GBP has been under lots of pressure lately, All 8 Brexit proposals by the British PM (Theresa May) were all rejected. This has put the GBP under investor risk and uncertainty, the last 4 months been a Bullish ascending channel ride for GBP/USD. The bulls are no longer in play as the channel is broken to the downside with a strong retest and 200 ema daily...
We are fast approaching a conclusion to the Brexit story. While no deal Brexit chances greatly increased over the past week with a short extension of April 12th, UK Parliament is still weighing over whether or not to pass May's deal, a rejection of which would even further heighten the chances of a no deal Brexit. If the House of Commons can pass May's deal, then...
strong year support resistant flip + quasimodo level put stop 1 @ 1.3820 stop 2 @ 1.4400 tp open
The level to focus on is 1.3526-1.3549, as this area includes two separate ABC targets from January and February. A break above that resistance range is needed to assume that a more meaningful rally is perhaps developing. n the downside if this pair breaks below 1.3170 then it will open door for 1.3000 area. if it breaks below 1.3150 then i will look for my entry...
Let's keep this short and sweet. Three charts, D for trend direction, 60 to spot trades and 15 for precision entry. If you look at D we're close to strong resistance(the big red circles), we're not quite there yet, that would be closer to 0.86, so now is not the VERY best optimal entry timing. However, this strategy applies to future trades. It's up to you if...
HERE I HAVE ANALYZED A LONG TERM OPPORTUNTIY HERE ON THE GBPUSD PAIRS WITH HIGH IMPACT BREXIT NEWS BEING DELIVERED FOR THE NEXT FEW WEEKS.
The following are trades setup ideas in 15 mins chart for British Pound Futures. There are 2 distinctive dotted lines labeled as 1. AI's Intraday Resistance 2. AI's Intraday Support These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short. If price action was below the AI...
Thesis > GBP/USD seems to be in a macro bearish/depressed market structure, but is ranging at the moment and seeking direction. Trade idea is to short the local resistance at the beginning of March, and keep an eye on fundamentals that could push it out of this range (a referendum or an agreed deal on Brexit). Otherwise expect it to hit the local top and start...
The GBPNZD broke out of support level that lined up with ascending trendline with a five-wave impulse labelled wave 1. . Currently, the price seems to be building a three-wave ABC zigzag corrective pattern labeled wave 2. The wave (c) of 2 "blue," is expected to terminate between 38.2 and 50.0 Fib ratio. . Considering that the Fib ratio is lined up with moving...
We could see price test 142.733 area, if price tests and the bounces we can see a lovely little run upto 148.000 area, if price breaks our 142.733 support then the next area of interest is the 141.428 zone which could be used as a turning point for a bullish run. Our view is price will bounce off our 142.733 support area and make a good run to the upside and...
Price broke out of the consolidation support and made a new low. . Price has retraced and retested the broken structure that lined up with a descending trend line, moving averages and 61.8 golden Fib ratio. . Considering that price has reached an important confluence level and broken out of the Counter Trend Line, the price has the potential to move down towards...
After an explosive move down, GBPAUD left a big liquidity void and we all know how much GBP loves to fill liquidity voids, lower time frame is showing bullish price action and making a breaker on the 15 mins after taking out previous swing low on the daily. R/R setup is great for a long, has a massive upside if trade goes in our direction
There are a few things in life that you think will never happen. Brexit was one of those things. With the continued uncertainty surrounding the exit from the EU, will we also see Parity with the US dollar or will the UK Government strike a deal? Trading Forex / CFDs is High Risk.
It is emerging that a hard Brexit is still on the table. Is the GBP/USD overbought? Expect a correction as above.
Hi Traders, GBPUSD broke out of the upside trend line and the move down has stalled within previous structure. Price now must close below 1.122000 to confirm further downward bias. With the Supreme Court ruling on if the British Parliment must vote on a deal to leave the EU due mid-Jan we may see price trade sideways until the verdict is delivered. The...