empty
04.03.2025 07:35 AM
How to Trade the GBP/USD Pair on March 4? Simple Tips and Trade Analysis for Beginners

Analysis of Monday's Trades

1H Chart of GBP/USD

This image is no longer relevant

The GBP/USD pair also experienced a strong rally on Monday. However, from a technical standpoint, this movement was more justified than for the euro. Unlike the euro, the British pound remains in an uptrend and has not broken below its trendline. There were virtually no macroeconomic reasons for the pound's rally on Monday. The UK Manufacturing PMI was published as a second estimate, while the first significant report—the ISM index—was released in the evening after the market had already moved higher. The dollar began to weaken overnight, making the move largely an emotional reaction to Friday's events at the White House. It is unclear why the market interpreted these events negatively for the dollar, but Trump's presidency has shown that he only supports "world peace" in words. In reality, he is engaging in conflicts with half the world, imposing his conditions, which makes traders wary of the dollar.

5M Chart of GBP/USD

This image is no longer relevant

The 5-minute chart of GBP/USD shows that multiple trading signals were generated on Monday. The pair first broke above the 1.2613 level and then continued moving higher. The 1.2680-1.2685 area was breached, and the price tested the 1.2723 level. The upward movement ended around this level, providing an opportunity to close long positions with a profit of at least 80 pips.

Trading Strategy for Tuesday:

In the hourly timeframe, GBP/USD may begin a short-term downtrend, while the recent week's movements represent a correction in the daily chart. In the medium term, we still expect the pound to decline towards 1.1800, which remains the most logical scenario. The key now is to wait for the completion of the upward correction on the daily chart and for the price to consolidate below the trendline on the hourly chart.

On Tuesday, GBP/USD could continue rising if Trump keeps creating chaos and imposing his terms on the global stage. No macroeconomic reports are scheduled for today, and the pound has been rising almost without reason.

On the 5-minute timeframe, key levels for trading include 1.2164-1.2170, 1.2241-1.2270, 1.2301, 1.2372-1.2387, 1.2445, 1.2502-1.2508, 1.2547, 1.2613, 1.2680-1.2685, 1.2723, and 1.2791-1.2798. No major reports are scheduled for the UK or the U.S. on Tuesday, but another speech from Donald Trump is expected in the evening. Given that he just imposed additional tariffs on China, the market is unlikely to be dull this week.

Core Trading System Rules:

  1. Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.
  2. False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.
  3. Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.
  4. Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.
  5. MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.
  6. Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.
  7. Stop Loss: Set a Stop Loss to breakeven after the price moves 20 pips in the desired direction.

Key Chart Elements:

Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders.

Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading.

MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals.

Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals.

Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

GBP/USD: plan para la sesión europea del 13 de marzo. Informes COT del Commitment of Traders (análisis de las operaciones de ayer). La libra alcanza otro máximo de un mes

GBP/USD: plan para la sesión europea del 13 de marzo. Informes COT del Commitment of Traders (análisis de las operaciones de ayer). La libra alcanza otro máximo

Miroslaw Bawulski 07:23 2025-03-13 UTC+2

EUR/USD: plan para la sesión europea del 13 de marzo. Informes COT Commitment of Traders (análisis de las operaciones de ayer). El euro apenas reaccionó a la inflación estadounidense

Ayer se formaron varios puntos de entrada en el mercado. Echemos un vistazo al gráfico de 5 minutos y veamos qué ocurrió allí. En mi pronóstico de la mañana presté

Miroslaw Bawulski 07:23 2025-03-13 UTC+2

GBP/USD: plan para la sesión europea del 12 de marzo. Informes COT del Commitment of Traders (análisis de las operaciones de ayer). La libra sigue subiendo

Ayer se formaron varios puntos de entrada en el mercado. Echemos un vistazo al gráfico de 5 minutos y veamos qué ocurrió. En mi pronóstico de la mañana presté atención

Miroslaw Bawulski 07:49 2025-03-12 UTC+2

EUR/USD: plan para la sesión europea del 12 de marzo. Informes COT Commitment of Traders (análisis de las operaciones de ayer). El euro apunta a 1,10

Ayer se formaron varios puntos de entrada. Echemos un vistazo al gráfico de 5 minutos y veamos qué ocurrió. En mi previsión de la mañana, me centré en el nivel

Miroslaw Bawulski 07:49 2025-03-12 UTC+2

GBP/USD: plan para la sesión europea del 6 de marzo. Informes COT Commitment of Traders (análisis de las operaciones de ayer). La libra sufrió una pequeña corrección

Ayer se formaron varios buenos puntos de entrada en el mercado. Echemos un vistazo al gráfico de 5 minutos y veamos qué sucedió allí. En mi pronóstico de la mañana

Miroslaw Bawulski 07:19 2025-03-07 UTC+2

EUR/USD: plan para la sesión europea del 7 de marzo. Informes COT Commitment of Traders (análisis de las operaciones de ayer). El BCE baja las tasas de interés

Ayer se formaron varios puntos de entrada en el mercado. Echemos un vistazo al gráfico de 5 minutos y veamos qué sucedió allí. En mi pronóstico de la mañana presté

Miroslaw Bawulski 07:19 2025-03-07 UTC+2

GBP/USD: plan para la sesión europea del 6 de marzo. Informes COT Commitment of Traders (análisis de las operaciones de ayer). La libra, en un nuevo máximo semanal

Ayer se formaron varios buenos puntos de entrada en el mercado. Echemos un vistazo al gráfico de 5 minutos y veamos qué sucedió allí. En mi pronóstico de la mañana

Miroslaw Bawulski 07:13 2025-03-06 UTC+2

EUR/USD: plan para la sesión europea del 6 de marzo. Informes COT Commitment of Traders (análisis de las operaciones de ayer). El euro es imparable

Ayer se formaron varios puntos de entrada en el mercado. Echemos un vistazo al gráfico de 5 minutos y veamos qué ocurrió allí. En mi pronóstico de la mañana presté

Miroslaw Bawulski 07:13 2025-03-06 UTC+2

Recomendaciones para operar y análisis de las operaciones con el par GBP/USD para el 5 de marzo. La libra esterlina sigue subiéndo de precio.

El par de divisas GBP/USD también continuó subiendo de precio el martes, aunque el calendario macroeconómico estuvo totalmente vacío en esta jornada, y la libra esterlina lleva varias semanas consecutivas

Paolo Greco 06:47 2025-03-05 UTC+2

Recomendaciones para operar con el par EUR/USD y análisis de las operaciones para el 5 de marzo. El euro está rompiendo el muro de hormigón con la cabeza.

El par de divisas EUR/USD volvió a moverse al alza el martes, aunque esta vez la subida no fue tan intensa. Sin embargo, el euro sigue subiendo, aunque todavía

Paolo Greco 06:47 2025-03-05 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.