GBPUSD - What clean moves we have had.
When it comes to trading and you don't understand what's going on go through higher time frames and concentrate on the levels and then go through more in depth technical approach the shorter the time frames you go into or having few bad runs - take a day or two off and come back refreshed.
I've been selling this pair...
I will be monitoring this potential setup this week heading into Monday & Tuesday. We have Fed Rate release on Wednesday so much like last week, I will anticipate my weekly quota before Wednesday's fundamental economic driver.
If we exhibit strong bullish technical at a ICT Killzone being London Open and or New York Killzone I will look for a "bounce", not a...
GBPNZD is still slow here at the lows, but based on intraday view, seems like price is still looking for a bigger corrective recovery in wave 4 which can retest the 1.9450 – 1.9650 resistance area before we may see a continuation to the downside within a wave 5.
View On GBP/USD (10 AUG 2020)
We are the bulling trend of GBP seems to get stalled.
1.309-1.32 shall be strong support.
The price shall have a hard time breaking up.
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GBPAUD remains in downtrend as recent bounce looks slow and it appears corrective. In fact, rally fits perfectly into an extended bearish wave 3, where price is now ending a sub-wave iv. More weakness in view.
Good morning traders today i am looking at the gbpusd (the cable) and I have observed that GBP broke the down trend created on Brexit and over all dollar weakness, however price has respected the price level of 1.32100 and i would like to take this as a shorting opportunity and head back to touch the bear trend line and retest that low of 1.24972 created in the...
WOW WHAT A MONTH🔥
CONGRATS TO THOSE WHO FOLLOWED THE ANALYSIS👏
AS YOU CAN SEE PRICE HAS REACHED A PIVOTAL TRENDLINE
AND YES MY BIAS IS STILL BULLISH📈
Smaller time frames will provide more entries to hop in on
So keep an eye out
On the UK side, we are still on track for a NDB and loss of market access in the short-term. As long as the June highs are holding at 1.281x then I favour the sell-side, watch for 1.252x and 1.228x below as we enter into the ‘eye of the storm’.
For those in...
I hope trading goes well.
Well, it's been sometime since I made video analysis, so after looking at some old charts I came up with an idea to update you on some of the FX market since December video analysis.
Also, I see some very interesting developments on EURUSD at the moment. I really think it's worth to keep an eye on it.
Please, if you...
I feel the inability for GBPUSD to break through the 1.315 level means it looks fairly exhausted and i'm expecting a drop in the coming weeks to 1.2760 or thereabouts. If it wasn't for the USD being tragically weak at the moment i believe this would happen sooner rather than later. The UK economy is officially doomed for now, the US not so far behind. Lets see how...
GBPUSD - Yesterday, I posted bear flag formation - we did get to one of the support levels I been looking at but that key pull back I mentioned was key!
We are range bound between the areas of:
Resistance 1: 1.31233
Resistance 2: 1.31794
Support 1: 1.30151
Support 2: 1.29831
Pattern: Triangle - Consolidating at this moment of time.
If we were to go below...
Hello traders, this is my analysis for a long setup on cable.
I'm expecting a strong bullish move from GBPUSD this week to continue with the higher time frame direction.
Ideally I'd like to enter at the weekly closing price but if not I'll place an order @ 1.3078
R/R - 5.79
Any questions please comment below and follow for more trading ideas.
Price so far has respected the daily trendline, making a 4th touch. This trade idea will be invalidated if price breaks the TL and previous high, and offers a fantastic R/R. Traders should look for this oppurtunity at London open today, keeping an eye on a news feed for any events that may invalidate the trade. Happy trading.
It's a pair that some traders are finding difficult to trade but let me break it down for you:
- Bull Flag - Resistance area: 1.31400 areas and that's where the target of the Bull flag would end. (Patterns don't always work out - that's another thing to keep in mind that's why looking at the levels will help).
If we were to decline the areas that...