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GBP/USD LMAX

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GBPUSD_LMAX trade ideas

GBPUSD: Channel Down forming a top on the 1D MA50.GBPUSD is neutral on its 1D technical outlook (RSI = 54.465, MACD = -0.003, ADX = 25.916) hitting today its 1D MA50 for the first time after October 9th 2024. By doing so, it reached the top of the 4 month Channel Down and is technically the best level to short. Attention is required as the 1D RSI broke over its 4 month Rectangle, so it may be an early bullish breakout signal, but until we close a candle over the 1D MA50, the trend is bearish and this is the most cost-effective short. The last 0.5 Fibonacci rejection (December 6th) targeted the 1.618 Fibonacci extension. This time we will aim a little higher than that (TP = 1.1950) to match the % decline of the previous bearish waves. 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. ##
Short
by InvestingScope
GBP/USD Technical Analysis- Daily Chart: - Price tapped into resistance at 1.2300 on Monday and broke through. - Bullish potential towards 1.2500 if we break and close above 1.2380. - Bearish scenario if price closes below 1.2232, targeting 1.2150. - H4 Chart: - 1.2300 is turning from resistance to support. - A break below 1.2230 would invalidate bullish outlook, shifting focus to the downside. - Current Focus: - Watching for a break and close above 1.2380 for bullish continuation towards 1.2490. ---
Long
by J_Ngatia
GBPUSDHello Traders! What are your thoughts on GBPUSD? My GBPUSD Technical Analysis Breakdown Current Market Context The British Pound versus US Dollar (GBPUSD) has shown resilience by bouncing from the critical $1.2300 support level. This price action suggests buyers are defending this level, though we remain within a larger bearish channel. Technical Setup - Strong support established at $1.2300 - Key resistance level: $1.2440 (bearish channel resistance) - Current price action: Upward momentum from support - Market structure: Inside bearish channel Trade Scenarios 1. Bullish Scenario - Entry Trigger: Clear break and close above $1.2440 - Profit Target: $1.2610 - Stop Loss: Below $1.2300 - Risk/Reward ratio: Approximately 1:2 2. Bearish Scenario - Entry Trigger: Break below $1.2300 - Profit Target: $1.2210 - Stop Loss: Above $1.2340 - Risk/Reward ratio: Approximately 1:2.2 Today's Trading Plan - Trading Range: $1.2300 - $1.2475 - Recommendation: Wait for clear breakout confirmation - Risk Management: Keep position sizes moderate given current market uncertainty - Key Action Points: Watch for strong price action and volume at key levels before entering Remember: Enter trades only when your chosen scenario shows clear confirmation signals. This reduces the risk of getting caught in false breakouts.
by TraderJaggu
Bearish reversal?GBP/USD has reacted off the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.2477 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. Stop loss: 1.2613 Why we like it: There is an overlap resistance level. Take profit: 1.2367 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
1
GBPUSD Is Very Bearish! Sell! Here is our detailed technical review for GBPUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.247. Considering the today's price action, probabilities will be high to see a movement to 1.240. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
GBPUSD TRADE SETUPPotential Trade Setup on GBPUSD The price has successfully retest a very strong resistance zone, as we can see that the Trend remains bearish and the set Trendline keeps the price on the lower part of the market. The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade. A BUY opportunity is at the top above the weekly Low at 1.2593. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading
Short
by Adefxc
GBPUSD Swing Trade idea 27-31 Jan-2025Hello Traders. Following up on the previous post and as promised. This is my expectation on GBPUSD on a HTF. 1. Swing structure is Bearish *After a Bearish BOS, I can identify premium price for possible short positions targeting the newly created swing low. *Price is already trading above equilibrium level /50% FIB and the identified POI i consider it a valid POI due to IMB/FVG; LQ, CHOCH & above 50% FIB. 2.Internal structure is Bullish *Using 15m-3m i would be waiting for MSS to align with swing structure before taking any trades.
Short
by Ocean98
2
GBP/USD "The Cable" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/USD "The Cable" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉 Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated on the MA level breakout of 1.23400 Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level. Goal 🎯: 1.26000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Fundamental Outlook 📰🗞️ Here are some fundamental factors that could impact the GBP/USD: Valuation Metrics: Price-to-Earnings (P/E) Ratio: The current P/E ratio for the UK is around 15, which is slightly above the historical average. Price-to-Book (P/B) Ratio: The current P/B ratio for the UK is around 1.2, which is slightly above the historical average. Dividend Yield: The current dividend yield for the UK is around 4.5%, which is slightly above the historical average. Economic Indicators: GDP Growth Rate: The UK's GDP growth rate is expected to be around 1.5% for 2023, which is slightly below the historical average. Inflation Rate: The UK's inflation rate is expected to be around 2% for 2023, which is slightly above the historical average. Unemployment Rate: The UK's unemployment rate is expected to be around 3.5% for 2023, which is slightly below the historical average. Monetary Policy: Interest Rates: The Bank of England's (BoE) interest rates are currently at 0.75%, which is slightly above the historical average. Quantitative Easing: The BoE has been engaging in quantitative easing to stimulate the economy, which has helped to keep interest rates low. Fiscal Policy: Government Spending: The UK government's spending is expected to increase by around 2% for 2023, which is slightly above the historical average. Taxation: The UK government's taxation policies are expected to remain relatively stable for 2023, with no major changes expected. Geopolitical Factors: Brexit: The UK's exit from the European Union (EU) is still uncertain, and the outcome of the Brexit negotiations will have a significant impact on the GBP/USD pair. US-UK Trade Relations: The US and UK are expected to negotiate a new trade agreement, which could have a positive impact on the GBP/USD pair. Technical Analysis: Trend: The GBP/USD pair is currently trading in a bearish trend, with a falling 50-day moving average and a bearish MACD crossover. Sentiment Analysis: Bullish Sentiment: 40% Bearish Sentiment: 60% Neutral Sentiment: 0% Market Positioning: Long Positions: 30% Short Positions: 70% Neutral Positions: 0% Event Risk: BoE Interest Rate Decision: March 18, 2023 UK GDP Growth: March 10, 2023 Brexit Negotiations: Ongoing Correlation Analysis: GBP/USD vs. EUR/USD: 0.8 GBP/USD vs. USD/JPY: -0.5 GBP/USD vs. AUD/USD: 0.3 Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader