Trading the Inflation Sandwich: What to Watch? US CPI inflation (Consumer Price Index). The CPI report is expected to confirm a continuation of the disinflationary trend observed in recent months. Analysts predict the annual inflation rate to edge down to 2.9%, while the core inflation rate is likely to decelerate to 3.2%. This ongoing cooling of inflation...
THIS IS MY SETUP FOR GBP USD I use Fibonacci to get these extreme points and my preferred one is 80% retracement, with a risk-reward of 1:4, but this time I'm using 75% retracement. Trade carefully This is not financial advice, DYOR.
Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into...
Really nothing much to say on this one as chart explains itself. Would be looking forward to economic impact over the weekend heading into next week for caution. Thoughts?
The GBPCAD pair broke this week below its 1D MA50 (blue trend-line) and is (including today) on a 2 day green streak. However this is technically not convincing for us to buy as despite holding the Internal Higher Lows trend-line, it is the 1D MA200 (orange trend-line) that has confirmed the major Higher Lows (bottoms) of the 11-month Channel Up. In fact, it was...
Hey Traders, Today, we’re focusing on GBP/USD for a potential selling opportunity around the 1.27600 zone. The pair is currently in a downtrend and is undergoing a correction phase, approaching this critical support and resistance area. The British Pound faces significant pressure due to a dovish stance from the Bank of England, which has signaled a more...
GBPUSD – technical overview Signs have emerged of the market wanting to put in a longer-term base after collapsing to a record low in September 2022. The door is now open for the next major upside extension towards the 2023 high at 1.3143. Any setbacks should be well supported ahead of 1.2500. R2 1.2861 – 12 June high – Strong R1 1.2800 – Figure – Medium ...
GBPJPY Analyse The price will consolidate between 188.290 and 186.378 till breaking. there is two scenarios after breaking the pivot zone Bearish Scenario: stability under 186.378 by closing 4h canlde will supporr falling to get 184.120 and 182.450 then should stabilize under it to get a next bearish station 177.930 Bullish Scenario: the price should break...
Based on this trading indicator attached to the chart - the GBPUSD looks like it is ready to move downwards in the next few days + weeks towards the next support levels. This is a great selling opportunity with profitable potential!
GBP/AUD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 1.93444 1st Support: 1.91604 1st Resistance: 1.95355 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...
GBPAUD - 24h expiry The primary trend remains bullish. A lower correction is expected. Price action has formed an expanding wedge formation. Preferred trade is to buy on dips. Bespoke support is located at 1.9475. We look to Buy at 1.9475 (stop at 1.9395) Our profit targets will be 1.9675 and 1.9715 Resistance: 1.9625 / 1.9690 / 1.9760 Support: 1.9475 /...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85800 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85800 support and resistance area. We would also consider the current dovish stance from the Bank of England, that should trigger further GBP...
The GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around...
Simple long trade idea here. There is equal highs above. I have my signature R2F gap on the 1h for a long POI. When I saw price, it had just tagged into it, so I market bought in with a stop below the low. Yup, It is pretty simple. Let's see how it plays out =) - R2F
The Cable is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support level that acts as pullback support. Pivot: 1.2827 1st Support: 1.2721 1st Resistance: 1.2885 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
As anticipated, the EUR/GBP currency pair has found support around the 0.8400 level, aligning with our previous forecasts. This area has proven to be a strong demand zone, where buyers seem poised to initiate a retracement, potentially driving the price higher. Currently, the EUR/GBP pair remains within a consolidation phase. However, market sentiment indicates...
GBP/NZD has reversed off the support level which is a pullback support that is slightly below the 38.2% Fibonacci retracement and could rise to ur take profit. Entry: 2.1347 Why we like it: There is a pullback support level which is slightly below the 38.2% Fibonacci retracement. Stop loss: 2.1220 Why we like it: A pullback support level lines up with the 50%...
Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.28400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 128400 support and resistance area. Trade safe, Joe.