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Cable

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
Joe Gun2Head Trade - Short covering move for month end?Trade Idea: Buying GBPUSD Reasoning: Month end, week end, short covering rally set to occur. Entry Level: 1.2544 Take Profit Level: 1.2830 Stop Loss: 1.2488 Risk/Reward: 5.23:1 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.
Long
by Signal_Centre
3
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.
Long
by Signal_Centre
1
GBPUSD TO 1.3 BEFORE ANOTHER DROP?GBPUSD broke below 1.3 because of the UK PMI negative news, now looking for a potential pullback at 1.3 to short cable down to 1.27 Next week will be very volatile as thethe four largest U.S. companies by market capitalization: $AAPL, $MSFT, $AMZN & $GOOGL will report Q1 earnings! and this is something you don't wanna miss out if you are interested to trade this setup. You can see here the trend of both DXY & BXY , DXY is clearly trending up against the BXY.
by dogofwallstreets
2
IS CABLE DOUBLE BOTTOM ENOUGH FOR BULLISH RUN?The cable has been in a downtrend, however, for the past six weeks, GBPUSD has not closed below 1.30597. Any time price goes past this level, buyers have always send price up! Is 1.30597 a significant level in a channel? NOTE: 1. This is a reversal trade and more risky but highly rewarding 2. This is a pattern trade 3. Short trade on GBPUSD advisable, after the pullback. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
by BullBearMkt
GBPUSD 15th APRIL 2022This is the technical analysis of GBPUSD H4. Based on chart pattern analysis. We can find a triangle and wedge pattern, The direction of the trend is sideways tends to be bearish, there are economic data to be released, prices will fluctuate. we can take this opportunity to take a buy low - sell high : 1. The price is still moving in the pattern area. 2. Moderate buy action is possible, the price has retesting triangle area. Risk : The UK economy does not seem to be in good shape relative to the U.S. with consumer confidence on the decline, rampant inflation and the end of free COVID-19 testing could add to negative data prints to come. A weaker than expected figure could add to bearish bets on the cable pairing.
by DNP-FX
3
WEEKLY LOOK ON GBPAUD - ELLIOTT WAVE ANALYSISHi Ellioticians, GBPAUD weekly time frame suggests a big, bearish, three-wave move to the downside from the 2.71 high. We labeleld a completed impulse in A, followed by a possible completed triangle corrective pattern in wave B, at the 1.954 lvl.. This year's sharp decline, and a break below the lower triangle line is a suggestion that the triangle correction can be completed and wave C underway well below the 1.442 lvl. in years to come. That being said, a break below the 1.744 swing low will be another indication that the GBP is weakning in years to come. The alternate scenario suggests another complex correction to be underway in red wave B. Trade well.
by Gravity33
2