Market Makers Drive for Liquidity from and off of Fridays High of Day Close. We have seen a clear spike through the region and now a perfect time to get short down to the next demand level.
GBP/AUD
Good Morning, Afternoon and Evening Traders
A week later from my post "Sterling heading for 1.21 level?", the cable has yet again pushed into the very low levels after UK Prime Minister Theresa May stated last week that triggering article 50 would mean the UK not having access to the single market. This wasn't great news for the cable at all, and consequently...
GBPUSD is trading above 1.33 today, despite the broad risk-off sentiment which has seen JPY up on the day.
Fundamentally: Fed members are hawkish, and at least 1 rate hike is on the table this year. September is a close call - and if we believe the hawkish rhetoric of the FOMC recently - the market is underpricing a rate hike in September. This is bullish for...
After Anticipating Last weeks drop to 128. we were able to making a beautiful 600 pips holding strong trades down to last weeks D point on our ABCD, this week i am expecting a steady move down to the 120.5 price area in consistency with our next POI. right now we have a possible smaller bat pattern forming on the 15 minute chart at 131.4 and i am expecting 131.7...
Wanted to post a quick message telling people to sell the rally for 100-200 pips dependant on how quickly you get on the short..
Volatility is trading lower (as we expect in a rally) however it WILL pick up again/ reverse once it bottoms out - which i think is now!
The trend for all GBP pairs is LOWER hence dont fight the trend with longs INSTEAD when you see...
On the 1D time frame, a strong positive correlation relationship emerges - where previously on the 4h time-frame the correlation looked relationship-less and "noisy".
However, looking back at the Daily correlation over the last 2-3 years for GU and EU one noticeable and significant trend emerges -
A steep fall in correlation, either from positive-lower...
On the 1D time frame, a strong positive correlation relationship emerges - where previously on the 4h time-frame the correlation looked relationship-less and "noisy".
However, looking back at the Daily correlation over the last 2-3 years for GU and EU one noticeable and significant trend emerges -
A steep fall in correlation, either from positive-lower...
