GBPJPY Breakout and Potential retraceHey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 191.500 zone, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.500 support and resistance area.
Trade safe, Joe.
D-GBP
GBPUSD I Falling towards pullback supportGBPUSD could fall towards a pullback support level and potentially bounce from this level to our take profit
Entry: 1.25817
Why we like it:
There is a pullback support
Stop loss: 1.25376
Why we like it:
There is a pullback support which aligns with the 61.8% Fibonacci projection
Take profit: 1.26681
Why we like it:
There is a swing high resistance
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GBPUSD to see limited gains?GBPUSD - 24h expiry
The medium term bias remains bearish.
Price action looks to be forming a top.
The sequence for trading is lower lows and highs.
Rallies should be capped by yesterday's high.
Bespoke resistance is located at 1.2660.
We look to Sell at 1.2660 (stop at 1.2690)
Our profit targets will be 1.2585 and 1.2565
Resistance: 1.2660 / 1.2690 / 1.2725
Support: 1.2600 / 1.2565 / 1.2530
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBPUSD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26300 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.26300 support and resistance area.
Trade safe, Joe.
Sell GBPUSD Bearish FlagThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish flag pattern. This pattern often indicates a continuation of a downtrend following a brief period of consolidation.
Key Points:
Sell Entry: Consider entering a short position (selling) around the current price of 1.2618, positioned near the resistance line of the flag. This offers an entry point close to the perceived continuation of the downtrend.
Target Levels: Initial bearish targets lie at the following levels:
1.2556: This represents the height of the flag, measured from the top trendline to the bottom trendline, projected downwards from the breakout point.
1.2524: This is a further extension of the downside target, based on the height of the previous price movement before the flag formation.
Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the flag, ideally around 1.2665. This helps limit potential losses if the price breaks above the flag pattern.
Thank you.
GBPAUD to continue in the downward move?GBPAUD - 24h expiry
Price action has continued to range within a rectangle formation.
A lower correction is expected.
Risk/Reward would be poor to call a sell from current levels.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.9385.
We look to Sell at 1.9385 (stop at 1.9425)
Our profit targets will be 1.9285 and 1.9265
Resistance: 1.9385 / 1.9435 / 1.9490
Support: 1.9285 / 1.9230 / 1.9175
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURGBP Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85500 support and resistance area.
Trade safe, Joe.
GBP/CAD little retracement (3/26\2024)Hello Traders
it looks like GBP/CAD is going to retrace partially it's last drop
Zone 1.70900 is a very good place to jump for 1.722.
We anticipate the price to move a bit down and then move toward 1.722.
Any break below 1.70700 will invalidate our analysis.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Buy EURGBP Bullish PennantThe EUR/GBP pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish pennant pattern. This pattern often suggests a continuation of the prior uptrend after a brief consolidation phase.
Key Points:
Buy Entry: Consider entering a long position (buying) around the current price of 0.8576, positioned near the support line of the pennant. This offers an entry point close to the perceived continuation of the uptrend.
Target Levels: Initial bullish targets lie at the following levels:
0.8616: This represents the height of the pennant, measured from the top trendline to the bottom trendline, projected upwards from the breakout point.
0.8640: This is a further extension of the upside target, based on the height of the previous price movement before the pennant formation.
Stop-Loss: To manage risk, place a stop-loss order below the support line of the pennant, ideally around 0.8560. This helps limit potential losses if the price breaks down from the pennant pattern.
Thank you
GBPJPYGBPJPY Makes a bat harmonic, after the recent massive climb, now is the time to potentially think about longing GJ towards 195 with some TP along the way, JPYX Broke the low and is now retesting, in theory its time for GJ to rip again next week, as always manage your risk and trade safely, we believe in 100 trades not 1. Enjoy the weekend
GBPUSD 24/3/24GU chart here on the hourly timeframe i am looking at again 3 setup ideas all will a line with the higher timeframe analysis as we spoke about in the EU markup.
so overall we have a bearish shift into the higher timeframe bias alignment, i am looking for the following, a bearish shift to follow the current order flow on the hourly chart, this would lead us into the demand zone lower or we see a bullish run early on to lead us into the bearish supply zone highlighted above current price, mainly i don't expect it to shift bullish on the higher timeframe and think we will remind bearish for the start of this week at least. As always i stand open for price to either confirm or deny my idea and then we trade based off our rules being met!
have a great trading week guys and trade safe!
EurJpy at a level to watchHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Trend on the jpy crosses were mostly to the upside, pullback was seen on last thur,fri, currently lets see how the trendline and key support holds. will it propel it higher?
This is same for EJ.
UJ has a potential double tops.not confirmed yet though
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Gbpaud play the range on daily,h4 Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Likely just gonna play along with this range formed on higher timeframe.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
HelenP. I GBP can fall to support zone, where it turns aroundHi folks today I'm prepared for you British Pound analytics. A few moments ago, the price rebounded from support 1 and made a strong impulse down to the trend line, breaking support 2, which coincided with the support zone. Also then, GBP started to trades in a triangle, where it turned around from the trend line and in a short time rose to support 2, broke it, and continued to move up. Soon, the price reached support 1, but at once rebounded, and some time traded below this level until it reached the trend line, and then GBP made a fake breakout of this line, after which the price made impulse up, breaking support 1, which coincided with one more support zone. Then the price rose to 0.8600 points, after which turned around and started to decline, and at the moment, the British Pound trades near the support zone. For this reason, I expect that the EURGBP will decline to a support level, after which the price will turn around and start to move up. Therefore I set my target at the 0.8585 level. If you like my analytics you may support me with your like/comment ❤️
What do you see? #GBPAUDTake a look at the #GBPAUD chart. What do you see? As a trader, it's crucial to identify patterns and trends. My analysis shows potential for a bullish breakout after landing near the support level of 1.91750 . With potential targets at around 1.96500 . But what's your perspective? Let's talk.
British Pound can decline to buyer zone and then start to growHello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price some days ago reached the 1.2770 resistance level, which coincided with the seller zone and at once rebounded down to the support level, and when it fell to this level, the price declined lower, breaking the 1.2575 level. After this, the price turned around and started to rise in an upward channel, where GBP soon rose to the channel's resistance line, but a t once fell back to the buyer zone. In a short time, the price continued to rise in the channel and later it reached the resistance line again. Still, this time it exited from the upward channel, and rebounded from the support line to the resistance line, thereby breaking the 1.2770 level. After this movement, GBP turned around and in a short time declined to the 1.2770 level, broke it, and fell to the support line, but soon price rebounded and rose to the seller zone. Then GBP rebounded from this zone and declined lower resistance and support lines, thereby breaking them, and now the price trades near the support level. In my opinion, British Pound can fall to the buyer zone, after which it turns around and starts to move up, therefore I set my target at the 1.2665 level. Please share this idea with your friends and click Boost 🚀
GBP USD My analysis on GBP USD.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Set and forget.
Trade carefully,
This is not financial advice, DYOR.
GBP AUDMy analysis on GBP AUD, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Set and forget.
Trade carefully,
This is not financial advice, DYOR.
it's time to going down for GBPUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want, closed the position but our target is the third one)
*Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management*
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if you want to enter in this position:
Enter Price: 1.27294
Target1: 1.26955
Target2: 1.26717
Target3(Final Target): 1.26014
Stoploss: 1.27933
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GBP/NZD Long Trade IdeaConsidering the recent decline in the NZD, I am considering purchasing GBP/NZD on the rise. Following the breakout and retest of an inverse head & shoulders pattern, I plan to wait for a 50% retracement in the bullish trend before furthering my purchases in the upward direction.
GBPJPYGBPJPY is in an interesting position as we have had a Head and shoulders formation, we have since broken the neckline and we are now in theory retesting this level, now we have a risk of the neckline snapping, in this instance expect a flush to occur, if we see bullish momentum from here, we are likely going to go test the nearest major resistance at 195. Now with GJ being a carry trade, we also get positive swaps on our positioning! added bonus.