Technical Tuesday 11/21/23Safe to say I'm simply using technical on the move made by gold. I typically look to trade the inverse of Gold when the move happened before I cold catch it. ( not 100% fool proof)
D-GBP
Can News give us a Entry?Everything lines up for a great sell opp. But I need to see a nice pull back for entry and a high made mid week in order for me to be interested in selling. Im watching orderflow and all is lining up so far. Will wait for news before pulling trigger.
GBPUSD SHORTS A falling flag was projected on Gbpusd by me and I was expecting a fall, which it did earlier today, my expectation for it today is for this pair to retrace to the 50 EMA and my resistance zone and sell to my 200EMA of 1.26564.
GBPAUD_2HAnalysis of the British pound against the Australian dollar currency pair The market is in 5 ascending waves, and by completing the 5th wave, the ability to correct downwards will be provided Resistance range 1.91550 and 1.92000 The important number is 1.90300 Main support 1.88500
They giving Confirmation to a Flip to bearish trend on GBPUSDThis is a moment I've been waiting for. As I have been monitoring GU On the Yearly chart looks like price spent all of 2023 Retracing and 2024 will be a very Bearish year. So we are starting off the year right getting in to move with the trend!
Buy GBPCAD Triangle PatternFactors Strengthening GBP:
Hawkish BoE: Recent hawkish comments from Bank of England (BoE) officials regarding potential interest rate hikes to combat inflation have bolstered the Pound. This has increased its attractiveness compared to the Canadian Dollar.
Optimism on UK economy: Despite ongoing Brexit negotiations, positive economic data releases like higher-than-expected GDP growth and retail sales figures paint a picture of a resilient UK economy. This fuels investor confidence in the Pound.
Price breaks the Pattern now, its good chance to buy now.
Thank you.
GBPUSDUntil price continue holds the 1.2720 level, i would be looking for buying opportunities on intraday timeframes, or if price come to 1.2795 major support level and shows the depletion in bullish momentum, i would be looking for Sell opportunities on intraday timeframes
GBPAUD:Bearish stocks and potential AUD weaknessHey Traders, in tomorrow's trading session we are monitoring GBPAUD for a buying opportunity around 1.89900 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.89900 zone.
Adding a fundamental layer to our analysis, the recent Consumer Price Index (CPI) figures could play a pivotal role in the market dynamics. Notably, the strong CPI could lead to a strengthening of the US dollar. While a robust dollar might be viewed positively in some contexts, in the realm of stocks, it could have adverse effects. A strong dollar is generally perceived as negative for stocks, as it can impact corporate profits, leading to a potential bearish sentiment in equities.
Traders should be vigilant about these interconnected factors, understanding the broader market dynamics and the implications of fundamental releases on correlated assets. As always, trade safe and stay informed about the evolving market conditions.
Remember I mentioned about GbpAud last week, now what?Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Last week I was mentioning that I was looking at GbpAud since its at a key area of resistance...I mentioned in my video to be open to it breaking up as well..So it did, so far, pullbacks should be to enter on long.
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.
*********************************************************************
Reviewing GU from a Swing perspectiveWe are now 2 weeks in on the new year and as the major players come back in to the market it looks like they spent the first 2 weeks of the year accumulating orders to go bearish. As we come into the new week we are looking for more signs that price wants to go bearish now.
GBPCHF Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring GBPCHF for a buying opportunity around 1.08400 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08400 support and resistance area.
Trade safe, Joe.
GBPUSD → A technically weak dollar will strengthen the pair FX:GBPUSD continues to form consolidation in the ascending triangle format. Bulls are gaining strength and trying to break through the resistance zone 1.2780 - 1.2800.
The currency pair is in a global uptrend and according to a number of prerequisites this direction may continue.
If we pay attention to the TVC:DXY , we can see that the index does not react to bullish news at all and apparently due to the overheated condition the index is ready to decline. In this case, this maneuver will be favorable for the pound sterling, which can strengthen the pair.
On the chart we see an ascending channel and a pre-failure consolidation in the format of an ascending triangle. The resistance 1.2780 - 1.2800 plays a key role. Breakout of this zone and price consolidation above the level will form a bullish potential, which will confirm the breakout of the level.
Support levels: 1.2715, 1.2615
Resistance levels: 1.2780, 1.2888
I expect a breakout of resistance under the pressure of buyers on the limit resistance zone.
Regards R. Linda!
XAUUSD BuyBuying Gold due to the failed close below 2016. I predicted 2012 last week, but to see this I'd anticipate good confirmation. This has not happened yet, CPI has dropped gold over 150 pips, now im expecting a clear push back to 2025+ area.
Ive entered at 2016.54, targeting 2029.54 and my stop is set at 2013.54. Gives me a 1:4.33 R/R 1%Risk
Entered at the low end of a 4Hr OB, which I'd like price to close above.
Not to much more analysis here, kept it simple, still using @nephew_sam_ FVG indictor so testing this on my funded account.
Buy GBPJPY Bullish ChannelGBP/JPY - Bullish Channel formation in M30 Chart
UK - GDP, Industrial Production, Manufacturing Production and Trade Balance in Next 40 Mins
Thank you
BUY GBPUSD H4 ChannelCentral Bank Meetings:
Bank of England Monetary Policy Committee (MPC): This takes center stage on Wednesday, January 10th. A 50 basis point (bps) rate hike is widely anticipated, but the market will be looking for any hints about the future trajectory of rates. A more aggressive tightening path could strengthen the pound against the dollar.
Economic Data:
US Non-Farm Payrolls (NFP): Released on Friday, January 6th, a strong jobs number could strengthen the dollar and weigh on GBP/USD. Conversely, a weak reading could have the opposite effect. 400,000 new jobs are expected, which would be positive for the US economy.
UK GDP: The Gross Domestic Product (GDP) data for December on January 10th. Consistent economic growth could support the pound, while a slowdown could weaken it. The market expects a 0.3% month-over-month increase.
Weekly Forecast (Jan 8 to Jan 12) :
GBP/USD - H4 Chart - Channel Formation
Always wait for strong Conformation in Short term for entry. 👈👈👈
If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚
“Markets are never wrong, but opinions often are.”-Jesse Livermore
Good Luck💛💛
Break it on down!Now that we have a break of last weeks high I feel that GU is ready to change direction in the trend and flip to bearish. As we finish out Asian range I'm looking for signs that it wants to flip.
