J-GPB
GBP/AUD short setup, target 200-DMAGBP/AUD weakens after UK PMI services misses forecasts.
Markit's Services PMI dropped to 50.1 points in January, reflecting meager growth.
Recent data from the UK haven’t been impressive and Brexit progress is minimal.
On the other side, Aussie buoyed after RBA stood pat and sounded optimistic about the jobs market.
GBP/AUD recovery rejected with a 'Gravestone Doji' formation on daily charts.
Bears' next major target lies at 200-DMA at 1.7880. Violation there will see downside till 61.8% Fib at 1.7710.
Good to go short on upticks, SL: 1.8125, TP: 1.79/ 1.7880/ 1.7710
Possible trend shift in GBPUSD – going shorthe Tidal Shift Strategy has just sold GBPUSD at 1.30447. The system recommends entering this trade at any price between 1.30227 and 1.30667. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -1.00116, which suggests that the GBPUSD could be trending downwards.The 14-period Average True Range on a daily chart is 0.00176, so the stop loss has been set at 1.31326. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 61562
Time Issued: Friday, 01 February 2019 10:00:16 GMT
Status: open
Entry: 1.30227 - 1.30667
Limit: N/A
Stop Loss: 1.31326
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Possible trend shift in GBPUSD – going longThe Tidal Shift Strategy has just bought GBPUSD at 1.29371. The system recommends entering this trade at any price between 1.29128 and 1.29614. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.04339, which suggests that the GBPUSD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00194, so the stop loss has been set at 1.28399. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 61235
Time Issued: Thursday, 17 January 2019 17:00:16 GMT
Status: open
Entry: 1.29128 - 1.29614
Limit: N/A
Stop Loss: 1.28399
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GBPUSD: Looking for a symmetrical Lower Low. Short.The pair is trading within a 1D Channel Down whose primary indicators show that it has hit a Resistance level (RSI = 47.109, MACD = -0.003, Highs/Lows = 0.0000, BBP = -0.0006). The Channel should aim next at a symmetrical -1.78% Low. We are short, TP = 1.22560.
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HSBC Bounced Off Support, Potential Further Rise!HSBC bounced off its support at 36.98 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 46.16 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) has bounced off its support at 2.4% where a corresponding rise could occur.
GPB/CAD Repeat of October Movement on 1HR ChartGPB/CAD is following a similar pattern to its October movement.
If the pattern continues, expect bearish movement
GBPUSD **CAUTIOUS** ShortGBPUSD is at a previous resistance and is also being met with the Daily 100MAV. The pound risks a reversal at these prices but stops MUST BE KEPT TIGHT because if the upper resistance is broken, stops will be cleared and Cable will rally beyond 1.32xx
USDJPY Reversed Off Its Resistance, Potential Drop!USDJPY reversed off its resistance at 111.64 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance, descending resistance line) where it could drop further to its support at 110.91(61.8% Fibonacci retracement).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
EUR GBP - Short Opportunity - 1D, 1W SellWELCOME TO MY LEARNING F* PAGE!
Hi there, EURGBP is entering ideal sell zone. Strong resistance and reversal price action is most probably!
GOOD LUCK and take entry according to your balance.
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GBPAUD ShortContinued rejections from this region. Aussie has also begun to make higher lows and higher highs which is indicative of a nice bottoming formation. All in all, this pair should head down once this cluster of consolidation breaks on the larger timeframe.
Prediction for the GPB/USD for 12 hours.Pennant after bearish show sign of continuation ,let's predict the market nature for 12 hours based on support and resistance level,rsi,dmi,ichimoku and chart pattern.
good opportunity to buy GBP/USD after false break of support @1.33022 the price stable above the support level that it was resistance level before and make higher high and higher low and higher high
so i will buy this pair
buy Gbp/usd
stop lose @1.33022
take profit @1.37157
GBPUSD Broke Out Of Support, Sell On Strength!Sell below 1.3914. Stop Loss at 1.3998. Take Profit at 1.3742.
Reason for the trading strategy:
Price broke out of our support-turned-resistance at 1.3914 (horizontal overlap resistance, breakout level). We expect a strong reaction to occur below this level, pushing price down to our major support at 1.3742 (horizontal swing low support, 23.6% Fibonacci retracement, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure, in line with our bearish view.
RSI (34) is seeing a bearish exit, a good precursor for a potential drop in price.
GBPUSD Bounced Nicely Off Its Support, Potential BreakoutBuy above 1.3930. Stop loss at 1.3848. Take profit at 1.4176.
Reason for the trading strategy (technically):
GBPUSD bounced nicely off its support at 1.3930 (100% Fibonacci extension) where we expect it to rise further if it breaks out of its immediate resistance at 1.3992 (horizontal overlap resistance, descending channel). Once this level is broke, a bullish acceleration would be triggered, causing price to rise to its resistance at 1.4176 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance). We do need to be cautious of the intermediate resistance at 1.4090 (38.2% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) shows a corresponding bounce off its support at 2.6%.
GBP/AUD - Daytrade idea +60 pipsEntry price:
Max: 1.78282
Min: 1.77901
#TP1: 1.77440
#TP2: 1.76900
#TP3: 1.76050
Stoploss: 1.78550
I'm taking profits at TP1 . The other TP's are based on calculations, but I feel more comfortable taking profits at TP1.
