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Cablelong

GBPUSD (Cable) H4 Reversal likely here if this HappenGBPUSD, the cable is finding resistance at a price range of 1.19428 to 1.19140, as highlighted in our previously shared idea. We anticipate that the GBPUSD pair will reverse at the critical support level. See the chart image for clarity. The market is expecting some volatility later today due to the ISM Manufacturing PMI, JOLTS Job Openings, and FOMC Meeting Minutes reports. The details of these reports will determine to a very large extent if the support levels at 1.19428 and 1.19140 will hold or not. Let's keep our fingers crossed. Please like this idea to help reach others and also follow me for support. Many thanks for your time, and I hope to report back soon.
Long
by ClintOnos
EURUSD Buy analysis-Congratulations everyone who made money with me. We now plot our next move as price has reached our anticipated weekly resistance. -As we all know trading can get very boring at times. And i feel that the thrill has ended and we are about to jump into quite a boring phase for a while. -If you have been trading for some time, you have probably seen enough of the markets to know that there are two basic moods of the market, and these moods will be seen in any market in the world. There is the calm, drifting, directionless, choppy market as is evident in the yellow box. - At times, the market will also exhibit strong, powerful explosions characteristic of what we have just witnessed. The market is always in one of these two moods. -Continually, the market moves between these two states: the hyperactive trending market and the relaxed, drifting market. Just as there are low tides and high tides, hot days and cool days. Traders take advantage of these two moods in the market. -The weekly resistance that we are on now will be the threshold by which you judge the movement of the market once again. -I see a consolidation coming But at the same time will be looking for buy catalysts on areas of interest.
by EMkioko
Potential GBPUSD Rollover Buy SetupThe Market Price Action Algorithm has presented us with a potential long opportunity at London Session Rollover. Depending on how price reacts at this level, I may place a buy trade. I'm expecting this area to be approached close to London session. If I start to see exhaustion of selling energy and nice wicks to the downside in this area, I will be entering the trade. Regardless of how tight the stop loss is on this trade, do not overleverage. The reason so many traders lose is because they choose to place unnecessary risk on each trade. The name of the game is staying in long enough to compound, not getting rich overnight. Trading is quite literally the tortoise and the hare parable. The market transfers wealth from the impatient to the patient. ...Which group are you in?
Long
by jefferytheartist
GBPUSD 1.2050 Target Achieved, New Pattern EmergingTechnical & Trade View GBPUSD Bias: Bullish Above Bearish below 1.1950 1.2050 Target Achieved, New Pattern Emerging Technicals Primary support is 1.1950 Primary upside objective 1.22 Next pattern confirmation, acceptance above 1.21 Failure below 1.19 opens a test of 1.1770 20 Day VWAP bullish, 5 Day VWAP bullish Today’s New York Cut Option Expiries: 1.1840 (236M), 1.1865-70 (300M) Institutional Insights Analysts at Credit Agricole note 'The GBP could remain an attractive stagflation and risk aversion hedge for now. Soaring energy costs, labour market shortages, global supply chain disruptions and persistent Brexit-related headwinds continue to plague the UK economic recovery and thus complicate the BoE’s ability to normalise in the face of uncomfortably high inflation. This could keep UK real rates and yields negative and weigh on the GBP for now. In addition, the war in Ukraine as well as idiosyncratic risks related to Brexit could make the UK’s economic recovery less robust as well. In the longer term, recovering UK real rates and yields could usher in a cautious recovery for the GBP in H223'
by Tickmill
GBPUSD Intraday Short buy, an Elliot Wave perspectiveGBPUSD 4H An intraday outlook for Monday. On the Daily and Weekly TF, the momentum is still bearish. On 4H, the price is currently in the premium zone for sellers and it is in an ABC corrective stage. It is currently at a 50% retracement of the recent bullish impulse. If this failed engulfing area coupled with 50% retracement area holds, we would look for possible short buys for GBPUSD to complete its C wave. First target for short buys is the Swing High. Alternative outlook: If the area of the failed engulfing and 50% doesn't hold, we would look for a breakout of that area and look for a confirmed bearish structure on the LTF.
Long
by TheTradingPulse
$GBPUSD - Price at Bullish Breaker - Continue Bullish Momentum?*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges, trendlines, channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward Liquidity and Balance. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas. Currently on the daily chart the price has risen above a breaker. The Breaker would be the Low High Lower Low Formation seen here: And it has come down and touched that breaker region. The breaker would be the last up candle in the low high lower low formation. Which is in the main boxes on the main idea above. I once price touches the breaker it ususually means that there was a missed opportunity for "Smart Money" to remove a short position at that area so they bring the price back down to remove the short positions and give you a "Fake out as if they are going lower. My stop loss was to take take the highest 4 hour ATR (408) or 40.8 pips and place that below the body of the breaker. I added a few pips just in cases it tried a quick stab stop hunt. As it approaches the 1.35500, 1.36000, or even the 1.36500 mark price has a t endency to sweep those areas 10-40 pips before pulling back. Being that the next daily bearish order block ius neath e 1.36000 I would expect it to sweep at least half of the bearish order block which is approximately 40+ pips on this chart. Open: 1.34975 SL: 1.34545 Max TP: 1.36470 More than a 3:1 ratio with almost 150 pips to gain if my analysis is correct. This is a swing trade and we're hoping to find the bottom of that swing right now. FX:GBPUSD OANDA:GBPUSD FOREXCOM:GBPUSD GLOBALPRIME:GBPUSD EASYMARKETS:GBPUSD KRAKEN:GBPUSD FX_IDC:GBPUSD PEPPERSTONE:GBPUSD FTX:GBPUSD EIGHTCAP:GBPUSD CURRENCYCOM:GBPUSD
Long
by BodiesXWix
2