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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD may rise from the Bullish Order BlockGBPUSD May Rise from the Bullish Order Block Bullish Order Block: 1.25710 - 1.25671 Resistance Zone: 1.26130 - 1.26082 GBPUSD is showing potential for an upward move from the identified Bullish Order Block between 1.25710 and 1.25671. The price is currently consolidating between a support trendline and a resistance zone, indicating indecision in the market. If the price breaks above the resistance zone at 1.26130, we should wait for a retest to confirm the breakout and consider taking a long entry around that level. Alternatively, if the price retraces to touch the bullish order block, it represents an excellent opportunity for a long position, as this area has a high probability of triggering a reversal. The combination of Smart Money Concepts (SMC) and technical patterns such as consolidation and breakout setups makes this trade idea robust. FIBONACCI RETRACEMENT also given the confirmation from its major support level between 0.5 and 0.618. the order block is perfectly at the retracement level. Let’s observe how the price reacts at these key levels. Proper risk management is crucial to ensure long-term success. Patience and discipline will be the keys to capitalizing on this opportunity! GBPUSD / LONG / M15 LOT :- 0.3 Entry Price :- 1.25708 Take Profit :- 1.25927 Stop Loss :- 1.25489
Long
by PraveenTrader1
GBPUSD: Your Trading Plan For Today GBPUSD is currently testing an important level of support on a short-term chart. To consider shorting the pair, look for an ascending triangle pattern on a 4-hour timeframe. A confirmation signal would be a breakout above the horizontal neckline, specifically a 4-hour candle closing above 1.2616. If this occurs, consider aggressively shorting the market or waiting for a retest before entering a short position with a target of 1.2700. On the other hand, a bearish violation of the horizontal support level would indicate a strong continuation of the bearish trend.
by linofx1
AFTER THE FLOW: GBPUSD [+1]Trades Summary: Total Trades: 3 (2 short, 1 long) Success Rate: 100% (all trades were profitable) Largest Profit: $975.78 Net Profit: $1,120.16 Trade Details: GBPUSD: Modest profit of $48.00 from a long position. AUDNZD: Net gain of $119.76 on a short position. CADJPY: A significant profit of $994.67, showcasing the strength of this setup. Risk and Drawdown: Drawdown: None recorded (0%). Sharpe Ratio: 0.87 (indicating good risk-adjusted returns). Execution: All trades were closed with profits, and the largest profit came from CADJPY.
by moneymagnateash
CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 1.26150 to 1.26070, respectively, is highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 1.26150 and 1.26070 serving as a low-risk buy. Bearish Targets📉: 1.25950: Possible retracement area. 1.25880: Possible retracement area. 1.25750: Possible retracement area. 1.25550: Possible retracement area. 1.25700: Significant demand zone. 1.25350: Significant supply zone. 1.25250: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Short
by T4X_Trading
GBPUSD SHORT TO $1.24300 (UPDATE)Once again overnight (Asia session) GU shot back up again towards our Wave 5 entry zone, rejected it again & is running 70 PIPS in profit so far. Me & my Gold Vault Academy students understand that Wave 5 being the FINAL IMPULSE WAVE, means that wave will move slowly & trap in a lot of early buyers before it reaches its target. As an Elliott Wave trader, you need to learn to be generous with your SL as we are long term traders trading the higher TF’s, not scalpers👌
Short
by BA_Investments
What's Flowing: GBPUSD [P&L SNAPSHOT]Last video did not show the P&L, so here it is. It seems the arbitrage strategy worked effectively, mitigating the impact of the GBPUSD pullback and maintaining the overall equity balance. This highlights the robustness of hedging and inter-market positioning as a defensive trading mechanism. Leveraging correlations between pairs like AUDNZD and CADJPY to hedge against fluctuations in GBPUSD demonstrates strategic flexibility. It’s always crucial to monitor the market for further retracements or reversals while keeping risk exposure balanced. The current setup shows healthy margins and room for adjustments if needed. Great use of diversification and dynamic management!
by moneymagnateash
GBPUSD setup GBP/USD recorded the eighth straight negative week after the pullback from the 1.3433 level, losing more than 7%. The price posted a fresh six-month low of 1.2486 on Friday, meeting the long-term ascending trend line. More aggressive selling interest would switch the broader outlook to a bearish one, resting near the 1.2445 support, taken from the lows on May 9. Even lower, the bears would gain control, pushing the pair towards the psychological mark of 1.2300.In case of a bounce off the uptrend line, then the price may test the 1.2715 resistance area, ahead of the 20-day simple moving average (SMA) at 1.2770 and, more importantly, the 200-day SMA at 1.2820.The momentum oscillators are confirming a bearish structure as the RSI is pointing down near the oversold zone, while the MACD is still extending its negative steam below its trigger and zero lines. The 20- and 200-day SMAs created a death cross, confirming the falling movement.
Short
by KingForex078
What's Flowing GBPUSD (UPDATE) [Triangular Arb Structure]It seems the arbitrage strategy worked effectively, mitigating the impact of the GBPUSD pullback and maintaining the overall equity balance. This highlights the robustness of hedging and inter-market positioning as a defensive trading mechanism. Leveraging correlations between pairs like AUDNZD and CADJPY to hedge against fluctuations in GBPUSD demonstrates strategic flexibility. It’s always crucial to monitor the market for further retracements or reversals while keeping risk exposure balanced. The current setup shows healthy margins and room for adjustments if needed. Great use of diversification and dynamic management!
by moneymagnateash
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