GBPUSD | Jan 23GU longs have worked out to a T. Now looking forward for the price to break below the 1.26900 as a a confirmation for shorts. Well, the break alone wont be considered as a valid entry, but will keep you posted!
GBP
GBPUSD TO SELL THROUGH JANUARYGBPUSD is projected to fall to the zone of 1.25400 and it is expected to fall from the rising wedge and then retest to the resistance zone and 50EMA and the sell for the long term of January in correlation of EURUSD.
GBPUSD Top Down Analysis January 23, 2024Top-down Analysis.
In this video, we take a close look at the GBPUSD to find out where it is going. Using a top-down analysis, we have examined all possible directions of price movement in the short term and long term, respectively.
We are expecting to catch a down move that will give us a potential of 147 pips in profit if it goes our way.
EURUSD sellsEntered during London session, rejection from CE of the orderblock, targeting 1:3 RR
Trade I will hold through the day
Simple, see how it pans out
GBPUSDGood morning, the pound is in a long context in sync with all timeframes. Priority is exclusively on working within the long context, with the daily target being the Asian high.
GBPUSD to find buyers at market?GBPUSD - 24h expiry
The primary trend remains bullish.
The selloff has posted a correction count on the daily chart.
A move lower faces tough support and we remain cautious on downside potential.
Risk/Reward would be poor to call a buy from current levels.
The preferred trade is to buy on dips.
We look to Buy at 1.2725 (stop at 1.2693)
Our profit targets will be 1.2805 and 1.2825
Resistance: 1.2785 / 1.2825 / 1.2870
Support: 1.2725 / 1.2700 / 1.2655
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Time for some Premium price actionEverything is in place for GU to start moving bearish. At this point we wait for London session and look for all the stars to align.
GBPCAD BUYConsider selling GBPCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
GBPJPY Technical OutlookHey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 187.000 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 187.000 support and resistance area.
Trade safe, Joe.
Careful...The bears can take control at any Moment now!This is a area I have been stalking for a sell. Looking to see how price reacts here and if we can find a entry for a nice swing position.
GBPJPY: Thoughts and Analysis Pre-BOJToday's focus:
Pattern – Continuation, resistance test.
Support – 37,400
Resistance – 187.63 - 184.35
Hi, and thanks for checking out today's update.
Our focus today is on the GBPJPY pre-Bank of Japan. Looking at price, we can see it continues to trade on fast trends higher but has stalled at resistance.
The market could now be waiting to see what's next from the Bank of Japan. Will they tweak their bond-buying program? We have seen some solid volatility from past meetings. Could this be another?
We have run over two scenarios in today's video, and we will look to see what happens next for the JPY after tomorrow's BOJ meeting. Rates are expected to remain on hold, and the statement and outlook report are expected between 11:30 am and 4 pm on Tuesday this week.
Good trading.
GBPJPY | 22 JanI see a potential high reward setup for sells lining up on GJ. Would enter on break below 187.550, but ideally would love to see that area changing to resistance and a rejection of the price off of it. Stay safe!
GBPUSD | 21 JANGood evening, traders! My bias for short term longs towards the supply zone persists, although I feel like an H&S is forming on the Hourly and reverse might start solidifying around current price-points. Will keep you posted
GBPUSD1H - On the hourly timeframe, we are currently in a long context, with the nearest target being the Friday High. After updating that level, I plan to revise the idea based on the price reaction to the Friday maximum.
GBPUSD4H - After the removal of the SSL (Sell Stop Level) on Wednesday, the price established a weekly low and experienced a reversal, breaking the structure and continuing the upward movement on Friday after entering the FVG (Fractal Volume Gap). After receiving a reaction at the nearest fractal minimum, the price continued the upward movement. I consider 1.276 as the first local target.
GBPUSD1D - On the daily timeframe, we continue to be in a long context. Throughout the week, we sustained the movement from highly liquid zones. After Friday's close below the previous fractal, the price initiated a short movement towards the nearest fractal minimum (as mentioned in last week's review, the decision to leave equal lows around 1.26 seems justified). Due to the significant amount of news this week, I expect a breakout from the sideways movement.
BUY GBPCADConsider selling GBPCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
GBPAUD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring GBPAUD for a buying opportunity around 1.91800 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.91800 support and resistance area.
Trade safe, Joe.
EURGBP Potential DownsidesHey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.86000 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86000 support and resistance area.
Trade safe, Joe.
Weekly Review on Price Action!This past week I flipped to Bearish on GU. But as we came into Tuesday they decided to pull back on the price. This week I'm and surely going in Bearish. This is a premium set up for a nice swing to the down side.
GBPUSD - Price can break resistance line and continue to growHi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊
When price entered to rising channel, it soon reached $1.2650 level, which coincided with support area and broke it.
After this, GBP rose a little more, made correction, and then bounced up to resistance level, but at once bounced down.
Later, price rose to resistance line, thereby breaking $1.2760 level, but soon it turned around and made downward impulse.
British Pound broke $1.2760 level one more time, exited from channel, and even fell below support level to support line.
But a not long time ago price bounced from this line and rose to resistance line, breaking support level again.
Now I think GBP can little decline and then bounce up to $1.2760, thereby breaking resistance line.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
GBPUSD | Jan 19Looks like the pair has found solid demand zone around 1.26770 and short term long opportunities may be found. Would love to see the close before entering anything as it will also give us a closure on the weekly, which would drive the public interest. Personally got stopped out on the pullback with a 1:1 trade. Stay safe!
Navigating the Correction: GBPCHF's Uptrend and Key LevelsIn today's trading session, our focus shifts to GBPCHF, where we are exploring a potential buying opportunity around the 1.10 zone. GBPCHF, currently in an uptrend, is undergoing a correction phase and approaching the trend at the 1.10 support and resistance area.
The technical perspective indicates that GBPCHF is exhibiting an upward trend, signaling a positive bias in the market. Traders considering this pair may find opportunities within the correction phase, especially around the critical 1.10 zone. It serves as a pivotal area where market participants may reassess their positions, potentially leading to trading opportunities.
Analyzing price action, trendlines, and relevant technical indicators can offer valuable insights for traders interested in engaging with GBPCHF. As always, implementing effective risk management strategies is crucial for navigating market fluctuations and ensuring prudent trading decisions.
