Patience is key, right now waiting for good confirmation if price will hold or get back inside the up-trend channel! For my own pleasure, i would like to see scenario A happening! What do you think? leave your opinion in the comments! Also, if you like to discuss ideas and enjoy my analysis, join me in Telegram! Link in the bio
I am now entered into a long term buy & hold position on GBPJPY. Price has broken out through multiple resistance levels last week on the back of the new conservative majority. Thursday/Friday saw the fast money come in to the markets with heavy short term buying. Price is now consolidating probably caused by profit taking on the speculation trades and the...
The markets finally went out of “hibernation” so we could observe fluctuation not by 40-50 pips, but by 100+ (well, or 400, as is the case with the pound on Friday). Last week began with Trump's tweet about the successful completion of the first phase of negotiations with China. Recall, on December 15, the United States threatened to introduce additional tariffs...
I am so proud of the UK. In the 1930s they rejected the growing populism in the world, and in 2019 they did the same. All the propaganda, all the demonizing, and the forces of anti-freedom still lost, but a huge margin! And if europe falls, we shall go on to the end. We shall fight in France, we shall fight on the seas and oceans, we shall fight with growing...
After Brexit vote and a spike in EUR, we retraced the move the next day. Now seems like a H&S is forming with divergence. Proper support in terms of the trend line 200SMA and 1.11 area. Elliott waves suggest the final leg of retracement in wave (c). PMI data coming in this morning from Europe this morning. Negative numbers would give more probability to this...
due to AUDUSD, that will probably go up, CADJPY will probably go down
On December 12th 2019, as the British polls were coming to an end, conservative Boris Johnson was winning. With Boris's the idea to get rid of the Brexit deal that was introduced back in 2008 which lead to a 29.5% crash on all GBP pairs within a year, price on GBP pairs came rising up to over 400 pips within a few hours. This leads me to believe, a good swing...
in the short term we think of a possible growth but not in the "long term"
As we all knows that on Friday morning market was opened in Gap. Now we can assume that market will covered it's gap in this coming week.
CADCHF and EURCAD are negatively correlated; that is, if EURCAD is trading higher, then most of the time CADCHF will be trading lower. I've been tracking a triangle pattern on EURCAD, but when a colleague sent me his view on CADCHF, I could easily spot an almost completed triangle pattern as well. This further confirms that the triangle on EURCAD and the related...
The EURUSD saw a massive sell-off last Friday, which led to the formation of a bearish Pin Bar at a critical supply zone and weekly descending trendline. Although EURUSD seems to have resumed the advance from 1.087 major low on the chart, the correction might not be completed yet. The price action after the advance showed a three-wave down in wave (a) and...
Following the BBC’s Andrew Marr Show earlier this Sunday, the UK Deputy Finance Minister Rishi Sunak stated that PM Johnson is reconsidering bringing back Brexit bill to parliament before Christmas. Key Quotes: “The overriding mandate that we have from this election is to get Brexit done ...We will leave the European Union in a matter of weeks, by the end of...
Hey Everyone, Check out this analysis for the Pound Dollar on the Monthly Timeframe. This is going to be a very profitable trade. If you want to take this trade with me, join my FREE Telegram Group: t.me
Pound goin' up in the next 2-3 years. 2023-2025 Brin(Britain in EU)????
A trend trading opportunity rested on GBPAUD for a buying opportunity near the demand zone. Is early to tell but buying focus is what I'm looking for, for UK Pound related pairs at this moment unless there is a change in the development of Brexit.
Multiple confluences: 1. 618 retracement 2. 3rd touch of channel support 3. Double bottom on smaller timeframe indicating a reversal (to the upside)
A 5-0 pattern setup is most likely to form up, the only thing is whether this setup holds which then require further confirmation. This shark pattern was identified on our previous live session so why didn't we engage? Probably it triggered 6 am during the UK General Election. Coincidence? I don't think so. What is missed is missed, let's wait for the next...