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Cable

GBPUSD Bearish Impulse - Minor CGBPUSD is starting a Bearish Impulse in Minor C (orange). Wave B (orange) is most likely a Running Flat. However, based on Elliott Wave patterns, it could also reflect as an Expanding Flat. But I don't think so. I am going short on the Pound Dollar. GBPUSD tech. Analysis: * Elliott Wave: Ending Diagonal on Intermediate (C) (white). * Running Flat in Minor B (orange) * Sep '20 Bearish Fractal * 38.2% Fibonacci Retracement of Minor A (orange) * Up-Trend Breach * Channel Consolidation GBPUSD Trading Signal: * Entry @ 1.2170 * SL @ 1.2500 * TP1 @ 1.1800 / TP2 @ 1.1600 / TP3 @ 1.2500 * BUY STOP @ 1.2050 * Aggressive Entry @ Market Price * Moderate Entry @ 1.2320 *Safety Measure: when in the green, moving SL to BE. Many pips ahead! Richard, the Wave Jedi.
Short
by Lionheart-EWA
4
Potential Long Opportunity on CableBased on my past experience in the market, the price action algorithm has given us a potential long opportunity for GBPUSD. When price begins to reach into my POI at this area, I will be watching price action for signs of exhaustion and absorption. If I see the type of price action discrepancies that I like to see before entering a setup, I will be pulling the trigger on this move here for a low risk, high reward setup of over 1:10. I do my best to keep all my setups beyond 1:10 so I can ensure myself as many opportunities to profit as possible. A high reward typically trumps a high accuracy in the long run. Never risk more than what you can stomach losing on any one trade. The game is based on capital preservation 1st and risk management 2nd. Trade wisely.
Long
by jefferytheartist
sell the poundstagflation is the base case for the UK! I cant see the Tories winning in 24months time, so I expect the pound to start pricing in a Labour victory, which also means a spending round to get public services back to par! I really think the pound is now like a 3rd world country, when Labour comes into power, it will target the very rich, those who are mobile, and I suspect financial planning will start as early as 2023 and London house prices will take a massive hit. The BoE will have no choice but to cut rates and the government will have to rollback taxes, they are now the highest in peacetime. It could go the other way, but I don't know what will make it, certainly wont be Sunak, it has to be something like paying off all of its debt while the US and EU plunge into some kind of war or economic depression and the UK stays out!
Short
by Macro-Traders-Strategies
1
Potential GBPUSD Rollover Buy SetupThe Market Price Action Algorithm has presented us with a potential long opportunity at London Session Rollover. Depending on how price reacts at this level, I may place a buy trade. I'm expecting this area to be approached close to London session. If I start to see exhaustion of selling energy and nice wicks to the downside in this area, I will be entering the trade. Regardless of how tight the stop loss is on this trade, do not overleverage. The reason so many traders lose is because they choose to place unnecessary risk on each trade. The name of the game is staying in long enough to compound, not getting rich overnight. Trading is quite literally the tortoise and the hare parable. The market transfers wealth from the impatient to the patient. ...Which group are you in?
Long
by jefferytheartist
#GBPUSD - GO LONG AFTER THE FALL? - *SMT**SMT = smart money theory = see relasted tutoprial regarding what smart money is. Sm,art money is how the charts can be manipulated, and how y0ourself can be manipulated into believing a false sense technical analysis. With the price dropping in one day what iyt gained over the course of the week. The price has dropped below sell side liquidity levels, but to remain bullish needs to stay above a CERTAIN BULLISH ORDER BLOCK LEVEL, otherwise we could see the price turn right back around and go down for GBP, but I think the BOE will be quicker to adapt to the FED knowing the consequences now. S I would guesss that it is moving up into the the hourly fvg and then will get rejected above the premium by smart money, amnd that point it dips a little further, as to where y09ou can enter a second time afgter taking profit the first time around 1.22665 Enter again near 1.21420 if possible and continue to ride this up to 1.26090 to be safe. I have two entries both at 1.21420 First one reaches what is said above and you take your fiorst profit there, it could slip back down to the entrance or even further, into a small fair value gap below which I have prepared for on the second entry,. and ther stop losses at 1.21120 & 1.20525 the second run with the deeper stop loss also has a much larger target at 1.26090 ner the top of the bearish order block. the R:R is 6:1 and 5:1 respectively, so if this woprks out t he way I ho [e it doers in the next week or two, 10% can be added top the account if played correctly. I was once the smarrt money student who has become an instructor. Let's Hope my intuitions are correct about thias. With that said if you hit the first take profit but go out on the second sdtop loss, you should still be at a winning ratio. It's about how to grow yojur account. Everyday you won't hit a homerun. But if y0ou hold the bat long enough, the ball will go far. Cheers, Good Luck and Good trading.
by BodiesXWix
Joe Gun2Head Trade - GBPUSD grinding higher?Trade Idea: Buying GBPUD Reasoning: Grinding higher Entry Level: 1.2239 Take Profit Level: 1.2334 Stop Loss: 1.2196 Risk/Reward: 2.19:1 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 - Bulls in controlGBPUSD - Intraday - We look to Buy at 1.1970 (stop at 1.1875) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 1.2235 and 1.2660 Resistance: 1.2110 / 1.2660 / 1.3295 Support: 1.1760 / 1.1490 / 1.1215 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.
Long
by VantageMarkets