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Cable

GBP/USD: time to jump off the cliffAs it can be interpreted from the graphical illustration, the price has been unable to break above the 1.265 zone of crucial support. Yesterday, by printing a massive bearish candle, the lower boundary of the ascending channel that is pictured on the chart was penetrated. Monitoring the price action, we can observe that currently the price is trying to complete a mild correctional move of the impulsive leg that was printed yesterday. After the correctional phase is done with, we are gonna look forward to going short and aiming for the zone of support shown on the chart. 1.25500 area of supply is the zone that we are eyeing for potential short positions.
Short
by Investroy
5
Pound vs. Dollar - Short Term Swing Trading Idea - 2 June 2022FX:GBPUSD in the past week corrected almost 200 pips. Check connected trading idea from 26-May. Note that probably the cable won't reach the support zone of 1.2380-1.2400 and from here a test of SMA 200 will build a strong impulse upward. Duration of trading idea is 1 week. What is the supported thesis technically for the expected scenario on GBPUSD? - Price-action will form in the next couple of hours - strong engulfing - By Elliot waves, A-B-C is finished and tested on SMA 200 - The RSI indicator is below 30-level and soon will start moving up If you have any questions related to this trading idea I will be happy to provide you with answers.
Long
by TradingTie
cable GBPUSD H4 Might Face Resistance @ 1.2700 to 1.2777 Watch the Price Action at Resistance Zone between 1.2700 and 1.2777 A pullback is expected from the above-mentioned resistance zone. Watch out for candlestick formations there. For a good entry also take note of lower time frame candlesticks like H1 and m15 for pinpoint entry. If the price breaks out of this zone then it may retest the level for a long entry. Stay tuned for live coverage of this trading opportunity. Please Like, Follow, and Share my work if you like.
by awan0454
Pound vs. Dollar - Short Term Swing Trading Idea - 26 May 2022GBPUSD in the past 12 days been in a strong uptrend after the big collapse. In the next couple of days, the cable needs to make a healthy 40% correction and find support over 1.2400 regions. Follow the price action in the next couple of hours and place stop-loss order above new swing highs. What is the supported thesis technically for the expected scenario on GBPUSD? - Price-action will be a strong signal in the next couple of hours - By Elliot waves - it is a strong 5-wave impulse and needs a correction - The MACD indicator in the next few days will start collapsing If you have any questions related to this trading idea I will be happy to provide you with answers.
Short
by TradingTie
GBPUSD: Despite brief rally,bear loom!GBPUSD Intraday - We look to Sell at 1.2525 (stop at 1.2645) We are trading at overbought extremes. A Doji style candle has been posted from the high. 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 1.2180 and 1.2155 Resistance: 1.2530 / 1.2600/ 1.2670 Support: 1.2375 / 1.2300/ 1.2225 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
Short
by VantageMarkets
GBPUSD: No end in sight for Cable fall!!GBPUSD Intraday - We look to Sell at 1.2400 (stop at 1.2515) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. 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. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 1.2070 and 1.2000 Resistance: 1.2500 / 1.2800 / 1.3000 Support: 1.2000 / 1.1500 / 1.1260 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.
Short
by VantageMarkets
GBPUSD: Markets continue to shun sterlingGBPUSD Intraday - We look to Sell at 1.2420 (stop at 1.2550) 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. We look to sell rallies. Our profit targets will be 1.2055 and 1.2000 Resistance: 1.2500 / 1.2800 / 1.3000 Support: 1.2210 / 1.2000 / 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.
Short
by VantageMarkets
1