6B or GBP/USD UP to 1.31 by end of Q3 fed hinting at rate cuts in future weaker dxy/ us dollar looking to long all xxx/usd pairs in the upcoming months
GBPUSD1! trade ideas
British Pound (GBPUSD) is getting close to 2007 crash!!!
CoT index shows Commercials(blue line) are in 3-year extreme low AND Retailers(green line) are in extreme high. Almost every time we are in this situation the asset goes down. The last time was May 2021 you can see what happened afterwards.
This is the CoT indicator of commercials net positions. Commercials net position is getting close to 2007 level where the big sell off took place.
Here is the 5, 10, and 15-year seasonality trends indicating that the market typically reaches a peak around August first. Therefore, it is expected to decline from that point onward.
British Pound Futures Down to 1.2300Hello,
We've identified a huge current opportunity to buy British Pound Futures with a high probability and a favorable risk-reward ratio
in the Weekly chart.
Our target is $1.2300 within a few weeks.
Ibrouri
GBP (GBPUSD, 6B1!) Weekly Forex Forecast.... BULLISH!Bias is Bullish, overall.
Price has formed several +FVGs on the way to the DOL.
Potentially, a pullback to one can propel price higher to the draw on liquidity at 1.2810.
I do not think price pullback further than this +FVG at 1.2745. This is also the location of the
Volume Imbalance seen on the Daily TF.
3:1 RR on British Pound Futures Hey everyone, Lord MEDZ here! In today's video, I'm going to break down an exciting trade I caught on Pound Futures this past Friday. Utilizing the smart money concept and the Wyckoff aka Turtle Soup setup, I'll walk you through my thought process, entry points, and strategy. Don't miss out on this detailed analysis and how you can apply these techniques to your own trading. Let's dive in!
EURUSD/GBPUSD: 05/27/2024 - 05/31/2024Long term macro perspective is bullish.
Lower timeframes are at premium valuation, so we can reasonably expect short term bearishness until the lower timeframes are have shifted higher from discount valuation.
GBP (GBPUSD, 6B1!, GBP Futures)... Bearish Friday
Expecting a pullback to the +FVG, then a rally back to the highs.
From External Liquidity to Internal Liquidity.
Am I right or am I right?
Let me know in the comments.
GBP (GBPUSD. 6BM2024, GBP FUTURES)... BULLISH!Bias is Bullish.
Came very close to the DOL, and
barely missed the FVG. I expect
both will be tapped next week.
The IFVG, price trading through
the swing high, and the +FVG, are
multiple confluences that support
the idea that price will find support
at these levels and continue higher.
Expecting price to tap the +FVG
before heading higher.
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Possible Big Short on 6B GBPUSD to 1.20436B looks possibly ready to sh*t the bed. Not confirmed yet, but I'll be looking to short if we get a bearish h8 cisd.
British Pound H&SI don't like trading GBP but this pattern seems intereting. British Pound is forming a H&S formation, a the neckline in this moement. Short trade.
GBP (GBPUSD, 6B1!) From Bullish to BEARISHPrice is currently in a W/D1 -FVG. Therefore, I am Bearish.
Look at the position of price in the trading range. Reached into Premium last week, then back into Discount a bit. We Open this week with price heading up, in the near term.
Looking for the signature for sells.
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GBP (6B1!, GBPUSD) ... BEARISH!Bearish.
Price has raided an old swing
low, and then mitigated a +OB.
Expecting a bullish reaction in
the near term, up to the local
lows. The market will resume
the bearish trend afterwards.
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All opinions are welcome!
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GBP futures 19/04/2024We took a trade previously on GBP with a loss of 0.5% - short, then took another trade after NFP confirmed direction on a swing strategy. along with COT data which helped to confirm the short sizing by the large contract holders we taken another short.
GBP futures 4/11/2024Prior to CPI and Prior to 4 weeks before the CPI of 4/11/2024
We had 4 weeks of sell signals through COT report.
Date - Net position
03/19/24 -78,920
3/12/24 -78,920
3/5/24 -64,123
27/2/24 -51,590
Because of these net position changes I have decided to short GBP.
So far Cotton short trade is correct currently making 4%
AUD Lost .5%
EUR Lost .5%
POUND FUTURES SELL SHORTWaiting for rejection off the liquidity zone.
Then I will look to sell from that zone.
Selling only after the break below the HMA and the retest of the liquidity zone
**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk management*
GBP turning the ship aroundWe like the weekly price action in cable futures and would flip from short to long. (Did you at least trim your short position when daily PA started getting hot the other week?) Keep an eye on the monthly chart too.
GBP/USD;) Liquidity grab in the market Trendline creating strong support but also a lot of liquidity My guess is Market will grab liquidity and Then Move Foward Only if Confirmation.
Elliot wave + H&S Pattern Big time frame show down trend
In my opinion correction is over and price seem to continue go down
Flat correction ABC and head and shoulder look confluent so I used it entry this order
1.200 is target with about 2 RR
GBPUSD 6B - Bears to Dominate Next Week?📉Bearish Bias Next Week 📉
🔴Weekly IRL Tagged
🔴Strong H4 Selloff After W-IRL Tagged
🔴Looking to Short into Weekly ERL
🎯Target: 1.2043
Selling climax already finished ?By Wyckoff logic selling climax might already pass
so mean reversal strategy use in this trade setup
momentum bullish divergence indicator such as ROC and MACD confirm this entry
6BV3On the backside of the short we can ape in for the bounce off the bottom, would not recommend futures as the open interest on the contracts will be low, options is how to play this. Safe side is sell the put (don't advise selling naked unless you can manage the trade at all hours) or a credit spread to hedge any risk. This will provide ample time to collect the premium through any volatile price actions. I will be buying the call (naked) this is a much riskier trade and the "WIN HERE" line is meant for me not sellers of the premium.
Disclaimer I took the trade out yesterday but still feel there is room to publish the idea. This is why I recommend selling the premium rather than buying the call.
GBPUSP (6B1!) Intraday trade - SHORTLooking like cable wants to retest the STONG support zone it broke recently.
As we know, when support breaks, it becomes RESISTANCE.
A good BREAKOUT entry would be below the 12:00am candle today.
Please remember, Jackson hole is today so exercise extra caution and if needs be, reduce your lot size. Remember, protect your profit.
GBPUSD (6B1!) Intraday trade - LONGThe news release was bad for the dollar.
it should soon reverse.
If the DXY falls off, cable should gain some strength.
Looking for a BREAKOUT LONG above the current 30 min candle. It seems like it has re-tested the bottom of the rage, so it makes sense to look for longs here.
Again, ONLY ENTER A BREAKOUT LONG ABOVE THE CURRENT 30 MIN CANDLE.
