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British Pound vs US Dollar

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GBPUSD.P trade ideas

GBP/USD - H1 - Broadening Wedge The GBP/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Broadening Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.2532, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2442 2nd Support – 1.2375 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
5
#013** DCA GBPUSD ShortClosed GBPCAD for a breakeven including 1cent commission to open GBPUSD short. Price moved a bit away from my area of value on the pull back wave, but its ok. I have set the sell limit at the pullback for when price pulls back to my area of value. I have set the TP to somewhere before the swing low of the previous downward move. No SL set as usual. Shall see what happens. I already have bought CAD on CADCHF I can't be buying CAD again but I keep forgetting about such stuff and just focus on the price movement and enter on it. GBPUSD is going downwards also and it also contains GBP just like GBPCAD, so I think this is a good candidate to short. 2034SGT 25112024
Short
by ProfessionalDuckHunter
2
How far the GBPUSD can go??ICMARKETS:GBPUSD The UK has been feeling he inflation pressure for some time but lately it is showing some better results giving the BoE some time to decide a better approach in terms of the Interest Rate move. The UK growth is still low showing a possible recession risk. The US seems to be in a better position with the FED maintaining a tight policy with a constant eye on the inflation level but the Labor market data will dictate if there will be more pressure not on FED but in all related currencies. On the technical side if the 1.200sh resistance levels holds it could be a sign for further downward moves. The 1.2300 Support level maybe will hold this bearish sentiment showed not only for the far distance of the price to the EMA(21) but also for the RSI in the oversold region but expect a pullback(if a short one) in the next days before more bearish moves. But never forget the Fundamental News can change this picture.
Short
by cyberFX2019
GBPUSD SHORT BIASIn the saying of "the trend is your friend", it wouldn't be advisable to go against the downward plummeting of most major pairs right now. The only way you can make money is when you align yourself with the direction of the trend. There's a disturbing Counter Trendline view that is currently giving price movement some headache however, judging with the strength of the fall, there's a huge possibility the trendline doesn't hold. Retracement = Right Entry Patience = Retracement Therefore, Patience = Right Entry That's some logic I did there! Using the 50fib level of the FVG on the 4H, there should be a "Tap out" of the Breaker candle, in order to build maximum momentum for the break of the Counter Trendline, giving us a justified position into the Short trend of the market currently. The dollar ain't done in strength yet!
Short
by Iron-D
4