EURGBP has been consolidating for two weeks. On 4H we see a descending triangle formation and there is a high chance to see a bearish break below the horizontal support. however, once bears break below they will face with a major zone of demand and buying volumes will accumulate. For these reasons, be focused on the area around 0.85 and look for a signal...
UK elections pending royal assent, to be held on 12 December few days before Christmas and first time in December since 1923. Sterling went sharply higher to celebrate BR-EXIT in national fervor. But now in stalemate after parliament rejected current EU-UK deal. Boris Johnson did well in his short leadership tenure to get the deal and his own party leaders...
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 2-3 Days A – Activating Event Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 1.447 ...
Hi guys! Yesterday I posted a sell analysis for GbpJpy, it went TP 137.500 for short term trading. However last night pound was bullish due to decision of the Brexit moved to 12th December 2019. In timeframe H1, Diamond QM is forming! So we look buy and can TP at the Supply Zone. Buy @ 140.00 SL 139.750 TP 141.00 Goodluck!
Before moving on to the main event this month, and perhaps the next one too, we will talk about yesterday’s events. As usual, the most interesting news is coming from the UK. Johnson could find support for his idea of an early election. So in December, the British are expected to have the third parliamentary election over four years. According to some experts,...
So.....Ive been Short bias on GBP since forever....So i tend to sell the rallies t certain structure points..... I got sopped out yesterday of my 20 pips BUT i see what has been forming.... Waiting for a retest and going to chase the 50-100 pip drop.... @Mr.Valois
GBPUSD Setup: SB + Re Confluence: CRS Entry: Sell @ 1.2880, SL @ 1.2830 (50 pips), TP @ 1.3000 (120 pips) Note: Just a simple structure breakout. Let's see how it goes.
OANDA:GBPCHF Currently analysis showing a bullish pennant / bullish triangle pattern. Still very hesitant to get in on any GBP for the following reasons: - Price is too high to start entering - Major move has already taken place - High volatility due to Brexit To be a bull in this situation: - Wait for confirmation of the triangle break as the price is...
H4: - Structure: Sideways - Tendency: Downward - Test support Wait for breakout and confirmation from the price If all good, then Sell If not, Skip
So Parliament rejected tonight BJ's attempts for a snap election. This should be good for GBP as we have less uncertainty without snap election. Though BJ is bound to try having it again. Now testing the downtrend line again, long on the break of the line and 200SMA. Good Luck!
GBPUSD Setup: Structure Breakout & Retest Confluence: CRS BRN Price rejects TL Entry: Sell @ 1.284, SL @ 1.288 (40 pips), TP @ 1.23 (540 pips) If Brexit happens, it is very possible. If bullish momentum picking up, I might counter trade. Well, let's see how it goes.
The Brexit date is set to be delayed until 31 January Again. Johnson, as promised, asked parliamentarians to call early elections in December. He has failed to win on Brexit. Johnson said that he would make another attempt today and said that without early elections, it would not be possible to ratify the agreement with the EU. Today will be the last relatively...
In today’s #marketinsightsi video recording, I talk about the rise of optimism around US-Sino trade and how it could impact #USDJPY until the two leaders meet next month. On top of the latest #Trump related flows, the pair will be affected perhaps positively from this week's #FOMC meeting as markets are expecting the Fed to cut interest rates again! I also picked...
The EUR continues to show weakness across the board. This is a great opportunity for The Dollar to dominate.
Hello everyone, 1:8 R:R Trade. Not bad! We are expecting the GBPUSD (Pound) to start skyrocketing to the upside in the next few days. More details on the chart.
Brexit was accustomed to being the main news generator last week, at least for the pound pairs. Parliament refused to vote for the deal until it made changes to British law, which meant the need to request a postponement. In our opinion, this is just a way to publicly humiliate Johnson, who has repeatedly said that October 31 will be the end date. As a result,...