SHORT IN THE 1HR TFGood short opportunities to take in the 1HR TF, use good risk management and secure early profits
Sterling
GBPUSDHere is my analysis on GU, I think we will see price action push towards 1.38000. As we can see on the chart, we are in a bullish structure.
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GBPJPY - SHORTWe can see a solid bearish flag on our 4H Time frame and a 3 touch confirmation on our Resistance trendline on our higher time frames, with a nice rebound off our 61.8 Fib level and a closing below our 50.0 Fib level on this pair. I will preferably enter at current market price targeting zones around 153
GBPJPY 15/02 POSSIBLE SHORTS TO COMEGBPJPY Techical Anaylsis.
Possible sells to come Will wait for sessions to open with volumes possibly the asian or London.
Currently there is a no trading zone as we are ranging.
waiting for confirmation either a break of formation or a retracement and candles pullback with bull power.
Alerts have been made also waiting for asian session and CPI news tommorow morning which is expected high impact news.
Always use a risk calculator and have a stop loss.
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Sterling strength looking likely...Pound has picked up some strength off the back of the GDP growth rate this morning. Referring back the the current state of the USD on a fundamental level, it provides a nice confluence to look for long opportunities on the weekly, daily and 4-hour timeframes on GBP/USD.
The 1.3700 handle just over 100 pips north of the current market price could provide a nice landing spot for the pair with some great risk:reward spots lining up.
Overall we can see this bullish mood continuing into the next trading week.
GBPJPY: Inside Bar Breakout 4-2-2022GBPJPY – SPOT
GBPJPY: Inside Bar Breakout 4-2-2022
Price Action: Price exploded higher from the Inside Bar Breakout Pattern that had formed, earlier this week (We suggested buying the breakout above that pattern in the February 2nd LTTTM Newsletter).
The recent Bearish Fakey Setup, failed (We did not consider trading this setup and hopefully saved some of you on this market).
Potential Trade Idea: We are still considering buying if price pulls back to the current Inside Bar Breakout area.
GBPUSD - SHORT IN THE 4HOUR TFGrab a few hundred pips move to the downside before we start taking up on long position for GBP. Your comments, thoughts and suggestions are welcome. Trade responsibly and use good risk management
GBPUSD - LONGDaily chart analysis shows a change in direction, anticipating GBP to be quite bullish this week. Let me know your thoughts. Trade responsibly and use good risk management
1.3475 Downside target achieved on GBP/USDPrior chart:
Our latest breakdown of GBP/USD has reaped a 90 pip target to the downside in just a few days. We our monitoring the price action around the 1.3480 handle and a movement lower is not to be ruled out.
We would expect a minor pullback into the moving averages and then to use them as resistance to start heading south again.
GBPJPY on the way! This pair is on it's way to the level!
Since RtoR ratio is not good here, I don't suggest entering a position now!
If you have an open short trade, hold it and if you have an open long trade I wish your SL is just below the level!
Pound news showing more bearish momentum ahead...GBP/USD next stop to the downside looks like 1.3475 (roughly 90 pips) away as pressure builds around 1.3570.
We would anticipate further movements to the downside today however this could kick off the tone for next week as well.
Lots of bearish confluences on W/D/4H along with this 2H breakout and moving average crossover. We will keep an eye on this pair and provide another update on it soon.
GBP/USD Turns Bearish1. GBP/USD broke its upward trend-line 2 days ago.
2. The line was tested to be a resistance.
3. Price movement currently goes down along with its trading channel and the 21-hour EMA.
4. Meanwhile, 1.3620 has been a key level as it is a Fibonacci retracement level (23.6%), former tops and bottoms in hourly chart.
It is a short-term trading (possibly a day trade)
Trades:
SELL at spot (1.3595 at the moment)
Upside Stop: Close above 1.3620 on 1-hour chart
Downside Target: 1.3570
Downside Target (Agressively): 1.3530
GBPJPY trade decline phase has started with initial target hit
GBPJPY trade decline phase has started with 200+ PIPS. It will be bearish until it remain in $158.5 level. There is good chances trade will hit 700+ PIPS in first decline phase.
GBPUSD: Weekly Forecast 9th January 2022GBPUSD gained further last week and will be retesting the 7-month falling trendline very soon.
The price is already trading deep into the supply level at 1.3562, alongside with the golden ratio and thus a sudden reversal could take place anytime soon.
This week, we will attempt to sell as the price continues to climb higher with 1.3600 as the key level.
GBPUSD Short Scalp DayTradeHey look for a entry when lower times frames 5 min and 15 min are overbought this could last the whole day stay updated.
SL: 1.35014
Shorting GBPJPYShorting GBPY at the level marked on the chart as it shows bearish divergence forming on MacD and has Resistance zone.
GBPCHF Long IdeaFollowing on from Tuesday's successful GBP CHF analysis, I believe that GBPCHF will re-test the 1.24 levels ahead of the UK's interest rate decision at 1:30 today. Across the pond, the Fed's policy decision regarding a faster taper surged the dollar and indices across the board. It's very likely for the BoE to follow in the Feds path in rising interest rates, if this is the case then Sterling Pairs are likely to surge. If the BoE decides not to increase inflation then this trade could go the other way. However, the price has just broken past the 1.226 resistance zone which provides me with confidence in the direction of this position.
Sterling GBPUSDpound was hammered last week bcz of the new restrictions of PlanB from Boris which will cost the government 2 billion pound.
this news removed from the table the potential higher interest rates this week, however we still see some minor pullback before any continuation might happen. good luck
GBPUSD | Getting Ready for Massive Breakout..!!#GBPUSD (Update)
Forming Falling Wedge Pattern in 4h timeframe..!!
Classical Bullish Divergence Spotted as well..
If Wedge Broken Upside, Expecting +300 pips Bullish Wave in Coming Days so don't miss the Ride 🏄♂️
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GBPNZD Short Idea GBP NZD has been in a steady uptrend for about a month now, currently trading around the 1.948 levels. However, the price was unable to pass above the October 11th high of 1.97 which was a key level. The RSI indicators on the daily time frame show price are in overbought regions at the moment. The UK PM plans to hold an emergency press conference today regarding a "Plan B " for its covid response. It's very likely for the pound to suffer if the news is bearish, which it most likely will be considering the spread of the new variant.
EURGBP Long, very good opportunity ahead comingManaged to get a nice entry as you can see on the chart but missed the reversal at the triple bottom. Interesting to see if the strong white trendline breaks, if yes then I see this pair to go around 0.86. 1:10 RR looks good. You can have a safe entry if breaks the white trendline, then maybe wait for a pullback to the trendline and look on lower timeframe (30m or 1h) for a bullish pattern and then enter. Good luck
GBPUSD SHORTS! 25 PIPS!I'm posting this trade set-up a little late sorry!
- GU has been on a bearish trend for the past 6 months
- GU is heading down to 1.33500 to make a double bottom on the daily timeframe
- GU is preparing for a big bullish reversal soon
- GU could potentially start heading up towards the end of this week
- Watch out for FOMC news tomorrow
GBPUSD analysis - Third touch of trend line. Hope the markets are treating you all well.
Here's my analysis for GBPUSD, price action has rejected the weekly support. I believe we can see a little bullish push up towards the daily resistance and 78.6% Fibonacci level; before price, action follows market structure.
I have shown my risk management on this trade, I only risk 1% per trade.
Please comment below your ideas and please like and follow!
