GBPUSD intraday trading

I am looking at only trading GBPUSD this week looking for short term intraday buys up to the higher TF objective for the long term sell. Using daily moves targeting imbalance prices and areas of interest to buy from using 1% risk to reward with a min of 5R return.

Once I reach the Higher TF objective I will looking for further imbalances in price and intraday trade across those levels. If you scroll out and look at the Higher TF 4 hour and Daily GBPUSD looks to be in a sell model.

This style of trading means you are on the charts a little more but with a good R:R you can grow your account well.

Let me know what you think of the set ups, ideas and trading model and help build this thread to help others with there intraday trading and set ups.

It resembles my trading style. Using Fibonacci retracement level of 0.61.8% level to produce a reversal candle after a strong move. I do not use 15M chart though. I trade on 30M and H1 chart by using almost very similar strategy. Another important factor is the retracement level has to be a flipped support/resistance. It means the price is to reverse at the last breakout level. This is when the price goes towards the trend's direction with good momentum. Thanks for sharing your trading idea. I am looking forward to getting more trading charts like this. Thanks in advance.

Well it does look like it's going to continue heading North to me too. Just need to pray Boris doesn't do or say something stupid.

Good last two days for the pair but PSAR on my D1 charts is still bearish so… i’ll just stay on the fence for now.

im really having a hard time trading the market. always getting kicked out. i am in need of help. i study the chart support resistance indicators. candles, but when it come to trading i keep on losing.

You won't win every trade, nobody does. Maybe you're risking too much. What percentage of your pot are you risking on each trade?

GBPUSD trade update.
This week I am looking for a push to the up side. but first off I think we are going to fall for today and tomorrow as there is not much drivers in the news to start us off. There is some nice areas to look for. the 62% FIB retracement lines up with a FVG that i will look to see if we get a good retracement. will be looking for the short term sell opportunities first but be aware we will be looking for it to turn at the end of the week.

What are you all trading and what are your set ups?

shorted 30

whats is 30 ?

Closed 27, +3

GU H1

@Neo, 1.3530, exited 3527

1ST TP CLOSED & now closing the 2nd TP
done for this Trade all closed

I agree with the shorter term down move but I think it will keep on going down this time

Personally, I think intraday trading is best, especially if you live in central Europe and you have the time to trade in both London and New York sessions.

The pair produced a Doji candle in the daily chart last Friday. The H1 chart shows that the pair is trading around a massive level of support. The price has some space towards the South to reach the level of support though. I am waiting for the price to produce a bullish reversal pattern at the level of 1.35200. Let's see what happens next.

GBPUSD looks to have taken out the buy side liquidity. With the short term high and then breaking back down below and creating a lower high and lower low. Following market structure i am looking for this pair to come back up to the 70% / 79% area where there is a fair value gap. from here i will be looking for lower timeframe change in market structure to sell this pair down lower again, back past the previous low and in to the bottom fair value gap. there is a few drivers later in the week that could push price around for us.
let me know what you are looking at with this pair.

The H1 chart shows that the price has produced a Head and Shoulder pattern. Thus, the next bullish move may be a good one. The support zone looks strong. I am waiting for a price to have a bounce again at the last swing low. Let us wait and watch what happens.

GBPUSD looks to have taken out the buy side liquidity. With the short term high and then breaking back down below and creating a lower high and lower low. Following market structure i am looking for this pair to come back up to the 70% / 79% area where there is a fair value gap. from here i will be looking for lower timeframe change in market structure to sell this pair down lower again, back past the previous low and in to the bottom fair value gap. there is a few drivers later in the week that could push price around for us

Can see this one rising over the next few days. The Russia news will help it imo