Long idea on gbpusdFrom marker structure has shift from bearish to bullish, now the market is chasing the harmonic resistance
GBPUSD trade ideas
GBPUSD SWING BUY SETUP!!“The goal of a successful trader is to make the best trades. Money is secondary.” — Alexander Elder
Streling is Rising#trading_idea #GBPUSD 💡
💸Sterling - Whatch the Resistance
On the 4H chart, The price has broken the 1.275 level, suggesting a potential move upward toward the Bollinger Bands' upper boundary. The pair is trading above the 100 MA, and the MACD indicates the possibility of continued growth.
🔼A breakout above 1.28 could lead to a move towards the 1.2848 area.
🔽While failure to break this level might cause a pullback to support at 1.275 and lower.
😎 Hit "👎" if you believe the price will rise and "👍" if you think it will slide.
➡️➡️ TRY SABIOTRADE NOW
GBP/USD UPDATESin our previous analysis we were long GBP/USD after friday usd report was mixed now GBP/USD is continue in it's direct,from 1hour there is a market structure were there is change of character happen so we are waiting for a pullback to happen and start looking for longs.trade safe
A sell before a buy Gbp become stronger this week as the government report came in and used became weaker. After the support gbpusd will go for buys
GBPUSDAnalysis:
Support Zone (Buy Area):
The green highlighted zone between 1.2700 and 1.2720 appears to be a strong support area. Price action indicates multiple retests of this level, suggesting potential buying interest.
RSI levels on lower timeframes (e.g., 15m, 30m) are approaching oversold conditions, signaling a potential bounce from this support.
Resistance Levels:
Psychological resistance is set around 1.2800, where sellers could emerge.
If momentum continues, the next major resistance is at 1.2900, as highlighted.
EMA Alignment:
The 50 EMA is trending above the price on the 15m and 30m charts, indicating short-term bearish momentum. However, price action nearing the green zone indicates possible consolidation or a reversal.
MACD and RSI:
MACD shows bearish momentum but is flattening out, hinting at potential divergence or a slowdown in selling.
RSI is moving closer to oversold levels, supporting a possible buy setup on pullbacks.
Recommendations:
Buy Setup:
Entry: Buy between 1.2700 and 1.2720.
Stop-Loss: Below 1.2680, as this invalidates the support zone and suggests further downside.
Take Profit:
Target 1: 1.2800 (Psychological resistance).
Target 2: 1.2900 (Next major resistance level).
Read The GBPUSD MarketLet's Looking at GBPUSD Price Actions and Predict the Next Moves and Maybe Finding Some Trade Opportunities, Good Luck With Your Trades <3
Fundamental Market Analysis for December 09, 2024 GBPUSDThe GBP/USD pair commenced the new week in a subdued manner, fluctuating within a narrow trading range below the mid-1.27000s during the Asian session. Spot prices remain well below the three-week highs reached on Friday, with the 1.28000 mark still out of reach. However, the fundamental backdrop suggests that caution is warranted for those with a bullish outlook.
The US Non-Farm Payrolls (NFP) report, released on Friday, indicated that the unemployment rate increased in November and confirmed expectations that the Federal Reserve (Fed) would reduce borrowing costs in December. However, the initial market reaction proved to be short-lived, with investors betting that the US central bank would either slow the pace or halt the rate-cutting cycle in January. This in turn enabled the US dollar (USD) to maintain a position above its lowest level in almost a month, which exerted a negative influence on the GBP/USD ratio.
Furthermore, the ongoing geopolitical tensions, China's economic challenges and concerns over US President-elect Donald Trump's upcoming trade tariffs are additional factors supporting the US dollar as a safe haven. The British pound has encountered resistance from investors in the face of a dovish outlook from Bank of England Governor Andrew Bailey, who anticipates four interest rate cuts in 2025. This further constrained the GBP/USD exchange rate as market participants await the release of US consumer inflation data, which is expected to provide a boost to the currency.
The much-anticipated US Consumer Price Index (CPI) report, scheduled for release on Wednesday, is expected to provide further insights into the trajectory of the Fed rate cut and inform policymakers' decisions at the upcoming December meeting. This will play a pivotal role in driving demand for the US dollar in the near term and influencing the next phase of the GBP/USD pair's directional movement. Additionally, the speech by Bank of England Deputy Governor David Ramsden on Monday may impact the GBP price dynamics, presenting short-term opportunities for traders.
Trading recommendation: We follow the level of 1.27000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
Short - GBPUSDJust an idea at this stage. Will be looking for an entry on Monday if price rejects 1.275.
CPI next week, bond yields falling, DXY holding 106, XAUUSD trading sideways, so still a lot of uncertainty that needs to break before I’m confident.
Anyone else seeing this as a potential trade?
Weekly Analysis - GBP/USD"On Monthly:
Like other USD pairs, this one is Bearish too. After a Bearish Engulfing in October, it made a Doji that looks more Bullish than Bearish in the month of November.
It seems it got stock between 1.28600 and 1.24800 which is 380 Pips.
It stopped at 1.27500. I t made a Doji this month so far. let's see what lower time frame shows.
-- On Weekly:
Past two weeks made Bullish move including the Doji candle of last week. However, it made a Hidden Bullish Divergence in RSI which is the sign of Bullish Continuation.
--On Daily:
this time frame is contridicting with Weekly time frame. It made a Head & Shoulders formation for Bearish move versus Weekly Bullish Divergence.
-- On Hourly:
On the contrary of Daily chart, it has made a multi-bottom formation for Bullish move.
Let's see how the price will perform at 1.27500 Historical resistant.
All three EMA's are Bullish and it's spreading open so far.
"
GBPUSD this week will be BEARISH GBPUSD i am wishing this week to be SELL till the support price 1.25287.
GBP/USD AnalysisFX:GBPUSD
Comprehensive analysis of the GBP/USD pair.
On the 1h TF you can see that the market is turning and we are starting an UP trend. We are now in the area of support, fibbo level and EMA.
GBPUSD short term bearishexpecting a short term correction on GBPUSD. Once completed, we will see a bullish breakout from the expanding triangle pattern.Which will also be a correction to retest the previous trendline breakout, before the formation of the pattern.
GBPUSD short ideaClosing below CRL is crucial for this to play out.
Goal is to position yourself above opening from 3rd candle.
GBPUSD WILL FALL DOWNGBPUSD can fall down we found that buying trend has been over and the candle is exhausted now it's coming in selll we try to sell in gbp Market our target Will be at least 200 to 300 pips don't forget to tradeat your own risk
Simple Entry Model----SMCThe figure shows a Simple Entry Model
When the market forms a structure like this, it can take a buy or sell risk
Sell Setup GBPUSDTime Frame:
- Daily: FVG Identification
- H4: FVG Identification
- H4 Entry Signal
1. Trend Confirmation:
Identified a Break of Structure by the break of the previous resistance at 1.2830 area, indicating a continuation in market sentiment.
The break of up trendline will add extra confirmation for bearish continuation.
2. Fair Value Gap (FVG):
On the Daily & H4 chart noted a Fair Value Gap (FVG) between 1.2768 - 1.2857
3. Position:
Entry : 1.2730
Stop Loss : 1.2861
Take Profit: 1.2150
RRR : 1:4,7x
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Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
GPBUSD GET READY FOR A DROP(6.8%)Our analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will fall to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
Please support our analysis with a like or comment!
Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Best Lot Size for Scalping Forex For Any Account Size
In this article, I will teach you how to calculate the best fixed lot size for Scalping Forex for any account size in 3 simple steps.
1. Build Up a Trading Watch List
In order to accurately calculate a proper lot size for scalping Forex, you need to know the exact Forex pairs that you trade.
You should create a list of trading currency pairs.
For the sake of the example, imagine that you trade only 4 major USD pairs:
EURUSD, GBPUSD, USDJPY, USDCAD
2. Do Backtesting
Backtest every forex pair in your watch list and find at least 5 trading setups on each pair based on the rules of your trading strategy.
Also, remember that the more setups you will find, the more accurately you will calculate the best lot size for your scalping strategy.
Here are 5 trading setups on EURUSD that meet my entry criteria.
After that, you should calculate a pips value of a stop loss of each trade.
Below, you can see 5 trading setups on GBPUSD pair.
And here are the stop losses of each trade in pips.
Now, USDCAD pair. Again, here are 5 trading setups, meeting the entry rules.
You can see the stop loss of each trade in pips below.
And finally, 5 setups on USDJPY pair.
And here are the stop losses of these trades.
Among these 20 trading setups, you should find the trade with the biggest stop loss.
The biggest stop loss is 15 pips on USDJPY pair.
3. Measure a Lot Size
Open Forex position size calculator.
You can take any free position size calculator that is available.
Fill all the fields.
In currency pair input, the forex pair with the biggest stop loss - USDJPY in our example.
Account currency - your account currency, let's take USD.
Account size - your account size, let's take 10000$.
Risk ratio - that will be the risk % of your trading account per trade, input 1.5%.
Stop Loss - input a pip value of the biggest stop loss that you found - 15 pips.
And click calculate.
That will be the best lot size for scalping Forex with your trading strategy.
The idea is that our maximum loss will not exceed 1.5% of the trading account balance.
While the average risk per trade will be around 1%.
Before you start scalping Forex on a real account, it is very important to know how to properly calculate your risks. Trading with the fixed lot, this technique will help you to calculate the best lot size for your trades.
❤️Please, support my work with like, thank you!❤️
GBP/USD Eyes More Upside Above 1M PPHello,
FX:GBPUSD is poised for further growth once it secures a stable position above the monthly pivot point (1M PP). More upside potential is on the horizon!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
