The GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After...
The Cable (GBP/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 1.2634 1st Support: 1.2567 1st Resistance: 1.2763 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,...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPJPY has been overall bullish, trading within the rising channel in blue. At present, GBPJPY is approaching the upper bound of the channel acting as an over-bought zone. Moreover, it is retesting a strong round number $200. 🏹 Thus, the highlighted red circle is a...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 and H1 time-frames - Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair. - Price action is close to a Supply Zone - Price action is close to multiple Resistance Trendlines & top of Parallel Channel as well - Targeting the 38% Fibo retracement for...
FX:GBPJPY is testing trend support, but buyers are keeping the price away from risk zones. The currency pair is returning to the bullish zone relative to 193.5, which generally opens up the market to 195.0-197.0 upside potential On W1, the currency pair after a false breakdown of global resistance is moving back to 195.844, which generally tells us about the...
The GBPUSD pair is approaching the top (Lower Highs trend-line) of the long-term Triangle pattern, having also broken at the same time above the 0.618 Fibonacci. This is around the levels the pair started its previous topping process that led to the eventually Lower High of March 08 2024. We will take the sell when the 1D MACD forms a Bearish Cross and we will...
GBPJPY is almost overbought on its 1D technical outlook (RSI = 69.343, MACD = 1.720, ADX = 59.150) and is extending the bullish wave inside the 16 month Channel Up. The overbought technicals shouldn't be a factor for a bearish reversal as long as the 1D MA50 continues to support. We are confident with buying, aiming at the top of the Channel Up (TP = 208.000). ...
Preferred direction: SELL Comment: The shorter-term trade on the franc remains in effect. Here, selling outflowing levels is expected (scenario №1), as well as from the level of 0.91424 (scenario №2) . It should be noted that the franc is not the most attractive currency to buy against the US dollar, however, selling priority on the currency pair is more...
Preferred direction: BUY Comment: The British currency , like the euro , is considered for purchase this week, but not higher than 1.28000. The most likely scenario №1 assumes a pause and possibly a small downward correction, and only then growth towards the level of 1.28000 . The current resistance area at 1.27000 is a difficult obstacle for a buyer,...
EUR/GBP is falling towards the pivot and could bounce to the 1st resistance. Pivot: 0.8499 1st Support: 0.8474 1st Resistance: 0.8531 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...
I checked GBP tri-monthly chart which is not usually posted here -- and the pair is already telling us something on the direction it wants to go at broader long term spectrum. On the tri monthly data, GBP has started shifting its trend --- bouncing off it perfectly on a 38-year long standing very solid support. The pair's last visit to this price range was on...
Price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 1.9313 1st Support: 1.9093 1st Resistance: 1.9429 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...
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. Thank you for...
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.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPUSD has been overall bullish, trading within the rising channel in blue. At present, GBPUSD is approaching the upper bound of the channel acting as an over-bought zone. Moreover, it is retesting a strong supply zone. 🏹 Thus, the highlighted red circle is a strong...
GBPCHF is in an uptrend. The price has an opportunity to test the resistance zone 1.16814-1.17207. If the price cannot break through the level of 1.17207, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
The 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...
Sell GBPAUD H&S Pattern in m30 Entry @ 1.9054 TP - 1.8950 SL - 1.9110 Thank you