GU is bearish for now looks like...Waiting for a sale position to show up. The dollar is showing strength and not slowing up for now. just be patient for the right position.
Gbp-usd
GBPUSD H8 - Long Signal 1.30 HANDLE GBPUSD H8
We broke slightly south of our 1.30 handle and psychological price late last week, that being said, it was fairly minor, merely just 30 points. We have now adjusted our entry price and SL positioning in the case this setup wants to attempt to break higher. We have an attractive area of support and demand, mixed with the previously mentioned confluences.
Not a great deal of data out today, so maybe it’s worth monitoring these trading zones and prices and waiting until the volume really starts to drive in. DXY approaching that 104.000 number, this is where we would expect rejections and therefore GBPUSD to climb higher, but in the interim, this may lead GPBUSD to trade south of 1.30 again in the short term. Let’s see what unfolds, but this is certainly on the watchlist this week.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.30650 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.30650 support and resistance area.
Trade safe, Joe.
Could the Cable rise from here?The price has reacted off the resistance level which is a pullback resistance and could potentially rise from this level to our take profit.
Entry: 1.3033
Why we like it:
There is a pullback resistance level.
Stop loss: 1.2981
Why we like it:
There is a pullback support level.
Take profit: 1.3146
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
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Could the Cable rise from here?The price is reacting off the pivot and could rise to the 61.8% Fibonacci resistance which acts as a pullback resistance.
Pivot: 1.3034
1st Support: 1.2977
1st Resistance: 1.3103
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 BUY TO $1.3200 (UPDATE)GBPUSD is still holding bullish as expected. We saw a deeper Wave V move happen, breaking below the previous Wave 4 low which I did say could happen. In turn sellers also broke structure to the downside, meaning in the future GBPUSD should move lower, but after a retracement first.
Wave 1 (5 Sub-Waves) complete. Now time for a move up towards Wave 2!
GU Closing out the week likely with a Rotational moveWe might get a little movement tonight for London session but I doubt it will be much. We had a big move yesterday and since its now friday I'm expecting price to move rotational in some form of consolidation.
Pullback resistance ahead for the Cable?The price is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 1.3033
Why we like it:
There is a pullback resistance level.
Stop loss: 1.3080
Why we like it:
There is an overlap resistance level that lines up with th23.6% Fibonacci retracement.
Take profit: 1.2940
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
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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.
GU with the Pressure!! Price moved EXTRA bearish last night. So its likely it will continue. Just about finding where to get in at. looking for a retrace during London which should lead to a sell entry for NY session.
GBPUSD has flattened the decline. Potential rebound ahead.GBPUSD is trading inside a Bullish Megaphone since the April 22nd low.
Typically it bottoms after the price crosses under the MA50 (1d), which it did last week.
Even though the bottom of the Megaphone is a bit lower, R/R suggests that those are solid buy entry levels.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.3670 (the 1.618 Fibonacci extension, where all 3 previous Highs were priced).
Tips:
1. The RSI (1d) has flattened and its MA trend line is approaching. A crossing will confirm the bullish signal.
Please like, follow and comment!!
GBPUSD BUY TO $1.3200 (UPDATE)Since my update on GU since last night, price action has moved as I called it! Price has broken above the trendline, with a strong 4H bullish candle. Further indication that market is now in a bullish structure.
Wave 1 (5 Sub-Waves) complete. Now time for a move up towards Wave 2!
Sell GBP/USD Bearish ChannelThe GBP/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent downward Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.3062. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2988
2nd Support – 1.2960
Stop-Loss: To manage risk, place a stop-loss order above 1.3090. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Today High Impact News :
GBP - GDP, Trade Balance
EUR - German CPI
USD - PPI
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Can we get some moves this week on GU?We had a tight consolidation last week. This week I'm thinking we can get some better moves.
GBPUSD BUY TO $1.3200Short term buying opportunity on GBPUSD from CMP (Current Market Price), or after a break below the previous Wave 4 low ($1.30).
⭕️5 Wave Bullish Move Complete on HTF.
⭕️Bearish Wave 1 (5 Sub-Waves) Complete.
⭕️Waiting On Wave 2 (3 Sub-Wave A,B,C) Move.
Bullish reversal?GBP/USD is falling towards the support level which is an overlap support and a breakout from this level could lead the price to drop to our take profit.
Entry: 1.3019
Why we like it:
There is an overlap support.
Stop loss: 1.3113
Why we like it:
There is a pullback resistance that aligns with the 23.6% Fibonacci retracement.
Take profit: 1.2940
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
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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.
Sell GBP/USD Triangle Breakout 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 1.3055
Target Levels:
1st Support – 1.2988
2nd Support – 1.2960
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Rotational price action all week! All week we have been in consolidation. yesterday we had a break to the downside but it failed to continue and starting to revert back to the consolidation zone. Maybe we can end up getting a break out from this zone to the upside to close out the week...
Bullish reversal?GBP/USD is falling towards the support level which is an overlap support that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.3031
Why we like it:
There is an overlap support that is slightly below the 50% Fibonacci retracement.
Stop loss: 1.2940
Why we like it:
There is an overlap support level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 1.3159
Why we like it:
There is an overlap resistance level that is slightly above the 23.6% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
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 reversal?The Cable (GBP/USD) is falling towards the pivot which acts as an overlap support and could reverse to the 23.6% Fibonacci resistance.
Pivot: 1.3032
1st Support: 1.2947
1st resistance: 1.3152
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.
GU waiting for a break outif we can get a breakout to either direction we can get some indication on where price wants to go next. I'm expecting bullishness but sitting on hands and waiting for London session before calling it.
Bullish reversal off major overlap support?GBP/USD is falling towards the support level which is an overlap support that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.3031
Why we like it:
There is an overlap support level that is slightly below the 50% Fibonacci retracement.
Stop loss: 1.2940
Why we like it:
There is a pullback support that is slightly below the 61.8% Fibonacci retracement.
Take profit: 1.3159
Why we like it:
There is an overlap resistance level that is slightly above the 23.6% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
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.
GU is looking to make a high for the weekSo we are bullish for now on GU Looking for it to break the previous weeks high before continuing bearish. If price can not break below the previous daily level and hold I'm looking for the push up for a better sale opportunity.
Cross Roads for the CableOn the Weekly, we see that the market is in a Bullish swing. After prices rallied to form the high, it has begun the bearish retracement, dipping towards the reversal zones which are refined from the existing PB of the Weekly.
This narrative above is also the same for the Daily chart. On the Daily, not only dow e see a chart that is bullish and now retracing bearish into the refined zone, but we can notice that at this time, price is well inside the zone, and even threatening to break bearish and breach the zone.
Now my analysis:
I expect the Daily reversal zone to hold. Where that happens, we expect to see prices go all the way up to hit Daily liquidity target and at the same time give us an extension of the current bullish swing on both the Daily and Weekly charts. If it does go this way, we will pull our our panzy pips trading system and begin to catch trades on the extension rally.
On the other hand, in the unlikely event that our daily zone fails, we will expect to see prices retrace deeper and dip lower towards the weekly reversal zone, from where we will watch out for reversals inside that zone. The rally will be expected to begin from there, and from there drive prices all the way up towards the Weekly liquidy target. This is gonna be one hell of a rally, so y'all better be ready to cath some great deal of profit off of that rally.
As usual, we will look to trade that rally applying our same trad entry systems unique to panzy pips traders.
See you at the top of that cliff guys ...
