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.
The pullback towards 1.3500 has given way to a corrective bounce from 1.3520~, whilst oversold intraday momentum studies unwind. FX:GBPUSD is trading around 1.3600, but falling daily stochastics and the bearish Tension Indicator are expected to cap any break to below the 1.3675 Fibonacci retracement. Following corrective trade, downside levels are expected to...
Very strong resistance was broken at 134.5 level. Since breaking this level it has touched it twice and found support. If the Dollars short term strength continues in the coming days this support will offer a good long entry. There may be some resistance at 1.38 so it could be worth taking profit there or wait for 1.40 for a longer term target.
Even though I'm expecting dollar strength this week, I think this is the strongest outcome. There are too many confluences around the 1.35500 area. Obviously a close below this negates and should see previous LH retested.
Sell at market , SL 30pip , Target Price 1.3460.
A good time to enter would be if the 4h chart can make a pullback to the 0.382 and the volume profiles breaker. i have an order set at 1.36
An ABC long and my first official trade on the cable, it feels good to place an order on the currency I use. I'm in two minds about waiting for the stochastic to provide a buy signal however the shape of this ABC looks sharp and I don't want to miss an entry. Having never traded the Cable before I have a preconception that it doesn't hang about when impulsive...
🔔 The long-term outlook for the pound is bullish this year — Our entry from last night is running 55+ Pips in profits ✅🌱 - DM US FORE FREE HELP
WXN TRADE IDEA Buy GBP / USD @1.35500 Stop Loss: @ 1.35300 Take Profit: @ 1.36100 But we recommend that you take profit when you're happy. Bearish depletion and a sign of bullish structure at the support created around the 1.36500 area. Risk: 20 pips (1R) Gain: 60 pips (3R) Risk/Reward : 1:3
I think we could be coming to the end of the bull run for GU with this ending Diagonal but as always we're prepped for both situations. Also a bit of Bull Flag formed.
The cable has had a bullish run so far for some months. A swing low(as shown in the chart) was formed and price continues its bullish run. I expect price to continue its bullish run to the order block at the 1.3700 price level (also shown in the chart). There seems to be a lot of liquidity at the level as a result of relative equal highs which makes it an added...
Now we see a big daily bearish hammer candle and We can expect the price to move up to fill the shadow. To enter, we have to wait for the resistance line to break and the momentum to become positive.
My Analysis of the GBPUSD , the target will be a trigger for a long , we need a breakout of the stop line to exit , if we breaks the yellow line my analysis is canceled