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GBP/USD: Bullish Short-Term Move Towards Liquidity at 1.2700📊 Market Structure & Key Levels GBP/USD is currently trading around 1.2650, sitting at a key demand zone while maintaining a bullish structure on the 4H timeframe. The pair has been showing signs of accumulation and could be setting up for a liquidity grab towards 1.2700 - 1.2708 before any potential reaction. 🔍 Trade Setup: Bullish Bias Towards Liquidity Pool BUY Entry Zone: 1.2640 - 1.2650 Target 1 (TP1): 1.2690 (Minor Liquidity Grab) Target 2 (TP2): 1.2700 - 1.2708 (Institutional Resistance) Stop Loss (SL): 1.2625 (Below Demand Zone & Fibonacci Support) 📈 Why Take This Trade? ✔️ Bullish Structure Intact – Price is above key moving averages (6 EMA, 24 EMA, 72 EMA), and the Supertrend remains bullish. ✔️ Institutional Liquidity at 1.2700+ – Major market players have orders sitting above this level, making it a prime target. ✔️ Demand Zone & Fibonacci Support – Price is reacting from 1.2640-1.2650, aligning with Fibonacci retracement and historical demand zones. ✔️ Order Flow Confirms Strength – Market depth shows strong buy-side interest at current levels, supporting a push higher. 📰 High-Impact News to Watch ⚠️ Fed Chair Powell Testimony (Feb 27, 2025) – Powell's remarks on inflation and future rate hikes could bring volatility to GBP/USD. Any hints of a hawkish Fed stance may strengthen the USD, leading to potential pullbacks. ⚠️ UK GDP Data (Feb 29, 2025) – A weaker-than-expected print could weigh on GBP, while a positive surprise might fuel further upside. 📌 Final Thoughts: Trade Smart & Manage Risk! I’m keeping a close eye on the reaction at 1.2700-1.2708. Bulls have the upper hand, and liquidity above should get taken. Let’s see how price action unfolds! 🔥 What’s your bias? Drop your thoughts in the comments! 🔥
Long
by LDForex_
2
USDJPY: Thoughts and Analysis (Pattern discussion)Today's focus: USDJPY Pattern – Consolidation (Bullish?) Support – 149.84 Resistance – 150.81, 151.745 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY on the daily chart. Simple story today: will the current price consolidation break higher (with trend) or break lower, setting off distribution? We find it's important to break down patterns in the process and not just after they confirm or start to confirm so you can map out an action plan depending on what happens next with price. Due to the situation with the BOJ, moves higher could set off intervention worries, and we also have Fed testimony and NFP this week for the USD. Good trading.
by Eightcap
EURUSD: Thoughts and Analysis Today's focus: EURUSD Pattern – Continuation (Bullish) Support – 1.0794 Resistance – 1.0855, 1.0896 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the EURUSD on the daily chart. Will we see the EURUSD set off on a new continuation higher? Bulls have broken the downtrend and formed a higher low. We have a trigger bar, but we still need to see confirmation with a break of resistance. The USD also plays a part in this story, and we have some news that could aid and hurt the EURUSD picture this week. Good trading.
Long
by Eightcap
NQ Power Range Report with FIB Ext - 6/22/2023 SessionCME_MINI:NQU2023 - PR High: 15049.25 - PR Low: 15024.00 - NZ Spread: 56.25 Powell set to testify again at B-period. Economic Events: 08:30 – Initial Jobless Claims 10:00 – Existing Home Sales - Fed Chair Powell Testifies 11:00 – Crude Oil Inventories Strong inventory drop during Wednesday's session - Finally showing retracement on daily print - No immediate vol spike for Powell Wednesday Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Session Open ATR: 225.48 - Volume: 22K - Open Int: 248K - Trend Grade: Neutral - From ATH: -10.4% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 15533 - Mid: 15247 - Short: 14675 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQU2023
by mv3trader5
NQ Power Range Report with FIB Ext - 6/21/2023 SessionCME_MINI:NQU2023 - PR High: 15256.00 - PR Low: 15238.75 - NZ Spread: 38.75 Powell set to speak at B-period - 10:00 – Fed Chair Powell Testifies Tuesday session traded in wide range - High volatility during morning session - Closed practically unchanged Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Session Open ATR: 222.16 - Volume: 16K - Open Int: 246K - Trend Grade: Neutral - From ATH: -9.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 15533 - Mid: 15247 - Short: 14675 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQU2023Long
by mv3trader5
NQ Power Range Report with FIB Ext - 3/7/2023 SessionCME_MINI:NQH2023 - PR High: 12334.75 - PR Low: 12312.50 - NZ Spread: 49.75 Evening Stats (As of 12:05 AM) - Weekend Gap: -0.14% (closed) - 8/19 Session Gap: -0.04% (open > 13237) - Session Open ATR: 246.87 - Volume: 22K - Open Int: 257K - Trend Grade: Bear - From ATH: -26.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12959 - Mid: 12392 - Short: 11820 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQH2023Long
by mv3trader5
NQ Power Range Report with FIB Ext - 11/30/2022 SessionCME_MINI:NQZ2022 - PR High: 11522.00 - PR Low: 11497.75 - NZ Spread: 54.25 Evening Stats (As of 12:15 AM) - Weekend Gap: -0.46% (filled) - 8/19 Session Gap: -0.04% (open > 13237) - Session Open ATR: 283.97 - Volume: 16K - Open Int: 248K - Trend Grade: Bear - From ATH: -31.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 12391 - Mid: 11820 - Short: 10678 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2022Long
by mv3trader5