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British Pound / U.S. Dollar

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GBPUSD trade ideas

"GBP/USD is cooking inside a trianglePair: GBP/USD Timeframe: 4H Strategy: Elliott Wave + Triangle Pattern + Breakout Formation: Contracting Triangle – Wave 1 to 5 Risk-Reward: High Probability Setup Status: Pre-breakout phase 🔍 Technical Breakdown: A clean contracting triangle is forming, completing all 5 internal waves within the structure. Wave 5 looks exhausted and price is rejecting trendline resistance. Expecting a bearish breakout from the triangle. Target zone = 1.34759, aligning with previous liquidity + measured move. Entry area refined with supply zone + minor structure break (as seen in inset schematic). 🎯 Target: 1.34759 🛑 Stop Loss: Above triangle resistance 🟢 Entry Trigger: After breakout + retest or SMC confirmation This setup matches Elliott Wave’s triangle structure behavior – typically occurring before the final push in a larger correction or continuation.
Short
by Greenfireforex
1
Bullish bounce off pullback support?The Cable (GBP/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance. Pivot: 1.3411 1st Support: 1.3100 1st Resistance: 1.3714 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
GBP/USD 1H CHART PATTERNThis chart shows a GBP/USD (British Pound / U.S. Dollar) analysis on a 1-hour timeframe with a bearish setup. Here's a breakdown of what's being indicated: --- Technical Analysis Overview: 🔺 Chart Patterns: A Head and Shoulders pattern has formed (highlighted with triangles), which typically signals a bearish reversal. A breakdown of the neckline occurred around the 1.3500–1.3510 region. 📉 Current Trade Setup: Sell Entry Zone: Around 1.35376. Take Profit (TP): At 1.34603. Stop Loss (SL): At 1.35624. 🔵 Trade Rationale: Price has pulled back to retest the broken neckline, forming a possible lower high. If the price fails to break above resistance, a continuation to the downside is expected. Volume shows increased activity, suggesting traders are engaged at these levels. --- Summary: This is a bearish setup betting on the continuation of the downtrend after a retest of former support (now resistance). The trade idea involves: Risk-to-Reward Ratio: Favorable, as the potential reward (to TP) is greater than the risk (to SL). Confirmation: Watch for bearish candlestick signals before entering to confirm resistance is holding. Let me know if you want this translated into a trade plan or code for automated trading.
Short
by TEAM_USA12
Bullish continuation?The Cable (GBP/USD) is falling towards the pivot, which is an overlap support and could rise to the 1st resistance. Pivot: 1.3507 1st Support: 1.3420 1st Resistance: 1.3644 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
News Trading - After release📉 News Spike Reversal – GBPUSD & USTEC, 15min This example highlights how the ELFIEDT RSI + 3SD Reversion Strategy can be used to catch sharp pullbacks after a news-driven price spike, using statistically overextended conditions and volume-confirmed exhaustion. 🔻 What Happened Here: 📍 1. Sudden Spike on News Release Both GBPUSD and USTEC experienced a sharp rally — likely due to a high-impact economic release or scheduled news event. This kind of impulsive movement often creates price extensions beyond normal volatility ranges. 📍 2. “DOWN” Signal Triggered on Both Assets As price surged higher, the indicator detected that: Price exceeded the upper statistical band (3SD above the moving average) RSI entered extreme territory Volume activity was significantly elevated This triggered a “DOWN” label on both charts, flagging the area as a potential short-term top. 📍 3. High-Probability Reversal Back Toward the News Origin Zone After the initial spike, both instruments retraced sharply, pulling back into the prior consolidation range — a classic “retest of the news move” often seen when markets overreact and correct shortly after. ✅ How You Could Have Traded It: Watch for news-driven price surges — the strategy is built to detect extreme moves. When the “DOWN” label appears on both instruments around the same time, it adds confluence — this increases conviction in the reversal potential. Look for candle confirmation (e.g., bearish engulfing or long upper wick) to time the entry. Target the origin of the news spike or the prior resistance zone as your first take-profit level. 🔁 Bonus: Multi-Asset Confluence When two different markets react similarly to news and print simultaneous reversal signals, this serves as a strong confidence boost — especially when both RSI readings also begin to reverse from extremes. This dual example shows how the ELFIEDT strategy can help traders avoid emotional trades during news volatility and instead catch logical pullbacks after the dust settles.
Short
by ElfieTrader
GBPUSD(20250612)Today's AnalysisMarket news: ① The EU hopes that the trade negotiations will be extended beyond the suspension period set by Trump. ② Bessant: As long as "sincerity" is shown in the negotiations, the Trump administration is willing to extend the current 90-day tariff suspension period beyond July 9. ③ Trump will hold multiple bilateral talks during the G7 summit. ④ The total customs revenue of the United States reached a record high of US$23 billion in May, an increase of nearly four times year-on-year. ⑤ Lutnick: One deal after another will be reached. Technical analysis: Today's buying and selling boundaries: 1.3525 Support and resistance levels: 1.3627 1.3589 1.3564 1.3486 1.3461 1.3423 Trading strategy: If the price breaks through 1.3564, consider buying in, the first target price is 1.3589 If the price breaks through 1.3525, consider selling in, the first target price is 1.3486
Long
by NuggetsWarriors
GBP/USD LONG FROM SUPPORT Hello, Friends! GBP/USD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.358 area. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Long
by EliteTradingSignals
1
GBPUSD SHORT FORECAST Q2 W24 D10 Y25GBPUSD SHORT FORECAST Q2 W24 D10 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday 15' break of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
GBPUSD(20250605)Today's AnalysisMarket news: U.S. economic data-① ADP employment increased by 37,000 in May, far below the expected 110,000 and the previous value of 62,000. ② The U.S. ISM non-manufacturing index in May fell to 49.9, shrinking for the first time in nearly a year, and the expected increase was from 51.6 to 52. Technical analysis: Today's buying and selling boundaries: 1.3543 Support and resistance levels: 1.3622 1.3593 1.3574 1.3513 1.3494 1.3465 Trading strategy: If the price breaks through 1.3574, consider buying, and the first target price is 1.3593 If the price breaks through 1.3543, consider selling, and the first target price is 1.3513
Short
by NuggetsWarriors
LONDON BREAKOUTLondon Breakout Strategy – GBP/USD (June 9) Today’s setup follows the same logic: I marked the high and low between 04:00 to 06:00 UTC to define the pre-London range. Once the London session opened and bearish momentum appeared, I took a sell trade. Entry (Sell): 1.34820 – Entered as price broke below the early range with momentum. Stop Loss (SL): 1.35462 – Placed just above the high of the 4–6 UTC range. Take Profit (TP): 1.33855 – Based on a 1.5x reward relative to the stop-loss distance. This strategy is designed to capture London session breakouts with a clear structure and defined risk. Feel free to comment and share your ideas...
Short
by alisardari
$GU (GBPUSD) 4H AnalysisExpectation: Break of trendline → retest → drop toward 1.34450 liquidity. Momentum is exhausting near resistance, and price is now testing a key ascending trendline...We’ve swept short-term buy stops and failed to sustain bullish continuation. Buy-side liquidity above recent highs has been swept. Now, sell-side liquidity rests below 1.35240 (marked in red), a key equal low / internal liquidity pool...Below that, there’s a clean draw to the 1.34450–1.34143 imbalance zone, where liquidity and inefficiency align. Price could pull back after the trendline break, then resume bearish continuation.
Short
by TopGBanks