Pound
Plan GBPJPY at July 24 | Short at 183.0xAfter Setup for Long and has taken profit 200 pips. I am backing with 1 Setup for Short with Entry at 183.0x
This setup is based on the SMC method and structure H4/D1 that I am using most of the time with previous ideas on Tradingview.
My ideas trading are usually simple and straightforward
I will update this Setup regularly
Let's comment/like if you agree or share more of your idea about my idea
Thank you and Have a good trade!
GBPUSD: Technical Analysis & Bearish Forecast 🇬🇧🇺🇸
GBPUSD broke and closed below a key horizontal daily support
and a major rising trend line.
The broken support and trend line compose the supply zone now.
I will expect a bearish continuation on the pair.
Next support - 1.2612
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GBPCHF: Bullish Outlook Explained 🇬🇧🇨🇭
GBPCHF formed an ascending triangle formation on a daily time frame.
Its neckline was broken on Friday and the market closed above that.
I will expect a bullish continuation on the pair.
Next resistance - 1.1225
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GBPJPY short on the horizon Given the chart pattern and overextended nature of this pair I’ll be looking to short this cross if the pound continues to gain in strength.
A short entry on this pair will be taken with considerable caution due to the divergence in monetary policies. That being said, given the UK’s lacklustre economy I think further rate rises, although needed, will be increasingly unpalatable for the BoE and so any sustainable strength in the pound may be unlikely in the weeks to come.
On the 1d, I’ll be looking to see future divergences between the price and the indicators, which I’m not currently seeing. The delta is fast approaching a resistance zone if the price continues to rise. All of these points will likely converge if the price hits my point of interest 175 - 176 (green zone).
GBPJPY | Trading Plan on July 20, 2023I am coming back to the GBPJPY Setup with the price going up and still use SMC strategy
Entry at 180.1-180.2 (Current price)
Target: 181.6-182.6
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My ideas trading are usually simple and straightforward
I will update this Setup regularly
Let's comment/like if you agree or share more of your idea about my idea
Thank you and Have a good trade!
🔥 NEW: GBPNZD 🔥 COUNTERTREND 🔥⚠️ A countertrend trade is a trade that is made against the prevailing trend. This means that the trader is betting that the trend will reverse and that the price will move in the opposite direction of the trend identified by P2P INDi Curve Analysis. countertrend trading can be a very profitable strategy, but it is also more risky than trend following.
-SL @ 2.0930 🚫
SLO @ 2.0845 ⏳
SSO @ 2.0725 ⏳
TP1 @ 2.0525 (shaving 25%)
TP2 @ 2.0350 (shaving 25%)
TP3 @ 2.0215 (shaving 25%)
TP4 @ 2.0000 (closing ALL Sell Orders)
Let's try this AGAIN, now that momentum is indicating price action is in overbought territory. That's great news for shorting this pair.
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GBPCHF: Price Action Analysis & Forecast 🇬🇧🇨🇭
GBPCHF is testing a strong horizontal resistance.
Here are multiple bearish clues that I spotted after the test of the underlined area:
the market was rejected heavily, forming a sequence of rejection candles,
the price formed a head and shoulders pattern and broke its horizontal neckline,
the pair violated a support line of an expanding wedge pattern.
I believe that the market will most likely drop lower soon.
Goals: 1.1117
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GBPUSD: Detailed Structure Analysis 🇬🇧🇺🇸
Here is my latest structure analysis for GBPUSD.
Horizontal Key Levels
Resistance 1: 1.3136 - 1.3142 area
Support 1: 1.2823 - 1.2848 area
Support 2: 1.2590 - 1.2611 area
Support 3: 1.2309 - 1.2320 area
Vertical Key Levels
Vertical Support 1: rising trend line
Consider these structures for pullback/breakout trading.
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GBP-USD Swing Bullish Bias! Buy!
Hello,Traders!
GBP-USD is trading in a
Strong uptrend and the pair
Broke the key horizontal level
Of 1.3 which reinforces our
Bullish bias and I think that
After the pullback and retest
We will see further growth
Buy!
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GBPJPY: Bearish Outlook Explained 🇬🇧🇯🇵
GBPJPY is falling after a test of a key horizontal resistance.
The price formed a double top pattern with a lower high
and successfully violated its horizontal neckline.
I expect a bearish movement to 180.53 / 179.88
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✅GBP_CAD NEXT MOVE|SHORT🔥
✅GBP_CAD will be retesting a resistance level around 1.7382 soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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GBP/USD bulls eye a retest of 1.2800GBP/USD remains in a strong uptrend on the daily chart, although prices began retracing on June 16th. We're now looking for momentum to revert to its bullish trend.
Whilst prices failed to hold above May high, they're now back above them having formed a 3-day bullish reversal pattern (Morning Star). A small bearish inside day formed due to the 3-day weekend in the US, and prices remain beneath a retracement line. But bulls could seek evidence of a swing low around support zones such as 1.2664/67 (weekly pivot point/May high) or the 1.2575 (volume node and lower 1-week implied volatility band).
We're targeting the 1.800/50 area near cycle highs and the upper implied volatility band.
GBPJPYWe took a late entry on this, not were our forecast was but we still made enough to add to our daily target. We reached it and crushed it. Did not expect to go in and out that quick but remember we do not own the market we are just participants of the movement.
Even after everything has happened there is still more information we need to pick up in order to prepare. We use as much information as the market gives us in order to plan and then trade.
GJA strong retest would have better had it happened before the drag down. I had not yet set my sell stop but had put this on my chart. There I'll wait before entering.
The blue rectangle was an area of sensitivity, our channel was showing the pullback/slow down of the big trend. Now we are in a new phase, so we watch for fakeouts and long bearish pressure