Weekly chart is showing us multiple confirmations for a continuation to the downside. PA showing a double top at the 1.40 price level, suggesting a strong point of previous support before breaking through mid 2016, has now turned resistance. A break below the neckline and the EMA band came in conjunction with the MACD sell signal. There's a range between...
Cable fell sharply just in a month, after a nice run to the downside, its just consolidating from few days, to me personally it seems like market is sending a signal to resume its downside towards 1.3300 or even 1.3100 over the coming days or so.
Over the next few day's we have various reports coming out for this pair, and we have the Brexit negotiations going on which, will almost certainly have a negative impact on Sterling. Interestingly, both economies are performing well when viewed through the prism of reporting metrics but compared with the US$, Sterling is still going to be the underdog, but while...
short cable @ 1.3375 s/l=1.3400 tp@1.33 level
stop loss levels as well as take profit levels 1 and 2 have all been set!
Good shorting opportunity on GBPUSD pair. Price have made double top price in area for short. RSI overbought. GBP appreciated significantly I think its time to depreciate. GOOD LUCK
Short GBPSEK @ 11.8228; TP @ 11.5864, Sl your choice
I would like to see price trade below .382 of 2014-2016 retracement though pattern still valid <bc leg. Target 1.3285-7
Expecting a move down to support near 1.36000. Counter-trend break imminent on 1h now that price has broken longer term trend and pulled back up into resistance. Price may stick with the current trend a little longer to sound out higher resistance before breaking down and making a close below current minor trend and 50ma - providing a short opportunity.
GBP/USD has Fallen Nearly 300+ pips Since Rejecting 1.4000. THis Pair has now seen quite a divergence between the moving Averages as the new Fed Chair Powell Preaches hawkish overtones about Fed Hikes and Market Exhuberance. WIll The Cable Fall Again to Post Brexit Levels Yet Again? Looking at the chart techincally, we can see that the Weekly Ascneding Trendline...
I am waiting for price to retrace before heading down lower
The Labour party have delivered their plan on Brexit and the Fed have signaled 3 rate hikes in 2018. We have no broken to the downside and have a target level on the weekly chart which has acted as a great buy zone since the Brexit Vote June 2016
No TA here. And I may very very wrong here, so not making a call to buy or sell. Market will always keep a successful market speculator humble. Just speculation on the price as with all my trading. Now that its in the money, stops at BE and will gear in if its runs further south next week. Retail will was predominantly Long at the break. The same pattern unfolds...
GBP/USD meets 100-hour SMA Previous trading session the Pound ended with a 104-pip fall against the Dollar. The support was provided by the 100-hour SMA. Most probably this indicator will continue to drive the cable up to the 55-hour SMA located at 1.3553. Even in case of release of disappointing British Services PMI data the pair is not expected to fall below...
Is it time for GBPUSD to turn the wave? Looks like the resistance level is holding fast and there is daily pinbar from yesterday. Also, there is a bearish engulfing pattern on the 4H chart. What do you think? Has time come already for this beast to
Following up on the previous post on the cable where I recommended a short with a final target of 1.2700, I have closed my position early, just before the pair retraced up. The week ended with the cable at 1.3190, bouncing off the 61.8 retracement level of the dip. Let's take a look at fundamentals. From UK's perspective, the EU has given Britain a 2-week...
If we get the correct candlestick pattern at the above resistance levels, a touch of the outer Bollinger band, the Fib levels just add confluence. I will be selling the shit outta this pair.