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GBPCAD - Overbought Zone AheadHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPCAD has been overall bullish from a long-term perspective, trading within the rising channel in red. Currently, GBPCAD is approaching the upper bound of the channel. Moreover, it is also approaching the upper bound of the medium-term channel marked in blue. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red/blue trendlines acting as non-horizontal resistance. 📚 As per my trading style: As #GBPCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
Could EUR/GBP drop from here?The price is rising towards the pivot which acts as a pullback resistance and could potentially drop to the 1st support. Pivot: 0.84037 1st Support: 0.83687 1st Resistance: 0.84306 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.
Short
by ICmarkets
EURGBP Double ScenrioHello traders Regarding the daily chart we are in a bearish channel, a upward reaction to the bottom of the chart was seen however 0.8490 was a strong zone that coincide with middle of channel and make prices lower!! Mid term channel is bullish and we are around bottom of the channel, ready tp goes higher! Regarding the current chart while the general trend is bearish we are bullish again! ready to jump up from bottom of the channel Overall chance of rise is a little more Bullish scenario will be activated after breaking the purple line Bearish scenario will be activated after breaking the zone Bulls powers: bottom of all three channel, reaction to the recent zone and bullish mid-term channel Bears powers: short-term and long-term channels are bullish and we see a strong reaction to the long-term channel.
Long
by AliSignals
2
GBPAUD Hit our previous target, now sets course for 1.87250.The GBPAUD pair is trading almost exactly as we expected it to on our most recent analysis (June 04, see chart below), as after an initial rise, it got rejected on the Lower Highs Zone and declined to hit the 1.89100 Support (which was our Target) again: It is at the moment on a rebound, which according to the October - November 2023 fractal that we believe is replicating, should be the last before a final test on the 1-year Higher Lows trend-line. As a result, we will sell again after a 1D MA200 (orange trend-line) test, and target 1.87250 (Higher Lows trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EurGbp will be bearish bias. Should be pullback to shortHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
EURGBP: GBP's news was good!Hello Traders, This is the long-term bearish channel of the pair: Reaction to the gap and middle of long-term channel is clear in the above chart. Let's search for TP! This is a Strong Resistance I think it might be a good target Let's take a look to the news! Most important one which is GDP was a surprise for Pound, bearish for the pair. Monthly industrial production was supposed to rise from -0.9% to 0.3% but it stopped at 0.2%. It has been considered to be bad for GBP! I think it's almost nothing compared to GDP news. All other important factors were positive too, Only trade balance which I think again less important than others. Technically and Fundamentally I'm short!! I'll enter after Order flow or LTF structure confirmation. 1st TP: (For short term-traders with lower SL) Daily Pivot 2nd TP: Support line and middle of short-term channel 3rd TP: Bottom of both channel
Short
by AliSignals
GBPUSD Outlook: Upside Potential and Critical Support LevelsGBPUSD – 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 1.2000. R2 1.2894 – 8 March/2024 high – Strong R1 1.2861 – 12 June high – Medium S1 1.2740 – 4 July low – Medium S2 1.2668 – 3 July low – Medium GBPUSD – fundamental overview The Pound slumped on Tuesday after retailers reported slower sales. Meanwhile, the Labour government's immediate push for an increase in the minimum wage was also seen steepening the Gilt curve. Absence of first tier data on Wednesday’s calendar will leave the focus on another round of Fed Chair testimony and some Fed speak. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
Gbp/Usd (Wedge) Intraday Analysis The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge 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 1.2806, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2763 2nd Support – 1.2735 Stop-Loss: To manage risk, place a stop-loss order above 1.2850. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
11
Potential price rise?EUR/GBP has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance. Pivot: 0.84350 1st Support: 0.84130 1st Resistance: 0.84752 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.
Long
by ICmarkets
Is It End Road for the BEARS...?Hey Guys! On the larger timeframe of the Monthly, Weekly and Daily, we see this market is bearish. Over the past few days leading into weeks, we have seen the market gravitate to the north to reach higher prices. We are tempted to believe that all of that bullishness was to drive the market into our expected bullish reversal zone. Market price is currently inside our Daily zone. We are looking to see reversals. Where that happens, we will look to trade bearish. In the unlikely event that the market breaks our zone and clears our protected high, we will deem come to the conclusion that the bearish of the daily chart is over, and we will look to trade Bullish on the Daily. Until then, we will hold on to our bearish perspective.
by PanzyPips
GBPUSD H8 - Sell SignalGBPUSD H8 Converse to AUDUSD analysis above. We also have the likes of GBPUSD here in front of us, where we have seen a rejection from 1.28500 price, a half number acting as resistance. If we look to the left on this chart, on June 12, you'll notice and aggressive selloff. This formed an attractive area of supply. We have a few confluence in and around this 1.28500 price, so it's certainly a zone to keep an eye on for USD strength resumption. A double top on 1.28500 could be a great sell signal.
Short
by Trade_Simple_FX
Could price bounce from here?GBP/CAD is falling towards a support level which is a pullback support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.7413 Why we like it: There is a pullback support level that is slightly above the 50% Fibonacci retracement. Stop loss: 1.7339 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 1.7512 Why we like it: There is an overlap 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.
Long
by VantageMarkets
GBPAUD to remain mixed and volatile?GBPAUD - 24h expiry The primary trend remains bearish. Intraday signals are mixed. A higher correction is expected. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9070. We look to Sell at 1.9070 (stop at 1.9102) Our profit targets will be 1.8925 and 1.8905 Resistance: 1.9070 / 1.9100 / 1.9150 Support: 1.9010 / 1.8960 / 1.8910 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.
Short
by OANDA
Are We Bearish on the 4 Hour Chart...?On the lower timeframe, we have seen a great deal of bullishness. But all of this bullishness on the lower timeframe of the 1 hour has been seen as a move to drive the market into our earlier marked out 4 hour reversal zone. Market is currently in our reversal zone, and we are seeing some signs of reversals. We will wait for a confirmation of the reversal to enable us jump in on it. It is expected that our zone will hold, the market will reverse, and we will see lower prices printed. Our target on the downside is the 4 hour liquidity target at 1.06657
by PanzyPips
Bearish reversal?GBP/CAD is rising towards the resistance level which is an overlap resistance that is slightly below the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.75115 Why we like it: There is an overlap resistance level which is slightly below the 127.2% Fibonacci retracement. Stop loss: 1.75584 Why we like it: There is an overlap resistance level which aligns with the 88% Fibonacci retracement. Take profit: 1.74155 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.
Short
by VantageMarkets
Bearish reversal?GBP/CAD is rising towards the pivot which has been identified as an overlap resistance and could potentially reverse to the 1st support which acts as an overlap support. Pivot: 1.75133 1st Support: 1.74061 1st Resistance: 1.75973 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.
Short
by ICmarkets
1
French election shock: What will FX markets say? France is on the brink of a hung parliament, with the left-wing coalition capturing the most seats in a stunning upset over Marine Le Pen’s National Rally. Obviously, the forex markets are closed on the weekend. So will be interesting to see the reaction to these shock election results in France on the EUR/USD and EUR/GBP when the market opens. Regardless of whether the market thinks this turn of events is good for France or the Eurozone as a whole, this might be trumped by its dislike of surprises. The left-wing alliance, projected to win between 180 and 215 seats in the 577-seat National Assembly, outpaced President Macron’s liberal bloc, which is forecast to secure 150-180 seats. The far-right National Rally, led by Le Pen, and its allies are anticipated to hold 120-150 seats. Le Pen's National Rally led in the first round of voting last week and aimed to achieve a historic majority. However, strategic voting and alliances among left-wing parties have thwarted her efforts. Le Pen’s ties to Russia, including past opposition to EU sanctions, might have also harmed her campaign. Over the weekend, Le Pen had vowed to cancel permission for Kyiv to use French-supplied long-range weapons against targets in Russia.
by BlackBull_Markets