Could price be changing direction?As I watch the price action I am seeing a lot of fighting between the bears and bulls and we could see price change direction and go bullish on GU for a moment.
Gbp-usd
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.
indecisive price action! take cautionPrice does not have a solid direction so we are monitoring to see how it reacts to news. Looking for monthly lows to be taken before a direction is given.
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.
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.
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.
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❤️
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.
POTENTIAL TRADE SETUP ON GBPUSDHey Traders,
Check out this technical analysis on GBPUSD; it appears to be undergoing a small range pullback, potentially indicating a bullish momentum continuation.
However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
GBPUSD is approaching a key levelHey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.26450 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26450 resistance area.
Trade safe, Joe.
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.
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.
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.
GBPUSD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26300 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.26300 support and resistance area.
Trade safe, Joe.
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.
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!
The Bearish Price action continuesI had previously mentioned price is extremely bearish on GU. We got that push down for Thursday's sessions. From here it could retrace or just move sideways going into the new week. But have to wait for price to show its hand.
GBP USD My analysis on GBP USD.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Set and forget.
Trade carefully,
This is not financial advice, DYOR.
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.
Price pulling back but still bearishGU now looks like it might have ran out of steam pushing down and now needs to pull back to grab liquidity. Remaining cautious but looking for the next solid sell opportunity. for now I will take this as a opportunity to scalp the pullback.
GBPUSD to find support at previous resistance?GBPUSD - 24h expiry
Previous resistance at 1.2700 now becomes support.
Offers ample risk/reward to buy at the market.
Daily signals are mildly bullish.
Bullish divergence is expected to support prices.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
We look to Buy at 1.2700 (stop at 1.2666)
Our profit targets will be 1.2800 and 1.2820
Resistance: 1.2730 / 1.2760 / 1.2800
Support: 1.2700 / 1.2670 / 1.2650
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.
GBPUSD 17/3/24Second mark-up of this week from GU, now overall you will see this is again following the same basis as the last weekly mark-up we gave out expecting price to drop lower before moving up and taking out our highs.
We got our drop last week with some short term bullish price action to follow but we now have price sitting at the ideal point within the market and we are now ready for the main move to play out!
As shown we have 2 setups we would like to follow coming into this week, firstly would be more bearish PA leading us down into the lows and then going bullish once confirmed.
second setup would be a run of the highs then longing into the new high after a sort pullback.
Trade what we are given not what you want to see!
HelenP. I British Pound will rebound up of trend line to $1.2820Hi folks today I'm prepared for you British Pound analytics. A not long time ago, the price declined to the 1.2670 support level, which coincided with the support zone, and soon broke this level and declined even lower than the support zone. Later, GBP tried to back up, but failed and declined to the trend line, after which the price rebounded and made a strong impulse up. British Pound broke the 1.2670 level again and then made a retest, after which the price continued to move up in the pennant, where later GBP rose to the 1.2820 resistance level, which coincided with the resistance zone. Soon, the price broke this level and rose to the resistance line of the pennant, after which GBP turned around and declined below the 1.2820 level in a short time, breaking it one more time. After the breakout, the price made a retest and then declined a little, after which GBP tried to back up, but when it reached the resistance level, the British Pound at once rebounded down to the trend line. Now, GBP trades near this line and I think that the British Pound will make a correction to this line again, after which the price will rebound up to the resistance level. That's why my target is 1.2820 level. to If you like my analytics you may support me with your like/comment ❤️
