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GBP/AUD - Triangle Breakout (08.09.2025)The GBP/AUD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 2.0493 2nd Support – 2.0457 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KABHI_TA_TRADING
15
GBPUSD Pullback Toward 1.34800 as Dollar Struggles on Soft DataHey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around the 1.34800 zone. The pair is trading in an uptrend, with price currently in a correction phase as it approaches this key support/resistance level. Structure: The broader bias remains bullish, though price is retracing after recent highs. Key level in focus: 1.34800 — a significant area where buyers may look to re-enter in line with the trend. Fundamentals: The U.S. Dollar Index (DXY) is approaching 97.850 resistance while struggling to push higher following a series of softer data releases. Most notably, the recent soft CPI print has increased expectations for potential rate cuts, keeping pressure on the dollar and supporting GBPUSD’s upside outlook. Trade safe, Joe.
Long
by JoeChampion
17
GBPAUD to continue in the downward move?GBPAUD - 24h expiry Our short term bias remains negative. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 2.0650 has been pivotal. 50 4hour EMA is at 2.0622. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 2.0615 (stop at 2.0665) Our profit targets will be 2.0465 and 2.0435 Resistance: 2.0585 / 2.0620 / 2.0650 Support: 2.0487 / 2.0450 / 2.0400 Risk Disclaimer 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, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
1
Bearish reversal?The Cable (GBP/USD) is rising towards the pivot which is a pullback resistance that is slightly below the 78.6% Fibonacci r etracement and could revrse to the 1st support. Pivot: 1.3616 1st Support: 1.3208 1st Resistance: 1.3791 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
Bullish momentum likely to extend?GBP/USD is falling towards the support level, which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3487 Why we like it: There is a pullback support that aligns with the 50% Fibonacci retracement. Stop loss: 1.3451 Why we like it: There is a pullback support that lines up with the 78.6% Fibonacci retracement. Take profit: 1.3548 Why we like it: There is a multi-swing high resistance. Enjoying your TradingView experience? Review us! 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
GBPUSD H4 | bearish reversalGBP/USD is reacting off the sell entry which is a pullback resistance that lines up with the 61.8% FIbonacci retracement and could reverse from this level to our take profit. Sell entry is at 1.3457, which is a pullback resistance. Stop loss is at 1.3544, which is a multi swing high resistance. Take profit is at 1.3352, which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
GBPUSD H1 | Potential bullish riseGBP/USD is reacting off the buy entry, which is an overlap support and could rise from this level to the upside. Buy entry is at 1.3452, which is an overlap support. Stop loss is at 1.3398, which is a pullback support. Take profit is at 1.3536, which is a multi swing high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
Bullish bounce off?GBP/USD is falling towards the support level, which is a pullback support that aligns with the 50% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.3441 Why we like it: There is a pullback support that aligns with the 50% Fibonacci retracement. Stop loss: 1.3428 Why we like it: There is an overlap support level. Take profit: 1.3487 Why we like it: There is a pullback resistance that aligns with the 161.8% Fibonacci extension. Enjoying your TradingView experience? Review us! 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
GBPUSD – Supply Zone Bears on Watch!GBPUSD continues to trade within a broad descending channel on the 4H timeframe. Price is approaching a well-defined supply zone that aligns with the upper red trendline resistance. 📉As long as this area holds, sellers are expected to step in, making it a high-probability zone to look for short setups. A rejection from this level could push price back toward the lower boundary of the channel, keeping the bearish structure intact. Traders should stay cautious and watch for confirmation signals before engaging. ⚠️ Always remember: patience pays. Let the market come to you. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
3
GBP/USD Set to Drop to 1.03600SPREADEX:GBP / AMEX:USD (3W) The British Pound (GBP) is under siege, and the setup for GBP/USD screams downside. We're seeing a confluence of weak UK fundamentals, divergent monetary policies, and speculative positioning that's stacking up against Sterling. Elliott Wave analysis aligns perfectly with this—labeling an irregular expanded flat correction in a broader downtrend, targeting new lows below 1.03600 from the current 1.34310 spot. Weekly COT Report Highlights: • US Dollar (USD): Traders were net-short the US dollar by -6.1 billion (-0.5b w/w) • European dollar (EUR): Asset managers increased net-long exposure to a 19-month high • British pound (GBP): Large speculators increased net-short exposure by 6.2k contracts • Japanese yen (JPY): Net-long exposure rose 12.5k contracts combined across large specs and asset managers • Australian dollar (AUD): Traders most bearish in 16 months • Canadian dollar (CAD): Net-short exposure increased by 12k contracts • Crude Oil (WTI): Managed funds cut net-long exposure by -10.7k contracts, a 15-year low Hedge funds are aggressively shorting GBP/USD: ➖ Macro funds like Bridgewater are likely involved, with IG reporting a 150% surge in short positions amid UK fiscal risks (30-year gilt yields at 5.75%). ➖ Recent news (June-August 2025) highlights UK fiscal turmoil (record £14B bond sale), stagflation risks (inflation projected at 3.6%, growth at 1.0-1.3%), and trade headwinds from US tariffs. ➖ Economic data: UK GDP +0.3% QoQ vs. US +0.8%, unemployment rising, and PMI below average. Debt-to-GDP at 96%. ➖ Rates: BoE cut to 4% (3 more cuts by 2026), Fed at 4.25-4.5% (2 cuts in 2025), widening the differential. DXY forecast: Rebound to 98-100 by Q4, potentially hitting 100+, amplifying GBP/USD downside. Conclusion: GBP/USD likely to fall from 1.34310 to 1.03600, targeting 1.20-1.15 short-term. #GBP #GBPUSD #Trading
Short
by SergioRichi
Bearish reversal?The Cable (GBP/USD) is reacting off the pivot which acts as a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse to the pullback support. Pivot: 1.3461 1st Support: 1.3346 1st Reistance: 1.3540 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
Potential bearish drop off pullback resistance?GBP/USD is reacting off the resistance level, which is a pullback resistance that is slightly above the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3451 Why we like it: There is a pullback resistance that is slightly above the 50% Fibonacci retracement. Stop loss: 1.3488 Why we like it: There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement. Take profit: 1.3397 Why we like it: There is a pullback support that aligns with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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
GBPJPY H1 | Bearish drop offBased on the H1 chart analysis, we could see the price rise to the sell entry, which is a pullback resistance that aligns withthe 38.2% Fibonacci retracement and could drop from this level to the downside. Sell entry is at 199.12, which is a pullback resistance that lines up with the 38.2% Fibonacci retracement. Stop loss is at 199.51, which is a pullback resistance that lines up with the 61.8% Fibonacci retracement. Take profit is at 197.93, whichis a multi swing low support that lines up with the 61.8% Fibonacci projection. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
GBPUSD H4 | Price approaching key 50% Fibonacci resistanceGBP/USD is rising towards the sell entry which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to the downside. Sell entry is at 1.3439, which is a pullback resistance that aligns with the 50% Fibonacci retracement. Stop loss is at 1.3541, which is a multi swing high resistance. Take profit is at 1.3313, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
Bullish reversal off major support?GBP/AUD is falling towards the pivot which is a multi swing low support and could bounce to the 1st resistance. Pivot: 2.0460 1st Support: 2.0304 1st Resistance: 2.0658 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
Could we see a reversal from here?GBP/CAD is falling towards the pivot and could bounce to the overlap resistance. Pivot: 1.8408 1st Support: 1.8261 1st Resistance: 1.8629 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
Falling towards pullback support?EUR/GBP is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a swing high resistance. Pivot: 0.8667 1st Support: 0.86204 1st Resistance: 0.8738 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
Bearish reversal off major resistance?The Loonie (USD/CAD) has rejected off the resistance level, which is an overlap resistance, and could potentially drop from this level to our take profit. Entry: 1.3915 Why we like it: There is an overlap resistance level. Stop loss: 1.3857 Why we like it: There is an overlap resistance that lines up with the 61.8% Fibonacci retracement. Take profit: 1.3730 Why we like it: There is a multi-swing low support. Enjoying your TradingView experience? Review us! 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
Bearish reversal off major resistance?GBP/USD is reacting off the resistance level, which is an overlap resistance that is slightly below the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.3403 Why we like it: There is an overlap resistance that is slightly below the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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. Stop loss: 1.3461 Why we like it: There is a pullback resistance that aligns with the 61.% Fibonacci retracement. Take profit: 1.3270 Why we like it: There is a pullback support level.
Short
by VantageMarkets
EURGBP at Supply – Short Setup Ahead?EURGBP is testing a key supply zone while also entering the overbought region. Sellers could step in here, making it an interesting area to look for shorts. However, if buyers manage to break above, further bullish continuation may follow. ⚡ What do you think? 👉 Will the bears take control, or will the bulls push through? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
4
Could the market be setting up for a bearish reversal?The Cable (GBP/USD) is reacting off the pivot and could reverse to the 1st support. Pivot: 1.3525 1st Resistance: 1.3575 1st Support: 1.3446 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