In the absence of high-impact events from the UK this week, the anticipation of the testimony by Fed Chair Jerome Powell on Tuesday and Wednesday as he delivers the semi-annual monetary policy report to lawmakers is on everyone's radar. Obviously, his comments will shed light on whether stakeholders are in tune with the central bank’s view on how high it will have to raise rates to knock down inflation. From a technical standpoint, this video shed light on what to look out for in the charts as bullish activities from last week's trading session may linger into the new week.
00:48 Reference to last week's daily commentaries and results
04:27 GBPUSD Technical analysis on Daily chart
04:35 Macroeconomic events to look out for the week
10:12 GBPUSD Technical analysis on 4H Timeframe
12:40 Conclusion on next week's expectation on GBPUSD
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
00:48 Reference to last week's daily commentaries and results
04:27 GBPUSD Technical analysis on Daily chart
04:35 Macroeconomic events to look out for the week
10:12 GBPUSD Technical analysis on 4H Timeframe
12:40 Conclusion on next week's expectation on GBPUSD
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
Trading below our key level for the week at the $1.20500 level; the price is caught within a channel hence the need to be patient for a breakout or breakdown for trading opportunities.Good morning
Trade active
Sell position triggered at the breakdown of the 1.20250 level; secure sell positionNote
Price action takes out the sell position at break-even as buying pressure resumes.Trade active
Trade active
Selling pressure resurfaces below the 1.20500 levelTrade active
Buying pressure resumes again as price action takes out sell position to trigger buy position. Update coming soonGood morning
Trade active
Just as discussed during our live studio session this morning, a retest of the structure should trigger sell stop order below the 1.20250 level. Time to secure sell positionTrade active
Quick updateTrade active
Secure all sell positionsTrade active
Looking forward to seeing how price reacts to the 1.19000 levelTrade active
Secure all sell positionsTrade active
A total of 430 pips in profit ( 3 positions) running in profit, secure all sell positionsTrade active
Secure all sell positions as price action consolidatesGood morning
Trade active
During our live session today, we identified a simple setup on the 15 minutes timeframeTrade active
Secure the current buy position as selling pressure resumesTrade active
We are not getting carried away with this bullish momentum as the current structure still has a high chance of selling opportunities hence the need to set our sell positions. Update coming up soonTrade closed manually
Following positive ADP data; volatility grips the market taking out all existing positions. The current structure still looks more bearish. Update coming up soonTrade active
Buying pressure continues as the bullish trendline will be our yardstick for trading opportunities for todayGood morning
Trade active
Trade closed: target reached
Trade active
After hitting the TP target, selling pressure appears to resume as price action rejects the potential sell window identified during our live session today. The 1.19000 level will be a yardstick for selling opportunities.Trade active
Structural adjustment for selling opportuntiesTrade active
Secure the recent sell triggerTrade active
After being taken out, we still have a sell order below the 1.19150 level as the price remains within the potential sell window.Good morning
Trade active
20 minutes in to the NFP selling pressure continuesTrade active
Secure buy position
Trade smart. Trade consciously
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade smart. Trade consciously
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.