underlying shifts in market sentiment. Traders often focus on how price exits these zones to gauge potential continuation or reversal of trends. Strategy for Rally-Base-Rally (RBR) and Drop-Base-Drop (DBD) This Drop-Base-Drop/Rally-Base-Rally strategy capitalises on the formation of a base after a distinct move that often breaks an established trend, i.e. moving sharply above a lower high in a downtrend or higher low in an uptrend. Traders look to this pattern as it leverages the momentum generated from a strong initial move (rally or drop) followed by a stabilisation period (base) that offers a clear breakout point, indicating a potential trend continuation. Entry Traders typically monitor the price as it rallies or drops, forming a base. A breakout from the consolidation zone is awaited, where the price moves above the high in RBR or below the low in DBD. Entry may be made via a stop order at the breakout point to capture the movement as it happens. Stop Loss It may be placed just outside the opposite side of the base range to protect against false breakouts. Take Profit It may be set at previously identified supply or demand zones where price may potentially react and reverse. Strategy for Rally-Base-Drop (RBD) and Drop-Base-Rally (DBR) This approach focuses on reversal patterns forming in established supply or demand zones, offering insights into potential trend shifts. It utilises the inherent strength of existing supply or demand zones, coupled with a clear reversal pattern, to identify high-probability trades in line with the trend's direction. Entry Traders observe an established supply or demand zone and look inside it for an RBD or DBR pattern formation, respectively. A break of a significant high (in downtrends) or low (in uptrends) within these zones signals the strength of the pattern. Following the break, traders wait for a retracement back to the zone, placing a limit order at the edge of the zone. Stop Loss It may be positioned just beyond the opposite side of the zone to safeguard against the price moving beyond the established boundary of the zone. Take Profit It may be targeted at the next significant supply or demand zone that could oppose the current movement. The Bottom Line Supply and demand zones and their related patterns can offer traders a potential edge across various asset types, including forex, stocks, commodities, and cryptocurrencies*. The strategies described can be a great starting place for anyone looking to explore this trading style. If you’d like to put this theory into practice, consider opening an FXOpen account to access a wide range of assets and our advanced TickTrader platform. FAQs What Is a Supply and Demand Zone in Trading? Supply and demand zones are specific areas on a trading chart where significant buying (demand zones) or selling (supply zones) activity has occurred, causing the price to move dramatically. These zones are used to identify potential areas where the price might either stall or reverse based on past trading activity. What Is the Difference Between Supply & Demand Zones and Support & Resistance Zones? While both supply and demand zones and support and resistance zones identify key levels, supply and demand zones are identified by areas that cause substantial price movements, whereas support and resistance are defined by frequent price reversals at certain price levels. What Are the 4 Stages of the Market Cycle? The four stages of the market cycle include Accumulation, Markup, Distribution, and Markdown. These stages describe the systematic process of price movement in markets, from periods where smart money accumulates positions to phases where these positions are distributed, leading to price declines. *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients. 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 FXOpen229
GBPUSD -SHORTI'm expecting shorts in the GBPUSD pair, after the consolidation the market has retraced back to it and I'm expecting to go short when it reaches my Supply that caused the expansion initially and I have a trendline liquidity that's my confluence to say the least, and the market is bearish on the higher contrary.Shortby Sandile_M116
Market Analysis: GBP/USD DipsMarket Analysis: GBP/USD Dips GBP/USD is attempting a recovery wave from 1.2680. Important Takeaways for GBP/USD Analysis Today The British Pound started a fresh decline from the 1.2800 resistance zone. There is a key bearish trend line forming with resistance near 1.2740 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from the 1.2800 zone after a decent increase, as mentioned in the previous analysis. The British Pound traded below the 1.2740 support to again move into a short-term bearish zone against the US Dollar. The pair even traded below 1.2710 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.2680 level. A low was formed near 1.2680 and the pair is now attempting a short-term recovery wave. There was a fresh upside above the 1.2710 level. The pair climbed above the 23.6% Fib retracement level of the downward move from the 1.2800 swing high to the 1.2680 low. Immediate resistance on the upside is near the 50% Fib retracement level of the downward move from the 1.2800 swing high to the 1.2680 low at 1.2740 and the 50-hour simple moving average. There is also a key bearish trend line forming with resistance near 1.2740. The first major resistance on the GBP/USD chart is near the 1.2770 level. A close above the 1.2770 resistance might spark a decent increase. The next major resistance is near the 1.2800 level. Any more gains could lead the pair toward the 1.2880 resistance in the near term. Initial support sits near 1.2710. The next major support sits at 1.2680, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.2620. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. 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.by FXOpen227
Lingrid | GBPUSD psychological RESISTANCE zone. Short FX:GBPUSD has reached a crucial psychological resistance zone, only to fall back from it. We've seen an impulsive movement from this level, where it's also encountered a significant resistance area. A long-tailed bar followed by a large bearish candle suggests a potential exhaustion of the upward momentum on the daily timeframe. As the market pulls back towards this resistance, I am waiting for potential fake breakout. If the trendline is breached, we may be looking at a classic head and shoulders pattern, which is a classic reversal signal. In this scenario, I expect the price to fake out above the resistance level and then roll back towards the support level and the channel border. My goal is the support level at 1.26050 Traders, if yTraders, if you liked this idea or if you have your own opinion about it, write in the comments. Shortby Lingrid2219
GBPUSD: Bullish Outlook Explained 🇬🇧🇺🇸 I think that GBPUSD has a nice potential to go up this week. I see a confirmed violation of a key daily resistance and a positive, bullish reaction to that after its retest. Next resistance is 1.278 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader557
GBPUSD. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_HobyUpdated 116
GBPUSD: One More Bearish Setup For TodayI noticed another bearish signal on the GBPUSD chart. The price was respecting a rising trend line until it hit a significant horizontal resistance level. This led to a bearish breakout and the support of the flag pattern was breached. As a result, the pair is likely to decline further. The target levels to watch for are 1.2685 and 1.2648.Shortby linofx1114
😵💫GBPUSD: No Clear Bias for me. Multitimeframe updateMost recently, we are "stuck" in this box-range with unclear, messy price action Given the fact I see bearish on HTF and bullish or messy on LTF, it's a contradiction so right now I don't have clear confluence for this market Overall on 15-60min. timeframes, we see recent bullish leg. Accumulation and reaccumulation models are pushing price higher, however price is often choppy and wicky, which makes it hard to trade, at least for me ☝️Do not act based on my analysis, do your own research!! Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions. ⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!by Yelli_tradesUpdated 446
GBPUSD recovered insignificantlyThe GBP/USD pair weakened to 1.2695 during the Asian session The GBP/USD pair fell to 1.2695 during the Asian session on Thursday. The main cause of this decline was the strengthening of the US Dollar (USD) amid higher US interest rates and reduced expectations of an interest rate cut by the Federal Reserve (Fed) in September. In recent weeks, Fed officials have taken a cautious stance on the inflation outlook, leading traders to reduce expectations for an easing cycle this year. Market movements According to the CME FedWatch Tool, markets are pricing in a 50% chance that the Fed will leave interest rates unchanged in September. The combination of the Fed's cautious stance and stronger US economic data has provided support. support for the USD in previous sessions. Economic forecast Investors will get more cues from the second estimate of U.S. Gross Domestic Product (GDP) for the first quarter of 2024, which is expected to grow 1.3%. If the report shows better-than-expected results, this could boost USD further and create a drag on GBP/USD. Additionally, economic data such as US Weekly Initial Jobless Claims, Merchandise Trade Balance and Pending Home Sales will be released later in the day. Statements from Fed officials such as Raphael Bostic, John Williams and Lorie Logan are also expected to have an impact. Support: 1,265- 1,260 Resistance: 1,275 - 1,280by TVS-TraderUpdated 223
GBPUSD is approaching the main trendHey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.26400 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.26400 support and resistance area. Fundamentally the risks of Inflation are fading in the US. Trade safe, Joe.Longby JoeChampion114
GBP/USD Temporary correction, trend to continue to the upsideI see the price correcting to the current hourly uptrend line. I'm interested to see how the price reacts to that level. Price will either continue to the upside or a breakout to the downside. Will price have the strength to break the monthly downtrend line? by Forexity113
GBPUSD ForecastGBPUSD The price is at Demand zone and if the the price rejects that zone it will continue with long(buy)by Jfilafx112
GBP/USD back in the rangeGBPUSD has broken above the 1.26 level following the CPI data from last week which resulted in DXY losses. Expect price to continue up to the 1.28 level. Await short term price action above or below the previous day high/low (PDH/PDL) before entering long orders. Longby TheForexMessiahUpdated 115
SMC CONCEPT / PRICE ACTIONIn this analysis, we are focusing on 2H time frame. Guys I am looking a potential sell today as marked for Asian session, technical analysis expected move. if we found confirmation than we execute our trade. let’s catch this trade with proper risk & money management and enjoy the good profits!Shortby TradeTacticsrealUpdated 113
GBPUSD Short Idea Until The End of the Week Price got rejected from the Fibonacci Golden zone. Waiting to hit the Fib level 1.Shortby TetanForex221
ORDER BLOCK AND FAIR VALUE GAP SMART MONEY CONCEPT**Order Block**: An order block is a specific price area on a financial chart where institutional traders have placed large buy or sell orders. These areas often lead to significant price movements and are used by traders to identify potential zones of support or resistance. Order blocks represent clusters of orders from big players like banks or hedge funds, signaling where major buying or selling interest lies. When price revisits these zones, it often reacts strongly, making them valuable for predicting price reversals or continuations. **Fair Value Gap**: A fair value gap (FVG) is a price range on a chart where there is an imbalance between buyers and sellers, often created during periods of high volatility or news events. This gap typically occurs when the market moves so quickly that trades do not fully fill, leaving a visible gap on the chart. Traders use fair value gaps to anticipate potential price retracements to these levels, as the market tends to revisit and fill these gaps over time, aligning price with its perceived fair value. Both concepts are crucial in technical analysis for identifying key price levels where significant market activity is likely to occur.Education13:57by FrankFx14220
Navigating GBPUSD unveiling the Resistance zone It sounds like you're analyzing the GBP/USD currency pair with specific focus on recent price levels and potential future movements. Here's a breakdown of your analysis and some additional context: Breakout from 1.2743: This suggests that the GBP/USD pair has moved above the 1.2743 level, which you likely consider a significant breakout point. Resistance at 1.27020: This level likely acted as a previous resistance that the price has overcome, confirming the bullish sentiment. Next resistance at 1.27750: After breaking the 1.2743 level, you're identifying 1.27750 as the next key resistance level that traders should watch. Bullish sentiment: The overall tone of your analysis suggests that the market is currently bullish, meaning you expect the price to continue rising. "Dancing to the target": This phrase indicates that the price is moving towards the next target or resistance level, which you have identified as 1.27750.Longby MrCharlie11121
How To Catch Trend Reversals In ForexHey, GBP Pairs have fallen into London open Friday, Pre US CPE Data. That means one thing - Look for opportunities to re-short and catch any new forming downtrend on improved BOE outlook, surpassing the FED. You can also look for long side intraday trading opportunities. Here's a breakdown.Short05:32by WillSebastian226