GBPUSD:Bears still lurking!GBPUSD
Intraday - We look to Sell at 1.2300 (stop at 1.2380)
Daily signals for sentiment are at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies.
Our profit targets will be 1.2070 and 1.1975
Resistance: 1.2215 / 1.2450 / 1.2670
Support: 1.1975 / 1.1760 / 1.1500
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.
Cable
GBP vs. USD - Short Term Swing Trading Idea - 27 July 2022OANDA:GBPUSD in next three days is in high probability for a drop of 140-150 pips. In this moment wave B-starting and C wave will be with extra sharp volatility. Good area for buys is over 1.1890-1.1875
What is the supported thesis technically for the expected scenario on GBPUSD?
- Expecting start of B waves and final capitulation of C wave
- MACD will reverse a bit and after that will make a sharp move
- Strong support @ 1.1885
If you have any questions related to this trading idea I will be happy to provide you with answers.
GBPUSD Short Setup - Dollar BullsGBPUSD H4
Still trading south of 1.20, therefore using 1.20 as key resistance. Strong confluence zone as already annotated. GU is practically the mirror image here of DXY. A nice 40 pip drop early morning rejection 1.20 when markets opened.
Looking to see some resistance yet again, and some driving volume to sink cable.
GBPUSD Bullish reversal expectedGBPUSD is showing strong divergence and is all ripe for bullish reversal.
Buy if H4 close above 1.2082 area , TP1: 1.2230, TP2: 1.2600, SL: 1.1849.
This will be a big move and I am hopeful we will catch much green pips as the rade goes on, I will keep updating trade ideas along the way.
GBPUSD:Correction over?!GBPUSD
Intraday - We look to Sell at 1.2100 (stop at 1.2175)
We are trading at overbought extremes. The 200 day moving average should provide resistance at 1.2154. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We look to sell rallies.
Our profit targets will be 1.1890 and 1.1840
Resistance: 1.2155 / 1.2275 / 1.2410
Support: 1.1840 / 1.1760 / 1.1500
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.
FOREX SCHEDULEWhen the MONEY SWING HAPPENS the route BEGINS:
The fake out to clean out BUY side liquidity.
Then DIP to create low of the session.
A Few Set ups will present afterwards.
As Snipers we are trained to snipe with no hesitation. Our entries rarely have draw down because we trade with the INTERBANK ALGORITHM that provides price delivery for the Forex Market.
We KNOW the schedule. We then leverage this wisdom to create our OBJECTIVE formulas and strategies to extract as many pips out of every move that the market makes at the BEGINNING of the move.
TIME & PRICE are the only TWO indicators you need. Add in confluence of MACRO & MICRO PP. Consolidation zones (areas of liquidity where TRUE STRUCTURE resides.) You have the framework to build any set up to trap price for the snipe.
Past price action tells the narrative everyday for future price action and set ups.. Because price is predictable just like the cycles of the year and the Morning and Nighttime. They come regardless.
This is the same with FOREX.
A 3-5 PIP ThresHOLD will keep you in the game and allow you to adjust if your set up shows signs of not holding up.
Never over leverage.
Trust your trade set up.
Have Fun!
Bias is still for lower levels on GBPUSDGBPUSD - Intraday - We look to Sell at 1.1930 (stop at 1.1995)
Buying pressure from 1.1760 resulted in prices rejecting the dip. The bias is still for lower levels and we look for any gains to be limited. This is negative for sentiment and the downtrend has potential to return. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1.1750 and 1.1500
Resistance: 1.1840 / 1.2015 / 1.2155
Support: 1.1500 / 1.1370 / 1.1000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Cable will rise again...Pound is supported by bottom line of falling wedge and rise a little after contact to that.
Also a strong daily bullish candle is firmed and price will push up because of that.
Stop loss is under daily candlestick and take profit will be 100 % of first move on my idea.
Trade safe fellas.
FOREX SCHEDULEThe Algorithm is programed to this schedule:
5pm-12am
Morning Zone
12am-2am price will reach for buy or sell side liquidity (Scope Zone-Snipe Zone 1am-10am)
2am-2:30 Price will reverse and trend this way for the rest of the day.
When you know TIME then PRICE is predictable.
Exploit the predictabilities.
This is the road to Market Mastery.
Never over leverage.
Trust your trade set up.
Have Fun!
I AM Pro Trading Made Simple
GM GBPUSD!This set up goes like this:
Morning Zone gave us 50 pips.
When price breaks to the LOW we will look for our set up.
But why not book a trip down south for 50 pips along the way?
When Price clearly breaks the low of the zone this is the SNIPER ENTRY.
50 PIPS is the Target before pullbacks happen.
Our set up will present itself.
If it does not EURO will FALL.
Never over leverage.
Trust your Trade Set Up.
Have Fun!
I Am Pro Trading Made Simple
No sign that this bearish momentum on GBPUSD is falteringGBPUSD - Intraday - We look to Sell at 1.1990 (stop at 1.2070)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 1.1875. We are trading at oversold extremes. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies.
Our profit targets will be 1.1765 and 1.1500
Resistance: 1.2015 / 1.2155 / 1.2275
Support: 1.1840 / 1.1500 / 1.1330
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
GBPUSD:Parity is coming!GBPUSD
Intraday - We look to Sell at 1.2055 (stop at 1.2110)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1.1900 and 1.1840
Resistance: 1.2015 / 1.2155 / 1.2275
Support: 1.1840 / 1.1500 / 1.1330
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.
Only THIS SETUP will make me buy GBPUSD!Gbpusd is in a powerful downtrend.
I haven't seen any sell setup yet since the last one I called that made us SMILE TO THE BANK!.
So I thought, let me think of something CONTRARIAN, cause that's what trading is about, right....?.
Only, I repeat ONLY this setup will make me consider longs.....for a nice 1:3RR.
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