Pound H1 | Potential bullish bounceThe Pound (GBP/USD) has just reacted off a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 1.26567
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 1.26372
Why we like it:
There is an overlap support that sits under the 61.8% Fibonacci retracement level
Take Profit: 1.27013
Why we like it:
There is a swing-high 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.
Pound
Forex weekly outlookWeekly outlook TVC:DXY NASDAQ:EU $gu
The #DOLLAR chart does not look clear to me. Last week we had the 1W fvg as DOL and it just worked perfectly.
But the way we have reacted to the 1W fvg suggests we get at least a short term rise on $dxy.
Until we get a decisive close below the 1W +fvg or above the 1D -ifvg, nothing is clear.
I will be patient and start trading from Tuesday. All weekdays look promising since they have high impact TVC:DXY news. Will update again after Monday daily close.
Pound H1 | Potential bullish bounceThe Pound (GBP/USD) could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target.
Entry: 1.26567
Why we like it:
There is a pullback support level
Stop Loss: 1.26207
Why we like it:
There is a swing-low support level
Take Profit: 1.27013
Why we like it:
There is a swing-high 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.
GBP: Upper Band ChallengeGBP is currently trading at 1.26230, just under the upper Bollinger Band at 1.26454, which has been a tough ceiling to crack lately.
Notice how previous touches of this band have led to pullbacks. This could be a pivotal area for traders looking to gauge whether the Pound can sustain its upward trajectory or if it will succumb to selling pressure once again.
The MACD presents a conundrum; it's positive, indicating some bullish momentum, but we're not out of the woods yet. The slim difference between the MACD and its signal line suggests that the bullish momentum is not overwhelmingly strong. Decisions here should be informed by a keen eye on the MACD line—if it starts to turn down or the histogram shrinks, it might signal waning bullishness.
The volume stands at 3.211K, which isn't giving a strong signal either way. A surge in volume, especially above recent average levels, could be the confirmation needed for a solid move.
Lastly, the RSI, mildly above the midpoint at 54.15, hints at a slight buyer's advantage. However, it's not signaling overbought conditions which gives the Pound some room to move up without immediate fears of a retracement due to being overbought.
Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
GBP/NZD: Analyzing Momentum Shifts Amid Central Bank DynamicsThe GBP/NZD pair has lost momentum for a possible rebound, regardless of Bank of England Governor Andrew Bailey's tempered remarks regarding the pace of interest rate hikes, despite presiding over a divided decision. This shift in sentiment has prompted a breakdown in price support around the 2.0500 area, followed by a subsequent retest and further bearish momentum. The price remains firmly below the 50-day moving average, signaling a strong inclination towards further downside movement.
While both the Bank of England (BOE) and the Reserve Bank of New Zealand (RBNZ) have embarked on a tightening path, the impact on the sterling has been somewhat subdued. Expectations from both central banks now appear to be more evenly balanced.
In light of these developments, we anticipate a continuation of bearish sentiment in the GBP/NZD pair, focusing on utilizing price action signals to guide our trading strategy.
EURGBP H4 | Rising into pullback resistanceEUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 0.85688
Why we like it:
There is a pullback resistance level
Stop Loss: 0.85916
Why we like it:
There is a pullback resistance that aligns above the 38.2% Fibonacci retracement level
Take Profit: 0.85204
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci retracement 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.
it's time to going up for before buying, please check for being sure about your opinion about this Pair!!!
(in every target you want, closed the position but our target is the third one)
*Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management*
*************************************************
if you want to enter in this position:
Enter Price: 1.10110
Target1: 1.10295
Target2: 1.10592
Target3(Final Target): 1.10930
Stoploss: 1.09738
*************************************************
Guy's if this idea was useful and it was intresting for you please follow for more
please do comment and like my idea
If you like my idea show me in comment section
doing and living in the best quality
thanks of all of you dear's ;)
GBPCHF: Pullback From Key Level 🇬🇧🇨🇭
GBPCHF is trading in a bullish trend.
The price recently broke and closed above a key horizontal resistance.
The broken structure turned into a solid support.
We may expect a pullback from the broken structure.
I see a bullish breakout of a resistance line of a falling channel on an hourly time frame
as a confirmation.
Initial target - 1.113
❤️Please, support my work with like, thank you!❤️
GBPNZD: Preparing For a Bearish Wave 🇬🇧🇳🇿
Have a look at that bearish imbalance that was formed on GBPNZD
on a daily time frame on Friday.
With one single bearish candle, the price violated a neckline of a
descending triangle formation and a key horizontal support.
The market is retesting the broken structures at the moment.
I believe that a fall will initiate soon.
Next support - 2.0372
❤️Please, support my work with like, thank you!❤️
GBPUSD: Bearish Outlook Explained 🇬🇧🇺🇸
I see a nice double top pattern that is formed within a key
horizontal resistance on a 4H time frame.
The price formed a high momentum bearish candle after the release
of the jobs' data yesterday.
I believe that we can expect a bearish continuation today.
Goals: 1.25815 / 1.25425
❤️Please, support my work with like, thank you!❤️
Pound H1 | Potential bearish reversalThe Pound (GBP/USD) has just reacted off a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 1.26196
Why we like it:
There is a pullback resistance level
Stop Loss: 1.26436
Why we like it:
There is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level
Take Profit: 1.25716
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci retracement 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.
GBPJPY H4 | Falling to pullback supportGBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 185.656 which is a pullback support.
Stop loss is at 184.350 which is a level that lies underneath a pullback support and the 100.0% Fibonacci projection level.
Take profit is between 187.500 and 187.729 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPUSD: Important Key Levels 🇬🇧🇺🇸
Here is my latest structure analysis for GBPUSD.
Resistance 1: 1.2595 - 1.2620 area
Resistance 2: 1.2763 - 1.2830 area
Support 1: 1.2500 - 1.2535 area
Support 2: 1.2377 - 1.2415 area
Support 3: 1.2186 - 1.2220 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
GBPJPY H4 | Approaching pullback supportGBP/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 185.660
Why we like it:
There is a pullback support level
Stop Loss: 184.474
Why we like it:
There is a pullback support that lies underneath the 78.6% Fibonacci projection level
Take Profit: 187.490
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement 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.