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GBP (British Pound)

Potential bearish drop off 61.8% Fibonacci resistance?The Cable (GBP/USD) is reacting off the pivot an could potential drop to the 1st support. Pivot: 1.2565 1st Support: 1.2473 1st Resistance: 1.2633 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
For Shorts on GbpnzdHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. I am bearish on the pairs, more downside should be there. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
Short
by Shadowing_The_Big_Boys
GBP/CAD Forecast: Historical Trends and Institutional Sentiment The Pound Sterling's recovery has encountered a standstill amidst robust speculation regarding early rate cuts by the Bank of England (BoE). Concurrently, the GBP/CAD pair, after establishing a bottom within its channel around 1.68880, initiated a pronounced bullish surge, propelled by a convergence of technical and seasonal indicators. Technically, the price nears the 61.8% Fibonacci retracement level from the previous swing high, compounded by the presence of the volume point of control. In light of these factors, we have established two limit orders within this zone. Furthermore, there exists the potential for price rejection at the dynamic trendline within the bearish channel, in addition to the VWAP 200 periods. Historically and statistically, the GBP/CAD tends to exhibit a bearish trend during this period of the year. The latest Commitments of Traders (COT) report indicates a decline or negative sentiment among institutional orders, further suggesting a looming price drop.
Short
by FOREXN1
1
HelenP. I British Pound will make small move up and then fallHi folks today I'm prepared for you British Pound analytics. A few moments ago price declined to the resistance level, which coincided with the resistance zone, and soon broke it, after which continued to fall to the support level. GBP some time traded near this level, which coincided with the support zone and soon broke it too, after which declined to the trend line, where it turned around and started to move up. In a short time, the price reached the 1.2430 level, and broke it again, after which made a retest and continued to move up. Later GBP reached a resistance level, after which turned around and made an impulse down, breaking the trend line. But a not long time ago price turned around and started to grow, so, at the moment, I expect that the British Pound will make a small movement up, and then rebound down to the support level. For this case, I set my target at the 1.2430 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
3
Roaring 20's #FTSE100 to meaningfully outperform UK HOUSINGA BOLD prediction --- possibly to some people But I stand by this chart as a roadmap where I see #UK equities outperforming against the cash cow that has been UK #Housing The how's and what's and why's are unimportant But the key thing is for younger people struggling to get into UK housing Investing in #Stocks #Technology Innovation #AI and #crypto will reap HUGE dividends these next few years I have talked about the roaring 20's echo mania bubble before but as we see stocks indicies around the world breaking it only confirms my thesis!
TVC:UKXLong
by BallaJi
Buy GBP/CAD UK GDPThe GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further price gains in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying GBP/CAD) above the broken resistance level of the channel, ideally around 1.7120 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bullish targets lie at the following points, based on the channel and recent price movement: 1.7181: This target is obtained by measuring the height of the channel (from the base to the breakout point) and adding that distance to the breakout price. 1.7215: This is a further extension of the upside target, based on roughly twice the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally with some buffer around 1.7105. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you.
Long
by KABHI_TA_TRADING
4
Heading into 61.8% Fibonacci resistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 1.2537 1st Support: 1.2502 1st Resistance: 1.2564 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Expanded flat bullish scenarioEsteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody
Long
by mehdi47abbasi79
Sell GBPAUD UK Interest Ratethe GBP/AUD pair on the M30 timeframe presents a potential shorting opportunity due to the presence of a bearish pennant pattern. Potential Short Trade : Entry: Consider entering a short position (selling) below the broken support trendline of the pennant after confirmation. Ideally, this would be around 1.9000 or lower if the price continues to decline. Target Levels: 1.8871: This target is achieved by measuring the height of the flagpole (initial downtrend before the pennant) and projecting it downwards from the breakout point. 1.8807: This is a further extension of the downside target, based on roughly twice the height of the flagpole. Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the pennant, ideally with some buffer around 1.9042. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
9
British Pound can rebound down from seller zone to support lineHello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price made an impulse up inside the downward wedge from the support line to the resistance line, breaking the resistance level, which coincided with the seller zone. But later EURGBP turned around and in a short time declined to the support level, which coincided with the buyer zone, breaking the 0.8615 level one more time. Soon, the price broke the 0.8550 level and fell to the support line of the wedge, after which rebounded and in a short time rose higher than the resistance line, exiting from the wedge pattern and soon broke the 0.8550 support level again. After this movement, the price continued to grow inside the upward channel, where later GBP reached a resistance level, but at once rebounded and made little correction. A not long time ago price grew back to this level and at the moment trades very close. So, in my opinion, the British Pound can enter to seller zone, after which turns around and starts to decline to support line of the upward channel. For this case, I set my target at 0.8585 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
GBPUSD is heading to 1.24200-1.24000 Zone(5/9/2024)Right now, GBP/USD FX:GBPUSD is facing the BOE interest rate descision. current momentum is bearish and the price has broken a trend line. We believe the price move bearish until 1.24000. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.
Short
by fortunamarkets
Could price reverse from here?GBP/JPY is rising towards the pivot, which has been identified as a pullback resistance, and could reverse to the 1st support. Pivot: 195.45 1st Support: 191.71 1st Resistance: 197.37 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
GBPUSD - Short Trade Idea, Analysis, and ICT EducationHi friends, I hope everyone is doing well. In this video I share my analysis and bias with GBPUSD, I show you how I come up with this analysis, and I advocate additional confluences in your analysis as well as demonstrate what I mean. But please note, I am using ICT Concepts. If you aren't familiar, then it wouldn't make sense to you. However, you will probably have your mind blown anyway. No other concepts allow you to predict price action with accuracy before patterns form. As you know, I've been expecting a stronger USD and Weaker XXXUSD pairs. We have quite a few confluences going on which give me faith in this bias and narrative. You'll have to listen to me ramble in order to find out the sauces that I use for my bearish dish. Apologies to the lazy folks ;) I implore you to go into your own charts and study the same thing. If not, you'll be cheating yourselves. - R2F
Short
by Road_2_Funded
3
Rising towards 61.8% Fibonacci resistance?GBP/JPY is rising toward the pivot, which acts as pullback resistance, and could potentially reverse from this level to the 1st support. Pivot: 195.453 1st Support: 191.718 1st Resistance: 197.379 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
GBPAUD forming a bottom?GBPAUD - Intraday - We look to Buy at 1.8925 (stop at 1.8875) Price action looks to be forming a bottom. Bullish divergence is expected to support prices. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Preferred trade is to buy on dips. Bespoke support is located at 1.8925. Our profit targets will be 1.9045 and 1.9075 Resistance: 1.8985 / 1.9050 / 1.9110 Support: 1.8925 / 1.8895 / 1.8835 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA