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Gbp-usd

Potential bearish reversalGBP/USD is rising towards an overlapping resistance zone, and a reversal from this level could indicate a double top pattern, which could lead the price to fall to our take profit target Entry: 1.26850 Why we like it: There is an overlap resistance level Stop loss: 1.28042 Why we like it: There is a pullback resistance level Take profit: 1.25387 Why we like it: There is a pullback support 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.
Short
by VantageMarkets
GBPUSD 7/4/23GU following our markups from way back at the start of this year, i am really liking the look of this markup along with its sister pair EU. Overall breakdown of this pair is for the weekly chart to produce a new low... we got this last week, following that structure bring made we now have to put in our weekly high to follow down again into a new low which again will lead us straight into our overall bias which is for price to follow the down trend direction and hit the liquid sorted out our major low to the left. Hourly chart gave us a shift higher breaking our last high as marked, showing us that we are most likely going to follow the bullish trend we created from that shift meaning we either go bullish to our POI above as marked or we hit our buyside origin and come down to put in a new hourly low to then carry price higher, either of these will work for us but i am more interested in the major sells to follow after this shift. follow price action trade your plan and read what price is telling you!
by PipSurfingSociety
GBPUSD has a strong downside momentum, could it fall further?The price is rising towards an overlapping resistance and could reverse from this level towards our take profit target Entry: 1.26919 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement and the Ichimoku Cloud Stop loss: 1.28015 Why we like it: There is a pullback resistance Take profit: 1.25873 Why we like it: There is an overlap support 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.
Short
by VantageMarkets
Potential bearish reversalPrice is rising towards a pullback and could reverse from this level to our take profit Entry: 1.25940 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement Stop loss: 1.26552 Why we like it: There is a pullback resistance level Take profit: 1.25270 Why we like it: There is a pullback support 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.
Short
by VantageMarkets
Potential bullish bounceThe price is currently at a key support level and could bounce from this point to reach our take profit target Entry: 1.35559 Why we like it: There is an overlap support Stop loss: 1.35158 Why we like it: There is a pullback support Take profit: 1.36139 Why we like it: There is a 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
Could GBPUSD bounce from here?Price is falling towards an overlap support level and could potentially bounce from this level to our take profit Entry: 1.25057 Why we like it: There is an overlap support level, that aligns with the 61.8% Fibonacci projection Stop loss: 1.24503 Why we like it: There is a pullback support level Take profit: 1.25825 Why we like it: There is a pullback resistance , that aligns with the 38.2% Fibonacci retracement 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 - Price can bounce up from support area to $1.2660Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Recently price entered a falling channel, where it soon declined to $1.2800 resistance level and broke it. After this, GBP tried to back up, but when it entered to resistance area, price at once bounced and continued to decline in channel. Soon, price reached support line and then bounced up to resistance level, after which turned around and fell back. Then GBP exited from falling channel and started to trades in flat, where price at once made fake breakout of $1.2600 level. Later price bounced from supprot area and rose to top part of flat, but in a short time fell back. Now, British Pound trades near this area in flat, and I think price can fall to it and then bounce up to $1.2660 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
Buy GBPUSD H4 Chart - ChannelGBPUSD Buyers Eyeing Opportunity : The GBP/USD pair on the H4 timeframe presents a potentially bullish opportunity due to a price nearing a breakout from a well-defined channel pattern. This suggests a possible shift in momentum and a higher likelihood of an uptrend in the coming days. Key Points: Buy Entry: Consider entering a long position (buying) around the 1.2600 - 1.2570 zone. This zone represents an attractive entry point near the potential breakout level. Target: The initial bullish target lies at 1.2820. Stop-Loss: To manage risk, place a stop-loss order below the lower support line of the channel, ideally around 1.2550. This helps limit potential losses if the price breaks down from the channel pattern and the downtrend resumes. Thank you.
Long
by KABHI_TA_TRADING
23
GBP/USD Analysis: Support Channel Breaks as Dollar Strengthens,GBP/USD Analysis: Support Channel Breaks as Dollar Strengthens, Retest of Demand Zone Imminent The GBP/USD pair has experienced a significant shift in momentum as the support channel, marked by the crucial level of 1.28063, has been breached. This breach comes amidst a notable surge in the value of the US dollar, which has exerted downward pressure on the GBP pair. Moreover, recent data indicates a pronounced strengthening of the dollar against various currencies, including the British pound. This strengthening has intensified the bearish sentiment surrounding the GBP/USD pair. In light of these developments, market sentiment suggests that the GBP/USD pair is now poised for a retest of the demand zone, situated around the level of 1.25030. This zone represents a critical area of support where buying interest could potentially resurface, leading to a temporary halt or reversal of the downward movement. Traders and investors are closely monitoring the price action around the demand zone for potential signs of bullish reversal or further downside continuation. Factors such as economic data releases, central bank statements, and geopolitical developments will likely play a crucial role in shaping the near-term trajectory of the GBP/USD pair. Overall, the breach of the support channel coupled with the prevailing strength of the US dollar indicates a bearish outlook for the GBP/USD pair, with attention now turned towards the retest of the demand zone for potential trading opportunities.
by Alexview009
GBPUSD I Falling towards pullback supportGBPUSD could fall towards a pullback support level and potentially bounce from this level to our take profit Entry: 1.25817 Why we like it: There is a pullback support Stop loss: 1.25376 Why we like it: There is a pullback support which aligns with the 61.8% Fibonacci projection Take profit: 1.26681 Why we like it: There is a 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 to see limited gains?GBPUSD - 24h expiry The medium term bias remains bearish. Price action looks to be forming a top. The sequence for trading is lower lows and highs. Rallies should be capped by yesterday's high. Bespoke resistance is located at 1.2660. We look to Sell at 1.2660 (stop at 1.2690) Our profit targets will be 1.2585 and 1.2565 Resistance: 1.2660 / 1.2690 / 1.2725 Support: 1.2600 / 1.2565 / 1.2530 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.
Short
by OANDA
Sell GBPUSD Bearish FlagThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish flag pattern. This pattern often indicates a continuation of a downtrend following a brief period of consolidation. Key Points: Sell Entry: Consider entering a short position (selling) around the current price of 1.2618, positioned near the resistance line of the flag. This offers an entry point close to the perceived continuation of the downtrend. Target Levels: Initial bearish targets lie at the following levels: 1.2556: This represents the height of the flag, measured from the top trendline to the bottom trendline, projected downwards from the breakout point. 1.2524: This is a further extension of the downside target, based on the height of the previous price movement before the flag formation. Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the flag, ideally around 1.2665. This helps limit potential losses if the price breaks above the flag pattern. Thank you.
Short
by KABHI_TA_TRADING
1
GBPUSD 24/3/24GU chart here on the hourly timeframe i am looking at again 3 setup ideas all will a line with the higher timeframe analysis as we spoke about in the EU markup. so overall we have a bearish shift into the higher timeframe bias alignment, i am looking for the following, a bearish shift to follow the current order flow on the hourly chart, this would lead us into the demand zone lower or we see a bullish run early on to lead us into the bearish supply zone highlighted above current price, mainly i don't expect it to shift bullish on the higher timeframe and think we will remind bearish for the start of this week at least. As always i stand open for price to either confirm or deny my idea and then we trade based off our rules being met! have a great trading week guys and trade safe!
by PipSurfingSociety
GBPUSD Potential Downsides as we approach the FOMCHey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.27900 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.27900 support and resistance area. as we approach the Fomc next week fed may go for another hike due to the persistent inflation as both CPI and PPI came hot plus the labour market is solid too in the US! Trade safe, Joe.
Short
by JoeChampion
15