Watch out for the ChopWe seen a lot of Chop this week. Looking like price is ready to turn full on bearish again but we need to wait for a new High to be made first. Might not get another move till the middle of next week. just have to be patient.
GBP (British Pound)
GBPAUD remains mixed and volatile.GBPAUD - 24h expiry
The medium term bias remains bearish.
The sequence for trading is lower lows and highs.
Bullish divergence is expected to support prices.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.9250.
We look to Sell at 1.9220 (stop at 1.9270)
Our profit targets will be 1.9100 and 1.9070
Resistance: 1.9150 / 1.9250 / 1.9310
Support: 1.9090 / 1.9060 / 1.9000
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 to see a temporary move higher?GBPUSD - 24h expiry
The primary trend remains bearish.
Price action looks to be forming a top.
Bearish divergence is expected to cap gains.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.2560.
We look to Sell at 1.2560 (stop at 1.2596)
Our profit targets will be 1.2470 and 1.2430
Resistance: 1.2560 / 1.2590 / 1.2630
Support: 1.2500 / 1.2460 / 1.2420
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.
GBPCAD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.72100 zone, GBPCAD was trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 1.72100 support and resistance area.
Trade safe, Joe.
HelenP. I British Pound can start to grow inside upward channelHi folks today I'm prepared for you British Pound analytics. If we look at the chart, we can see how the price a not long time ago declined to the support level, which is located inside the support zone, and in a short time later broke this level. After this, GBP continued to decline to the trend line, and when the price reached this line it turned around and started to rise inside the upward channel. Inside the channel, GBP broke the 1.2400 level again and later reached the channel's resistance line, after which rebounded and made a little correction. Then the price rose to the resistance level, which coincided with the resistance zone, and even entered to this area, but soon turned around and fell to the trend line, which is the support line of the channel also. Recently price rebounded from this line and rose to the 1.2545 level, but at once rebounded and started to decline. For my mind, British Pound will fall to the support line of the channel and then start to grow to a resistance level. When GBP reaches this level, the price can break it, make retest, and continue to move up, therefore I set my target at 1.2615 points. If you like my analytics you may support me with your like/comment ❤️
Sell GBPCHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.1500 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
1.1430: This represents the first level of support within the channel.
1.1395: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.1515. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Falling towards 50% Fibonacci retracement support?GBP/NZD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2.10558
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Stop loss: 2.09520
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 2.12615
Why we like it:
There is a pullback resistance level
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. Levels for intraday trading 1.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP.
Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1.
Don’t forget to like Rocket and Subscribe!!!
GBPCHF 1H Long Trade - 1:3 RRRTP: 1.15541
SL: 1.14000
In this trading strategy, we present a compelling opportunity for a long position on the GBPCHF currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3.
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
GBPCHF to find a top?GBPCHF - 24h expiry
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Preferred trade is to sell into rallies.
We look for a temporary move higher. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We look to Sell at 1.1505 (stop at 1.1545)
Our profit targets will be 1.1405 and 1.1385
Resistance: 1.1580 / 1.1675 / 1.1820
Support: 1.1370 / 1.1300 / 1.1155
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.
GBPCHF Short Trade Setup A #short trade opportunity recently presented itself on the #poundswissy (#GBPCHF) #trading chart 📉.
This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern on the 1.14873 horizontal resistance level (the bodies of the candles are actually below the level).
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.12000 psychological level and possibly testing the strength of the 1.11665 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
Could price reverse from here?GBP/CAD is rising towards a resistance level which is a multi swing high resistance that aligns with the 78.6% Fibonacci projection and could reverse from this level to our take profit.
Entry: 1.72265
Why we like it:
There is a multi swing high resistance level which aligns with the 78.6% Fibonacci projection.
Stop loss: 1.72877
Why we like it:
There is a pullback resistance level which aligns with the 100% Fibonacci projection.
Take profit: 1.71297
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
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.
GBP/JPY: Race back to 200.000? On Monday, the yen dropped to 160.000 per dollar, marking its lowest level since 1990, before rebounding more than 3% to 154.5 per dollar. This rebound was suspected to be the result of intervention by Japanese authorities.
According to reports from Bloomberg, the Bank of Japan (BoJ) likely injected ¥5.5 trillion into the currency markets after discrepancies were noted in the BoJ's operations report on Tuesday, where market forecasts didn't align with reported current account figures.
Both the GBP/JPY and USD/JPY pairs are gradually recovering on the charts. The USD/JPY is testing levels above 157.500, while the GBP/JPY is eyeing 197.00.
Both pairs could keep on advancing if the forthcoming US data continues to surprise. Notably, the Fed taking a hawkish tone after its FOMC decision on Wednesday and jobs data due on Friday.
The GBP/JPY's recent peak at 200.60 remains a key target for traders despite potential intervention by the BoJ.
Looking forward, market sentiment could appear bullish, with attention focused on key levels such as the 193.600 resistance-turned-support and the 10-day SMA.
GBPCHF - Detailed Video Analysis Around Resistance📈📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📚 As long as the resistance holds, we will be looking for sell setups on 1H.
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
