Hey Traders, Check this trade setup on GBPCAD out. Following the simple price pattern, a break below the lower band of the ascending channel. Keep close watch
hello dear trader this price action look like roadmap for trading Maybe I couldn't get my point across in voice but the levels are completely clear stop loss need for any position good luck 🍀
Fundamental Backdrop The Claimant Count Change increased from 26.5K to 46.7K This shows that the number of unemployed people has increased, indicating the weakening economic health Technical Confluences Support at 1.24500 Idea With the fundamentals weaking the GBP, I'm expecting price to head towards the support at 1.24500 NOT FINANCIAL ADVICE...
Japan: High expectations for Q1 GDP, with persistent inflation concerns Japan’s preliminary GDP for Q1 is due on Wednesday and will provide the latest insight into the health of the economy. Bloomberg consensus expects an improvement to 0.8% Q/Q annualized from 0.1% in Q4 when the economy narrowly avoided a recession. While a broader reopening of the economy in...
The BoE's Policy Implications One noteworthy factor contributing to this optimistic outlook is the BoE's latest meeting. Despite the upgraded forecasts for growth and inflation indicating a higher threshold for the incoming data to surpass, it also hints at the risk of more persistent inflation that might necessitate further monetary policy tightening. "While...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.87400 zone, EURGBP is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.87400 support and resistance zone. Trade safe, Joe.
GBPNZD is rebounding on the 1D MA50, at the bottom of the thee month Rising Megaphone pattern. That is a bullish signal, which is further empowered by the neutral 1D technicals (RSI = 53.906, MACD = 0.003, ADX = 31.776) and the fact that the 0.382 Fibonacci level is holding. As long as the price trades inside the Megaphone, we will be long, targeting the 2.0...
TP3 @ 1.3970 TP2 @ 1.3570 TP1 @ 1.2840 BSO @ 1.2540 ⏳ BLO @ 1.2455 ⏳ 00:00 US Dollar Index Analysis 01:15 GBPUSD Curve Analysis 01:44 Entries and Targets 02:16 Sell Order (Pending) 002:53 Boost, Follow, Comment, Join
I've been closely monitoring current LTF price action and about to go short on this pair. We've retested last weeks broken dynamic support, and running out of steam right now. I'm seeing DXY continuing to grow, to at least 105 in the coming week or so. BoE hawkish sentiment, failure to get inflation under control, despite hikes gives the mark no confidence, and...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPCAD is overall bullish trading inside the rising channel in red. Moreover, the zone 1.68 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. As per my...
Trade 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....
UK: Labor data to keep Bank of England expectations hawkish The Bank of England has made it clear that the decision on June rate hike will be underpinned by the two sets of wage and inflation data out before the next meeting. The first of these unemployment and wage numbers will be out on Tuesday, with consensus expectations not suggesting any let up in concerns...
UK: Labor data to keep Bank of England expectations hawkish The Bank of England has made it clear that the decision on June rate hike will be underpinned by the two sets of wage and inflation data out before the next meeting. The first of these unemployment and wage numbers will be out on Tuesday, with consensus expectations not suggesting any let up in concerns...
Outlook on GBPUSD: last week we managed to catch the drop of the pair two times exceeding 150 points. looking at the pair we se that it has not managed to break above the resistance line. Now we see a reversal pattern rebounding off a key supply zone. Our view is still bearish but we will wait further confirmation before entering any trade. If price closes...
Hey Traders, in tomorrow's trading session we are monitoring GBPJPY for a selling opportunity around 169.500 zone, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently GBPJPY is in a correction phase in which it is approaching the retrace zone at 169.500 support and resistance zone. Trade safe, Joe.
After briefly breaking the 12-month high from May 2022 of 1.26670 this week, a wave of selling came in amid a big news week. The Bank of England (BoE) jacked up the UK Bank Rate to 4.5%, marking the 12th hike in a row. Despite two dissenting votes, the committee expects more tightening if price pressures persist. This could mean the rate peaking around 4.75% by...
GBP/JPY SHORT GBP/JPY is currently in a overbought market with the RSI being 82.25 so some kind of retracement is imminent , having also broke out of the Bollinger bands i am certain that GBP/JPY will short here I'm shorting around the 171.700 level with my stop loss just above the low volume node and expect the price the retrace to the previous support level...
Hey Traders, Check this sell opportunity on GBPAUS, after the break of the lower band ascending channel. Price went back up to retest and confluence with the previous OB / supply area. After the break of the ABC pattern, a sell opportunity can be look for. Alternatively, a break above the supply could mean more bullish movement Stay close.