LOADING THE BRINKS TRUCK WITH GBP/USD
1. Key Observations Across All Charts
Timeframes:
Indicators Used:
EMA (50 & 200): Shows short-term (EMA 50) and long-term (EMA 200) trends.
Price is below both EMAs, indicating a bearish trend across all timeframes.
VWAP: Volume Weighted Average Price – used to spot fair value.
The price is trading below VWAP in all charts, supporting the bearish bias.
MACD: Shows bearish momentum, with histogram bars below the baseline.
RSI: Indicates oversold or overbought conditions.
On most charts, RSI is hovering around 30-40, suggesting the market is nearing oversold territory.
Support and Resistance:
Clear zones identified for potential bounce-back or continuation:
Next Key Support: Around 1.2600 to 1.2550.
Major Support: Around 1.2500.
Psychological Resistance: 1.2800.
Higher Target: 1.2900 (major resistance if bullish recovery happens).
2. Detailed Chart Analysis
15-Minute (Short-Term View)
Trend: Bearish, with lower highs and lower lows forming.
Indicators:
Price is below EMA 50 and EMA 200.
RSI: Near 30 (oversold).
MACD: Histogram shows weak bearish momentum.
Interpretation:
The price may attempt to test support near 1.2600.
If support holds and RSI rises, expect a short-term pullback towards 1.2670.
A breakout above the 50 EMA could shift momentum.
30-Minute Chart
Trend: Continues bearish with resistance near 1.2680 and support near 1.2600.
Indicators:
EMA 50 and 200 are both sloping downward.
RSI remains under 40 – slight bearish momentum.
Trade Idea:
If price rebounds from 1.2600, target 1.2680 (short-term resistance).
If it breaks below 1.2600, next stop is 1.2550.
1-Hour Chart
Trend: Bearish.
Indicators:
Price is well below EMA 50 and EMA 200.
MACD remains bearish with increasing histogram size.
Support: 1.2600 to 1.2550.
Resistance: 1.2800 (psychological level).
Trade Idea:
A bounce from 1.2600 could lead to testing EMA 50 at 1.2700.
Break below 1.2550 opens a path to further downside (e.g., 1.2500).
4-Hour Chart
Trend: Strong bearish trend after rejection at 1.2800.
Support: 1.2600, followed by major support at 1.2500.
Indicators:
RSI at 24 – highly oversold.
MACD: Bearish, but histogram shows signs of flattening (possible loss of bearish momentum).
Trade Idea:
Consider buying near 1.2550 - 1.2600 if RSI starts rising and momentum weakens.
Upside target: 1.2700 to 1.2800.
1-Day Chart (Long-Term View)
Trend: Downtrend following failure to hold above 1.2800.
Support: Clear at 1.2600 (next key) and 1.2500 (major support).
Indicators:
RSI: Near 21, very oversold (potential for a rebound).
MACD: Bearish, but the pace may slow.
Trade Idea:
A pullback is likely from oversold conditions.
Buying opportunities exist between 1.2550 - 1.2600 with targets at:
1.2700 (short-term),
1.2800 (psychological resistance).
3. Summary of Trade Ideas
Short-Term (15M - 30M):
Look for a bounce at 1.2600 with a target of 1.2670 - 1.2700.
Stop-loss: Below 1.2580.
Medium-Term (1H - 4H):
Buy near 1.2600 - 1.2550 if price shows reversal signals.
Targets:
1.2700 (EMA 50),
1.2800 (key resistance).
Long-Term (1D):
Consider a long trade near 1.2550 for a rebound.
Targets: 1.2800 and potentially 1.2900.
4. Risk Management
Stop-Loss: Place stops just below 1.2550 to avoid deep drawdowns.
Take-Profit Zones:
Short-term: 1.2670 - 1.2700.
Medium-term: 1.2800.
Long-term: 1.2900.
Ensure proper position sizing and use a risk/reward ratio of at least 1:2.
Timeframes:
Indicators Used:
EMA (50 & 200): Shows short-term (EMA 50) and long-term (EMA 200) trends.
Price is below both EMAs, indicating a bearish trend across all timeframes.
VWAP: Volume Weighted Average Price – used to spot fair value.
The price is trading below VWAP in all charts, supporting the bearish bias.
MACD: Shows bearish momentum, with histogram bars below the baseline.
RSI: Indicates oversold or overbought conditions.
On most charts, RSI is hovering around 30-40, suggesting the market is nearing oversold territory.
Support and Resistance:
Clear zones identified for potential bounce-back or continuation:
Next Key Support: Around 1.2600 to 1.2550.
Major Support: Around 1.2500.
Psychological Resistance: 1.2800.
Higher Target: 1.2900 (major resistance if bullish recovery happens).
2. Detailed Chart Analysis
15-Minute (Short-Term View)
Trend: Bearish, with lower highs and lower lows forming.
Indicators:
Price is below EMA 50 and EMA 200.
RSI: Near 30 (oversold).
MACD: Histogram shows weak bearish momentum.
Interpretation:
The price may attempt to test support near 1.2600.
If support holds and RSI rises, expect a short-term pullback towards 1.2670.
A breakout above the 50 EMA could shift momentum.
30-Minute Chart
Trend: Continues bearish with resistance near 1.2680 and support near 1.2600.
Indicators:
EMA 50 and 200 are both sloping downward.
RSI remains under 40 – slight bearish momentum.
Trade Idea:
If price rebounds from 1.2600, target 1.2680 (short-term resistance).
If it breaks below 1.2600, next stop is 1.2550.
1-Hour Chart
Trend: Bearish.
Indicators:
Price is well below EMA 50 and EMA 200.
MACD remains bearish with increasing histogram size.
Support: 1.2600 to 1.2550.
Resistance: 1.2800 (psychological level).
Trade Idea:
A bounce from 1.2600 could lead to testing EMA 50 at 1.2700.
Break below 1.2550 opens a path to further downside (e.g., 1.2500).
4-Hour Chart
Trend: Strong bearish trend after rejection at 1.2800.
Support: 1.2600, followed by major support at 1.2500.
Indicators:
RSI at 24 – highly oversold.
MACD: Bearish, but histogram shows signs of flattening (possible loss of bearish momentum).
Trade Idea:
Consider buying near 1.2550 - 1.2600 if RSI starts rising and momentum weakens.
Upside target: 1.2700 to 1.2800.
1-Day Chart (Long-Term View)
Trend: Downtrend following failure to hold above 1.2800.
Support: Clear at 1.2600 (next key) and 1.2500 (major support).
Indicators:
RSI: Near 21, very oversold (potential for a rebound).
MACD: Bearish, but the pace may slow.
Trade Idea:
A pullback is likely from oversold conditions.
Buying opportunities exist between 1.2550 - 1.2600 with targets at:
1.2700 (short-term),
1.2800 (psychological resistance).
3. Summary of Trade Ideas
Short-Term (15M - 30M):
Look for a bounce at 1.2600 with a target of 1.2670 - 1.2700.
Stop-loss: Below 1.2580.
Medium-Term (1H - 4H):
Buy near 1.2600 - 1.2550 if price shows reversal signals.
Targets:
1.2700 (EMA 50),
1.2800 (key resistance).
Long-Term (1D):
Consider a long trade near 1.2550 for a rebound.
Targets: 1.2800 and potentially 1.2900.
4. Risk Management
Stop-Loss: Place stops just below 1.2550 to avoid deep drawdowns.
Take-Profit Zones:
Short-term: 1.2670 - 1.2700.
Medium-term: 1.2800.
Long-term: 1.2900.
Ensure proper position sizing and use a risk/reward ratio of at least 1:2.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.