EURGBP has been one of those frustrating pairs lately, a large part due to the uncertainty of Brexit. After a prolonged downtrend with multiple lower highs and lowers lows, we seem to be exhausting, and did see fake out wicks at a large support/flip zone. From here, we have not made a new lower high, but seem to potentially be making a higher low. This is only...
The power to breakdown has been developed knowingly and systematically, unlike chop/consolidation which frequently occurs. The effect of the breakdown is heightened by BOE turning very dovish and calling up for Sterling devaluation, which in their eyes must be required for offsetting the loss in UK market access. Compare the following two diagrams: Sellers...
Mid last week I entered a EURGBP trade that landed me +30 pips. From this we exited on a spike to the downside but now price has retested a key zone and we are looking to sell again! Please Leave a like and follow, it really helps me out!
The US and China have signed documents for the first phase of the trade deal. It would seem that this has been expected for a very long time and this is an excellent occasion for a mass exodus from safe-haven assets and another injection of capital into risky assets. But it was not there. Gold yesterday was more than comfortable, and the Japanese yen in the...
The US and China signed a partial deal yesterday, putting a temporary stop to global uncertainty! Without that being the end of the trade war, at least we can now wait and see if China respects the signed terms over the next few months... Are emerging markets affected by the fresh rhetoric since China is supported, or should we just focus on monetary policy,...
Hi everyone, with the next trading week coming up, and market opening tomorrow, here is a trade idea I've got for you guys. EURJPY Long Fundamentals: EUR: has been doing ok, good numbers for countries in Europe coming out, so I would see EUR as pretty bullish JPY: with the US-China Phase One Deal being agreed on, and as per some sources, will be signed on the...
Hi everyone I had an idea on going long on GBPCHF, here is my analysis: Its obviously not news if I tell you that on Thursday the UK Parliamentary Elections will take place, which predicts a Tories majority, which is seen as bullish for the market. For CHF, CHF is known to be a ''safe haven'' in Europe, so it would make sens shorting it against the GBP. I am open...
Hi everyone, here is a small idea I have: EURJPY Short. JPY in my opinion is getting a little bit stronger considering the tensions that are a little bit rising with the US-China Trade War. Also, JPY has released some good numbers these past couple of days, like GDP, etc. so in my opinion JPY is Strong. EUR in my opinion is a little bit neutral, I don't see...
Here is an idea: GBPAUD Long. Why you may ask, here are a few reasons: - UK General Elections on December 12th (current predictions are Tories winning the elections, and market wants Tories to win) - December 15th Tariffs (Trump still hasn't taken a decision on what to do with December 15th tariffs, most likely I believe he will keep them as tensions has started...
Hello guys, As we can all see everyone in the UK was so excited about taking a direction on the 13th of December so price has been pumped up to 1.35 where reality (a.k.a Boris Johnson and his Brexit plan) kicked into our teeth and started a sell off the British pound. By Christmas the sellers cooled down a little bit so the market could finally started a...
Last week ended for the dollar is not the best way. Statistics on the US labor market came out slightly worse than expected: +145K new jobs outside agriculture instead of the expected +160K. On the one hand, it’s okay, but on the other hand, after +200K of employment from ADP, it seems to be not enough. On the whole, our predictions for NFPs based on statistical...
Despite the US-China phase one trade deal supporting equities the upside could be minimized if priced in already since as indices have been moving up since the December truce! Geopolitics suggest more strength, however, technicals indicate otherwise! Will corporate earnings trigger a shift from a macro perspective? Well, either that or weaker US inflation...
Looking at the chart we can see a possible double bottom scenario where I will look to take long trades if we can hold structure.
Here I present my analysis on the Cable (GBP/USD), on which I have a strong bullish bias considering both of its technical and fundamentals. On the technical side, the Cable is seen to be re-testing the upper band of the bullish flag it just broke, which happens to be a strong demand zone of the pair. Adding a confluence to this analysis, the stochastic RSI...
A bullish bat set up for a trend trading opportunity has 2 warning signs: 1) A potential head and shoulders setup on the daily chart. 2) A consolidation at Point C may signal a small sell zone to some trader and gain momentum for the bearish run. I will wait for candle confirmation before engaging in this trade. You can choose if to join us on our TIP community...
A bearish Gartley setup on the 1-hourly timeframe is very different from the rest of the pairs I've done this week on my analysis. Well you see, for all the analysis that you have seen most likely they are all trade plan and strategies, that's what most traders are looking for, where to enter and where to exit. You just need the 1st step, which is Analyse,...
A bullish Gartley pattern set up for an opportunity of a trend trading setup, a trend continuation setup for the daily timeframe. If a break of the Gartley pattern is to happen there is a bullish deep crab pattern on the 4-hourly chart and a bullish bat pattern on the daily timeframe. There isn't a need to rush into this. What're your thoughts on the Brexit...