Comments from the BOE meeting this morning 1. CPI inflation is expected to rise quite sharply towards the 2% target in the Spring. 2. Other indicators suggest that Labour market slack has remained higher than implied by the LFS rate. 3. CPI inflation is projected to be close to 2% over the second and third years of the forecast period. 4. A further increase in...
In this video i go through the chart and my personal experience with the GBP and how it affected my life negatively in 2007 (first drop got me out of real estate) and positively during the Brexit (I got my money back, thank you trading). Today will be a volatile session for pound sterling, trade with care people.
Happy Tuesday...Here's a free Cable trade idea...! I got asked why do I give my trade ideas for free? It's my passion I live and breathe the markets, I know there's so many scammers out there and capital isn't what I am greedy for ever - but giving the community a guidance to help build confidence for your trading journey is the best gift I could give anyone....
Looking at Cable, price has been bouncing between the Support and Resistance Zone for the last few days. We are also seeing price sat on the Support currently, we will wait for confirmation of a broken trend before entering. Key points to take from the analysis; 1. Price is sitting at a key support zone (1.3650) 2. Stochastic Indicator is showing the market is...
the price has again rejected off the boundary while USD is still rising with bullish englufing candle being formed. we can initiate a sell here till tp 1. 1.3660 tp 2. 1.3634 tp 3. 1.3580 Stops at 1.3810
Very bullish personally but as always we have both routes planned. Chart explains everything, 4hr close above resistance and we're in.
Recent price action on this pair has been choppy but grinding higher all the time. As my weekly chart (below) shows, the 1.3750 area has become a barrier that price has been unable to overcome since end Apr 2018. Back to the H4 view, let us examine price action for the last 10 days. We can see a series of higher lows, while the highs have remained consistently...
only if the PA breakout , PT 1.3460 , no SL , as soon as there is pull back up to the support (also back to the channel again) then close it.
📌 ridethepig | EURGBP Finding a Floor After the preparatory manoeuvre, passive sellers are keeping a close eye on the 0.882x ABC target and already starting to cover. Sharp Buyers were aware of this and made the transition to attempt a base formation. With ECB / FED now cleared there is the customary inventiveness to continue with the rally. What we are...
GBPUSD -Short prediction to the Last week low Weekly high already in place Smart Money at the Last week Low Month End is good reason to sort the market 40-50% comment and follow my ideas Thank you
Hi traders, we have a potential long opportunity here on the GBPUSD based on a 123 strategy (middle line reversal). Good Luck Traders
Hello traders and analysts, See our chart for a Brexit 'Yes' whereby, the fishing stumbling block seems to be the major mover for a 'Yes' before the new year or a 'No'. The USD will continue to see a deepening soft dollar, which is what the US want right now to keep pushing the stocks into 2021 with cheaper import/exports as a major player. Furthermore a cheaper...
Here we have the pound at a support level which i expect it hold and give us a move back up into previous structure. This is a simple technical analysis that doesn't any further explanation. Good luck traders
Cable (British Pound Sterling , GBPUSD ) is in an obviously beautiful BOOMER market, accelerating North! During an Uptrend market like this is, one of the wise things to do - is to ride the wave, buying on dips. As per the CONDI Trading System rules, the only trading allowed in this setup is (strictly!) with the trend. T.m. only taking Long trading opportunities,...
Price reached and strong daily chart resistance near 1.38. A break above would indicate probable target levels at 1.40 and the potential to continue higher. The end of uncertainty with Brexit seems to have put more faith in GBP. Good Luck and Stay Healthy!
Bullish momentum still intact as of now. Do not short until the buying momentum fade away.