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Sterling

GBPUSD - Short Term Bearish Analysis/ExpectationThis expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF - ETC
CME:6B1!Short
by SmartMoneySource
Joe G2H Trade: Selling GBPJPYTrade Idea: Selling GBPJPY Reasoning: Selling into short term downtrend resistance Entry Level: 170.22 Take Profit Level: 168.02 Stop Loss: 170.74 Risk/Reward: 4.2/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
1
JoeG2H - Selling EURGBPTrade Idea: Selling EURGBP Reasoning: Selling into horizontal resistance on the daily chart Entry Level: 0.8709 Take Profit Level: 0.8576 Stop Loss: 0.8754 Risk/Reward: 2.9/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
A nice GBPJPY swing trade to the downside has presented itself GBPJPY annual cyclic moves are at play. With the world markets in crisis the Sterling has been enjoying highs, a cyclic correction may be at play, technical analysis pointers support a swing to the downside, rejection to the upside has already occurred on the Daily TF, the uptrend channel is high likely going to respect swinging to the downside back to the 1.60's. As usual market manipulation would have retail traders consider buys, so we practice patience and wait for clear convincing candlestick moves to substantiate the bearish biased analysis. Commitment of Traders on the Chicago Mercantile Exchange is almost at equilibrium. I suppose we will see bears coming in in the next few weeks and have the hedge fund figures confirm
Short
by Marsho263
GBPUSD long/Buy ideaGBP/USD needs balanced GDP data to climb. The pound has been positive for several months, benefiting from the surprising economic strength of the UK. On the other hand, the US dollar has fallen behind, but the recent concerns about the global economy have moved the flows towards the safe dollar. Markets are mostly bearish today, with the only catalyst for their movement being non-farm payrolls data. In order to see the correction of the US dollar, despite the disappointment, we need below $200,000 to force the Federal Reserve to stop raising interest rates. But not so weak that it can ensure the flow of orders in US dollars. Weak wage growth will also help. In such a case, GBPUSD has the space to increase levels up to 1.252. But to enter the purchase transaction, one should wait for the failure of the 1.245 level to enter the transaction at this level in the pullback.
Long
by Alisabbaghi
EURGBP ShortThere’s been some decent swings in price lately. I believe the reason we witnessed such a dramatic rise and fall in price over the past two weeks was not so much due to euro strengthening over the pound, but because the pound weakened against the dollar more so than the euro. By this I mean that the pace of capital flight from pounds to dollars was more substantial than from euros to dollars. Due to uncertainties around US inflation data and interest rates It was only a matter of time before the latter caught up to the former which happened yesterday. Obviously a lower inflation figure for the pound adds extra selling pressure for the UK but I believe that the EU and UK are largely in a similar situation. Granted the ECB is firm on its next rate rise but I’m comfortable with the risks from here on. Let’s not forget that the UK is still in double digit inflation so a minor tick down is not overly surprising to me. Major central banks will have you believe that inflation is done, job finished. But I don’t buy it, not even close! But I guess we’ll see just how sticky our inflation problems are over the coming months. As you can see from the chart, the price is currently moving within a large ascending triangle (WHITE) with moderate divergence between the price relative to the indicators which suggests weakness when compared to the volume, which is actually quite low I may add. The price had a rejection of the ascending triangle support due to a cooler than expected inflation print. For this reason I believe that if the price can clear the 0.89 area, it will likely rise to the upper limits of the triangle (white) and rising channel (blue), with my POI being around the 0.8970-0.9050 are shown by the white circle. At which point I will be looking to sell this pair in anticipation of a move to the downside and continuing lower to 0.87’s. If the the price struggles to clear the 0.89 area then I will wait for a lower price sell confirmation. If the fundamentals have a shock surprise in store then I will reassess the situation and position myself accordingly. That being said, I believe this pair is still open to significant moves following US fundamentals as the US economy seems to still be running hot as can be seen from last months jobs report and today’s retail sales. Both coming in significantly higher than expected which will force Powells hand to turn up the dial on interest rates in a bid to calm inflation. As such, US data must be factored-in when deciding to trade this pair as recently, it is each currencies respective weakness to the dollar and not each other that seems to be the underlying theme. POI - sell around 0.900 area TP1 - 0.8770 TP2 - 0.8750 TP3 - 0.8720 If the price struggles to clear 0.89 (stranger things have happened) then i will likely wait for a clean break of the ascending triangle (white) before deciding to sell the pair. I asses my SL based on risk factors. It is not a mechanical percentage calculation. As always this is just a basic overview of my opinion and is not a detailed analysis so please do your own analysis and always trade with caution.
by jamesfrench73
CABLE H&S UPDATECABLE has been very interesting lately. Sterling has surprised with decent data but the overall outlook for the sterling fundamentally remains the same, the market is expecting one more rate hike. The strong data however is creating a very RANGY environment for this pair. We saw this when the last bearish move was RETESTED all the way to the 68 fib zone. My bias on this pair remains BEARISH however, and i believe that the USDX will continue to control the OVERALL DIRECTION of this currency pair. From a short term standpoint we can see a HEAD AND SHOULDERS pattern forming, with the HEAD being the afformentioned 68 retest of our bearish momentum. this is a strong indication that the pair will continue to move downward, so long as our NECKLINE is protected by price action. Look for a formation of a RIGHT SHOULDER here potentially coming, before the true trend takes over. Trail your stops on this pair folks it has been swinging back and forth and i expect it to CONTINUE to do so.
Short
by NakedTrading4U
5
GBPJPY sellAfter our Trade from yesterday, we have a new setup for today. Asia closed good. The price will spicke into our OB or even session high and then probably drop. If you want you can wait for a confirmation on a lower time frame, where you search for a ChoCH and an OB. $JPYBASKET is also about to hit our OB so that a reversal has a good change to happen. But I will enter directly when it hits our OB. Entry:162.050 SL: 162.200 TP1: 161.472 TP2: 160.500 TP3: 160.150 Would not recommend to risk more than 1%. Please like and comment what you think!
Short
by KurzRamon
3
Joe Gun2Head Trade - Short term top on GBPJPY?Trade Idea: Selling GBPJPY Reasoning: Resistance on the daily. Small top on the 60min. Entry Level: 161.15 Take Profit Level : 158.82 Stop Loss: 162.21 Risk/Reward: 2.2:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
1
Joe Gun2Head Trade - Swing failure on the daily chart on GBPCADTrade Idea: Buying GBPCAD Reasoning: Swing failure on the daily, possible short term bottom on the intraday Entry Level: 1.6175 Take Profit Level: 1.6346 Stop Loss: 1.6110 Risk/Reward: 2.61:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
1
Joe Gun2Head Trade - Bear flag on GBPCAD?Trade Idea: Selling GBPCAD Reasoning: Bearish flag on GBPCAD? Entry Level: 1.6421 Take Profit Level: 1.6272 Stop Loss: 1.6480 Risk/Reward: 2.5:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre