Hello, Traders! GBP-USD is turbulent on the Brexit news The pair is now stuck between levels But I think the most likely scenario Is for it to retest the resistance again And then to fall to support So sell from resistance. Like, comment and subscribe to boost your trading! See other ideas below too!
Trading kept very simple. Forex trading is not easy but it is very simple. Stick to the basic fundamentals and do not overcomplicate yourself. The chart speaks for itself. Good luck and let me know if I can help in any way. Charles V CVFX Management Trading made Simple
This is a MTF killer zone, its drawn when yesterday or the last period closes, it so powerful. The way I use it is buying and selling as a support and resistance (but it's not support and resistance ), or at a retest when it break, and if it not being touched by the price today or in the current period ... than the zone will be still valid for any time in the near...
Impulse sell off last week. fib retracement of 0.5 showing some resistance on weekly res zone. shorting to last daily low. just analysis :)
WE SPOTTED A GOOD OPPORTUNITY ON THIS, BUT EVEN A GOOD OPPORTUNITY CAN FAIL.. SO FAR ACCORDING TO MY DETAILED TECHNICAL ANALYSIS WE LOOKING AT A GOOD RR CATCHING EARLY TRADES IS WHAT I SEEK FOR. RULES ARE BREAK EVEN AND OR TAKE PARTIAL PROFIT WHEN MARKET CREATES A NEW HIGH. FOLLOW YOUR ENTRY RULES NOTHING LESS. AND TIP FOR THE WEEK, WHAT EVER INDICATOR YOU USE...
The UK and EU have agreed to carry on post-Brexit trade talks after a call between leaders earlier on Sunday.
Daily close either way and we see some big swing moves with Brexit.
*Beginner Analysis* Waiting for the brexit news on the pound
A lot of fundamental driving factors to this sell. BREXIT VACCINE No deal Brexit will help the value of the pound to fall. This will allow us to complete our sell pattern as shown. Rare scenario of Brexit deal happening would still have a poor back bone structure, this would allow again for still a drop.
*Beginner Analysis* Waiting for the brexit news on the pound.
EURUSD on the 3 timeframes, the daily, 4-hourly and 1-hourly timeframe has presented a bullish shark formation within the buy zone. It is a great trend trading(buying) opportunity.
I'm still bullish, with both technicals and fundamentals showing EG should retest the previous high created. Don't jump in now, wait for the pullback zones. Bearish ideas only valid with break below 50% fib area and break of channel.
GBPUSD had one of the biggest weekly falls in 3 months after yet another rejection at the 2.5-years major supply zone 1.34 area. It was forming a bearish Gartley in the daily timeframe while, at the same time, completing the 5th motive wave of a 9-month Elliott wave. The pound is constantly under pressure due to breakdowns in Brexit talks which is most likely...
*full disclosure* I have a 28,000 CHF long position in RET* Retail Estates is an underappreciated European retail REIT that is primed for a substantial technical breakout this December. Please take the time to look over the technical analysis, which is purposefully decluttered to provide a utilitarian analysis of the overall forecasted direction of the share...
CHF/JPY failed to beat it's summer high of 117.7, leading to a massive decline in value. Not only did the resistance hold strong, the RSI showed bearish divergence as well, making the decline even more powerful. Combine all of this with the terrible Brexit news, and we can expect a strong decline of CHF in the nearby future. Im considering Support 1 and...
Regardless of the result os Brexit 🇬🇧 it’s clear that what the market will be doing before holidays. It’s in a broad bear chanell. You can now go short and long. 60-40 ! I’d take this high probability chance. Keep an eye out for brexit negotiations on Sunday btw 🇬🇧 Cheers 🍻
great risk to reward setup. u can move sl lower if u want to feel safer. risk 1-3% and you should be fine lol