GBPUSD..4H bullish view..GBPUSD is forming double bottom pattern on daily support level after breaking daily uptrend ...expecting up move up to next resistance level with good long trade with good R/R ratio...be safe...
Cablelong
Will the GBPUSD Bullish Outlook Continue or Correction Coming?The GBPUSD pair is showing bullish signs, but a correction is likely. Our previous target of 1.24233 has been met, but new factors may impact the pair in the coming week. Despite the Chinese New Year holidays, market expectations for high-impact news releases such as Flash Manufacturing PMI and Advance GDP q/q may lead to volatility. GBPUSD is expected to reach for liquidity above the high of 1.24468 on December 14th, 2022. Look for reversal patterns for potential retracements and price action balance around the 1.20226 and 1.20000 levels. It's important to conduct your own research and analysis before making any trades.
What's your opinion on this idea? Please share with me in the comment below and also like and follow for more updates. Wish you all a profitable trading or investing journey.
GBPUSD (Cable) H4 Bullish Outlook! Will this happen next?The GBPUSD currency bullish force looks good for the coming week. The GBPUSD pair price seems to have cleared the minor resistance levels 1.2120 and 1.2140 and retested the same. So, we anticipate the price to continue to rally to the 1.2420 and 1.2450 range.
There is high-impact news that may effect significant price moves in this new trading week. Notable, among them is the Claimant Count Change and CPI data report in the UK which surely impact its currency the British Pounds GBP.
Also, we expect the US to release reports for Empire State Manufacturing Index, Retail Sales, Core PPI, and others.
With the expectancy of these data in the new week, the GBPUSD pair is likely to see high volatility.
Please me know what you think and follow up for more updates this week.
EURUSD Long/Bullish analysisLet's take a moment to revisit past event.
1. Eurusd has steadily been in an uptrend and we expect the trend to continue for atleast 3 months
2. Eurusd has been respecting the trend line. Furthermore, when the trendline broke and dip created,
on correction, price still held above the dip
So what can we deduce from the information above?
1. Short positions are temporary.
2. The trendline will hold most of the time.
3. We continue looking for buy catalysts especially along the trendlines and major support zones
GBPUSD (Cable) H4 Reversal likely here if this HappenGBPUSD, the cable is finding resistance at a price range of 1.19428 to 1.19140, as highlighted in our previously shared idea.
We anticipate that the GBPUSD pair will reverse at the critical support level. See the chart image for clarity.
The market is expecting some volatility later today due to the ISM Manufacturing PMI, JOLTS Job Openings, and FOMC Meeting Minutes reports. The details of these reports will determine to a very large extent if the support levels at 1.19428 and 1.19140 will hold or not.
Let's keep our fingers crossed. Please like this idea to help reach others and also follow me for support.
Many thanks for your time, and I hope to report back soon.
EURUSD Buy analysis-Congratulations everyone who made money with me. We now plot our next move as price has reached our anticipated weekly resistance.
-As we all know trading can get very boring at times. And i feel that the thrill has ended and we are about to jump into quite a boring
phase for a while.
-If you have been trading for some time, you have probably seen enough of the markets to know that there are two basic moods of the market, and these moods will be seen in any market in the world. There is the calm, drifting, directionless, choppy market as is evident in the yellow box.
- At times, the market will also exhibit strong, powerful explosions characteristic of what we have just witnessed. The market is always in one of these two moods.
-Continually, the market moves between these two states: the hyperactive trending market and the relaxed, drifting market. Just as there are low tides and high tides, hot days and cool days. Traders take advantage of these two moods in the market.
-The weekly resistance that we are on now will be the threshold by which you judge the movement of the market once again.
-I see a consolidation coming But at the same time will be looking for buy catalysts on areas of interest.
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?
GBPUSD 1.2050 Target Achieved, New Pattern EmergingTechnical & Trade View
GBPUSD Bias: Bullish Above Bearish below 1.1950
1.2050 Target Achieved, New Pattern Emerging
Technicals
Primary support is 1.1950
Primary upside objective 1.22
Next pattern confirmation, acceptance above 1.21
Failure below 1.19 opens a test of 1.1770
20 Day VWAP bullish, 5 Day VWAP bullish
Today’s New York Cut Option Expiries: 1.1840 (236M), 1.1865-70 (300M)
Institutional Insights
Analysts at Credit Agricole note 'The GBP could remain an attractive stagflation and risk aversion hedge for now. Soaring energy costs, labour market shortages, global supply chain disruptions and persistent Brexit-related headwinds continue to plague the UK economic recovery and thus complicate the BoE’s ability to normalise in the face of uncomfortably high inflation. This could keep UK real rates and yields negative and weigh on the GBP for now. In addition, the war in Ukraine as well as idiosyncratic risks related to Brexit could make the UK’s economic recovery less robust as well. In the longer term, recovering UK real rates and yields could usher in a cautious recovery for the GBP in H223'
GBPUSD / CABLE Long CABLE IDEA
This long idea is based on the 1H timeframe
What are your thoughts about this idea!
GBPUSD Intraday Short buy, an Elliot Wave perspectiveGBPUSD 4H An intraday outlook for Monday. On the Daily and Weekly TF, the momentum is still bearish. On 4H, the price is currently in the premium zone for sellers and it is in an ABC corrective stage. It is currently at a 50% retracement of the recent bullish impulse. If this failed engulfing area coupled with 50% retracement area holds, we would look for possible short buys for GBPUSD to complete its C wave. First target for short buys is the Swing High. Alternative outlook: If the area of the failed engulfing and 50% doesn't hold, we would look for a breakout of that area and look for a confirmed bearish structure on the LTF.
GBP/USD Long Setup +850 pips- We can see on the charts price rised with impulsive movement after reaching 1.0400 demand zone.
- Price started to make a consolidation then rised with a big bullish move (second impulse bullish move).
- We can observe a break of structure after the second bullish movement.
- Price may drop to 1.0800 demand zone to make a liquidity grab and then we may have a big bullish movement to 1.1700.
Central Banks Dealers Range This is something I want to try out. "Standard Deviation" which was presented in Mentorship. There is a probability price will go down to FVG which i mention yesterday. But also price might go up to take D time frame swing high. Let's see.
GBPUSD Trading The ImpulseIn this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives to target
GBPUSD VERY SPECIFIC REVERSAL POINTS 🤫Use appropriate risk and trade management. Split risk accordingly.
GBPUSDGBPUSD trade setup for today 23 sep 2022.
if 1.1211 support holds then will be looking to go long. and if it breaks we will be looking for more down side.
always wait for candle close at each of the marked out price points before placing your trades
GBPUSD Targeting A HVN TestIn this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives to target
SWING SETUP GBPUSD ( LONG TERM )Identified Pattern :
- Falling Wedges ( Potential )
Key Level Area :
Support :
a) 1.14 - 1.16 ( Buyer Zone )
b) 1.226 ( Equilibrium Prices )
c) 1.265 ( Falling Wedges Projection Price )
1.278 ( Fibonacci Extend 1.618)
d) 1.348 ( Weekly Support Become Resistance )
1.364 ( Fibonacci Extend 2.618 )
e) 1.425 ( Strong Resistance )
1.45 ( Fibonacci Extend 3.618)
GBPUSD SELL POSITIONS FOR TOMORROW (WITH TARGETS)*not financial advice*
- 15m chart
- 2 sell positions
- Targets Defined
- Good luck
Long on Cable (GBPUSD)Below is our Long cable prediction and risk parameters:
📈GBPUSD Buy Now 1.19100
✅TP1: 1.19600
✅TP2: 1.20100
❌SL: 1.18100
GBPUSD H1 - Long Signal 1.26GBPUSD H1
This is what the next entry would look like if we were to trade from that 1.26 whole number, we have seen a pullback to 1.26200 which ties in with previous R/S. But that whole number is typically the play we want to catch.
It makes more sense based on fibs, whole number, S/R and demand.
Buy Cable (GBPUSD)GBPUSD BUY: 1.35700
TP: 1.36800
SL: 1.35150
Buying Cable on the break out of the channel on the 4H chart, supported by general fundamental strength for pound sterling. Being careful on the downside and keeping our SL quite tight on this one, it could be a false breakout down, so not too tight.
EURUSD BULLISHLet's get that retracement in the 2nd quarter for that higher run. Euro has been taking a beating since last year post Covid, Brexit.... News is just the excuse to move the market
