GBPUSD H4|Potential reversal from overhead resistance?GBPUSD is rising into an overlap resistance that sits just under the 78.6% Fibonacci retracement level. Price could hit the sell entry at 1.25769 and potentially reverse to drop lower. Take profit is at 1.24953 which is a recent swing-low support. Stop loss is at 1.26525 which is an overlap resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Cable
JUST FOLLOW THE SCRIPT - EURUSDWE ARE BEARISH. THE DXY IS BULLISH.
Therefore on a bearish day we expect price to IMPULSE to a AREA of Liquidity right above our Morning Zone before the dump in confluence with the DXY being BULLISH.
WE EXPECT A DUMP TO THE 3RD OR 4TH
SD.
NARRATIVE: MONDAY JUNE 12, 2023 2:58AM EST
Never Over Leverage. Large Trading Accounts are grew over time through compounding.
TRUST YOUR SET UP.
HAVE A GREAT WEEK OF METICULOUSLY CALCULATING AND PRECISE TRADING!!!!!!!!!!
I AM THE ALGORITHM NOW:)
GBPUSD H4 - Long SignalGBPUSD H4
We spoke about GBPUSD yesterday, especially this 1.24 long handle. From this zone we are happy with our longs being taken from somewhat a higher TF area of support (H4).
Hopefully we get off the ground here and break above 1.24500, and then retest as support to see out this HH/HL trend for a while, possible taking us up to around 1.26.
GBPUSD H4| Resistance overhead?GBPUSD could approach a key resistance level and potentially reverse from here. We could see price move down to our take profit target.
Entry: 1.24585
Why we like it:
There is an overlap resistance
Stop Loss: 1.25465
Why we like it:
There is an overlap resistance that sits above the 61.8% Fibonacci retracement level
Take Profit: 1.23495
Why we like it:
There is an overlap support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
GBPUSD H4|Falling to overlap supportGBPUSD is falling towards a key overlap support and could potentially reverse from this level. Price could hit our buy entry at 1.23766 and bounce up from here. Our stop loss will be at 1.23320 which is an overlap support. The take profit level will be at 1.24486 which is an overlap resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Cable Expected To Be Rejected Below 1.23948GBPUSD last week closed positive, however, the bearish undertone observed on the final trading day. This occurrence heightens the probability of the forthcoming trading week commencing on a downward trend. If the pair is rejected below 1.23948, the likelihood of a retest of the recently established high at 1.23948 increases.
In the event that the GBPUSD pair is not subjected to buying pressure or successfully breaches the specified level accompanied by a strong bearish candlestick, the pair is expected to dip further.
N.B!
- GBPUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gbpusd
#cable
GBPUSD H4|Cable heading into resistance?GBPUSD is approaching a key resistance level and could potentially reverse from here. We could see price move down to our take profit target.
Entry: 1.24681
Why we like it:
There is an overlap resistance that sits just above the 38.2% Fibonacci retracement
Stop Loss: 1.25323
Why we like it:
There is an overlap resistance
Take Profit: 1.23495
Why we like it:
There is an overlap support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
EURUSD Has FALLENAs expected EURUSD has fallen out of the Morning Zone and is headed to the 4th Standard Deviation which just so happens to be the EXTREME levels of EURUSD.
We Anticipate a W formation around 6:30-7:30am est.
BEWARE OF NEWS!!!!!
But if you get in now you can avoid the news and be done:)
Never over leverage.
Trust your set up and give the trade time to manifest.
Have a GREAT TRADING DAY!!!!!
GBPUSD H4 | Rising to 23.6% Fibo resistance?GBPUSD is rising towards a key overlap resistance and could potentially reverse from this level. Price could hit our sell entry at 1.23947 and potentially move lower from here. Our stop loss will be at 1.24702 which is an overlap resistance. The take profit level will be at 1.23089 which is a recent swing-low support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
GBPUSD H4 | 23.6% Fibo resistance overhead?GBPUSD is rising towards a key resistance level and potentially reverse from here. We could see price drop down to our take profit target.
Entry: 1.23996
Why we like it:
There is an overlap resistance that aligns close to the 23.6% Fibonacci retracement
Stop Loss: 1.24665
Why we like it:
There is an overlap resistance
Take Profit: 1.23081
Why we like it:
There is a recent swing-low
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
GBPUSD H4 | 23.6% Fibo barrier?GBPUSD could rise towards a key overlap resistance and could potentially reverse from this level. Price could hit our sell entry at 1.23921 and potentially move lower from here. Our stop loss will be at 1.24486 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement. The take profit level will be at 1.23090 which is a recent swing-low support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Bullish dollar for this weekI expect the strong bullish trend that started last week to continue! After hitting the midterm target for dollar at around 106, I expect a massive selloff! And then stocks and equities will truly fly! But let's not get ahead of ourselves yet! :)
I will update this through the week!
If you are interested also take a look at my euro and pound analysis for the week!
GBPUSD H4 | Cable to bounce from support?GBPUSD is falling towards a key overlap support and potentially reverse from this level. Price could hit our buy entry at 1.23922 and bounce up from here. Our stop loss will be at 1.23501 which is an overlap support. The take profit level will be at 1.24678 which is an overlap resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Euro will tank this week I think we have printed the high of the week on #eurousd here! Dollar has been bearish for weeks and now it is starting to see some relief! This means risk off conditions on other assets! I am looking at the the daily fair value gap as the weekly target for eu!
We hit into a daily bearish fvg on euro and have seen some nice reaction! Let's see if the moved will be sustained!
GBPUSD about to make a big move down?I've been closely monitoring current LTF price action and about to go short on this pair. We've retested last weeks broken dynamic support, and running out of steam right now.
I'm seeing DXY continuing to grow, to at least 105 in the coming week or so. BoE hawkish sentiment, failure to get inflation under control, despite hikes gives the mark no confidence, and therefor a risk off mentality.
My ultimate target is 1.185 area, but will be taking partials on the way down.
Happy trading!
THE BRITS ARE NOT OVER !Before talking about what direction NASDAQ:GBP pairs should take, just check its #INDEX before decide.
It seems to be clear that #UK won't throw the towel and give up.
They have conquered nearly 70% of the planet; English is the most spoken language.
The small British island could still hold a few surprises!
130 seems to be claimed...
Don Pablo
The wedge pattern on cable! Bears waking up? So far this year, Cable has made significant progress. However, the fifth wave’s potential for further growth appears limited due to its final leg within a higher degree impulse, as evident on the daily chart. Interestingly, there have been instances of sluggish price movement and overlaps around the 1.23 area. This prompts us to question whether this could be the fifth wave nearing resistance at 1.26/1.27, potentially forming an ending diagonal (wedge) pattern. These patterns often result in sharp reversals, so caution is advised for bullish traders, particularly considering the absence of buyers even on a “hawkish BoE” day. It is possible that speculators are losing hope for the Bank of England’s ability to curb inflation.
Dollar is bearish I believe dxy is gonna finally break out of this boring range and go for sell side liquidity this week!
Daily swing is clearly bearish and we have retested the perfect OTE Fibonacci retracement of the latest swing leg. Just ready to go lower!
I expect a bit of pullback higher into that daily volume imbalance and then tank!
We can look for longs on #eurusd and #gbpusd and #indices!
Euro thoughts before fomcI believe eurusd is gonna make new highs after today's fomc number release! We have a daily order block and price can sweep the liquidity into this order block before going for the previous weekly high as the first target!
It is much better if we do not touch the previous weekly high before the news! Otherwise the probability of the bullish case drops in my opinion!
GBPUSD Outlook for the Week AheadThe GBP/USD currency pair has recently seen bullish pressure take control, with bears unable to invalidate the crucial demand/support zone at 1.23823. Over the past two weeks, the 1.25044 supply/resistance level has successfully held, prompting the question: what's next for the GBP/USD pair? To answer this, we'll analyze the daily, 4-hour, and 1-hour candlestick charts.
The daily chart reveals a significant supply/resistance level at 1.26080, near the psychological 1.26000 price level. The bullish trend is evident as long as the 1.25044 level holds, with the price above the 20-day EMA and MACD zero level. Should the 1.25000 zone fail to hold the price, a push down to the nearest demand/support zone at 1.21821 is expected.
Similar bullish trends are observed in the 4-hour and 1-hour charts, with the price trading above the 20-period EMA and MACD zero level. The multiple timeframes support the uptrend, with the next week's price movements being closely watched.
However, the technical outlook for GBP/USD remains uncertain, with market sentiment being the key driver. The range between 1.2350 and 1.2550 offers potential range-bound opportunities, with a daily candle close above or below the range top or bottom being key for bullish continuation or a deeper correction to the downside. Retail traders are currently short on GBP/USD, but a contrarian view suggests a short-term bullish bias.
While no major news is expected for the GBP next week, the USD has several high-impact news events, such as the ISM Manufacturing PMI, JOLTS Job Openings, ADP Non-Farm Employment Change, FOMC Statement, Federal Funds Rate, and Unemployment Rate, among others. These events could potentially affect the GBP/USD pair, making it essential to monitor technical indicators and upcoming news to identify potential shifts in market sentiment.