Cable has broken out of 20y+ trading range and needs to establish a new range top. A near-term breakout could have 1985 highs in its sights...
Hi Traders, As you probably know, last night on Asian session the $GBP got killed on thin markets condition which made the $GBPUSD drop 8% at one point in under 2 mins but than the market recovered and ended up with -1%. However, when a situation like this happens (which is not very often!) I jump to my monthly charts to give me the best and most importantly; the...
GBPUSD is going up from October 7. First target is 1.3, second is at 1.356. Might go all the way to 1.41.
Hey traders! Looks like the minor degree Wave-X is complete on GBPUSD. In addition to the wave count, a bullish bat is complete and has shown some pin support. I want to buy here with a tight stop below the root of potential wave-1. If SL is hit, this is not the first wave of the rally and I don't want to be in the trade any longer. Otherwise, we have huge...
Cable seems to have long way to go south. After breaking out of the massive range on Brexit fears, the bearish plunge has a target of around parity for this pair. Any upward move could be considered a short opportunity for long term traders. Good luck, Ali Sharifazadeh, CFTe
GBP BEAR news is all over for sure.. But it is really Bearish?? Anyway.. I am will bear for now.. but I am watching 1.29 level closely. If the pairs swing back to the amount, I will look at it with different light aka BULL
I don't want to long the dollar right now, and many of my trades are centered around strength of commodities, oil, equities, so a dollar long, pretty much would rain on my parade. Now, I also don't want to be exposed to strongly correlated trades only, and not diversify, and I definitely don't want to trade with blinders on, and avoid taking good trades due to my...
Taking this trade. Also long on EURUSD. I would set a stop below the low made after brexit. Expecting it to go 1% up short term. This pair remembers me someway to EURUSD when Draghi started the QE. Regards!
GBPUSD is trading above 1.33 today, despite the broad risk-off sentiment which has seen JPY up on the day. Fundamentally: Fed members are hawkish, and at least 1 rate hike is on the table this year. September is a close call - and if we believe the hawkish rhetoric of the FOMC recently - the market is underpricing a rate hike in September. This is bullish for...
GBPUSD was slaughtered over night as Theresa May confirmed Britain would trigger article 50 in Q1 2017. Monday's close was the worst daily close since 1985 and this does not bode well for the pound. Pair is currently treading water less than 40 pips from the July/30 Year spike low at 1.2790. A break below there would target the 161.8 extension at the shocking...
A massive gap to 1.440 has been left unfilled from the Brexit vote. And while the fill does not necessarily have to occur, the R/R for it is really good after the current sweep of the daily lows.
Head and shoulders spotted on cable, first target around 1.29-1.30 The pattern suggest it can go lower but there is some strong resistance and bottom of a triangle before the suggested target.
Inverted bullish hammer formation on the daily chart following Friday’s big red candle suggests the bears may have run out steam. Thus the probability of a corrective move higher to 1.31 cannot be ruled out as long as the pair stays above the previous day low of 1.2994.
Bearish Gartley may be completed tomorrow on GBPUSD pair. If price reaches 1.3302 level, it is a good trade for short-term traders, targeting 1.3239 and 1.3200 as immediate goals. SL: 1.33500 Cable continues in a downtrend therefore, 1.3302 can also be a good entry point for mid-term short positions
We already have 3 confirmation points for a bullish Cypher pattern, which is forming at key support/resistance leves: if price arrives to 1.2954 as expected, it could be a very good level for entering long positions For now: Shorts Entry point: current values. SL: 1.3460 TP: 1.2954 Longs Entry point: 1.2965 SL: 1.29 TP1: 1.3140 TP2: 1.3195 TP3: 1.3255