EURGBP H2 XABCD advanced buy/hold trade setup🔸Hello traders, let's review the 1 hour chart for EURGBP.
Speculative XABCD in progress, with PRZ/D set at 8380,
so expecting reversal / more gains in EURGBP after we hit C
🔸XABCD structure is defined by point X at 8370, point A at 8310, point B at 8355, point C at 8320, point D/PRZ at 8380, currently most points validated, point D/PRZ still pending, so traders should wait until we hit F before buying.
🔸Recommended strategy for EURGBP traders: wait for pullback/correction to complete at point C near 8320, buy/hold, SL 20 pips, TP1 +30 pips TP2 +60 pips. Final exit at 8380. Low risk trade setup.
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GBPUSD
GBPUSD to find buyers at previous support?GBPUSD - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A higher correction is expected.
Intraday signals are mixed.
Preferred trade is to buy on dips.
Bespoke support is located at 1.2610.
We look to Buy at 1.2610 (stop at 1.2565)
Our profit targets will be 1.2745 and 1.2800
Resistance: 1.2700 / 1.2750 / 1.2800
Support: 1.2600 / 1.2550 / 1.2500
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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.
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XAU/USD : Bull or Bear? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we can observe that yesterday, following the announcement of a potential ceasefire between Lebanon and Israel, gold experienced a significant drop, correcting by over 800 pips down to $2,605. This sharp decline created a major liquidity gap, which I anticipate will likely be filled as prices recover soon.
Additionally, today we have the critical CB Consumer Confidence data release, which could significantly impact the market and trigger high volatility. Be cautious with your trades and manage your risk effectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GBP/USD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GBP/USD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.246 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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+100/+200 pips gbpnzd m20 short from resistance short-term🔸Hello traders, let's review the 20 minute chart for GN today. Price
contained withing sliding bear channel previously rejected multiple
times from overhead resistance.
🔸Currently expecting price to pump into overhead resistance and
complete a double top at 1610, that's the likely PRZ level.
🔸Previously rejected from overhead resistance, sequence of lower
highs in progress and expecting yet another rejection into double top
and also re-action with the bear channel.
🔸Recommended strategy for GN traders: short sell high at 1610 SL 50
TP1 +100 pips TP2 +200 pips final exit at 1400. good luck traders!
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Potential bullish bounce?The Cable (GBP/USD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance.
Pivot: 1.2611
1st Support: 1.2485
1st Resistance: 1.2798
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GBPUSD H4 | Bounce off 38.2% Fibo?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2615, which is a pullback support that aligns with 38.2% Fibo resistance.
Our take profit will be at 1.2702, a swing high resistance.
The stop loss will be placed at 1.2539, which is a pullback support level.
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GBP/USD 1H AnalysisThe price has broken above a key resistance zone, which is now acting as support. This breakout signals potential bullish momentum.
✅ What I’m watching for:
If the price pulls back to the new support zone, it could present a good opportunity to enter a long position, but only with confirmation of buyers stepping in.
🚨 Plan:
Wait for clear signals, like bullish candlesticks or increased buying volume, to confirm the support holds before entering.
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British pound jumps, US PCE inflation meets expectationsThe British pound has posted sharp gains on Wednesday. In the North American session, GBP/USD is trading at .1.2669, up 0.81% on the day.
There are no UK releases today, but in the US it’s a busy data calendar. US GDP (second estimate) showed a gain of 2.8%, unchanged from the initial estimate. The economy is expected to show growth of 2.6% in the third quarter, below second-quarter growth of 3% but still a respectable clip.
The US economy has remained surprisingly resilient despite high interest rates, as the Federal Reserve tightened policy in order to contain inflation. The economy showed some cracks due to high rates but the economy has avoided a recession as the economy has been growing and the labor market has cooled but not collapsed. Consumer spending and confidence remain solid and this has helped propel economic growth. Consumer spending rose to 3.5% in the second quarter and consumer confidence increased in October.
The US personal consumption expenditures price index, which is the Federal Reserve’s preferred inflation indicator, came in as expected. The PCE price index was unchanged in October at 0.2% m/m, in line with expectations. Annually, the PCE price index rose 2.3%, matching the market estimate but above the September gain of 2.1%.
The core rate, which excludes food and energy, gained 0.3% m/m, the same as September and in line with the market estimate. Annually, the gain of 2.8% in October was up from the 2.7% gain in September and matched expectations.
The markets have raised the odds of a 25-basis point cut at the Dec. 18 meeting, even though both the headline and core PCE inflation readings rose in October. The probability of a 25-bp cut currently stands at 70% up from 59% a day ago, according to CME’s FedWatch tool.
GBP/USD has pushed above resistance at 1.2620 and is testing resistance at 1.2673. Next, there is resistance at 1.2729
1.2564 and 1.2511 are providing support
GBPUSD, higher to lower time frame breakdown.Greetings, traders! Welcome to this GBP/USD market analysis, where we focus on identifying higher-probability trading opportunities.
In this video, I’ll begin by analyzing the yearly down to the daily charts, highlighting key trading zones, and discussing the confirmations we look for to optimize our swing entries.
If you like the breakdown, boost the idea and follow to receive more ideas.
Trade safely
GBPUSD breakout higher loomingIntraday Update: As the FX market goes into month end flow trading (on a big US holiday week) the GBPUSD traders are paying very close attention to the 1.2620's. A break of this level today would allow for a move back to the 1.2725 level and near channel resistance. Massive US data dump today at 8:30am ET with prelim GDP, unemployment claims and durable goods orders. PCE a little later after.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26400 support and resistance area.
Trade safe, Joe.
AFTER THE FLOW: GBPUSD [+1]Trades Summary:
Total Trades: 3 (2 short, 1 long)
Success Rate: 100% (all trades were profitable)
Largest Profit: $975.78
Net Profit: $1,120.16
Trade Details:
GBPUSD: Modest profit of $48.00 from a long position.
AUDNZD: Net gain of $119.76 on a short position.
CADJPY: A significant profit of $994.67, showcasing the strength of this setup.
Risk and Drawdown:
Drawdown: None recorded (0%).
Sharpe Ratio: 0.87 (indicating good risk-adjusted returns).
Execution:
All trades were closed with profits, and the largest profit came from CADJPY.
GBPUSD SHORT TO $1.24300 (UPDATE)Once again overnight (Asia session) GU shot back up again towards our Wave 5 entry zone, rejected it again & is running 70 PIPS in profit so far.
Me & my Gold Vault Academy students understand that Wave 5 being the FINAL IMPULSE WAVE, means that wave will move slowly & trap in a lot of early buyers before it reaches its target. As an Elliott Wave trader, you need to learn to be generous with your SL as we are long term traders trading the higher TF’s, not scalpers👌
GBP/USD: Analysis , Can the Pound Find Support at 1.2400?The Pound Sterling is experiencing a sustained bearish trend, remaining under significant pressure following President-elect Donald Trump's recent announcement of a proposed 25% tariff on imports from Mexico and Canada, alongside a 10% increase on all imports from China to the United States. These developments are likely to strengthen the U.S. Dollar further, potentially driving the Pound and other currencies into another bearish phase against the Dollar.
As the market digests these tariff implications, investors are wary of the potential economic repercussions, especially as they pertain to trade relationships. The insistence on higher tariffs could lead to retaliatory measures from affected countries, creating uncertainty that weighs heavily on the Pound.
Looking ahead, analysts are closely watching the 1.2400 mark, which is recognized as a potential demand zone for the Pound. If the currency falls to this level, it may attract buying interest from traders looking to capitalize on a rebound. However, the overall sentiment appears to favor further bearish movement unless there are significant changes in the economic landscape or policy shifts.
In this volatile environment, market participants are advised to remain vigilant, as the unfolding situation may present both risks and opportunities.
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Silver Strategic Outlook 2025: Bulls will Target $40 USD 50% BUY🔸Hello guys, today let's review D1 price chart for SILVER. 5 waves
impulse in progress, currently wave 3 completed and we are entering
wave 4 pullback / re-accumulation stage right now.
🔸Well defined 5 waves structure, with two re-accumulation zones
in wave 2 / wave 4. Impulse projected to end in 2025 with wave 5
and bulls will target 40 USD. 40 USD will cap the upside in precious
metals and will result in ABC correction in 2026.
🔸Recommended strategy position traders: BULLS should focus on
buying low from the lows of the re-accumulation zone, so the best
entry to BUY/HOLD is near 27/28 USD. TP is 40 USD. 50% unlevereged
upside in this trade. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
26.11.24 Morning ForecastPairs on Watch -
FX:GBPJPY
FX:EURCAD
FX:GBPUSD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
I am travelling to Dubai tomorrow morning and as explained in the video, I will do my very best to get some forecasting posted for you guys!