GBPUSD INTRADAY sideways consolidaionGBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be an overbought corrective pullback toward a key prior consolidation area.
Key Support: 1.3210 – aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
1.3435 – initial resistance level
1.3500 and 1.3580 – medium to long-term bullish targets
If price finds support at 1.3210 and forms a bullish reversal, it would confirm the continuation of the uptrend toward the mentioned resistance levels.
However, a break and daily close below 1.3210 would invalidate the bullish scenario, suggesting deeper retracement toward 1.3120, with further support at 1.3015 and 1.2980.
Conclusion
GBP/USD remains bullish above 1.3210. Look for a bounce from this level to confirm upside continuation. A daily close below 1.3210 would turn the outlook bearish, exposing lower support levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Forex market
GBP/AUD SHORT FROM RESISTANCE
Hello, Friends!
GBP/AUD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 2.045.
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✅LIKE AND COMMENT MY IDEAS✅
Three Peaks and Domed House
Identification Guidelines
Points Discussion
1, 2 This is the base. It may or may not appear and has no significance.
3, 5, 7 These points form the three peaks pattern. It’s not a triple top where price
needs to peak near the same price. The shape of the peaks may be flat or
pointed. The time between peak 3 and 7 is about 8 months.
4, 6, 8 These are valleys between peaks 3, 5, and 7. The drop to the valley floor
can be considerable (that is, the retrace of the move up from 2 to 3 can
be large).
8, 9, 10 This is the separating decline. Price drops in at least two selling waves (7 to 8
and 9 to 10). The word least suggests there can be multiple selling waves,
so be flexible. The separating decline divides the three peaks from the
domed house, making both look squarish.
10 Valley 10 is always lower than 4 or 6 and often lower than both.
11–14 Price bottoms at 10 and then recovers to form at least two valleys that test
the low at 10. The peaks and valleys here should look symmetrical, not
irregular.
14–23 or 27 The time from turn 14 to 23 should be 7 months and 8-to-10 days, but
the measure from 14 can include peak 27. In other words, be flexible
and don’t exclude a pattern because the duration is incorrect. If price
at 12 or 14 fails to test the low at 10 (or 12 or 14 are absent), then
try using valley 4 or 6 in the 7-month calculation to better predict the
domed house peak.
15 Price rises quickly and steeply to peak 15, forming the left wall of the
first story.
15–20 Look for price to form five waves here, 15–16, 16–17, and so on, ending
at 19–20. Price bounces between peaks and valleys, forming the firstfloor
roof.
20–21 This is the second story’s left wall. It’s the move up to 21 from 20.
21–25 This is the dome of the house. Price forms another set of peaks and valleys,
trying to move to a new high but failing.
25–27 Price drops from 25 and forms a wave 26–27, which may mirror the roof
from 15–20. Point 27, if tall enough, may be the right shoulder of a headand-
shoulders top formed by the move from 21–25.
27–28 Price drops all the way back to the level of point 10 (or close to it). The drop
may be a straight-line run down or it may have several retraces, but price
will eventually make it to the price of 10 (in theory).
Thomas_N_Bulkowski_Encyclopedia_of_Chart_Patterns_John_Wiley_&_Sons
AUD/CHF Long Trade Setup – Bullish Divergence ConfirmationEntry: Buy Stop at 0.55713
Stop Loss: 0.54924
Take Profit: 0.56514
📌 Analysis:
The chart shows a clear bullish divergence on both the 4H and 1H timeframes, indicating potential upside momentum.
The RSI is also confirming a shift in strength, supporting a possible reversal.
A break above 0.55713 (buy stop level) would confirm bullish continuation.
🎯 Trade Plan:
Entry triggers upon breakout above 0.55713
Stop loss is set below the recent swing low at 0.54924, ensuring controlled risk.
Targeting 0.56514, aligning with previous resistance levels for a favorable risk-to-reward ratio.
📊 Risk Management:
Ensure proper position sizing to manage risk effectively.
Monitor price action for signs of weakness or early exit signals.
Dynamic trade management – trailing stop or partial profits at key resistance zones.
📢 Let’s see how this setup unfolds! Feel free to share your thoughts in the comments. 🚀📈
GBPUSD – Short-Term Upside RetestGBPUSD – Short-Term Upside Retest
📈 Long Bias | 🎯 Target: 1.33181 | ⏳ Deadline: May 1
After extended downside pressure, price is showing signs of curling back toward the prior breakdown area near 1.33181. Watching this level closely as a short-term magnet on the lower timeframes. I am in.
💡 All trades can be replayed on TradingView for learning and review.
#GBPUSD #Forex #PriceAction #MarketSetup #TradingView #GlobalHorns
GBPUSD... Chat pattern 4HYou're suggesting a *GBP/USD short (sell) trade* at *1.3305, targeting **1.30951*. Here’s a quick trade outline and some thoughts:
### *Trade Idea*
- *Entry (Sell):* 1.3305
- *Take Profit (TP):* 1.30951
- *Potential Gain:* ~209 pips
### *Key Considerations*
1. *Trend Direction:* Check if the pair is in a downtrend (lower highs/lows on H4/D1).
2. *Resistance Area:* Is 1.3305 a recent resistance or part of a reversal pattern?
3. *Fundamentals:* Any upcoming UK or US news (e.g., interest rate decisions, NFP)?
4. *Risk Management:* Use a stop-loss—possibly above recent highs (e.g., 1.3350 or higher), depending on your risk tolerance.
#GBPJPY UPDATES AND ANALYSISGBPJPY 4H Chart Analysis
GBPJPY is exhibiting strong bullish structure on the 4H timeframe, with price currently forming higher lows and holding above a key ascending trendline. The marked demand zone around 189.94 has acted as a support area, suggesting potential accumulation before the next leg up.
A bullish continuation is anticipated with three structured targets aligned at:
Target 1: 191.773
Target 2: 193.320
Target 3: 194.832
The setup provides a favorable risk to reward scenario. A break and close below the demand zone and ascending trendline support would invalidate this bias. This is a higher time frame key levels. When price enters in our zone, look for confirmation in smaller time frame before executing your trades. Confirmation is key.
This just my analysis. Use proper stoploss and proper money management for your trade.
#GBPJPY 4H Technical Analysis Expected Move.
GBPUSD Dual Set-Up LondonMarket Setup & Key Levels
SSL Liquidity Sweep:
The recent liquidity sweep occurred at 1.32790—this move cleared downside stops and set the stage for a reversal.
- Bullish Breaker Block:
The breaker is identified at 1.32845. This area now acts as a support/entry zone where institutional buyers have stepped in.
-15-min SIBI Target/ 1hr order block :
A key imbalance (SIBI) was left during the Asian session on the 15‑minute chart which coincides with a 1hr OB. This zone represents where liquidity might be harvested.
- Alternate Idea : If price surges to this SIBI target without offering a pullback, it could signal an overextended move—potentially setting up a short trade opportunity.
---
Primary Trade: Long on the Breaker Retest
1. Entry :
- Buy on Retest:Plan to enter long when price retests the bullish breaker zone at 1.32845 and shows clear rejection signals.
- Confirmation :Look for lower timeframe (5‑min or even 1‑min) reversal candlestick patterns (such as a pin bar or engulfing pattern) confirming that the breaker is holding as support or ifvg and break of structure.
2. Stop-Loss :
- Place your stop-loss just below the breaker zone. For instance, around 1.32750 (or a level that protects you from further downside beyond the liquidity sweep)
3. Profit Target:
- Use the 15‑minute SIBI zone as your primary profit target.
- Alternatively, trail your stops if the market shows strong momentum upward.
---
Alternate Trade : Short if Price Reaches the SIBI Without a Pullback**
1. Scenario :
- If price drives directly toward the 15‑minute SIBI target without offering a clear pullback or reversal near the breaker, the move may become overextended.
2. Entry for Short Trade :
- Look for signs of exhaustion or a reversal as price touches the SIBI zone.
- Enter short when you see confirmation of a rejection (for example, a bearish candle pattern or a failure to hold momentum).
3. Stop-Loss :
- Set your stop just above the SIBI zone to limit risk if the rejection fails.
4.Profit Target:
- Target zones near the breaker or further liquidity levels that might be revisited during the subsequent retracement.
Smart Money is Not Selling Yet 🧭 EUR/USD – Smart Money is Not Selling Yet
Market Outlook: Bullish Continuation with Consolidation
🧠 Multi-Timeframe Breakdown:
| Timeframe | Behavior | Structure |
|-----------|-----------|-----------|
| **12M** | Bullish (new candle in development) | Strong upside push |
| **10W** | Bullish | Breakout from consolidation |
| **9W** | Bullish | Continuation strength |
| **7W** | Indecision | Buyers and sellers wrestling |
| **6W** | Bullish | Prior strong move |
| **30D (1M)** | Bullish | Solid body, no upper wick |
| **18D** | Bullish inside liquidity | 1.12414–1.11982 |
| **3D** | Consolidation | Range forming at support |
| **4H** | Testing structure | Rejections at support floor |
🔑 Key Levels:
- **Psychological Resistance:** 1.15729 – 1.16921
- **Neckline (Mid SR):** 1.14221
- **Liquidity Zone Support:** 1.12414 – 1.11982
- **Invalidation Level:** Daily close below 1.11982
---
📌 What I'm Watching:
Price action is currently consolidating on lower timeframes (3D and 4H), while all
**higher timeframes remain bullish**.
A dip into the **liquidity zone** may trap early sellers and trigger a **retest of the 1.15729 zone**.
Until a breakdown confirms beneath 1.11982, this structure remains a **bullish continuation setup**.
---
📊 My Bias:
"Smart money doesn’t sell indecision – it buys time. Don’t trade noise. Trade structure."
CHFJPY | 01.05.2025SELL 174.800 | STOP 176.500 | TAKE 172.700 | Japan released data on 1 May 2025 and left the key interest rate unchanged at 0.05%. This expectedly boosted the rates of related currencies. The Swiss franc will stand out in this position in our opinion. We expect multidirectional price movement in a range above the 174.000 level. Then we are likely to observe a decline in the indicator to the lower boundary of local support.
USDCAD | 01.05.2025BUY 1.38000 | STOP 1.36900 | TAKE 1.39600 | The prolonged sideways movement of the pair near medium-term support levels tells us that buyers in this range can develop an upward movement with a further upward breakout of 1.39760. The influential factors of the price movement will be the US ore market publications this week and the general background of the tariff policy towards Canada. We expect a slight rise in price to start with.
GBPJPY – May 1st OutlookDuring the Asian session, GBPJPY finally broke out of the bullish wedge we highlighted yesterday and is now breaching the key 192.000 buy level.
We’re watching for a break + retest/continuation setup here on the lower timeframes. A clean confirmation opens the move toward 193.000 — a solid 100 pip range before reassessing.
Fundamental Market Analysis for March 01, 2025 USDJPYThe USD/JPY pair is trading with small losses, hovering around the mid-143.00s after disappointing US economic growth data and weak Japanese economic reports caused a divergence in sentiment between the two currencies. The US economy contracted 0.3 per cent in the first quarter of 2025, the first contraction since 2022, missing growth expectations and highlighting the impact of rising imports and government spending cuts. At the same time, Japan released weaker-than-expected industrial production and retail sales data, limiting the yen's gains even as global risk appetite declined.
On the macroeconomic front, the US Bureau of Economic Analysis reported that real GDP contracted 0.3% in Q1, missing the market forecast for a 0.4% increase and slowing sharply from the 2.4% growth in Q4 2024. The contraction was primarily driven by a 41 per cent rise in imports and lower government spending. Meanwhile, core PCE inflation, the Fed's preferred measure of inflation, fell to 2.3 per cent year-on-year, in line with expectations and below February's 2.5 per cent. Other data showed a slowdown in job creation, with the ADP report showing just 62,000 new jobs in April against expectations of 108,000.
Despite the softer data, personal spending remained flat in March, rising 0.7%, while incomes rose 0.5%. However, market sentiment turned cautious, with the Dow Jones Industrial Average falling more than 200 points to stagnate around 40,300.
In Japan, the yen weakened 0.5% against the dollar as industrial production and retail sales data disappointed, highlighting the fragility of the domestic economy.
Trade recommendation: BUY 144.20, SL 144.00, TP 145.00