GBPUSD! N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
CABLE IDEA This long idea is based on the 1H timeframe What are your thoughts about this idea!
Cable made five waves up from the 1.0353 lows, which suggest that bottom is in place from Elliott wave perspective, but more upside can be seen after a corrective pullback. We know that after every five waves market slows down for a three-wave setback that is now underway. Probably the pair is going to form an A-B-C flat correction, currently trading in wave B...
Trade Idea: Selling GBPUSD Reasoning: Filled the overnight gap, downtrend expected to continue. Entry Level: 1.1378 Take Profit Level: 1.1151 Stop Loss: 1.1425 Risk/Reward: 4.94:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
After breaking a daily uptrend with retesting it ...waiting for bouncing off 4H supply zone using smaller time frames as a confirmation to go with short trade with good R/R ratio up to the next support level...be safe...
As per the EURUSD trade idea, if the US dollar index continues to correct lower, we should see the major crosses react bullishly against the greenback.
Has GBPUSD bottomed? Price action suggest that it has. Since GBPUSD dropped to $1.036, higher lows pattern have formed WITH contracting pattern (tightening). From that pattern I drew a trendline. Price broke the key moving averages confluenced with the trendline break. Currently price is retracing back to its mean 50/100/200 after testing several times the $1.163...
Market excited with Rishi as PM, but bulls need to overcome hurdles at 1.18000 to continue the move. A rejection at this level may revert price to re-test previous support levels... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Following the downside drop of the TVC:DXY index that shows the strength of the Dollar, FX:NZDUSD has been trending to the upside. similar to its correlated pair FX:GBPUSD . Will this hold for the long term?? let's wait and see. my view is bulls will control the markets for the NZD/USD to the 0.6200 level. ITS A GOOD TIME FOR A BUY ENTRY. RISK REWARD...
Trade Idea: Buying GBPUSD Reasoning: GBPUSD Breaking out Entry Level: 1.1542 Take Profit Level: 1.1861 Stop Loss: 1.1422 Risk/Reward: 2.66:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all...
The High of the Week is normally created Tuesday or Wednesday. Today we saw a huge rally on US Base Currencies. Retail believes in 1:3 trades. Whales Believe in 1:10 and Above. Snipers; we trade with the WHALES. This play is valid through London session 2-5am. Proceed accordingly. Never Over leverage. The right trades will always make you very...
GBPUSD H4 - We are trading south of this 1.13 whole number, and we are still descending on multiple timeframes, the daily, H4 and H1, undoubtedly. Analysis to follow on the hourly timeframe, to justify to potential intraday entry point. Targets initially 1.08-1.10 I feel, this could be a healthy balance price, until we hear more from Sunak and government...
GBPUSD GBPUSD made a correction to close the opening gap last week and continued to rise again. The cable is currently in the range 1.13025 - 1.13502 and most likely will return to the resistance range 1.13502 - 1.13695 today after correcting the break of the resistance. BUY LIMIT 1.13048 SL 1.12467 TP 1.13663 R3 1.14139 R2 1.13695 R1 1.13502 PV 1.13025 S1...
GBPUSD! N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
For most of 2022, currencies were helped by rising yields on short-term government bonds. When looking at the UK bond market, rising gilt yields have reflected expectations of future interest rate hikes by the Bank of England, but ultimately they begin to incorporate more political and fiscal risks into their rate premium. Given the turbulent political climate...
Trade Idea: Buying GBPUSD Reasoning: Gap at 1.1170 providing support. Hoping for a quieter day in the UK Government?! Entry Level: 1.1216 Take Profit Level: 1.1430 Stop Loss: 1.1167 Risk/Reward: 4.3:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of...