GBP/USD ShortInto support on higher timeframe.
Target is a moving average so will be adjusted over time.
1:1 RR
Cable
GBP/USD ShortInto higher timeframe resistance.
Target is a moving average so will be tracked up over time.
1:1 RR
sell GBPUSDSell opportunty on cable with a 35 pips SL and target on the perioid lows
Entry 1.25079
TP: 1.24156
SL: 1.25480
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.
Sterlings Slippery SlopeIn this update we review the recent price action in GBPUSD and identify the next high probability trading pattern and price objectives to target
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.
DXY Still bullishDXY still bullish and expecting price to hit 103 in the coming weeks. So all bullish Dollar on Majors.
GBPUSD (The Cable) a possible bounceGBPUSD created a resistance at 1.2690 level.
Price action on the 4H timeframe showed a rejection ot the 1.2700 psychological support level. We can expect a pullback of the price up to 1.2820 - 1.2850.
If prices failed to break the resistance at 1.2827 it may move sideways in this level.
If prices go down 1.2700 and break that support, price may go deep down to 1.2546.
Refer to chart for full view of the possible movements.
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.
GBPUSD SELL - MONDAY Hello traders, we'll look for a short after a rise during the Asia session on Monday. Targeting round number 1.28. After that, look for the trend to turn bullish for a while as we fill imbalances from the drop. 1.29-1.2950 area is possible.
Good luck, happy trading !
GBPUSD H4 - Long Signal GBPUSD H4
This played out like poetry yesterday for us, from the 1.30 initial entry, to the break and retest of 1.30400. Perfect play with very little drawdown.
Expecting a similar move hopefully today on this 1.30700 resistance/support price. From here we have a nice 700 pip void we can look to fill.
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
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.
GBPUSD D1 - Long SetupGBPUSD D1
Wouldn't mind seeing a strong daily close for confirmation here, but impulse entries possible too... Whilst we have 3 targets marked, these aren't necessarily take profit targets, but setup targets.
3 setups, each offering different areas of resistance. The targets are effectively where we can look to scale in to add positions, all being well.
15Min Descending TriangleLooking for a breakdown below support, a retest of the previous support now turned resistance before entering a short to continue down to previous higher timeframe lows
$GBPUSD Downtrend continues GBPUSD broke its upward sloping support line in June 2021 and has been trading in a downtrend ever since. The change of trend was also signalled by bearish RSI divergence. For now - the trend remains in place and first sign of change will be a daily close above 1.32. Through 1.30 targets 1.2730.
Play in consolidation area FX:GBPUSD
The pair's consolidation area is between 130.6 - 131.6
A few days ago, forecast of this pair's movement was sideways tending to be bearish. And that view has not changed, as there has been no significant economic progress between the two pairs.
GBPUSD is likely to move down when the Fed raises interest rates in May.
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.
GBPUSD Projection After studying GU for quite a while, I know what to expect, a fakeout is possible at this point, to make the 3rd touch of the Trendline of the new downtrend that started last Friday, looking to go short at that level with rejection, or a candle closure in my direction. This is not a financial advice, practice proper Risk management
Choppy market ahead for GBP/USD?Looking at the chart we could have two possibilities for Cable.
If we close above the midline of the purple price point by the end of today, I expect a push higher to the 1.34130 area over the next week.
I we fail to break the mid line I'll be looking at and ranging market between 1.3200 and 1.3000
GBPUSD Long Scenario Im looking for a 2 zones where to open my longs.
Im expecting one more drop down to gather some liquidity!
GBPUSD about to go short soonIn this chart breakdown i have much more going on via looking at the higher timeframes. Cable is imminately falling off economically and the dollar holding true for the time being. I thin technically we should se a sell off on this pair very soon... here is my setup and trading plan for the upcoming play...
GBPUSD 22nd MARCH 2022
The BoE has raised interest rates by 25bps. But that's not enough to make the bullish sentiment towards GBPUSD going forward.
we already know the FED has also raised interest rates by 25 bps. but interest rates are not the only reason when compared to the macro economy, even though inflation is crazy, American fundamentals are still better than British fundamentals.
We can see on the D1 chart, support area is now resistance. technically GBPUSD will be bearish this week
