In today's trading session we will be waiting for Breakout and decide to trade in that direction.
clear chart pattern: Head & shoulder formed on the 1hr time frame, rejecting the wick of the previous shoulder and allowing us to enter the sell. GBP has been volatile these couple of weeks, creating uncertainties. Clear trade, avoid over-leveraging. LETS EAT
GA at high of supply and now formed head and shoulders. Sells up here with stops above the high is great risk to reward.
Major trend still downtrend. I guess it will retrace back before brexit election due date.
> GBPJPY Short setup > Wait for correction > Bearish price action > Wait for supp breakout > Short Trading CFDs on margin carries high risk. Please ensure you fully understand the risks.
Here on the GBPUSD currency pair I have analyzed another long opportunity on the pair. I am anticipating a hug selloff of the US dollar this winter which will cause the GBPUSD pair to surge to new heights. I am taking a long position from the 1.291 level and I am seeking price to find comfort in the 1.30 level. Happy trading and ALWAYS remember to manage you risk!!!
A good time to update for those tracking the GBPJPY position I posted yesterday will remember the timely entry, those unfamiliar with the chart can see here: Risk-off is entering back into the picture and JPY is finding a strong bid, with Pound in election mode momentum is not particularly impressive to the upside. A Conservative majority seems a done deal...
Pound continues to be hijacked by politics in “election mode” with GBP trading higher on the Conservatives lead in weekend opinion polls. Overshooting the resistance here is cascading soft stops although momentum and sizes are not impressive and here I look to fade the highs and trade back to the inside during the election campaign and into the new Brexit...
Waiting for the move up to complete and then will be looking to short. Looking for 300pips.
As widely anticipated over the weekend Conservative lead widening and reflecting in Cable strength. The 1.292x - 1.282x remains of interest to me, here expecting 1.30 to hold ahead of elections as momentum in Pound looks apathetic at best. The "People vs Establishment" narrative continues to pick up steam: This sadly is a necessary component in the collapse...
Waiting for price to push up and hit the upper resistance of the channel. Coincides with -0.27. Still needs some time... 1300pip target.
Trump, Brexit, Capitalism and Ancient Rome. We’ve been there before. It is In the light of the Trump's impeachment looming and the Brexit can being kicked further down the road that I wanted to reflect on the reasons behind the two massive 2016 events and the parallels I am seeing with Ancient Rome. The idea behind this article is that although history does not...
Hello Traders! Welcome to my post, today we are looking at GBP/USD and we have identified the following confluences to support this high-probability setup: A very significant Fibonacci zone, in this zone we have a major 38.2% and a minor 78.6% Fibonacci retracement. Major 138.2 Fibonacci extension, and a minor 2.272 and 1.272 Fibonacci extension all lining up in...
- DXY DAILY WEAKNESS - HEAD AND SHOULDERS - WEEKLY KEY LEVEL ACTING AS RESISITANCE - TREND LINE BREAK & RETEST - SMA HOLDING PRICE ACTION NEW DOJI FORMED
-61.80% FIBONACCI DAILY -DAILY TWEEZER TOP -INVERSE HEAD & SHOULDERS COMPLETE
GBP/JPY has been stuck in a range of almost 200 pips for a month now. My view on this pair is a potentiall downside break of the box to come make the retracement and retest the september highs. #tradesafe