The pair isnt giving us much to play with on the lower TF's but anticipating a flag break up north. A break of support would invalidate this idea.
I see the price is actually bearish, so I'm short on this pair.
Potential saucer formation Buy 81.00 Stop 78.45 Target 88.00
Signals: double bottom flag buy 69.00-70.00 Stop-loss 67.43 Take profit 75.00-76.00
Signals: 1-Double bottom 2-Triangle with oncoming breakout 3-Oncoming breakout of inclines resistance Buy 54.90-55.30 Stop-loss 53.76 Target 60.00
Signals: double bottom and flag Buy 19.50 Stop 19.00 Target 24.00
GBPUSD is weak suckng in buyers. Help is here www.facebook.com
Cable is weak and is likely trapping buyers. This Risk / Reward is well worth it.
This trade is worth the risk on many levels 1. Beautiful Risk / Reward 2.Cable is very weak no confidence
The DAX index seems to encounter a resistance that is a weekly SSB. In high timeframes (Weekly and daily), in the next hours, days, if the LS gets over its actual candle (the top of it being tested by LS) then that would confirm an uptrend direction for the next hours or days. A potential resistance would then be 10369. I would suggest to invest (buy) at the...
IMO FOMC George was largely bullish/ Hawkish $ on the margin; surprisingly coming out and stating for one of the first times that "Fed rates are too low" and "Not Raising Rates in June Was Due to Timing Issues" - these two statements imo hint that a hike coUuld be on the cards earlier than perhaps was expected (Dec), in-light of his opinion of them being too low...
Quite obvious that the bears are out to try and slaughter what remains of the pound. Losing politicians, losing football, losing trade....not to mention the shit weather! Here is a simple retrace action trade. Perhaps 1.33 is a little optimistic but we will see a retrace. Check out my SPX500 trades to work out why ;) End of hour, end of day calls on GBPUSD - That's my 50p
VERY STRONG HIGH PROBABILITY TRADE SET UP ON ONGC ON WEEKLY
So GBP is being strangled by pretty much everyone right now. Litteraly the asset is in a massive chokehold and fighting for the air to breathe. With so much daily fundamental news the emotion of this asset can be likened to Bridgit Jones, or Madonna, or maybe that blondie who named her kid after a fruit....Basically its a hormonal mess of epic proportions. So...