Aug 20, 2021 - GBPJPY approaching key crossroads. Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
Cable
Aug 20, 2021 - London Underground Fibo Tips Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
GBP USD - update from 18.08.2021Sellers took control of the market yesterday with an expected downside move, we are now experiencing a pull back on the four hour which;
1. looks to correct to 1.3718X in the Fibonacci structure, for further sells.
2. The monthly has been broken, but the close of the market needs to distinguish a clean break for confirmed further selling power down to the Fibonacci targets and imbalance targets respectively.
To explain further - take the Fibonacci from the 1.43 to the low of 1.3574 gives the weekly Fibonacci.
The daily comes from the sell zone in orange giving you the point 1 to point 0 of the low.
We are now experiencing a pullback on the four hour/daily Fibonacci referring to "0" at 1.3718.
Only looking for sells.
Enjoy the trading.
About me,
Professional analyst at a hedge fund
Technical approach only.
Experience with FX markets and private equity deals.
XYHLX
GBP USD - looking for sells onlyHello,
Currently a selling opportunity is in motion with - multiple options to enter sells.
Currently ignoring days where price reverses as the market is overall bearish.
The weekly shows price has rejected the $1.43 and created a weekly bearish highly probable selling opportunity upon the price reactive level.
Good luck in the trade
Many thanks,
XYHLX
Rising dollar strengthCable has not been generous enough to provide us with solid moves as it has been stuck in a 1.42000-1.35867 range from the very February. The shorter term hasn't been great for it either, being bearish for 9 consecutive days. The technicals show the 61% fibs being respected what points out on stronger levels below - rejection of which might give us better entries for short positions. As for the targets, I personally believe the 1.35861 level is the most likely to see the price at in the nearest future.
Cheers!
Cable analysis 10/8/21We have broken bearish trendline awaiting a retest. so we are still short. reaction yesterday was expected as EURUSD and USDJPY were at significant support and resistance zones respectively. these pairs are highly correlated. check my analysis for EURUSD yesterday and you will see the expected reaction before market acted. today we expect the market to move slightly higher for GBPUSD and EURUSD before selling off again at resistance points 1.3890 and 1.1750 respectively. Cable is expected to make a true reversal at 1.3770 and fibre at 1.1705
USDJPY expected to sell off for a short while up to 110.20 and expect it to rally during New York session.
So lets sit on our hand for now guys.
"Just don't do anything until you know you've got it right"
James B Rogers
LONG GBPUSDGBPUSD firmed a nice bull flag and i think its time to buy this pair.
Stop loss is so short and risk-reward is so good.
Cable week of 9 August 2021currently bearish slowly reaching for a bullish order block at 1.3760. should react violently at 1.3770-1.3750 reversing and going bullish thereafter
GBPUSD ShortExpecting cable to be bullish going for a liquidity hunt before dropping to the lower zone. Will keep an eye on price action
LONG GBPUSDCable firmed a bull flag and broke it, Now, seems to be a new uptrend after 3 days correction.
LONG GBPJPYGBPJPY broke its resistance curve line and now retouch the line. Good daily and weekly candlestick pattern and ascending scallop says time to long this pair.
GBP/USD Signal - GBP Markit Manufacturing PMI - 2 August 2021GBPUSD is trending to the upside currently prior to the GBP Markit Manufacturing PMI data, which is an indicator of the economic situation in the UK manufacturing sector. Technically the pair has broken above a key pivot point, and has now come back to retest the pivot point as a support. We anticipate continued upside back into the recent highs!
Cable Needs A Higher-Low To Start Upward RallyWith GBPUSD violating a Daily Swing High at 1.39098, what remains is to find a higher-low before it could commence a rally to the upside. A decline to 1.38200 is anticipated (or lower) in coming days
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GBPUSD - SHORT POSITION (4HR)CONFLUENCES:
- Spinning top closure in 4HR
- Rejection of 71% Fib level
- Bearish market structure
- Rejection of previous support
- Fib extension lines up perfectly with 1.35 key level
GBPUSD Covered sellGBPUSD has traded into the golden pocket fibo and the 200 hour MA resistance. PPO and RSI also point to downside!
GJ to take a turn from here?Watch for turning here...not just for GJ but other crosses like AJ and Cadj
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
A resistance tough to overcome? GBPUSD might turn lower...
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EUR/GBP Signal - GBP Retail Sales - 23 Jul 2021EURGBP is trending to the downside prior to the GBP Retail sales data, which measures the total receipts for retail stores domestically. Technically the pair is below the moving average ribbon and has broken a key pivot level. We anticipate continued downside into the 0.8508 level.
GBP/USD Signal - USD Continuing Jobless Claims - 22 Jul 2021GBPUSD has retraced in a downtrend prior to the USD Continuing jobless claims data, which shows the number of people remaining on unemployment benefits. Technically the GBPUSD is trending to the downside and has retraced to a key level. The RSI generated a sell signal and price has rebounded from the upper bollinger band, generating a mean reversion signal.
GBP/USD Signal - 19 Jul 2021GBPUSD is trending to the downside today to start the week on the backfoot. Last week the USD finished strongest of the major currencies, and we are seeing that continued today. Technically the pair has broken the ascending trendline, and is below the moving average ribbon. We anticipate continued downside.
GBPUSD - To Break LowerGBPUSD H1:
Lots of confluence on GBPUSD here points to a break lower.
Here we have a rejection of the 4 hour descending TL (on the 4 hour chart this also lines up with a rejection of the 100 EMA) The bullish push on the last hour candle I believe is one last run up before price continues its decline. 1.38 is holding as an area of support but if this breaks I believe we will see sub-1.38 prices today.
With 1.39 holding as such strong psychological resistance i am definitely in favour of further bearish movement.
The short position tool added to my chart highlights an excellent R:R of 1:4 with the target being at the 1.37500 mid-psychological level.
let's see how this plays out! Hopefully some USD strength on New York open can provide further momentum to reaching target.
GBPUSD H1 - Long SetupGBPUSD H1
The pair hit a high of 1.3898 yesterday after more hawkish remarks by BOE policymaker, Michael Saunders.
Sellers tried testing waters just below 1.3800 earlier, with the low touching 1.3793 for a brief moment before a turnaround now to a session high of 1.3850.
In the bigger picture, the BOE has been playing it slow with regards to normalising policy but if Saunders' remarks yesterday was a start and if there is some follow through, perhaps the pound can find more reasons to challenge for a move higher.
