TradingView Ideas
Elliott Wave View: GBPUSD is Approaching Support Zone (Fri, 22 Nov 2024)Short Term Elliott Wave View in GBPUSD suggests decline from 9.26.2024 high is in progress as a zigzag structure. Down from 9.26.2024 high, wave A ended at 1.284. Wave B bounce ended at 1.3047 as the 1 hour chart below shows. Wave C lower is now in progress with internal subdivision as a 5 waves impulse Elliott Wave structure. Down from wave B, wave ((i)) ended at 1.283 and wave ((ii)) ended at 1.3. Pair then resumed lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 1.294 and rally in wave (ii) ended at 1.3. Pair resumed lower in wave (iii) towards 1.2627 and wave (iv) rally ended at 1.272. Wave (v) lower ended at 1.2594 which completed wave ((iii)) in higher degree. Rally in wave ((iv)) unfolded as a zigzag structure. Up from wave ((iii)), wave (a) ended at 1.2689 and pullback in wave (b) ended at 1.261. Wave (c) higher ended at 1.2715 which completed wave ((iv)) in higher degree. Wave ((v)) of C lower is now in progress with potential target 100% – 161.8% of wave A. This area comes at 1.208 – 1.245 where buyers can appear for 3 waves rally at least.
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GBPUSD H1 I Bullish Bounce off (Fri, 22 Nov 2024)
Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.2605, which is an overlap Our take profit will be at 1.2564, aligning with the 127.2% Fibo extension The stop loss will be placed at 1.2636, a pullback resistance 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 (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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, previously FXCM EU Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
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dont take any trade now a goodn trader knows when to sit on his (Thu, 21 Nov 2024)
sit on your hands now and wait for asian session FX:GBPUSD $FXOPEN:XAUUSD. I am on a journey to flip 100 usd to 100k USD. Trust me, YOU should learn TO SIT ON YOUR HAND. THE BEST TRADE COME TO THOSE WHO WAIT .................................................... ... ....
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British pound falls to 6-month low, retail sales next (Thu, 21 Nov 2024)
The British pound has lost ground on Thursday. In the North American session, GBP/USD is trading at 1.2506, down 0.44% on the day. Earlier, the pound dropped as low as 1.2593, its lowest level since mid-May. It’s a busy Friday in the UK, highlighted by the retail sales report. We’ll also get a look at consumer confidence and the services and manufacturing PMIs. The UK releases October retail sales on Friday and the markets are bracing for a downswing. The market estimate stands at 3.4% y/y, compared to 3.9% in September, the highest since Feb. 2022. Monthly, retail sales are expected to decline by 0.3%, following a 0.3% gain in September. The UK consumer remains in a sour mood, as the cost of living and high interest rates continue to squeeze households. The GfK consumer confidence index is expected to remain unchanged in November at -21. The UK manufacturing sector has been struggling. The October PMI was revised downwards to 49.9, which indicates stagnation. The PMI has decelerated for three straight months and the weak global demand will likely continue to weigh on manufacturing in the months ahead. The market estimate for November stands at 50.0. The services sector is in better shape and has shown 12 consecutive months of growth. The PMI has also eased for three straight months, raising concerns about the health of the economy. The market estimate for November is 52.0, unchanged from the October figure. The US will also publish manufacturing and services PMIs on Friday, with little change expected. The Manufacturing PMI is expected to rise from 45.5 to 45.8, and the Services PMI, which has been showing solid growth, from 55 to 55.2. There is resistance at 1.2666 and 1.2702 GBP/USD pushed below support at 1.2618 and tested support at 1.2582 earlier
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Overall trend down, recommend selling!! (Thu, 21 Nov 2024)
Overall trend down, recommend selling!! GBPUSD has broken the Wave 3 low, indicating that bearish momentum is now likely to continue towards a new Wave 5 low. ⭕️Wave 3 Impulse Complete. ⭕️Wave 4 (3 Sub-Wave Correction) Complete. ⭕️Wave 5 Impulse Move Yet Pending.
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GBPUSD Potential Downsides (Thu, 21 Nov 2024)
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26400 support and ressitance area. Trade safe, Joe.
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Possible Long idea (Thu, 21 Nov 2024)
Its crucial to cose back inside the range for this idea to pan out
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BUY GBPUSD target 70 stop 20 (Thu, 21 Nov 2024)
BUY GBPUSD target 70 stop 20 Buy the #GBPUSD now @1.2586 SL @ 1.2566 and taregt @1.2650 The DXY hit new fresh high at 107.20 and this could be the TOP and we crash from here. SO the GBPUSD would be a great buy from
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GBPUSD SHORT TO $1.24300 (Thu, 21 Nov 2024)
GBPUSD has broken the Wave 3 low, indicating that bearish momentum is now likely to continue towards a new Wave 5 low. ⭕️Wave 3 Impulse Complete. ⭕️Wave 4 (3 Sub-Wave Correction) Complete. ⭕️Wave 5 Impulse Move Yet Pending.
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GBPUSD H1 short (Thu, 21 Nov 2024)
“Looking at GBP/USD on the 1-hour chart, I’m seeing signs of a potential drop. The setup suggests a good shorting opportunity, but I’ll wait for solid confirmation around key support levels before jumping in. Let’s see how this plays out.”
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