GBP/USD Trade Recap – A Perfect Long Setup
1️⃣ Trade Execution – Why I Took the Long Position
Today’s GBP/USD trade was a textbook example of combining Fibonacci retracements, smart money positioning, and seasonality trends to catch a high-probability long setup.
💡 Entry Details:
✅ Entry: 1.2600 (Fibonacci golden zone)
✅ Stop Loss: 1.2587 (Below structure)
✅ Take Profit: 1.2635 (Key resistance zone)
✅ Risk-Reward Ratio: 3:1
🎯 Result: Hit TP at 1.2635 for a solid profit! ✅
2️⃣ Why This Trade Worked – A Breakdown of the Confluences
📊 Fibonacci Retracement – Perfect Pullback & Reversal
Price retraced to the 61.8%-78.6% Fibonacci zone (1.2600 - 1.2593) before reversing.
The bullish move was expected after a strong impulse leg, following smart money positioning.
📈 Smart Money & Retail Sentiment – Trading Against the Herd
🔹 62% of retail traders were SHORT on GBP/USD (as per DMX data).
🔹 Since I trade against retail sentiment, this provided a strong bullish confirmation.
🔹 Institutional COT data showed big players increasing long positions, further supporting a bullish bias.
🕵️♂️ Seasonality & Historical Trends Supported the Long
📊 15-year seasonality data indicated GBP/USD typically rallies in late February and early March.
📅 The next 3-5 day forecast showed a bullish probability, adding further conviction.
📉 Technical Confirmation – Momentum Indicators & Structure
✅ SuperTrend flipped bullish on the 4H chart
✅ Price was trading above key moving averages (EMA 6, 24, 72, 288)
✅ Broke above short-term trendline resistance, confirming upward momentum
3️⃣ Key Takeaways from This Trade
🔹 Trading with smart money & against retail sentiment = High probability setups
🔹 Seasonality provided extra confidence in taking the long trade
🔹 Using Fibonacci and EMAs for confluence led to a precise entry
🔹 Patience and risk management were key to securing profits
📌 Final Thoughts – What’s Next for GBP/USD?
🚀 With this bullish breakout, I will look for further longs on dips, targeting the next key resistance at 1.2680 - 1.2700.
👀 Are you bullish or bearish on GBP/USD? Let’s discuss in the comments!
Today’s GBP/USD trade was a textbook example of combining Fibonacci retracements, smart money positioning, and seasonality trends to catch a high-probability long setup.
💡 Entry Details:
✅ Entry: 1.2600 (Fibonacci golden zone)
✅ Stop Loss: 1.2587 (Below structure)
✅ Take Profit: 1.2635 (Key resistance zone)
✅ Risk-Reward Ratio: 3:1
🎯 Result: Hit TP at 1.2635 for a solid profit! ✅
2️⃣ Why This Trade Worked – A Breakdown of the Confluences
📊 Fibonacci Retracement – Perfect Pullback & Reversal
Price retraced to the 61.8%-78.6% Fibonacci zone (1.2600 - 1.2593) before reversing.
The bullish move was expected after a strong impulse leg, following smart money positioning.
📈 Smart Money & Retail Sentiment – Trading Against the Herd
🔹 62% of retail traders were SHORT on GBP/USD (as per DMX data).
🔹 Since I trade against retail sentiment, this provided a strong bullish confirmation.
🔹 Institutional COT data showed big players increasing long positions, further supporting a bullish bias.
🕵️♂️ Seasonality & Historical Trends Supported the Long
📊 15-year seasonality data indicated GBP/USD typically rallies in late February and early March.
📅 The next 3-5 day forecast showed a bullish probability, adding further conviction.
📉 Technical Confirmation – Momentum Indicators & Structure
✅ SuperTrend flipped bullish on the 4H chart
✅ Price was trading above key moving averages (EMA 6, 24, 72, 288)
✅ Broke above short-term trendline resistance, confirming upward momentum
3️⃣ Key Takeaways from This Trade
🔹 Trading with smart money & against retail sentiment = High probability setups
🔹 Seasonality provided extra confidence in taking the long trade
🔹 Using Fibonacci and EMAs for confluence led to a precise entry
🔹 Patience and risk management were key to securing profits
📌 Final Thoughts – What’s Next for GBP/USD?
🚀 With this bullish breakout, I will look for further longs on dips, targeting the next key resistance at 1.2680 - 1.2700.
👀 Are you bullish or bearish on GBP/USD? Let’s discuss in the comments!
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.