What is running through the trading range today? The 200DMA on the downside, the 1W 35EMA in the middle and the 35EMA on the 30min near the top. Should be a fun day here. Expected move 5690 to 5865 (+/- 1.38%)
Hi there, Gold seems to be in an up-trend, currently holding above 2882.104. I anticipate for price to continue rising with two price targets for a bias of 3063.041. It has the potential to drop but the bearish phase is a high-risk scenario. Happy trading K. Not trading advice
? Trade Execution & Technicals Pair: GBP/USD Timeframe: 15M Trade Type: Long Position Entry: 1.2816 – Price rejected key Fibonacci retracement level (0.62 Fib) after a liquidity sweep Stop Loss: Below 1.2800 Take Profit Levels: TP1: 1.2862 (-0.27 Fib extension) ✅ Target TP2: 1.2883 (-0.62 Fib extension) ✅ Target Technical Confluence: Fibonacci Retracement Levels: Price bounced off the 0.62 retracement (1.2816) Market Structure: Higher low formation confirmed bullish continuation Institutional Liquidity Grab: Price swept sell-side liquidity before reversing bullish ? Trade Outcome ✅ High-Probability Long Setup Both TP1 & TP2 levels hit with strong bullish momentum Risk-to-Reward Ratio (RRR) > 1:3 Price action confirmed bullish institutional positioning ? High-Impact News That Influenced GBP/USD UK S&P Global Services PMI (Actual: 51.0 vs Forecast: 51.1) – Slightly weaker, but still expansionary US ADP National Employment (77K vs Forecast: 140K) – Weaker than expected, USD pressured BoE Treasury Select Hearing (Hawkish Bias) – Supporting GBP strength US ISM Manufacturing Prices & Business Activity Upcoming – Expected to increase USD volatility ? News Summary: Weaker-than-expected US jobs data pressured the USD, providing momentum for GBP/USD upside GBP remained resilient despite mixed PMI data, benefiting from USD weakness ? Volatility & Liquidity Insights ? Prime Market Terminal Key Data: GBP/USD Average True Range (ATR): 1-week ATR: 0.81% 1-month ATR: 0.86% Institutional Liquidity Insights: High liquidity buildup in the 1.2800-1.2820 range, acting as support Strong order flow pushing GBP/USD higher post-US employment data release ? Institutional Positioning & Market Flow ? Commitment of Traders (COT) Data & Smart Money Insights: Dealer Positioning: GBP Net Positioning: +56,707 contracts (Bullish institutional sentiment) USD Net Positioning: -11,542 contracts (Bearish outlook on USD) Open Interest & Retail Sentiment: Retail Short Bias: 72% Short, 28% Long – Potential short squeeze Smart Money Accumulation Zone: 1.2800-1.2820 ? Conclusion ? Why This Trade Worked: ✔ Liquidity Grab Below 1.2816 Before Reversal ✔ Institutional Positioning Confirmed Bullish Momentum ✔ Weaker US Jobs Data Weighed on USD, Pushing GBP/USD Higher ? Next Steps: Monitoring 1.2860 for continuation towards 1.2900 key level Watching upcoming US ISM data for potential volatility spike ? What’s your outlook on GBP/USD? Comment your thoughts below!
If gold breaks the 2910 support line on the 4-Hour chart, then it will retrace to 2880, before rebounding to 3040 in a quick move. Watch out for the bear trap. All the best....
Another rally for GBP as USD gets weaker and weaker. Let's see what market holds for us . We have Strong GBP and daily candles are strong now GL traders NOT advice !
you can go short now general trend is down have fun :)
Despite the unexpected bearish decline since Dec 2024, #CHR still holds a bullish outlook as long as it stays above $0.081 (stop-loss). Confirming the current bottom is key for the bullish thesis, with passing $0.376 signaling a potential new all-time high. #Chromia
What is running through the trading range today? The 200DMA on the downside, the 1W 35EMA in the middle and the 35EMA on the 30min near the top. Should be a fun day here. Expected move 568 to 586 (+/- 1.38%)
wait for entry point as pull-back and then go long general trend is down trend current phase is pull-back have fun :)
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information