Bearish Pressure confirmedfinally seeing the Bearishness we've been looking for. I think it will continue from here. Might get a pull back for entry but I would not be surprised if it does not give it.
Gbp-usd
Could GBP/USD bounce from here?Price is currently at a support level, which is a pullback support level, and could reverse from this level to our take profit.
Entry: 1.25234
Why we like it:
There is a pullback support level
Stop loss: 1.24481
Why we like it:
There is a pullback support level
Take profit: 1.25932
Why we like it:
There is an overlap resistance level which aligns with the 38.2% 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/USD is rising into resistance; could it reverse?Price is rising towards a resistance level which is an overlap resistance level and could reverse from this level to our take profit
Entry: 1.26843
Why we like it:
There is an overlap resistance level
Stop loss: 1.28042
Why we like it:
There is a pullback resistance level
Take profit: 1.25387
Why we like it:
There is a pullback support 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.
HelenP. I British Pound will continue move up to trend lineHi folks today I'm prepared for you British Pound analytics. Some time ago price in a short time rose to the 1.2765 resistance level, which coincided with the resistance zone, and soon broke it, after which GBP rose to the trend line. Then the price turned around and started to decline in the downward channel, where the price declined lower the 1.2765 level, breaking it one more time and later falling to the channel's support line. Next, GBP tried to back up, but failed and made a fake breakout of the resistance level and at once made a strong impulse down to the support level, which coincided with the support zone. After this, the price bounced up from the 1.2575 level and some time traded near this level, but later it declined to the support zone, after which GBP a not long time ago rebounded and tried to rise to the trend line, but failed and declined back to the support level. For my mind, the British Pound will fall almost to the support level and then continue to rise to the trend line, therefore I set my target at 1.2680 points. If you like my analytics you may support me with your like/comment ❤️
Potential bearish reversalGBP/USD is rising towards an overlapping resistance zone, and a reversal from this level could indicate a double top pattern, which could lead the price to fall to our take profit target
Entry: 1.26850
Why we like it:
There is an overlap resistance level
Stop loss: 1.28042
Why we like it:
There is a pullback resistance level
Take profit: 1.25387
Why we like it:
There is a pullback support 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 7/4/23GU following our markups from way back at the start of this year, i am really liking the look of this markup along with its sister pair EU.
Overall breakdown of this pair is for the weekly chart to produce a new low... we got this last week, following that structure bring made we now have to put in our weekly high to follow down again into a new low which again will lead us straight into our overall bias which is for price to follow the down trend direction and hit the liquid sorted out our major low to the left.
Hourly chart gave us a shift higher breaking our last high as marked, showing us that we are most likely going to follow the bullish trend we created from that shift meaning we either go bullish to our POI above as marked or we hit our buyside origin and come down to put in a new hourly low to then carry price higher, either of these will work for us but i am more interested in the major sells to follow after this shift.
follow price action trade your plan and read what price is telling you!
GBPUSDGBPUSD Appears to still be in range, we have the chance to play the range back to 1.28 with stops under Yesterdays low or the swing low itself.
Could price be changing direction?As I watch the price action I am seeing a lot of fighting between the bears and bulls and we could see price change direction and go bullish on GU for a moment.
GBPUSD has a strong downside momentum, could it fall further?The price is rising towards an overlapping resistance and could reverse from this level towards our take profit target
Entry: 1.26919
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement and the Ichimoku Cloud
Stop loss: 1.28015
Why we like it:
There is a pullback resistance
Take profit: 1.25873
Why we like it:
There is an overlap support 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.
indecisive price action! take cautionPrice does not have a solid direction so we are monitoring to see how it reacts to news. Looking for monthly lows to be taken before a direction is given.
Potential bearish reversalPrice is rising towards a pullback and could reverse from this level to our take profit
Entry: 1.25940
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 1.26552
Why we like it:
There is a pullback resistance level
Take profit: 1.25270
Why we like it:
There is a pullback support
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.
Potential bullish bounceThe price is currently at a key support level and could bounce from this point to reach our take profit target
Entry: 1.35559
Why we like it:
There is an overlap support
Stop loss: 1.35158
Why we like it:
There is a pullback support
Take profit: 1.36139
Why we like it:
There is a swing high resistance
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.
Could GBPUSD bounce from here?Price is falling towards an overlap support level and could potentially bounce from this level to our take profit
Entry: 1.25057
Why we like it:
There is an overlap support level, that aligns with the 61.8% Fibonacci projection
Stop loss: 1.24503
Why we like it:
There is a pullback support level
Take profit: 1.25825
Why we like it:
There is a pullback resistance , that aligns with the 38.2% 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.
GBPUSD - Price can bounce up from support area to $1.2660Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊
Recently price entered a falling channel, where it soon declined to $1.2800 resistance level and broke it.
After this, GBP tried to back up, but when it entered to resistance area, price at once bounced and continued to decline in channel.
Soon, price reached support line and then bounced up to resistance level, after which turned around and fell back.
Then GBP exited from falling channel and started to trades in flat, where price at once made fake breakout of $1.2600 level.
Later price bounced from supprot area and rose to top part of flat, but in a short time fell back.
Now, British Pound trades near this area in flat, and I think price can fall to it and then bounce up to $1.2660
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Buy GBPUSD H4 Chart - ChannelGBPUSD Buyers Eyeing Opportunity :
The GBP/USD pair on the H4 timeframe presents a potentially bullish opportunity due to a price nearing a breakout from a well-defined channel pattern. This suggests a possible shift in momentum and a higher likelihood of an uptrend in the coming days.
Key Points:
Buy Entry: Consider entering a long position (buying) around the 1.2600 - 1.2570 zone. This zone represents an attractive entry point near the potential breakout level.
Target: The initial bullish target lies at 1.2820.
Stop-Loss:
To manage risk, place a stop-loss order below the lower support line of the channel, ideally around 1.2550. This helps limit potential losses if the price breaks down from the channel pattern and the downtrend resumes.
Thank you.
POTENTIAL TRADE SETUP ON GBPUSDHey Traders,
Check out this technical analysis on GBPUSD; it appears to be undergoing a small range pullback, potentially indicating a bullish momentum continuation.
However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
GBPUSD is approaching a key levelHey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.26450 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26450 resistance area.
Trade safe, Joe.
GBP/USD Analysis: Support Channel Breaks as Dollar Strengthens,GBP/USD Analysis: Support Channel Breaks as Dollar Strengthens, Retest of Demand Zone Imminent
The GBP/USD pair has experienced a significant shift in momentum as the support channel, marked by the crucial level of 1.28063, has been breached. This breach comes amidst a notable surge in the value of the US dollar, which has exerted downward pressure on the GBP pair.
Moreover, recent data indicates a pronounced strengthening of the dollar against various currencies, including the British pound. This strengthening has intensified the bearish sentiment surrounding the GBP/USD pair.
In light of these developments, market sentiment suggests that the GBP/USD pair is now poised for a retest of the demand zone, situated around the level of 1.25030. This zone represents a critical area of support where buying interest could potentially resurface, leading to a temporary halt or reversal of the downward movement.
Traders and investors are closely monitoring the price action around the demand zone for potential signs of bullish reversal or further downside continuation. Factors such as economic data releases, central bank statements, and geopolitical developments will likely play a crucial role in shaping the near-term trajectory of the GBP/USD pair.
Overall, the breach of the support channel coupled with the prevailing strength of the US dollar indicates a bearish outlook for the GBP/USD pair, with attention now turned towards the retest of the demand zone for potential trading opportunities.
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
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 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
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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.
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!
