Just before I talk about this trade, just a fair warning that the British Elections are this week on Thursday December 12th. So a high risk event, and will be dominated by Brexit promises. I have spoken about how Central Banks in the Western world are stuck, and they are now attempting to maintain confidence in the system. They want to go back to easing and QE...
With Snap election on December 12, Sainsbury's offers great opportunity. As the company gets all of it profit in UK, it is very exposed to the election results. Since Conservative win is considered good for Brexit progress, UK stocks expected to rise on it. Results will be released around 2am on Friday. So far the polls suggest that Boris should win. Good Luck!
Apologise to the English Viewers for missing out the bearish shark pattern for a better chance entry. As mentioned on the video, this week GBPUSD on 12Dec19 there is a General Election, to me, this is as good as the 2nd referendum for Brexit. I'm not so much looking at if Brexit party win UK Pound will fall or Brestay party win UK Pound will rise, is more of the...
This pair is an ongoing swing trade. This pair may take a little bit of time to fully hit all TPs. At the moment, it looks like it's due for a pullback according to the weekly. I'm still looking for the overall move to remain bullish. But let's see how long the pullback will last before it continues on upward. Remember, I said it's due on the weekly. This...
Price currently at 0.618 retracement. Waiting for ascending trendline to be broken. Will be looking to scale in and take profit at 1500 pips.
The UK General Election 2019. All you need to know. Plus, a great betting opportunity guide as a bonus. As we all know, The UK General Election is to take place on 15th of October, deciding the fate of the country not only for the next 5 years, but for the decades to come! The need for the election was obvious, given the Brexit impasse in the parliament, that...
GBPUSD is fast approaching a very strong resistance level at 1.317, which is where I want to look to enter short on this pair. This could also be the 3rd contact made on a forming trendline from the high in 2014. My first target is 1.28 and I would wait to see a break below the ascending dotted line to confirm a further drop. Fundamentals are playing a large...
Chart explains it all... So far every move has been caught. Send me a message if you need help.
Observe this red line, if daily close below it, still is sideway. No way to shoot 90 pips for short period.
i believe today movement is fake break out resistance zone. RSI already shoot over 80. More seller will come in soon.
Short Selling Idea from : 1.2929 - 1.2905 TP1 : 1.2710 TP2 : 1.2520 Stop Loss : 1.3040 This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make your decision based on...
I have spoken about the EURAUD pair last week, but the trade was triggered on the break and close below the neckline. Market structure showing us a confirmed lower high. We are now back retesting the breakout zone which is normal and expected. One can enter here with a better risk vs reward, or the conservative approach would be to await a new confirmed lower...
Hi traders. Here we have an interesting setup in GBP/NZD. The pair has completed a pullback to a daily support zone and is forming a indecisive doji candlestick in today's trade. The level aligns with the 38.2% Fib level, and the daily RSI shows a hidden bullish divergence. Zooming-in to the 4-hour chart, we get a nice bullish wedge pattern with the price...
A bearish crab trading opportunity presents itself for a countertrend setup. A candle confirmation is required to engage this trade as that's how crab pattern are traded and this setup is above the supply zone.
Out of all of the pairs this is fundamentally the most unpredictable. I think that playing around with the pound this week is risky and manipulation could occur and be obvious. Always remember there's no limit to how many fake outs can happen with a setup so make sure you wait until it has confirmed the true direction of price action. We'll be favoring a weaker...
Most Americans, as well as financial markets, received the day off from work on Thursday, therefore, we can focus on other financial markets. In today's review, we will focus on the oil market. Recall that next week the OPEC meeting should be held, which could potentially change the existing balance of forces in the oil market. But we will talk about this meeting...
As title, the daily resistant still not yet break, it stop excatly and do sideway! I will short it first, the best entry is 139 level.
BIAS: LONG 5TH WAVE WEDGE PATTERN THIS TRADE IS SUBJECT TO BREAKING THE HORIZONTAL RESISTANCE (THIS IS NOT ALWAYS THE CASE BUT THE SHADED RESISTANCE HAS BEEN RESPECTED MANY TIMES