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Cable

GBPUSD H4 | Falling to 61.8% FiboPrice is approaching our buy entry at 1.26753 which is an overlap support that aligns with the 61.8% Fibonacci retracement level. Take profit is at 1.27818 which is an overlap resistance level that aligns under the 50.0% Fibonacci retracement level. Stop loss is at 1.26067 which is a pullback support level that aligns close to the 61.8% Fibonacci projection level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Long
by FXCM
Cable May Have Found Temporary Support Below 1.26500!In technical analysis, support levels play a pivotal role in determining potential price movements. Recently, GBPUSD demonstrated a noteworthy bounce at the 1.26500 support level. Such a rebound, often suggests the potential for further upward momentum. Given this context, it's plausible to consider the possibility of GBPUSD aiming to retest the 1.2900 mark in the near term. N.B! - GBPUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gbpusd #cable
Long
by BullBearMkt
Cable; Bearish Move Loading...The Cable is getting ready for a deep bearish dive. Market is current bearish from the larger timeframes of 4 hour and above. On the 1 hour and lower, price is bullish, and we see prices rallying towards the 4 hour supply zone. Market has also shown some signs of early reversal at this level. If the market reverses here, we will be ready to go down with it. Our signal for bearish confirmation will be a break of the structure as marked BMS. Where that fails, we hope to see prices soar higher into the 4 hour zone, from where we will begin to expect bearish reversals. As always, we will wait for our confirmation of the bearish reversal and look to jump on it.
Short
by PanzyPips
GBPUSD H4 | Bullish bounce off Fibo confluence levelBased on the H4 chart analysis, we can see that the price has bounced off our buy entry at 1.27828 which is an overlap support level that aligns with 61.8% Fibonacci retracement and 61.8% Fibonacci projection levels. Our take profit will be at 1.29464 which is a pullback resistance level. The stop loss will be set at 1.25991, which is an overlap support level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Long
by FXCM
1
GBPUSD H4 | Approaching 61.8% Fibo resistance?Based on the H4 chart analysis, we can see that the price is approaching our sell entry at 1.30009, which is an overlap resistance that aligns with 61.8% Fibonacci retracement level. Our take profit will be at 1.28778, which is a pullback support level. The stop loss will be set at 1.30616, which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
GBPUSD H4 | Bullish reversal momentum?GBPUSD has hit the buy entry which is an overlap support that aligns close to the 61.8% Fibonacci retracement level; momentum could carry price higher. Take profit is at 1.29899 which is an overlap resistance. Stop loss is at 1.26949 which is an overlap support that aligns close the 78.6% Fibonacci retracement level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Long
by FXCM
GBPUSD H4 | Falling to 61.8% FiboGBPUSD is falling towards a pullback support that aligns close to the 61.8% Fibonacci retracement level. Price could hit the buy entry at 1.28266 and potentially reverse from this level to bounce higher. Take profit is at 1.30024 which is an overlap resistance. Stop loss is at 1.26945 which is an overlap support that aligns close the 78.6% Fibonacci retracement level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Long
by FXCM
GBPUSD - An Opportunity To Meet Magic 33I don't normally pay much attention to the forex markets, but a friend on Twitter went into a cable short last month, had some immediate success, and then more or less got stopped out when she went rippy rip to start July. After looking at it 6 times, I think that my friend's bias that the pound is bearish is legit, but that it's too soon to get short. The reason is, if you look at cable on the monthly, it ran out the COVID lows and has clearly been in a confirmed reversal for months. Now, I don't believe in supply and demand zones. If you ask me, certain high price areas are where "supply" is as evidenced by distribution and certain low price areas are where "demand" is as evidenced by accumulation. Hence, on cable, the 1.31 to 1.35 range is where the real "supply" zone is and it's the soonest place you're very likely to find genuine bearish reversals. And the Petrodollar has been in a very strangely not-bearish position all year, which I outlined here when the propaganda machine tried telling us that Wagner Group was about to decapitate Vladimir Putin. DXY - The US Petrdollar And The "Prigozhin Coup" In Russia On the above note, if you crack in the phrase "China-Taiwan War Rhetoric" into the Brave search engine (Google Duck Bing only propaganda), you can find an article that points out that international propaganda outlets have suddenly started pushing heavily narratives about a war between China and Taiwan being close to breaking out. What's really going on is that the Chinese Communist Party is about to fall, and since China is 5,000 years old, the largest country, and abundant in natural resources and skilled labour, everyone is circling the wagons, trying to figure out how to get control of China. But Xi Jinping may just dump the CCP overnight instead, seizing the initiative in the chess match. If that were to really happen, Xi would weaponize the 24-year-long persecution of Falun Gong by the Jiang Zemin faction, which much of the world's governments and corporations have been complicit in as they've courted the toads in Shanghai (Babylon) all these years. So the situation is very geothermal. Very tectonic. Very dangerous. Things can happen any day, and they may happen any day. When that day comes, bond yields up, DXY up, gold down, equities down. VIX 80. Limit down. Big gap limit down. If you want to get long on risk assets right now, you need to be hedged long volatility So, back to cable: If we zoom in on the weekly, we find ourselves quite the obvious spectacle: Inside the most obvious "supply" zone is a weekly gap, that just so happens to sit at the Masonic 1.33. If you want to have yourself a lol, then Google "Rishi Sunak 33" and click the images tab and look at what the state messagers ran for headline photos when he was appointed Prime Minister. So, cable made a new high and that should be bullish. How can we go short, right? This is actually sound logic, because if you go short over old highs you can get gapped and ran on and then liquidated, because the forex market makers are absolute lunatics and like to do this kind of thing. But here's a super notable divergence between Cable and the DXY: Since lines are just lines, just look at the blips that compose the farthest right portion. Notice that cable made a higher high but DXY actually made a higher low? This indicates that DXY is likely about to pump, or at least that Cable making a higher high is really a stop raid. Moreover, look at the maximum "FAFO" that's emerged last week, which started in June, between the "Risk Free Rate" 10Y yield (ZN1 10Y TBond futures, an inverse representation of the yield) and the DXY. Going back to 2022, this has never happened before: Something is up for sure. And so the call for this is simple. Although there's no reversal pattern emerging yet on the cable hourly: If we see one appear on Sunday, or especially Monday London or New York session, it's equitable to find a short to take out the mid June pivot. You've got a potential 300+ pips on a raid back towards the June lows to set up a run to 1.33, which will net a potential 900+ pips if you do it right. If you feel the idea is suspect, well, just take a look at ES SPX Futures, which just did really the same thing and will probably take the low this week: I think the markets are set to decline heavily this year, which means risk off, USD up, something that I outline here: SPX/ES - An Analysis Of The 'JPM Collar' But I also think that we're about a month too early. Well. Do give it your best.
Long
by LordWrymouth
2
GBP/USD bulls eye a retest of 1.2800GBP/USD remains in a strong uptrend on the daily chart, although prices began retracing on June 16th. We're now looking for momentum to revert to its bullish trend. Whilst prices failed to hold above May high, they're now back above them having formed a 3-day bullish reversal pattern (Morning Star). A small bearish inside day formed due to the 3-day weekend in the US, and prices remain beneath a retracement line. But bulls could seek evidence of a swing low around support zones such as 1.2664/67 (weekly pivot point/May high) or the 1.2575 (volume node and lower 1-week implied volatility band). We're targeting the 1.800/50 area near cycle highs and the upper implied volatility band.
Long
by CityIndex
CABLE Surges as Resistance Gives Way - What's Next?We finally got the breakout of the resistance level @ 1.267 so what next ?? Personally, I'm exclusively focused on buying this pair, but with a calculated approach. We will be waiting for a pullback , as it presents an optimal entry point. On the chart, I've marked a potential buying scenario, where I anticipate a retracement towards the breakout area. Ideally, I'm looking for a drop towards the 1.263 region, which appears to be an attractive level for market liquidity. "We might experience this downward movement before Wednesday's CPI data, but only time will tell." In terms of target areas, my sights are set on the 1.305 region, which aligns with a significant weekly supply/sell zone. You'll notice this area marked by the red box on the chart. However, it's crucial to pay attention to the strong resistance level indicated by the prominent RED LINE within that box, positioned at 1.316. It's highly probable that price will be magnetically drawn to this level once we establish a position. Of course, managing risk is crucial. So, here's the plan: I'll be setting the stop loss below the last swing low on the daily charts. The specific level will depend on where we enter the trade, ensuring we have a good risk-to-reward ratio and peace of mind. To sum up the setup, we should be patiently waiting for a pullback to the breakout level, ideally dropping a little lower towards 1.263. Once there, I'll seek bullish confirmation on the lower timeframes, such as the 2-hour or 4-hour chart, before targeting the 1.316 resistance level. I will keep the post updated if this buying scenario plays out :) Hope you enjoyed the read happy trading!
Long
by TheFxAce
26
GBPUSD H4 | Bounce off 50% Fibo?GBPUSD is falling towards a key overlap support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 1.26734 Why we like it: There is an overlap support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 1.26062 Why we like it: There is a swing-low support that aligns with the 50.0% Fibonacci retracement level Take Profit: 1.27582 Why we like it: There is an overlap resistance that aligns with the 61.8% Fibonacci retracement level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
GBPUSD: 4HR Death Cross, LH and LL formation downtrendMaintaining my shorts on this pair with validation coming from the 50EMA (turquoise) crossing the 100EMA (white) which forms a death cross in the 4hr time frame. GBPUSD has failed to make a new higher high and so I'm expecting a push down to the recent low, we may break this immediately, or retrace back to the descending trendline that's now formed. We're making lower highs and lower lows which indicates a down-trend. Ultimately I'm expecting this pair to fall to below 1.22 in the coming weeks. Big FOMC release tomorrow, if the notes support Powell's recent hawkish stance then this will be bad for cable, then there is NFP on Friday which is a bit unknown. Fundamentally for GBP, recent data suggests inflation may be coming down, which suggests that the BoE may become less hawkish. Powell suggested a couple more hikes, which could mean Fed interest rates remain higher for longer. I'm also expecting a push up for DXY based on it's chart patterns. I'm staying short.
Short
by Finchcliffe
14
GBPUSD, H1 | Bearish reversal off key resistancePrice is testing a major overlap resistance and at the same time, seeing a bearish descending resistance line continue to weigh down on prices. A reversal from here could see prices drop all the way to the 1.2606 level - but take note that there's a risk level at 1.2659 which acts as our intermediate support. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
1
GBP/USD pulls back into key support clusterGBP/USD has pulled back from its highs and looks like it wants to build a base above the May 2022 high. An inverted hammer formed on the daily chart around the 10-day EMA and momentum has turned higher ahead of the European Open. The near-term bias remains bullish above Friday’s low and for an initial move to 1.2800 or around the 1.2850 highs. A break above which brings the 1.29 handle into focus, just below the upper 1-week implied volatility band.
Long
by CityIndex
GBPUSD H4 | Potential bullish bounce reversal?GBPUSD is close to a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target. Entry: 1.26949 Why we like it: There is an overlap support Stop Loss: 1.26250 Why we like it: There is an overlap support that sits above the 50.0% Fibonacci projection level Take Profit: 1.28275 Why we like it: There is a recent swing-high resistance Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
GBPUSD H4 | Reversal from 38.2% Fibo support?GBPUSD could fall towards a key overlap support and potentially reverse from here. We could see price bounce up to our take profit target. Entry: 1.26800 Why we like it: There is an overlap support that sits above the 38.2% Fibonacci retracement level Stop Loss: 1.25968 Why we like it: There is an overlap support that sits under the 50.0% Fibonacci retracement level Take Profit: 1.28278 Why we like it: There is a recent swing-high Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
GBPUSD: Supply Zone Needs To Clear For CABLE To Rise HigherGBPUSD Currently is at a very crucial level trading near 1.26600. This level represents such significance on the weekly & monthly chart, that if broken properly it could see this pair rise higher and the probability of targeting upcoming resistance would highly likely increase. Current 1.26600 level represents an important supply zone that is still intact. In order to confirm that this zone gets broken properly, the monthly candle should also close above it. After this has happened, a long trade could be executed to target the upcoming supply zone located at 1.30600. The minimum risk to reward ratio should be 1:1 ideally and stop loss placed below swing low. Note: This is just an analysis/view and not a trade signal. Once if the criteria is met, trade details would be posted in a separate post. Lets see what happens. Cheers
Long
by FX618Analysis
1