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Sell GBPUSD CPI DataThe GBP/USD pair on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a wedge pattern. Possible Short Trade : Entry: Consider entering a short position (selling GBP/USD) below the broken support trendline of the wedge after confirmation. Ideally, this would be around 1.2720 or lower if the price continues to decline. Target Levels: 1.2678: This target is achieved by measuring the height of the wedge (from its apex to the breakout point) and projecting it downwards from the breakout point. 1.2650: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the wedge, ideally with some buffer around 1.2730. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
Could GBP/AUD bounce from here?Price is falling towards a support level which is an overlap support that aligns with the 50% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 1.90167 Why we like it: There is an overlap support which lines up with the 50% Fibonacci retracement. Stop loss: 1.89433 Why we like it: There is a pullback support level. Take profit: 1.91494 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Potential bullish rise?GBP/USD has just broken out of a resistance level which is a pullback resistance and could rise from this level to our take profit. Entry: 1.2698 Why we like it: There is a pullback resistance level. Stop loss: 1.2635 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Take profit: 1.2797 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci projection. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Is a rate cut imminent? Watching incoming UK Inflation data Is a rate cut imminent? Watching incoming UK Inflation data "The next move will be a cut," Bank of England's Andrew Bailey stated in response to a question about the Governors thoughts on interest rates during a speech at the London School of Economics. This does not mean the next decision will immediately be a cut; rather, rates will remain stable until a cut is implemented, effectively ruling out any rate hikes for now. This is an important distinction. The timing for cutting interest rates remains uncertain though. In the last decision, only two of the Committee's nine members voted for a rate cut. Helping decide when the cut will come will be the revelation of the UK latest inflation data, due very soon. UK inflation could be approaching a huge milestone, with some predicting that a sharp drop in the April figures will bring the headline rate below the Bank of England’s 2% target. This would be a significant decrease from the current rate of 3.2% and could determine whether a June interest rate cut is warranted, according to economists. On the GBP/USD chart, the previously dominant peak of April has been surpassed by pound bulls. The next challenge is to surpass late March’s surge to 1.2800. If achieved, the next resistance level could be the year-to-date high of 1.2893. However, recent consolidation may indicate a decline in bullish momentum. For the exact date and time, import the BlackBull Markets Economic Calendar to your email inbox.
by BlackBull_Markets
Canadian CPI Today, British CPI Tomorrow#GBPCAD EASYMARKETS:GBPCAD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Heading into pullback resistance, could it reverse?GBP/CAD is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 1.7340 1st Support: 1.7234 1st Resistance: 1.7407 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
2
Heading into pullback resistance, could it reverse?GBP/NZD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 208794 Why we like it: There is a pullback resistance which lines up with the 38.2% Fibonacci retracement. Stop loss: 2.09653 Why we like it: There is a pullback resistance. Take profit: 2.06809 Why we like it: There is a pullback support. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Could EUR/GBP bounce from here?Price is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 0.8547 1st Support: 0.8530 1st Resistance: 0.8581 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
R2F Weekly Analysis - 19th May 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. Without any prior preparations on the chart, I'm going to go through various pairs, and giving a real-time view of how I perform my analysis on the weekends before the new week. I'll give my take on what has been happening, and what i'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it! If you are lazy to watch the video, which is your loss as you will miss how I analyse the market, the TLDR is that my bullish Dollar bias is on hold until I can see May's candle closes. However, I am slightly leaning for a possibly bearish Dollar to the Yearly Bisi below, but as we know things can change in an instant as this year is also election year in the USA. All my analysis of other pairs revolve around my opinion of the DXY. Hit me up if you have any analysis request or just want to learn how to do all of this independently by yourself. - R2F
by Road_2_Funded
EN and GN still bias on downside...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bias still on the downside, bounce would be coming but likely to still look for shorting opportunities for this EURNZD and GBPNZD Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
GBPCAD DAILY ANALYSIS Hello, traders here is an analysis of GBPCAD next week As you can see the price has been bullish for the past few days and now it is in the resistance zone (green zone) that has been tested multiple times and you can see that the price created an inverted head and shoulders pattern that signals bullish move so now I am going to wait for the price to break the resistance zone then wait for a pullback to the resistance zone then look for bullish opportunities.
Long
by dlaminisya
British Pound can reach seller zone and then start to declineHello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a not long time ago started to trades inside a downward wedge, where it rebounded from the support line and rose to the resistance line, coinciding with the resistance level with the seller zone. After this move, GBP turned around and in a short time declined to the buyer zone, breaking the support level and soon declined more and reached the support line of the wedge. Then price rebounded from this line and soon exited from the wedge, after which continued to move up inside the upward channel, where GBP soon broke the 1.2450 support level also. After this, the price rose to the resistance line of the channel and then corrected to the support line, after which rebounded and in a short time rose to the resistance level. At the moment, GBP continues to trades near this level and I think that the British Pound can reach the seller zone and then start to decline to support line of upward channel. For this reason, I set my target at 1.2575 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
GBPUSD most important demand zones to watchHey Traders, above is a technical overview on GBPUSD and the most important demand zone to watch, GBPUSD was trading in a downtrend but successfully managed to break it out following the recent soft CPI data, so in today's trading session our direction have changed and we will be mostly focusing on potential upsides. the first zone we will be watching is 1.26300 which was an important resistance in which we will be watching a potential retrace from there, in case of a breakout of that zone we will be watching the second demand zone mainly from the uptrend combined with 1.25900 support and resistance area. Trade safe, Joe.
Long
by JoeChampion
4
Potential bearish drop?The Cable (GBP/USD) is rising towards the pivot and could potentially reverse from this level to the 1st support. Pivot: 1.2695 1st Support: 1.2606 1st Resistance: 1.2796 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Huge Number of Trading Opportunities Next Week The major trading opportunities next week could be front-loaded, with significant events occurring from Monday to Wednesday. USD Seven Fed officials are scheduled to speak on Monday and Tuesday, followed by the release of the FOMC meeting minutes on Wednesday. AUD The Reserve Bank of Australia will release the minutes from its latest interest rate decision. This should help shed light on how accurate economists' forecasts are for a September rate cut. CAD Canada's inflation data is due on Tuesday, with forecasts predicting a slight decrease to 2.8% from the previous 2.9%. This data could be crucial for assessing the Bank of Canada's next moves. NZD Perhaps the most important event for the NZD is set for late Tuesday when the Reserve Bank of New Zealand is expected to maintain its official cash rate at 5.5%. GBP On Monday, Bank of England Deputy Governor Ben Broadbent will make a public appearance, followed by a speech from Governor Andrew Bailey on Tuesday. Additionally, UK inflation rate data, expected on Wednesday, is anticipated to show a significant drop to 2.7% from 3.2%.
TVC:DXY
by BlackBull_Markets
GBPAUD iin the box right now, but could be interesting later onEASYMARKETS:GBPAUD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets