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GBPCAD corrective pullback supported at 1.8240The GBPCAD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 1.8240 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.8240 would confirm ongoing upside momentum, with potential targets at: 1.8510 – initial resistance 1.8600 – psychological and structural level 1.8690 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.8240 would weaken the bullish outlook and suggest deeper downside risk toward: 1.8160 – minor support 1.8076 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the GBPCAD holds above 1.8240. A sustained break below this level could shift momentum to the downside in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
15-minute timeframe analysis of GBP/USD Trend & Structure: Overall Trend: Bearish, confirmed by the consistent series of Lower Highs (LH) and Lower Lows (LL). Downtrend Line: A blue diagonal trendline is drawn connecting recent LHs, acting as dynamic resistance. Indicators & Tools Used: Alligator Indicator: Comprising three smoothed moving averages (13, 8, 5) – the lines are wide apart and aligned downward, confirming the downtrend. Fair Value Gaps (FVG): Marked in red zones showing potential imbalances or inefficiencies in price action where price may return. Recent FVGs are appearing near LHs, implying selling pressure. RSI Divergence Indicator (14, close): Current RSI value: 37.72 → indicates bearish momentum. Previous Bullish Divergences were marked on the RSI where price made lower lows but RSI made higher lows – however, these failed to reverse the downtrend sustainably. Trade Plan (as per annotation on chart): Setup: Sell Stop Entry Entry Level: 1.32048 Stop Loss (SL): 1.32447 (above recent FVG and LH) Take Profit 1 (TP1): 1.31658 (below last LL) Rationale: Selling continuation in bearish trend structure without divergence on RSI, supported by trendline and fair value gaps. Key Support/Resistance Zones: Resistance Levels: 1.32441 (Stop Loss Zone / recent LH) 1.32386 and 1.32333 (Alligator and FVG overlap) Support Zone: 1.31658 (TP1 and potential previous demand zone) Conclusion: This chart illustrates a trend-following sell setup in a clear bearish structure. The trader is planning to enter short upon a breakdown below 1.32048, anticipating a move toward 1.31658. The lack of current RSI divergence supports the momentum-based bearish continuation.
Short
by Musarrat_karamat
Trade Idea: I’m bullish on EURNZD.Euro Finds a Tailwind, Kiwi Faces a Crosswind 🌬️💶🐑 The euro just got a major boost — not from within, but across the Atlantic. With the US-EU tariff deal now secured, one weight has been lifted off Europe’s shoulders. Meanwhile, New Zealand’s momentum is slowing under the weight of rate cut expectations. This divergence could be tradable. 📈 Trade Idea: I’m bullish on EURNZD. Why I’m backing euro strength over the kiwi right now: ✅ The US-EU tariff deal is done, removing a major external risk for Europe 🧊 ECB is holding steady after eight cuts — signaling policy stability 📉 RBNZ is expected to resume rate cuts, with a 2.75% target by year-end 🔁 Business confidence in NZ is high, but consumer sentiment remains soft 💬 Speculators are net long EUR, and net short NZD The Eurozone isn’t booming — but it’s stabilizing. Industrial production is up, inflation is cooling, and a fresh wave of investor optimism is lifting sentiment. With tariffs no longer hanging over the ECB’s head, the pressure to cut further eases. That’s a fundamental tailwind. On the other hand, New Zealand is in limbo. Domestic confidence is improving, but the RBNZ is stuck in a global game — and that game still favors more easing. Markets are already positioning for it, with speculative bets on the kiwi flipping negative. EURNZD is one of the cleanest expressions of central bank divergence and shifting macro sentiment right now. Are you with the fortress or the flock? Let me know your view. 🧱🐑👇
Long
by Wainainarobert
1
GBP/USD EVALUATION = PASSGBP/USD EVALUATION = PASS This pair has been on our watchlist and it finally made a break below support with a good pullback into a strong resistance zone, timing was great (morning session), volume was great, engulfing candle great, S/R zone great.......but, momentum was low and although it made the hook, it was not strong enough. Also, we feel the market structure was only in a 2 leg and not 3 leg. Not every setup deserves our attention — and that’s the point. This is exactly where most traders go wrong — they force it. But if we’re truly following a strategy rooted in alignment, discipline means saying no just as confidently as we say yes. Passing on trades isn’t a missed opportunity. It’s a mark of growth.
by darlwright
GBPCHF oversold bounce backs capped at 1.0826The GBPCHF pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the falling resistance, suggesting a temporary relief rally within the downtrend. Key resistance is located at 1.0826, a prior consolidation zone. This level will be critical in determining the next directional move. A bearish rejection from 1.0826 could confirm the resumption of the downtrend, targeting the next support levels at 1.0653, followed by 1.0607 and 1.0545 over a longer timeframe. Conversely, a decisive breakout and daily close above 1.0826 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 1.0870, then 1.0936. Conclusion: The short-term outlook remains bearish unless the pair breaks and holds above 1.0826 Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation