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Cable

When The market MOVES YOU MOVE WITH IT!Price does this thing I call Sniper Open. It will throw a Judas Swing and shoot for liquidity like a bat out of the fires of hades :) This happens everyday in the forex Market. Price has a strict routine it adheres to and it rarely deviates from this. The key to trading Forex is to anticipate these moves by trapping price at areas of structure it has been before in previous price action. Not to PREDICT. Price has a mind of its own. Add millions of buyers and sellers, Fundamental, technical analysis MINDSET ... and you begin to dive into the network of FOREX. You cannot force the market to do anything but when you get in sync with this dynamic machine you can actually trade with the software aka big money. Time over Price is STRUCTURE. Areas of liquidity reside above the body of the candle up to the wick. Zone these areas and you will SOLID building blocks to formulate you trading strategy for that day. (11:15pm-2am Set Ups Begin) Prudence (to recognize limitations) dictates exiting a winning position long before the highs. Your range of perception is smaller then you think and you're part of a system that has many inputs that you can not see. Never over leverage. Trust your trade set up. 3-5 Pip Threshold. Never Over Leverage. Have fun. I AM PRo Trading Made Simple.
Short
by Master-Jedi-Trader
2
GBPUSD UPDATECable has made a nice strong reaction from the historically strong psychological level of 1.2000 but that doesn't mean price cant retest this zone again before we see a bigger corrective move. On the 1D TF Friday's candle closed with a potential wick to fill to the downside, on the LTF price has broke out of the Asian session range and is testing the 0.618 fib taken from the previous swing high to swing low in confluence with the descending trendline resistance - we would like to see price make a small bullish induction above the trendline and above the current High of the day to create the liquidity below in order for price to move in to - waiting for entry confirmations in at the 0.718 fib on the LTF's
Short
by ITSCRYPTO1
EUR/USD Long Opportunity Price on the 15 Min chart has just tapped into a previous demand zone / OB area. I'm looking for price to mitigate the 50% level of this demand and bounce from it. The SL is just below the zone (12 Pips) incase price wicks down to mitigate the local low and claim this liquidity before a larger push up as this is quite a likely scenario which I want to be safe from. My target is the Equal highs which is storing a lot of downside liquidity which must be mitigated before a continuation downwards.
Long
by elliotthforex
3
GBP/USD: the most simple idea you will see todayAs it can be inferred from the 2H timeframe chart, the price has been consolidating within the borders of a sideways-moving range for quite a while. From the recent price movement, we can observe that the bearish rally that has happened recently gives enough confidence that the price may keep pushing even lower. We are eyeing the zone of support (recent low) indicated on the chart and looking forward to entering short positions.
Short
by Investroy
12
GBPUSD: Rallies should be capped!GBPUSD Intraday - We look to Sell at 1.2350 (stop at 1.2415) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. We look to sell rallies. Our profit targets will be 1.2170 and 1.2155 Resistance: 1.2410 / 1.2545 / 1.2670 Support: 1.2155 / 1.2015 / 1.1840 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
GBPUSD: Cable woes continue?!GBPUSD Intraday - We look to Sell at 1.2310 (stop at 1.2375) Buying pressure from 1.2161 resulted in prices rejecting the dip. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The bias is still for lower levels and we look for any gains to be limited. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies. Our profit targets will be 1.2130 and 1.2015 Resistance: 1.2275 / 1.2410 / 1.2545 Support: 1.2155 / 1.2015 / 1.1840 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
GBPUSDTo follow on form our previous cable update price is currently pushing back to the downside for a deeper exhaustion which will create the larger bull flag and provide a more beneficial trade opportunity. The bottom of the potential bull flag and horizontal support is the desired long zone. If price breaks below said level shorts will no longer be valid. A trader should always know when their trade setup is no longer valid and have the ability to move on / wait for the next high probability setup.
by THE_GOLDEN_SUITE
1
GBP/USD: time to jump off the cliffAs it can be interpreted from the graphical illustration, the price has been unable to break above the 1.265 zone of crucial support. Yesterday, by printing a massive bearish candle, the lower boundary of the ascending channel that is pictured on the chart was penetrated. Monitoring the price action, we can observe that currently the price is trying to complete a mild correctional move of the impulsive leg that was printed yesterday. After the correctional phase is done with, we are gonna look forward to going short and aiming for the zone of support shown on the chart. 1.25500 area of supply is the zone that we are eyeing for potential short positions.
Short
by Investroy
5
Pound vs. Dollar - Short Term Swing Trading Idea - 2 June 2022FX:GBPUSD in the past week corrected almost 200 pips. Check connected trading idea from 26-May. Note that probably the cable won't reach the support zone of 1.2380-1.2400 and from here a test of SMA 200 will build a strong impulse upward. Duration of trading idea is 1 week. What is the supported thesis technically for the expected scenario on GBPUSD? - Price-action will form in the next couple of hours - strong engulfing - By Elliot waves, A-B-C is finished and tested on SMA 200 - The RSI indicator is below 30-level and soon will start moving up If you have any questions related to this trading idea I will be happy to provide you with answers.
Long
by TradingTie
cable GBPUSD H4 Might Face Resistance @ 1.2700 to 1.2777 Watch the Price Action at Resistance Zone between 1.2700 and 1.2777 A pullback is expected from the above-mentioned resistance zone. Watch out for candlestick formations there. For a good entry also take note of lower time frame candlesticks like H1 and m15 for pinpoint entry. If the price breaks out of this zone then it may retest the level for a long entry. Stay tuned for live coverage of this trading opportunity. Please Like, Follow, and Share my work if you like.
by awan0454
Pound vs. Dollar - Short Term Swing Trading Idea - 26 May 2022GBPUSD in the past 12 days been in a strong uptrend after the big collapse. In the next couple of days, the cable needs to make a healthy 40% correction and find support over 1.2400 regions. Follow the price action in the next couple of hours and place stop-loss order above new swing highs. What is the supported thesis technically for the expected scenario on GBPUSD? - Price-action will be a strong signal in the next couple of hours - By Elliot waves - it is a strong 5-wave impulse and needs a correction - The MACD indicator in the next few days will start collapsing If you have any questions related to this trading idea I will be happy to provide you with answers.
Short
by TradingTie