XAU/USD : Liquidity Grab at $2733, Next Trend Awaits NY Session!By analyzing the 4-hour gold chart, we see that the price finally broke out of the neutral range of $2702-$2714 today, reaching as high as $2733 and clearing liquidity above $2727. After this liquidity grab, gold experienced a slight correction, retracing to $2717. Currently, the price is trading around $2722.
As the New York market opens, we’ll see if gold can establish its next trend. It’s still too early to declare a bearish shift, as the bullish trend remains intact until the price breaks and stabilizes below $2688. For now, consider these levels for positions:
Supply Zones: $2727, $2742, $2753
Demand Zones: $2717, $2711, $2703
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GBPUSD
GBPUSDHello Traders! 👋
What are your thoughts on GBPUSD?
This currency pair has found support upon reaching the bottom of the channel and a key support zone. A bullish move is anticipated from this level, with the price expected to rise at least to the top of the channel and the specified resistance area.
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XAU/USD : Key Levels $2717 and $2727 to Define Next Move! (READ)Analyzing the 4-hour gold chart, we observe that after rising to approximately $2725, gold underwent a correction down to $2703. Currently, gold is trading around $2708, and the key level to watch over the next two hours is $2717.
If gold fails to breach and stabilize above $2717, we may expect further corrections. Alternatively, gold might move above $2727 to collect liquidity, followed by a potential reaction to this liquidity pool, leading to a correction.
Stay tuned for updates once the confirmations are in place!
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GBPUSD - 1hr ( Intra Day Buy Targe Range 180 PIP ) ☑️ Pair Name : GBP/USD
Time Frame : 1hrs Chart / Close
Scale Type : Large Scale
The GBP/USD currency pair, analyzed on a one-hour chart with a focus on large-scale movements, has recently demonstrated a bullish breakout after surpassing a significant key level at 1.22900. This breakout was accompanied by a notable increase in trading volume, reinforcing the strength of the bullish sentiment. As the market has successfully breached this critical resistance point, it indicates a potential for further upward momentum. Traders and investors should remain vigilant for subsequent price action that could confirm the sustainability of this bullish trend, particularly as the market continues to respond to evolving economic indicators and geopolitical developments.
Best Break Our / Key level's 1hr Tf
☑Bullish After Break Out key level + High Volume / 1.22900 Point
🛡 Bullish Break Out Done
Bullish rise off 50% Fibonacci support?The Cable (GBP/USD) has reacted off the pivot which is a pullback support and could rise to the 1st resistance.
Pivot: 1.2245
1st Support: 1.2162
1st Resistance: 1.2369
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GBPUSD H4 | Bullish Bounce Based on the H4 chart, price is falling toward the buy entry at 1.22097, which aligns with a demand zone and a pullback support area. This level is expected to act as a strong entry point in the bullish setup.
Our take profit is set at 1.23519, targeting the 50.0% Fibonacci retracement level, marking a logical exit point for the trade.
The stop loss is set at 1.21054, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias.
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GBP/USD "The Cable" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/USD "The Cable" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated on the MA level breakout of 1.23400
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 1.26000 (or) Escape Before the Target
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Fundamental Outlook 📰🗞️
Here are some fundamental factors that could impact the GBP/USD:
Valuation Metrics:
Price-to-Earnings (P/E) Ratio: The current P/E ratio for the UK is around 15, which is slightly above the historical average.
Price-to-Book (P/B) Ratio: The current P/B ratio for the UK is around 1.2, which is slightly above the historical average.
Dividend Yield: The current dividend yield for the UK is around 4.5%, which is slightly above the historical average.
Economic Indicators:
GDP Growth Rate: The UK's GDP growth rate is expected to be around 1.5% for 2023, which is slightly below the historical average.
Inflation Rate: The UK's inflation rate is expected to be around 2% for 2023, which is slightly above the historical average.
Unemployment Rate: The UK's unemployment rate is expected to be around 3.5% for 2023, which is slightly below the historical average.
Monetary Policy:
Interest Rates: The Bank of England's (BoE) interest rates are currently at 0.75%, which is slightly above the historical average.
Quantitative Easing: The BoE has been engaging in quantitative easing to stimulate the economy, which has helped to keep interest rates low.
Fiscal Policy:
Government Spending: The UK government's spending is expected to increase by around 2% for 2023, which is slightly above the historical average.
Taxation: The UK government's taxation policies are expected to remain relatively stable for 2023, with no major changes expected.
Geopolitical Factors:
Brexit: The UK's exit from the European Union (EU) is still uncertain, and the outcome of the Brexit negotiations will have a significant impact on the GBP/USD pair.
US-UK Trade Relations: The US and UK are expected to negotiate a new trade agreement, which could have a positive impact on the GBP/USD pair.
Technical Analysis:
Trend: The GBP/USD pair is currently trading in a bearish trend, with a falling 50-day moving average and a bearish MACD crossover.
Sentiment Analysis:
Bullish Sentiment: 40%
Bearish Sentiment: 60%
Neutral Sentiment: 0%
Market Positioning:
Long Positions: 30%
Short Positions: 70%
Neutral Positions: 0%
Event Risk:
BoE Interest Rate Decision: March 18, 2023
UK GDP Growth: March 10, 2023
Brexit Negotiations: Ongoing
Correlation Analysis:
GBP/USD vs. EUR/USD: 0.8
GBP/USD vs. USD/JPY: -0.5
GBP/USD vs. AUD/USD: 0.3
Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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Levels discussed on 20th Jan 2025 Livestream20th January 2025
DXY: Currently below 109.40, break above, could trade up to 110 (previous swing high), beyond that, strong resistance at 111
NZDUSD: Sell 0.5575 SL 25 TP 60
AUDUSD: Sell 0.6170 SL 15 TP 40
GBPUSD: Sell 1.2150 SL 15 TP 40
EURUSD: Sell 1.0310 SL 30 TP 110
USDJPY: Buy 156.70 SL 40 TP 120
EURJPY: Sell 161.10 SL 40 TP 120
GBPJPY: Looking for reaction at 191.15
USDCHF: Choppy between 0.91 and 0.9150
USDCAD: Buy 1.4480 SL 30 TP 60
XAUUSD: Needs to stay above 2694 (trendline) to trade up to 2722 resistance
GBP/USD Maintains Bullish Momentum Above 1.2300GBP/USD continued its upward trajectory from Monday, climbing above the 1.2300 level as markets breathed a sigh of relief after newly elected U.S. President Donald Trump made a last-minute shift, delaying his plan for comprehensive and wide-ranging trade tariffs on his first day in office.
From a trend perspective, the pair is likely to sustain its bullish momentum in the short term, supported by the reversal of the EMA 34 and 89. Additionally, GBP/USD successfully broke through the resistance at 1.2296 and overcame the previous false breakout, turning this area into a new support zone.
Short Analysis of the GBP/USD Chart: Short Analysis of the GBP/USD Chart:
- *Current Price*: 1.22722 USD per GBP.
- *Resistance Level*: Around 1.23500 USD, marked as a rejection zone.
- *Support Trendline*: An upward trendline connecting the lows from January 10 to January 21.
- *Potential Movement*: Indication of a downward movement from the rejection zone, suggesting a bearish outlook.
target based on the provided GBP/USD chart analysis:
Bearish Scenario:
- *Initial Target*: If the price rejects the resistance level around 1.23500 USD and confirms a downward movement, the initial target would be around 1.22000 USD.
- *Extended Target*: If the bearish trend continues, a more extended target could be around 1.21000 USD, close to the next significant support level.
Bearish reversal off 61.8% Fibonacci resistance?GBP/USD is rising towards the resistance level which is a pullback resistance that lines up with the 138.2% Fibonacci extension and could drop from this level to our take profit
Entry: 1.2372
Why we like it:
There is a pullback resistance level that aligns with the 138.2% Fibonacci extension.
Stop loss: 1.2474
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
Take profit: 1.2239
Why we like it:
There is an overlap support level.
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GBPUSD trade idea for long.This is a technical analysis chart for the GBP/USD currency pair on a 30-minute timeframe from TradingView. Here’s a breakdown:
Entry Zone: Highlighted in red, this is the suggested price range for entering a long position.
Stop Loss (SL): Positioned at 1.21811, marking the level where the trade will be closed to limit losses if the market moves against the position.
Take Profit (TP):
TP1: Positioned at 1.22778, the first target for taking profits.
TP2: Positioned at 1.23443, the second target for taking additional profits.
Current Price: The live price is 1.22479, indicating the market is approaching the entry zone.
Risk-to-Reward Ratio: Based on the setup, this trade appears to aim for a higher reward compared to the risk.
This chart illustrates a bullish trade plan, where the trader expects the price to rise after entering the specified zone.
GBP/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.212 area.
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GBP/USD Today: Buy or Sell?Hello everyone, what do you think—should we buy or sell GBP/USD today?
Currently, the GBP/USD pair starts the new week with a slightly positive tone, reversing part of Friday’s losses. However, the upward movement lacks follow-through or strong bullish conviction. The pair trades around the 1.2180 level, gaining less than 0.50% on the day, and remains near the lowest level since November 2023, touched last week.
The pair is currently correcting within a wedge pattern, but this adjustment is likely to conclude soon, giving the advantage back to sellers. The long-term downtrend remains intact, as the EMA 34 and EMA 89 continue to signal a bearish direction.
GBP/USD: Pound Sterling Bounces Back as Market Sentiment ShiftsThe Pound Sterling (GBP) is showing resilience at the start of the week, bouncing back against its major peers. This surge can be attributed to multiple factors, with a notable influence from the recent developments in the UK government bond market. As the market digests the weak UK Retail Sales data for December, there has been a notable uptick in demand for UK gilts, signaling confidence among investors despite the bleak economic indicators.
At the same time, the broader market is experiencing heightened interest in risk assets as anticipation builds around U.S. President-elect Donald Trump's upcoming inauguration. This event has been a focal point for traders, leading to a reassessment of positions across various currencies, including the GBP.
From a technical analysis perspective, the Pound appears to be finding support at a crucial demand zone, indicating a potential rebound. If this area holds, it could signal a retracement that may provide traders with an attractive opportunity to enter long positions. This should be monitored closely, as price action around this demand area can reveal market sentiment and lead to further buying pressure.
Looking ahead, the next key event to influence GBP's trajectory is the release of UK employment data for the three months ending in November, set to be published on Tuesday. Investors will be keenly analyzing this data to gauge the health of the UK labor market in the face of ongoing economic challenges. Positive results could further bolster the Pound's position, while disappointing figures may lead to a recalibration of expectations.
As traders position themselves ahead of these economic releases, we are particularly bullish on the Pound Sterling. If the UK employment figures align positively with market expectations, it could fuel further momentum, allowing the GBP to extend its gains in the upcoming sessions. For those looking to capitalize on the potential upswing, a long position in GBP seems to be a prudent strategy, as the current technical setup and changing market dynamics suggest an advantageous window for entry.
In summary, the Pound's recent bounce is a product of both technical factors and broader market sentiment. With critical economic releases on the horizon, traders should remain vigilant and prepared to respond to evolving conditions as they unfold.
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GBPUSD What Next? SELL!
My dear followers,
This is my opinion on the GBPUSD next move:
The asset is approaching an important pivot point 1.2291
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.2216
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
GBP/USD Trade in Play – Why This Setup Could Be HUGEWhat’s great everyone? Mr. Blue Ocean FX here with an in-depth breakdown of GBP/USD.
We’re currently in a trade, having entered at 1.2297, with stops set at 1.2550. Let’s dive into the key levels and what we’re looking for moving forward.
On Friday, we identified a significant lower high around the 1.2297 level, which led to a strong impulse move down to 1.2104. After a pullback and rejection, price failed to make a new lower low, closing around 1.2151, and eventually breaking above resistance at 1.2210, creating a new higher high at 1.2297.
We waited for a pullback and a push above 1.2297, which we got, confirming our entry with volume supporting the move. Currently, I’m monitoring the H4 candle; if we see a break and close below 1.2272, we could expect a deeper pullback into the 1.2236 zone, which would present an opportunity for a second entry. However, I believe the fair value gap (FVG) around this level will hold, leading to consolidation before another push higher.
Looking at the DXY (Dollar Index) on the weekly timeframe, we had a strong push up from December 2nd to January 6th before topping out. It now appears to be rolling over, potentially forming a higher low before continuing higher. Today’s daily candle has broken structure, with a lower high forming around 109.33, suggesting short-term weakness in the dollar and potential upside for GBP/USD.
As we monitor price action, the next H4 candle close will be crucial. If price holds above support and volume supports the move, we anticipate further upside.
As always, keeping this breakdown short and to the point. If you found this helpful, boost it, like it, and share it with a fellow trader. Stay tuned for the next update.
Trump Bullish for USD! Farage Next for GBP?!With the way the media is promoting Nigel Farage more day by day & getting his face out there, I’m starting to think his been ‘selected’ as the next U.K. Prime Minister. They’re drip feeding the idea into the publics head.
Also, with the way the media is releasing more & more race hate content & dividing people, it’ll be ‘completely normal’ when a far right politician into power, as no one will question it or even think to say he had no support behind him. With all the race hate & division content being promoted by the media, we’ll see a lot more aggro against coloured people & immigrants. This’ll be the main factor used to make the public believe Nigel Farage was put into power by the public.
This is just my theory. Let’s see how it pans out!