GBP/USD Futures trade ideas

Genesiv

Type : Bearish Momentum Resistance : 1.2124 Pivot: 1.2057 Support : 1.1855 Preferred Case: On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 1.2057 in line with the swing high resistance to the 1st support at 1.1855 in line with the 78.6% fibonacci projection and 161.8% fibonacci...

Genesiv

Type : Bearish Momentum Resistance : 1.2563 Pivot: 1.2514 Support : 1.2432 Preferred Case: On the H1, price is moving within the descending channel and is below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 1.2514 in line with the overlap resistance to the 1st support at 1.2432 where the swing low support, 100%...

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bryanmtz313

How to compare the indexes and futures of currency pairs to get a more precise bias.

Genesiv

Type : Bearish Continuation 1st Resistance : 1.2660 Pivot: 1.2622 1st Support: 1.2554 Preferred Case: With price reversing off the ichimoku cloud resistance, we have a bearish bias that price will drop to our support in line with the horizontal swing low support, 38.2% fibonacci retracement and 23.6% fibonacci retracement from our pivot in line with the...

Genesiv

Type : Bullish Rise 1st Resistance : 1.2631 Pivot: 1.2553 Support : 1.2485 Preferred Case: With price moving within the ascending trend channel and above the ichimoku cloud, it supports our bullish bias that price will bounce off the pivot at 1.2553 in line with the confluence area with 50% Fibonacci retracement to the 1st resistance at 1.2631 in line with the...

AleMeo97

Price is making Minor Mountains and new highs. Identified a continuation in the current behaviour in price. Minor mountain area = yellow box

Altcoin144

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pauliet

ABC Pull Back for trade long out of B pivot into the C pivot and then short out of the C pivot for a new Low

ayman-belkadi

British pound futures, the possibility of going down is good, target 12856 stop-loss 13118

SwingWaiter

The British pound / US dollar currency pair is approaching a bullish DMI convergence on this daily chart. Should DI+ cross DI- here, it could be a good time to go long.

Maximilianned

Looked at the EURO, the CAD, and Pound The Cable looks poised to rebound, a very divergent move down. Feels like, did we hit your stop? How about now? And Now? These traders don't fool around - they want your money. That said looking to get back to .78 Fib where this Naked Point of Control We get negative war news and of course this is invalidated. 2...

QQGuo-Shane

I am still expecting the price will drop sharply in the near further towarding a new lower low. Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy...

SwingWaiter

Does this trade look like something you'd want to buy into? "No" is always an acceptable answer, but if you (as we) think GBP/USD is ready to revert to the mean, why not step in gently, a few contracts at a time, rather than all at once.

Boukhari_Abdallah

we can buy in very short term due to the conservation of range

Trend_Chasin Updated 

I have an alert set for when 6B comes into that 4 Hr Supply. A few more basing candles than I would like before the drop but it was a strong enough move to add to the watchlist. It also comes into a weekly LVN right above that Supply Level. One thing I will say is because that high was so weak, almost 7, 4 hour candles with almost the same high, I believe there is...

Christopher0909

- Context: DX Us index show weakness.......GBP in strong trend. - GBPUSD:( 25.5% Long and 74.5% Short) Retail trader data shows 25.5% of traders are net-long with the ratio of traders short to long at 3. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBP/USD prices may continue to rise. - We have weak high...

Bastianelton Updated 

This is the Daily Timeframe. KEEP IN MIND: This analysis is solely based upon Institutional Structure, nothing else. When an impulse takes out a previous low, it creates a Break of Market Structure (BMS), showing signs of weakness. When a previous low has been violated, the swing high that was formed prior to the violation of the low turns into a Protected High...

TargetFXX

Within a channel and approaching channel resistance. Ideally one more push higher before dropping. Could be tuesday or wednesday. GBPXXX SHORT XXXGBP LONG