GBP/NZD Rounded Top (06.03.25)The GBP/NZD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Rounded Top Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 2.2362
2nd Support – 2.2266
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GBP (British Pound)
GBP/CHF Wedge Breakout (05.3.25)The GBP/CHF pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 1.1458
2nd Resistance – 1.1504
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Bearish drop off pullback resistance?GBP/USD has reacted off the resistance level which is a pullback resistance that lines up with the 100% Fibonacci projection and could drop from this level to our take profit.
Entry: 1.2921
Why we like it:
There is a pullback resistance that lines up with the 100% Fibonacci projection.
Stop loss: 1.2992
Why we like it:
There is a pullback resistance level.
Take profit: 1.2812
Why we like it:
There is a pullback support that is slightly above the 38.2% Fibonacci retracement.
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Bullish continuation?The Cable (GBP/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 1.2801
1st Support: 1.2688
1st Resistance: 1.2990
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 all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPUSD: Entered a volatility zone. Sell every spike is best.GBPUSD has turned overbought on its 1D technical outlook (RSI = 71.324, MACD = 0.009, ADX = 38.352) as it just hit the 0.618 Fibonacci retracement level of the September 2024 High. In the meantime, it has crossed over the 1D MA200. With the 1D RSI overbought, the last time this set of conditions emerged was on November 29th 2023. The pair then entered a 3 month period of high volatility and sideways trading before it declined to the 0.236 Fib. The long term trade is short, TP = 1.2500.
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GBP_CHF SWING LONG|
✅GBP_CHF made a bullish
Breakout of the key horizontal
Level of 1.1400 and the breakout
Is confirmed so we are bullish
Biased and we will be expecting
A further move up and a retest
Of the horizontal resistance
Above around 1.1606
LONG🚀
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GBPUSD - Dollar’s view on jobs data!The GBPUSD pair is above the EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. In case of a downward correction, the pair can be sold to narrow it.
Last week ended with an unexpected shock for economists: estimates pointed to a significant trade imbalance in the United States for January, primarily driven by a sharp surge in imports. The data indicated that U.S. businesses had made extensive efforts to ramp up foreign purchases ahead of the imposition of new tariffs. Economic analysts expressed concerns that this trend could negatively impact U.S. GDP growth in the first quarter of 2025, as increased imports are typically subtracted from gross domestic product calculations.
However, Goldman Sachs experts presented a different perspective. They argue that the unexpected surge in imports was mainly due to an influx of gold bars into the U.S.—a trend that reflects the dynamics of the global precious metals market and the price disparity between gold in London and New York.
According to data cited by Goldman Sachs, the U.S. imported approximately $25 billion worth of gold in January, meaning that a substantial portion of the commodity trade deficit was driven by gold transactions. Since gold is generally considered a financial asset, these imports are not factored into GDP calculations.
As a result, the actual economic impact of this growing trade deficit may be significantly lower than initially perceived.
Currently, financial markets anticipate a 77-basis-point rate cut by the Federal Reserve this year. However, this expectation largely hinges on the trajectory of inflation. At the same time, uncertainty surrounding tariff policies remains high.
A new report from the New York Federal Reserve indicates that inflation expectations among businesses have risen. According to the report, projected inflation for the next year has increased from 3% to 3.5% among manufacturing firms and from 3% to 4% among service-based companies. Additionally, many businesses foresee a significant rise in operational costs in 2025.
Meanwhile, market pricing suggests that traders no longer expect the Bank of England to implement two rate cuts this year. Taylor, a member of the central bank, stated that every policy meeting carries great importance. He noted that the output gap—the difference between actual and potential production—may be larger than previous Bank of England estimates. Taylor emphasized that monetary policies should gradually return to normal and that a cautious approach is necessary when dealing with multiple price shocks.
Furthermore, Andrew Bailey, Governor of the Bank of England, stressed that the economic outlook remains uncertain, with risks moving in both directions. He stated that while inflation is expected to rise, it will not resemble the severe inflationary periods of recent years. According to Bailey, decisions on rate cuts will depend on inflation trends, which have so far remained within an acceptable range. He also noted that the likelihood of second-round inflationary effects—where slowing economic growth leads to renewed price pressures—has diminished.
Bullish continuation?GBP/AUD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 2.0243
1st Support: 2.0099
1st Resistance: 2.0507
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 all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBP/USD Bullish Breakout AnalysisThe GBP/USD currency pair has successfully broken above a key bullish trendline, signaling potential further upside momentum. This breakout suggests that buyers are gaining control, and the pair could continue its upward movement toward the next resistance levels.
Current Market Structure & Key Levels:
Breakout Confirmation: The pair has breached the bullish trendline resistance, indicating renewed bullish strength.
Immediate Resistance: The price is currently facing a strong resistance level at 1.28120. This level is critical as it could act as a temporary hurdle before further upside movement.
Break & Continuation: If GBP/USD successfully breaks and holds above 1.28120, we can expect bullish continuation toward the next upside targets at 1.28700 and 1.29650.
Support Levels: In case of a retracement, the pair might find support at the previously broken trendline, which could now act as a demand zone.
Technical Outlook:
Momentum Shift: The breakout of the trendline suggests a shift in momentum favoring buyers.
Volume Confirmation: If the breakout is accompanied by increasing trading volume, it will further strengthen the bullish bias.
Fundamental Factors: Any economic data releases related to GBP or USD, as well as central bank decisions, could influence price action and confirm or invalidate the breakout.
Trading Plan:
A confirmed break and retest of 1.28120 could provide a good buying opportunity with upside targets of 1.28700 and 1.29650.
A failure to break this resistance may result in a temporary pullback before another attempt at a breakout.
Traders should monitor price action, volume, and potential news catalysts to validate the breakout for further bullish continuation.
GBPCHF - breakout, pullback setupGoing long GBPCHF - breakout /retest setup.
Small position size to start, will add more positions if this works out.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
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GBPCHF Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for GBPCHF is below:
The price is coiling around a solid key level - 1.1403
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.1366
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
SHORT - SELL EUR/GBP 1HSHORT - SELL EUR/GBP 1H
Hi, my name is Andrea Russo and I am a Professional Trader specializing in Forex. The EUR/GBP pair has been in a recent downtrend. The decision to sell on an hourly chart (1H) is supported by technical indicators that suggest a continuation of the selling pressure.
Entry Point
Entry Level: 0.83367 This level represents a previous resistance zone that could now act as a starting point for a new bearish wave.
Stop Loss (SL)
SL Level: -0.26 Placing the Stop Loss at this level protects the position in case of unexpected market movements. It is always important to manage risk to avoid excessive losses.
Take Profit (TP)
TP Level: +0.78 The Take Profit was set based on technical analysis and price movement expectations. This level represents a significant profit potential if the price follows the expected direction.
Indicators Used
Alligator: This indicator, composed of three moving averages (lips, teeth and jaw), helps identify trends and consolidation phases. In this case, the moving averages indicate a probable bearish movement.
Wavetrend: Used to detect changes in momentum. A sell signal has been triggered, reinforcing the idea of an impending downtrend.
RSI (Relative Strength Index): This relative strength indicator is useful for identifying overbought or oversold conditions. A high RSI value suggests that the price is in the overbought area, thus favoring a short position.
Trading Strategy
Confirm the trend with the above-mentioned indicators.
Wait for a reversal pattern to form or confirmation of continuation.
Constantly monitor the market for any reversal signals or fundamental news that could affect the EUR/GBP pair.
Adjust the SL and TP levels based on the market movement and volatility.
Conclusions Selling EUR/GBP at 0.83367 with a Stop Loss at -0.26 and a Take Profit at +0.78 is a thoughtful strategy based on current technical analysis. It is essential to follow a rigorous discipline and adapt quickly to market changes to maximize the chances of success.
Andrea Russo
GBPUSD BUY 📊 Technical Analysis & Entry Signal 💹
🔍 The chart shows a strong uptrend where the price has broken a key resistance level and is now pulling back to retest it. As highlighted in the analysis, it's crucial to wait for a complete pullback and confirmation before entering a trade.
📈 Entry Signal:
✅ Entry: After pullback confirmation around 1.27570
🎯 Targets:
First Target: 1.27952
Second Target: 1.28269
Third Target: 1.28645
🛑 Stop Loss: 1.27414 (Risk management is essential)
📝 Important Note: Always manage your risk and avoid entering without confirmation. 📉
Potential bearish reversal?GBP/USD is rising towards the resistance level which is a pullback resistance that aligns with the 138.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.2793
Why we like it:
There is a pullback resistance level that aligns with the 138.2% Fibonacci extension.
Stop loss: 1.2863
Why we like it:
There is a pullback resistance that aligns with the 78.6% Fibonacci projection.
Take profit: 1.2674
Why we like it:
There is an overlap support level.
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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 Potential DownsidesHey traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.27400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.27400 support and resistance area.
Trade safe, Joe.
Long Opportunity on GBP/CHF 1H
Hello, I am professional trader Andrea Russo
Today, I want to share with you an interesting opportunity I've identified in the forex market. Specifically, I'm looking at the 1-hour (1H) candlestick chart for the GBP/CHF pair, and I believe there is a great chance to go long.
Technical Analysis
In recent days, GBP/CHF has shown signs of consolidation with strong support around the 1.2100 level. After repeatedly testing this level, I see signals of a potential trend reversal. Here are the key points of my analysis:
Support: As mentioned, the 1.2100 level has provided solid support, repeatedly rejecting attempts to break through.
Resistance: The short-term resistance level is around 1.2200. Breaking through this level could provide further upward momentum.
Technical Indicators: The RSI indicator is moving away from the oversold zone, indicating a potential upward reversal. The MACD indicator is also showing signs of bullish convergence.
Trading Strategy
My strategy for going long on GBP/CHF is based on the following points:
Entry: I will enter at the price level of 1.1332.
Take Profit (TP): My take profit is set at 0.66% above the entry level.
Stop Loss (SL): My stop loss is set at -0.22% below the entry level.
Conclusion
In conclusion, the 1-hour candlestick chart on GBP/CHF is showing promising signals for a long trading opportunity. I will closely monitor the market and execute my strategy at the opportune moment. Always remember to manage risk and conduct your own research before making any trading decisions.
GBPCHF Set To Fall! SELL!
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1403 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1347
Safe Stop Loss - 1.1433
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Bearish drop off pullback resistance?GBP/CHF has reacted off the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.1402
1st Support: 1.1320
1st Resistance: 1.1459
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 all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop off pullback resistance?EUR/GBP is reacting off the pivot which has been identified as a pullback resistance and could drop to the pullback support.
Pivot: 0.8265
1st Support: 0.8224
1st Resistance: 0.8292
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 all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.