Here we go again guys you know what to do....same plays from the loading zone...by now I hope most are locked and loaded in full positions.
Unfortunately we have more Brexit politics in play with PM May sending a letter to the EU council asking for an extension this morning.
From good sources the EU will accept on the assumption May can get her deal through...
Three more months is what's being asked for by May as the UK attempts to muddle its way through this going on three years long political fiasco. I'm sure you're more interested in the technicals, so here's my read: stay away. I won't trade this until there's some sort of a clearer picture of the direction of where Brexit is heading. Right now though, I'm...
As mentioned in my previous idea, GBPAUD formed an harmonic pattern and a little pullback. However, the pair suffered a bigger pullback towards the reversal zone where it bounced. We should now see the pair dropping to lower levels.
GBP/CAD (more on our IG page - TWTI.trading)
Heavy manipulation to the upside, wiping out many traders at 1.76400 and 1.77380!
Patience and Timing were key to avoid heavy losses.
Our team were in at 1.75837 but with stops carefully placed at key levels which kept our position in the market while other traders faced heavy losses.
Target 1 +160 points
Brexit !!!!!! well the wheels have really fallen off this time
Go short , stay short
Recent political issues and the failure of the UK Govt to pull off Brexit will Impact very heavily on the GBP
UK Government NOW LOOKING at a 3 month to 24 month Extension
That means we will be seeing the GBP a lot lower very soon .
We have gone from Bearish to Bullish on all...
Bulls got huge problem to take out 1,33 for good, sellers are very active and its not different this time
So retest of 3295/3305 as selling opps, possible target s visible on the chart, stop above 14 GL
Here we have an update to the Cable chart.
The UK going back to the 1600’s as odds of another vote on PM May’s deal in the House of Commons this week are very low. For a house of “Commons” they are certainly lacking “common sense”.
... The rules are that two votes on the same motion are not permitted during the same parliamentary year. This means PM May will...
WD Gann Time Cycle working in 2019 GBPUSD
This is my 5th time to post real time forecasts in Tradingview.
I could end up be way off on this single prediction, but trading is not about one single trade but with lots and lots of trade of repeated set up.
And similarly, as a trader, we draw trendlines , listen to news, and have an expectation of what will happen...
News about the stock market and the oil market. We already wrote last week about the problems of Boeing. So far, they continue to get worse. According to the Minister of Transport of Ethiopia, the flight analysis showed a lot of similar details with the disaster in October. Therefore, markets reacted negatively to this news.
Despite of a decline in the Boeing...
At this point markets have priced in the support for a Brexit extension of at least one-quarter. The votes today and tomorrow are unlikely to affect EURGBP significantly.
We are still tracking the same break to the upside that we have been for the past few weeks. There is a chance of a small move lower here with the headline on the extension of A50, however,...
Here we are tracking a very similar move to before (see attached: "GBPJPY Shorts on Hourly Chart") on the hourly as bulls become exhausted and unwind their positions for the triple whammy votes this week.
Brexit continues as the driver of Sterling for now, on the UK side we have more votes coming next week so eyeballing a test of the lows beforehand. For those...
The previous idea "Strengthening the immune system" received a lot of traction and it is time for a quick update here ahead of the vote in HoC today.
Volatility remains very high in the cross, and after the sharp drop overnight the ladder has been cleared for a move back through
resistance at 0.8670.
Watching this very closely and we have the potential for a...
A very quick idea update here after a conversation with 'ikovachky' in the Forex chat room.
We are approaching the end of the road with Brexit and timing wise it is finally time to get to work on selling the currency again. The Pound is only going one way with a Hard Brexit and if you are a believer in the bearish UK story, then you know exactly what to do here....
The pair has reached the upper trendline where we could see a bounce to give place to a new bearish wave. The pair couldn't go higher than this area for the past year and the candlesticks are already showing rejections to the mentioned area, will go short once the daily Stochastics cross eachother.
Would of done this video with voiceover but have ze man flu & sound crokey as hell.
WEEKLY back under & failing at major resistance levels.
4 Hour broke briefly above resistance but closed below & confirming resistance with multiple failed tests.