Gbppairs
GBPUSD CHART IDEAHey Traders,
Introducing BluetonaFX
A warm welcome to all the traders out there using this platform. Although we are new to TradingView, BluetonaFX is a professional group of traders who have over 15 years of experience in FX trading beginning in 2008, the year that heralded the second significant paradigm shift for retail traders after 1996 when retail traders were first able to trade currency pairs on their own computers.
We specialise in trading a select range of currency pairs, silver and crude oil. Our decision to move from the private space to a public platform via TradingView was in part driven by the countless stories we heard about retail traders being chopped up by the markets due to the lack of real professional guidance on how to trade and committed analysis of the markets on online platforms popular with retail traders.
We will gradually introduce our ethos, trading style and methodologies over the next few weeks.
Please review our 1H chart idea for GBPUSD. Price is currently ranging between two structures and failed to break out of the resistance structure which is being respected inline with the EMA6 trendline tuned for this currency pair. We are likely to see a support test below before a reaction.
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BluetonaFX
FX Opportunities 2nd MarchWow! As we forecast yesterday, the market is shaping up incredibly.
Today we have brought in some £ pairs as we have some very high probability trades that could be forming. These would be textbook, low risk set ups.
Also a small lesson on NZD/JPY for us all to learn from myself included which I feel could take so many losses off the table for people.
Rushing positions will not help at this point. Be patient and know what to look for. Good luck!
GBPNZD going short after channel break Price broke the ascending channel with a bearish candle, showing bearish momentum. Price then reversed to retest the channel, zone area and descending trend line, which forms a solid confluence. Multiple wick rejections form before the formation of a large bearish candle, showing the strength of the confluence and bearish momentum taking over. This gives rise to a sell opportunity.
GBP/CHF - could move very quickly down after 1.1690!GBP/CHF price action broke out of an ascending daily trend channel on the 8th September. This triggered a bearish impulse taking price right the way back down to the 1.1690 level. Last week we saw price 'take a breather' and retrace back up to 1.1825 and then react from a 4H descending trend line, which is now forcing price lower. If we get another break of 1.1690 AND a definite close beneath it, we can only see price continuing down to the lows from March sitting at 1.1250. There is extremely little in the way of support that could act as a potential barrier for this move which may mean that it happens relatively quickly. Keep an eye on this pair!
If price continues to close above 1.1690 this analysis would become invalid.
GBP/NZD 15m T.F analysis gbp/nzd could still retrace further before melting. break and retest of the trendline below would result in short posiotions. for now stick to buys. take profit one if breached take half positions out put stop loss to break even and let the rest ride to the final destination. if this fulfills we could be looking for shorts around 1.9325
GBP/CHF - bullish daily channel in an overall bearish trend?GBP/CHF has been another surprise over the past couple of weeks. After breaking below 1.69 back in Late-June we had expected price to continue down. However we have seen extremely choppy markets but constrained within an ascending daily trend channel.
The upper boundary of this daily channel is once again being tested today, alongside testing strong resistance at 1.2015. Although price has pushed through the 50 DAY and 100 DAY EMAs, as the overall trend is still bearish, we will be looking for confirmation of rejection from the resistance at 1.2015 for a potential short entry and then a retest of at least the lower channel boundary.
GBP/AUD - break from weekly trend channel and completed retestGBP/AUD has been moving within a weekly ascending trend channel since early 2017, apart from a few dramatic exits during the Yen crash in early 2019 and the intial Covid-19 spike, but even after these instances price returned inside the channel.
We can now see a clear break of the trend channel to the downside and also a possible completed retest of the lower channel boundary. Price appears to be pushing from this boundary, and with further bearish momentum we would be looking to take shorts on this currency pair, with the target of having price return firstly to the July low of 1.773 and then onwards to 1.744.