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Sterling

Joe Gun2Head Trade - Bullish channel on GBPCADTrade Idea: Buying GBPCAD Reasoning: Trading in a bullish channel in the short term. Looking for higher prices. Entry Level: 1.6145 Take Profit Level: 1.6297 Stop Loss: 1.6075 Risk/Reward: 2.35:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
GBPUSD - Bulls in controlGBPUSD - Intraday - We look to Buy at 1.1970 (stop at 1.1875) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 1.2235 and 1.2660 Resistance: 1.2110 / 1.2660 / 1.3295 Support: 1.1760 / 1.1490 / 1.1215 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
What Now With GBPUSD ?- Key points: 1- The fall statement came in the context of weak economic growth, high inflation rates and high interest rates. The Office of the Balance Sheet projected that the UK would be in recession from the third quarter which would last for just over a year until the third quarter of 2023, with GDP falling 2.1% during that time. 2- Retail sales volumes are estimated to have increased 0.6% in October 2022 after a 1.5% decline in September (revised from a 1.4% decline) which was affected by the additional state funeral bank holiday. 3- On November 3, the Bank of England's Monetary Policy Committee (MPC) announced that it had raised interest rates for the eighth consecutive meeting. Rates were raised 0.75 percentage points to 3.0%, the largest increase since "Black Wednesday" in 1992. - Technical Analysis: Diving into the technical part, we can see that there's a bearish structure starting from level 1.18700 approx. on the daily timeframe. In addition to that, considering 50&200 MA's starting from 1 hour timeframe is taking a downtrend path, which means things will take time on the daily until things payoff a bit and go bearish. Now speaking of oscillators, even from the daily and down they're all taking the downtrend path. Same with MACD, starting from 4H, and getting to the peak on daily before breaking down. Now channels, donchian, supertrend; were kind of reaching the peak on the daily while as on smaller ones they already broke down. Now, as a nutshell, all these meetings the EoB and the UK did during the last week, due to their importance and the reports they gave in which everyone was waiting for to know what's next, was very necessary to the currency as well for traders to know what path the GBP will take for the next days or even weeks. Now for those who are asking what's the next checkpoint if it went bearish? Well, on smaller timeframes, like the 1H and 2H, there is a major orderblock on a level of 1.17670 approx. In which the price would go for a reversal, or break down more. And to do so, economical events must play it's major role. It depends on interest rates and inflation, as well as the CPI, stuff like these...
Short
by JawadShoukeir
1
Joe Gun2Head Trade - Head and shoulders on 60min EURGBPTrade Idea: Selling EURGBP Reasoning: Head and shoulders on 60min EURGBP Entry Level: 0.8704 Take Profit Level: 0.8652 Stop Loss: 0.8726 Risk/Reward: 2.36:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
2
Joe Gun2Head Trade - Head and shoulders top on GBPJPYTrade Idea: Selling GBPJPY Reasoning: Head and shoulders top on GBPJPY Entry Level: 164.15 Take Profit Level: 158.02 Stop Loss: 165.88 Risk/Reward: 9.46:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
5
Joe Gun2Head Trade - Head and shoulders top on GBPJPYTrade Idea: Selling GBPJPY Reasoning: Head and shoulders top on GBPJPY Entry Level: 164.88 Take Profit Level: 158.04 Stop Loss: 166.23 Risk/Reward: 5.09:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
1
GBPCADHello everyone! GBPCAD is under weekly bearish pressure but recently has bounced back up from an important multiyear demand zone. GB Prime Minister's urgent resignation put selling pressure at the sterlina due to isntability. I believe that this is temporary and GBP will rise again. But, at first PMI should be released and lets give space to the market to settle on Tuesday. As price action, Friday's closure formed a long bottom wick indicating weakness of sellers. The pink descending trendline is broken which means a possible trend reversal to bullish bias in the medium term. Price seems that has rejected 0.618 Fib level in the 4H TF and I a believe that after a very possible drawdown to 1.5236 area, the price will rally up to 1.600 ara. Goodluck!
Long
by The_Forex_Path
Joe Gun2Head Trade - Double top on GBPAUDTrade Idea: Selling GBPAUD Reasoning: Double top on GBPAUD Entry Level: 1.7643 Take Profit Level: 1.7240 Stop Loss: 1.7830 Risk/Reward: 2.14:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
1
Joe Gun2Head Trade - Gap filled on GBPUSDTrade Idea: Selling GBPUSD Reasoning: Filled the overnight gap, downtrend expected to continue. Entry Level: 1.1378 Take Profit Level: 1.1151 Stop Loss: 1.1425 Risk/Reward: 4.94:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
2
Joe Gun2Head Trade - Double top on GBPAUDTrade Idea: Selling GBPAUD Reasoning: Double top on the 4H Chart Entry Level: 1.7660 Take Profit Level: 1.7240 Stop Loss: 1.7794 Risk/Reward: 3.09:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
1
GBPUSD dip to gap fill then bounceOANDA:GBPUSD will dip back down to fill in some PA and Volume gaps. With an anchored VWAP from September 13 NY session open with a big dump starting a long downtrend, PA is ranging between the standard deviations of the long term VWAP. Above the current VWAP, it opened the week with a large gap up from last week's close, which it will go fill on its way back to the VWAP and on down to fill a volume gap seen in a (up/down) volume profile over the same period. After running through the volume gap in a downtrend continuation, shorts reacted sharply twice with price returned to that zone. After it broke up through the gap zone quickly, it returned once and longs sharply pulled it up. I speculate a move back down to the VWAP-1stddev support and the volume gap before Sterling finally begins recovering from his bender before the morning after. (Note: I do smell a little hopium odor from the shorters next door.)
Short
by UnknownUnicorn17032407
Joe Gun2Head Trade - Buying a pullback on GBPNZDTrade Idea: Buying GBPNZD Reasoning: Intraday pullback to support Entry Level: 1.9936 Take Profit Level: 2.0266 Stop Loss: 1.9849 Risk/Reward: 4.26:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
Potential swing short on EGAfter that liquid raid to the top side and rejection, I think we will see a bearish order flow seeking rebalance below. We have a weekly RTO structure on the weekly chart resting below 0.81000 flat. I would like to see the week open with EG taking PDH early on and showing a willingness to sell off. This is backed by my fundamental vision of current economic conditions in the UK and Europe. Of course, it can go either way faster than lightning - I suspect sterling to have a great catalyst with a new king taking the throne as we may see radical fiscal and monetary reform providing a perfect smokescreen for the pound to get rowdy. What does Europe have? Unless a black swan event involving the Ukraine / Russia conflict - not much. Something tells me we may see some VERY WILD and VERY BIG events unfold in the near future, but I don't know exactly when - this is based on what I see in the charts, and I do believe that the market tells the future if you know what you are looking at. Trade light, trade smart, move fast, and keep your head down - the last thing you want is to get caught in the BS that will inevitably ensue.
Short
by MarketWarriorFX
2
Joe Gun2Head Trade - Sterling weakening, lower prices expected.Trade Idea: Selling GBPUSD Reasoning: Sterling weakening, lower prices expected. Entry Level: 1.1163 Take Profit Level: 1.0933 Stop Loss: 1.1245 Risk/Reward: 2.89:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
GBPUSD LONG THEN BIG SHORTS COMING UP!Hello traders. Today I am sharing my GBPUSD analysis. I am using the Elliot wave trading technique which I commonly teach Here we can see price is currently forming subwave 4 in wave 4. We are expecting subwave 4 to reject one of our fibonacci levels and not surpass our blue invalidation box below. Once we see bullish rejection we will be forming subwave 5 in our corrective wave. Once we see subwave 5 fully form, we would have fully formed our corrective wave and we will be looking for our BIG SHORTS which will secure atleast 1500 pips! We will update a more precise reversal location for our shorts closer to the time. Be sure to check out my other ideas
by Pips-Collector
1