As patience grows thin on PM Theresa May's tenure and Brexit deal, global traders have put a beating on the British Pound, sending the $GBPUSD to fresh new lows for the year.
To add more fuel to the fire, on a technical level, prices remain firmly below the 10-Day EMA without any sign of a reversal.
With a political crisis looming, we see more downside for the...
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the...
Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Currency Pair creating a Double Top .
B – Beliefs
Market will be rejected at @145.500 level and move towards the first Target 1 level @ 144.500 level.
Entered @ Still waiting for confirmation.
Stop Loss @ Still...
1. Big bearish candle and breaking support, after a long consolidating range in the 1 hour and 30 minute chart.
2. Good RR of about 2.
* A very aggressive trade so try to make it a quick one, rob to use trade management if price action shows bear pressure is weak.
British American Tobacco (JSE:BTI), is one of the top 5 tobacco companies in the world, owning popular tobacco brands like Palmal, Kent, Lucky Strike Dunhill, Kool, Benson and Hedges, Peter Stuyvesant and Rothmans. With its headquarters in London, BAT has global operations in more than 180 countries. BAT shares are for sale on the London Stock Exchange and have a...
The British pound has recovered back above the 1.3000 level against the US dollar, after the US dollar index failed to make traction above the 95.50 level on Thursday. The GBPUSD pair is likely to remain under heavy downside pressure on Friday while trading below the 1.3030 resistance level. Sellers will look for further losses below the 1.3000 level, while buyers...
The British pound has fallen sharply lower against the US dollar, hitting 1.3169, after US President Trump warned British Prime Minister Theresa May that a soft Brexit plan would harm trade-relations between the US and the UK. The GBPUSD pair has now broke its established trading-range between the 1.3200 and 1.3300 levels and is turning bearish. Sellers will look...