As the UK comes out of lockdown and the economy re-opens I expect that the GBP strength will continue.
Next level is a 4% drop in EURO value against the GBP, 400+ pips, trading from the weekly chart.
My stop levels are large, but will still only be 1/2% risk for me. The total trade is a 2.74:1 risk reward (slightly under my minimum 3:1).
I like the feel of this...
Hello traders and analysts.
See our chart for a Brexit 'Yes' whereby, the fishing stumbling block seems to be the major mover for a 'Yes' before the new year or a 'No'.
The USD will continue to see a deepening soft dollar, which is what the US want right now to keep pushing the stocks into 2021 with cheaper import/exports as a major player. Furthermore a cheaper...
Outcome for a Brexit 'Yes' vote.
As we come into the holiday season - there is important volume to note here, however the major players are positioned for either way.
We have the purple buy zone, which price has seen a nice consolidation with some rejection wicks.
Using the fibonacci - we have our level targets at -0.618 to hit the monthly zone at 145.5 and our...
GBP/USD is back in range❗️
Has all this been a fakeout?
The previous peek is showing a low open-interest which is why POUND could need another pullback due to a lack of bullish momentum.
In confluence with negative brexit-news we could get a very strong impulse to the downside as soon as GBP/USD breaks out of its range.
On Daily timeframe, we see a possible entry in short position!!! Now, the Daily's candlestick was closed with a bearish hammer inverted an that could's be a bearish signal.
Now, on H4 timeframe we could to form a distributtion zone to sell Euro in the blue zone, that represent a monthly zone. So, the only what I hope is a next bearish candlestick to entry in...
For those who shorting this pair, if break the supply zone just let it be.
i guess this will be the scemario when Boris Johnson win this election on Thursday.
if repeat again 2017 scenario, it will be a huge bearish back to 1.22 zone.
price hit major resistance
wait for price to hit trendline and then you can go short on a lower to frame to find a good setup!
target will be around 1.92000 - 1.91000
stoploss will be around 1.99000
let me know your opinion in the comments!
As we can see price struggled to break the bearish structure on the daily despite the bullish rally we have previously just had, i would like to see price now come down to at least 61% which for me i have marked this zone in green and the blue zone being 88%.
Mondays are never really a day i look to enter markets but over the next coming weeks as we are also...
Here we can see a strong downtrend , the price rejected up as the strong brexit fall and also the renovated talks of us and china has depreciated the yen . Be carefull with this trade on Wednesday cause we dont know what the fed gonna do . Thanks
Follow me for more setups like this
Back from holiday, I find this beautiful concept of Cypher that I want to share with you!
On the long term could be a buy till 1.40 and after that a retracement to the first level that the price hit on Brexit (2016).
PS: It's just my vision, make your own actions!
hi guys! look at the chart, confleunce stacking is important! we got the trend line break out, need to see a pullback and retest of the line, we got the fibonacci levels confirmd, let wait for the 3 touch of the second trend line "the small one" and when it hit we can place a buy order at the grey box as well! i will post an update when to buy !
please follow my...
EURO|USD: Episode (1 )- Series: Major Currencies and Currency Indices -18th of August 2019 (8-9 Minute Read)
3 Contingencies upon which the timing of this analysis is based on: Brexit (Finally) Happening in the next 6 months , similarly expecting a US/China Trade deal in the same time-frame, and of course later on Trump winning 2020 . I have to...
The pound has been in a week state as Brexit concerns are still swinging their weight. Naturally the yen is going to be one of the safe havens that money will run to and I am looking for that flow to continue.
I have two ways to enter this potential sell as I've shown it. Ideally we can look for a drawback and rejection at resistance to get a really good risk to...