GBP/USD to 2 dollars per poundThis is also gonna be one of the interesting charts to watch in the coming months or yrs, as the pound is gaining strength against the dollar.
So, Based on the chart, you can see that we completed a correction cycle in 01 Sept 22 which had started 01 Oct 07, from there a bullish cycle is expected to start which will lead us to the ATHs.
Even Fundamentally, it's not looking good the the America, Biden and his administration are basically messing things up, they are losing confidence, and also not just that, even the war against the dollar might, or in fact is gonna be one of the reasons why we gonna see the expected cycle in play.
In terms of my wave count, please have a look on the chart as everything is marked for you and me to see and understand why and how we got to this sentiment.
NFA as always.
Remember me when this happens as planned. and also don't forget to tell your mates, family about me.
Pound
GBPUSD is going down. But How Far down?Hey guys, in this video, you will see my thoughts and perspective on the direction of the GBPUSD.
Please pardon the sound quality. I had some issues with sound this morning. There was the temptation to not send it out because of the poor sound quality, but I thought it was better to send it out anyway, as i am convinced this piece of information will be helpful to a few or more persons.
Comment with your thoughts. Give a boost if you agree, and if you don't, still give a boost, but share your perspective in the comment section. I will like to learn a thing or two from you too.
GBP/JPY H4 | Falling to 61.8% Fibonacci supportGBP/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 189.809
Why we like it:
There is a pullback support that aligns with a confluence of Fibonacci levels i.e. the 23.6% and the 61.8% retracement levels
Stop Loss: 188.999
Why we like it:
There is a swing-low support that aligns with the 38.2% Fibonacci retracement level
Take Profit: 192.391
Why we like it:
There is a resistance that aligns with the 100.0% Fibonacci projection 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 H1 | Potential bullish breakoutThe Pound (GBP/USD) is rising towards a potential breakout level and could make a bullish continuation towards our take-profit target.
Entry: 1.27013
Why we like it:
There is a potential breakout level
Stop Loss: 1.26817
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement level
Take Profit: 1.27323
Why we like it:
There is a resistance that aligns with the 161.8% Fibonacci extension 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.
GBPUSDHello traders ,what do you think about GBPUSD ?This currency pair has broken its trend line and is pulling back to the broken range. After completing the pullback, it is expected to fall to the broken level at least to the specified level. The US PCE data tomorrow can lead to strong volatility in this currency pair
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Pound H1 | Potential bearish reversalThe Pound (GBP/USD) could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target.
Entry: 1.26425
Why we like it:
There is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level
Stop Loss: 1.26817
Why we like it:
There is a pullback resistance level
Take Profit: 1.25817
Why we like it:
There is a pullback support that sits above the 78.6% 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 H1 | Potential bullish breakoutGBP/JPY could rise towards a potential breakout level and make a bullish continuation towards our take-profit target.
Entry: 189.985
Why we like it:
There is a potential breakout level
Stop Loss: 188.999
Why we like it:
There is a swing-low support level
Take Profit: 190.974
Why we like it:
There is a pullback resistance that aligns close to the 78.6% 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.
GBPUSD: 2 Bearish Signals?! 🇬🇧🇺🇸
GBPUSD formed 2 very bearish patterns:
We see a double breakout of both the support line of a symmetrical triangle formation
and a rising parallel channel.
It indicates a local dominance of the sellers.
I expect a bearish continuation at least to 1.26255
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GBPUSD: Expecting a drop from hereEven though sterling has found recent resilience, we are in a long-term down trend.
I believe the recent rally must end, fundamentally the pound is much weaker than the dollar, the UK is in recession and the US looks likely to avoid one.
The FED will start cutting rates, but I believe the BoE will act sooner (or at the same time) because it doesn't have the grace of a strong economy.
On the LTF's we're at the top of this current dynamic rising range, but I think we may see a break of the lower boundary, and if we do this will be the resumption of the downtrend.
GBPAUD,🔴Sell opportunity🔴
Well since the price hit the daily order block mean threshold and grabbed the liquidity above the previous day's high it created a high probability sell opportunity for us.
💥Please pay attention: in this scenario, we need LTF confirmation. We should not enter as a limit order.💥
💡Wait for the update!
🗓️27/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
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.
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*
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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
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