GBPUSD MonthlyMonthly outlook for GBPUSD, trading sideways in a channel, look for a return to the top of the volume profile either for continuation down ( Likely) or a breakout.
Sterling
Joe Gun2Head Trade - More Sterling pain expectedTrade Idea: More Sterling pain expected
Reasoning: Lower prices expected selling into the strength over the past 60mins
Entry Level: 1.9242
Take Profit Level: 1.90400
Stop Loss: 1.9272
Risk/Reward: 3:1
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.
30 Minute TF - Go LongAnticipating short-term movement to the upside in the lower time-frames. Apply proper risk management. As usual, happy trading
Joe Gun2Head Trade - Time to Buy Cable?Trade Idea: Buying GBPUSD
Reasoning: Speculating on a short term bounce. Trading at a 61.8% Fibonacci level on the daily chart
Entry Level: 1.2554
Take Profit Level: 1.2861
Stop Loss: 1.2488
Risk/Reward: 4.5:1
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.
GBP/USD -15/4/2022-• Bulls gave up in the mid 1.3100s
• Sterling lost around 100 pips
• Pennant formation on hourly chart, which signals a continuation of the trend in the coming days
• Watch out for the breakout, high volume reinforces the downward move
Potential 0.618 GU pullbackGU plummets as DXY rises on Legardes speech, price has fallen solidly and quickly to the 0.618 after a trendline break, potential for a price reversal.
GBPUSDGBPUSD has rejected the demand zone with a pinbar, can look to buy some GBPUSD and aim 1.31/1.3180.
EURGBP 30th MARCH 2022On Friday the first of April, the Eurozone is scheduled to release core and headline CPI, with the headline figure forecast to be 6.6% (YoY), up from 5.9% (YoY) last month. Hotter inflation prints create a greater sense of urgency within the ECB to stop asset purchases and begin to hike rates.
Technically we can see EURGBP Daily is approaching a strong resistance area, bullish possibility may reach 0.846 - 0850. we need to wait for a bearish candle in the resistance area so it is possible to be bearish in the future. Moderate bullish also possible if the price breakout the resistance area (closing candle D1 above 0.85)
GBPUSD IDEAI want to see GU fall towards our 4 hour level. I believe we will see a wick to wipe out the previous buyers before a move back up towards the highs.
I have tried to illustrate the pathway with the arrows. Please comment and like if you agree.
And I know.... another colour way lol, i have no clue what colour looks best. If you have any suggestions please help below.
Hope you all have a great month!
:)
Sterling GBP ready for above $1.37 speculators net long position Ahead of NFP Data
LONDON (Reuters) - The pound had a quiet start to the week, overall flat on the day against the dollar and euro, but analysts remained bullish on its outlook and the latest positioning data showed the speculative long position on the British currency had increased.
The pound has strengthened against both the dollar and euro in February, boosted by heightened risk appetite in global markets, optimism surrounding the UK’s COVID-19 vaccine rollout and a lessening of negative rates expectations.
Britain has injected over 12 million first doses of COVID-19 vaccines and is on track to meet a target to vaccinate everyone in the most vulnerable groups by mid-February.
“Sterling is benefiting mostly from the vaccine race – it’s really the main differentiator,” said Ned Rumpeltin, head of European currency strategy at TD Securities.
WHY ARE PEOPLE GOING LONG ON THIS GBP ?
GBPUSDGU has rejected our 4 hour resistance and 78.6% fib level. Moreover is still in our ascending channel. I believe price will push up towards the 1.33277 level, which indicates it will liquidate the shorts at 1.33.
This also gives me a stronger bias that this trade will be profitable; the DXY looks bearish as well..
The orange circle is my take profit.
Remember when placing a trade to be only risking a maximum of 1%.
This will help every trader in the long term.
I will keep you updated on this trade.
Take care.
GBPUSD W4 Mar 2022GBPUSD
Long Setup
GBPUSD has formed an inverted head and shoulder. Price has broken up and out of the neckline and has retest it. The target may set as 1:1 to the distance of the neckline to the head, alternatively, it may also set at a resistance/order block as shown in the chart above.
Safe trading~
GBPAUD 18th MARCH 2022We can see GBPAUD has not been able to break the daily support line. when it touches the support line, there is always a price spike. On smaller timeframes we can find diagonal resistance. Of course if it breaks, there is a possibility that the price will fly higher!
GBP/USD Hello traders; This is the GBP/USD daily chart. We have a strong downward thrust and I think it is time to look for long trades in the near future. As you can see we have confluence in the area where the price is currently and which include: 1.618 butterfly BUY + market oversold + bottom line of the channel. So considering a long position seems reasonable, but at the same time keep in mind that you need to see some bullish price action (don't try to catch a falling knife) and of course keep in mind that we have a FED interest rate decision, so expecting volatility also seems reasonable.
GU idea I have drawn what I believe could potentially happen on GU. I f price action rejects our fib level and our area of resistance.
If we do not reject this level then GU will melt lower.
GBPUSD Inside BoxGBPUSD currently is inside range and it is bearish move on the upper timeframe.
if price reaches the resistance and able to bounce back, you should wait for the retest of the structure and short this pair.
since its on bearish at least on my bias, it more safe to short this pair than to long it.
What is your analysis on GBPUSD currently?
SHORT IN THE 1HR TFGood short opportunities to take in the 1HR TF, use good risk management and secure early profits
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.
Please like and comment, take care.
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.
Please like and feel free to comment your opinion as you wish!
RISK DISCLAIMER:
Trading Forex,CFDs, Crypto, Futures and Stocks involves a risk of loss.
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.
