Real UK residential property retail price index (RPI), e.g. UK housing index minus inflation.
Market in a down channel and at resistance, supported by 200 month moving average.
The CPI I used here is updated annually so only gives a rough idea. In fact inflation has been climbing in the UK since last year. According to ONS, the consumer price index has...
The concept of a the basing formation compared to that of positional warfare, is rather interesting as we were essentially tracking a cone of volatility. This subtle break has done significant technical damage (i.e. attack on late sellers and correct use of support), and will often be rewarded with complete liberation.
GBPUSD pays a little heed to the price-negative catalysts during early Monday. In doing so, the cable ignores confirmation of a four-week delay in the UK’s unlock as well as an anticipated bumpy road for the next round of Brexit talks as EU policymakers pushed Britain to respect previously agreed deal over the Northern Ireland (NI) protocol. The corrective...
4hr timeframe says it all here.
Just look at that mess. No one should be touching it within this zone. What is interesting, check out the volume spike when price most recently touched the resistance.
To me, that would suggest we've more chance of breaking bearish than bullish. 4hr close either way and we're in with targets identified - watching for a potential...
GBP pairs have stormed since the EUR and LON open, GBPJPY starting to bounce from 150.000 too. GBP zones so far seem to be holding well in general too.
Looking for a second support entry before getting involved, the rallies were too fast for our liking so early on in the week.
As per plotting of the weekly in Advanced Get - we will update these ideas with daily plots.
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold...
As per plotting of the monthly in Advanced Get - we will update these ideas with weekly & daily plots.
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit...
One of my favourite patterns, the falling wedge.
Pretty clear support and resistance as fundamentals offering a muddy picture in regards to both currencies and especially together given the standoffs post Brexit over lots of matters.
Break either way easy trade
GBPUSD Reached and rejected a monthly resistance.
Because GU is still in a strong uptrend I am on the lookout for a buy set up.
The Rsi shows me that this pair might have reached the bottom of its Higher Low.
Once GU breaks out around the area of 1.39700 I will wait and see if it comes back to retest the area of this level and enter a buy to hold.
EG respected and rejected the resistance of its descending channel .
Once it retest the area around 0.86700 look out for confirmations and focus on the probability for a sell.
Reversal might occur a bit higher than 0.86700 to clear some liquidity from the market.
Check the out on the Daily, huge fakeout of the channel and solid rejecting of both the key 0.87 level and 61.8% Fib area.
Will add sells once the 4hr is broken and 382% fib area to target both weekly supports, taking partials at the 1st.
Simple Order block and imbalance tests.
Come back for liquidity before the real move down. Not much more than that to report at the end of the week.
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have...